Iraq decides to ban Aksen Mobil Corporation to participate in the fourth round of licensing
26/11/2011 08:55

Baghdad, November 26 (Rn) - The Iraqi Oil Ministry said on Saturday it would not allow Aksen Mobil Corporation from entering into licensing rounds, the fourth, in the case decided to continue the work in the implementation of the six contracts concluded with the Kurdistan Regional Government.

The Director General of the Department contracts and licenses Abdul Mahdi al-Amidi, told the Kurdish news agency (Rn) that "the Federal Oil decided to prevent the company the stricken Mobil from working in Iraq as part of the licensing round fourth, because they violated laws that work and fabricated by the Oil Ministry, through a contract with the Government of Arbil Ptnguib six sites oil ".

He added that "the ministry awaiting the official response to the stricken company Mobil, which will be taking the final decision preventing her from working permanently in positions of Iraqi oil."

He Amidi, "The Ministry will put sanctions on the stricken Mobil Corporation, including a suspension of Qurna 1, which company you work for Mobil Aksen developed with Royal Dutch Shell, which amounts to 8 billion and 700 million barrels."

Announced the Office of the Deputy Iraqi Prime Minister for Energy Hussein al-Shahristani, last Saturday, the Iraqi government informed the U.S. oil company (Mobil Aksen) non-legal work in the province of Kurdistan, exploration fields.

The Company announced the stricken U.S. Mobil, which is developing oil fields in the province of Basra, it's got the approval of al-Shahristani to work in the Kurdistan region in the field of oil exploration.

He says the region that the draft law, however, focus the powers of the Federal Government in the management of oil wealth at the expense of the region and the provinces, as it passed by the Council of Ministers, without due process of law.
Under the terms of a Erbil agreements, provided that he agrees on the law of oil and gas, but the region accuse the National Alliance circumvent the conventions and pass the bill without taking into consideration the situation of the Kurds.

The Iraqi cabinet approved a draft law of oil and gas in 2007 but faced a Kurdish objection, observers believe it represents the differences between Erbil and Baghdad on oil revenue sharing and control of some fields in northern Iraq and the Kurdistan region.
The law will determine the party that controls the vast oil reserves, Iraq's fourth-largest reserves in the world and also aims to attract foreign investors.

Iraq seeks to increase capacity over the coming years to reach 12 million barrels per day.