Kurdistan region of Iraq begins exporting oil today for the first time

[Seaview]

The Government of the Kurdistan region of Iraq on Monday, the export of one hundred thousand barrels of crude oil for the first time, according to officials in the fields of Taq Taq and Tauki.

Mohamed said Okutan project manager "never never", which is supervised by the company, "Energy" Turkish "The pump will start tomorrow from the Taq Taq oilfields," the rate of forty thousand barrels / day."

He said, "will be pumping through the pipeline length of nine kilometers to the truck loading station, a capacity of eighty thousand tanks barrel."

He noted that "there is good access to the pumping rate of sixty thousand barrels / day the end of this year."

It is hoped to reach 120 thousand barrels / day, after two years.

And the quality of the oil Okutan said, "The quality of crude oil of excellent and free of water," he said "contains oil extracted gas used for power generation in the field of oil and there is no commercial quantities of it."

In turn, said Director Norman Mangou Norwegian company operating in the field Tauki in the Dohuk governorate would be to start the export of fifty thousand barrels a day from the field Tauki Monday.

"The field contains 14 wells, but not all tied to lines of production and export," adding that "the oil market by pipeline to the pumping station Fishkhabour (near the Iraqi-Turkish border) and meet the guidelines coming from Kirkuk to Turkey."

The Ministry of natural resources in the Kurdistan region of Iraq announced earlier this month to begin the export of one hundred thousand barrels of crude oil in June that the company is marketing "SOMO" of the central government and "the deposit of proceeds in the calculation of the Federal Government."

http://209.85.229.132/translate_c?hl=en&ie=UTF-8&sl=ar&tl=en&u=http://radionawa.com/(X(1)A(JwUDbjcZygEkAAAANTEwZjhhOWEtZGM5YS00ZTZiLWI 5NGMtYTBmN2Y0YjljODE2mPp0k1jY2hSTl8-0V7NFYX5HkAA1))/ar/NewsDetailN.aspx%3Fid%3D45758%26LinkID%3D109%26Asp xAutoDetectCookieSupport%3D1&rurl=translate.google.co.uk&usg=ALkJrhhUOvJ81a_MzDU0MBBAdD_b5zGhyg

[SC Dinar]

The Government of the Kurdistan region of Iraq on Monday, the export of one hundred thousand barrels of crude oil for the first time, according to officials in the fields of Taq Taq and Tauki.

Mohamed said Okutan project manager "never never", which is supervised by the company, "Energy" Turkish "The pump will start tomorrow from the Taq Taq oilfields," the rate of forty thousand barrels / day."

He said, "will be pumping through the pipeline length of nine kilometers to the truck loading station, a capacity of eighty thousand tanks barrel."

He noted that "there is good access to the pumping rate of sixty thousand barrels / day the end of this year."

It is hoped to reach 120 thousand barrels / day, after two years.

And the quality of the oil Okutan said, "The quality of crude oil of excellent and free of water," he said "contains oil extracted gas used for power generation in the field of oil and there is no commercial quantities of it."

In turn, said Director Norman Mangou Norwegian company operating in the field Tauki in the Dohuk governorate would be to start the export of fifty thousand barrels a day from the field Tauki Monday.

"The field contains 14 wells, but not all tied to lines of production and export," adding that "the oil market by pipeline to the pumping station Fishkhabour (near the Iraqi-Turkish border) and meet the guidelines coming from Kirkuk to Turkey."

The Ministry of natural resources in the Kurdistan region of Iraq announced earlier this month to begin the export of one hundred thousand barrels of crude oil in June that the company is marketing "SOMO" of the central government and "the deposit of proceeds in the calculation of the Federal Government."

http://209.85.229.132/translate_c?hl=en&ie=UTF-8&sl=ar&tl=en&u=http://radionawa.com/(X(1)A(JwUDbjcZygEkAAAANTEwZjhhOWEtZGM5YS00ZTZiLWI 5NGMtYTBmN2Y0YjljODE2mPp0k1jY2hSTl8-0V7NFYX5HkAA1))/ar/NewsDetailN.aspx%3Fid%3D45758%26LinkID%3D109%26Asp xAutoDetectCookieSupport%3D1&rurl=translate.google.co.uk&usg=ALkJrhhUOvJ81a_MzDU0MBBAdD_b5zGhyg

let the trickling begin.

[Seaview]

Talabani, Barazani launch oil exports from Kurdistan

President of Iraq, Jalal Talabani, and President of the Iraqi Kurdistan, Massoud Barazani, on Monday started oil export from the region in a symbolic celebration at Arbil city.

The federal and regional presidents opened the export valve together in a step that ended a period of differences with the federal cabinet in Baghdad regarding the region’s merit to export oil.

“This step supports the whole of Iraq,” Nejervan Barazani, the Kurdish regional premier said in a speech during the ceremony attended by Aswat al-Iraq news agency.

“Oil contracts signed by Kurdistan should be perceived as a constitutional and legal right,” he said.

“Iraqis would have had better standards of living if the oil and gas law had been approved,” he explained.

“The delay in enacting the oil and gas law is due to political, not technical, reasons” he proceeded.

Barazani called on the federal government in Baghdad to “employ respect-based dialogue with all the provinces to solve problems.”

“The time of wars has gone,” he noted.

http://en.aswataliraq.info/?p=113989

[Fntc]

Some pics from Pukmedia:


http://www.pukmedia.com/News/01-06-2009/nawt(1).jpg
http://www.pukmedia.com/News/01-06-2009/nawt%20(4).jpg
http://www.pukmedia.com/News/01-06-2009/nawt%20(6).jpg
http://www.pukmedia.com/News/01-06-2009/nawt%20(5).jpg
http://209.85.129.132/translate_c?hl=en&ie=UTF8&langpair=ar|en&u=http://www.pukmedia.com/News/01-06-2009/news30.html&rurl=translate.google.com&usg=ALkJrhhv_3v2e3vj0C1_hE-e39qmOm0FAg

[Fntc]

YouTube - Kurdistan Oil For Fristtime Out, Kurdistan Regional Government

[Uno]

So, anyone care to speculate what could happen should the GOI decide NOT to pay DNO for the export of oil from the north??
What will be the fall out of all that money going into the DFI, then to the GOI, and none be given to DNO for production?
Will the northern production be halted?
Remember, KRG will be losing money if they pay production costs.

What would the Kurds do?
Would they demand secession due to GOI not adhering to the constitution?
Would the ISF and Pehmerga spar in DIB areas?
Would it be all out civil war?
Or will the GOI and the Kurds sit down and compromise on the HCL package so everyone can live peacefully and as one nation?

Next year will be a critical turning point for IRaq.
THe US will have drawn down most of the military forces.
The new government will be legally voted in without basis for dispute (no boycott) so no delays with laws can be justified.
The constitution changes will be defined and brought forward for referendum.
The HCL and DIBs will finally be seriously looked at.
This coming election will establish the political environment to handle all the remaining issues.
Once they are done, hopefully the neighbors will relieve debt and begin to support Iraq.
All this is needed for Iraq's economy flourish, well, that and increased oil prices...

[DealOrBuyDinar]

http://www.stratfor.com/sites/all/themes/stratfor_mail_html/images/logo_stratfor_email.gif (http://www.stratfor.com/?utm_source=General_Analysis&utm_campaign=none&utm_medium=email)
Iraq: Oil Exports Begin From Taq Taq Field (http://www.stratfor.com/sitrep/20090601_iraq_oil_exports_begin_taq_taq_field/?utm_source=General_Analysis&utm_campaign=none&utm_medium=email)

June 1, 2009
Workers activated the pumps of the Taq Taq oil field in Iraq’s northern Kurdish region June 1 beginning the transport of oil via a pipeline to the Turkish port of Ceyhan, Al Jazeera reported. Oil exports from the field are estimated to be some 40,000 barrels a day initially, but are expected to increase to 250,000 barrels a day by the middle of 2010. The government of Iraq’s semi-autonomous Kurdish region reportedly will receive 17 percent of the oil revenue, and the main government in Baghdad will receive 83 percent of the revenue, a Kurdish government spokesman said.

[Howler]

http://www.stratfor.com/sites/all/themes/stratfor_mail_html/images/logo_stratfor_email.gif (http://www.stratfor.com/?utm_source=General_Analysis&utm_campaign=none&utm_medium=email)
Iraq: Oil Exports Begin From Taq Taq Field (http://www.stratfor.com/sitrep/20090601_iraq_oil_exports_begin_taq_taq_field/?utm_source=General_Analysis&utm_campaign=none&utm_medium=email)

June 1, 2009
Workers activated the pumps of the Taq Taq oil field in Iraq’s northern Kurdish region June 1 beginning the transport of oil via a pipeline to the Turkish port of Ceyhan, Al Jazeera reported. Oil exports from the field are estimated to be some 40,000 barrels a day initially, but are expected to increase to 250,000 barrels a day by the middle of 2010. The government of Iraq’s semi-autonomous Kurdish region reportedly will receive 17 percent of the oil revenue, and the main government in Baghdad will receive 83 percent of the revenue, a Kurdish government spokesman said.




same percentages agreed to in the HCL, before it was bogged down.
I have to say with all of the negativity about the oil minister in the news lately, I am cautiously optimistic about the HCL.

[TerryTate]

So, anyone care to speculate what could happen should the GOI decide NOT to pay DNO for the export of oil from the north??
What will be the fall out of all that money going into the DFI, then to the GOI, and none be given to DNO for production?
Will the northern production be halted?
Remember, KRG will be losing money if they pay production costs.

What would the Kurds do?
Would they demand secession due to GOI not adhering to the constitution?
Would the ISF and Pehmerga spar in DIB areas?
Would it be all out civil war?
Or will the GOI and the Kurds sit down and compromise on the HCL package so everyone can live peacefully and as one nation?

Next year will be a critical turning point for IRaq.
THe US will have drawn down most of the military forces.
The new government will be legally voted in without basis for dispute (no boycott) so no delays with laws can be justified.
The constitution changes will be defined and brought forward for referendum.
The HCL and DIBs will finally be seriously looked at.
This coming election will establish the political environment to handle all the remaining issues.
Once they are done, hopefully the neighbors will relieve debt and begin to support Iraq.
All this is needed for Iraq's economy flourish, well, that and increased oil prices...

It wouldn't be good, but I'm guessing that money hungry Iraq will be willing to do what is necessary to keep the oil pipeline flowing.

At the current rate of 40,000 barrels per day through the pipeline that is 1.2 million barrels exported every month, which is a significant boost to the current output of 2.2 to 2.4 million barrels that Iraq is exporting. So, increasing Iraq's output by nearly a 1/3 to 3.4 to 3.6 million barrels is nothing to sneeze at. Now considering that they are projecting ramping that up to 120,000 barrels per day or 3.6 million barrels from Kurdistan alone, wouldn't you say that it would be in their best interest to play nice with their Kurdish brothers?

Of course this is the middle east, thus nothing need be logical, so I'll have to give you that point UNO....

[RotaryRevn]

I knew I should have bought stock in DNO. Does anyone know if that stock has climbed much the last few months?

[jcav]

I knew I should have bought stock in DNO. Does anyone know if that stock has climbed much the last few months?

I heard it has but not for certain.

[Fntc]

http://chart.finance.yahoo.com/c/6m/d/dno.ol

[DealOrBuyDinar]

There aren't many stocks that haven't climbed in the last few months.

[Mr. Deeds]

Are these stats based on current wells and not the drilling of new wells? Oh, I forgot, they don't need to drill wells. They just kick a hole in the sand and drop in a sump pump and wa-la.

Pump it baby!!!!

[RotaryRevn]

http://chart.finance.yahoo.com/c/6m/d/dno.ol

Thanks for posting that. Probably an 80% gain. Niceeeeeeee