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View Full Version : Laibi: No differences with Irbil on oil



MartyChubbs
12-25-2010, 10:34 AM
25/12/2010 18:59
Cairo 25 December / December (Rn) - oil minister said the new Iraqi Abdul Karim coffee, Saturday, that most of the differences between the KRG and the federal government has been resolved, pointing at the same time that he was agreed to continue the export of oil from the region but within the national system.

http://www.aknews.com/images/cms-image-000071075.jpgHe said the coffee to the Kurdistan News Agency (Rn) on the sidelines of the meeting of the Organization of Arab Petroleum Exporting "OAPEC" in Cairo, "was agreed with the Kurdistan Regional Government to continue to export oil from the region but within the national system that the Federal Government shall bear all costs."

He explained that there is ongoing dialogue with the Kurdistan Regional Government to solve all the problems.

The oil contracts signed by the Kurdistan Regional Government with foreign companies of the most outstanding issues between Baghdad and Erbil.

He continued to coffee, saying "There is no disagreement (between the parties) on the contrary, there are understandings in many ways."

The Iraqi Oil Ministry in a period of Hussein al-Shahristani, insists that the contracts of the territory are illegal because they do not have the right led to the conclusion, the Territory Government emphasizes that the Constitution conferred the right to conclude contracts.

On the increase in oil prices, said the coffee, "We are keen to stabilize the price of oil to be priced markets develop."

He pointed to the coffee that his country supports that the price of a barrel of oil is $ 100, and said he was "a fair price."

And increase Iraqi oil production, he said, "We are on the increase has exceeded production Mleoniin and 600 thousand barrels per day and this did not happen 10 years ago."

He says, "We aim to be the production of three million barrels" per day.

The Oil Ministry said in September that crude oil inventories in the country has 505 billion barrels of discovered fields that $ 66 oil fields, with total recoverable reserves of 143 billion barrels.

And Iraq held two rounds of last year licenses to invest its oil fields resulted in the victory of several international companies of different nationalities to develop 10 fields in different regions, established after the Iraq October last third oil licensing round.

Iraq seeks to access the oil produced within the next six years between 10 and 12 million barrels per day, in order to increase its exports of oil daily after obtaining approval from the Organization of the international oil cartel

http://www.aknews.com/ar/aknews/2/205445/