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Oil and energy: non-payment of dues of the oil companies caused a decline in production
On: Wednesday 28/3/2012 7:04
Baghdad / Rn
declared a member of the Committee on Oil and Energy Council of Representatives, on Tuesday, that the reason for low production of the Kurdistan region of oil due to the reluctance of Baghdad in the payment of the oil companies operating in the region, noting that some parties have sought to not include the budget of 2012 a paragraph on Baghdad to pay the costs of oil production companies operating in the region.
Said Farhad Atrushi member Iraqi parliament from the coalition Kordestani told the Kurdish news agency (Rn), that "the decline rates of crude oil production in the region is linked to non-payment of the Iraqi government receivables oil companies operating in the region in addition to the benefits the region in this regard," denying that the "to do with political differences taking place in the country. "
The Ministry of Natural Resources in the Kurdistan Regional Government has issued a statement, the day before yesterday, pointing out that "the provincial government will resort to stop exporting oil from Kurdistan in the event of continued federal government in Baghdad detention payments due to production companies Oil operating in the region. "
The statement added that "due to production costs and investments that need to be on companies operating in the oil region to do, I have decided the Ministry of natural resources, the territorial Government to reduce its exports of oil to 50 thousand barrels per day," warning that "the ministry had stop the entire oil exports within a month in the event of non-payment of Baghdad dues companies operating in the oil region. "
The Atrushi that "it is reasonable to not pay the companies operating in the province and in turn there will be claimed from the Kurdistan increase its oil exports to 175 thousand barrels day ", but he also said," but, the issue is not the result today because the exports of the province I said because of non-payment of dues of those companies and not on the background of political differences plaguing the country. "
He added by saying that "the failure of Baghdad in the payment of oil-producing companies in the region, the most important reasons for the low oil production of Kurdistan, "adding that" may stand for technical reasons behind the decline in production, but is this time related to non-payment of Baghdad to collect those dues. "
and a member of the Committee on Oil and Energy Parliament that "it seems that the Baghdad government is not serious in payments to companies operating in the the oil region, bearing in mind that someone wants to cancel a paragraph's commitment to the federal government to pay the costs of producing oil in Kurdistan, which will not be accepted by the provincial government, "noting that" the decline in the Region's exports of oil will impact negatively on the Iraqi economy in general. "
According to Atrushi "it is possible to compensate for the shortfall in exports of the region's oil in the coming days and make up the difference to avoid an imbalance in the budget, the Iraqi public," noting that "if there is a further deterioration in the political situation, it will affect many aspects of oil exports and government performance."
reported sources of oil in the Kurdistan Regional Government, early last week, that "in the region an ambitious plan to raise the ceiling on production of crude oil rates rising of 175 thousand barrels per day, to one million barrels per day by 2014 and two million barrels by 2019," indicating that "48 companies foreign oil is currently working in the region representing 18 countries."
and has the KRG oil reserves of 45 billion barrels and embarked Government of the Territory after 2003 put the oil fields to foreign investment.
and inconsistent oil policy in the region with the policy of the federal government in Baghdad, where is the Federal Contracts entered into by the Government of the Territory is unconstitutional and is identical to its oil policy.
and the Council of Ministers approved the Iraqi draft law of oil and gas in 2007 but faced objections Kurd, he sees observers that he represents the differences between Arbil and Baghdad on sharing oil revenues and control over some fields in northern Iraq and the Kurdistan region, Iraq is seeking to increase its oil production in the coming years to reach 12 million barrels a day.
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