Maviat oil investment: torrents of money from people without a Sergeant!

Created on Thursday, 14 June 2012 08: 07



Baghdad/Orr news

Occasionally widespread financial and administrative corruption scandals in yzkem noses investors in the new Iraq, but there will be corruption crisis in Iraqi oil investment which the State on Friday by 95 percent in the annual general budget, this raises question marks strongly, especially about the so-called war of oil around the oil fields mafias small

Iraqi oil sources revealed that there are conflicts of maviat with political cover around eight oil fields located three in geographic province of Amara and two in both Basra and Wasit and one in Nasiriyah and movements have taken place and are continuing the dispute oil Ministry about investing these low-lying fields with productivity.

The problem of these fields as still under exploration first and classified as Furthermore production fields, if not more, from initial exploration, you need subsequent steps in accepted science exploration, but the reality of this conflict that two oil fields, fields with high productivity and this decides to enter into licensing rounds based on the development of productive fields by global companies in exchange for a lump sum for each barrel produced approved accounts transparent and with Rovers transparent licensing productivity as well.

Fields of productivity are the basis of conflict as the lowland has been ruled out of tour licenses and Ministry preferred to refer to any investment that companies will invest these fields vs. lump vs. oil product can become theirs on the grounds that the product would be minimal and non-significant.

Therefore, Arabic and pungent regional companies in the political process, seeking to invest in these fields, the incomplete exploration and is classified as being of the same production Furthermore, and on this basis will be in front of the Ministry of oil, which favors in current investment to develop its politics fields and exploration of oil and gas deposits in ways which facilitate access to knowledge Developer"

"Suffice it to refer to demonstrations of workers and staff of the southern oil company to employ their expertise in this area without any State leadership heard Iraqi modern voice!!

Deputy Prime Minister Hussein Al-Shahristani has announced the opening of investment in six oilfields to develop over the long term.

And oil fields Rumaila, Kirkuk and the al Zubayr and West Qurnah and any good and Maysan, which includes three fields are Bazargan and the witty and Abu Corvus located near the Iranian border.

He noted that Iraq intends to ask the gaseous weakash fields, mansourieh West Iraq near the Syrian border to invest too.

It is understood that Iraq's oil is the second oil reserves in the world. It constitutes a fundamental basis for the Iraqi economy.

And has been associated with political events and wars and afflictions that have undergone our people throughout the last century, especially with the growing global demand for energy and reduced global production thus increasing the importance of oil (and become a valuable after they were cheap) has emphasized the major powers, especially the United States and Britain to capture this wealth was oil is one of the motives for the invasion Iraq's colonial.

Says Prof. Khaled Al Mukhtar, Professor of oil exploration at Baghdad University, said foreign investment was a product of the US-led invasion of Iraq, which stipulated the Constitution after the United States was able through its Ambassador and through their clients constitutional legality given to importers of us oil companies where humans so the number of Iraqis after the occupation as stated previously.

Adds an extended process in study, "this wealth belongs to the people and does not allow anyone to bypass oil ownership to the people as foreign oil companies in Iraq, as happened later after the nationalization of oil from giving concessions to the French and Russian companies in a number of southern fields.",

stressing that Iraq does not need foreign companies for investment, because we don't need much money and experience exaggerated money as possible get it within weeks or months of current production and experience modern many companies Oil service providing know-how in the form of construction (field surveys, drilling wells, pipelines, gas isolation stations ... ...Etc) in addition to Iraqi personnel experience accumulated since more than 70 years.

Noting that foreign companies whose main is to acquire the largest quantity of oil and gas and heavy profits and aihmha the safety of oil fields and the safety of the environment and the impoverishment of people.

Considers that the constitutional provision on foreign investments wekhskhsih oil sector must be clear in prohibiting that constitutionally added therefore reviving the Iraqi national oil company to carry the burden all phases of oil industry supplies and responsible for this sector on all Iraqi territory. Support for this national company and the subsidiary companies.

According to this perspective, the conflict this oil mafia small fields, these gaps in methodology employs state action in this sector is important and vital, as constitutional loopholes employed, needs to detect this legal cover on behalf of Constitution,

"Orr" refers to the sources that the Ministry in case studies were prepared on these fields in tables and figures fear that not all figures in the tables is accurate, especially production rate and inventory fields because any manipulation of these numbers mean (according to some data Moves allocated) loss billions which explains what reaches us from desperate Arab companies, notably French TotalFinaElf interfaces European and Italian Brazilian company ENPPI, webtrobrays and questioned evidence that there is a wish a company that commissions did not appear in the interface that gives up to more than two billion dollars (repeat two billion dollars).

These sources referred to no auditing in the productivity of wells and stocks may cause loss of Iraq $20 billion dollars annually. The source confirmed that these fields are field Nasiriyah and Rifa'i Rafidain and the hope and the brick and Dujailah projects and badra walhoish.

What will hold up and what will give up as Rasha in the least to 20 billion dollars per year, i.e. ten years may reach $200 billion, an amount sufficient to accommodate both Iraqis and titling apartments give everyone a car and reconstruction of electricity and fallow lands reclamation.

This confirms that the indicators and data sources may not rise to the level of evidence but raises serious concerns about indicators require us to ensure through specialized international experience homes to disclose those fields and in-depth financial checks to ascertain that these fields don't fit for development and licensing rounds note y that is installed on the paper which we check it as grouped (600) barrels and is the number of question by what your thoughts shows that the figure could reach beyond my total more than doubled.

Therefore, if there be only investing let overdraft and with given to Mullah without rewind or rotation either pay and turn European companies and INPE and other ktotal that are trying to lure the Governors of these provinces offers trivial such as gift each from power station and paving Street Hospital and run these workers (bankruptcy) scrap and trivial amounts equivalent to agmalitha run a few hours.

Says Iraqi oil expert known as Prince Abdul ilah (unpublished paper) that service contracts involving two important components:

First: the company funding and implementation of development, employment and production, and recover their investments paid a lump sum for each barrels producer, payable in cash or in kind with crude flat hourly rate covers all costs and profits.

Secondly: the company operations manager contract duration oil ranging from 15-20 years ago formed the Joint Management Committee for the coordination and follow-up of common and useful service contract, get rid of the problem of agreeing on the price of crude oil, so that the Commission is broken and include all costs and profits that oil companies is not in favour of such contracts, in particular those where large investments because investment retrieval method takes so long as they do not benefit from the increase in crude oil prices.

The maviat oil fields would be sine drops money uninterrupted, with the share investors in such fields as the first unknown funds