Omantribune
Oman Tribune
Omantribune
Omantribune Search News
Web Oman
    Google Search Button
      Tribune
- Oman
- Soccer World Cup
- Other Top Stories
- Middle East
- Business
- Sports
- India
- Pakistan
- Asia
- Europe
- Americas
- Columnists
- Editorial
- Oman Mirror
- Special Features
- Cinema
- PDF Pages
- Weather
- Travel
- Currency Rate
- Hospitals
- Pharmacies
- Services
- Flight Timings
- Museum Timings
Omantribune Home Omantribune About Us Omantribune Advertising Information Omantribune Archives Omantribune Subscribe-Form Omantribune Jobs Omantribune Contact Us
Friday, November 21, 2014  

Iraq bars Turkish firm from oil exploration deal
BAGHDAD Iraq expelled Turkish national energy firm TPAO on Wednesday from a consortium that won an exploration contract in south Iraq, in the latest sign of worsening ties between Baghdad and Ankara.

The two neighbours have been at odds over their responses to the Syrian conflict and Iraq has publicly urged Turkey to hand over fugitive vice-president Tareq Al Hashemi, who has been sentenced to death on charges of running a death squad.

The exploration deal was for a tract of land in  Basra province and had been awarded in May to Kuwait Energy, TPAO and Dragon Oil of the UAE.

“For reasons to do with non-technical issues and outside the responsibility of my office and me personally ... the Turkish company TPAO was excluded from the consortium,” said Abdul Mehdi Al Amidi, head of the ministry’s contracting and licencing department.

“This decision is final, there is no approval to sign the contract for Block 9,” he added, referring to the exploration block in south Iraq. “The decision (to expel TPAO) is from the cabinet.”

Amidi said the contract included provisions allowing companies’ shares to be sold on to others and raised the possibility that Kuwait Energy would take over TPAO’s stake, increasing its share to 70 per cent in the consortium, with Dragon Oil retaining the remaining 30 per cent.

Block 9 is a 900sqkm area near Iraq’s border with Iran, and is thought to contain oil.

The three-member consortium originally won the exploration contract for the block in a May 30-31 public auction in which they agreed to be paid a service fee of $6.24 per barrel of oil equivalent eventually extracted. Amidi did not comment on why TPAO was expelled, but the decision comes amid icy ties between Iraq and Turkey.

Agence France-Presse
NEWS UPDATES
Oman
Sultanate embassies mark National Day
GCC-Stat conveys N-Day greetings
OCI extends help to 2,000 poor in Gaza Strip
Rawiyah, Evan discuss ties
Bank Sohar fetes cyclist who toured region to praise HM
Fahd receives Moroccan official
Middle East
Israel demolishes home of Palestinian in tram attack
5 killed in car blast in Iraqi Kurdish capital
Spanish MPs call for recognising Palestine
Tunisia rappers, media fear censorship after poll
Baghdad, Kurds reach oil deal
Business
Brent crude climbs above $79 on hopes of Opec output cut
Cyber attacks to become more sophisticated
WhatsApp starts encrypting users messages
Shell wins $3b Indian tax row over transfer pricing
M&M gets nod to sell Australian planes in India
Indian rupee hits 8-month low on higher dollar demand
Asian bankers’ conference begins
S. Arabia oil policy uncertainty unleashes conspiracy theorists
Falling oil prices to keep drilling costs lower
Sports
South Africa succumb to Finch-hitting
Oman do well in Beach football
Srikanth and Sindhu win to advance
Ronaldo-Messi duel ends in damp squib
Injured Federer hopeful of making Davis final
F1 showdown could spell double trouble
‘Abu Double’ is artificial: Prost
Bryant reaches NBA career milestone
Delhi down Mumbai to win second straight tie in CTL
Bhupendra excels with bat and ball for ISM against ISWK

Sports


International

© 2013 Oman Tribune. All rights reserved. Best viewed in 800 X 600 resolution