An Iraqi delegation will visit Kuwait next week to finalize an agreement to export gas to Kuwait, Iraqi Oil Minister Jabbar al-Luaibi said, stressing that negotiations with Kuwait are about exporting 50 million cubic feet per day of gas to 150 million and 200 million.
Al-Liibi’s remarks came during a press conference on the sidelines of the preparations for the OAPEC meeting in Kuwait.
He said Allaibi that “an Iraqi delegation will visit Kuwait next week to finalize an agreement to export gas to Kuwait,” pointing out that “the gap narrowed between the Kuwaiti and Iraqi sides on the price of gas exports to Kuwait.”
“The negotiations with Kuwait revolve around the export of 50 million cubic feet per day of gas increases to 150 million and 200 million,” he said.
The Iraqi Oil Minister pointed out that “the OAPEC meeting in Kuwait did not discuss the use of oil paper to put pressure on the issue of Jerusalem.”
“I expect oil to remain at $ 60 a barrel in 2018,” he told reporters.
He pointed out that “the current production of Iraq is between 4.350 million barrels per day and 4.360 million barrels per day.”
“We intend to finish the pipeline between Ceyhan and Kirkuk in one year,” the Iraqi oil minister said of his country’s efforts to build the pipeline between Ceyhan and Kirkuk.
On the development of oil production from the fields of Kirkuk revealed Allaibi said, “I plan to visit the Kirkuk field next Thursday, accompanied by the CEO of BP to activate the agreement.”
“We have a memorandum of understanding with BP to assess the Kirkuk field in order to increase its production and improve the reservoir,” he said.
On the oil agreement announced by Baghdad yesterday with Iran on the export of oil from the fields of Kirkuk through the basin to Iran, said Allaibi “Our agreement with Iran to exchange crude oil between 30 and 60 thousand barrels per day and one year, we look at the possibility of renewal.”
Oil Minister Jabbar Ali al-Luaibi is participating in the meeting of the Organization of Arab Petroleum Exporting Countries (OAPEC) and the Golden Jubilee celebrations of OAPEC in Kuwait, in the presence of a number of oil and energy ministers of the OIC member countries.