07 July 2008

Iraqi - Kuawiti negotiations regarding mutual oil wells

07 July 2008 (Iraq Directory)

Informed sources revealed the existence of Iraqi negotiations - to
discuss the Kuwaiti oil fields shared between the two countries and find
solutions for the problems, Assuring that Iraq is losing 1600 barrels of
oil per day, due to transferring them from Iraqi wells to Kuwait.

The Deputy Chairman of Oil and Gas Committee in the parliament Mohamed
Hussein Al Yassin said: "The common fields between Iraq and Kuwait are
located in Southern Rumaila region "Ratqah" and the Dome of Safwan in Al
Zubayr field are activating efficiently through the use of high
technology precision and maximum possible investment by Kuwait,
especially after the Iraq border demarcation in mid-nineties Of the last
century, Iraq lost 11 oil wells in Rumaila ,and 3 wells at dome of
Safwan and Zubayr region. ";

Yassin pointed out that, the Foreign Ministry conducted dialogues and
negotiations with the Kuwaiti side which is trying to activate the
shared Technical committees, where studying the possibility of these oil
fields, energy of production and stockpile, in addition to each
country's share of this provision and the amount should be withdrawn by
each country. He pointed to the existence of future meetings with the
Iranian side to discuss the issue of stabilizing the border in
accordance with the Treaty of Algiers and for the purpose of knowledge
in fields on the Iraqi side and the Iranian side. He confirmed that
"negotiations between the Iraqi and Kuwaiti sides continued despite the
reluctance, especially Kuwait declared readiness to resolve the border
problems on the fields, which were drilled more than 20 wells in the
area Ratqah and 25 wells in the area opposite the Dome of Safwan on the
Kuwaiti side," warning that the use of Modern technology and
continuously causing exhaust of oil. He continued, Vice Chairman of the
Committee: that there is information indicating that 1600 barrels of oil
moved from Iraq to the Kuwaiti fields daily, calling for the need to end
the file of the fields shared by referring the issue to international
companies specialized in production and determine the share of each
country, calling at the same time, the adoption of modern technology in
the field of oil and out of the complications that prevent development,
as well as the need to focus efforts on the south border near Kuwait to
repair the wells in the region and to reduce the transference of oil to
Kuwait.

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