Subscribe free to our newsletters via your
. 24/7 Space News .




ENERGY TECH
Iraq PM holds rare talks with Exxon chief
by Staff Writers
Baghdad (AFP) Jan 21, 2013


Iraqi Prime Minister Nuri al-Maliki held talks with ExxonMobil's chief on Monday, a rare meeting with the US energy giant whose disputed deal with the autonomous Kurdish region has drawn Baghdad's ire.

Nuri al-Maliki also appeared to once again rule out production-sharing deals that Exxon has signed with Kurdistan, arguing that Iraq's substantial oil reserves "belong to all Iraqis," an oft-cited phrase in Iraq's constitution that central government officials see as justifying per-barrel service fees.

The meeting was the first between Maliki and Exxon chief Rex Tillerson since the firm signed an agreement in October 2011 for oil exploration with Kurdistan, angering the central government, which has said the US company must choose between its deals with Baghdad and with the autonomous region.

"Iraqis are partners in the oil that is discovered in any part of Iraq, they cannot be partners in Basra and not partners in other areas", Maliki said, according to his office, referring to Iraq's southern oil-rich province.

The statement said Tillerson voiced keenness for Exxon to "continue its work and expand in Iraq" with the US firm's chief also apparently mentioning "important decisions in this area" that would be taken, though no further details were provided.

Exxon and Anglo-Dutch giant Shell completed a deal in January 2010 to develop production at West Qurna-1, an oil field in south Iraq, but late last year, the American company informed Baghdad that it wanted to sell its stake in the project, indicating it would focus on the controversial Kurdish deal.

"I don't think Exxon Mobil will give up West Qurna easily, and if they are forced to, they certainly don't want to burn all bridges behind them," Ruba Husari, editor of the www.iraqoilforum.com website, told AFP.

"Hence their request to meet with the Iraqi PM to communicate their decision directly to him."

The Exxon dispute is one of several between Baghdad and the Kurdish region in Arbil -- the central government also regards other contracts signed by Kurdistan to be illegal because they were not expressly approved by the federal oil ministry.

A row over payments stemming from that dispute pushed Arbil to slash oil production in December.

Despite the drop-off in December, Iraq nevertheless brought in $94.03 billion in oil revenues over the course of 2012, a 13 percent increase compared with the previous year, largely on the back of continually increasing exports.

The country has sought to boost production and exports dramatically in recent years in order to provide much-needed income to fund the reconstruction of its conflict-battered economy and infrastructure.

Iraq has proven reserves of 143.1 billion barrels of oil and 3.2 trillion cubic metres (111.9 trillion cubic feet) of gas, both of which are among the largest in the world.

.


Related Links
Powering The World in the 21st Century at Energy-Daily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








ENERGY TECH
Russia eyes private boost for Arctic energy
Moscow (AFP) Jan 20, 2013
Stalling production and global warming are seeing the Russian government mull breaking up its Arctic energy monopoly and allowing independents to survey some of the world's most coveted oil and gas fields. The idea - debated at a top but private cabinet meeting this week - is still nascent and opposed firmly by the state's natural gas supplier Gazprom and main oil provider Rosneft. But ... read more


ENERGY TECH
US, Europe team up for moon fly-by

Russia to Launch Lunar Mission in 2015

US, Europe team up for moon fly-by

Mission would drag asteroid to the moon

ENERGY TECH
US scientists find evidence of ancient Martian lake

Martian Crater May Once Have Held Groundwater-Fed Lake

Choosing the right people to go to Mars

ChemCam follows the 'Yellowknife Road' to Martian wet area

ENERGY TECH
An Astronaut's Guide

Mathematical breakthrough sets out rules for more effective teleportation

Orion Teamwork Pays Off

Unilever Buys 22 Flights On XCOR Lynx Suborbiter For AXE Campaign

ENERGY TECH
China to launch 20 spacecrafts in 2013

Mr Xi in Space

China plans manned space launch in 2013: state media

China to launch manned spacecraft

ENERGY TECH
ISS to get inflatable module

ESA workhorse to power NASA's Orion spacecraft

Competition Hopes To Fine Tune ISS Solar Array Shadowing

Embassy Gathers Elite Group of Space Policy Chiefs

ENERGY TECH
Suborbital Space Research and Education Conference Scheduled for June 2013

First Ariane 5 Launch For 2013 Ready With Two Birds

Africasat-1a to launch on first Ariane 5 launch in 2013

Roscosmos Releases Report On Proton Launch Anomaly

ENERGY TECH
Earth-size planets common in galaxy

NASA's Hubble Reveals Rogue Planetary Orbit For Fomalhaut B

NASA, ESA Telescopes Find Evidence for Asteroid Belt Around Vega

Kepler Gets a Little Help From Its Friends

ENERGY TECH
Record high radiation level found in fish: TEPCO

NASA Beams Mona Lisa to Lunar Reconnaissance Orbiter at the Moon

New surfaces repel most known liquids

Sustainable reinforcement for concrete has newly discovered benefits




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. 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 Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement