Maliki from Washington: Iraq will not end the existence of Exxon Mobil in the country
MONDAY, 12 JANUARY 1 / DECEMBER 2011 13:09 HITS: 237
Twilight News / Prime Minister Nuri al-Maliki on Monday that the Iraqi government will not end the existence of Exxon Mobil's oil in Iraq, while confirmed that the company has frozen its project in Kurdistan without the intervention of the authorities in the country, revealed the existence of negotiations to lift the freeze.
Maliki told the Wall Street Journal, U.S. "The Iraqi government has not abolished the holding company Exxon Mobil in southern Iraq, at the same time we try to look for a compromise formula for a company in Kurdistan to be within legal contexts."
Maliki said that "Exxon Mobil held in Kurdistan, where violation of the law and therefore is not valid until the company returns to negotiations with the Oil Ministry with the presence of the representative of Kurdistan, then it will be possible to address the problem."
He also said the "company, I think, is the project that have been frozen in Kurdistan, and we are trying to find a solution to the problem."
And Exxon Mobil produces 370 000 barrels per day from West Qurna field, the first phase, which has reserves of 8.7 barrels of Miller under a service contract. The Iraqi government has warned that the company's insistence on work under the contract signed with the Kurdistan could lead to loss of work in the West Qurna.
The dispute is a long time ago between the government of Kurdistan and the central government in Baghdad over oil fields, where the latter is the contracts signed between the Government of the region and international oil companies illegal.
The deputy prime minister for energy Hussain al-Shahristani denied, in the November 12, 2011, approval of contracts for oil exploration venture between Exxon Mobil and the Kurdistan Region, stressing that the ministry informed the company in refusing to sign these contracts.
Refuted with the Ministry of natural resources in the region command, confirmed that the province signed an agreement with U.S. oil company on 18 October 2011 on six sectors to explore.
The Ministry of Oil in Baghdad, in the November 17, 2011, that Exxon Mobil would lose $ 150 million by the contract with the Kurdistan Region, as indicated that the company did not respond today to such contracts, confirmed that the oil and gas law if passed will not confer any legitimacy on the violation of contracts, the company warned of the dissolution of the contract signed with them earlier to develop the West Qurna field in Basra.
The head of the Kurdistan Regional Government Barham Saleh announced, in November 13, 2011, in agreement with the central government to raise the region's oil exports to 175 thousand barrels per day.
Iraq seeks through the development of oil fields and presented to the international companies, to reach a production of at least 11 million barrels per day, during the next six years, as well as 12 million barrels per day after the addition of the quantities of the other fields of national effort.
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