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Oil Ministry confirms the payment of all dues to foreign companies contracting
08.01.2015
{Baghdad: Euphrates News} Oil Ministry confirmed the payment of all dues to foreign companies and contract according to the terms of service contracts for the licensing rounds.
A statement by the Ministry of Oil and the agency {Euphrates News} received a copy of it today, quoting the Department contracts and petroleum licenses that "all of the financial benefits to foreign companies contract has been repaid according to the terms of service contracts rounds licenses and all the years starting from 2010 until the end of 2014, and amounts received virtually by these companies had been agreed between them and the State Oil Marketing Company {Sumo} to receive including equivalent of crude oil, according to the official selling advertised price by Sumo, through the lifting of crude oil shipments were scheduled. "
He continued, "Accordingly, The Oil Ministry is not a city for foreign companies contracting with any amount of money 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 of the comprehensive development of all the oil fields without any reduction in budgets, which indicates contentment contracting companies on investments in Iraq and the recovery of investment amounts in addition to the wages owed to them profitability ".anthy h
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08.01.2015
{Baghdad: Euphrates News} Oil Ministry confirmed the payment of all dues to foreign companies and contract according to the terms of service contracts for the licensing rounds.
A statement by the Ministry of Oil and the agency {Euphrates News} received a copy of it today, quoting the Department contracts and petroleum licenses that "all of the financial benefits to foreign companies contract has been repaid according to the terms of service contracts rounds licenses and all the years starting from 2010 until the end of 2014, and amounts received virtually by these companies had been agreed between them and the State Oil Marketing Company {Sumo} to receive including equivalent of crude oil, according to the official selling advertised price by Sumo, through the lifting of crude oil shipments were scheduled. "
He continued, "Accordingly, The Oil Ministry is not a city for foreign companies contracting with any amount of money 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 of the comprehensive development of all the oil fields without any reduction in budgets, which indicates contentment contracting companies on investments in Iraq and the recovery of investment amounts in addition to the wages owed to them profitability ".anthy h
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