. Medical and Hospital News .




.
ENERGY TECH
Iraqi Kurdistan says will resume oil exports
by Staff Writers
Arbil, Iraq (AFP) Aug 2, 2012


Iraq's Kurdistan region said it will resume oil exports during the first week of August as a confidence-building measure, after stopping them for more than four months following a row with Baghdad.

Kurdistan halted oil exports to the federal government on April 1 over $1.5 billion it said is owed to foreign oil companies working in the region, that Baghdad has allegedly withheld.

If the exports resume, the move would represent an improvement in relations between Baghdad and Arbil, which have been at a low ebb amid festering disputes over oil contracts and territorial claims.

"Oil exports from the Kurdistan Region will resume in the first week of August, the Ministry of Natural Resources (MNR) announced," a statement posted on the website of the autonomous region's government Wednesday evening said.

"The MNR said that despite initial reluctance from the producing international oil companies (IOCs) in the region to export without guarantees of payment, the IOCs had been persuaded to restart exporting at 100,000 barrels per day (bpd)," the statement said.

It quoted a ministry spokesman as saying that "exports would remain at 100,000 bpd for a month and if payments were forthcoming, they could move swiftly up to 200,000 bpd."

"After approaches made by friends of Iraq in political and diplomatic circles, the KRG (Kurdistan Regional Government) has decided to resume exports from the region to build confidence with the federal government," the region's natural resources minister, Ashti Hawrami, said in the statement.

The aim is "squaring up all the oil and gas issues in Iraq," Hawrami said.

Kurdistan has signed dozens of oil contracts with foreign firms without the approval of Baghdad, which says all such deals must go through the national oil ministry and regards any that do not as illegal.

French oil giant Total became the latest oil major to take a stake in Kurdistan exploration blocks on July 31, joining firms including Chevron and Exxon that have also done so, drawing Baghdad's ire.

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




.
.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries




.

. 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
Exxon Valdez to be dismantled in India
New Delhi (UPI) Aug 1, 2012
The giant tanker Exxon Valdez, involved in one of the world's worst oil spills, can be dismantled at a ship-breaking yard in Gujarat, an Indian court has ruled. When the tanker, now carrying the name "Oriental Nicety," entered Indian waters in May India's Supreme court had said it would not be allowed in until it was decontaminated, the BBC reported. The court has now ruled the G ... read more


ENERGY TECH
Queen, politicians, Nobel winner named to UN social panel

Sri Lanka navy urges Australia to deport boatpeople

Samurai festival returns to disaster-hit Japan

UNHCR official to visit Rakhine state

ENERGY TECH
Mission accomplished, GIOVE-B heads into deserved retirement

Boeing Ships 3rd GPS IIF Satellite to Cape Canaveral for Launch

GPS Can Now Measure Ice Melt, Change In Greenland Over Months Rather Than Years

SSTL announces the launch of exactView-1

ENERGY TECH
Piglets in mazes provide insights into human cognitive development

Genomic study of Africa's hunter-gatherers elucidates human variation and ancient interbreeding

Unprecedented accuracy in locating brain electrical activity with new device

The longer you're awake, the slower you get

ENERGY TECH
Superbird stuns researchers

Captive Lion Reintroduction Programs In Africa Operate Under 'conservation Myth'

Mediterranean earthworm species found thriving in Ireland as global temperatures rise

Research charts growing threats to biodiversity 'arks'

ENERGY TECH
An avian flu that jumps from birds to mammals is killing New England's baby seals

New bird flu virus killing US baby seals: study

HIV-positive Namibians did not okay sterilisation: court

Small breakthroughs offer big hope of AIDS 'cure'

ENERGY TECH
China's online dating market booms: research

China paper says leaders must listen after riots

Hong Kong pushes ahead with patriotism classes

Hong Kong parents protest China patriotism lessons

ENERGY TECH
Somali pirates release Taiwan fishing boat

ONR Sensor and Software Suite Hunts Down More Than 600 Suspect Boats

Netherlands beefs up anti-piracy forces

Incidence, types of marine piracy studied

ENERGY TECH
Sony highlights Japan electronics firms' woes

Outside View: Pressures mount on Fed, ECB

Japan recovering, faces debt, euro risks: IMF

China manufacturing shows 'modest improvement': HSBC


Memory Foam Mattress Review

Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

.

The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - 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