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Araji: a critical financial situation of the country and must prove our ability to increase oil production
March 26 / March 2015
[Baghdad-where]
Deputy Prime Minister Bahaa al-Araji, during a meeting with heads of departments and technicians in the oil fields of Dhi Qar, the need to redouble the effort to visit the oil production
A statement by the Office of al-Araji, on Thursday, the agency received all of Iraq [where], a copy of the "al-Araji, this morning visited the Dhi Qar oil fields and Nasiriyah steam power plant, and briefed on the progress of work in the oil installations through the detailed explanation provided by the advanced cadres and the nature of self-reliance in addressing the shortfall with what you need those facilities. "
The statement quoted al-Araji, during a meeting with heads of departments and technicians in the oil fields to say, "When we come to Nasiriyah and get into such a field and see that everything in it is an Iraqi and national, this is evidence that the Iraqi Mind feet and offers a lot but he also needs a lot and in the introduction to the material and moral support. "
He added: "We have received the energy file a few days ago, and we decided to be the beginning of Dhi Qar, and we decided to start from this field in particular as an Iraqi national in all its stages, and what has been done in it according to the possibilities that are not just and all the efforts of its employees, ye deserve it All thanks and respect. "
He said al-Araji, "We have to keep up with scientific development in the world and we do not have to start all, there is a large international companies operating in this area, and advanced staff to benefit from the experience of the operating companies, and this task lies on you in order to develop Amkantm scientific and practical Kabltm."
He said, "Everyone knows that the financial situation in the country is nothing wrong, and so I think that we must redouble our efforts to prove our ability to increase oil production and we will work together to accomplish this goal and the efforts of all employees."
The Finance Minister, Hoshyar Zebari, said on Wednesday that the government intends to manage emergency funds through sales of oil reserves in advance and payment system for the first time and begin economic reforms to amend the oil contracts with major Western companies.
He said Zebari, in a press statement: "not yet quantities details and the value of these sales, known in the oil industry pre-funding but Iraq needs liquidity to fund its military campaign against al Daash To compensate for revenue lost because of falling global oil prices are determined," he said. " Baghdad also plans to change the way it manages its exploration and production contracts with oil companies such as Royal Dutch Shell, BP and Exxon Mobil. "
"And this shift will move Iraq for the first time to adopt a production-sharing contracts under which the division of revenue is a percentage of the services that you get under which oil companies on a specific fee" contracts .anthy
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March 26 / March 2015
[Baghdad-where]
Deputy Prime Minister Bahaa al-Araji, during a meeting with heads of departments and technicians in the oil fields of Dhi Qar, the need to redouble the effort to visit the oil production
A statement by the Office of al-Araji, on Thursday, the agency received all of Iraq [where], a copy of the "al-Araji, this morning visited the Dhi Qar oil fields and Nasiriyah steam power plant, and briefed on the progress of work in the oil installations through the detailed explanation provided by the advanced cadres and the nature of self-reliance in addressing the shortfall with what you need those facilities. "
The statement quoted al-Araji, during a meeting with heads of departments and technicians in the oil fields to say, "When we come to Nasiriyah and get into such a field and see that everything in it is an Iraqi and national, this is evidence that the Iraqi Mind feet and offers a lot but he also needs a lot and in the introduction to the material and moral support. "
He added: "We have received the energy file a few days ago, and we decided to be the beginning of Dhi Qar, and we decided to start from this field in particular as an Iraqi national in all its stages, and what has been done in it according to the possibilities that are not just and all the efforts of its employees, ye deserve it All thanks and respect. "
He said al-Araji, "We have to keep up with scientific development in the world and we do not have to start all, there is a large international companies operating in this area, and advanced staff to benefit from the experience of the operating companies, and this task lies on you in order to develop Amkantm scientific and practical Kabltm."
He said, "Everyone knows that the financial situation in the country is nothing wrong, and so I think that we must redouble our efforts to prove our ability to increase oil production and we will work together to accomplish this goal and the efforts of all employees."
The Finance Minister, Hoshyar Zebari, said on Wednesday that the government intends to manage emergency funds through sales of oil reserves in advance and payment system for the first time and begin economic reforms to amend the oil contracts with major Western companies.
He said Zebari, in a press statement: "not yet quantities details and the value of these sales, known in the oil industry pre-funding but Iraq needs liquidity to fund its military campaign against al Daash To compensate for revenue lost because of falling global oil prices are determined," he said. " Baghdad also plans to change the way it manages its exploration and production contracts with oil companies such as Royal Dutch Shell, BP and Exxon Mobil. "
"And this shift will move Iraq for the first time to adopt a production-sharing contracts under which the division of revenue is a percentage of the services that you get under which oil companies on a specific fee" contracts .anthy
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