Thread: Archive News - Iraqi Dinar Think Tank - 06/05/09 - 04/09/09

Talabani: Today will be the beginning of a new phase in the history of independent, democratic and federal Iraq

The Iraqi President Jalal Talabani, the thirtieth of June will be the beginning of a new phase in the history of a federal democratic Iraq is an independent and unified the people of his own master, and the owner of its bounty and the decision-maker and the determination date.

The President of the Republic in his speech Tuesday morning to mark the withdrawal of U.S. troops from Iraqi cities, the importance of strengthening popular support for the efforts of security by working more effort to provide the requirements of a dignified life for the citizens.

Talabani said that the Iraqi people today turn a new page in the glorious history, its armed forces to assume security responsibilities in the towns and villages in Iraq and bronchospasm, in another step towards the completion of full sovereignty in the proof of evidence that the forces of terror and darkness, unable to dissuade the firm will of the Iraqis.

Talabani said that it is our duty as we celebrate this day to express our thanks and gratitude to our friends from the multinational forces who have borne the burden and dangers, and suffered with us, human and material losses, while ridding Iraq of the worst authoritarian regime in order to restore security and order to create an atmosphere of stability and tranquility.

He added that the efforts made by our armed forces in all its branches and b.rands are commendable and gratitude, but security will not only fully restored in a favorable political climate, and under the tent of national reconciliation and national unity and the promotion of genuine national unity government headed by Prime Minister Nuri al-Maliki, to include all the forces that believe in the march the embodiment of democracy and real participation in the management of the State.

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Company (BP) British return to Iraq for the development of Rumaila

Said in Baghdad today, the victory of the corporate group headed by the British company BP in addition to the Company (NBC) to develop and exploit the Chinese Rumaila in southern Iraq.

Said Oil Minister Hussain al-Shahristani at the licensing round, which was held in Baghdad on Tuesday that the company agreed to the price set by the ministry and the amount of two dollars per barrel, "he said.

Made for the development of Rumaila the first two groups of companies headed by the company (BP) by the British and 67% (NBC) Chinese winner by 33% the development of the field and the second group includes the company (and the stricken Mobil) and the U.S. company (Petrolas) Malaysia.

The Rumaila, southern Iraq, one of the largest oil fields in the world, and is currently producing less than one million barrels per day, and exactly 956 thousand barrels (according to the Ministry of Oil).

The return BP to Iraq after leaving in 1972.

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Investments in oil fields to start by August

Investments in oil fields in Iraq will start by August 2009, the official spokesperson of the Iraqi Oil Ministry said Tuesday, referring that investment contracts will be admitted to the council of ministers for final approval.

“The contracts were signed today, but the contracts are now in the preliminary stage,” Assim Jihad told Aswat al-Iraq news agency.
“The final signature will be added to the contracts by August 2009, when the investment process will start,” he said.

He pointed out that the contracts are valid for 20 years, and can be renewed for five more years.

http://en.aswataliraq.info/?p=115407

Iraq, U.S. discuss investment conference in DC

The Iraqi deputy premier, Rafi al-Issawi, on Tuesday met the U.S. economic ambassador to Baghdad, Mark Wool, and discussed with him preparations to hold an investment conference in Washington DC soon, according to a release issued by al-Issawi’s office.

“Al-Issawi received Wool in his office in Baghdad,” said the release received by Aswat al-Iraq news agency.

“The meeting stressed the necessity of accelerating the process of e.xecuting the Iraq-U.S. strategic pact by starting services and construction projects,” it said.

“The two sides also debated the preparations to hold a conference in Washington DC to discuss offers of U.S. and foreign firms to invest in Iraq,” it added.

http://en.aswataliraq.info/?p=115438

Oil Ministry rejects bids to invest in 2 oil fields

The Iraqi Oil Ministry rejected bids to invest in the oil fields of By-Hassan and Missan, as the prices proposed by the bidding companies do not meet the Ministry’s prices, the oil minister said on Tuesday, explaining that the council of ministers will make the final decision in this regard.

“The council of ministers will decide whether to accept or reject these contracts,” Hussein al-Shahrestani said in ceremonies in Baghdad attended by Aswat al-Iraq news agency.

Concerning al-Mansuriya oil field, al-Shahrestani illuminated that his Ministry received no bids to invest in it.

“Companies think that Diala province, where al-Mansuriya field is located, is unstable,” he said.

http://en.aswataliraq.info/?p=115437

Foreign firms refuse Iraq terms for oil deals

Chinese, American, Italian, British, Dutch and South Korean oil firms were among those who on Tuesday rejected the terms laid down by the Iraqi government to work in four separate oil fields.

China's CNOOC and Sinopec wanted 25.4 dollars per barrel extracted from the Maysan oil field but the government offered them only 2.3 dpb.
The US energy giant ConocoPhillips, meanwhile, asked for 26.7 dollars per barrel to work in the Bai Hassan oil field but the government offered 4.0 dpb.

The government was dealt another blow when a consortium featuring Sinopec, Italy's Eni Medio Orient SpA, America's Occidental Petroleum and South Korea's Korea Gas Corp (Kogas) withdrew from bidding for the Zubair oil field.

It asked to be paid 4.8 dollars per barrel extracted, which was the best of four separate offers submitted to the government for the field, but the oil ministry offered to pay only two dollars per barrel.

Five proposals for the West Qurna field also fell by the wayside, with the leading 4.0 dpb offer from ExxonMobil and Royal Dutch Shell being deemed over the odds by the government, which offered 1.9 dollars per barrel.

http://www.zawya.com/Story.cfm/sidAN...%20Oil%20Deals

Iraq asks foreign energy companies to resubmit bids

Iraqi Oil Minister Hussein al-Shahristani on Tuesday asked foreign energy firms to resubmit their bids for five of the six oil fields offered up for development in the war-battered country.

http://www.zawya.com/Story.cfm/sidAN...esubmit%20bids

Prime Minister Nuri al-Maliki to attend events and open to receive offers service contracts for oil and gas fields
PRESS RELEASE

Said Prime Minister Nuri al-Maliki during his appearance today to receive the events and the opening of offers service contracts for oil and gas fields covered by the first session of competition: The day today will be a memorable day of construction, reconstruction, and this is the appropriate station investment will not be the last in the field of development and construction in our country is enjoying the riches of multiple, but the beginning of a series of procedures and conventions in the field of oil and gas.

He added: We have delayed investment due to the policy of the rules of wealth Alambad wars and adventures that led to the failure to provide services to people and not to take advantage of the national wealth.

The Prime Minister: praise for companies that compete for Sharif to hold the oil fields of contracts, and I hope that this process should be conducted transparently, and be certified as proof that the government and the oil ministry in order to preserve the wealth of Iraq and guarantee the rights of the companies participating in this process, which may carry some of the complexities and the difficulty, but it is very clear, and the government will turn to the part of the winning companies and provide security protection and the necessary facilities to them.

He said: in today's world tour may be a unique region, calling on companies that have not won to find opportunities to work in Iraq in other areas.

"Mr. Prime Minister: We hope that companies that win in the speed of work and production in order to bring about a leap in the development and reconstruction in the country of goods and wealth.

He thanked the companies for their participation and presence in Iraq, as Hkuralquadr working in the oil ministry and the efforts they have made in this process, and hoped that this round are in the interest of Iraq and the development of wealth.

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Shahristani: oil licensing round for the development of a strong center of the Iraqi economy

The Oil Minister Hussain al-Shahristani, the first petroleum licensing round an important step in the construction of the oil sector and the focus for the development of a strong Iraqi economy.

Shahristani said during a tour to begin the first licenses to develop oil fields on Tuesday that 120 companies had applied to participate in this round was the rehabilitation of 32 companies representing 18 countries.

He said that the tour has seen the maximum level of competitiveness of global competition, and today will see the Iraqi people in public and in front of the sight of all this round, both for the people.

The Minister called on the oil companies that are not lucky to win in this round, have an incentive to return and participate in future rounds.

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Cabinet today considered the outcome of the licensing round for oil and gas investment

Council of Ministers held an extraordinary meeting today to consider the results of the first licensing round for exploration and development of oil and gas fields, which did not result in the development, but to accept the Rumaila.

The Oil Ministry has offered to hold an unprecedented 6 fields of oil and gas fields of the competition between the foreign company in the 31-day tour throughout the day yesterday in the Rashid Hotel in Baghdad was quoted on the air directly in the presence of the media and senior officials and experts on oil.

The competition for the six oil fields which Rumaila North and South, and Zubair, Qurnah, Albozorkan, Kirkuk and Bai Hassan, in addition to the fields and Mansourieh invading crutch. "

Said Oil Minister Hussain al-Shahristani, it will be presented to the Council of Ministers at a meeting Wednesday to consider bids from companies.

It was announced yesterday to accept the offer of a group of British Petroleum Company (BP) and the Chinese Company (NBC) to invest in Rumaila is the largest and most important fields offered for investment.

The result of this field is currently 950 thousand barrels a day, but the Iraqi Oil Ministry is willing to increase production to two million and 850 thousand barrels, which the two companies approved by the British and Chinese.

The two companies also agreed to the price set by the ministry and the amount of two dollars per barrel at the exploitation of additional Rumaila.

Did not agree with the oil ministry on Wednesday during a tour of presentations for the rest of the fields, because those companies more than the amount requested to the amount specified by the Ministry of oil per barrel more than the required quantity of production in each field is the amount of encouragement for companies to produce oil for more than the specified quantity.

According to officials at the Ministry of Oil, the amount you get from the production companies will not deliver the extra cash, but companies have recognized the equivalent of oil after a period specified in the contracts concluded between the companies.

However, officials in the Ministry of Oil companies asked to reconsider their offers will also be those presentations to the Council of Ministers to take decision about it.

Shahristani said the ministry of the night Almadipan Atair importance to the rest of the companies that have not won it for any price of the ministry identified the production of additional barrels, according to the national interest and in accordance with the interests of the Iraqi people.

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