Iraq oil negotiations begin again
|
|
|
BAGHDAD, Feb. 1 Iraqi oil law negotiations have begun again as a Kurdistan delegation arrived in Baghdad amid speculation over the law's status.The Voices of Iraq news agency reports the team representing the Kurdistan Regional Government is in Baghdad this week to make progress on the few remaining sticking points on a national hydrocarbon law governing oil and natural-gas development in the country.A Kurdish delegation led by Kurdistan Natural Resources Minister Ashti Haurami is currently on a visit to Baghdad to resume negotiations with the federal government on working out a final draft for the oil draft law, KRG spokesman Khaled Saleh said. Iraq has some of the largest oil reserves in the world, but development has been slowed by facilities in disrepair and enduring war and attacks.The law has been touted as a way to increase investment in the country and setting the ground rules for signing contracts, though the increased security situation would prevent any real boots or dollars on the ground.But the central government and the Kurds in the semiautonomous north have yet to agree on who would have final say over contracts and the exact percentage of and mechanism for oil revenue disbursement.Officials of the Iraq Oil Ministry had said the deal had been reached, a claim KRG Prime Minister Nigervan Barazani immediately denied.Iraq produces about 2 million barrels a day currently, down from the nearly 2.6 million barrels daily before the war.Copyright 2007 by UPI
|
|
|
|
|
|
Related News
Baltics reaffirm commitment to new nuclear plant Vilnius - The prime ministers of three Baltic states said Friday they remained committed to the joint construction of a new nuclear power station for the region in which Poland will also have a share. After talks in the Lithuanian capital Vilnius, th...
India, Sweden hold talks on climate change, energy New Delhi - Indian Prime Minister Manmohan Singh and his Swedish counterpart, Fredrik Reinfeldt, Thursday held talks on a wide range of issues in hopes of providing a fresh impetus to bilateral ties in the areas of trade, energy and environment. Sing...
EU's Barroso urges Ukraine to avoid disruptions in gas supplies Brussels - European Commission President Jose Manuel Barroso on Thursday urged Ukraine to do everything in its power to prevent a repeat of last winter's gas crisis, in which a fight with Russia over money cut off supplies to much of Europe. Europea...
Iran favours purchase of nuclear fuel, envoy says - Summary Vienna - Iran favours purchasing nuclear fuel for its research reactor, Tehran's UN ambassador in Vienna said Monday, indicating the country is reluctant to send uranium abroad for reprocessing. That would go against the concept favoured by the Unite...
Timor Sea oil rig catches fire Sydney - A Thai oil exploration company said Sunday its leaking Timor Sea oil well had caught fire. The West Atlas drilling platform operated by PTTEP Australasia in the Montara field 690 kilometres west of Darwin has been leaking around 400 barrels ...
Lawmaker says Tehran reactor to be shut down Tehran - A senior Iranian member of parliament said Saturday that Tehran's research reactor would be shut down in the near future, making the nuclear fuel deal with world powers irrelevant. The Tehran reactor will soon be replaced by the 40-megawatt...
ANALYSIS:Experts gloomy about Iranian uranium deal Vienna - There is little hope that Iran will agree to an multinational deal to reduce its uranium stockpile, experts said Friday, as the plan has got caught up in Iran's fractious internal politics. While the United States, Russia and France have sai...
|
|
|
|
|
|
|
|