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Oil plans to reduce the production cost of licensing contracts and profits
Sunday 08/11/2015 0:21
Baghdad news / Baghdad,
confirmed the Iraqi Oil Ministry, that consultations to amend the contracts of oil companies the world working in Iraq "continuous and going quietly," and accused the committee of oil and parliamentary power of former ministry officials to "myopia", predicted that the amendments include the participation to "profit and loss". A spokesman for the Oil Ministry, Assem Jihad, said in an interview I followed "Baghdad News" that "the ministry is continuing in consultation with the international oil companies operating in Iraq, to review licensing contracts obtained by," noting that it "includes a review held every oil field on the unit to reach New agreement on it achieves the benefit of both parties, according to the understanding between them. "Jihad added that" one of the terms of the licensing contracts offers the possibility of revision in the light of variables, "adding that" dialogues with the oil companies are going about quiet so far. "He favored a spokesman for the Oil Ministry, that "Changes on oil licensing contracts include reducing production costs and the percentage of the profits," stressing that "The ministry will announce the details of each contract after the completion of agreed upon with the company concerned." For his part, member of the Commission on oil and energy parliamentary, Aziz Ugaili "The former officials in the Ministry of Oil, did not think the changes that can occur to world oil prices, when they signed licensing rounds decades ", pointing out that they" Think only profit is possible to achieve a timely manner. "He said Ugaili, that" Iraq pay for that minor thinking after falling oil prices and became loss of its share of the unity ", returned to" The current oil minister, Adel Abdul-Mahdi, working to modify some of the terms of licensing contracts by mutual consent, without that it means canceled. "He predicted a member of the Commission on oil and energy parliamentary, that" moving the amendment to the share of loss and profit as the case in the Kurdistan region ", ruling that" the oil companies concerned rejects amendment licensing contracts, "attributing the cause to" Rsantha and its keenness on Iraq's non-market loss, or lack of access to any new investment opportunity in the future. "
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Sunday 08/11/2015 0:21
Baghdad news / Baghdad,
confirmed the Iraqi Oil Ministry, that consultations to amend the contracts of oil companies the world working in Iraq "continuous and going quietly," and accused the committee of oil and parliamentary power of former ministry officials to "myopia", predicted that the amendments include the participation to "profit and loss". A spokesman for the Oil Ministry, Assem Jihad, said in an interview I followed "Baghdad News" that "the ministry is continuing in consultation with the international oil companies operating in Iraq, to review licensing contracts obtained by," noting that it "includes a review held every oil field on the unit to reach New agreement on it achieves the benefit of both parties, according to the understanding between them. "Jihad added that" one of the terms of the licensing contracts offers the possibility of revision in the light of variables, "adding that" dialogues with the oil companies are going about quiet so far. "He favored a spokesman for the Oil Ministry, that "Changes on oil licensing contracts include reducing production costs and the percentage of the profits," stressing that "The ministry will announce the details of each contract after the completion of agreed upon with the company concerned." For his part, member of the Commission on oil and energy parliamentary, Aziz Ugaili "The former officials in the Ministry of Oil, did not think the changes that can occur to world oil prices, when they signed licensing rounds decades ", pointing out that they" Think only profit is possible to achieve a timely manner. "He said Ugaili, that" Iraq pay for that minor thinking after falling oil prices and became loss of its share of the unity ", returned to" The current oil minister, Adel Abdul-Mahdi, working to modify some of the terms of licensing contracts by mutual consent, without that it means canceled. "He predicted a member of the Commission on oil and energy parliamentary, that" moving the amendment to the share of loss and profit as the case in the Kurdistan region ", ruling that" the oil companies concerned rejects amendment licensing contracts, "attributing the cause to" Rsantha and its keenness on Iraq's non-market loss, or lack of access to any new investment opportunity in the future. "
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