According to the parliament’s decision, all exports from the fields will now be undertaken by Iraqi state firm SOMO.
The move triggered a protest from Nechirvan Barzani, prime minister of the Kurdistan Region of Iraq, who was cited by Iraqi News as saying, “We reject the decision by the Iraqi parliament to halt the works of a Kurdish company in the oilfields of Kirkuk… The parliament has no right to that.”
Addressing demands from the federal government for a clear “delineation” of the quantities and revenues of oil produced at Kirkuk, Barzani said, “We have come up with a scrutiny formula for the sake of transparency.” The prime minister also said an audit by global firm Deloitte had shown the the Kurdistan Region’s oil revenues were insufficient to cover the salaries of local public servants, a key question in the ongoing budget dispute between Baghdad and Erbil.
Seatrium has been awarded a contract by SBM Offshore for the topsides fabrication and integration of an additional FPSO vessel… Read More
Diamond Offshore has secured a USD 350-million extension for an ultra-deepwater drillship deployed for Anadarko Petroleum in the US Gulf… Read More
ExxonMobil has made a discovery in the Angolan deepwater, the country's energy regulator announced on Monday Read More
TechnipFMC has been awarded an EPCI contract worth up to USD 250 million by Woodside Energy to fabricate and install… Read More
Hungarian refiner Mol Nyrt has inaugurated a USD 1 Read More
Mubadala Energy has made a major deepwater gas find off Indonesia with a potential of at least 56 Read More
This website uses cookies.