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The flow of oil stranded ... Iraq and Kuwait towards consensus on the common fields DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

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The flow of oil stranded ... Iraq and Kuwait towards consensus on the common fields

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The flow of oil stranded ... Iraq and Kuwait towards consensus on the common fields Empty The flow of oil stranded ... Iraq and Kuwait towards consensus on the common fields

Post by claud39 on Sun Dec 23, 2018 6:34 pm


[rtl]The flow of oil stranded ... Iraq and Kuwait towards consensus on the common fields[/rtl]

24 December 2018

The flow of oil stranded ... Iraq and Kuwait towards consensus on the common fields 368

[rtl]In a major progress in the file of the oil fields shared between  Iraq andKuwait, is the first of its kind in decades, Iraqi Oil Minister Thamer Ghadhban said that  Kuwait and Iraq have chosen an adviser to study the oil areas on the border between the two countries, and will determine the production policy based on the study, In Baghdad for the "New Arab", that his country is determined to end this file in full, and there is a similar intention from the Kuwaiti side.[/rtl]
[rtl]The oil minister told reporters on the sidelines of a meeting of oil ministers of the Organization of Arab Petroleum Exporting Countries (OAPEC) in Kuwait on Sunday that the consultant will study the two areas adjacent to the border between Iraq and Kuwait, and "based on the study data will take a rewarding productivity policy of the parties." The minister did not mention the name of the consulting firm, but confirmed that it was "a well-known global foreign company conducting consultancy."[/rtl]
[rtl]This comes as the first practical step taken by the two sides with regard to the file of the oil fields in common, most notably the fields of rice, sea, Sabriya, Zubayr, Qurnah, Majnoon and Rumaila. The total reserves of these fields are estimated at more than 100 billion barrels of oil, according to Iraqi oil experts and officials of the South Oil Company, Gas associated with oil, which Iraq is trying to invest in the field of desalination plants and power generation.[/rtl]
[rtl]The file of the fields involved long contracts have been between the two countries several rounds of arbitration and agreements did not resolve the controversy over, because of Iraq's accusation of Kuwait to adopt horizontal drilling in the part of its own fields and the withdrawal of oil located on the Iraqi side, which denies Kuwait.[/rtl]
[rtl]All forms of negotiations between the two countries ended after the Iraqi occupation of Kuwait and the outbreak of the 1991 Gulf War. The border was demarcated under the auspices of the United Nations between the two countries in 1993 with the agreement of the two sides at the time, but the field file was not resolved.[/rtl]
[rtl]"We do not expect the global consultant to finish studying the border fields within months," said an oil official in Baghdad. "The most important thing is to start the solution. There is also a Kuwaiti desire to close the file because the common fields are off and both sides They want production, but a legal correction is needed. "[/rtl]
[rtl]"Solving the common field file is more technical than political," he said. Iraq has 24 oil fields shared with Kuwait, Iran and Syria, including 15 fields are not exploited. 

It was the first announcement of its kind on the file of fields between Iraq and Kuwait in September 2010, when the then Kuwaiti Oil Minister Ahmad al-Sabah announced an initial agreement on the sharing of oil fields in the joint, but the declaration did not follow any actual actions to resolve the file before the declaration of a state Kuwait, in September 2017, signed an Amiri Decree to approve a memorandum of understanding between the Kuwaiti and Iraqi oil ministries on the exploitation and development of joint oil fields, which include the fields of Ratqa and Abdali in northern Kuwait, and the Iraqi side includes Rumaila and Safwan fields in southern Iraq.

"The agreement will not be easy and it will take a long time of consultations, but now the atmosphere is appropriate for this, as is clear from both sides," said Ahmad Abdul Haq al-Salmani, an Iraqi oil expert for the New Arab.[/rtl]
[rtl]He added: "There is technical complexity of the issue concerning the level of land by both countries low or high and the method of drilling and the number of wells and the amount of oil withdrawn from the day and other aspects must be agreed, which is expected to be put by the consulting company on both sides.[/rtl]
[rtl]Mahmoud Wahib, a former adviser to the Iraqi Drilling Company of the Ministry of Oil, which is responsible for the oil exploration and exploration in the country, said that there are several reasons for optimism to resolve the chronic oil dispute between the two countries. The first is the political desire and the second is that the parties chose a neutral company and agreed to accept its evaluation report and final consultation Her that may be a roadmap to the solution.[/rtl]
[rtl]Kuwait Oil Minister Bukhit al-Rashidi said in a press statement last August that Kuwait and Iraq had identified 4 consultants to study the joint oil fields project and would choose one of them soon. Kuwait expects an agreement with Iraq on importing gas and joint oil fields Before the end of this year.[/rtl]
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