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OIL AND GAS
Baghdad wants complete control over Iraqi oil, Kurdish prime minister says
by Daniel J. Graeber
Erbil, Iraq (UPI) Jun 5, 2013


German company RWE Dea marks 30 years of operations in Egypt
Cairo (UPI) Jun 5, 2013 - German energy company RWE Dea said Thursday it's produced more than 640 million barrels of crude oil during its 30 years of operations in Egypt.

The German oil and gas company marked Thursday as the 30th anniversary of work in the Gulf of Suez. It's been working through the Suez Oil Co., a joint venture established with the Egyptian General Petroleum Corp.

The company said production from the Ras Fanar, Zeit Bay and Ras Budran fields in Egypt have yielded 640 million barrels of oil since operations began in 1984.

"For 30 years now, we have consistently leveraged new ideas to develop intelligent solutions, using the latest technology, and investing in our infrastructure," Maximilian Fellner, general manager of RWE Dea Egypt, said in a statement. "That's how we have been able to maintain a high level of oil production from these three fields over an extended period of time while ensuring profitability."

British energy company BG Group in May expressed concern about its future operations in Egypt, citing continued diversions of natural gas to the domestic market. No cargoes of liquefied natural gas left Egypt during the first quarter of 2014 for BG Group and the company said its production was down 35 percent from fourth quarter 2013

The German energy company holds shares in 10 oil and gas areas in Egypt covering more than 1,300 square miles.

The Iraqi central government in Baghdad aims to control the issue of oil "completely," the prime minister of the semiautonomous Kurdish government said.

The United Leadership, a crude oil tanker, is parked off the coast of Morocco with more than 1 million barrels of Kurdish oil taken last month from a Turkish sea port.

The Kurdish and central governments are at odds over who controls what in terms of oil. Baghdad said the export is a violation of the national constitution, though the Kurdistan Regional Government contests the allegation.

KRG Prime Minister Nechirvan Barzani told Kurdish lawmakers who controls Iraq's oil is the "big question" in the country.

"[Our] counterparts in Baghdad did not identify 'right' or 'wrong' KRG actions," he said in remarks published Thursday. "They just wanted to control the issue completely."

The central government in Baghdad filed a case at an international court of arbitration in Paris to challenge the export.

The prime minister said the Kurdish government "resorted" to exports from the Turkish port because Baghdad cut its share of the federal budget. Any cooperation with the Turkish government, he said, wasn't part of a move to increase Kurdish autonomy.

"We do not consider this to be a political move to divide Iraq," he said.

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