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Re: Kurdistan Oil & Gas Development

PostPosted: Mon Sep 10, 2018 11:37 pm
Author: Anthea
Islamic State Bombs Kirkuk Oil Pipeline

Islamic State militants have bombed an oil pipeline in Kirkuk, northern Iraq, the top security official of the Kurdistan government told local news outlet Rudaw. The terrorists launched two bombs at the pipeline yesterday, Idris Rafaat said, and the fire has yet to be extinguished.

It was not immediately clear which pipeline the Islamic State militants had blown up and what the effect on shipments from northern Iraqi fields will be.

Last year, after the Mosul offensive, the central Iraqi government said it had defeated Islamic State. However, terrorist cells remain, and the fight with these continues. Kurdistan is one of the places where there are cells, and according to Rafaat, the central government cannot do a lot about it.

"Due to the Peshmerga not existing in the region, a security vacuum has been created and the Iraqi Federal Police cannot control it as they are strangers in the area,” he said, as quoted by Rudaw. The official referred to the takeover of Kirkuk by the central Iraqi government last year, after an ill-fated independence referendum in Kurdistan angered Baghdad. It then promptly retook control of the oil fields around the northern Iraqi city.

Meanwhile, protests in southern Iraq continue as people challenge the government on issues ranging from clean drinking water to jobs. Oil fields have been natural targets for protests, but the government security forces have been swift to disperse them, including by using force.

Despite the unstable situation, Iraq is pumping oil at record rates, Oil Minister Jabbar Al-Luaibi said on Sunday, as quoted by Bloomberg. At 4.36 million bpd, the production rate is within the quota set for the country by OPEC, but it has the capacity to increase this to 4.75 million bpd, Al-Luaibi said, excluding oil from Kurdistan. Exports, he added, averaged 3.59 million bpd. ... eline.html

Re: Kurdistan Oil & Gas Development

PostPosted: Mon Oct 08, 2018 9:50 pm
Author: Anthea
Update: Kurdistan and the Battle Over Oil
Kurdistan and the Battle Over Oil

In an election that did not capture the attention of most of the world, residents of the semiautonomous Kurdistan region of Iraq voted in a parliamentary election last Sunday — a year after a failed vote for independence. The election, whose results have been hotly debated, is the latest chapter in the long and tortured struggle over control of the oil-rich region

The Times talked to Janine di Giovanni for an update on the conflict in Kurdistan and its meaning to the oil and gas industries. Ms. di Giovanni is a senior fellow at the Jackson Institute for Global Affairs at Yale University. She has worked for over 30 years as a reporter in conflict zones in the Balkans, Africa and the Middle East. Her most recent book, “The Morning They Came For Us: Dispatches From Syria” has been translated into 26 languages. The conversation has been edited and condensed.

What makes Kurdistan — and Kurdish oil — so important?

Kurdistan is crucial because of its vital location — straddling Iran, Syria, Turkey and Iraq. Ever since the Kurds were denied their own state after World War I, they have been focused on a search for self-determination. The Kurds’ key leverage is oil: Kurdistan has roughly one-third of Iraq’s total oil reserves, much of it located under the sands near the city of Kirkuk, which was once a stronghold of the Islamic State in Iraq and Syria (ISIS.)

Kurdistan’s neighbors — with their own restive Kurdish minorities — worry that oil will fuel the Kurdish push for independence from Iraq. Kurdish autonomy, they fear, would destroy the already precarious equilibrium in the region. Kurdish statehood is the last thing the Iranians, the Turks and the Iraqis want.

Less than a decade ago, Kurdistan was being heralded as the new Dubai. What happened?

Well, first and foremost, the Islamic State happened. Although ISIS (also known as ISIL, for the Islamic State of Iraq and the Levant) was years in the making; by late June 2014 its impact on Kurdistan was huge. I was in Baghdad back then and recall the media reports that ISIS fighters were within 30 miles of Irbil, the capital of Iraqi Kurdistan. Having fighters so close terrified the oil expatriates who had gone to Kurdistan and turned it into a petroleum boomtown. The parties ended. The construction stopped. Shopping malls and the high-rise apartments were left half built as oil prices plummeted.

In short, Kurdistan’s economy was hit by the financial and humanitarian costs of the war against ISIS and a collapse in business confidence. This led to an exodus of international oil companies and other key investors. The result was a severe financial crisis from which the region has yet to recover. Oil prices have bounced back, but it has become clear that Kurdistan’s oil reserves were overstated and that the region’s production is not sufficient to cover its operational costs.

How did the failed independence referendum impact Kurdistan’s oil output, and what’s the situation like now?

The 2017 referendum was catastrophic in terms of the Kurdish economy and oil production. Shortly after 92 percent of Kurds voted to leave Iraq, Baghdad and the regional countries responded harshly. The most brutal response was that the disputed oil producing city of Kirkuk fell to Iraqi forces. The city was taken out of the Kurds’s hands after they had fought a hard battle to liberate it from ISIS. It was a bitter humiliation, a political suicide for Kurdish leader Masoud Barzani, who resigned. But most of all, it denied the Kurds of the Kirkuk oil.

What’s keeping Kurdistan from reaching its full oil-production potential?

In my view, there are two key factors going on. The first is corruption, which is endemic to the region and embedded in the society. Then there’s Kurdistan’s complex internal politics; chiefly between the main Kurdistan Democratic Party (K.D.P.) and the Patriotic Union of Kurdistan, as well as with smaller fringe groups. Those two major parties, who’ve both been accused of graft, each look in different directions for patronage and support. The P.U.K. to Tehran, while the K.D.P. is traditionally more aligned with Baghdad, the United States and Western-aligned regional countries. And these rivalries have important petroleum implications.

How so?

Take a recent 2016 export agreement. Two years ago, as internal political rivalries worsened within Kurdistan, its regional government (officially the Kurdistan Regional Government or K.R.G.) and Baghdad agreed to export 150,000 barrels of oil per day through Kurdish pipelines to the Turkish port of Ceyhan. The resulting revenue was to be shared by both governments and marked an important new era in relations between the Iraqi and Kurdish leaders. Yet the agreement only exacerbated internal Kurdish tensions. The P.U.K. accused the K.D.P. of lacking transparency; the K.D.P. accused the P.U.K. (who had always been close to Tehran) of selling Kirkuk’s oil via trucks to Iran, and keeping the money for themselves.

Are you optimistic about the future of Kurdistan to ultimately develop as both a nation and major oil producer.

I would like to be, because I love Kurdistan — I love Iraq. I’ve been working there since the time of Saddam Hussein. But signs are not positive. In January, the United States Institute of Peace issued a report that said that Kurdistan was on the brink of “economic collapse.” A rapid solution is needed, and will most likely have to come from the central government in Baghdad, to reassure investors that they are needed to rebuild Kurdistan after ISIS tore it to shreds. The only way for that to happen is for the two to renegotiate Kurdish oil policy and revenue sharing in terms of the Iraqi national budget. That is the core of it.

In terms of Kurdistan becoming independent, the country must develop core institutions which they have failed to do — there must be rule of law and transparency and the level of corruption must be crushed. Both Baghdad and Irbil point fingers and offer accusations, but the lack of transparency is at the core of the distrust.

Iraq has a Kurdish president, Barham Salih, as part of the new government in Baghdad. How might this new leadership change things?

The post of president is largely ceremonial and always goes to a Kurd under an unofficial agreement following the fall of Saddam Hussein. Mr. Salih is a moderate Kurd and former P.U.K. deputy, and there is hope in him; following his election, the Iraqi foreign minister spokesman, Ahmed Mahjoub, announced, “Iraq is starting a new phase, a new era.” Mr. Salih is a British-educated engineer and an avid supporter of higher education for the young, which is desperately needed to get the economy back on track. Mr. Salih is also well-regarded in Washington. ... r-oil.html

Re: Kurdistan Oil & Gas Development

PostPosted: Thu Nov 15, 2018 9:53 pm
Author: Anthea
Kirkuk oil: Billions of dollars leverage at stake for Kurdistan and Iraq

Baghdad and Erbil are under intense pressure to strike a deal to export Kirkuk’s oil through the Kurdistan Regional Government’s (KRG) pipeline, an issue that strikes at the heart of many problems between Erbil and Baghdad

Whether this deal will simply be yet another a stopgap or will address the core issues remains to be seen, though analysts believe both sides would benefit from finally reaching a substantive agreement on the matter.

"The subject of working again with the Kurdistan Region in the oil sector was presented by the previous government,” Iraqi Prime Minister Adil Abdul-Mahdi told reporters on Tuesday.

“Both sides have good relations and we will cooperate in a way which will be in the interests of all parties and the Iraqi people. We will strive for this and we want to continuously follow up on it,” he said.

The KRG is hopeful they will reach an agreement soon, government spokesperson Safin Dizayee told Rudaw.

The timing is crucial as markets react to US sanctions on Iran. US President Donald Trump said he wanted to avoid skyrocketing prices and there is speculation Washington even made the Kirkuk deal a precondition to granting Iraq a waiver on some imports from Iran.

With the exception of small amounts trucked to Iran via tankers for a time, oil exports from Kirkuk have stopped since the fields came under Iraqi control in October 2017.

Pumping Iraqi oil into the KRG’s pipeline could add as much as 400,000 bpd into the world market - 300,000 from Kirkuk and possibly 100,000 that Iraq is currently pulling out of the ground in Nineveh province.

The KRG has made some preparations. The Ministry of Natural Resources (MNR) announced last week it had boosted capacity in the export pipeline, bringing it up to 1 million bpd and saying the extra capacity could be used by Baghdad “to export the currently stranded oil in Kirkuk and surrounding areas.”

But Baghdad has reportedly been dragging its feet and one well-placed source said the US is getting frustrated with Baghdad’s “excuses.”

The Iraqi government has floated several alternatives to using the KRG’s pipeline. It considered repairing its own to Turkey or building an entirely new one - though either way that route would require an agreement of some sort with Erbil as the entire border with Turkey lies within the Kurdistan Region.

Now Baghdad has reportedly said they need Kirkuk’s oil for domestic refining.

“This is not credible,” said the source familiar with the talks, explaining that Iraq does not have the capacity to refine the volume produced in Kirkuk. Even if Iraq refines the maximum amount it could, some 200,000 bpd of oil would still be available to put into the export pipeline.

The official stance of the US State Department is that they don’t comment on what is an internal Iraqi matter, but a spokesperson acknowledged, “We recognize that Iraq could contribute to increased global output.”

US Deputy Assistant Secretary of State for Iraq and Iran Andrew Peek visited Iraqi Finance Minister Fuad Hussein on Wednesday. Hussein is involved in the oil negotiations.

The two discussed “political and economic matters of joint interest,” Hussein’s office stated.

Washington’s roving envoy Brett McGurk also recently paid visits to both capitals.

‘It’s a no-brainer’

It’s not only Washington putting pressure on Baghdad. UK Consul General in Erbil Martyn Warr recently said Britain has been pushing for this deal “for months.”

“It’s a no-brainer,” he tweeted.

The UK is not an uninterested partner — British oil giant BP signed a deal with Baghdad this year to triple production in Kirkuk.

Ultimately, Baghdad needs the money. The Iraqi government has already lost billions of dollars in potential revenue from Kirkuk’s oil and it would be hard put to justify continued financial losses.

Relations between the regional and federal governments are on the upswing. Kurdish politicians are in the Iraqi capital, taking up positions like president and finance minister. Erbil and Baghdad struck a deal this week to scrap checkpoints on major roads between the Kurdistan Region and Iraq. Making a deal on oil from the disputed areas could be another big step forward.

Both Abdul-Mahdi and KRG Prime Minister Nechirvan Barzani would benefit from a sustainable deal and neither have met with the latter facing a new parliament and what is sure to be an uncertain process government formation.

Still, the KRG stands to benefit from transit fees and earn legitimacy for its independent oil sector, and Baghdad can earn some badly needed cash.

But the deal must be considered within the larger context of the dispute between the regional and federal governments over the legality of Erbil’s independent oil exports and issues of revenue sharing, says Bilal Wahab, Wagner Fellow at the Washington Institute for Near East Policy where his focus areas include Kurdistan, energy, and the economy.

The legality issue is currently before the Iraqi Supreme Court, though the six-year-old lawsuit has again been delayed. The court ruled on Wednesday to postpone a hearing until December 9 after experts examining the matter failed to produce a unified report.

The revenue issue is again on the table as the cabinet and parliament debate the 2019 budget.

The KRG is exporting 400,000 bpd from its own fields. Adding 300,000 bpd from Kirkuk and potentially 100,000 bpd from Nineveh into the Kurdish pipeline would give Erbil control over 800,000 bpd. That’s a lot of leverage in the hands of a region that just a year ago voted for independence from Iraq.

“Baghdad is resistant to go ahead with this move because that would boost the legitimacy of the KRG position,” said Wahab.

“I think what Baghdad wants is for this to be a part, or at least a beginning of a more comprehensive agreement with the KRG rather than just a narrow focus on Kirkuk,” he said.

“So the question here is, will a deal on Kirkuk be just a tactical deal and therefore short-term and short-lived, as happened in the past when we had about a dozen gentlemen’s handshakes between the KRG and Baghdad over exports and every time they break apart because the balance of power or the dynamics on the ground change. Or will this pressure actually create incentives to resolve the larger questions of revenue sharing and the legality of the oil and gas industry.

“I think it could go either way, but the opportunity is definitely there for a more comprehensive understanding by KRG and Baghdad.”

Re: Kurdistan Oil & Gas Development

PostPosted: Thu Feb 07, 2019 11:50 pm
Author: Anthea
DNO plans 20 Kurdistan wells, acquires Faroe

DNO ASA, Oslo, plans to drill as many as 20 exploration and production wells in the Kurdistan region of Iraq this year as it expands in Norway through acquisition.

Spending more than 40% above the 2018 level of $300 million, the company will drill 14 wells in Kurdistan’s Tawke field, 4 at Peshkabir, and 2 on the Baeshiqa license. The company also plans five wells in Norway.

Much of the 2018 spending, which was up from the prior year, was for Peshkabir development and Tawke drilling.

DNO planned to start production from the Peshkabir-9 and Tawke-52 wells this month. On the Baeshiqa license, testing of the first exploration well has been delayed by rain but is expected to begin this month.

Most of the company’s 128,000 b/d of operated oil production, 90,000 b/d net to its working interest, is in Kurdistan. The rest is in Oman.

DNO said it is completing its unsolicited takeover of Faroe Petroleum PLC, bringing its Norwegian holdings to 90 licenses, 22 operated (OGJ Online, Dec. 5, 2018).

It said it has acquired 96% of Faroe shares and has begun compulsory acquisition of remaining shares. ... faroe.html

Re: Kurdistan Oil & Gas Development

PostPosted: Wed Feb 13, 2019 1:19 am
Author: Anthea
Kirkuk bolsters Iraqi oil exports in February

Iraq's oil exports are promising so far in February and Oil Minister Thamir Ghadhban predicts that the Kurdistan Region will adhere to its delivery agreement

Iraq has averaged oil exports of 3.63 million bpd so far in February, Reuters reported on Monday. Baghdad reported 3.65 million bpd in January, according to the ministry's figures.

Reuters cited better production in Kirkuk. Baghdad and Erbil reached an agreement in November to export oil through Kurdistan's pipeline that terminates at the Turkish port of Ceyhan.

"I am very optimistic that the Region will adhere to delivering 250,000 barrels per day in accordance with the 2019 state budget," Ghadhban told Reuters.

The Iraqi oil ministry reported Kirkuk averaged about 100,000 bpd in January. It is capable of upwards of 300,000 bpd with current infrastructure.

He described a recent meeting with KRG Prime Minister Nechirvan Barzani as positive.

The Kurdistan Region produces 420,000 bpd, according to Reuters. The oil and gas sectors are privatized in Kurdistan, but state-owned elsewhere in Iraq.

Ghadhban expects the Kurdistan Region to output 550,000 bpd by the end of the year. The semi-autonomous region is recovering from several economic crises and is heavily dependent on its energy sector for revenue.

Analysts at the recent World Economic Forum said they expect oil prices to more than likely be closer to the $80-$100 bpd range, rather than $40-$60.

When prices fell globally in 2014, it negatively impacted the Kurdistan Region in particular as it exports oil independent of Baghdad and is not beholden to OPEC.

The General Manager of Basra Oil Company Ihsan Abdul Jabbar told Reuters he expects the monthly average to be 3.55 million bpd.

Re: Kurdistan Oil & Gas Development

PostPosted: Sun Feb 17, 2019 2:04 am
Author: Anthea
Genel Energy plc’s Acquisition of Stakes in
Chevron-operated Blocks in Kurdistan Region of Iraq

Genel Energy plc executed the acquisition of stakes in the Chevron-operated Sarta and Qara Dagh blocks in the Kurdistan region of Iraq.

Genel will acquire a 30 percent interest in the Sarta license by paying a 50 percent share of ongoing field development costs until a specific production target is reached, together with a success fee payable on achievement of a production milestone. Chevron will retain a 50 percent interest in the Sarta license. Kurdistan’s regional government will hold the remaining 20 percent. Genel estimates that its total spend up through the end of 2020 will be approximately $60 million. Genel will acquire a 40 percent interest in the Qara Dagh appraisal license and become the operator through a carry arrangement.

Genel Energy is an independent oil and gas exploration and production company listed on the main market of the London Stock Exchange. The company, with headquarters in London and offices in Ankara and Erbil, is one of the largest London-listed independent oil producers, and is the largest holder of reserves and resources in the Kurdistan region of Iraq.

Bracewell advised with a team including Ben James, Adam Waszkiewicz and Catherine Todd. ... n-of-iraq/

Re: Kurdistan Oil & Gas Development

PostPosted: Thu Feb 21, 2019 1:35 am
Author: Anthea
Iran Ready to Export Natural Gas to Iraqi Kurdistan

The Marivan-Saqqez pipeline is a branch of the Sixth Iran Gas Trunkline (IGAT-6) with a capacity to transfer 110 mcm of gas per day from South Pars Gas Field in the Persian Gulf to western regions, namely Kurdestan province

Most of the infrastructure is in place to export natural gas from western Kurdestan Province to Iraq’s semi-autonomous Kurdistan region, provincial head of the National Iranian Gas Company said.

"NIGC is ready to export 8 million cubic meters of gas per day to Iraqi Kurdistan in the north," Ahmad Felegari was quoted as saying by IRNA.

Felegari said talks are underway with Iraqi officials to complete technical and financial details.

"As soon as negotiations produce results, NIGC will start gas exports to the region through a diversion of the Marivan-Saqqez pipeline," he said. ... -kurdistan

Re: Kurdistan Oil & Gas Development

PostPosted: Wed Feb 27, 2019 11:25 pm
Author: Anthea
KRG nets $1.3 billion in oil sales for Q3 of 2018

The US-headquartered auditing company Deloitte released its findings of the Kurdistan Regional Government's oil dealings for the third quarter of 2018 on January 28, 2019. Image: Deloitte report

ERBIL, Kurdistan Region — As part of its continued energy sector audits, Deloitte announced on Wednesday that the Kurdistan Region Government (KRG) sold crude oil and condensate worth more than $2.26 billion in the third quarter of 2018 up from $1.84 billion in the previous quarter.

It had two findings.

"Oil export and consumption - We did not identify any misstatements in the 1 July 2018 to 30 September 2018 oil export and consumption data," stated Deloitte in their report.

The Kurdistan Region had a "gross value of crude oil and condensate sold (piped exports and local sales)" of $2,262,409,784 in the three-month period.

"Oil sales – We did not identify any misstatements in the 1 July 2018 to 30 September 2018 oil sales data and the net amount received in the period by the KRG," added Deloitte.

Because of payments to other companies, licensing agreements, repayment of debts, payments to oil producers, among other costs, the KRG netted more than $1.3 billion — $1,288,773,374 for sales and related activities, and $104,598,002 in additional advance payments made by buyers.

It averaged $63.098 per barrel of oil exported through the Ceyhan pipeline (totaling 35,246 851 barrels), and $67.734 for crude and condensate sold locally (totaling 174,761 barrels).

In the previous quarter, the KRG exported 30,190,384 barrels of oil through the pipeline.

An advisor to KDP President Masoud Barzani explained that the audits help in improving Erbil-Baghdad relations.

"It's an important issue between Iraq and the KRG," Masoud Haider, a former MP in the Iraqi parliament, told Rudaw English. "We hope that in 2019, with an open discussion — all the issues, economic issues between the KRG and the federal government will be on the table and so on."

The audits are also a tool for the KRG when drafting contracts with foreign energy companies.

Deloitte was appointed to review the KRG's oil activities for 2014-2017 by the KRG's Regional Council for Oil and Gas Affairs.

The KRG welcomed the report.

"The Regional Council for Oil and Gas Affairs acknowledges the positive feedback received from stakeholders, including the international community, and reiterates its commitment to the people of Kurdistan that the two international audit firms, Deloitte and Ernst & Young, will continue to independently review the oil and gas sector, inclusive of all the streams," it stated.

Re: Kurdistan Oil & Gas Development

PostPosted: Sun Jul 21, 2019 9:43 pm
Author: Anthea
Ashti Hawrami to serve as top
energy official in new KRG cabinet

Following weeks of speculation concerning the fate of the long-serving Minister of Natural Resources (MNR) Ashti Hawrami, the main architect of the Kurdistan Region’s oil sector, the Kurdistan Regional Government (KRG) announced Sunday he is to be appointed assistant to the prime minister for energy affairs

In a decree dated July 17 that was signed by Prime Minister Masrour Barzani, Abdullah Abdul Rahman Abdullah, known as Ashti Hawrami, will serve as the top official for energy affairs, endowing him with a number of critical tasks.

Decree from KRG Prime Minister Masrour Barzani naming Abdullah Abdul Rahman Abdullah, known as Ashti Hawrami, as assistant to the prime minister for energy affairs. Photo: submitted

It is not currently clear whether the powers handed to Hawrami as an assistant to PM Barzani, making him the government’s top energy official, will result in the scrapping of the ministry of natural resources.

One of Hawrami’s main tasks as assistant will be to “oversee the implementation of the decisions, recommendations and policies of the Kurdistan Regional Government in the oil and gas sector” as defined by Article 6 of the 2007 Oil and Gas Law of the Kurdistan Region in consultation with the prime minister.

Hawrami will also have to present recommendations to PM Barzani in the energy sector and “coordinate between the relevant” energy authorities in the Kurdistan Region and carry out tasks delegated by the PM.

When Hawrami was first appointed minister for natural resources in 2006 the Kurdistan oil sector was still struggling to attract investment from abroad. It was ridiculed by Iraq’s central government, which told Kurdish delegations visiting Baghdad they would not even be able to extract their oil from the ground. The Kurdish delegations were repeatedly told they would not be able to explore, extract, or market their oil.

But as the rest of Iraq was mired in sectarian violence after the 2003 war, KRG officials started working on their oil and gas sector and finally introduced a business friendly oil and gas law in 2007 that opened the gates to many foreign companies including oil giants to enter Kurdistan and search for oil.

By 2007, Hawrami had held several top oil executive positions in the private sector in the United Kingdom and was well positioned to head the nascent energy sector. He was also familiar with the Iraqi oil sector as he had worked in the Iraqi National Oil Company (INOC) after his graduation from Baghdad University from 1971 to 1974.

After the initial success of attracting small to medium seized oil companies to the Kurdistan Region, the Kurds started thinking about marketing their oil. However, due to a decades long dispute with the central government, they knew they could not rely on the goodwill of Baghdad.

In order to market their oil to international traders, they first needed to transport their oil out of the landlocked Kurdistan Region. The only viable option appeared to be through Turkey. The KRG and in particular then-prime minister Nechirvan Barzani worked to improve relation with Ankara despite years of animosity between the two parties.

The construction of the pipeline was almost completed by the summer of 2013. The first shipment of oil through the pipeline was marketed in May 2014.

In this September 2013 file photo, construction work on a section of oil pipeline nears completion in Peshkhabur on the border between the Iraqi Kurdistan Region and Turkey. Photo: Fazel Hawramy / Rudaw

Hawrami is credited by industry executives and KRG officials as the driving force behind the independent Kurdish oil sector. However, he has also been criticized by opposition parties in the Kurdistan Region for the lack of transparency and accountability in the oil and gas sector. Several important public companies that the KRG had to establish as part of 2007 Oil and Gas Law were postponed. Moreover, there were several international disputes between various companies and the KRG, with the minister of natural resources absorbing the bulk of the criticism.

In his defense, Hawrami has said his job has been to make the oil and gas sector work in Kurdistan and bring in revenue for the KRG, but he should not be held responsible for what the KRG did with the oil revenues.

While disputes between Erbil and Baghdad are ongoing over the sale of oil and the share of the KRG budget from the federal government’s overall budget, the 2007 Oil and Gas Law of the Kurdistan Region outlines that the KRG and the federal government shall “agree … in the joint management of oil and gas extracted from current Fields in the Region” so long as conditions set out in Article 19 of KRG Oil and Gas Law are met, including setting up a general petroleum revenue fund for the whole of Iraq, restructuring the petroleum industry in Iraq to encourage private investment, and finally for the KRG to have a proportional role in the Federal Oil and Gas Council.

The Assistant to the Prime Minister for Energy Affairs will be required to attend meetings of the Regional Council for Oil and Gas Affairs and prepare the agenda. The Council, as such, will have an additional member in the future. Previously, it had five members: the prime minister presided over the council, the deputy PM was deputy president, while the ministers of Natural Resources, Finance and Economy, and Planning were members.

Hawrami’s fate was a point of discussion earlier this month when the new KRG cabinet was approved by the parliament and prime minister omitted a candidate for the minister for natural resources.

Hawrami, who holds a PhD in Reserve Oil Engineering, has been the minister for natural resources since the post was created in May 2006. He was re-appointed in 2009 followed by a third tenure in 2012. He served under past prime ministers Nechirvan Barzani, now the Kurdistan Region president, and Barham Salih, now the Iraqi president.

KRG Prime Minister Masrour Barzani had indicated his administration aims to “develop a constructive and stable partnership” with Baghdad, a welcoming sign at a time that the wider Middle East region is going through a tumultuous time as tensions between the US and Iran rise.

With Adil Abdul-Mahdi approaching his first anniversary as Iraq’s prime minister, the appointment of Hawrami indicates some progress in settling disputes between Baghdad and Erbil.

Re: Kurdistan Oil & Gas Development

PostPosted: Mon Aug 19, 2019 1:16 am
Author: Anthea
Iraq to begin exporting Kirkuk
oil to Jordan in coming days

Jordanian Minister of Energy and Mineral Resources Hala Zawati said this week that Iraq would soon complete preparations to start supplying her country with 10,000 barrels per day (bpd) of oil from the disputed province of Kirkuk

Iraq agreed in January to provide Jordan with oil from the Baiji refinery relying on a price formula that is equal to the rate for Brent crude, a benchmark price for purchases of oil worldwide, minus transport costs and differing specifications.

Zawati was quoted by the Ammon news website as saying that the necessary procedures to start the transfer are in their final stages and exports to Jordan would start in a short time, though she did not give a specific date.

She stressed that there are no outstanding issues that would hinder the successful arrival of the Iraqi oil in Jordan.

The Energy and Mineral Resources Minister previously announced that the oil would start arriving at the end of July but apparent complications have pushed back the date.

Zawati traveled to Iraq earlier this year for a meeting with government officials in Baghdad following a visit by the country’s monarch, King Abdullah, a first since 2008.

Iraq and Jordan signed a 2013 pipeline agreement worth about $18 billion and announced that multiple financing options would be considered. The Jordanian port of Aqaba, on the northern tip of the Red Sea, has long been a route for Iraqi imports and exports.

A 1,700 km pipeline will have to be built from Iraq's southern port of Basra, through the province of Najaf and vast desert regions of embattled Anbar Province, into Jordan, and down again to the southern port of Aqaba. ... 2fa8ad8ac4

So again Iraq sells oil stolen from Kurdish land while Kurds do nothing - they fail to unite and argue among themselves instead of protecting Kurdish land and it's people X(