Welcome Guest [Log In] [Register]
Share KSS on: Share to Facebook Post to my twitter!
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:

Username:   Password:
South Kurdistan oil & gas development
Topic Started: Nov 17 12, 1:25 (649,138 Views)
ALAN
Member Avatar


Also Kirkuks oil field consists of three structures the biggest one is still undeveloped and uncontracted so I believe Exxon is in on it too and that pushed US to accept a Kirkuk been part of KRG, remember USA is supervising the trench of Kirkuk that separates Kirkuk from Sunnis for good.

http://radionawxo.org/kurdi/index.php/all-news/item/22001-2015-07-13-14-37-55.html
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.
Offline Profile Quote Post Goto Top
 
Rave1
No Avatar


ALAN
Jul 15 15, 2:46
Also Kirkuks oil field consists of three structures the biggest one is still undeveloped and uncontracted so I believe Exxon is in on it too and that pushed US to accept a Kirkuk been part of KRG, remember USA is supervising the trench of Kirkuk that separates Kirkuk from Sunnis for good.

http://radionawxo.org/kurdi/index.php/all-news/item/22001-2015-07-13-14-37-55.html
The biggest, which dome (structure) do you mean? The biggest (in terms of reserves = payload) is Avanah, close to Maxmur, and that is being developed by KAR. 20 W/O wells if I remember it correctly.

Baba might be the biggest in terms of acrage, but that doesnt mean anything in terms of reserves (payload). Although Baba gurgur can be exploited more, and needs a big IOC (International Oil Company) to enhance the oil extraction & reverse the withdrawal effects caused by NOC (under S. Hussein). BP already signed a memorandum with Baghdad, so the easiest way would be to just let BP take it but under the KRG.

The thing with Kirkuk is... the problem is PUK, and mostly N. Karim. This ugly bastard wants to dictate the oil contracts under the governate and thus lobby for a "special status" and uses the mixed ethnicity to EU & US governments. I am astonished that this guy is still in PUK, they shud just kill him. However, we've seen a better N. Karim since 2-3 months ago. Particularly after Barzani met with Obama. Something has changed there.

As you say ALAN, the best would be Exxon, but that would mean KRG being to loose on Exxon, and we know that its not good given Exxon's powers. The last thing I want is KRG being dictated by capitalist freaks from US. Although I want them to be our friends. Thin line.



I assume three new oil license areas will be formed, that is; Maxmur (North), Khabbaz & Jambur. Each would be given to major IOCs, Exxon is up there. The finest of them all is Maxmur, the mountain-hill which is very long, and its told that the whole hill tops (probably 50 km long), called QARA CHAUQ, has the same payload AT LEAST as Hamreen hilltops. (Hilltops are the best (not mountains), high API, easy extraction).
Find me on Twitter: @Ravve1
Offline Profile Quote Post Goto Top
 
Rave1
No Avatar


"PUK Spokesman, Emad Ahmad demands KRG remains committed to oil deal with Iraqi Gov".

So much for economical independence for Bashur. What is wrong with PUK? Seriously. Call themselves PUI instead, Patriotic Union of Iran.
Find me on Twitter: @Ravve1
Offline Profile Quote Post Goto Top
 
Benjamin
Member Avatar


I would expect Exxon Mobil will only honor contracts and be very thankful for Peshmerga protection. KRG is not Venezuela where stupid president Chavez kicked Exxon Mobil out to nationalize Ven`s oil. While Exxon/Mobil is busy in Kurdistan; they are far from the only oil company under contract(s) there. And it is possible that the bickering and fighting between KDP and PUK will subside as the Kurds begin relying on arbitration and the courts of law to settle grievances. http://www.iraq-businessnews.com/2013/06/25/list-of-oil-companies-in-kurdistan/4/
Offline Profile Quote Post Goto Top
 
ALAN
Member Avatar


Rave1
Jul 15 15, 7:48
"PUK Spokesman, Emad Ahmad demands KRG remains committed to oil deal with Iraqi Gov".

So much for economical independence for Bashur. What is wrong with PUK? Seriously. Call themselves PUI instead, Patriotic Union of Iran.
You have a reliable source? dont give me basnews please!
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.
Offline Profile Quote Post Goto Top
 
Rave1
No Avatar


ALAN
Jul 16 15, 3:55
Rave1
Jul 15 15, 7:48
"PUK Spokesman, Emad Ahmad demands KRG remains committed to oil deal with Iraqi Gov".

So much for economical independence for Bashur. What is wrong with PUK? Seriously. Call themselves PUI instead, Patriotic Union of Iran.
You have a reliable source? dont give me basnews please!
http://www.kurdpress.com/En/NSite/FullStory/News/?Id=10858#Title=%0A%09%09%09%09%09%09%09%09Erbil should be committed to its deal with Baghdad: PUK%0A%09%09%09%09%09%09%09
Find me on Twitter: @Ravve1
Offline Profile Quote Post Goto Top
 
ALAN
Member Avatar


I just checked PUKmedia which is the official page of PUK and i cant find such thing, Kurdpress is from EK so i dont know fore sure if they said such thing to make a serious comment on, and i doubt they would say such thing, bcos PUK is sharing a coalition Govt with PDK atm...
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.
Offline Profile Quote Post Goto Top
 
ALAN
Member Avatar


If PUK has said such thing its a mistake... Im Glad Gorran hasnt said such thing.
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.
Offline Profile Quote Post Goto Top
 
ALAN
Member Avatar


Kurds bypass Baghdad for oil exports

Kurds in Iraq are bypassing the government in Baghdad and independently selling all the crude oil exported from their region for the first time as they take greater control of their own affairs.

The Kurds are shipping as much as 600,000 barrels of oil a day from their fields and haven’t sold any oil through the national marketing agency since June, Safin Dizayee, a spokesman for the Kurdistan Regional Government (KRG) said on Monday.

“Since July 1, our exports have become independent,” Dizayee said. “This doesn’t mean that there is no place for talks or understanding. Any new deal should be done on a win-win basis.”

The KRG’s decision to sell all its oil production may rekindle political conflict with Baghdad and threaten a surge in Iraq’s output.

The KRG’s decision to export unilaterally suggests a December agreement between the two sides to jointly market crude from Kurdish fields is unraveling, Bloomberg reported.

In a further step toward financial independence from the central government, the Kurdish parliament has approved a plan to sell as much as $5 billion in bonds to pay for infrastructure projects, he said in a telephone interview from the city of Hewlêr. It may issue $2 billion in an initial sale, he said.

http://www.kurdpress.com/En/NSite/FullStory/News/?Id=10862#Title=%0A3
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.
Offline Profile Quote Post Goto Top
 
ALAN
Member Avatar


Of course it does, xo shari be 7akm nya

Quote:
 
Iraqi Kurdish oil trucks planning to cross into Iran need MNR approval

ERBIL-Hewler, Kurdistan region ‘KRG’,— Oil tanker trucks planning to cross into Iran through the Bashmakh border crossing in Iraq’s Kurdistan Region will now need a written letter of approval from the Ministry of Natural Resources (MNR) in Hewlêr, the Bashmakh Directorate announced on Tuesday.

The Directorate informed oil companies exporting oil from the Kurdistan Region that trucks would not be allowed to pass the border without the MNR letter.

Authorities at Bashmakh said they will also be taking samples and testing oil from shipments leaving the region.

MP Abdurahman Ali of the Change Movement (Gorran) told NRT, “The decision is to prevent oil smuggling through the Bashmakh border.”

Ali added that KRG officials want to know what kind of oil trucks are taking out of the region.

While hundreds of tanker trucks leave the Kurdistan Region through Bashmakh Port, located 107 km northeast of Sulaimani city, it is not clear where the revenues of those shipments are going.

The new measures at Bashmakh are part of the Kurdistan Regional Government’s (KRG) crackdown on illegal oil and gas operations in the region.

Kurdish authorities have recently shut down illegal refineries operating inside the region, which led to a short-term petrol shortage earlier this summer. Lines at fuel stations across the four Kurdish provinces stretched for kilometers with drivers waiting hours to fill up their tanks.

The KRG received a much-needed injection of 25 million liters of fuel from the United Arab Emirates to deal with the shortage.

Copyright ©, respective author or news agency, nrttv.com
http://ekurd.net/iraqi-kurdish-oil-trucks-planning-to-cross-into-iran-need-mnr-approval-2015-07-15
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.
Offline Profile Quote Post Goto Top
 
ALAN
Member Avatar


Deutsche and Goldman ignite an oil war in Kurdistan

Sometimes, though, financial operations are part of a real war. Take the reconnaissance operation, or roadshow, undertaken last month in London by Deutsche Bank and Goldman Sachs to prepare international bond investors for a note issue by the Kurdistan region of Iraq. The two banks were listed as joint lead managers in a 109 page “preliminary private placement memorandum”.

The coupon, the bankers indicated orally, was intended to be around 11 to 12 per cent, and the initial offering would be between $500m and $1bn. That interest rate would be 300 to 400 basis points more than the 8 per cent level where the Republic of Iraq’s existing $2.7bn bond due in 2028 has been trading. Ordinarily this would be a smallish international issue by a sub-sovereign borrower that was priced to sell in a yield-hungry market.

The Kurdistan deal, and the managers’ handling of it, though, provoked anger in the Iraqi central government in Baghdad and a seething fury among those who have been preparing the Iraqi government’s own forthcoming multibillion-dollar bond issue.

As one of them said: “We were trying to do a real deal for the republic, and then [the managers] come along like a garbage can full of beer bottles.”

What makes this different from the usual commercial differences of opinion is that the central government of the Republic of Iraq and the Kurdish region are fighting a war to the death with Isis. Both are short of ready money.

It is inarguably a real problem for the rest of the world if they cannot pay for their operations and Isis gains ground. So any international financing operations here should be done in a professional manner.

Even some of those who were involved in the Kurdistan deal now concede that there were problems in how it was handled. In one participant’s words: “We stand behind the narrative of what was in the document . . . of course since then the narrative has shifted. We have no interest in getting into something that will cause major conflicts between Baghdad and the Kurdistan Regional Government.”

But they did. The “narrative” that supposedly “shifted” right in the middle of the roadshow was the Kurdistan government’s open reporting of international oil sales that did not go through the central government’s State Oil Marketing Organisation.

The KRG asserts that it has the right to export oil from fields that have been developed by companies with whom it has production-sharing agreements.

The Baghdad government says the regional government does not have that right, and that all receipts for oil produced within Iraq’s boundaries must be paid into accounts it has approved. Kurdistan retorts that the central government has an obligation under the Iraqi constitution to pay it 17 per cent of the entire country’s oil receipts and that it has not done so. That is true.

This dispute has led, in turn, to Kurdistan exporting some oil without Baghdad’s approval, and Baghdad sending lawyers to seize that oil, or the receipts from the oil. Kurdistan has been able to get paid for some oil exported through Turkey or, perhaps, Iran, albeit circuitously, at steep discounts and in smaller amounts than it needs.

There can be different opinions on which government is morally in the right, or which one would ultimately prevail after years of litigation. From the point of view of shy, passive bondholders, it would seem that too many foreign courts or potential foreign oil customers have tended to defer to Baghdad’s sovereignty.
For now, at least, the US government is taking Baghdad’s side, and they control the dollar clearing system. Think Argentina versus holdout creditors, and add a war.

That is the fundamental problem with bond issues by Kurdistan that do not have the explicit support of Baghdad. Absent a reliable way to export oil under international law, Kurdistan is fully dependent on the central government, and therefore cannot offer international investors a credible source of repayment.

One could excuse the Kurdish government for being too aggressive on its timing and documentation. They are, after all, fighting for their survival against bloodthirsty terrorists. However, these are the just the sort of points that international financiers should explain to their clients, even if it means losing some business.
Baghdad and Kurdistan must come to terms. They probably will, after Ramadan and the summer market pause.

The Republic of Iraq, whatever its other problems, has very little foreign debt, rising oil production and no significant international legal disputes. It has parliamentary authorisation to issue international bonds. Baghdad needs to make a long-term financial arrangement with Kurdistan. The minister of finance of the republic, Hoshyar Zebari, is a Kurd.

There are deals to be done here. Just not the deal proposed by Deutsche Bank and Goldman Sachs.

http://www.ft.com/cms/s/0/6b707e88-2c69-11e5-acfb-cbd2e1c81cca.html
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.
Offline Profile Quote Post Goto Top
 
ALAN
Member Avatar


One of the oil refineries in SK

Posted Image
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.
Offline Profile Quote Post Goto Top
 
ALAN
Member Avatar


$1 billion monthly income expected from oil exports

http://www.youtube.com/watch?v=32DQwwEOQtw
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.
Offline Profile Quote Post Goto Top
 
Benjamin
Member Avatar


Rave1
Jul 15 15, 7:48
"PUK Spokesman, Emad Ahmad demands KRG remains committed to oil deal with Iraqi Gov".

So much for economical independence for Bashur. What is wrong with PUK? Seriously. Call themselves PUI instead, Patriotic Union of Iran.
You left out part of what was said. PUK is demanding nothing while it also acknowledges that it is Iraq`s fault for not paying KRG its share of oil revenues. If you would look at this in political terms, what was said actually justifies KRG`s decision to sell oil independently of the Iraq government. Furthermore,Kurd Press is posting biased headlines, yet they are wise enough to not make stupid statements in the body of its articles. EK is no friend of Iran; but they are like many other Kurds who enjoy throwing darts. Read before you comment... I am American. I enjoy hurling darts also. http://www.kurdpress.ir/En/NSite/FullStory/News/?Id=10863#Title=%0A%09%09%09%09%09%09%09%09KDP wonders PUK demand from KRG to remain committed to deal with Baghdad%0A%09%09%09%09%09%09%09
hhhhhhhhhh The headline of a supplemental story could easily be a dart thrown at Iran [KDP wonders PUK demand from KRG to remain committed to deal with Baghdad]
Attached to this post:
Attachments: 01ba02fe505a48571593f5f466a2ca46.jpg (98.45 KB)
Offline Profile Quote Post Goto Top
 
ALAN
Member Avatar


PDK: "by blowing up Kirkuk-Cryhan pipeline PKK has made KRG a loss of $250 million within a week".

This means KRG sells $37 million of oil per day and this amount to $1.1billion a month.

WHERE IS THE FRIGGIN MONEY THEN PDK!!!???? WHERE IS TEACHER AND GOVT EMPLOYS INCOMES? WHERE IS PESHMERGA INCOME? Har boxotan ay ban! ter nabun bra narroooo..... Xatay ewa nya chunka milataka kwerana dwatan kawtun waku koyla....
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.
Offline Profile Quote Post Goto Top
 
Worldwar2boy
Member Avatar


ALAN
Aug 4 15, 12:39
PDK: "by blowing up Kirkuk-Cryhan pipeline PKK has made KRG a loss of $250 million within a week".

This means KRG sells $37 million of oil per day and this amount to $1.1billion a month.

WHERE IS THE FRIGGIN MONEY THEN PDK!!!???? WHERE IS TEACHER AND GOVT EMPLOYS INCOMES? WHERE IS PESHMERGA INCOME? Har boxotan ay ban! ter nabun bra narroooo..... Xatay ewa nya chunka milataka kwerana dwatan kawtun waku koyla....
You think $1.1 billion means net cash in KDP pockets? That's not how an economy works my friend.

Even after costs, the government has huge amount of expenditures.

KRG is currently lending money because of huge shortages because of the war.

$1 billion a month = $12 billion a year, maybe $10bln after costs.

$10 billion is nothing.

Iraq's GDP PPP estimate for 2015 is $560 billion.

56 times more.

biji kurd u kurdistan !!
Offline Profile Quote Post Goto Top
 
kurdishpatriot
Member Avatar
secular sheikh

we don't have only a 13 billion dollar gdp, oil doesn't comprise of all the gdp.
#PROMOTEWOMENRIGHTS
"shengal bo ezdi ya", Ezidi namerin, HATA ARAB NAMAYEN NEK SHENGAL!
"A society can never be free without women's liberation" - Abdullah Ocalan
Offline Profile Quote Post Goto Top
 
Worldwar2boy
Member Avatar


kurdishpatriot
Aug 5 15, 12:21
we don't have only a 13 billion dollar gdp, oil doesn't comprise of all the gdp.
I know, but it is the most important source of income for KRG at the moment.
biji kurd u kurdistan !!
Offline Profile Quote Post Goto Top
 
Worldwar2boy
Member Avatar


GDP PPP would be higher than the net income though, so it's not a fair comparison, but even still; KRG isn't making a lot of money. The economic growth is mainly the result of the KRGs attractive business laws, a lot of investment (foreign money) was put in Kurdistan, thats where most of the economic growth came from. People in Kurdistan should know about this, the rich people are mainly businessmen/women who profited from these foreign companies. Very little to do with oil.

biji kurd u kurdistan !!
Offline Profile Quote Post Goto Top
 
Hazirmagron
Member Avatar


Worldwar2boy
Aug 5 15, 12:00
ALAN
Aug 4 15, 12:39
PDK: "by blowing up Kirkuk-Cryhan pipeline PKK has made KRG a loss of $250 million within a week".

This means KRG sells $37 million of oil per day and this amount to $1.1billion a month.

WHERE IS THE FRIGGIN MONEY THEN PDK!!!???? WHERE IS TEACHER AND GOVT EMPLOYS INCOMES? WHERE IS PESHMERGA INCOME? Har boxotan ay ban! ter nabun bra narroooo..... Xatay ewa nya chunka milataka kwerana dwatan kawtun waku koyla....
You think $1.1 billion means net cash in KDP pockets? That's not how an economy works my friend.

Even after costs, the government has huge amount of expenditures.

KRG is currently lending money because of huge shortages because of the war.

$1 billion a month = $12 billion a year, maybe $10bln after costs.

$10 billion is nothing.

Iraq's GDP PPP estimate for 2015 is $560 billion.

56 times more.

Maybe you haven't heard of the snowball effect or investments. In a corrupt society where the leading parties have monopoly on whatever they wish and decides the allocation of the nations income means that those $1.1 billion can increase by a great lot for those officials. It is strange indeed how KRG still can't manage to give out salaries considering how much oil is being sold.
Offline Profile Quote Post Goto Top
 
ALAN
Member Avatar


Worldwar2boy
Aug 5 15, 12:00
ALAN
Aug 4 15, 12:39
PDK: "by blowing up Kirkuk-Cryhan pipeline PKK has made KRG a loss of $250 million within a week".

This means KRG sells $37 million of oil per day and this amount to $1.1billion a month.

WHERE IS THE FRIGGIN MONEY THEN PDK!!!???? WHERE IS TEACHER AND GOVT EMPLOYS INCOMES? WHERE IS PESHMERGA INCOME? Har boxotan ay ban! ter nabun bra narroooo..... Xatay ewa nya chunka milataka kwerana dwatan kawtun waku koyla....
You think $1.1 billion means net cash in KDP pockets? That's not how an economy works my friend.

Even after costs, the government has huge amount of expenditures.

KRG is currently lending money because of huge shortages because of the war.

$1 billion a month = $12 billion a year, maybe $10bln after costs.

$10 billion is nothing.

Iraq's GDP PPP estimate for 2015 is $560 billion.

56 times more.

Really? That is EXACTLY what KRG use to get from Iraqs 17% budget my friend, Iraq use to send $12 billion a year that's $1 billion per month, how is it that it was enouh then but not now? I tell you why bcos they were obliged to spend it on KRG employees, WWBOY you don't know better than Gorran MPs they are over there and they are picking on it like fruit pickers....

This is just OIL income, we don't even mention border incomes which are few 100 millions combined.

And you are talking to an accountant with advanced diploma so I know a thing or two about budget and its shortcomings.... Right now it seems like PDK is putting most of oil income into its accounts to use it as political gains against others, that's just my guess coz if you earn that much you should have caught up to your loans which by the way KRG has borrowed when it wasn't exporting its oil independnetly.... But it hasnt been borrowing now for the last 3 months, and the good thing about giving back loans is via instalments so KRG doesn't have to give all its oil income at once to the loans it borrowed previously.... $1.1 billion a month after exporting for the last 3 months is $3billion and $300 million, so say the $300 million went to the loan, there is still $3 billion left and we should have made close to $1 billion in border income as well....

Now we have to ask where is the money? KRG isn't BUYING weapons or ammo it gets them for FREE....

Teachers have still not received their income for 4 months, Govt employees same and KRG owes Peshmerga 2 months of income it didn't pay for May and June I think it was...

And FYI the KRG is no longer borrowing money since it has been exporting its own oil independently.
And I don't know why you mention Iraqs budget? I don't care neither should you.
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.
Offline Profile Quote Post Goto Top
 
Zagros
Member Avatar


KRG Exported Over 16 Million Barrels of Oil in July

Exports average 516,745 barrels per day

Hewlêr – The Kurdistan Regional Government (KRG) on Tuesday published the monthly oil export report for July 2015.

Exports reached 16,019,090 barrels of crude oil (an average of 516,745 barrels per day (bpd)) in the month of July through the Kurdistan pipeline network to the port of Ceyhan in Turkey.

Of this amount, fields operated by the KRG contributed 12,020,683 barrels (387,764 bpd on average), while fields operated by the North Oil Company (NOC) contributed 3,998,407 barrels (an average of 128,981 bpd).

In July, the KRG supplied SOMO in Ceyhan with 2,201,540 barrels (average of 71,017 bpd).

The statement from the KRG’s Natural Resources Ministry says it intended to deliver to SOMO a further 2 million barrels at the end of July but was unable to do so because of the interruption in the export pipeline.

“Due to circumstances beyond the KRG’s control, during July there were 111 hours of downtime for the export pipeline, which mostly occurred at the end of the month. At the time of writing, the pipeline was still down,” added the NMR statement.

In July, the KRG continued to increase its direct oil sales in Ceyhan to compensate the Region for the budget shortfalls from the federal government in Baghdad and to continue to pay down debts accumulated in 2014 from pre-payments for direct oil sales.

The KRG said it will continue to work with its counterparts in Iraq’s federal government to reach a resolution on all the outstanding issues of oil and gas as described in the joint statement of June 17, 2015 by the KRG’s Regional Council for Oil and Gas Affairs and the five political parties in the Kurdistan Regional Government.

http://www.basnews.com/en/economy/2015/08/05/krg-exported-over-16-million-barrels-of-oil-in-july/
Offline Profile Quote Post Goto Top
 
ALAN
Member Avatar


Oil: Kurdistan exported an average 516 thousand bpd in July

Posted Image

Hewlêr, Kurdistan (Rudaw) – The Kurdistan Regional Government (KRG) exported 16,019,090 barrels of crude oil, for an average of 516,745 barrels per day (bpd), in the month of July through the Kurdistan pipeline network to the port of Ceyhan in Turkey, the Ministry of Oil and Natural Resources said Wednesday in its monthly report.

“Of this amount, fields operated by the KRG contributed 12,020,683 barrels, or 387,764 bpd on average, while fields operated by the North Oil Company contributed 3,998,407 barrels, or an average of 128,981 bpd,” read the report.

The monthly report continued: “In July, the KRG supplied SOMO [Iraq’s State Organization for marketing of Oil] in Ceyhan with 2,201,540 barrels, an average of 71,017 bpd. The KRG intended to deliver to SOMO a further 2 million barrels at the end of July but was unable to do so because of the interruption in the export pipeline.”

Due to unforeseen circumstances, during July there were 111 hours of downtime for the export pipeline, occurring mostly occurred at the end of the month.

“At the time of writing, the pipeline was still down,” the report said.

In July, the KRG continued to increase its direct oil sales in Ceyhan to compensate the for the budget shortfalls from the federal government in Baghdad and to continue to pay down debts accumulated in 2014 from pre-payments for direct oil sales.

The KRG will continue to work with its counterparts in Iraq’s federal government to reach a resolution on all the outstanding issues of oil and gas as described in the joint statement of June 17 by the KRG’s Regional Council for Oil and Gas Affairs and the five political parties in the KRG.

Kurdish and Iraqi officials signed an agreement last year by which Hewlêr would sell 550,000 barrels of oil per day and in return for its 17 percent share of the national budget.

Even so, Prime Minister Nechirvan Barzani claimed after a June 17 meeting with Kurdish political parties, that the KRG can directly export its oil to world markets without going through Baghdad.

http://kurdishdailynews.org/2015/08/05/oil-kurdistan-exported-an-average-516-thousand-bpd-in-july/
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.
Offline Profile Quote Post Goto Top
 
ALAN
Member Avatar


According to our minister's statement that by blowing up the pipeline KRG lost $250 million within a week, that means KRG can EASILY pay the employees 2 months income out of oil sales from exporting the oil, let's assume the pipeline was shut down for only 5 days bcos one month of KRG employees income is $1.5 million....

So either the minister is talking rubbish or there is a MASSIVE corruption going on here...
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.
Offline Profile Quote Post Goto Top
 
ALAN
Member Avatar


KRG OIL EXPORTS DROP IN JULY

Posted Image

SULAIMANI – The Kurdistan Region’s crude exports through the Ceyhan pipeline network were down in July over the previous month, falling to 516,745 barrels per day (bpd) according to a monthly report released Tuesday.

The region’s Ministry of Natural Resources (MNR) said total exports in July reached over 16 million barrels, dropping by more than one million barrels from the total 17,130,639 reported in June.

Fields operated by the Kurdistan Regional Government (KRG) contributed an average of 387,764 bpd in June, while the North Oil Company (NOC) provided 128,981 bpd on average.

The KRG’s transfers to the Iraqi State Organization for Marketing Oil (SOMO) in Ceyhan continued to drop in July, with just over 2.2 million barrels transferred during the month.

The ministry’s statement said the KRG had intended to transfer an additional 2 million barrels at the end of the month, but could not because of an “interruption in the transport pipeline.”

Fighters from the Peoples’ Defense Forces (HPG), the armed wing of the Kurdistan Workers’ Party (PKK), claimed responsibility for a series of attacks on the pipeline that halted the flow of crude at the end of July.

Kurdish officials stated the KRG lost an estimated $250 million as a result of the attacks.

The KRG continued independent sales of oil in July to make up for its budget deficit but the MNR said it would “continue to work with its counterparts in Iraq’s federal government to reach a resolution on all the outstanding issues of oil and gas.”

Kurdish officials maintain that Baghdad has not sent Hewlêr its agreed upon 17 percent of the federal budget under a December 2014 agreement, and Iraqi officials have likewise accused the KRG of not abiding by its commitment to transfer enough crude oil to SOMO.

http://www.nrttv.com/EN/Details.aspx?Jimare=3353
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.
Offline Profile Quote Post Goto Top
 
1 user reading this topic (1 Guest and 0 Anonymous)
ZetaBoards - Free Forum Hosting
Enjoy forums? Start your own community for free.
Learn More · Sign-up for Free
Go to Next Page
« Previous Topic · Oil & gas development news · Next Topic »

Find more great themes at the Zathyus Network Resources