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Special / Iraqi government is seeking to convert to oil licensing partnership contracts instead of fixed and deterministic
2/26/15
BAGHDAD - Iraq Press - February 26: A senior source revealed on Thursday that the government is seeking to transform the current oil companies licensing contracts from fixed and definite to partnership.
A member of the parliamentary finance committee, Jabbar Sharif, L / Iraq Press / "The Ministry of Finance held a few days before an expanded meeting included the Finance Committee in the House of Representatives and the central bank managers and a number of banks to discuss ways to finance the budget deficit and things were raised at the meeting include the transfer companies current oil licensing contracts from fixed to the partnership, "pointing out that" there is a tendency for the government to postpone the long-term soft loans to bridge the budget deficit. "
He said Sharif, "The meeting discussed the financial liquidity crisis and rationalization of expenditure and ways fiscal deficit financing and the completion of obtaining loans from domestic banks and measures", denying at the same time "to seek external borrowing after a plan to cover the deficit from his internal".
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2/26/15
BAGHDAD - Iraq Press - February 26: A senior source revealed on Thursday that the government is seeking to transform the current oil companies licensing contracts from fixed and definite to partnership.
A member of the parliamentary finance committee, Jabbar Sharif, L / Iraq Press / "The Ministry of Finance held a few days before an expanded meeting included the Finance Committee in the House of Representatives and the central bank managers and a number of banks to discuss ways to finance the budget deficit and things were raised at the meeting include the transfer companies current oil licensing contracts from fixed to the partnership, "pointing out that" there is a tendency for the government to postpone the long-term soft loans to bridge the budget deficit. "
He said Sharif, "The meeting discussed the financial liquidity crisis and rationalization of expenditure and ways fiscal deficit financing and the completion of obtaining loans from domestic banks and measures", denying at the same time "to seek external borrowing after a plan to cover the deficit from his internal".
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