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Chevron buys energy blocks in Iraqi Kurdistan
by Staff Writers
San Francisco (AFP) July 19, 2012



US energy giant Chevron said Thursday it had bought two exploration blocks in Iraq's autonomous Kurdish region, despite Baghdad's protests that such deals are illegal.

"Chevron Corporation announced that its subsidiaries have completed a transaction to acquire interests in two blocks in the Kurdistan region of Iraq," it said in a statement on its website.

The firm said it would acquire 80 percent stakes in the Rovi and Sarta blocks from India's Reliance.

"The blocks are located north of Arbil and cover a combined area of approximately 490 square miles (1,124 square kilometers)," the statement said.

Chevron's announcement came as Iraqi Prime Minister Nuri al-Maliki pledged to take the "necessary steps" if American energy giant ExxonMobil implemented a controversial oil exploration deal with Kurdistan.

The central government says all oil contracts must go through Baghdad and regards any that do not as illegal. It has said in recent months that the deal has been frozen, which Kurdistan has denied.

The spat is one of several between the central government in Baghdad and Kurdish authorities in Arbil.

"We remind the company of its commitments, and the need to follow the recommendations of the government," Prime Minister Nuri al-Maliki said in a statement on his website.

If ExxonMobil did not comply with Iraq's demands that it abandon its deal in Kurdistan, "the government will take the necessary steps to enforce the law and prevent the company from implementing its contracts," the statement said.

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Pipeline fire halts Iraqi crude supplies to Turkey
Istanbul (AFP) July 21, 2012 - Turkish officials Saturday blamed sabotage for a fire on a pipeline carrying Iraqi crude to a Mediterranean port from where it is transported to world markets, Anatolia news agency reported.

The fire on the Kirkuk-Ceyhan pipeline erupted late Friday between the villages of Sogutlu and Senkoy in southeastern Turkey, the governor of Mardin province, Mardin Turhan Ayvaz said, blaming it on "sabotage.

"We have cut the oil flow," he said. "There are no deaths or injuries. Fire fighters are there on the spot."

The 970-kilometre- (600-mile-) long pipeline has been the target of regular attacks blamed by Ankara on the Kurdistan Peoples' Party or PKK, listed as a terrorist organisation by Turkey and by much of the international community.

The group took up arms in Kurdish-majority southeastern Turkey in 1984, sparking a conflict that has claimed some 45,000 lives.

The pipeline to the Turkish port of Ceyhan was last attacked at the end of June.



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ENERGY TECH
Iraq inaugurates giant southern oilfield
Baghdad (AFP) July 18, 2012
Baghdad's top energy official inaugurated a giant oilfield in south Iraq on Wednesday, with a group of Chinese, French and Malaysian firms set to pump 535,000 barrels of oil a day there within five years. The official opening of the Halfaya field in Maysan province comes after Iraq signed three preliminary energy exploration deals with foreign firms, and with the country looking to ramp up o ... read more


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