Parliamentary Committee on oil and energy: real companies have not progressed to the fourth round of licences and the oil Ministry to find alternative

Date: Saturday, 09-06-2012 12: 27 pm



Baghdad (newsletter) ... Commission on petroleum and energy, the fourth round of licences have not progressed truly global companies to win the patches, the claim of the Ministry of oil exploration to find alternative plans for licensing rounds.

Member of the Parliamentary Committee on oil and energy Awad Al-Awadi (News News Agency): there is a difference in licensing rounds first, second and third on the fourth round of licences that the first three rounds were rounds and production licenses to reproduce either of the fourth round of licences is an exploratory round of licences.

Al-Awadi said: it was expected to be there (12) patch in the fourth round diamond, but with great regret there provide real tours particularly the Ministry of oil was serious in dealing with licensing rounds file and pursue this endeavour should be seeing the exploratory meeting.

Al-Awadi said: in the fourth rounds licenses particularly where lots of pros to the Ministry of oil chiefly ensure the adoption of clear reserve of crude oil and gas also.

Al-Awadi said: Committee on oil and energy that attended the fourth round of licences as an observer had a vision for the development of work and how to apply for exploratory patches where when rendering to (6) of the exploratory locations (12) patch is prone to surrender the licence as our tour successful if the number is less than that they tour not be desired, and the introduction of three patches only, it can be said on this round is not the level of ambition.

And between Al-Awadi: that the oil Ministry to be more precise with the acceptance of these sites exploratory companies.

Member of the Parliamentary Committee on oil and energy: choosing exploratory sites are the responsibility of the Ministry of oil through the preparation of adequate altnadr walkshovat these sites but no real company advanced to the fourth round of licences such as those made to the licensing rounds first, second, third, and arguably it companies is not the required level

According to: the Committee also noted that many sites did not provide any company despite the fact that most of the companies that participated in the fourth round of licences purchased many facts site patches, but it looks like the reason behind leaving companies to those locations because they considered the profitability of the firm was not considered successful work the oil Ministry must therefore have no alternative plan that relies solely on the corporate world exploration.

The oil Ministry said in March past the fourth round of licences to develop 12 locations, including seven sites gas exploratory and five oil sites spread over 6500 km spread over ten governorates, namely, Anbar, Ninawa, Diwaniyah, Najaf, Babil, Wasit Muthanna, Diyala, Basra and Dhi Qar

The round ended with an investment of three exploratory plots are invading eighth between Diyala, Wasit area 6,000 square km won by Pakistan Pakistan petroleum company between the provinces of Muthanna and oil Qar with Coalition two Luka Weil Russian wambrks Japanese to invest oil exploratory area between the provinces of Muthanna and tenth Qar land five thousand and 500 square kilometers.

Iraq oil fields introduced during the first and second round of licenses for development by global firms to produce at least 11 million barrels a day within the next six years and 12 million bpd after adding the quantities produced from the other fields of the national effort.

The oil Ministry was announced during the October 2010 within the third round victory Coalition companies licenses (JTB or) Turkish and Quett wekokaz Korean investment in energy field gas mansourieh also announced two Kuwait energy coalition victory (t-NBA or) Turkish investment field Saybah invasive 30 kilometers south of Basra and winning coalition of Korean company and kas kokas Kazakh gas field development; Reed in Anbar province Iraq. /finished/3 n. p.