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Iraqi Kurdistan Ministry of Natural
Resources puts PSC contracts into public domain
21.9.2011 |
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September
21, 2011
ERBIL-Hewlêr,
Kurdistan region 'Iraq', — As part of the Kurdistan
Regional Government’s ongoing transparency
initiative, the Ministry of Natural Resources is
putting all signed production sharing contracts (PSCs)
for oil and gas in the Kurdistan Region into the
public domain.
The move, announced on Tuesday by Minister of
Natural Resources Ashti Hawrami, means that the PSCs,
their attachments and amendments are now available
to read online at the government website www.krg.org.
Dr Hawrami said, “The Kurdistan Region Oil and Gas
Council, headed by Prime Minister Barham Salih, has
decided to take the next step in implementing our
policy of transparency and commitment to freedom of
information
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Ashti Hawrami, the Ministry of Natural Resources of
Kurdistan. |
in Kurdistan’s oil and gas sector, in line with the
Region’s oil and gas law of 2007.”
The fresh release of documents follows the previous
publication of the PSCs for the producing oil fields
at Tawke and Taq Taq.
Dr Hawrami said that the originals of all PSC
contracts have been submitted to the Energy
Committee of the Kurdistan Parliament.
“These contracts have put the Kurdistan Region of
Iraq firmly on the global energy map, and have
helped to internationalise the economy here after
years of enforced isolation,” Dr Hawrami said. “As a
result, we now know that the Region has potential
reserves of 45 billion barrels of oil and 3-6
trillion cubic meters of gas. We are exporting oil
from the Region for the first time,www.ekurd.netwith
export capacity reaching 200,000 barrels per day by
the end of the year.”
Dr Hawrami added, “Our citizens can see that these
contracts have provided the right balance between
risk and reward, attracting world class
international oil companies from 18 different
countries. Billions of dollars of inward investment
have come to Kurdistan as a result; thousands of
jobs have been created; the provision of electricity
has vastly improved; and the exploration and
discovery process has resulted in discoveries of oil
and gas that will continue to benefit the people of
Kurdistan and Iraq for decades to come.”
Most of the contracts will available to view from
Tuesday, the rest will be uploaded over the next few
days. To access the contracts
click here please .
The contracts, their amendments and attachments are
organized by block name.
Click on a document and it will open in a new
window. Some of the files are quite large, so
patience is required if you have a slow connection.
Copyright ©, respective
author or news agency,
Kurdistan Regional Government - krg.org
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