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Topic: West Qurna Field


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In the News (Thu 26 Nov 09)

  
  Alexander's Gas & Oil Connections - Iraq builds two degassing stations at south oil field   (Site not responding. Last check: 2007-10-13)
The West Qurna field, 75 km (47 miles) north-west of Basra, is considered by some Western observers to be among the largest in the world with proven reserves at about 15 bn barrels.
Most of West Qurna's oil wells were devastated by US and allied bombing during the Gulf War.
He said some fittings and spares for West Qurna were made from the wings and debris of US aircraft shot down during the war.
www.gasandoil.com /goc/news/ntm03722.htm   (452 words)

  
 Opinion - The Prospects for Lucrative West Qurna Field - The St. Petersburg Times. General news from St.Petersburg and ...   (Site not responding. Last check: 2007-10-13)
A change of government is not an acceptable reason to void a contract, and the West Qurna contract should remain valid.
LUKoil will probably keep its stake in West Qurna, although perhaps in a consortium of oil companies, including one or two from the United States and Britain in order to share the benefits of victory more widely.
Few companies would want to take on the challenge -and risk - of developing such a large field on their own and a consortium of oil companies is probably the right way forward.
archive.sptimes.ru /archive/times/862/opinion/o_9281.htm   (936 words)

  
 Safe Haven | Preservation of Capital |
West Qurna is believed to have production potential of 800,000-1 million bbl/d.
In a surprising development, the Iraqi Oil Ministry had announced in mid-December 2002 that it was severing its contract with the Lukoil consortium on West Qurna due to "fail[ure] to comply" with contract stipulations.
Following this, the field reportedly was brought onstream (under a "national effort" program begun in 1999) in May 2002 at 50,000 bbl/d.
www.safehaven.com /forums_showmessage.cfm?id=4557   (1081 words)

  
 Alexander's Gas & Oil Connections - Iraq and Russia continue talks on development West Qurna oil field
The officials, speaking on condition of anonymity, said Kaluzhny, while stressing Russia's continued interest in West Qurna, made it clear to Rashid that Moscow is in no position to flout UN trade sanctions which ban foreign investments in Iraq.
West Qurna is one of the largest undeveloped oil fields in the world with total proven reserves of more than 20 bn barrels.
Full-scale development of West Qurna by Russian firms is expected to cost more than $ 2.5 bn.
www.gasandoil.com /goc/news/ntm95008.htm   (326 words)

  
 Eden Again, Marshland Information - Bibliography
Vetaas, O.R. Gradients in field - layer vegetation on an arid misty mountain plateau in the Sudan.
Zohary, M. The flora of the Desert to the South and West of Basrah, Mesopotamia.
Zohary, M. The flora of the desert to the south and west of Basra, Mesopotamia.
www.edenagain.org /bibliography/allbib2.html   (6287 words)

  
 News Archives 1999
Iraq's Oil Minister Amer Rashid said the CNPC signed a $1.2 billion contract for the billion-barrel Ahdab field, and that Lukoil signed a $3.5 billion agreement for the seven to eight billion-barrel Qurna field.
Anonymous sources report that Lukoil plans to begin developing the West Qurna field as soon as possible.
CNPC plans to begin work on Ahdab, a southern field that has the potential to yield 1 billion barrels.
www.iraqfoundation.org /news/1999/gjul/02_oildeals.html   (281 words)

  
 List of oil fields - Wikipedia, the free encyclopedia
This list of oil fields includes major fields of the past and present.
N.B. Some of the items listed are basins that are comprised of many fields (e.g.
Mid-continent Oil Field, Arkansas, Kansas, Louisiana, New Mexico, Oklahoma, Texas (7.1 billion)
en.wikipedia.org /wiki/List_of_oil_fields   (123 words)

  
 The battle begins for 112bn barrels   (Site not responding. Last check: 2007-10-13)
It is threatening legal action should its existing contract to exploit the massive West Qurna field not be honoured.
Its contract to develop the 8bn barrel West Qurna field was abruptly cancelled by Baghdad in December, ostensibly because Lukoil failed to meet its investment obligations.
The French group's historic interests in the huge Majnoon and Bin Umar fields are well known and, until the end of last year, it had a man on the ground in Iraq.
true-patriot.infopop.cc /eve/ubb.x/a/tpc/f/220601815/m/6906097092/xsl/print_topic   (1125 words)

  
 EurasiaNet Eurasia Insight - Will Russia and America Be Allies in Iraq?
Lukoil signed a contract in 1997 with Saddam Hussein’s regime to develop West Qurna, which is believed to contain a massive 15 billion barrels of oil.
Lukoil chief executive Vagit Y. Alekperov expressed optimism that the deals would "reduce the financial risks and expedite the Qurna field’s commissioning." Iraqi oil officials, though, still claim to be studying the matter.
West Qurna is located in Shi’a territory, south of Baghdad where several opposition groups—including ones supported by Iran—are operating.
www.eurasianet.org /departments/insight/articles/eav110204.shtml   (903 words)

  
 Iraq
Leading Iraqi Oil Ministry officials have promised the West Qurna field would be reserved for another Russian company.
Both of these companies refused to comment on whether negotiations were being held over rights to the field, which has estimated reserves of 3 billion tons.
As far as the Russian companies are concerned, its outcome may depend on the date of the outbreak of the war.
www.westerndefense.org /articles/Iraq/feb03.htm   (617 words)

  
 [No title]   (Site not responding. Last check: 2007-10-13)
Putin's entourage may partly be in the hope that the Bush administration could help Lukoil with a crucial oil interest outside Russia: the huge West Qurna field in Iraq.
West Qurna, which is in southeastern Iraq, could hold 15 billion barrels of oil, according to a 2002 report by Deutsche Bank.
Given the dangers in Iraq and the sabotage of the Iraqi oil industry in particular, work on West Qurna may be years away.
www-personal.umich.edu /~twod/lsacell/web/lsacell/oil/research/teams/russia/nyt_russia_us_oil_contracts_28sep04.txt   (690 words)

  
 The Jamestown Foundation
Moreover, Baghdad has reportedly also pledged to grant Russia rights to develop the remainder of the West Qurna field--an additional 10 billion barrels of oil--if Moscow agrees to begin work despite UN sanctions on Iraq.
Reports yesterday, however, suggested that the Russian delegation to Baghdad--which was led by Energy Minister Viktor Kaluzhny--had made clear to Iraqi leaders that Moscow is not prepared to violate the embargo on Iraq to ensure retention of the oil contract.
The continued standoff over the West Qurna contract appears not to have had an adverse impact on other Russian-Iraqi discussions in Baghdad.
www.jamestown.org /publications_details.php?volume_id=22&&issue_id=1631   (613 words)

  
 Iraq Is Ill-Equipped to Exploit Huge Oil Reserves (washingtonpost.com)   (Site not responding. Last check: 2007-10-13)
The West Qurna oil field in southern Iraq would be a major prize for a foreign oil company to develop and run.
Only 15 of its 73 fields are developed, and no major exploration has been conducted since the beginning of the war with Iran in 1980.
Total's experience at the field, its seismic work and surveying, and its continuing contacts within the oil ministry could be significant competitive advantages, Lechevalier said.
www.washingtonpost.com /ac2/wp-dyn?pagename=article&node=&contentId=A10348-2003Jun3¬Found=true   (1870 words)

  
 Lukoil pushes Iraq field claim. - Apr. 14, 2003
Lukoil, better known as Getty in the United States, is using a contract signed with Saddam Hussein as the basis for a claim for a monster of an oil field known as the West Qurna Field.
The field is estimated to hold somewhere between 7-8 billion barrells of oil.
Lukoil executives saying they will tie up exports from the field for up to eight years, if that is what it takes.
money.cnn.com /2003/04/14/news/international/lukoil   (498 words)

  
 Iraq Cancels LUKoil Contract Again
Monday's announcement seemed not to effect LUKoil's determination to pursue the West Qurna oil field, which holds 7.8 billion barrels (1.11 billion tons).
Iraq also signed a deal with state-owned Soyuzneftegaz to extract 200,000 barrels per day from the Rafidain field in the south of the country and with Tatneft to develop a field in the west.
Al-Najem said the field is estimated to hold 450,000 bpd of recoverable crude.
www.freerepublic.com /focus/f-news/840260/posts   (881 words)

  
 Business - Russian Firms Clinch 3 Oil Deals in Iraq - The St. Petersburg Times. General news from St.Petersburg and ...   (Site not responding. Last check: 2007-10-13)
MOSCOW - Iraq awarded two new contracts to Russian oil companies Friday and gave preliminary approval to another deal in what appeared to be a last-ditch attempt to get Russia on its side as the threat of a U.S.-led military attack mounts.
Iraq announced late last year that it was tearing up the five-year-old deal in a surprise move that threatened to undermine Russia's long-standing ties with Iraq.
Analysts said that the new contracts signed Friday were puny in comparison to the deal for the West Qurna field, which is one of the biggest in the world, and were unlikely to impact Russia's stance on Iraq.
archive.sptimes.ru /archive/times/836/news/b_8415.htm   (803 words)

  
 Russia rips Iraq over oil deal: 12/16/02
MOSCOW -- Russia angrily assailed Iraq yesterday for its decision to cancel a major oil contract with a top Russian company -- a surprise slap from an ally as Moscow pushes for a political settlement in the Iraq standoff with the United Nations.
President Bush has assured Russian President Vladimir Putin that Russia would be a major player in rebuilding a postwar Iraq -- a promise intended to quell Moscow's fears that a new Iraqi government might renege on Baghdad's $7 billion Soviet-era debt to Moscow and snub Russian firms in favor of U.S. and other Western companies.
Khalaf said yesterday that Baghdad had only severed the contract with Lukoil, while the other two companies were still invited to continue their work.
www.s-t.com /daily/12-02/12-16-02/a02wn014.htm   (569 words)

  
 << CounterCurrents.org >>
A Russian oil consortium led by Lukoil signed contracts with Baghdad to exploit the 15 billion barrel Qurna field, but in June the Iraqi Oil Minister Amir Mohammed Rashid accused the Russians of “slackness” and bowing to US pressure not to begin work on the site.
He said that Qurna is currently producing 200,000 bpd, while Majnoun is pumping out 30-50,000 bpd.
Now, we’re talking about giant fields at the tip of the Gulf, on flat ground—not in the wilderness of Alaska or in the isolation of the Caspian Sea.
www.countercurrents.org /iraqoil.htm   (528 words)

  
 Global Vision News Network   (Site not responding. Last check: 2007-10-13)
The West Qurna field has an estimated 11-15 billion barrels in oil reserves.
Similarly, the largest of Iraq's oil fields slated for post-sanctions development is Majnoon, with reserves of 12-20 billion barrels, and located 30 miles north of Basra on the Iranian border.
Putting aside the issue of possible physical damage to the petroleum infrastructure or their deliberate destruction, as Iraqi forces did to Kuwaiti wellheads in Desert Storm in 1991, there is the issue of human casualties.
www.gvnews.net /html/Crisis/alert362.html   (1729 words)

  
 BunkShooter: March 2003   (Site not responding. Last check: 2007-10-13)
In a surprising and somewhat puzzling development, in mid-December 2002 the Iraqi Oil Ministry announced that it was severing its contract with the Lukoil consortium on West Qurna due to "fail[ure] to comply" with contract stipulations.
An American Marine was killed by Iraqis in the advance on the Rumeila oil field.
It's surprising that the first combat death occurred among Americans advancing on an oil field rather than among the British troops facing "tough resistance" by Iraqi troops at Umm Qasr, a coastal Iraqi town.
bunkshooter.blogspot.com /2003_03_01_bunkshooter_archive.html   (12213 words)

  
 Russia may trade debt write-off for Iraqi oil deals
Yet of all the countries excluded from bidding, Russia may have the most at stake because it wants to develop the oil-rich West Qurna and other fields containing some of the world’s largest deposits.
A 23-year, $20 billion deal to develop the West Qurna field was signed in 1997 between Iraq and a LUKoil-led consortium, including Zarubezhneft and Russia’s Mashinoimport.
West Qurna contract was signed between LUKoil and Iraqi government, it is still legitimate, he said.
www.freerepublic.com /focus/f-news/1043936/posts   (1739 words)

  
 MEES@zawya Review of Energy, Finance and Politics   (Site not responding. Last check: 2007-10-13)
Lukoil’s Saddam-era agreement covering the field is in legal limbo and Baghdad’s relations with Moscow are not what they used to be, with many issues still remaining unresolved, not least amongst them the huge Iraqi debt to Russia.
The West Qurna structure was discovered in 1973 and negotiations with the former Soviet Union on the development of the field ensued in the early 1980s.
If an understanding is reached between the Iraqi authorities and Moscow on the West Qurna deal, especially now that a major US oil firm has joined the consortium, then this could set the precedent for similar accords with future consortiums regarding the Chinese and French deals.
www.zawya.com /mees/printstory.cfm?storyid=a47n41a01   (1704 words)

  
 RUSNET :: CIS Today :: 2003/01/15 :: LUKoil Takes Its Oil Case to Iraq
He said LUKoil still considers its contract valid despite a surprise announcement by Iraq late last year that it was tearing up the deal because the oil giant had failed to meet its obligations to develop the West Qurna field, which is thought to hold about 2.5 billion tons of reserves.
LUKoil vice president Leonid Fedoun sharply criticized the Iraqi government for deciding to break the deal, which he said could not be implemented under UN sanctions.
Both of these companies refused to comment Tuesday on whether negotiations were being held over rights to the field, which has estimated reserves of 3 billion tons.
www.rusnet.nl /news/2003/01/15/politics04.shtml   (715 words)

  
 ISN Security Watch - Russia and US, possible allies in Iraq
If, however, they do decide to recognize the 1997 contract and allow Lukoil (with the support of its new US partner) to begin developing West Qurna, Russia’s interests in Iraq would change dramatically.
West Qurna is located in Shi’ite territory, south of Baghdad where several opposition groups - including ones supported by Iran - are operating.
The website presents a variety of perspectives on contemporary developments, utilizing a network of correspondents based both in the West and in the region.
www.isn.ethz.ch /news/sw/details_print.cfm?id=10116   (937 words)

  
 Russian Energy LUKoil cut out of Iraqi oil field   (Site not responding. Last check: 2007-10-13)
Analysts said Sunday these negotiations could have been the final straw for Saddam, who has watched its former ally strengthen ties with Washington in the wake of Sept. 11 and then back the Bush administration in a UN Security Council vote last month that left the way open for a U.S. attack against his regime.
And LUKoil's 1997 contract to develop the West Qurna field, which is expected to produce 600,000 barrels per day, had been the biggest deal signed by any international oil major in Iraq so far with an estimated worth for LUKoil of $20 billion.
LUKoil has said it could not develop the West Qurna field because a UN embargo against Iraq means such activity is against international law.
www.templetonthorp.com /en/news201   (959 words)

  
 Egypt Reference   (Site not responding. Last check: 2007-10-13)
It presents the prehistoric, predynastic, and dynastic phases of that civilization within the context of its contiguous and sometimes conquering neighbors, tracing its history through the Islamic conquest of 642 CE‑although the focus is on dynastic Egypt and its cultural complexity.
While some of these popular expressions may be intriguing to some, the vast majority of enthusiasts display a wholesale ignorance of the academic disciplines involved in Egyptology, as well as a profound lack of familiarity with the vast array of evidence that scholars take for granted.
Experts in each field were recruited to contribute up‑to‑date and authoritative entries on the topics of their expertise.
www.wordtrade.com /religion/worldreligions/egyptreferenceR.htm   (3411 words)

  
 HoustonChronicle.com - Iraq cancels LUKOIL contract in snub to Moscow
The future of Iraq's crude reserves, the world's second largest after Saudi Arabia's, are at the centre of a diplomatic tug-of-war between countries hoping to grab a share of Baghdad's oil wealth once United Nations sanctions are lifted.
Russian oil companies were worried that they could lose the right to develop West Qurna to U.S. supermajors if the United States ousts Iraqi President Saddam Hussein.
Iraq's most prized oil asset, West Qurna is worth $3.7 billion of initial investment and is expected to yield 600,000 barrels a day of oil production.
www.chron.com /cs/CDA/story.hts/business/1699658   (547 words)

  
 Boston.com / Business / ConocoPhillips buys stake in Lukoil   (Site not responding. Last check: 2007-10-13)
Lukoil's 1997 deal to drill at West Qurna, one of the most promising Iraqi oilfields, has hinged on approval of the new Iraqi administration.
At the time, the two companies had agreed to explore and develop a group of oil fields in Timan Pechora with reserves estimated at about 1 billion barrels.
The project was hurt by Russia's refusal to give it the status of a production-sharing agreement, but ConocoPhillips has agreed to work under the normal tax regime and has invested more than $200 million in the project, which is expected to require total investment of $3 billion.
www.boston.com /business/articles/2004/09/30/conocophillips_buys_stake_in_lukoil?mode=PF   (788 words)

  
 [No title]
Things are highly unsettled—both politically and militarily—and we prefer not to put our people at risk." In April, Lukoil Vice-Pres, Leonid Fedun told Russia's Kommersant business daily newspaper the firm would sue any new contender for the field for at least $20 billion and ask international courts to arrest any tankers carrying Iraqi crude oil.
As a result, Iraq last year said the agreement on West Qurna- 2 had been terminated because Lukoil had failed to honor its terms.
That contract was signed in June 1997 to develop Al-Ahdab oil field, said to be a 23 year, $700 million project with an anticipated output of 90,000 b/d.
tomweston.net /Disputes.txt   (577 words)

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