Exxon Mobil post in the 4th round pending and depends on the position of Kurdistan
OIL: Exxon Mobil post in the fourth round pending and depends on the position of a Kurdistan .
Sunday, January 25 / 1 December 2011 13:53 الزيارات:
Twilight News / oil ministry announced on Sunday that the participation of Exxon Mobil in the fourth round of licenses are now on hold, and depend on the position regarding the contract with the Kurdistan Region.
The deputy director of contracts and licenses in the Oil Ministry Sabah al-Saadi's "Twilight News", "Exxon Mobil among the 37 companies bought the information packages to participate in the licensing round, the fourth," noting that "the participation of Exxon Mobil in the round pending currently awaiting its position contract with the Kurdistan Region. "
The Oil Ministry has announced, Sunday, the past's "Twilight News" from their Exxon Mobil between the two options, to work in the Kurdistan Region or work in the West Qurna field.
Saadi added that "Exxon Mobil in the event chose to work in the province of Kurdistan, it will be included in the blacklist and therefore would not be allowed to participate in the licensing round in fourth but if it chooses to end its work in the region, they will participate in the round."
The Iraqi Oil Ministry has recently announced it is launching the fourth round of licensing contracts to include the oil fields located in areas not covered by the previous rounds.
The Iraqi Prime Minister Nuri al-Maliki recently announced that after his return from America that Exxon Mobil "and promised to review its decision" on the oil contracts signed with the Kurdistan Region of Iraq and rejected by the Baghdad government.
Prime Minister Nuri al-Maliki told another newspaper, the Wall Street Journal that the contract of Exxon Mobil in Kurdistan where violation of the law and therefore is not valid until you return the company to negotiations with the Oil Ministry with the presence of the representative of Kurdistan, then it will be possible to address the problem, he said. " The company is a project that have been frozen and we are trying to find a solution to the problem. "
Revealed and the Ministry of Natural Resources in the Kurdistan Region's "Twilight News" that Exxon Mobil did not stop working and will continue exploration and extraction in the region, according to a signed contract with them. And Exxon Mobil produces 370 000 barrels per day from West Qurna field, the first phase, which has reserves of 8.7 billion barrels under a service contract, the Iraqi government had warned the company that the insistence on work under the contract signed with the Kurdistan could lead to loss of work in the West Qurna