Shahristani: Iraq has 11 percent of the total world oil reserves

Babinaoz (Reuters) – Deputy Prime Minister for Energy, Hussein al-Shahristani said Iraq has 11 percent of the total oil reserves worldwide. A statement of the office with him say in a lecture entitled «Iraqi contribution in the international response to the challenges of energy crisis» he delivered at the Indonesian foreign policy yesterday: that «Iraq has large stocks of oil and gas, as it has about 11 percent of the total global oil reserves, in addition to a large stock of gas will be invested in the coming years».

The Minister of Oil Abdul Karim and coffee has declared that Iraq’s reserves of crude oil substance of 143 billion barrels and 129 trillion cubic meters, 3 of gas.

Shahristani said that «there are more than 400 sites in Iraq’s hydrocarbon potential has not been excavated, and by satellite surveys are likely to contain large stocks of oil and gas».

He also noted that «Iraq had large quantities of natural gas will increase its capacity to export gas to high levels in the coming years».

On the other hand, al-Shahristani briefed on the process of production at the fertilizer plant Kopok Puja, located in West Java.

He said in a speech delivered in front of factory officials that Iraq is planning to be a major producer of fertilizers in the world, because the land is rich in natural gas and phosphate.

He continued: «Indonesia’s large agricultural countries and need to fertilizers, we can cooperate together in order to achieve the interests of our two countries».

In the meantime, the Kurdistan Alliance, acknowledged that three of the six contracts it signed with the Kurdistan Regional Government, Exxon Mobil, the U.S. include the disputed areas.

He warned Prime Minister Nuri al-Maliki last week that the contracts for ExxonMobil U.S. oil with the Kurdistan region represents a serious gesture, stressing that he would go to the «maximum degrees to preserve the national wealth», according to a media adviser.

Exxon Mobil signed on October 18 last contract with the Kurdistan Regional Government of Iraq to invest six oil fields, some of which falls within the disputed areas in Nineveh, which was rejected by Baghdad and considered illegal.

A member of the Alliance Farhad Atrushi in a statement quoted by Alsumaria TV: The «contracts signed by the Kurdistan Regional Government with Exxon Mobil, the U.S. of six decades, three of which include the disputed areas», adding that «one of which includes the elimination Sheikhan, which constitutes the Kurds 80 percent of the proportion of its population and the rest are Christian and Shabak », he says.

The subject of the disputed areas of the legal management of the federal government, according to legal advisers, the «disputed areas means that it outside the Department of the Kurdistan region and not part of it and subject to the management of the Centre».

He Atrushi that «those contracts unconstitutional and signed in accordance with Article 112 of the Constitution first and second paragraphs, and the agreement reached between the Government of the Territory and the central government during the year 2006», wondering why «was silence for decades, the 43 signed by the KRG with foreign companies different and wondering about those contracts only? ».

Article (112) of the Constitution reads as follows: »First: The federal government will administer oil and gas extracted from current fields with the governments of producing regions and provinces, that the revenues will be distributed in a fair proportion to the population distribution across the country, with a quota for specific to the regions affected, which has been denied unfairly by the former regime, which were damaged after that, to ensure balanced development in different parts of the country, and shall be regulated by law.

Second: The federal government and governments of producing regions and provinces together will draw up strategic policies for the development of oil wealth and gas, so as to achieve the highest benefit to the Iraqi people, relying most modern techniques of market principles and encouraging investment ». Atrushi denied reports that mediate the Kurdistan region b »a secret deal between Exxon Mobil and the Governor of Nineveh Ethel Nujaifi to extract the oil from the province», calling at the same time to ask for Nujaifi signed contracts or not ».

The media advisor to Prime Minister Ali al-Moussawi revealed in (19 June now), that al-Maliki is moving now to prevent the transaction may be between the KRG and the governor of Nineveh, with Exxon Mobil to invest in oil in the disputed areas to maintain, while between that there are documents and information indicating the existence of «suspicious package», he stressed that the deal was that it would have serious implications for the unity of the country.

In turn, MP Ali Fayad, Vice Chairman of the Commission on oil and energy for the formation of a special committee of the Commission on oil to visit the province of Nineveh, a fact-finding on officials to hold talks with the province of Kurdistan oil on the file.

The hospitality in a statement (Center Brief Media Network Iraq): The «committee of six MPs led by MP Adnan al-Janabi, head of the oil, energy, and MP Ali Fayad and MP Farhad Atrushi and MP Furat al-Shara and MP Uday Awad and MP Mutashar Samurai», pointing out that the Committee will be held meetings with various officials in the province of Nineveh to find out the rumors about the talks between the oil region and the province. In the meantime, the newspaper »Bass» Kurdish Iraqi government is concerned about the diplomatic moves of the officials in the province of Kurdistan.

The newspaper quoted sources as described Palmtalaah There are 38 refinery informal and illegal in the administrative border of the province of Arbil, and that these refineries did not get a break from the Kurdistan Regional Government, as confirmed hermit reconcile member of parliament of Kurdistan and the Rapporteur of the Committee on Industry, in which the newspaper that there are more than 100 refinery is legal in the Kurdistan region and that most of them located within the province of Arbil.