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Oil: Signing a contract that provides revenues in excess of $ 700 million

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Oil: Signing a contract that provides revenues in excess of $ 700 million Empty Oil: Signing a contract that provides revenues in excess of $ 700 million

Post by rocky on Wed 13 Nov 2019, 6:46 am

[size=36]Oil: Signing a contract that provides revenues in excess of $ 700 million[/size]

Economy | 02:45 - 13/11/2019

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BAGHDAD -
The Deputy Prime Minister for Energy and Minister of Oil, Thamer Ghadhban, on Wednesday, signed a contract for the transfer of black oil between the two companies (SOMO) and Iraqi oil tankers, pointing out that it will contribute to achieving additional revenues of more than (700) million annually.
"The ministry is keen to support the national companies and raise their performance and work to the ranks of international companies," Ghadhban said during his sponsorship of the signing ceremony.
The Deputy Prime Minister for Energy, said, "It is a new beginning and a white page and an important step to support and develop the national carrier represented by the Iraqi National Tankers Company, and to strengthen the role of the Oil Marketing Company (SOMO), which is exclusively responsible for contracting operations and marketing of oil and petroleum products in accordance with the law and instructions in force. Maximizing financial revenues supporting the federal treasury.
Ghadban added, "The contract provides for the Iraqi Oil Marketing Company (SOMO) to conclude contracts for marketing black oil from southern refineries (surplus), and the Iraqi Oil Tankers Company for the operations of transport, storage, loading and provision of tankers, the implementation of obligations towards contracts concluded by the company ( Sumo) with international companies in accordance with government instructions, and to achieve the highest financial revenues, "stressing" the expected additional revenues of more than (700) million dollars annually. "
He expected the oil minister, "the quantities of production of black oil from southern refineries next year to more than (20) thousand tons per day."
For his part, said the Director General of the Iraqi Oil Marketing Company (SOMO) Alaa Al-Yasiri, "This contract represents an important step to achieve additional revenues for the federal treasury, according to contracts and mechanisms established with international companies."
Abizaid and: "While the Iraqi oil tankers to transport operations from the Shuaiba refinery to the port and then unloading in a large tanker is a large reservoir in international waters, and then carry it to international companies contracted with (SOMO)."
For his part, said the Director General of the Iraqi Oil Tankers Agency Ali Qais that "this contract represents an important start to re-activity of the Iraqi national carrier represented by the company, and work to upgrade its work and development and expand its activity according to plans prepared for it."
Ministry spokesman Asim Jihad revealed that "the Iraqi Oil Marketing Company (SOMO) to conclude new contracts soon to transport oil products with both the shipping company and the land transport company, which is a form of the Ministry of Transport."
Jihad added, "This comes in an effort by the ministry to support, support and develop national companies and enhance their financial revenues."


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Oil: Signing a contract that provides revenues in excess of $ 700 million Empty SOMO signs a contract with Iraqi oil tankers to achieve $ 700 million annually

Post by rocky on Wed 13 Nov 2019, 6:59 am

SOMO signs a contract with Iraqi oil tankers to achieve $ 700 million annually


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Economy News - Baghdad
SOMO and the Iraqi oil tankers signed a contract to transport black oil on Wednesday.
This contract, according to a statement from the Ministry of Oil, will save $ 700 million annually for state imports.
The signing ceremony was attended by Oil Minister Thamer Ghadhban.
He added, "The contract provides for the Iraqi Oil Marketing Company (SOMO) to conclude contracts for the marketing of black oil from southern refineries (surplus), and the operations of the Iraqi oil tankers to transport, storage, loading and provision of tankers, the implementation of obligations towards contracts concluded by (SOMO) with International companies in accordance with government instructions, and to achieve the highest financial revenues. "
Ghadhban stressed that "the expected additional revenues of more than 700 million dollars annually," and expected "the quantities of black oil produced from refineries of the south next year to more than (20) thousand tons per day."
For his part, said the Director General of the Iraqi Oil Marketing Company (SOMO) Alaa Al-Yasiri, "This contract represents an important step to achieve additional revenues for the federal treasury, in accordance with contracts and mechanisms established with international companies."
Ministry spokesman Asim Jihad revealed that the Iraqi Oil Marketing Company (SOMO) to conclude new contracts soon for the transportation of petroleum products with both the shipping company and the Land Transport Company, a form of the Ministry of Transport.

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Oil: Signing a contract that provides revenues in excess of $ 700 million Empty Iraqi oil concludes a contract with revenues of more than $ 700 million annually

Post by rocky on Wed 13 Nov 2019, 7:01 am

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Iraqi oil concludes a contract with revenues of more than $ 700 million annually




2019/11/13 05:14:08

The Ministry of Oil sponsored on Wednesday the signing of a contract for the transfer of black oil between the companies (SOMO) and Iraqi oil tankers and expectations of achieving additional revenues of more than (700) million dollars annually.
Deputy Prime Minister for Energy Affairs and Minister of Oil Thamer Ghadhban said during his patronage of the signing ceremony that it is a new beginning and a white page and an important step to support and develop the national carrier represented by the Iraqi National Tankers Company In accordance with the law and instructions in force, as well as maximizing financial revenues supporting the federal treasury.
He added that the contract provides for the Iraqi Oil Marketing Company (SOMO) to conclude contracts for marketing black oil from southern refineries (surplus), and the operations of the Iraqi oil tankers to transport, storage, loading and provision of tankers, and the implementation of obligations towards contracts concluded by (SOMO) with International companies in accordance with government instructions, and to achieve the highest financial revenues, stressing that the expected additional revenues of more than (700) million dollars annually.
The Deputy Prime Minister for Energy and Oil Minister predicted that the quantities of black oil produced from southern refineries will rise next year to more than 20,000 tons per day.
For his part, Director General of the Iraqi Oil Marketing Company (SOMO) Alaa Al-Yasiri said that this contract represents an important step to achieve additional revenues to the federal treasury, according to contracts and mechanisms established with international companies, while the Iraqi Oil Tankers Company to transport operations from Shuaiba refinery to the port and Then unloading in a large tanker is a large reservoir in the territorial waters, and then carry it to international companies contracted with (SOMO).
For his part, Director General of the Iraqi Oil Tankers Agency Ali Qais said that this contract represents an important start to re-activate the Iraqi national carrier represented by the company, and work to upgrade its work and development and expand its activity according to plans prepared for it.
Ministry spokesman Asim Jihad revealed that the Iraqi Oil Marketing Company (SOMO) on the conclusion of new contracts soon for the transportation of petroleum products with both the shipping and land transport company, a form of the Ministry of Transport.
 He added that this comes in an effort by the ministry to support, support and develop national companies and enhance financial revenues.


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Oil: Signing a contract that provides revenues in excess of $ 700 million Empty SOMO signs contract with Iraqi oil tankers to transport black oil

Post by rocky on Wed 13 Nov 2019, 7:14 am

[size=35][size=35]SOMO signs contract with Iraqi oil tankers to transport black oil[/size]
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Economie

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2019-11-13 | 06:51
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[/size]


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For his part, said the Director General of the Iraqi Oil Tankers Agency [url=https://www.alsumaria.tv/Entity/556764828/%D8%B9%D9%84%D9%8A %D9%82%D9%8A%D8%B3/ar/]Ali Qais[/url] that "this contract represents an important start to re-activity of the Iraqi national carrier represented by the company, and work to upgrade its work and development and expand its activity according to plans prepared for it."
 
Ministry spokesman [url=https://www.alsumaria.tv/Entity/2351863793/%D8%B9%D8%A7%D8%B5%D9%85 %D8%AC%D9%87%D8%A7%D8%AF/ar/]Asim Jihad[/url] revealed that "the Iraqi Oil Marketing Company ( [You must be registered and logged in to see this link.]  ) to conclude new contracts soon to transport oil products with both the shipping company and the land transport company, which is a form of the Ministry of Transport."
 
Jihad added that "this comes in an effort by the ministry to support, support and develop national companies and enhance the financial revenues of them."
 
The Iraqi Oil Tankers Company (IOTC) is an Iraqi state-owned company specializing in the shipping of crude oil and refined products, established in 1972.


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