Iraq pays Kurd oil contractors: regional premier
Baghdad (AFP) May 6, 2011
Iraq has paid oil contractors in its autonomous Kurdistan region for the first time, the region's premier said in a statement released on Thursday, a significant step in an ongoing energy dispute.
The central government in Baghdad transferred a total of $243 million to contractors working in the Kurdish region, made up of three provinces in Iraq's north, the region's prime minister Barham Saleh said in the statement.
"This confirmation of payment to the KRG (Kurdistan regional government) for the region's contractors amounts to around 50 percent of net revenues derived from the export of over five million barrels of oil from the Kurdistan region between the start of February 2011 and March 27," he said.
The statement said the payment was made as part of an "interim agreement on revenue allocation" agreed between Saleh, Iraqi Prime Minister Nuri al-Maliki, and the national ministers of oil and finance.
The payment is the first made by Baghdad to oil companies working in Kurdistan. It had previously refused to pay amid a row with regional authorities in Arbil.
Kurdish leaders and the central government have squabbled over payments, revenue sharing and Baghdad's refusal to recognise the dozens of oil contracts Arbil has signed with international energy firms.
Iraq currently produces around 2.6 million barrels of oil per day, exporting about 2.1 million bpd, with revenues from crude sales accounting for 90 percent of government income.
Kurdish regional natural resources minister Ashti Hawrami said in the statement that the region is currently exporting around 135,000 bpd, and is projected to increase that to 200,000 bpd by year-end.
Share This Article With Planet Earth
Powering The World in the 21st Century at Energy-Daily.com
Irvine CA (SPX) May 06, 2011
NDR Energy Group has announced that it was awarded a contract to supply natural gas to one of the nation's largest gas distribution companies. The agreement limits NDR Energy from disclosing the customer's name and some details, however the customer has distributed natural gas for over 50 years, and serves more than 2.2 million customers in a service territory that encompasses a large port ... read more
|The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement|