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Shafaq News/ The Kurdistan Regional Government announced, on Friday, that it intends to establish two public companies for oil and gas.
According to a report published by the regional government today, on its vision for managing the oil file, the two companies are the Kurdistan Regional Oil and Gas Company (KROC), which is specialized in the exploration, production and transportation of oil and gas, and the Kurdistan Oil Marketing Company (KOMO), which will be specialized in oil marketing.
And the report, which was reviewed by Shafak News Agency, stated, "It is possible to coordinate between these two companies on the one hand, and the National Oil Company, and the (SOMO) company in the relevant fields on the other hand, and that the coordination of the Federal Ministry of Oil with the natural resources of the Kurdistan Region."
To do all this, the report stipulated “the necessity of restructuring the company (SOMO), amending its bylaw, and making it a federal institution, in which decisions are taken jointly in order to achieve real participation of the Kurdistan Region in that company, and the representative of the regional government has the right of veto with regard to the Kurdistan Region issues.
[url=https://media.shafaq.com/media/arcella_files/1655461725584()%D9%86%D9%81%D8%B7 %D9%88 %D8%BA%D8%A7%D8%B2.pdf]To view the full report,[/url]
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Kurdistan Regional Government intends to establish two oil companies
Shafaq News/ The Kurdistan Regional Government announced, on Friday, that it intends to establish two public companies for oil and gas.
According to a report published by the regional government today, on its vision for managing the oil file, the two companies are the Kurdistan Regional Oil and Gas Company (KROC), which is specialized in the exploration, production and transportation of oil and gas, and the Kurdistan Oil Marketing Company (KOMO), which will be specialized in oil marketing.
And the report, which was reviewed by Shafak News Agency, stated, "It is possible to coordinate between these two companies on the one hand, and the National Oil Company, and the (SOMO) company in the relevant fields on the other hand, and that the coordination of the Federal Ministry of Oil with the natural resources of the Kurdistan Region."
To do all this, the report stipulated “the necessity of restructuring the company (SOMO), amending its bylaw, and making it a federal institution, in which decisions are taken jointly in order to achieve real participation of the Kurdistan Region in that company, and the representative of the regional government has the right of veto with regard to the Kurdistan Region issues.
[url=https://media.shafaq.com/media/arcella_files/1655461725584()%D9%86%D9%81%D8%B7 %D9%88 %D8%BA%D8%A7%D8%B2.pdf]To view the full report,[/url]
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