Subscribe free to our newsletters via your
. Oil and Gas News .




OIL AND GAS
DNO plans more oil exports from Kurdish north of Iraq
by Daniel J. Graeber
Oslo, Norway (UPI) Oct 15, 2014


Private Russian oil company discusses investment in Iraq
Baghdad (UPI) Oct 15, 2014 - Conditions are right to move ahead with further development of the West Qurna oil field in Iraq, the director of Russia's Lukoil said Wednesday from Baghdad.

Iraqi Oil Minister Adil Abdul Mahdi hosted Lukoil President Vagit Alekperov at his Baghdad office to discuss commitments to raise output from the West Qurna field.

First oil was produced from West Qurna, located in southern Iraq, in March. Lukoil, Russia's largest private oil company, signed a contract revision in June to build two 75-mile pipelines and associated infrastructure.

Lukoil said West Qurna is producing more than 280,000 barrels of oil per day. The Oil Ministry said production could hit the 400,000 bpd mark by the beginning of next year.

Alekperov said that, so far, his company has invested $6 billion dollars on operations in Iraq.

"I believe the appropriate circumstances were made for investing in Iraq that guarantees the rights of the investors," he said.

Lukoil in August shipped its first batch of one million barrels from West Qurna from the southern Iraqi port city of Basra.

The shipment came as Iraq struggles to control an uptick in violence, though most of that is centered in the northwest and Kurdish parts of the country.

A new 24-inch oil pipeline from the Kurdish north of Iraq will facilitate exports through Turkey by the end of the year, DNO International said Wednesday.

Swedish energy company DNO, one of the premier operators in the Kurdish north of Iraq, said it was exporting an average 90,000 barrels of oil per day from its Tawke field in the region to Turkey.

Installation of a new 24-inch pipeline from the Tawke field is slated for completion by the end of the year.

"The new pipeline will increase export capacity and provide transportation system redundancy," the company said. "Other upgrades to infrastructure and facilities to increase production and processing capacity at the Tawke field are progressing as planned."

Baghdad and the semiautonomous Kurdish government are at odds over oil exports, with Baghdad saying it's the only one with the constitutional authority to approve oil exports.

DNO said it planned to have new wells in the Tawke field in production by early November. Elsewhere, the company said it found more oil than expected at a license area in Erbil, the Kurdish capital.

The company said this year it set three separate single-day production records at its Tawke field in the Kurdish north of Iraq -- daily production of 133,192 barrels of oil, daily deliveries to the Turkish sea port of Ceyhan of 126,048 barrels and daily sales of 114,760 barrels.

.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





OIL AND GAS
IEA trims forecast for global oil demand growth
Paris (UPI) Oct 14, 2014
Lower economic growth expectations mean the forecast for global oil demand is down, but should recover in 2015, the International Energy Agency said Tuesday. The Paris-based IEA released its monthly market report for October, saying it cut its oil demand prediction for the year by 200,000 barrels per day from the previous month's report to 92.4 million bpd. The IEA attributed the ... read more


OIL AND GAS
Japanese company proposes coal power plant in Myanmar

World Bank, others, failing to address energy poverty

China's economic boom thwarts its carbon emissions goals

U.S., British leaders tout benefits of low-carbon future

OIL AND GAS
Stanford scientists create a 'smart' lithium-ion battery that warns of fire hazard

Cree Power Modules Revolutionize Inverter Platform for Power Generation Systems

Revving up fluorescence for superfast LEDs

New Absorber Will Lead to Better Biosensors

OIL AND GAS
U.S. funding projects meant to make biofuels competitive

Balancing birds and biofuels: Grasslands support more species than cornfields

Researchers Pump Up Oil Accumulation in Plant Leaves

Thermotolerant yeast can provide more climate-smart ethanol

OIL AND GAS
Radioactivity spikes hit Santa's helpers in Norway

Westinghouse Signs Eight Additional U.S. Nuclear Fuel Contracts

French parliament votes to cut nuclear energy reliance

Taiwan reveals new plans to send nuclear waste abroad

OIL AND GAS
EU struggles to agree 2030 climate targets for October summit

Kerry on climate change: Time running out for action

More accurate model for greenhouse gases from peatlands developed

Experts call for widening the debate on climate change

OIL AND GAS
China auto sales up 2.5% in September: industry group

Tesla unveils new electric car for bad weather

Siri can be distraction to drivers: US study

Lamborghini reveals Asterion LPI-910, hybrid supercar that hits 199 mph and gets 57 mpg

OIL AND GAS
Suicide car bomb kills 10 in Iraq's Baquba

Vian Dakhil, the voice of Iraq's Yazidi minority

Obama team wanted US out of Iraq: Panetta

Support for Iraq should respect sovereignty: FM

OIL AND GAS



The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.