| Welcome to Kurdistanboard forum. Hope you enjoy your visit. You're currently viewing our forum as a guest. This means you are limited to certain areas of the board and there are some features you can't use. If you join our community, you'll be able to access member-only sections, and use many member-only features such as customizing your profile, sending personal messages, and voting in polls. Registration is simple, fast, and completely free. Join our community! If you're already a member please log in to your account to access all of our features: |
| South Kurdistan oil & gas development | |
|---|---|
| Tweet Topic Started: Nov 17 12, 1:25 (649,209 Views) | |
| ALAN | Dec 31 12, 12:20 Post #101 |
![]()
|
Hell yes it's under construction ![]()
|
| Russian Girenak Joseph, who visited Kirkuk in Kurdistan as a part of his tour throu the 1870 - 1873 AD, who published the results of his trip & his studies later in 1879, in the 4th volume in the Bulletin of the Caucasus department of the Royal Geographical Russian Society estimated Kirkuk's population as many as 12-50,000 people, & he emphasized that except 40 Christian families, the rest of the population were Kurds. As for The Turkmen & Arabs, they have not been already existed at the time. | |
![]() |
|
| ALAN | Dec 31 12, 12:35 Post #102 |
![]()
|
Thanks for the link dear. That is a block per company map not pipeline map ill look for it. No the meeting was postponed by Baghdad till Wednesday for unknown reasons. |
| Russian Girenak Joseph, who visited Kirkuk in Kurdistan as a part of his tour throu the 1870 - 1873 AD, who published the results of his trip & his studies later in 1879, in the 4th volume in the Bulletin of the Caucasus department of the Royal Geographical Russian Society estimated Kirkuk's population as many as 12-50,000 people, & he emphasized that except 40 Christian families, the rest of the population were Kurds. As for The Turkmen & Arabs, they have not been already existed at the time. | |
![]() |
|
| Kinematik | Dec 31 12, 12:37 Post #103 |
![]()
|
Alan: the vitol etc articles are pretty old This is from dec 10th im afraid but im sure kurdistan Will win this http://www.brecorder.com/markets/commodities/middle-east-a-africa/94861-iraq-says-vitol-apologises-for-kurdish-oil-purchase-.html About Kirkuk oilfield, it had to be located on more than 1 block before they found out how Big it was? How did they share it? If atrush is connected to sarsang, Akri Bijeel how Will this be solwed? |
![]() |
|
| Kinematik | Dec 31 12, 12:42 Post #104 |
![]()
|
Ah ok! I didnt know that I found this http://www.ekurd.net/mismas/articles/misc2012/12/kurdlocal1153.htm Meeting between Defence Ministry, Peshmerga postponed until Wednesday Baghdad: Member Parliament's Security and Defence Committee, Joma al-Metyouti, said that the scheduled meeting on Sunday between the Ministry of Defence and the Ministry of Peshmerga is postponed. In a statement to National Iraqi News Agency on Saturday, Dec. 29, Metyouti said that the two sides have decided to postpone the meeting until Wednesday, Jan. 2, because of the demonstrations that are going on in some of the provinces, as well as the graduation of new military cadets. Secretary General of the Ministry of Peshmerga, Jabar Yawar, said that talks held by officials from Ministry of Peshmerga and the Ministry of Defence in Baghdad was positive. Military talks between the two sides were resumed last week on military presence in disputed areas, for the withdrawal of military forces from them and to be replaced with joint security forces. ninanews.com |
![]() |
|
| Qandil | Dec 31 12, 2:02 Post #105 |
![]() ![]()
|
Controlled by Iraq? But it is in Kirkuk, so how? |
| "Kurdino! Bibin yek; eger hûn nebin yek, hûn ê herin yek bi yek." - Cigerxwîn. | |
![]() |
|
| ALAN | Dec 31 12, 2:47 Post #106 |
![]()
|
Yes the oil is run by NOC which is an iraqi oil company since saddam era, they dont control Kirkuk military wise but the oil in baba field is in their hands it is constitutional, iraq runs oil fields while any field discovered after 2005 is run by where the oil is found, if its Kurdistan KRG will run is and vice versa. let them have baba im sure in few years ahead it will dry up then the NOC will have to pack up and piss off to where they came from. but Khurmala and Avana are KRG's jurisdiction and properties. |
| Russian Girenak Joseph, who visited Kirkuk in Kurdistan as a part of his tour throu the 1870 - 1873 AD, who published the results of his trip & his studies later in 1879, in the 4th volume in the Bulletin of the Caucasus department of the Royal Geographical Russian Society estimated Kirkuk's population as many as 12-50,000 people, & he emphasized that except 40 Christian families, the rest of the population were Kurds. As for The Turkmen & Arabs, they have not been already existed at the time. | |
![]() |
|
| ALAN | Dec 31 12, 2:50 Post #107 |
![]()
|
dont listen to iraq dear, remember the Exxon deal ? do you know how many times they lied and said Exxon sent them a paper saying they have canceled their deal with Kurdistan? and guess what lol Exxon dumped iraq's west qurna for Kirkuk and kurdish Mosul
|
| Russian Girenak Joseph, who visited Kirkuk in Kurdistan as a part of his tour throu the 1870 - 1873 AD, who published the results of his trip & his studies later in 1879, in the 4th volume in the Bulletin of the Caucasus department of the Royal Geographical Russian Society estimated Kirkuk's population as many as 12-50,000 people, & he emphasized that except 40 Christian families, the rest of the population were Kurds. As for The Turkmen & Arabs, they have not been already existed at the time. | |
![]() |
|
| Kinematik | Dec 31 12, 3:32 Post #108 |
![]()
|
Hehe yeah i know that they lie alot, but do you know for a fact that they still buy and export kurdish oil? About Kirkuk i meant between company blocks but that maybe wasnt the case with Kirkuk? But if the atrush field is actually a huge field connected to the blocks next to it wich is held by a number of diffrent companys, if so do we have to share The new big field and how will this be determined? By already proven reserves? Your doing a great job! |
![]() |
|
| ALAN | Dec 31 12, 4:21 Post #109 |
![]()
|
if the Atrush field is connected to nearby fields shareholders will have a % of the newly discovered oil, this would be set by the operating company ... the shares will be for proven reserve if new oil is found then your share will be based on how much is found and if it is connected to Atrush. if this happens maybe the smaller companies nearby might resell their blocks to the companies with maximum reserves found this has happened before but then who knows :hmmm Kirkuk is Exxon property alone ![]() thanks my dear im trying
|
| Russian Girenak Joseph, who visited Kirkuk in Kurdistan as a part of his tour throu the 1870 - 1873 AD, who published the results of his trip & his studies later in 1879, in the 4th volume in the Bulletin of the Caucasus department of the Royal Geographical Russian Society estimated Kirkuk's population as many as 12-50,000 people, & he emphasized that except 40 Christian families, the rest of the population were Kurds. As for The Turkmen & Arabs, they have not been already existed at the time. | |
![]() |
|
| Kinematik | Jan 2 13, 5:09 Post #110 |
![]()
|
Thanks Alan! Have you find any pipeline maps with atrush? Best regards |
![]() |
|
| ALAN | Jan 2 13, 3:51 Post #111 |
![]()
|
There is a planned branch to hook Shaikan field onto the national pipelines that is under construction connecting Kurdistan to turkey bypassing iraq, since Shaikan is right next to Atrush i think there might not be a need to build a branch for Atrush yet, all KRG has to do then is to build a very short branch connecting Atrush to Shaikan which can be done within weeks. |
| Russian Girenak Joseph, who visited Kirkuk in Kurdistan as a part of his tour throu the 1870 - 1873 AD, who published the results of his trip & his studies later in 1879, in the 4th volume in the Bulletin of the Caucasus department of the Royal Geographical Russian Society estimated Kirkuk's population as many as 12-50,000 people, & he emphasized that except 40 Christian families, the rest of the population were Kurds. As for The Turkmen & Arabs, they have not been already existed at the time. | |
![]() |
|
| Kinematik | Jan 2 13, 11:02 Post #112 |
![]()
|
Thank you Alan Aspect sells their share of atrush to TAQA for 600 million $ TAQA buys stake in south kurdistan oil block for $600 mln Wed Jan 2, 2013 8:23am GMT DUBAI, Jan 2 (Reuters) - Abu Dhabi National Energy Co (TAQA) has bought a 53.2 percent operating interest in south kurdistan's Atrush oil block for $600 million from General Exploration Partners (GEP) Inc. http://uk.mobile.reuters.com/article/idUKL5E9C215720130102?irpc=932 |
![]() |
|
| ALAN | Jan 2 13, 11:16 Post #113 |
![]()
|
TAQA is an important player as well not a supermajor but still important as its from the powerful rich gulf states.
|
| Russian Girenak Joseph, who visited Kirkuk in Kurdistan as a part of his tour throu the 1870 - 1873 AD, who published the results of his trip & his studies later in 1879, in the 4th volume in the Bulletin of the Caucasus department of the Royal Geographical Russian Society estimated Kirkuk's population as many as 12-50,000 people, & he emphasized that except 40 Christian families, the rest of the population were Kurds. As for The Turkmen & Arabs, they have not been already existed at the time. | |
![]() |
|
| Kinematik | Jan 2 13, 11:20 Post #114 |
![]()
|
Yes and im very happy that they are our partner now instead of the Privately owned aspect. TAQA has a bit more muscle, good to have if baghdad tries to take oilfields back or something because "they are illegal" as they say.. |
![]() |
|
| ALAN | Jan 3 13, 12:52 Post #115 |
![]()
|
Baghdad is done trust me now they want to take control of Kurdish territories that are not run by KRG but they failed there too as Kurdistan has a strong snuff army to defend these areas, as Baghdad buys more weapon so do we but our ones are defensive not attack weapons.. If Baghdad attacks these areas they can say good but to all of their weapon contracts. But yeah TAQA weighs in more now in Atrush even thou I don't have shares there I'm happy for shareholders and KRG. |
| Russian Girenak Joseph, who visited Kirkuk in Kurdistan as a part of his tour throu the 1870 - 1873 AD, who published the results of his trip & his studies later in 1879, in the 4th volume in the Bulletin of the Caucasus department of the Royal Geographical Russian Society estimated Kirkuk's population as many as 12-50,000 people, & he emphasized that except 40 Christian families, the rest of the population were Kurds. As for The Turkmen & Arabs, they have not been already existed at the time. | |
![]() |
|
| ALAN | Jan 4 13, 2:36 Post #116 |
![]()
|
Taqa Completes Purchase of Stake in Kurdish Energy Block Jan 2 (Reuters) - Abu Dhabi National Energy Co (TAQA) has bought a 53.2 percent operating interest in South Kurdistan's Atrush oil block for $600 million from General Exploration Partners (GEP) Inc. A TAQA spokesman said on Wednesday production was expected to start in 2013 and the acquisition would be funded "from corporate resources". GEP is a venture between privately-held Aspect Energy, which owns a 66.5 percent interest, with the remainder held by a subsidiary of Canadian group ShaMaran Petroleum. The acquisition marks the first time the Abu Dhabi-based company has operated an oil and gas project in the Middle East. "It's part of our strategy to expand in the MENA (Middle East and North Africa) region," the TAQA spokesman said. An autonomous region since 1991, Kurdistan is often touted as one of the final frontiers for onshore oil exploration and has signed deals with foreign majors such as Exxon Mobil, Chevron and Total. But those deals have angered the federal capital Baghdad, which rejects oil contracts offered by the South Kurdistan's government as illegal, and has blacklisted some firms that ventured north. (Reporting by Mahmoud Habboush; Editing by William Maclean and Mark Potter) |
| Russian Girenak Joseph, who visited Kirkuk in Kurdistan as a part of his tour throu the 1870 - 1873 AD, who published the results of his trip & his studies later in 1879, in the 4th volume in the Bulletin of the Caucasus department of the Royal Geographical Russian Society estimated Kirkuk's population as many as 12-50,000 people, & he emphasized that except 40 Christian families, the rest of the population were Kurds. As for The Turkmen & Arabs, they have not been already existed at the time. | |
![]() |
|
| ALAN | Jan 9 13, 1:39 Post #117 |
![]()
|
BINGO Breaking News---Kurdistan starts exporting crude oil independently to Turkey ERBIL-Hewlêr, South Kurdistan 'KRG',— An informed source said that the South Kurdistan began export crude oil independently to Turkey. The source did not mention the amount of the oil that the province began exporting by trucks. It is mentioned that the Kurdistan Regional Government announced shut off oil exports until further notice because the central government did not pay money for the corporations operating in the province since May 2012. A statement of the provincial government quoted a source in the Ministry of Petroleum in the Province as saying: "The ministry decided, after consultations with companies, to halt exports until further notice because the region did not receive money since several months ago and there is no indication from the federal government on that." The statement added, "We hope that is a temporary measure and the responsible, who is responsible for non-payment of money in the central government, quickly realizes that their failure in the commitment to the agreements is not in the benefit of the Iraqi people." "It is hoped, when this issue is resolved in a satisfactory manner, will increase exports to more than 175 thousand barrels per day as stipulated in the budget of 2012." It said. The province had signed about 40 contracts with international companies without seeking the approval of the Ministry of Oil in the central government, which refuses to sign contracts with companies agreed to deal with the South Kurdistan without its consultation. http://ninanews.com |
| Russian Girenak Joseph, who visited Kirkuk in Kurdistan as a part of his tour throu the 1870 - 1873 AD, who published the results of his trip & his studies later in 1879, in the 4th volume in the Bulletin of the Caucasus department of the Royal Geographical Russian Society estimated Kirkuk's population as many as 12-50,000 people, & he emphasized that except 40 Christian families, the rest of the population were Kurds. As for The Turkmen & Arabs, they have not been already existed at the time. | |
![]() |
|
| ALAN | Jan 9 13, 1:49 Post #118 |
![]()
|
Active oil companies in Kurdistan January 8, 2013 Oil and gas reserves are undoubtedly the most important assets for Kurdistan. According to OPEC, Iraq’s resources of 143 billion barrels of crude oil and 126.7 trillion cubic feet of gas are the fourth largest in the world after Venezuela, Saudi Arabia and Iran. However, Iraq’s oil production is almost half that of Iran, meaning there is plenty of room for growth. Kurdistan accounts for 43.7 billion barrels of proven oil reserves, 25.5 billion more barrels of unproven reserves and between 3 and 6 trillion cubic meters of gas (30% of Iraq's proven oil reserves). If Kurdistan was a country, the amount of oil and gas reserves would place it among the top 10 oil rich countries in the world. Recently, Kurdistan has been one of the hottest spots for the global oil and gas industry. The size of the oil market has lured many iconic oil and gas personalities including Tony Hayward, the former chairman of BP, and has attracted over US$10bn in investments from foreign oil companies, according to the Financial Times. At first the South Kurdistan attracted smaller regional oil and gas players, but recently industry heavyweights like Exxon Mobil, Chevron and Total has been making deals with the Kurdistan Regional Government. The IOC signed on to work in Kurdistan because the KRG is willing to negotiate production-sharing contracts, which as the name implies give operators a share in oil profits. That share generally results in a government take of roughly 80%, giving operators access to as much as 20% of the profits. This may not sound great, but it's leagues better than the deal available down on the south of Iraq where the companies get 1% profit sharing. Based on an intelligence by the FT, "in 2008, there were only three drilling rigs in Kurdistan. This year there are 24 and next year there will be 40. Production, at about 200,000 barrels a day, will reach 250,000 b/d next year. By 2015, Kurdistan hopes to be exporting 1m b/d." Exports for Iraq as a whole are roughly 2 million bpd, out of total production that has now reached 2.7 million bpd. Furthermore, the FT reports that Kurdistan’s Minister of Natural Resources Ashti Hawrami forecasts a wave of consolidation as the majors swoop in. The number of operators in the region will, he says, soon shrink from 50 to 20 or less. "We’re moving from the small and the beautiful to the large and the magnificent." The future of the oil and gas industry in Kurdistan remains in the hands of Turkey. The oil exports are going through Baghdad-controlled pipeline. Many observers say that the pipeline to Turkey is only a question of time. Mehmed Sepil, CEO of Genel Energy in a recent interview for Hurriyed Daily said: "We say we can bring gas to the Turkish frontier by the end of 2015. Our first target is four bcm [billion cubic meters]... Well, we expect Turkey to buy the gas if it is so much in need of gas. It will definitely be much cheaper. Which one is better: to get gas from places far away or from next door? You can always find oil but [Kurdish] gas has a strategic advantage for Turkey." Even though the Iraqi government accuses the Kurdistan Regional Government (KRG) of corruption and deceit over oil contracts as well as infringement of the constitutions, this has not stalled the rapid development of the sector in the South Kurdistan. Furthermore, Mr. Sepil believes that the oil and gas contracts are in-line with the constitutions. He argues that "there is no obstacle whatsoever in the Iraqi Constitution that can prevent this. There is nothing in the Constitution that says the state company, Somo, should be a monopoly. The Constitution says that whether it is sold from Baghdad or from the north, the revenues belong to the whole Iraqi nation. In other words, the revenue from the sales done by the north going only into the pockets of the north is against the Constitution. But this will not be done. So there could be a pragmatic solution to the revenue sharing. If sales from the north are equally distributed among all of Iraq, then there won’t be anything unconstitutional." If the pipeline is build, it will mean a major game-changer in the regional dynamics that will no doubt determine the future of the region. The Washington Post reported that "according to several officials in the Turkish foreign and energy ministries, at the beginning of this year, Turkish and Kurdish leaders began to discuss the details of a strategic energy partnership — culminating in the exploration and pipeline deal currently under consideration." One thing is certain: "Kurdistan is going to emerge as a major contributor to global oil supplies by the end of this decade – possibly sooner,” says Mr. Hayward for the FT. According to Reuters, "numerically, the United States and Canada have the strongest representation in Iraq's South Kurdistan. The two biggest northern producing fields, excluding Kirkuk -- which lies outside the South Kurdistan and is operated by the federal authorities -- are Tawke and Taq Taq. According to documents obtained by Reuters from Kurdish opposition officials, and the KRG Ministry of Natural Resources, Norway's DNO has a 55 percent share in Tawke and Turkey's Genel has 25 percent, with the rest held by the KRG. Genel is also active in Taq Taq, together with Sinopec unit Addax Petroleum." List of Top Oil Companies in Kurdistan: USA Exxon Mobil Chevron Aspect Energy Marathon Oil Corporation Hillwood International Energy Hunt Oil Prime Oil Murphy Oil Hess Corporation HKN Energy Viking International Canada Forbes and Manhattan Western Zagros Resources Talisman Energy Inc NIKO Resources Ground Star Shamaran South Korea Korea National Oil Company Turkey Genel Energy Petoil Dogan Britain Gulf Keystone Petroleum LTD Sterling Energy Heritage Oil Anglo-French company Perenco UAE TAQA Dana Petroleum France Total Austria OMV AG China China acquired a significant presence in Kurdistan after Sinopec Group bought Addax Petroleum in 2009. Hungary MOL India Reliance Industries Papua New Guinea Oil Search Russia Norbest Gazprom Neft Norway DNO Kurdistan Oil Search Limited Kar Group Qaiwan Group Spain Repsol Independent AFREN Top Oil Companies in the South Kurdistan by Activity The upstream oil sector is dominated by medium-size foreign oil companies. The recent entry of the big heavy-weight IOC like Exxon Mobil will lead to consolidation in the industry. Exxon Mobil Chevron Total Genel Energy DNO Gulf Keystone Petroleum LTD. OMV DNO HESS Oryx Petroleum Repsol Dana Gas Marathon Oil Corporation Gazprom Neft MOL Group Hunt Oil Middle East Limited Oil Search (Iraq) Limited Talisman Energy Viking International AFREN HKN Energy Western Zagros Local Companies Qaiwan Group: A diversified conglomerate based in Sulaimani with activities in construction (Qaiwan Towers, Qaiwan City, Sulaimani Heights), energy (Baziyan Refinery, Petrol Stations, Oil Trading), retail and hospitality (Rotana Hotel Sulaimani , Qaiwan Hotel). UB Holding: In 2009, the company's turnover was $1.2 billion, and this increased to approximately $1.5 billion in 2010. The company is involved in the upstream, midstream and downstream sectors. At present, UB Holding is one of the leading private sector companies in Iraq. Unlike the upstream sector, Kurdistan’s refining industry is almost the exclusive preserve of locals, among them KAR Group, one of the region’s largest private companies, which operates Kalak Refinery. According to the Financial Times, "in addition to Erbil and the refineries at Baiji, central Iraq, Baghdad and Basrah, there are dozens of backyard, so-called “teapot”, refineries. Together they are capable of processing a total of about 790,000b/d of crude, according to the US Special Inspector General for Iraq Reconstruction. The surge in Kurdistan’s oil consumption is part of a broader trend within Iraq. The country has seen its oil demand rise to more than 700,000 b/d in 2011, up from just 450,000 b/d in 2003, as economic activity improves, according to estimates by the US Department of Energy." Top Downstream Oil Companies and Refineries in the South Kurdistan UB Holding: In 2009, the company's turnover was $1.2 billion, and this increased to approximately $1.5 billion in 2010. The company is involved in the upstream, midstream and downstream sectors. At present, UB Holding is one of the leading private sector companies in KRG. Baziyan refinery (Qaiwan Group): Situated near Kurdistan’s second city of Suleimaniya, Baziyan refinery was taken over in 2009 by a local trading company, Qaiwan. It is being upgraded by Ventech to increase its capacity to 34,000 b/d. Kalak Refinery (Kar Group): Kalak is the largest refinery in Kurdistan. It now has refining capacity of 100,000 barrels of oil a day, a figure that is set to rise sharply in the coming years. Kalak is expanding fast. Kalak supplies 75 per cent of local demand for products such as high-octane gasoline. Top Oil Distribution Companies Kurdistan Qaiwan Group: A diversified conglomerate based in Suleimaniyah with activities in construction (Qaiwan Towers, Qaiwan City, Sulaimani Heights), energy (Baziyan Refinery, Petrol Stations, Oil Trading), retail and hospitality (Rotana Hotel Suleimaniyah, Qaiwan Hotel). UB Holding: In 2009, the company's turnover was $1.2 billion, and this increased to approximately $1.5 billion in 2010. The company is involved in the upstream, midstream and downstream sectors. At present, UB Holding is one of the leading private sector companies in Iraq. Sher Oil (Hewa Group) Top Oil & Gas Sector Service | Design | Engineering & Construction Companies Kurdistan Oil & Gas Management Services Group RPS Energy Kar Group Tenaris Zagros Oil & Gas Marcopolis |
| Russian Girenak Joseph, who visited Kirkuk in Kurdistan as a part of his tour throu the 1870 - 1873 AD, who published the results of his trip & his studies later in 1879, in the 4th volume in the Bulletin of the Caucasus department of the Royal Geographical Russian Society estimated Kirkuk's population as many as 12-50,000 people, & he emphasized that except 40 Christian families, the rest of the population were Kurds. As for The Turkmen & Arabs, they have not been already existed at the time. | |
![]() |
|
| Kinematik | Jan 9 13, 5:01 Post #119 |
![]()
|
Thumbs up!
|
![]() |
|
| ALAN | Jan 9 13, 1:11 Post #120 |
![]()
|
Next time an Iraqi on SSC says Kurdistan giving oil away for free jus quote them this link, specially that failed shahrstani deputy shaytan guy.. And if he goes to Kurdistan next time as a tourist don't be a keyboard warrior only tell the peshmerga at the checkpoints they are mountain Persians I'm sure they personally hire him a car to divan hotel. |
| Russian Girenak Joseph, who visited Kirkuk in Kurdistan as a part of his tour throu the 1870 - 1873 AD, who published the results of his trip & his studies later in 1879, in the 4th volume in the Bulletin of the Caucasus department of the Royal Geographical Russian Society estimated Kirkuk's population as many as 12-50,000 people, & he emphasized that except 40 Christian families, the rest of the population were Kurds. As for The Turkmen & Arabs, they have not been already existed at the time. | |
![]() |
|
| Qandil | Jan 9 13, 9:52 Post #121 |
![]() ![]()
|
Ashti Hawrami is a smart man. He created a very complex oil sector - from scratch. He deserves an applause. |
| "Kurdino! Bibin yek; eger hûn nebin yek, hûn ê herin yek bi yek." - Cigerxwîn. | |
![]() |
|
| Kinematik | Jan 9 13, 10:02 Post #122 |
![]()
|
Iraq did. A smart man in that position could do good things for kurdistan. Kurdistan could make their own money if the exports went smoothly.. http://www.iraqoilreport.com/politics/oil-policy/iraq-names-new-deputy-oil-minister-9661/ Good article, i think KRG are dealing with its problems nicely http://www.upstreamonline.com/live/article1313298.ece A KRG source said the crude trade through Turkey was likely to keep going. "Crude is a new component in the KRG's ongoing barter deal with Turkey, and it's likely to continue because Baghdad is not paying as agreed, nor is it supplying the KRG with sufficient refined products," the KRG source said. "So the trade is part of our 17% entitlement to refined products, and the contractors will be able to earn their share as well, according to their contracts." An agreement with Baghdad entitles Kurdistan to 17% of oil products refined in Iraq, the KRG source said. Edited by Kinematik, Jan 9 13, 10:03.
|
![]() |
|
| ALAN | Jan 9 13, 10:11 Post #123 |
![]()
|
I'm not too sure about that, it's not about having a "smart" guy the current ones are ok enough it's the mentality of iraqis that contradicts our progress. Now KRG gets 17% as Iraq is using Kirkuk oil a Kurdish majority province according to all past censuses that were carried out in the past. If they want the 17% stopped then Kirkuk with its entire oil field must decide where they would like to go and Me and iraqis are sure the results will Be in our favor despite 4 Kurdish districts were sliced off but with current population we will still out number Arabs added Turkmen as well and they know it and its why they have delayed the referendum for the province to be carried out. So smart or dumb iraq's decisions comes from Tehran the Iraqis no longer have any say in these matters it comes prepackaged from Tehran for them they just sign it its already written for them. |
| Russian Girenak Joseph, who visited Kirkuk in Kurdistan as a part of his tour throu the 1870 - 1873 AD, who published the results of his trip & his studies later in 1879, in the 4th volume in the Bulletin of the Caucasus department of the Royal Geographical Russian Society estimated Kirkuk's population as many as 12-50,000 people, & he emphasized that except 40 Christian families, the rest of the population were Kurds. As for The Turkmen & Arabs, they have not been already existed at the time. | |
![]() |
|
| Halo | Jan 10 13, 4:08 Post #124 |
|
Têkoşer
![]()
|
turkish sources also says KRG have start exporting oil: http://www.hurriyetdailynews.com/ |
| |
![]() |
|
| Kinematik | Jan 10 13, 6:14 Post #125 |
![]()
|
Hmmm i think you need to read The PSCs (product sharing contracts). Atrush share of oil profit it described on page 32 here, diffrent for diffrent oil blocks http://ca.hotstocked.com/docs/show/shamaran_petroleum_corp/material_document_english/00443045.pdf Its a bit complicated but say 1 barrel of oil is sold for 100 dollar. First KRG takes 10% royalty. Then for example atrush has around 12-16% of the money. That means the companys in the field gets to share between 12-16% of 90$ The rest goes to KRG and then i dont know how much iraq takes. And then on top of that KRG has the option to get 20% of the field also, for free and then get a 20% share of the 12-16%. So dont be so angry without the correct facts and turn off the capslock. Kurdistan will make a shitload of money. TAQA bought 53% of atrush, has nothing to do with the profit of oil. Nice video from GKP http://www.youtube.com/watch?v=lQj4Tt2fkAY |
![]() |
|
| 1 user reading this topic (1 Guest and 0 Anonymous) | |
| Go to Next Page | |
| « Previous Topic · Oil & gas development news · Next Topic » |









but im sure kurdistan Will win this 


TAQA is an important player as well not a supermajor but still important as its from the powerful rich gulf states.
1:46 AM Jul 12