This is an interesting subject, and I want to go into detail here. First I want to start off by looking at the recent big companies that have signed contracts with the KRG and the success the kurds showed in the in the government formation. Estimated 45 billion barrels in the KRG. Some notable oil companies: Marathon Oil (American) - http://en.wikipedia.org/wiki/Marathon_Oil Murphy Oil (American) - http://en.wikipedia.org/wiki/Murphy_Oil Repsol (Spanish) - http://en.wikipedia.org/wiki/Repsol_YPF Sinopec (Chinese) - http://en.wikipedia.org/wiki/Sinopec Along with another 36 smaller to medium oil companies. What is interesting is that the big companies only invested when the kurds emerged as kingmakers, maliki has practically agreed to the kurds 19 demands one of which was approving of the KRG's oil and gas contacts. Iraq has included 100,000 barrels from the KRG in the countries 2011 budget which means we're not far away from The technocrats at the Oil and Finance Ministries are expecting the same as they have recently included 100,000 barrels a day in Kurdish exports as part of their estimates for Iraqs income in the 2011 budget. http://musingsoniraq.blogspot.com/2010/11/iraq-includes-kurdish-exports-in-2011.html Another interesting thing is the oil exploration in areas outside the KRG which are apart of the disputed areas, which means they will be added to the KRG sooner or later (I assume this is the reason Baghdad was against the contracts). As you can see from the Image some of the exploration is happening outside the KRG. Turkey was against president talabani in Iraq and they lost again, I though they would have learned from their mistakes, I doubt it will have an impact on the ties though, as both sides rely on each other.
Stop throwing mud at Turkey. Turkey does not give any f**k who is the president of Iraq. These are your personal doubts only.
Hmmm? jalal talabani himself stated that turkey was against him, his not going to lie as we both know how many meetings were held before the government was formed, and at the end it was the kurds that finished it.
Lol, why did turkey meet with so many Iraqi politicians then? man your just deluding yourself.. Talabani would not say something like that if it was not true, why would he? Turkey wants a centralised Iraq, and the least kurdish influence in it... sorry not going to happen.
Iraqi politicans want to meet us yes, Turkey wants to see centralized Iraq, because we don't want any wars in the region.
No, not really it's widely known that turkey wanted to see a sunni-shia coalition to strengthen Baghdad, which they failed at.. they then wanted allawi to get president, failed again.. so Talabani said it upfront.
. mate you shut the fuk up . we rule iraq and soon we will say bye bye to it when we are ready and all turkish government and all its nationalists can do is watch and cry from turkey. btw good achievements by the KRG "applauds"
you forgot to mention Keystone Petroleum Gulf UK-listed oil company. http://www.ekurd.net/mismas/articles/misc2010/12/invest653.htm
http://www.rigzone.com/news/article.asp?a_id=101703 Iraqi Kurds: Oil Laws by June 2011 Or Won't Join Government by Hassan Hafidh & Angus McDowall Dow Jones Newswires 11/30/2010 URL: http://www.rigzone.com/news/article.asp?a_id=101703 LONDON (Dow Jones Newswires), Nov. 30, 2010 The semi-autonomous government of Iraq's Kurdistan region wants new hydrocarbon and revenue-sharing laws by June 2011 as a condition of its participation in a new Iraqi administration, the Kurdistan Regional Government's minister for natural resources said Tuesday. Speaking at an Iraqi oil conference here, Ashti Hawrami also said there should be no more blacklisting by the Baghdad government of oil companies working in the KRG region, and criticized the government's new oil production target. Baghdad and the KRG are at loggerheads over production-sharing agreements signed by the Kurds. The federal government argues these deals are illegal because they haven't been approved, while the Kurds say they are in line with the constitution. Hawrami said eight new oil discoveries have been made in the KRG region in the past two-to-three years, and said the KRG has signed 37 contracts with 40 companies, resulting in $10 billion investment in the oil sector, notably in exploration and production. He also said three refineries have been commissioned, with a total capacity of 200,000 barrels a day, and three power plants have been built, providing over 80% of the region's power needs. Kurdish oil production "can reach 1 million barrels a day by January 2014," Hawrami said, adding there is "between 100-200 billion cubic feet of [non-associated] natural gas in the KRG." However, he criticized Iraq's oil production target of 12 million barrels a day in the next 10 years. "Let's be mindful of the market, let's be mindful of our OPEC partners," he said. "Let's make it 4 million, let's make it 6 million." Hawrami later held a news conference in which he said the KRG is ready now to start exporting 100,000 barrels a day, to increase to 150,000 barrels a day by the end of 2011 or early 2012. "We are happy to start with 100,000 barrels a day," he told reporters. He said the crude oil would be exported from two Kurdish fields, Taq Taq and Tawke. The latter is already connected by the Iraqi northern export pipeline to Turkey's Mediterranean port of Ceyhan, while oil will be shipped by trucks from the former to the delivery point. The KRG exported oil from the two fields for around four months last year but suspended the flow pending the central government agreeing to pay back contracting foreign companies. Around 40 companies, including Norway's DNO International, have invested in Kurdistan but their revenues have been curtailed by being unable to sell oil for export because Baghdad has previously deemed the contracts illegal. Copyright (c) 2010 Dow Jones & Company, Inc.
Deals are done and dusted, it's all political games.. otherwise marathon and repsol would not have invested. on a side note, orange (France telecom) want's to buy some shares in the Erbil based Korek telecom.
We're taking kurdish oil, done and dusted... everyone predicted we'd lose but guess what we won Mr.assyrian
The one that is in Kurdistan, you can argue with me all day, but the companies signed with the KRG and not Baghdad. Hawrami: 1 Sharsitani: 0
Of course they signed with them.. Its called hedging your bets. Remember that China and Russia had oil agreements with Iraq for YEARS that were nev er ratified. http://www.iraqoilreport.com/politics/oil-policy/erbil-baghdad-still-at-odds-over-oil-5192/ IRAQ OIL REPORT
Haha, too bad these oil contracts are ratified The technocrats at the Oil and Finance Ministries are expecting the same as they have recently included 100,000 barrels a day in Kurdish exports as part of their estimates for Iraqs income in the 2011 budget. BAGHDAD has asked the kurds to make sure their ready to meet the supply, and guess what that means.. now shoo assyrian.
Yes, the Iraqi fields are already in production .. they have many, many wells that have been capped for years. I think you are confusing these new contracts with existing production.
LOL no these are for OIL PRODUCTION IN KURDISTAN are you stupid or are you pretending to be stupid? I know you assyrians are butt hurt ever since the medes kicked your ass, but you gotta move on.
To date there is NO Kurdistan, but there has been oil production in and around Kirkuk and Mosul since the 1920s.
Haha I know that words hurt you, yes I know the medes your empire so long ago, give up man... it was for the best... I like the way the way so many assyrians are pro-kurdish today There are fields with in KURDISTAN that can produce 100,000 and they have been constructed since 2003 also shiekhan 2 which is under kurdish control has an estimate of 4-18 billion barrels. Maybe check this forum (key stone) British firm that operated in Kurdistan and see what they call the country they operate in. http://www.iii.co.uk/investment/detail?code=cotn:GKP.L&display=discussion&thread=7321274&action=list We beat you in ancient times, and we're beating you now.
