Iraq Oil Report

Plus:
*Power outages and supplies
*Road Map for Iraq Oil Industry

*Western Zagros announces KRG drilling
*Alive in Baghdad: Locals Bring Security to Adhamiya
*War News Radio: Iraq Out Of Work
*Much, much more…

Oil Search announced Tuesday it signed into an 18.75 percent working interest/15 percent revenue interest in a production sharing agreement in southeast Iraqi Kurdistan. Partners, from largest to smallest in share, include Prime (the operator), Petoil, a to be determined third party and the KRG, which maintains a 20 percent revenue interest.

Oil Search is also invested in the Bina Bawi PSA.

To ease power outages which now continue for more than 20 hours a day the Ministry of Electricity is mulling the purchase of warfare helicopters to protect its workers and fight saboteurs, Ali al-Mawsai reports for Azzaman.

A source from the Electricity Ministry in Kurdistan Regional Government affirmed that the ministry will supply electricity power to houses in Arbil and Sulaymaniya at the rate of 10 to 12 hours per day during summer, Alsumaria TV reports.

The General Department for Power Generation has completed a project to supply an extra 200 megawatts to al-Musayab power station, an official ministerial source said, Voices of Iraq news agency reports.

WesternZagros Resources Ltd. Announced it has commenced drilling at Sarqala-1, according to a company release. The well is planned to target four potential reservoirs zones, reaching a total depth of approximately 4,800 metres. Sarqala-1 is expected to take between 120 and 130 days to drill.

Technical and Engineering cadres at Sa’ad State Company, belonging for Reconstruction and Housing Ministry have accomplished 95% of Air Unity Project works in al-Dora Refinery for the sake of middle refineries company, belonging for Oil Ministry, Al Sabaah reports.

A Road Map For Vitalizing The Iraqi Oil Industry, by Hussain Rabia in Middle East Economic Survey (MEES). Rabia is the Managing Director of Entrac Petroleum Lt.

The Iraqi Ministry of Water Resources on Sunday said it will continue with its water projects in Basra province to improve agricultural conditions and increase productivity, citing a high percentage of achievements of its projects in the southern province, Voices of Iraq reports.

Iran’s hard-line newspapers on Monday called on Iraqis to oppose a strategic framework agreement that is being negotiated between Iraq and the United States and accused Iraqi Prime Minister Nouri al-Maliki of caving in to American demands over the pact, The Associated Press reports.

What with one reporter killed, a group of reporters booted out of parliament, another facing censure for writing a “critical” story and a new report on the harassment of journalists in Kurdistan, it’s been another tough week for media in Iraq, Bryan Pearson reports for Variety International. Most shocking event was the murder of Sarwa Abdul-Wahab, 36, a freelance contributor for Iraqi news website Muraslon, in the northern city of Mosul.

Alive in Baghdad: Locals Bring Security to Adhamiya

Source: www.aliveinbaghdad.com

Out of Work: This week on War News Radio we consider Iraq’s unemployment crisis. First, we hear about the difficulties Iraqis face as they look for work. Then, we hear from the owner of one garment factory that closed. And, we find out about the difficulties Iraq has faced as it transitions from a state-controlled economy to a more privatized one. Joblessness is taking a unique toll on women in Iraq. We hear about how the unemployment situation is changing the work environment for women. And finally, we investigate the link between Iraq’s security problems and unemployment.

Sharp increases in food prices have generated a new wave of anti-occupation and anti-U.S. sentiment in Fallujah, Ali al-Fadhily and Dahr Jamail report for Inter Press Service.

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