Dinar Daily
Welcome to Dinar Daily Discussions.

Logging in with your USERNAME allows you to participate in discussions, see what has recently been posted, and other options. Guests can post but they do have limited abilities.

We are NOT a guru forum. We are a dinarian forum. The opinions expressed on the forum do not reflect the of opinion of Dinar Daily specifically, but rather reflect the views of the individual posters only.

Disclamer:

We are in compliance with, "Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use."




Join Us for Dinar Discussions and More -- We Keep it REAL
 
HomeSearchMemberlistFAQLog inRegister
Help Us Drain the SWAMP in DINARLAND

REPORT TONY RENFROW for violating his Court Order to stay away from Dinar -

Judge's email: ksd_murguia_chambers@ksd.uscourts.gov
PHONE - 913-735-2340

DA's email: Scott.Rask@usdoj.gov
PHONE - 913-551-6730
DINAR INFORMATION LINKS

PARTNER SITES
Key Words
Adam Montana, AdminBill, Benjamin Fulford, Currency Exchange, David Schmidt, Dinar, Dinar Guru, Dinar Recaps, Dinar Rv, Dinar Scam, Dr Clarke, Frank26, Gary Larrabee, Gurus, Guru Hunters, JerzyBabkowski, Kaperoni, Kenny, Monetary Reform, Mnt Goat, My Ladies, Okie, Poppy, RamblerNash, Ray Renfrow, Redenomination, Revaluation, Ssmith, TNTBS, Tnt Tony, WING IT, We Are The People, Willis Clark, WSOMN, Yosef, Zap
Share | 
 

 UPDATE 1-Kuwait, Iraq to study developing shared oilfields

Go down 
AuthorMessage
GirlBye
VIP Member
VIP Member
avatar

Posts : 155
Join date : 2018-07-09
Location : So Cal

PostSubject: UPDATE 1-Kuwait, Iraq to study developing shared oilfields    Wed Aug 22, 2018 11:42 am

KUWAIT, Aug 22 (Reuters) - Kuwait and Iraq will appoint consultants soon to study the development of shared oilfields, Kuwaiti Oil Minister Bakhit al-Rashidi said on Wednesday. Production from cross-border oilfields has long been a source of tension between the two OPEC nations.

In the build-up to Iraq’s 1990 invasion of Kuwait, Baghdad accused Kuwait of drilling wells that crossed the border and pumped oil from Iraqi territory. Kuwait denied the charge.

The two countries should agree before the end of the year on plans for the shared fields and also on supplying Iraqi natural gas to Kuwait, the minister said during a visit to Al Doha East power plant, near the capital Kuwait City.

“The shared oil fields project aims at producing oil from border fields,” he said, adding that oil should be extracted by “one company and one team, production will be shared and the cost will be split between the two sides.”


Kuwait and Iraq would pick a consultancy firm to advise on the project from a list of four candidates that the two states have already agreed on, he said, giving no further details.

A project to supply a Kuwaiti petrochemical project with gas from Iraq’s Rumaila field, near the border, is still awaiting final approval by the two countries even though Kuwait said in 2017 a preliminary deal had been reached on the fuel price.

The exports would pay off Baghdad’s final $4.6 billion in war reparations owed to Kuwait for the invasion and occupation between August 1990 and February 1991.

Rashidi said talks were underway to link the electricity grids of the Iraq and the six-nation Gulf Cooperation Council (GCC), which comprises Saudi Arabia, United Arab Emirates, Kuwait, Qatar and Oman, Bahrain.

The power shortage in Iraq sparked protests in Basra and other Iraqi cities in July, as people blamed what they called an inept and corrupt Iraqi government.

Kuwait donated 17 power generators last month to Iraq to alleviate the crisis, state-run Kuwait News Agency (KUNA) reported.

https://af.reuters.com/article/commoditiesNews/idAFL8N1VD17C
Back to top Go down
View user profile
 
UPDATE 1-Kuwait, Iraq to study developing shared oilfields
Back to top 
Page 1 of 1

Permissions in this forum:You cannot reply to topics in this forum
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS-
Jump to: