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KURDISTAN OIL DEVELOPMENT
INTRODUCTION
This proposal concerns the rational and efficient,
near-term development of up to 1 Million barrels/day
of expanded, made over or new oil production
capacity within a period not exceeding 6 months from
the foundation of an oil development, production and
transportation entity in Kurdistan.
The key elements of this proposal feature the
creation, under international guarantee, of a
400-kms Free Zone, extending eastwards from the
Syrian-Lebanese border on Mediterranean Sea, and
extending to the North, bounded by the currently
inactive DORTYOL pipeline and rail line (built and
owned by French interests) up to Iraqi Border.
Further to this proposal, a concessionary and
operating company will be founded, the Kurdistan Oil
France Company (KOF), incorporating Kurdish and
French interests on a 50/50 basis, together with
allthose necessary, adequate and sufficienct
security provisions and structures in the areas
concerned by this proposal.
OIL RESERVES AND KURDISTAN
Greater Kurdistan covers a large area of territory
currently occupied and/or claimed by Syria, Turkey,
Iraq and Iran. Within the effective area of Greater
Kurdistan, for example as recognized by the Treaty
of Sevres, currently known, proven, inferred and
likely oil reserves (and both associated and
'stranded' gas reserves) are very large. Further,
and prticularly concerning the area made up by the
aforesaid Free Zone, in majority lying in Syrian
occupied territory, he development of oil production
capacities has been deliberately held at a low
level.
Numerous smaller and medium-sized oil fields,
generally capable of production volumes in the
region of 500 – 3000 barrels/day, each, can be
quickly developed and brought into reliable,
long-term operation. Other and numerous oil fields,
currently producing small volumes and relying on
outdated and inadequate or inefficient
installations, equipment and management, can be
quickly made over, renovated or upgraded to yield
much more production, on a reliable and long-term
basis.
Overall, it is fully possible on technical grounds
to obtain the stated objective, of 1 Mbd of new or
expanded production within 6 months following the
foundation of the aforesaid KOF entity, of course
with adequate and effective international
guarantees, and local security, to be provided with
majority Kurdish participation.
FOUNDATION OF KOF
The foundation of an internationally reognised
operating entity is the first step towardsrelaising
the goals of this proposal. KOF, after discussion,
gegotiation and appraisal of all interests by all
partners, may initially be given the objective of
developing and securing reliable oil production
capacity, and the transport of oil to the
Mediterranean Sea, within Kurdish Iraq.
This will concern the eastern extremity of the
proposed Free Zone.
Several advantages may accrue to a programme
featuring this element, that is initial oil
development, etc, in Kurdish Iraq:
1. Kurdish influence and political control in
Kurdish Iraq is now an established an recognized
fact.
2. Current oil field operation, and especially the
transport of oil, is unsure and inefficient, whether
concerning crude or refined products.
3. Establishment of Kurdish control, with provision
of adequate and effective security along the DORTYOL
line and rail line, through the construction of
fortified settlements, will ensure reliable
transportation of oil to the Mediterranean Sea.
PROGRAMMING
It is first necessary to found an international oil
concern of a concessionary nature, charged with the
development, upgrading, and transportation of
Kurdish oil. With French partnership, this would be
achieved through founding an entity such as KOF. In
the case of other partnering interests, for example
US, British or Indian interests expressing interest
and wishing to participate in the foundation of an
operating entity, the name of the entity will be
modified, to become KO Corporation. In all cases,
capital ownership and management responsibility will
be on a 50/50 basis, Kurdish and International
interests.
Following creation of the operating entity,
programming will feature the simultaneous
development or provision of
1. Secure settlements and security facilities along
the DORTYOL line and rail line
2. Oil development, upgrade, renovation and make
overall
3. Construction and supply of all installation and
ancillary equipment, as required.
Through detailed planning and programming, all the
above may be assured within a timeframe not
exceeding 6 months, agfter creation of the KOF or
KOC, with French or other international partners
FINANCIAL AND ECONOMIC ASPECTS
This proposal concerns the creation of an oil (and
associated gas) producing entity with an initial
objective of attaining 1 Mbd of oil production
capacity within 6 months from the incorporation of a
Kurdish-International operating entity, with
adequate and full security in the areas concerned by
this proposal, notably with regard to
transportationfacilities and installations.
At current prices, the turnover value represented by
new or increased oil production of 1 Mbd is
approximately 18 000 Million US dollars/year.
Investment and security provisions may be esimated
provisionally at approximately 3 – 4.5 Bn US
dollars, with relatively low recurring expenses,
costs and charges.
http://www.btinternet.com/~kurd.oil
TE L: 0044 208 378 0928 Fax : 0044 208 378 0928
s.rostam@ntlworld.com
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