KRG Min of Natural Resources puts PSC contracts into public domain

[Hue Mi]

.
KRG.org (http://www.krg.org/) 15:50:07 20 Sep. 2011

Ministry of Natural Resources puts PSC contracts into public domain (http://www.krg.org/articles/detail.asp?rnr=223&lngnr=12&smap=02010100&anr=41567)


http://www.krg.org/grafik/draw_image.aspx?intMaxHeight=350&intWidth=280&strImage=/grafik/uploaded/2007/krg_logo__2007_09_11_h9m27s51.gif (http://www.krg.org/grafik/uploaded/2007/krg_logo__2007_09_11_h9m27s51.gif)


Erbil, Kurdistan Region - (KRG.org) Iraq - As part of the Kurdistan Regional Government’s ongoing transparency initiative, the Ministry of Natural Resources is putting all signed production sharing contracts (PSCs) for oil and gas in the Kurdistan Region into the public domain.

The move, announced today by Minister of Natural Resources Ashti Hawrami, means that the PSCs, their attachments and amendments are now available to read online at the government website www.krg.org (http://www.krg.org).

Dr Hawrami said, “The Kurdistan Region Oil and Gas Council, headed by Prime Minister Barham Salih, has decided to take the next step in implementing our policy of transparency and commitment to freedom of information in Kurdistan’s oil and gas sector, in line with the Region’s oil and gas law of 2007.”

The fresh release of documents follows the previous publication of the PSCs for the producing oil fields at Tawke and Taq Taq.

Dr Hawrami said that the originals of all PSC contracts have been submitted to the Energy Committee of the Kurdistan Parliament.

“These contracts have put the Kurdistan Region of Iraq firmly on the global energy map, and have helped to internationalise the economy here after years of enforced isolation,” Dr Hawrami said. “As a result, we now know that the Region has potential reserves of 45 billion barrels of oil and 3-6 trillion cubic meters of gas. We are exporting oil from the Region for the first time, with export capacity reaching 200,000 barrels per day by the end of the year.”

Dr Hawrami added, “Our citizens can see that these contracts have provided the right balance between risk and reward, attracting world class international oil companies from 18 different countries. Billions of dollars of inward investment have come to Kurdistan as a result; thousands of jobs have been created; the provision of electricity has vastly improved; and the exploration and discovery process has resulted in discoveries of oil and gas that will continue to benefit the people of Kurdistan and Iraq for decades to come.”

Most of the contracts will available to view today, the rest will be uploaded over the next few days. To access the contracts click here please (http://www.krg.org/pages/page.asp?lngnr=12&rnr=296&PageNr=1).

The contracts, their amendments and attachments are organized by block name.

Click on a document and it will open in a new window. Some of the files are quite large, so patience is required if you have a slow connection.

[Hue Mi]

.
MINISTRY OF NATURAL RESOURCES, KURDISTAN REGIONAL GOVERNMENT-IRAQ (http://www.krg.org/pages/page.asp?lngnr=12&rnr=296&PageNr=1)

KRG Ministry of Natural Resources Production Sharing Contracts

Ain Sifni
PSC – Hunt Oil – 08/09/2007
Assignment Novation and First Amendment Agreement – 26/07/2011
Hunt Oil Gaurantee – 26/07/2011
Hunt Oil LOR – 26/07/2011

Akri Bijeel
PSC – GKP/MOL – 06/11/2007
GKP/MOL Assignment – 22/10/2007
GKP/MOL Assignment and Novation Agreement – 30/10/2007
GKP/MOL Amendment Agreement – 01/08/2010

Arbat
PSC – Shamaran – 28/08/2009
Amendment Agreement – 01/08/2010

Atrush
PSC - Atrush - GEP - 10/11/2007
First Amendment Agreement - 01/08/2010
Marathon Gaurantee - 20/10/2010
Marathon LOR - 20/10/2010
TPI Assignment, Novation and Second Amendment Agreement - 20/10/2010

Baranan
PSC – Talisman – 15/06/2009
Assignment Agreement – 26/07/2011
Murphy LOR – 26/07/2011
Talisman LOR – 26/07/2011
Talisman/Murphy Guarantee – 26/07/2011
Murphy TPI Assignment – 26/07/2011

Barda Rash
PSC – Komet – 20/06/2008
Afren LOR – 27/07/2011
Komet/Afren First Amendment Agreement – 27/07/2011
Komet LOR – 27/07/2011
Termination Agreement – 27/07/2011
First Amendment Agreement and Completion Certificate – 07/09/2011

Bazian
PSC - KNOC - 10/11/2007
Assignment Agreement - 17/11/2008
Deed of Assignment and Novation - 12/12/2008

Ber Bahr
PSC - Genel Enerji - 31/03/2009
GKP Assignment Agreement - 16/07/2009
Assignment Novation and Amendment Agreement - 16/07/2009
Third Amendment Agreement - 01/08/2010

Bina Bawi
PSC - Oil Search/A&T - 06/03/2008
PSA - A&T - 29/03/2006
EPSA - A&T - 26/02/2007
Deed of Assignment and Novation - 01/04/2009
OMV/A&T/Hawler Energy Assignment and Second Amendment Agreement - 01/08/2010

Central Dohuk
PSC - Murphy/Petroquest - 14/10/2010
Murphy LOR - 14/10/2010

Chia Surkh
PSC - Longford/Petoil/Genel Enerji - 11/06/2009
First Amendment Agreement - Longford/Petoil/Genel Enerji - 01/08/2010

Dinarta
PSC - Dinarta - HESS - 17/06/2011
Dinarta - Petroceltic LOR - 26/07/2011
Dinarta - Gaurantee - 27/07/2011
Dinarta - HESS LOR - 26/07/2011

Duhok
PSA – DNO – 25/06/2004
PSC – DNO – 13/03/2008
Amendment and Relinquishment Agreement – 10/09/2008
Assignment Agreement – 31/03/2009
Assignment and Amendment Agreement – 31/03/2009
Third Amendment Agreement – 01/08/2010

Erbil
PSA Annex A – DNO – 25/06/2004
PSA Annex C – DNO – 25/06/2004
PSA – DNO – 25/06/2004
PSC – DNO – 13/03/2008

Garmian
PSC - Western Zagros - 25/07/2011
Western Zagros Gaurantee - 25/07/2011
Western Zagros LOR - 25/07/2011

Harir
PSC - Marathon - 20/10/2010
Marathon LOR - 20/10/2010
Marathon Gaurantee - 20/10/2010

Hawler
PSC - Norbest - 10/11/2007
KEPCO/KNOC Assignment Agreement - 17/11/2008
AOG Guarantee - 09/08/2011
AOG LOR - 09/08/2011
Confidentiality and Release Agreement - 09/08/2011
KNOC LOR - 09/08/2011
Norbest LOR - 09/08/2011
Second Amendment Agreement - 09/08/2011
Certificate of Completion Executed - 10/08/2011
Deed of Assignment and Novation

Kurdamir
EPSA - Western Zagros - 26/02/2007
PSC - Western Zagros - 28/02/2008
Completion Agreement - 19/06/2008
Talisman Third Party Agreement - 19/06/2008
Talisman Third Party Agreement Annex A - 19/06/2008
Amendment Agreement - 25/07/2011
Completion Certificate - 25/07/2011
Talisman/Western Zagros Guarantee - 25/07/2011
Talisman LOR - 25/07/2011
Western Zagros LOR - 25/07/2011
First Amendment Agreement to TPPA - 25/07/2011

Mala Omar
PSC - OMV - 06/11/2007
First Amendment Agreement - 01/08/2010
Certificate of Completion - 31/08/2010

Miran
PSC - Heritage - 01/10/2007
Heritage/Genel Enerji Assignment Agreement - 31/03/2009
Heritage/Genel Assignment and Novation Agreement - 31/03/2009
Third Amendment Agreement - 01/08/2010

Piramagrun
PSC - Repsol - 26/07/2011
Repsol Guarantee - 26/07/2011
Repsol LOR - 26/07/2011

Pulkhana
PSC - Shamaran/Petoil - 28/08/2009
Amendment Agreement - 01/08/2010

Qala Dze
PSC – Repsol – 26/07/2011
Repsol LOR – 26/07/2011
Repsol Gaurantee – 26/07/2011

Qara Dagh
PSC - Niko/Vast/Groundstar - 28/04/2008
Niko Assignment Agreement - 28/04/2008
Assignment Novation and Amendment Agreement - 28/04/2008
Second Amendment Agreement - 01/08/2010

Qush Tapa
PSC - KNOC - 21/06/2008

Rovi
PSC – Reliance – 22/12/2006
PSC – Reliance – 06/11/2007
First Amendment Agreement – 01/08/2010
OMV/Reliance Second Amendment Agreement – 01/08/2010
Second Amendment Agreement Certificate of Completion – 31/08/2010

Safen
PSC – Marathon – 20/10/2010
Marathon LOR – 20/10/2010
Marathon Gaurantee – 20/10/2010

Sarsang
PSC – Hillwood – 06/11/2007
First Amendment Agreement – 26/08/2010
Marathon Guarantee – 20/10/2010
Marathon LOR – 20/10/2010
TPI Assignment, Novation and Second Amendment Agreement – 20/10/2010

Shaikan
PSC – GKP/MOL – 06/11/2007
First Amendment Agreement – 01/08/2010

Shakrok
PSC – Hess/Petroceltic – 26/07/2011
Hess LOR – 26/07/2011
Guarantee – 26/07/2011
Petroceltic LOR – 26/07/2011

Sangaw North
PSC - KNOC - 21/06/08
PSC - Sterling - 10/11/2007
Sterling/Addax Deed of Assignment and Novation - 15/09/2008
KNOC Assignment Agreement - 17/11/2008
Sterling/Addax/KNOC - Deed of Assignment and Novation - 12/12/2008

Sangaw South
PSC - KNOC - 21/06/2008

Sarta
PSC - Reliance - 22/12/2006
PSC - OMV - 06/11/2007
First Amendment Agreement - 01/08/2010
Second Amendment Agreement - 01/08/2010
Certificate of Completion - 31/08/2010

Shakal
PSA - Shakal/Trilax/Petoil - 25/02/2007
PSC - Shakal/Oil Search/Petoil - 06/03/2008
Amendment Agreement - 01/08/2010

Sheikh Adi
PSC - GKP - 16/07/2009
First Amendment Agreement

Shorish
PSC - OMV - 06/11/2007
Amendment Agreement - 01/08/2010
First Amendment Completion Certificate - 31/08/2010

Sindi Amedi
PSC – Perenco – 02/10/2007
Assignment Novation and Amendment Agreement – 24/08/2011
First Amendment Completion Certificate – 24/08/2011
First Amendment Guarantee – 24/08/2011
Oryx LOR – 24/08/2011

Sulevani
PSC - Petroquest - 14/10/2010

Taq Taq
PSA - Genel Enerji - 20/01/2004
PSA - Genel Enerji - 21/11/2006
PSA Annexes A, B, C - 21/11/2006
PSC - Genel Enerji/Addax - 26/02/2008
First Amendment Agreement - 01/08/2010

Tawke
PSC - DNO - 13/03/2008
Confirmation Agreement - 10/09/2008
Indemnity Agreement - 10/09/2008
Amendment and Relinquishment Agreement - 10/09/2008
Assignment and Amendment Agreement - 31/03/2009
Border Adjustment Amendment - 30/07/2009
Sixth Amendment Agreement - 01/08/2010

Taza
PSC - Oil Search/Shamaran - 27/07/2011
Guarantee - 27/07/2011
Shamaran LOR - 27/07/2011
Oil Search LOR - 27/07/2011
Amended K42 Option Agreement - 28/08/2009
Oil Search K42 Option Agreement - 16/07/2009
Oil Search K42 Option Agreement PSC Annex - 16/07/2009

Topkhana
PSC - Talisman - 19/08/2011
Option Agreement - 19/06/2008

Page Hits: 3238
© 2011 Kurdistan Regional Government, KRG

[Hue Mi]

.
Reveal details of the government of Kurdistan's oil contracts with foreign companies (http://translate.google.com/translate?hl=en&ie=UTF8&sl=ar&tl=en&u=http://www.shafaaq.com/sh2/reports-investegations/110-reports-and-investigations/33753-2011-09-22-07-46-59.html)

Thursday, September 22 / September 2011 10:28
Views: 161

Twilight News / trying to politicians Kurds unite their efforts on a wide range of political and economic issues for the purpose of reaching common positions unite their efforts to continue the process of development in the region and meet the needs of the citizens of Kurdistan, and the concentrated efforts of officials and politicians Kurds recently on the issue of oil contracts and trying to get measures on the by public opinion and the Iraqi Kurdistan.

In this regard, The Government of the Kurdistan Region, Thursday, for the delivery of the political blocs in parliament, the Kurdish copies include details of all oil contracts signed by the government with the companies.

According to a statement by the provincial government received a "Twilight News" copy of it, "The government announces an effort to achieve transparency in this regard."

And comes the announcement after the oil contracts concluded by the Kurdistan Regional Government with the companies Alajnah operating in the oil investment a matter of debate among political circles, at the time revealed by the Committee on follow-up reforms in the government of the Kurdistan Region, Wednesday, for starting the second phase and final implementation of the reform program for the region's president, stressing that this phase will focus on achieving full transparency and the adoption of the principle of accountability.

The head of the Azad Izz al-Din told him the website of the Kurdistan Regional Government and seen by "Twilight News", the second phase of the project "will be allocated" to apply the basic principles of the draft reform is "full transparency" and adopt "the principle of accountability" and to ensure the legality of contracts and " Accounting firms and entrepreneurs "in the event of breach of contracts with the government.

In the midst of these developments, The President of the Kurdistan Regional Government, Barham Salih, a joint meeting with the political blocs of the Parliament of Kurdistan and deliver copies include details of all oil contracts signed by the Government of the region with foreign companies.

He says the benefit in a speech during the meeting that the aim of revealing details of oil contracts signed before the parliament of Kurdistan is "inform the public on the sources of its natural resources" and how to dispose of them by the government, stressing that the oil "wealth of riches of the people", and that the Government of the region will deal with contracts "full transparency" and according to the Oil and Gas Law of the Kurdistan Parliament, as well as "in accordance with the Constitution of Iraq."

The government also published the texts of the region and the contents of those contracts on its official English language to facilitate informed interested in it.

In a brief press conference held by Barham Salih, after the meeting which was attended by Minister of Natural Resources in the region drastically and the heads of all parliamentary blocs, referring to the importance of the meeting and that he was addressing it to "all aspects of oil policy pursued by the Government of the Territory," he said, adding that the government of the province handed over the oil contracts signed with international companies "to the people's representatives of parliament of Kurdistan", adding that it was the publication of such contracts "on the Internet" to "inform our people by the" persisting that he is a disclosure of those contracts, "and the duty of the Government of the Territory" to know whether the citizens in the Kurdistan Region, Iraq "How to exploit the oil wealth," and the "exchange earnings in order to serve our people," he added, saying that the parliament "is the regulatory body responsible for following up this issue because it represents the people."

At the same time expressing the hope that the benefit does not make the process of politicization of the issue of oil and gas, and expressed his wishes that the "do not turn the issue of oil and gas," into a political issue, "exploited by the parties of the parliament of Kurdistan" in the political struggles and partisan.

Notes Barham Saleh, the Government of the region committed in its oil policy, "the standards fixed by Transparency International" in the field of oil in all of those contracts, so as to achieve "greater transparency" on the internal and external levels, adding that the provincial government followed the "national policy" to develop the sector oil in order to "serve the people of Kurdistan" and achieved good results in this field.

Saleh stressed the need to "deposit" all the oil revenue treasury public "in public" and "in accordance with the Constitution" to serve all citizens without discrimination.

For his part, pointed out drastically and natural resources minister in the provincial government that "thanks to the evolution of" the oil sector in the Kurdistan Region, there is "significant demand" from companies and investors to work areas of investment, and that the volume of investments in the oil sector "is increasing."

Notes Hawrami that Kurdistan has become "the subject of great interest" in most countries of the world that take the initiative to open consulates and offices in which he said, adding that this was due to "obvious political" to the territorial Government in dealing with oil wealth, noting that part of the oil contracts, "previously announced "Bmtbua him special was the years 2009 to 2010.

Thus, seeking officials and politicians in the province of Kurdistan, to try to unify positions and exit treatments common away from the party struggles, political, seeking to achieve the ultimate goal of the placed oil and gas development, but a goal of improving the economic situation and living conditions for citizens of Kurdistan and to achieve prosperity and stability.

Sadiq Alazarka