Arab Today, arab today iraq asks obama to halt exxon\s kurdish deal
Last Updated : GMT 17:49:06
Arab Today, arab today
Arab Today, arab today

Iraq asks Obama to halt Exxon\'s Kurdish deal

Arab Today, arab today

Arab Today, arab today Iraq asks Obama to halt Exxon\'s Kurdish deal

Baghdad - Agencies

Iraq has asked U.S. President Barack Obama to stop Exxon Mobil exploring for oil in its autonomous Kurdistan region, saying the U.S. company\'s actions could have dire consequences for the country\'s stability. An aide to Iraqi Prime Minister Nuri al-Maliki told Reuters of a letter the premier had sent, seeking Obama\'s intervention, as Kurdistan said on Tuesday it would sign more deals with majors to raise its output five-fold. Turkey also signalled it was prepared to import oil directly from Kurdistan, potentially defying Baghdad, which has a long-running dispute with Kurdistan over oil export controls. Exxon angered Baghdad last year by signing an exploration deal with the Kurdistan Regional Government (KRG) in the north, which the central government deemed illegal. \"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,\" Maliki\'s media adviser Ali al-Moussawi said. Since the last U.S. troops withdrew from Iraq in December, disputed areas between Kurdistan and Baghdad have been seen as a potential flashpoint for conflict as tensions between the two regions rise, without the buffer of a U.S. military presence. 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 the freezing of their work in the region, we still receive information that suspicious work is going on relating to their exploration activities,\" Moussawi said. \"The point of the message was clear. The U.S. administration must intervene,\" he added. KURDISTAN SAYS OIL MAJORS CIRCLING Kurdistan 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. 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. On Tuesday, Kurdistan\'s natural resources minister said it expects more oil majors to follow Exxon in the next few months and that oil shipments would resume. \"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,\" Ashti Hawrami told an energy conference in London. \"So in the next few months, we expect to see another two or three major companies coming and working in Kurdistan.\" Exxon is one of the oil majors participating in massive projects in central Iraq, which is due to become the biggest source of additional oil for world markets in the next decade. But as exploration terms with the central government look less and less attractive, companies begin to look at Kurdistan. Exxon is keeping a low profile in Kurdistan but industry sources said the company had already issued a tender for drilling rigs while French rivals To tal and Norway\'s Statoil are also looking at exp loration blocks there. Exxon was not available on Tuesday to comment on Maliki\'s letter. Total and Statoil have previously declined to discuss their plans in Kurdistan. 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 barrels per day (bpd). \"The oil will flow ... regardless of an agreement, and I infinitely prefer an agreement,\" said Hawrami. By 2014 to 2015, output should grow to 1 million bpd, he said. \"When you have 1 million barrels a day stranded, it will find its way to the market despite the political haggling.\" \"We expect more discoveries this year to bring us to our new target of 2 million barrels per day by 2019.\" PIPELINE TO TURKEY Kurdistan has started plans to begin exporting its crude oil along a new pipeline to the Turkish border by August 2013. Turkey signalled on Tuesday that was prepared to import oil directly from Kurdistan despite Baghdad\'s stance that it has the sole right to exports. \"Turkey cannot stay indifferent to developments in the energy sector of Iraq, including those in the KRG,\" Berris Ekinci, Deputy Director General for Energy, Water and Environment at Turkey\'s ministry of foreign affairs, told the London conference. \"The most important thing will be the market drivers,\" she said in reference to Turkey\'s potential purchases of Kurdish oil. Small scale deliveries are expected to commence in coming weeks, when Kurdistan starts up a crude-for-products swap with Turkey, she told Reuters. Industry sources say the KRG is gearing up to move crude by tanker truck to Turkey - possibly as part of the arrangement. Kurdistan is short of key products, including diesel and kerosene. It receives only 15,000 bpd of fuel from southern Iraq. \"The volume (from Turkey) will increase incrementally,\" said Ekinci. \"But neither the start date nor the volume has been set yet.\" Turkey, which shares a border with Kurdistan, has increasingly courted Iraqi Kurds as its relations with the Shi\'ite-led central government in Baghdad have soured. Turkey is a major investment and trading partner for Iraq, especially for Kurdistan.

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 asks obama to halt exxon\s kurdish deal Arab Today, arab today iraq asks obama to halt exxon\s kurdish deal

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Haifa Wahby bets on her new drama show

GMT 06:04 2017 Thursday ,23 March

Haifa Wahby bets on her new drama show
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 07:03 2017 Wednesday ,22 March

Merna Waleed praises her work with Soad Hosni

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 22:19 2017 Friday ,24 March

Reveals reasons of hepatitis in Algeria

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
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