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South Kurdistan oil & gas development
Topic Started: Nov 17 12, 1:25 (649,133 Views)
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KRG Oil Exports Earn Over $550 Million in March

Sunday, 03 April 2016 22:15

shafaq news / The Kurdistan Regional Government (KRG) published its monthly report on its oil export volumes through the KRG-Ceyhan crude oil pipeline, crude oil cargoes

lifted from Ceyhan by the buyers and the revenues received on account by KRG during March 2016.

According to the report, KRG has exported 10,148,487 barrels of crude oil (an average of 327,371 barrels per day (bpd)) in the month of March through the Kurdistan pipeline network to the port of Ceyhan in Turkey.

KRG received $557,272,177 on account in March (including $350,000,000 in loans and prepayments) from its crude oil exports, out of which $36,014,177 were allocated to the producers, reads the report.

“$4,258,000 were authorised and paid to Biwater Ltd on behalf of the Ministry of Municipalities and Tourism.”

Due to the conflicts and circumstances that occurred within the Turkish territories, there were approximately 12 days of downtime for the KRG's export pipeline. “This was the continuation of the downtime period that started in the middle of February.”

http://english.shafaaq.com/business/17588-krg-oil-exports-earn-over-$550-million-in-march.html
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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.
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Kurdistan to export oil through Iran

Hewlêr, Kurdistan Region - The Kurdistan Regional Government (KRG) will start exporting oil through Iran as part of an agreement due to be signed in a months time, a Kurdish official told Rudaw on Tuesday.

“A delegation from the KRG Ministry of Natural Resources met with Iran’s Ministry of Oil for talks on exporting Kurdistan’s oil through Iran,” said Abdullah Akreyi, head of Iran-KRG relations in Kurdistan’s Department of Foreign Affairs.

“There is a month left for final agreement between the two sides,” Akreyi added.“Talks about exporting Kurdistan’s oil through Tabriz and Kermanshah provinces are progressing and in the final stage with only one month left for both sides to sign the agreement."

Akreyi expects that the anticipated meeting will be held in the Kurdistan Region’s capital Hewlêr.

In late March representatives of the Kurdistan Region in Tehran said talks about exporting the Kurdistan Region's oil through Iran will be resumed with the Islamic Republic of Iran after the Newroz holidays.

Nazim Dabagh, the representative of the KRGs office in Tehran, said that talks with Tehran have yet to reach a consensus.

After sanctions against Iran were lifted the Kurdistan Region began to think about the prospect of exporting oil through Iran.

Dabagh says the oil pipeline will be placed in Iran for exporting oil without revealing further details on the number of barrels that will be exported per day.

http://rudaw.net/mobile/english/business/05042016
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.
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https://www.youtube.com/watch?v=tluIrIohwnA
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.
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Should have done it from the start....

Iranian delegation expected in Hewlêr as both sides eye oil export partnership

Hewlêr, Kurdistan Region – The landlocked Kurdistan Region could open a second oil export route through Iran and into the Persian Gulf, if talks due this month in Hewlêr with an Iranian delegation shift into high gear.

Both Tehran and the Kurdistan Regional Government (KRG) – whose exports currently are routed through a pipeline from the oil city of Kirkuk to the Mediterranean port of Ceyhan in Turkey – are keen on moving forward with Kurdish oil going to Iran.

“Over the past two years, there have been talks on how to export oil to Iran,” Abdulla Akreyi, who is in charge of Iranian affairs at the KRG’s Foreign Relations Department, told Rudaw English.

“The Iranians have frequently told us that they are ready to import Kurdish crude and process it at the refineries in Kermanshah or Tabriz,” he said. “In return, they are ready to export gas to Kurdistan,” he explained.

“We have also discussed constructing pipelines, but these are only under discussion,” he said, adding that the idea is to export Kurdish oil through Iran’s oil terminals on the Persian Gulf.

Akreyi and the Iranian Consul General in Sulaimani, Saadullah Masoudi, confirmed to Rudaw English that a senior oil delegation from Tehran will arrive in Kurdistan sometime this month, for discussions on how to begin with oil exports.

Masoudi, the Iranian consul in Sulaimani, told Rudaw in an interview that Iran’s offer to take in Kurdish oil was made last October, during a visit to Tehran by Kurdish Prime Minister Nechirvan Barzani.

“In several meetings we have proposed to Kurdistan Region officials to export their oil via pipelines through Iranian soil and to the Gulf,” Masoudi said.

“Iran’s larger companies have the ability to implement such a project and it only depends on the determination of the two sides,” he added.

Akreyi acknowledged that, “exporting oil to Iran is very crucial to us. It’s very important to export oil to international markets rather than having only one route.”

The KRG had largely distanced itself from its powerful Shiite neighbor to the east, which gained unprecedented influence in postwar Iraq. But now, critics say that KRG must find a second route to export its crude oil and natural gas.

Having only one export route has meant that, whenever the Ceyhan pipeline is shut, the KRG loses money.

Over the past several months, at least three major incidents have temporarily disrupted export of Kurdish oil through the newly constructed pipelines to Ceyhan, after Hewlêr started to sell its 650,000 barrels per day oil (bpd) independent of Baghdad in July 2015. The last disruption was in March.

The stoppage, for reasons that reportedly include sabotage by Turkey’s outlawed Kurdistan Workers’ Party (PKK) has cost Hewlêr tens of millions of desperately needed dollars, at a time when it is facing a severe financial crunch and fighting a war with the Islamic State (ISIS).

Nazim Dabagh, the KRG’s representative in Tehran, has said that Iran has offered cash loans to cash-strapped Hewlêr in return for stakes in Kurdish oil.

But there is a large fly in the ointment: Iraq’s central government.

Baghdad has opposed independent oil sales by Kurdistan, insisting that all crude sales be carried out by its own State Oil Marketing Company (SOMO). The exports to Ceyhan have been rife with problems created by Baghdad.

“I don’t think Iran will go ahead with an oil deal with the KRG without Baghdad’s approval,” said Ibrahim Mohamed Bahr al-Uloom, a former Iraqi oil minister who is currently a member of the Iraqi parliament’s Oil and Gas Committee.

But he noted that the clerical government in Tehran carries a lot of clout with the Shiite government in Baghdad.

“I expect Iran will take care of the relations between the KRG and Baghdad,” the former oil minister said. “The Iranians will presumably work out all the details of an oil deal with Baghdad, so that things go right,” he added.

Sherko Jewdet, an MP in the Kurdistan parliament and a member of its energy committee, said he believed that – if Tehran and Hewlêr are both keen on an oil deal -- Baghdad is unlikely to succeed in blocking it.

“I believe that both Iran and the KRG are willing to negotiate together, and they are closer than ever. But things depend on whether this can be translated into a real partnership that is beneficial to both sides.

“If that happens, I don’t believe that Baghdad will be able to take a hard stand against the deal, just as it failed to do on the agreement between the KRG and Turkey.

Any oil agreement between Tehran and Hewlêr will not only raise eyebrows in Baghdad; the United States also remains opposed to any deals that raise the profile of Iran, its arch regional enemy.

The Kurdistan region has an estimated 45 billion barrels of oil reserves, which it administers largely independently of Baghdad. Apart from a 50-year-long oil deal with Ankara, Hewlêr will from 2017 be a major exporter of natural gas to Turkey.

http://rudaw.net/mobile/english/kurdistan/130420163
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.
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Yeah i heard the civil servants got paid....

KRG Oil Exports Earn Over $550 Million in March

Sunday, 03 April 2016 22:15

shafaq news / The Kurdistan Regional Government (KRG) published its monthly report on its oil export volumes through the KRG-Ceyhan crude oil pipeline, crude oil cargoes

lifted from Ceyhan by the buyers and the revenues received on account by KRG during March 2016.

According to the report, KRG has exported 10,148,487 barrels of crude oil (an average of 327,371 barrels per day (bpd)) in the month of March through the Kurdistan pipeline network to the port of Ceyhan in Turkey.

KRG received $557,272,177 on account in March (including $350,000,000 in loans and prepayments) from its crude oil exports, out of which $36,014,177 were allocated to the producers, reads the report.

“$4,258,000 were authorised and paid to Biwater Ltd on behalf of the Ministry of Municipalities and Tourism.”

Due to the conflicts and circumstances that occurred within the Turkish territories, there were approximately 12 days of downtime for the KRG's export pipeline. “This was the continuation of the downtime period that started in the middle of February.”

http://english.shafaaq.com/business/17588-krg-oil-exports-earn-over-$550-million-in-march.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.
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Gulf Keystone shares crashed, needs $71 mln to maintain South Kurdistan oil field

Posted on April 14, 2016 by Editorial Staff in Oil & Gas, Stock Exchange

LONDON,— Some US$71mln is needed to maintain production of 40,000 bopd at Shaikan, whereas it’ll cost US$88mln to grow output – then there’s the matter of a US$575mln debt due next year.

Gulf Keystone Petroleum Ltd (LON:GKP) shares crashed on Thursday after the cash strapped Kurdistan oil producer revealed output from the Shaikan field would go into decline without new investment.

The company said it would need to spend US$71mln on the field in order to maintain production at 40,000 barrels of oil per day, and to grow production to 55,000 bopd, as previously targeted, a capital investment of US$88mln would be needed.

On Tuesday, the company told investors it had US$69.5mln of cash following receipt of the latest payment from the Kurdistan Regional Government.

The company’s financial position is under the weight of debts amounting to US$575mln which are due to mature next year, and have US$26mln coupon payments due this month.

In today’s statement Gulf Keystone said would exercise a ‘grace period’ under its debt arrangement, which will set back the April 18 coupon payment to early May.

Gulf Keystone said the announcement was intended to ‘build a common foundation’ ahead of stakeholder discussions regarding its need for a near-term fundraising, as well as the company’s upcoming debt obligations and a possible restructuring of its balance sheet.

Jón Ferrier, Gulf Keystone chief executive, said the aim is to ensure an orderly market, and said the investor update was an important step as the company embarks on stakeholder discussions.

“We are working to achieve the best possible way to restructure our balance sheet,” he said in a statement.

“Addressing our funding needs will ensure the company’s longer term future and ability to continue developing the Shaikan field for the benefit of all our stakeholders.”

Gulf Keystone shares lost 2.48p, 35.4%, to trade at 4.52p each. At that level the group’s equity is worth just over £44mln.

Providing detail regarding operations at Shaikan, the company said that three electric submersible pumps will have to be installed into existing production wells in order to maintain production at 40,000 bopd. And to increase output to 55,000 bopd an additional production facility would need to be built.

It is expected that the capital investment would take place in the second half of 2016, assuming such funding can be secured.

These scenarios are anticipated as interim measures ahead of a further phase of Shaikan’s field development, which must be agreed with the authorities in Kurdistan.

The company also noted that its general and administration costs for 2016 are expected to be US$19mln.

By Jamie Ashcroft
http://www.proactiveinvestors.co.uk/companies/news/124802/gulf-keystone-petroleum-needs-us71mln-to-maintain-shaikan-output-shares-collapse-124802.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.
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Gas project brings big benefits to Kurdistan

6/4/2016 19:23:00

A $1.2 billion investment by UAE‌s Dana Gas and Crescent Petroleum in the Kurdistan region of Iraq has enabled fuel cost savings of $16 billion to the region and yielded further downstream economic benefits of $10 - 15 billion, a report said.

Dana Gas and Crescent Petroleum have announced the findings of the ‘Socio Economic Benefits Report‌ undertaken by PwC on the impact of their combined investment in their gas project in the Kurdistan Region of Iraq in partnership with their Pearl Petroleum Consortium partners.

The consortium‌s total investment of over $1.2 billion thus far in the development of Kor Mor and Chemchemal fields represents one of the largest private sector investments in Iraq‌s oil and gas sector, enabling 1,750 MW of affordable electricity supply for millions of people in the Kurdistan Region.

It is also achieving over $3.4 billion of recurring annual savings in fuel costs for the Kurdistan Regional Government (KRG) for power generation, totaling close to $16 billion in savings from the start of production in 2008 calculated until the end of 2014. From an environmental perspective as well, the reduction of greenhouse gas emissions as a result of using cleaner natural gas at the power stations is valued at about $300 million per year.

The report also estimates that the Gas Project has, as a result of increased availability of electricity, enabled additional private sector investment in the KRI of over $30 billion with resulting significant GDP growth. The downstream economic impact is estimated by the report at between US$ 9.6 billion to $15.5 billion (40 per cent - 66 per cent of the 2011 GDP of KRI).

Majid Jafar, CEO of Crescent Petroleum and Board managing director of Dana Gas, said: “We are proud that our investment and project have brought such important benefits to the government and people of the Kurdistan Region, in particular through fuel cost savings for affordable electricity and the additional investments and economic benefits that this has enabled. This professional report by an internationally reputed consulting firm has quantified these benefits, and we hope to expand our investments and production under our contract going forward for the benefit of the people of Kurdistan Region and all of Iraq.”

Patrick Allman-Ward, CEO of Dana Gas, added: “Despite the challenges we have faced including with payments, we have demonstrated our unwavering commitment to the Kurdistan Region and the KRG as a long-term partner through our continued operations and production, and we hope to build upon this in the years to come. The gas resources we have proven up through our appraisal have significant potential for further growth potential as well.”

As joint operators of the Khor Mor Field on behalf of the Pearl Consortium, Dana Gas and Crescent Petroleum are currently producing an average of 84,000 barrels of oil equivalent (boe) per day including 340MMscfd of natural gas as well as condensates and LPG, with total cumulative production of over 150 million boe to date since continuous production began in October 2008.

Major technical achievements of the companies‌ operations include: installing a 180km high pressure gas transmission pipeline across challenging mountainous terrain that required the clearing of minefields; first gas production after only 16 months; drilling successfully to tertiary reservoir formations at depths of 2,300 metres, and importing and installing over 64,000 tonnes of equipment transported internationally by sea, air and land with over 3,500 truck-loads, including the state-of-the-art gas processing plant imported from the US.

During the project‌s construction phase, work was provided to over 2,000 Iraqi workers from all ethnic groups and sects, supported by expatriate workers of over 20 nationalities from the region and worldwide. The companies have successfully implemented a nationalisation program, and already achieved the target of 80 per cent local staff in their operations workforce, while currently implementing a major training program for local staff.

Crescent Petroleum and Dana Gas have also implemented a corporate social responsibility program to support local communities, including providing school supplies, drinking water treatment, generators and fuel enabling 24 hour electricity for nearby villages, mobile medical units, and youth sports facilities, as well as financial support for 1,000 orphans from the Chemchemal area in partnership with the Barzani Charity Foundation.

These initiatives are assisting the local communities in improving their standard of living, health, well-being, security and stability and the development of human capital in the Kurdistan Region.

The report concludes that this investment has and will continue to make a significant contribution towards the KRG‌s economic and social development, in support of the Kurdistan Regional Government‌s strategic policy and development priorities at regional, national and international levels.

PUKmedia GDN Online
http://www.pukmedia.com/EN/EN_Direje.aspx?Jimare=37894
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.
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Kurdish MP urges systemization of oil sector

Hewlêr — Monitoring and control over the oil sector must be established before reforms are carried out, a senior member of the Kurdistan Parliament said on Wednesday (April 27).

Speaking at the 2016 MERI Economic Forum in the Kurdistan Region’s capital, Hewlêr, Sherko Jawdat, chairman of the parliament’s Committee for Oil and Gas urged for the Kurdistan Regional Government (KRG) to systematize the energy sector in order to implement reforms.

“Oil is an opportunity and a blessing, but it’s the country that makes this a blessing, or a curse,” Jawdat said, adding that consultations with experts and advisors would be key to reform the sector.

According to him, the Kurdistan Parliament had plans to establish four national oil companies and was in the process of passing legislation before entering the current period of recess.

Lawmakers have been in recess since October 2015, when the Parliament Speaker was blocked from entering Hewlêr.

Jawdat urged for an end to political infighting and for parties to work together to establish systems to monitor and control the oil sector, as well as corruption.

“If you do not combat corruption, then all these efforts will go to waste,” he said. “Fighting corruption must be systematized.”

“The solutions are clear, crystal clear, but there is no environment where we can implement solutions,” Jawdat added.

http://www.nrttv.com/EN/Details.aspx?Jimare=6548
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.
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KRG oil exports in April generated over $376 million

Hewlêr - The Kurdistan Regional Government (KRG) earned over $376 million USD in April from oil exports to Ceyhan, the Ministry of Natural Resources (MNR) reported on Thursday (May 5).

The MNR released its monthly report stating 15,356,651 barrels of crude oil were exported last month at an average of 511,888 barrels per day (bpd).

According to the report, the KRG received more than $317 million USD directly, while the remaining $58,895,901 million USD was allocated to producers.

The MNR said one cargo of 1,025,828 barrels of oil was allocated to a contractor.

"One cargo of 1,025,828 barrels of oil was allocated to contractor no. 3 against its 2015 prepayments, so no new payment was payable against this cargo."

The MNR referred to a 7 hour downtime during the month at the pipeline which transfers the KRG's crude oil to the port in Ceyhan.

The Kurdistan Regional Government (KRG) earned over $557 million USD in March from oil exports to Ceyhan.

The pipeline, which the KRG has come to rely on significantly to generate an income, transfers an average of 600,000 bpd from the Kurdistan Region and Kirkuk oilfields.

(NRT)

http://www.nrttv.com/EN/Details.aspx?Jimare=6666
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.
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Fulcrum read this

http://www.radionawa.com/kum/view.aspx?n_=39359&m_=1
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.
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That should never happen! What a joke! Especially at a time like this!
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Kurdistan-Iran still await Baghdad’s endorsement for proposed pipeline

Hewlêr, Kurdistan Region – A proposed pipeline to export Kurdish oil through Iran still has not received an endorsement from the Iraqi government, an Iranian consular official said.

Ali Panahi, the Iranian deputy consul in Sulaimani, told Rudaw that negotiations are still ongoing about the proposed pipeline, which could help export up to 250,000 barrels of Kurdish oil per day (bpd) to Iran’s southern coasts for shipping to international buyers.

“Iraq has not given the green light to approve the project,” Panahi said, referring to construction of the pipeline.

Iranian officials announced earlier this year that Tehran had offered the Kurdistan Regional Government (KRG) access to the Persian Gulf for export of its crude oil, after a series of disruptions halted the shipment of Kurdistan’s oil through the Turkish Ceyhan port on the Mediterranean coast.

Critical voices in the Kurdistan Region have recently grown louder concerning the KRG’s long-term energy deals with Turkey, urging the government to find an alternative route to export its crude oil and natural gas.

“In case of any conflict with Turkey, whether military or political, Kurdistan will manage if it has access to a second export route,” an Iraqi Kurdish MP in Baghdad told Rudaw. “Kurdistan should not depend solely on Turkey for its oil export,” he added.

Starting next year, Hewlêr also looks to becoming a major exporter of natural gas to Turkey.

The Kurdistan Region has an estimated 45 billion barrels of crude oil reserves, which it administers largely independently of Baghdad.

There is also between 10 to 20 billion barrels of oil outside the Kurdistan Region in the so-called disputed territories that are predominantly Kurdish. Since 2014, these territories have been patrolled by the KRG’s Peshmerga forces, including oil wells in Kirkuk and several fields in the Nineveh Plains.

“There is an understanding between the KRG and Iran regarding the oil pipeline which is not signed yet,” the KRG representative in Tehran, Nazim Dabbagh, told Rudaw. “The Kurdistan Region needs to approve it before Iran signs the deal.”

He said Baghdad had showed willingness to support the project if the oil export to Iran also included Kirkuk’s oil production, which is currently being exported to Ceyhan.

“Iraq will have no problem with the project if also the oil from Kirkuk is sent to Iran through that pipeline,” Dabbagh said, referring to Iraqi concerns over the pipeline.

Containing nearly 10 percent of Iraq’s 140 billion barrels of oil reserves, Kirkuk has been in the spotlight for much of the last century, after the oil discoveries were first made there in the late 1930s.

According to the KRG oil ministry, over 15 million bpd was exported to the Ceyhan port in April, which also included oil from Kirkuk.

http://rudaw.net/mobile/english/business/17052016
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.
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Iranian Mullahs so desperate to force Kurdistan staying part of Iraq if you care so much about Iraq go annex Iraq onto Iran and do us both a big favour and all problems solved.... Kurds are going for referendum Iranian Mullahs it's game over for Baghdad....
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.
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South Kurdistan oil minister’s ex-wife Chra Rafiq denies corruption allegations

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South Kurdistan oil minister Ashti Hawrami’s wife Chra (Chrakhan) Rafiq. Photo: Rudaw

Posted on May 18, 2016 by Editorial Staff in 1 Top News, Corruption, Oil & Gas

GERMANY,— Chra Rafiq, the “businesswoman” in the oil industry, denied on Tuesday allegations over corruption and misuse of public funds and said she is ready to appear in court over such “propaganda.”

The acting president Barzani issued a detention order on Tuesday for Rafiq, the former wife of Ashti Hawrami, the Kurdistan Region’s Minister of Natural Resources (MNR), according to the official website of the Kurdistan Democratic Party (KDP).

Rafiq, who is a dual Iraqi and German citizen, told NRT she will prove in court she is not guilty of misuse of public property.

“I am not a corrupt person,” Rafiq told NRT. “I hope Barzani will listen to what I have to say because he is not aware people want to smear me.”

“I am not in charge of people’s livelihood,” she added. I have been working since my childhood until now to become wealthy and I own two companies.”

South Kurdistan Region’s current minister of Natural Resources Ashti Hawrami, who is routinely accused of corruption by international observers and Kurdish officials.

Last January the Kurdish authorities reportedly have seized some $250 million belonging to Chra Rafiq, the Wusha newspaper reported. Rafiq has not been officially accused of having committed any crime although she reportedly left the Kurdistan Region for Turkey upon the announcement of an impending investigation.

The KDP’s official website said a detention order was issued for Rafiq as part of The acting president Barzani’s reform plan to fight corruption. Rafiq is currently abroad.

Kurdish security forces detained a number of officials accused of corruption, misuse of power and mismanagement of public funds in the city of Duhok on April 26, but have been released on bail a day later.

On April 13, Hewlêr police said the head of the Central Bank in the Kurdistan Regional Government (KRG), Adham Karim, and his deputy, Ahmed Khidir, were arrested due to a court decision.

Many observers believe that many of the oil industry projects in South Kurdistan are conducted in a non-transparent way. Some have even described them as secretive.

Massoud Barzani has been accused by critics of amassing huge wealth for his family instead of serving the population. Barzani’s son is the Kurdistan region’s intelligence chief and his nephew Nechirvan Barzani is the prime minister.

One of the most sensitive subjects is the Barzanis’ involvement in the economy of the oil rich Kurdish region.

According to Iraqi and industry officials familiar with the account, more Kurdish oil is exported through the Ceyhan terminal than the Kurdistan Regional Government (KRG) declares.

Until now no one has been sentenced in South Kurdistan over corruption.

http://ekurd.net/chra-rafiq-denies-corruption-allegations-2016-05-18
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.
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https://www.youtube.com/watch?v=oR8_NHcINxs
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.
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ALAN
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https://www.youtube.com/watch?v=GOLXotz6B18
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.
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Update: Bazian refinery - Sulaimani

The refinery is currently one of two refineries in the Kurdish region, consistently producing refined petroleum products of the highest order. This remarkable growth and productivity has enabled Qaiwan to expand the refinery and increase its output to 34,000 barrels a day. Located 25 km from Sulaimani, the refinery is currently one of only two refineries in the Kurdistan region and produces 34,000 barrels a day. Bazian Oil Refinery is currently undergoing an expansion programme, to increase its capacity to over 80,000 barrels a day by 2018.

In 2009, Qaiwan and its subsidiary company BezhanPet Co took over operation of the Bazian Oil Refinery. Enlisting the assistance of international industry experts and incorporating a range of innovative technological enhancements enabled Qaiwan to grow the Bazian Oil Refinery to become an efficient refinery, producing high quality refined petroleum products. To ensure the refinery can continue to function at optimum efficiency as its operations grow, Qaiwan is currently designing a 120 kilometre pipeline. Running directly from the oil fields to the refinery, once completed, it will be capable of carrying 125,000 barrels a day.

In Qaiwan Group’s timeline, 2009 marks an important alliance. It was then that Qaiwan & BezhanPet overtook operations of Bazian Oil Refinery in the Suleymanie region. With the help and guidance of international expertise the refinery was turned into one of Iraq’s most efficient refineries.

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http://www.bezhanpet.net/
http://www.qaiwangroup.com/refinery


Rudaw video report

http://rudaw.net/sorani/onair/tv/episodes/episode/made_in_kurdistan_02062015
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.
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kurdishpatriot
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secular sheikh

Iran And Turkey Court The KRG For Oil

Two years ago, while Kurdish oil was flowing to Turkey’s port of Ceyhan, Iran and the Kurdistan Regional Government (KRG) signed a natural gas-for-oil agreement that included the construction of two pipelines between the territories. According to the agreement, the regional government would receive between 3 million and 4 million liters of refined oil fuel and natural gas in return for crude oil. The first pipeline would carry oil from Kurdish territory to Iran and Iran would refine and then return the oil. Moreover, Iran would send natural gas to KRG cities such as Sulaimani and Hewlêr. At the time of the agreement, ISIS was attacking Iraqi territory and threatening Iraqi oil resources; Iran was under international sanctions, and Bagdad was opposing the export of stored Kurdish oil from Turkey's port of Ceyhan, claiming that the KRG was violating Iraq's constitution.

Shortly after the ISIS invasion of Mosul, Iraq’s second biggest city, it was announced that a tanker had delivered a cargo of disputed Kurdish crude oil from Ceyhan to Israel, despite threats by Bagdad to take legal actions against buyers and Turkey. The oil money paid to Turkey's Halkbank remained blocked until Hewlêr and Bagdad had reached an agreement over the export of KRG oil. Iran considered the 2014 ISIS attack, which brought the jihadists close to the KRG’s capital, a great opportunity. Iran used the ISIS threat to supply weapons and ammunition to KRG forces, which mean that the KRG continued to meet with the Iranian leadership and negotiate to buy Iranian gas and have Kurdish oil refined across the border.

Since 2012 KRG has sent its oil to Turkey's port by trucks and extended the Kirkuk-Ceyhan oil pipeline. However, due to internal conflicts in Turkey between Turkey's military forces and the PKK terrorist group, the Kirkuk-Ceyhan pipeline was halted several times. Moreover, the KRG’s leader Barzani faced a challenge from acting PKK leader, living in the KRG area, Cemil Bayik. Bayik remains hostile to Ankara-Erbil energy relations and favors an alignment with Tehran. When the KRG was having financial problems due to the halting of the Kirkuk-Ceyhan pipeline and Bagdad’s refusal to send KRG’s share of oil income, the Iranian diplomat in Kurdistan offered the Kurdish government access to the Persian Gulf for export of its crude oil. In addition to that, Iran has agreed to grant cash loans to the KRG in return for stakes in the Kurdish oil.

In February the KRG accepted a deal from Bagdad that would have halted the Kurds unilateral oil exports in exchange for Bagdad paying its public employee salaries. However, the KRG’s leader, Barzani, called for foreign powers to provide financial aid for the Peshmerga, the Kurdish military forces, in their fight against ISIS. First, Turkey sent $200 million to help Kurds who were hit hard by the oil pipeline export stoppage. Then, the United States decided to provide $415 million in aid to KRG forces in April 2016. Both Turkey and the United States aimed to cut the close relationship with the KRG and Iran by strengthening the KRG’s economy. Nevertheless, a Kurdish delegation has visited Tehran seeking a deal to export its oil and gas to Iran on April 5th, 2016. The KRG representative expressed that Iran has a willingness to extend its gas pipeline to export and import gas from the Kurdistan region. If a pipeline between the KRG and Iran is finalized, the new pipeline would bring the KRG one step closer to the financial independence it seeks, but it would cause problems between Turkey, Israel and the KRG.

One pipeline under consideration would originate near the Taq Taq field and cross the Iranian border, north of Lake Dukan, while the second pipeline under consideration would run fromthe Khor Mor field to Khanagin, which is also close to the Iranian border. The Taq Taq field is operated by UK-based Genel Energy, which has Turkish share-holders, while the Khor Mor gas field is operated by Dana Gas. Moreover, six blocks belong to Turkish state company and several blocks to other Turkish private energy companies in the Kurdistan region. If an oil pipeline and a natural gas pipeline were to be finalized between the KRG and Iran, Turkey would lose its control over Kurdish oil production and its natural gas export option.

In May 2016, the KRG and Iran delegations met again and expressed that they are close to signing an agreement to start exporting oil from Kurdistan region to Iran. The difference between the KRG-Iran energy relations and the KRG-Turkey relations is that Iran is seeking federal approval for a possible route from Kurdistan to Iran. An Iranian official in Sulaimani stated that "a pipeline is still at the discussion stage”, as Baghdad had not given the green light to approve the project. Therefore, Iran aims to establish energy relations with the KRG whereas Turkey does not.

On the other side, Iraq will begin importing Iranian natural gas starting in late June 2016. If Iran and the KRG reach an agreement to build oil and natural gas pipelines, the new geopolitical development will be a challenge for Turkey and Israel. Turkey may lose its domination over Kurdish energy sector, and Israel will have to seek new oil resources instead of importing Kurdish oil from the Ceyhan port. From the KRG’s point of view, in case of any conflict with Turkey, whether military or political, a second export route would mean that Kurdistan was no longer dependent on Turkey for its oil exports.

By Tugce Varol for Oilprice.com

http://oilprice.com/Geopolitics/Middle-East/Iran-And-Turkey-Court-The-KRG-For-Oil.html
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ALAN
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After Erdogan blocked the export of KRG oil, PDK realized their so called "50 years oil deal" with turks were stupid, now they are trying to compensate it by trying to convince Iran for another route.... should have done this from the start, this is why you never put all your balls into one basket.
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.
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ALAN
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https://www.youtube.com/watch?v=LhPNvr6xZpE
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.
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Gulf Keystone’s lenders extended leeway to the South Kurdistan oil firm

Posted on June 14, 2016 by Editorial Staff in Oil & Gas

LONDON,— In addition to its debt situation, Gulf Keystone also requires new capital to invest in its operations in the Shaikan field.

A group of Gulf Keystone Petroleum Limited’s (LON:GKP) lenders have further extended leeway to the South Kurdistan oil firm as it continues to work on a restructuring deal.

The lenders, which represent a ‘significant portion’ of debt holders (albeit less than 75%), have extended a previously in place ‘standstill’ agreement until July 1.

It means those lenders won’t vote in any resolution to call the immediate repayment of the bonds.

Gulf Keystone has some US$575mln of debt, much of which is due next year, and it has not made an interest payment which was due in April.

In addition to its debt situation, Gulf Keystone also requires new capital to invest in its operations in the Shaikan field, which will otherwise see production fall into decline.

A US$71mln injection would allow production to be maintained at 40,000 bopd, whereas a larger investment of US$88mln would enable growth up to 55,000 bopd.

By Jamie Ashcroft
Copyright ©, respective author or news agency, proactiveinvestors.co.uk

http://ekurd.net/gulf-keystone-lenders-extended-2016-06-14
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.
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MNR now wants to hand back control of SK oil to SOMO in return for $1billion a month Thumbs down :smachhead:

https://www.youtube.com/watch?v=LtS244l5GWM

KRG ready for new oil deal with Baghdad in return for $1 billion a month

The Kurdistan Regional Government (KRG) is ready to strike an agreement with the central government in Baghdad on a deal to increase oil exports, if it guarantees the region a monthly revenue of $1 billion (707.26 million pounds), a spokesman for the (KRG) said.

KRG spokesman Safeen Dizayee said in an interview in the Iraqi Kurdish capital Hewlêr on Tuesday that the Kurdish authorities would be willing to sell the oil through Baghdad if they get a share from the federal budget amounting to a $1 billion a month.

"If Baghdad comes and says ok, give me all the oil that you have and I'll give you the 17 percent as per the budget, which equals to one billion, I think, logically it should be the thing to accept," he told Reuters, specifying later that the amount referred to a monthly payment in dollars.

"Whether this oil goes to the international market or first to Baghdad and then to the market, it doesn't make any difference," he said. "We are ready to enter dialogue with Baghdad."

The KRG stopped delivering crude oil to the central government a year ago, a decision taken when Baghdad's payment fell under $400 million a month, according to Dizayee.

The Kurdish region exported an average of 513,041 barrels in May through the pipeline to Turkey, generating about $391 million, of which about $75 million was paid to oil companies that produce the crude, according to KRG official estimates.

"The companies have been assured that certain amounts will be made on a monthly basis," said Dizayee, referring to the three foreign oil producers in the KRG region - DNO (DNO.OL), Gulf Keystone (GKP.L) and Genel (GENL.L).

"We have started to pay some of it, at least it has rebuilt that confidence between the government and the IPCs (oil companies)," he said, referring to arrears owed to the companies.

The KRG in February said it will be paying international oil companies in 2016 according to the terms of their contracts, after making ad-hoc payments last year.

The foreign operators have been reluctant to invest and further develop assets in the region without the promise of regular payment, while the cash-strapped KRG needs production to increase as it struggles to avert an economic collapse.

http://www.kurdpress.ir/En/NSite/FullStory/News/?Id=13477
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.
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One of the oil fields in SK

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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.
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Kirkuk threatens to halt oil exports to Baghdad

Hewlêr, Kurdistan Region—The Iraqi ministry of oil takes 50,000 barrels per day (bpd) of Kirkuk oil from the Khabaza oilfield but has failed to send to the province its portion of the budget. The Kirkuk administration has, therefore, threatened to cut Baghdad’s share of its oil and will sell crude oil to some companies to pay debts to these companies.

“Daily 50k bpd of oil from Kirkuk is sent to Baghdad and the rest of the produced oil is saved underground in the oilfields,” said Ahmed Askari head of the oil and gas committee in the Kirkuk provincial council. “Baghdad owes us about $1.3 billion from the petro dollar deal. Therefore the Kirkuk provincial council decided to give some crude oil to those companies who we owe money to.”

Exportation of Kirkuk’s oil was temporarily suspended by Baghdad, though the province still produces about 150 to 180,000 bpd.

Chief engineer at the North Oil Company Farhad Hamza said, “The oil that has been produced from the Kirkuk fields, we separate the gas from the oil and then drop the oil back into the wells. This is not a good process but we have to do so because Baghdad made a political decision and halted Kirkuk oil exports.”

Baghdad has also halted building a refinery in Kirkuk, stalling development of Kirkuk’s energy sector.

Baghdad owes Kirkuk a lot of money and this has affected the Kirkuk economy and public services. About 430 service projects are suspended in Kirkuk and the region has a pile of electricity bills it has to pay.

http://rudaw.net/mobile/english/kurdistan/150620163
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.
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http://rudaw.net/Embed.aspx?ID=99690
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.
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