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Parliamentary energy demanding the government to negotiate with foreign oil companies to modify the licensing contracts
Sat, March 14 / March 2015
Detection of Oil and Energy Committee member of the parliamentary Razak Mheibes move for his committee to ask the government to hold negotiations to make amendments to the licensing rounds with foreign oil companies for decades.
He Mheibes told all of Iraq [where] that "very keen Committee on activating the investment sector in the oil resources in Iraq and natural resources other, and there is a road plan may be drawn by the Commission that move on the government to listen to the viewpoint of the Ministry of Oil and then meeting companies invested companies rounds licenses, and also listen to the point of view, and then we will ask for negotiations to make adjustments in the contracts with these investment companies and mutual consent with them. "
"As has been the formation of a sub-committee of the Oil and Energy Committee, headed by Ibrahim Mohammed Bahr al-Ulum to activate and stimulate investment in wealth and minerals such as gold, iron, glass, sulfur, and others."
The Oil Minister Adel Abdul-Mahdi, said at a conference of the provinces was held in Basra on the seventh of this month that "licensing contracts with foreign oil companies has produced some of the hurdles and obstacles and, inter alia, the relationship of local governments in these contracts and are now trying to adapt this issue because the contract today between companies The ministry and foreign companies, and if I want to enter a third party, it needs to be consensus and agreements to give the appropriate role for local governments in it. "
The Oil Ministry has denied in the second of this month's news about its negotiation to convert licensing contracts to sharing contracts or they negotiate for the granting of new oil patches on the basis of participation.
The ministry said in a statement that it "negotiate foreign companies are now in the direction of the return of the government partner's share to 20-25%. Add to discuss production programs and rates peak periods execution of contracts, etc., not to mention improve motivation among companies on the one hand, and reduce the financial burden on the state of destination other. "
They pointed out, "there are proposals that are related to the profitability of companies in oil prices and not just a lump sum for each additional barrel, profitability rises with rising oil prices and fall with the deterioration of prices."
While holding a joint meeting last Tuesday between the Ministry of Oil and Ministry of Finance and the Central Bank of Iraq to remedy the consequences of the decline in oil prices and its negative effects on crude oil production rates in these fields, and resulted from the meeting, to agree on the launch of treasury bonds worth 12 billion Dolar.anthy 2
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Sat, March 14 / March 2015
Detection of Oil and Energy Committee member of the parliamentary Razak Mheibes move for his committee to ask the government to hold negotiations to make amendments to the licensing rounds with foreign oil companies for decades.
He Mheibes told all of Iraq [where] that "very keen Committee on activating the investment sector in the oil resources in Iraq and natural resources other, and there is a road plan may be drawn by the Commission that move on the government to listen to the viewpoint of the Ministry of Oil and then meeting companies invested companies rounds licenses, and also listen to the point of view, and then we will ask for negotiations to make adjustments in the contracts with these investment companies and mutual consent with them. "
"As has been the formation of a sub-committee of the Oil and Energy Committee, headed by Ibrahim Mohammed Bahr al-Ulum to activate and stimulate investment in wealth and minerals such as gold, iron, glass, sulfur, and others."
The Oil Minister Adel Abdul-Mahdi, said at a conference of the provinces was held in Basra on the seventh of this month that "licensing contracts with foreign oil companies has produced some of the hurdles and obstacles and, inter alia, the relationship of local governments in these contracts and are now trying to adapt this issue because the contract today between companies The ministry and foreign companies, and if I want to enter a third party, it needs to be consensus and agreements to give the appropriate role for local governments in it. "
The Oil Ministry has denied in the second of this month's news about its negotiation to convert licensing contracts to sharing contracts or they negotiate for the granting of new oil patches on the basis of participation.
The ministry said in a statement that it "negotiate foreign companies are now in the direction of the return of the government partner's share to 20-25%. Add to discuss production programs and rates peak periods execution of contracts, etc., not to mention improve motivation among companies on the one hand, and reduce the financial burden on the state of destination other. "
They pointed out, "there are proposals that are related to the profitability of companies in oil prices and not just a lump sum for each additional barrel, profitability rises with rising oil prices and fall with the deterioration of prices."
While holding a joint meeting last Tuesday between the Ministry of Oil and Ministry of Finance and the Central Bank of Iraq to remedy the consequences of the decline in oil prices and its negative effects on crude oil production rates in these fields, and resulted from the meeting, to agree on the launch of treasury bonds worth 12 billion Dolar.anthy 2
[You must be registered and logged in to see this link.]
