Foreign firms still reluctant to invest in Iraq’s oil sector

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Foreign firms still reluctant to invest in Iraq’s oil sector

Post by Blackwater_usa on Wed Jul 30, 2008 10:29 pm

Foreign firms still reluctant to invest in Iraq’s oil sector By Ahmad al-Taai -------------------------------------------------------------------------------- 30 July 2008 (Azzaman) Print article Send to friend Foreign firms are reluctant to invest in the country’s service contracts which the Oil Ministry is currently negotiating, Iraqi oil officials and experts said. Iraqi oil officials say they doubt whether any of the firms expressing a willingness to sign service contracts will start work in earnest once they win the deals. Generally, foreign majors are not as keen to enter into oil service deals unless they have some form of guarantee that they will be given preferential treatment with more lucrative contracts concerning the development of new fields. The government is not constitutionally authorized to sign development deals but it has the right to strike service deals with foreign firms. The officials said no such deals would ever be signed unless the stalled oil and gas draft law is passed by the parliament. The draft law is a bone of contention between various Iraqi political factions. It has drawn fire particularly from Iraqi Kurds because in its current shape it curtails their authority over developing fields in their own areas and collecting royalties. The Oil Ministry says if the service contracts go ahead, Iraq will be able to add 1.5 million barrels a day to its current production of about 2.5 million from currently operating fields. Servicing the giant fields of Kirkuk in the north and Rumailah in the south, the officials say, is the best way available for the Oil ministry to boost output at a time of exceptionally high oil prices. The ministry hopes to lift output to nearly 4 million barrels in a short time and cash in on surging oil prices. But it is unclear whether the oil majors, mainly Western firms, would be prepared to service these fields. They have their eyes set on gigantic, yet undeveloped fields in southern Iraq with proven reserves of tens of billions of barrels. But the experts said the companies might change their mind if stability returns to the country. With major military operations going on in the country and others in the pipeline, the firms will certainly think twice before starting their activities.

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Re: Foreign firms still reluctant to invest in Iraq’s oil sector

Post by EL FISCAL DEL PUEBLO on Wed Jul 30, 2008 10:53 pm

The most important thing is to resolve this as the national security of this country that this criticism that the contractor is obvious that to invest must have some guarantees of security and economic issues. The people's procuratorates.

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Re: Foreign firms still reluctant to invest in Iraq’s oil sector

Post by Blackwater_usa on Wed Jul 30, 2008 11:00 pm

Checkpoint in Baquba campaign for disarmament and the prime minister to allocate 100 million dollars for Diyala
By AK
By AK


Published 29.7.2008, 13:30
Published 29.7.2008, 13:30




نيوزماتيك/بعقوبة
Uzmatik / Baquba

أعلن رئيس اللجنة الأمنية في مجلس محافظة ديالى الدكتور حسين الزبيدي أن "القوات المشتركة من وزارتي الدفاع والداخلية بدأت اليوم الثلاثاء حملة تفتيش في أحياء متعددة من مدينة بعقوبة، مركز محافظة ديالى نحو 55 كم شمال شرق بغداد.
The President of the Security Committee of the Board of Diyala province, Dr. Hussein Al-Zubaidi, "the joint forces of the Ministries of Defence and Interior today, Tuesday, began a campaign to revive multiple searches in the town of Baquba, Diyala province, center about 55 km northeast of Baghdad.

وأوضح الدكتور الزبيدي، في حديثه لـ"نيوزماتيك"، أن الحملة شملت أحياء مثل التحرير 4 كم جنوب بعقوبة، والأحياء الغربية 7 كم جنوب بعقوبة، وناحية بهرز 13 كم جنوب بعقوبة.
He explained Dr. Al-Zubaidi, in his speech for "Uzmatik" campaign that included a revival of liberation, such as 4 km south of Baquba, slum 7 km south western Baquba, hand Bahrez 13 km south of Baquba.

وأضاف الزبيدي أن "الحملة، التي تقوم على معلومات استخبارية دقيقة، تهدف إلى إخلاء تلك المناطق من الأسلحة، واعتبارها مناطق منزوعة السلاح، وان لدى قوى الأمن أهدافا محددة وواضحة".
He added that Al-Zubaidi "campaign, which is based on accurate intelligence information, aimed to evacuate those areas of weapons, mind and demilitarized zones, and security forces to specific targets and clear."

وتابع رئيس اللجنة الأمنية في مجلس محافظة ديالى أن "من أهم أهداف الخطة الجارية حاليا إعادة العائلات المهجرة إلى منازلها بالسرعة القصوى ودعمها ماليا"، لافتا إلى أن "رئيس الوزراء نوري المالكي وجه بمنح محافظة ديالى نحو 100 مليون دولار من اجل تأهيل واقعها الخدمي، والشروع بخطة طموحة لإغاثة المناطق المنكوبة، ودفع التعويضات إلى العائلات المتضررة وتوفير فرص عمل لأبنائها".
He went head the security committee of the Council of Diyala province, "one of the most important objectives of the plan currently under way to displaced families to their homes maximum speed and support financially," pointing out that "Prime Minister Nuri al-Maliki in the granting of Diyala province, about 100 million dollars for the rehabilitation and service reality, and begin Relief ambitious plan to stricken areas, and the payment of compensation to affected families and provide jobs for their sons. "

واعتبر الزبيدي في حديثه لـ"نيوزماتيك أن "تعامل القوات الأمنية مع المدنيين أثناء تنفيذ الخطة كان جيدا وإنسانيا، ولم تؤشر أي حالة اعتداء، فقوى الأمن تمارس عملها بمهنية عالية، الأمر الذي زاد من ثقة المواطنين بها وتقديم العون والإسناد لها".
Zubaidi said in his speech for "Uzmatik that" security forces deal with civilians during the implementation of the plan was a good and humane, not an indicator of any cases of assault, security forces operate high professionalism, which has increased the confidence of citizens and provide aid and support them. "

وذكر الزبيدي أن "مجلس المحافظة خاطب قيادة عمليات ديالى، قبل أيام لإشراك اللجنة الأمنية في مجلس المحافظة في تنفيذ الخطة الأمنية، ووافقت قيادة العمليات، إلا أن قرارا من الجهات الأمنية العليا رفض الأمر، لذا اقتصر دور اللجنة الأمنية في المجلس على الدعم الإنساني للمناطق والأحياء التي يتم تحريرها، وتقديم المساعدات لها".
Zubaidi said that "the provincial council addressed the command of Diyala, a few days ago to involve the security committee in the provincial council in implementing the security plan, and agreed operational command, but the decision by the security authorities refused to be higher, so only the role of the security committee of the Council on the humanitarian support to the regions and districts Being edited, and providing assistance to them. "

وأشار الزبيدي إلى "انعقاد العديد من اجتماعات ومؤتمرات العشائر في بعقوبة ومناطق أخرى من المحافظة بهدف إيضاح حقيقة العملية الأمنية، والنتائج الايجابية التي تنتج عن تعاون أبناء العشائر مع القوات العراقية"، مؤكدا أن "العملية لا تستهدف مكونا اجتماعيا بذاته، بل تستهدف كل المطلوبين الذين ارتكبوا أعمال عنف بحق أبناء المحافظة".
Zubaidi pointed to "the many meetings and conferences clans in the capital and other regions of maintaining order to clarify the fact that the security operation, which produces positive results from the cooperation of the sons of the tribes with the Iraqi forces," stressing that "the process does not target social component alone, but all aimed at those who wanted Have committed acts of violence against children to maintain. "

وكانت القوات العراقية بدأت في الساعة الخامسة من فجر اليوم الثلاثاء حملة أمنية في محافظة ديالى سميت "بشائر الخير".
The Iraqi forces started in the five o'clock at dawn today, Tuesday, a security campaign in Diyala province, called the "augurs well".

وقال قائد القوات البرية في وزارة الدفاع الفريق الركن علي غيدان في مؤتمر صحفي عقده في معسكر سعد، 8 كم شرق بعقوبة، إن "العملية تهدف إلى القضاء على تنظيم القاعدة والخارجين على القانون".
The commander of ground forces in the Ministry of Defence Staff working on Guido in a press conference held at Camp Saad, 8 km east of Baquba, said "the process aimed at the elimination of Al Qaeda and law-breakers."

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