Arab Today, arab today iraq pm asks obama to stop exxonkurdistan oil deal
Last Updated : GMT 01:21:23
Arab Today, arab today
Arab Today, arab today

Iraq PM asks Obama to stop Exxon-Kurdistan oil deal

Arab Today, arab today

Arab Today, arab today Iraq PM asks Obama to stop Exxon-Kurdistan oil deal

Baghdad - Agencies

Iraqi Prime Minister Nuri al-Maliki has asked US President Barack Obama to intervene to stop ExxonMobil from proceeding with a deal with the Kurdistan region that he warned would have dire consequences for Iraq’s stability, an aide said. The US oil major angered Baghdad last year by signing an exploration deal with the Kurdistan Regional Government (KRG) in the north, which the central government deemed illegal. Since the last US troops withdrew from Iraq in December, disputed areas between autonomous Kurdistan and Baghdad have been seen as a potential flashpoint for conflict as tensions between the two regions rise, without the buffer of a US military presence. “Prime Minister Nuri al-Maliki explained to president Obama in the letter sent this month the dire consequences of the Exxon deal and its negative impact on Iraq’s stability,” al-Maliki’s media adviser Ali al-Moussawi told Reuters yesterday. Iraq’s oil minister said in April that Exxon had written to Baghdad informing it that it had suspended work in the Kurdish region. “Despite Exxon’s letters about their freezing of their work in the region, we still receive information that suspicious work is going on relating to their exploration activities,” al-Moussawi said. The KRG announced in November the signing of a deal for six exploration blocs with Exxon, the first major oil company to deal directly with the Kurds in northern Iraq. Exxon is one of the oil majors participating in massive projects intended to make Iraq the world’s biggest source of new oil over the next few years, but the US company’s decision to sign a deal with the KRG has infuriated Baghdad. Exxon was banned by the central government from competing in the country’s fourth bidding round because of the deals it had signed with Kurdistan to explore in their region and some disputed areas. “The point of the message was clear. The US administration must intervene,” Moussawi said. Al-Maliki met with Exxon during his visit to the US in December and explained to the company that its deal with Kurdish authorities violated the law and could generate serious problems, al-Moussawi said. “Offering Exxon an exploration deal without central government knowledge and approval has been and will stay illegal,” al-Moussawi said. Iraqi Kurdistan, which has its own government and armed forces, has already clashed with the central government over autonomy and oil rights, and halted its crude exports in April after accusing Baghdad of not making due payments. Frustrated by the long-standing disputes with Baghdad, Kurdistan has started plans to start exporting its crude oil along a new pipeline to the Turkish border by August 2013. Kurdistan’s energy minister said in London yesterday that the autonomous region expects more oil majors to follow Exxon in the next few months in striking deals. Exxon is keeping a low profile and has declined to comment. But industry sources say the company has issued a tender for drilling rigs. “The market is very buoyant in Kurdistan. We have a lot of majors circling around looking at new PSCs (production-sharing contracts) and certainly mergers and acquisitions,” Natural Resources Minister Ashti Hawrami told the conference in London. “So in the next few months, we expect to see another two or three major companies coming and working in Kurdistan.” French major Total is looking to secure a package of exploration blocks in Kurdistan, and Norway’s Statoil is also looking closely at KRG exploration blocks, industry sources have said. Exxon’s deal, involving six blocks, angered the Iraqi central government in Baghdad, which holds that any oil contracts signed with Kurdistan are illegal. Arbil and Baghdad are locked in a long-running feud over oil and land. Exxon is keeping a low profile in Kurdistan, but industry sources said the company has issued a tender for drilling rigs. Exxon declined to comment. The KRG halted oil exports in April due to a payment dispute with Baghdad. Before then, contractors in Kurdistan were producing and exporting about 200,000 bpd, said Hawrami, who was adamant shipments would resume. “The oil will flow ... regardless of an agreement, and I infinitely prefer an agreement,” he said. “When you have 1mn bpd stranded, it will find its way to the market despite the political haggling.” About 60,000 bpd is still being supplied to the domestic market. Industry sources say Arbil is prepared to start sending crude by truck to Turkey soon, possibly as part of a crude-for-products swap. Kurdistan holds an estimated 45bn barrels of oil reserves, and 25 to 30 exploration wells are now being drilled by contractors, the minister said. By 2014 to 2015, output should grow to 1mn bpd, he said. “This is guaranteed and doable. We can achieve it if we eliminate the political obstacles in front of it,” Hawrami said. “We expect more discoveries this year to bring us to our new target of 2mn bpd by 2019.”  

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today iraq pm asks obama to stop exxonkurdistan oil deal Arab Today, arab today iraq pm asks obama to stop exxonkurdistan oil deal

 



Arab Today, arab today
Arab Today, arab today Fadi explains secrets of  Nancy Ajram's newlook

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Zainab al-Maliki reveals herTV presenter models

GMT 18:12 2017 Friday ,24 February

Zainab al-Maliki reveals herTV presenter models
View News in Arabic - Business: اقتصاد عربي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Actress Lobna Abdel Aziz proud of her career

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday