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The Ministry of Oil to pay its debts to foreign companies of crude oil
Baghdad-Iraq Press -8 January: The Iraqi Oil Ministry said it had paid all the dues of the oil companies operating in Iraq for the period "(2010 until 2014), and denied the city with 27 billion dollars to foreign companies.
According to a statement of the ministry, said that "some media quoted statements by a member of the Oil and Energy Committee House of Representatives Ibrahim Bahr al-Ulum about the existence of the debt owed by the oil ministry for the benefit of foreign contracting companies amounted to $ 27 billion for the year 2013 and 2014".
The statement pointed out that "the Department of Petroleum Contracts and Licensing wishes to clarify that all of the financial benefits to foreign companies contract has been repaid according to the terms of service contracts for the licensing rounds and all the years starting from 2010 until the end of 2014".
"The amounts received virtually by these companies had been agreed - between them and the State Oil Marketing Company (SOMO) on receipt including equivalent of crude oil, according to the official selling advertised price by Sumo, through the lifting of crude oil shipments were scheduled."
The Ministry of Oil that it "is not a city for foreign companies to contract any financial payments and that the relationship between the two parties going well dominated by full confidence which led to the development of work programs and budgets for the year 2015 according to the plans for the comprehensive development of oil fields all, without any reduction in budgets, indicating contentment contracting companies to invest in Iraq and the recovery of investment amounts, in addition to the wages owed to them profitability ".anthy (1)
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Baghdad-Iraq Press -8 January: The Iraqi Oil Ministry said it had paid all the dues of the oil companies operating in Iraq for the period "(2010 until 2014), and denied the city with 27 billion dollars to foreign companies.
According to a statement of the ministry, said that "some media quoted statements by a member of the Oil and Energy Committee House of Representatives Ibrahim Bahr al-Ulum about the existence of the debt owed by the oil ministry for the benefit of foreign contracting companies amounted to $ 27 billion for the year 2013 and 2014".
The statement pointed out that "the Department of Petroleum Contracts and Licensing wishes to clarify that all of the financial benefits to foreign companies contract has been repaid according to the terms of service contracts for the licensing rounds and all the years starting from 2010 until the end of 2014".
"The amounts received virtually by these companies had been agreed - between them and the State Oil Marketing Company (SOMO) on receipt including equivalent of crude oil, according to the official selling advertised price by Sumo, through the lifting of crude oil shipments were scheduled."
The Ministry of Oil that it "is not a city for foreign companies to contract any financial payments and that the relationship between the two parties going well dominated by full confidence which led to the development of work programs and budgets for the year 2015 according to the plans for the comprehensive development of oil fields all, without any reduction in budgets, indicating contentment contracting companies to invest in Iraq and the recovery of investment amounts, in addition to the wages owed to them profitability ".anthy (1)
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