Kurdistan Oil & Gas Development

[alan131210]

It's not by % it's by blocks and I have posted the 2011 total blocks in the earlier posts in this thread feel free to look for it but I am waiting on 2012 one as it has "ExxonMobil" blocks on it .

[alan131210]

12/06/2012 09:49

ERBIL, June 12 (AKnews) - Kurdistan's oil smuggling accusations announced earlier by Deputy Prime Minister Hussein al-Shahrstani were only to stir up the Iraqi public, said Iraq's parliamentary oil and energy committee.

Committee spokesman Qasim Mohammed said: "The Kurdistan Region's President Massoud Barzani asked one month ago for forming a joint committee for investigating oil smuggling and to bring the acussed to justice, but so far the commission is yet to be form.

"When we suggested oil smuggling issues and investigation, members of the State of Law Coalition and al-Shahrstani's bloc were evading the discussion,” said Mohammed.

Member of the oil and gas committee Farhad Atrushi earlier accused officials from the fedral government of smuggling 150,000 barrels of oil daily to Israel via Jordan.

AKnews

[unitedkurdistan]

Kurdistan's Oil Production to Quadruple, KRG Tells Foreign Investors



ERBIL, Kurdistan Region -- The Kurdistan Regional Government’s (KRG) oil production is going to quadruple in the next three years, a representative of the region’s Ministry of Natural Resources told potential investors at a business convention in Erbil Monday.

“KRG oil production capacity now stands at 250,000 barrels a day and is going up to 300,000 barrels a day by the end of this year,” Michael Howard, communications adviser to Energy Minister Ashti Hawrami, told the two-day MEED Kurdistan Projects Conference. “We are on track for 1 million barrels a day by 2015 with existing discoveries.”

And that means boom times for the non-energy sector, too, says Adnan Al-Mubarak, Business Development Manager at the Qatar-based firm, Black Cat Engineering and Construction, which specializes in the energy sector.

“With energy comes everything,” he told Rudaw on the second day of the conference. “You can’t develop energy without having all the support services around it – and they need everything here, so it’s all potential.”

The private sector, Mubarak predicted, is going to be leading the way in the region’s development and advised the government to be selective when choosing companies to do business with.

“You need to have private sector companies who have understanding, vision, a roadmap. Because companies are coming from all over the world, you might not know their background, so [the KRG] needs to do its homework and ensure that quality control starts now. The outcome of any mission comes from its beginning so the roadmap should be in place right now and they should select companies on the right basis.”

Skilled workforce

Since the KRG introduced its current liberal foreign investment law, where overseas companies are essentially placed on an equal footing with local businesses, the region has not been short of willing investors, Imad al Najar of the Ministry of Construction and Housing told Rudaw. One important factor in deciding who to do business with, he says, is the amount of non-monetary investment a company is willing to put into the region.

“When the companies come here, we ask them to enter into joint ventures with local companies, to transfer the technology to our workforce and update our technology, our abilities, through training and involvement.”

The KRG also works closely with local universities and foreign companies, Najar said, to ensure students are receiving the right kind of training to prepare them for the private sector when they graduate.

And while that’s a positive step, says Hossam Hakim Bazanji, General Director of the non-profit Kurdistan Economic Development Organization, the government first needs to stop hiring so many graduates itself.

“The biggest challenges [for the private sector] are created by the government employing everyone. Seventy percent of the general budget currently goes to salaries; for investment, there’s only 30%. It’s a bad budget and a dangerous budget.”

What the country needs more of, Bazanji says, are more entrepreneurs and more skilled workers in the private sector. Instead, he says, the government is killing incentive and creating disguised unemployment by putting so many unneeded workers on the payroll.

“The government provides land, maybe a house, a good pension; you can get a salary without production, without work; you can sleep and still get paid.”

Another major obstacle for the private sector, Najar says, is that political parties and leaders are themselves engaged in economic activities.

“If the money, the capital and the political authority are all in one hand, that’s very bad. Right now, political parties are in government, political parties are in parliament, in the court, in the market, in the air you breathe – in everything. We must have a law to prevent this; the market must work without the effects of the political parties.”

“Here we go”

Overcoming all these existing challenges will take “a lot of will, a roadmap, education, training, skills,” says Black Cat’s Adnan al-Murbarak. “It’s slow, but it’s happening. Look at the officials and their vision is clear. They lack maybe the know-how, but the vision is there.”

And given the country has energy resources good for the next 50 or 60 years, he says, get the details right, “and here we go.”

[alan131210]

Another major obstacle for the private sector, Najar says, is that political parties and leaders are themselves engaged in economic activities.

yes this must be stopped and without the opposition , pdk and puk are not willing to let go of this problem , Barham Saleh previous PM tried but in his resignation speech he confessed he failed to separate political parties from doing and interfering in daily businesses , which is very very wrong and must be stopped !.

[alan131210]

[unitedkurdistan]

http://www.kargroup.net/index.php

Watch their video at the bottom of the page.

[burnsss]

Does that pipeline lead to the refinery kak Alan? Do you know the capacity of it?

[alan131210]

Does that pipeline lead to the refinery kak Alan? Do you know the capacity of it?

The pipeline is connecting pulkana oil field to that refinery , the output is of that refinery is 10,000 bpd. But it is not completed yet

[alan131210]

i want to go to these pipelines and kiss them , bcoz they hold our key success to a kurdish state

[alan131210]

ERBIL, Kurdistan Region -- An MP from Kurdistan Parliament reports that the central government has not sent the Kurdistan Region its allocation of billions of dollars of petrodollar money.

Karwan Salih, an MP in Kurdish Parliament, told Rudaw, “In the past three years, Baghdad has not sent any petrodollar money to the Kurdistan Region. The total amount would be US$15 billion USD for three years.”

Salih criticized Kurdish lawmakers in Baghdad for failing to follow up on the issue. “They are representatives of the Kurdish people in Baghdad. I don’t understand why they won’t follow up on this issue,” he said.

Najiba Najib, a member of the parliamentary finance committee, confirmed that the petrodollar budget has not been sent to Kurdistan.

“According to Article 26, which was added to the budget law last year, the Kurdistan Region must receive 17 percent of the total of Iraq’s petrodollar money. The article also applies to the 2012 budget. But it has not been implemented.”

Najib estimated the total amount of Iraq’s petrodollars was as high as 50 trillion Iraqi dinars. She said, “Seventeen percent of this amount belongs to Kurdistan.”

Najib maintained that the KRG has requested its share but Baghdad has ignored the request.

“Last year, a KRG delegation visited Prime Minister Nuri Maliki and handed him a letter which addressed this issue along with others. Maliki promised to resolve the petrodollar issue, but he didn’t follow through.” Najib said.

Rashid Tahir, KRG deputy finance minister, says, “I am not sure whether this 50 trillion dinars exists as it is mentioned or if Iraq has any petrodollar budget.”

Tahir suggests that his ministry would launch an investigation into the matter if anyone has and provides proof of this issue.

Meanwhile, Tahir confirmed that the Kurdistan Region has not received a petrodollar budget for the past three years.

“A specific article in the budget law indicates that, if Iraq’s oil production increases, the ministry of finance must report a specific amount of the increase to parliament. Seventeen percent of the increase must go to the Kurdistan Region.”

According to Tahir, the last time the Kurdistan Region received petrodollar money was in 2008.

A letter from Iraq’s Ministry of Finance to the Council of Ministries, dated October 2011, indicates that 17 percent of the petrodollar money must go to the Kurdistan Region according to Article 14 in the Iraqi budget law.

The letter mentions that petrodollar money was 1 trillion and 227 billion dinars in 2011.

It is said that the Iraqi government has used the money on projects in other parts of Iraq. These include 136 billion dinars for Shia shrines, 700 million dinars for the Ministry of Transportation and 1 trillion 84 billion for projects of the electricity department.

The KRG Ministry of Electricity, says Baghdad has not sent any budget for the region’s electricity last year.

Tahir believes Kurdish representatives in Iraq’s Ministry of Finance have been careless in this regard, saying, “The issue is the negligence of our representatives in Baghdad, especially the representatives in Iraq’s Ministry of Finance. We have discussed this issue with them but they don’t report back to us.”

Fazil Nabi, Iraq’s deputy finance minister says that Iraq’s finance ministry is currently studying this issue. “When they are finished with their investigation, the Kurdistan Region will receive its portion.”

Nabi dismissed claims that Iraq has 50 trillion dinars from petrodollar money.

“We had US$8 billion from petrodollar money in 2011. We used the amount to complete the shortcomings in the 2012 budget,” he said.

According to Ibtisam Omer, a KRG representative in Iraq’s Ministry of Finance, Iraq’s Council of Ministers is the main reason the petrodollar money has not been sent to Kurdistan.

“We informed them of this issue many times but they didn’t even respond to us,” she says.

“The Council of Ministers decided to use the money on other projects,” she says. “We asked them to invest some of this money in the Kurdistan Region projects as well, but they didn’t respond.”

The Iraqi government has decided to give $1 from each barrel of oil to the province where oil is extracted. But Kurdish officials say the Kurdistan Region exported its oil through national oil pipelines from 2011 until April of this year and the revenue went to the Iraqi government.

Rudaw

[alan131210]

Kurdistan natural resources department said "one of the new conditions we have laid for foreign companies in important sector of (oil) must have 100% kurdish employees by 3 years" .

[alan131210]

18/06/2012 13:37

ERBIL, June 18 (AKnews) - Baghdad has informed Erbil that it will not export fuel to Erbil again, said Erbil fuel distribution director, after the Iraqi government suspended fuel exports to the Kurdistan Region one month ago.

banzinxana, oil, patrol stationNuradin Hamid said: "Iraq has halted exporting fuel to Erbil since last month and there is no possibility for canceling the decision."

Iraq used to export one million liters of diesel, 300,000 liters of oil and 1.1 million liters of petrol to Erbil, but now only exports 250,000 liters of gasoline to the city, said Hamid.

Now the Kurdistan Region imports petrol from Iran and the region itself provides diesel and oil, added Hamid.

Now Iranian and the Kurdistan Region's gasoline is distributed on a daily basis to petrol stations in the region.

AKnews

[alan131210]

http://www.kargroup.net/index.php

Watch their video at the bottom of the page.

great vid thanks for pointing it out barez .

[alan131210]

KRG Al-Arabiya Oil and Gas Special
http://www.youtube.com/watch?v=sAcVU3UPSv8&hl=en&fs=1&rel=0&hd=1   

http://www.youtube.com/watch?v=qk0coZXhgR0&feature=related&hl=en&fs=1&rel=0&hd=1   

Barham Salih addresses the first Oil and Gas conference
http://www.youtube.com/watch?v=8mjFk5gN7GU&feature=related&hl=en&fs=1&rel=0&hd=1   

[alan131210]

Update on oil and gas developments in the Kurdistan
http://www.youtube.com/watch?v=QhxEcH46C0c&feature=results_main&playnext=1&list=PLD5C2129CE093F29F&hl=en&fs=1&rel=0&hd=1   

http://www.youtube.com/watch?v=92HZ5uwxD0Y&list=UUlAXxsIIQcSBawB24J6HVVg&index=9&feature=plcp&hl=en&fs=1&rel=0&hd=1   

http://www.youtube.com/watch?v=vvx_r2cL-XI&list=UUlAXxsIIQcSBawB24J6HVVg&index=2&feature=plcp&hl=en&fs=1&rel=0&hd=1   

http://www.youtube.com/watch?v=CA7zZMZ0XSc&feature=autoplay&list=PLD5C2129CE093F29F&index=1&playnext=2&hl=en&fs=1&rel=0&hd=1