The conclusion of the Oil and Gas Conference in Kurdistan, with the participation of a broad international
16/11/2011 20:00

Agency (Aji) Italian Press / Erbil / November 16

Concluded today in the capital of Iraqi Kurdistan, Erbil, the work of the international conference "Oil is an investor in Iraq, and potential gas reservoirs", which is the first conference of its kind to be held in Iraqi Kurdistan, and devoted to the oil and gas sector, in which government figures are important And more than 300 delegates, representing energy companies from all over the world.

This conference comes at a critical juncture in the Iraqi political situation procedure, pass the relationship between the central government in Iraq and the Kurdistan Regional Government, Raita conference, the situation of tension because of the failure to reach agreement on the oil law, which passed it a few years without consideration and a vote in the Iraqi parliament.

It is expected of this law organizing the investment of natural resources and responsibilities of both parties and in particular with regard to contracts with international companies. Has contributed to recent agreement between the U.S. company Exxon Mobil and the government of Iraqi Kurdistan in fueling tensions and differences in relationships, considered as the Deputy Prime Minister for Energy and Acting Oil Minister Hussein al-Shahristani, an agreement is illegal.

He said the Prime Minister of the Kurdistan region of Iraq, Barham Salih, at the opening of the Conference "at the time was not far organized such a conference in Kurdistan just a dream." He stressed the importance of the region in building a strong, constructed, and pointed to the gains made ​​by the Government of the Territory in the field of energy. And stated that they were able to conclude a contract with 45 foreign companies and oil export volume reached to 150 thousand barrels per day, which is rising to 175 thousand barrels during the next year (2012).

For his part, the Minister of Natural Resources Ashti Hawrami to the region for the potential wealth of the region's energy reserves and said that the Kurdistan of Iraq's oil up to 45 billion barrels, referring to the large deposits of natural gas. He confirmed that the eighteenth of October, last year witnessed an agreement between the Government of the Territory and the American company Exxon, pointing out that his government had informed the Federal Government course of the negotiations. He described this agreement being to achieve "the best gains for Iraq and all Iraqis." This will bring to the "huge investments into the country."

And the Minister for Natural Resources of the Kurdistan region of Iraq that the region will continue to publish its contracts in line with transparency, in the hope that this will be the way a model for the region.