Comments on: KRG oil chief optimistic on agreements

By: Werner

Werner — Mon, 31 Aug 2009 16:53:42 +0000

This is the first time that oil is exported from the Kurdistan region. As there is about 30 international oil companies in Kurdistan there must be agreement of payment soon, otherwise who are willing to invest when there is no assurance about payment?

It`s to bad the dispute between KRG and Baghdad take so long time, but they should put personal feuds aside and think about the future of the country.

By: Mr David Hopkins

Mr David Hopkins — Tue, 11 Aug 2009 15:45:11 +0000

sources state STERLING ENERGY IS ABOUT TO BE TAKEN OVER BY CARLOS BULGHERONI HIS PARTY ARE IN USA CONDUCTING NEGOIATIONS WITH A VIEW TO CARRYING OUT DUE DILIGENCE.
A Tour of the USA ASSETS HAS ALREADY BEEN COMPLETED. ADDAX ARE FULLY AWARE.

By: SALAM

SALAM — Mon, 13 Jul 2009 15:45:43 +0000

KRG SHOULD PAY ACCORDING TO PSA FORMULA,WHEN THEY START PAY THE COST OIL(COMPANIES SHARE) THEN KRG SHOULD THINK IN COMPANIES PROFIT SHARE,ANY ONE CAN EXPLAIN TO ME WHO
SALAM

By: norway

norway — Mon, 13 Jul 2009 07:05:08 +0000

KRG is right. things take a little bit more time when federal government are poorly managed. nobody knows who is in charge in the federal government in baghdad.

By: Cristina

Cristina — Sun, 12 Jul 2009 12:35:46 +0000

What is more: not paying on time comes at a huge cost. The contry's risk premium will make prices for contracts soar. Everybody know what is going on with DNO and others in Kurdistan: they're not being paid and they've done their job.

We live in the time of Internet and its kind of hart to hide things.

By: Oiltech

Oiltech — Sun, 12 Jul 2009 09:52:03 +0000

I agree the former comments. KRG cannot transfer its problems to others.

By: Norway

Norway — Sat, 11 Jul 2009 07:01:45 +0000

Frank is absolutely correct in his comments. They must be paid ASAP!

By: Frank

Frank — Fri, 10 Jul 2009 14:05:35 +0000

I suspect this will make the oil companies operating in the kurdish region very caucious. Why invest any more money there when the contracts of the companies that are now exporting are not being honored? The KRG should pay Addax, Genel and DNO from their own budget until they resolve the dispute with Baghdad, or they will lose all credibility.

By: Frank

Frank — Thu, 09 Jul 2009 22:16:09 +0000

A few months?! How about you pay them within 30 days as stipulated in their contracts, Mr. Hawrami? The fact that the KRG cannot agree with MOO in Baghdad should not be the problem of the companies that you are legally bound to pay according to their contracts.