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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Baghdad obligates international oil companies to involve private sector companies in their projects

    Rocky
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    • Post n°1

    Baghdad obligates international oil companies to involve private sector companies in their projects Empty Baghdad obligates international oil companies to involve private sector companies in their projects

    Post by Rocky Wed 01 Nov 2017, 2:12 am

    [ltr]Baghdad obligates international oil companies to involve private sector companies in their projects[/ltr]

     From 2017-10-31 at 17:44 (Baghdad time)
    [ltr][You must be registered and logged in to see this image.][/ltr]
    [ltr]Baghdad Mawazine News[/ltr]
    [ltr]The Ministry of Oil stressed on Tuesday to "oblige" the Iraqi and foreign oil companies to involve private sector companies to implement the projects "by not less than 10%", while pointing out that it aims to activate the role of the private sector "to establish solid national companies.[/ltr]
    [ltr]The ministry said in a statement that it "decided to direct the national and international oil companies on the need to involve the Iraqi private sector in the implementation of various oil projects, including subcontracting or holding or announced tenders or direct calls," stressing the "need for cooperation by all parties concerned for The private sector has a fair and ideal opportunity by "giving priority and support in the competition for active participation in the implementation of the announced projects."[/ltr]
    [ltr]The ministry added that it "aims through all this to the direction of the Iraqi private sector to establish solid national companies capable of implementing the investment projects announced by the Ministry and oil companies in accordance with the standards and quality and the contexts followed and in order to achieve the contents and positive reasons provided by the Investment Law No. 13 of 2006 and the law Investment in Refineries No. 64 of 2007 ".[/ltr]
    [ltr]The Ministry of Oil stressed the importance of "providing support and support to the private national sector in the establishment of specialized companies, private or joint or mixed or in partnership with Arab or foreign companies, and encourage them to activate the role of national investment in development and economic integration and the use of funds and investments in building and establishing the nucleus of an ideal base and sound from Strong national companies able to gain experience and experience and reach global in a short period of time. "[/ltr]
    [ltr]The ministry pointed out that "in order to achieve the ambitious goals and plans above, and in support of all sincere efforts to develop and develop the Iraqi economy and improve the performance of the sector for private, the ministry directed all national and foreign oil companies to involve the private national sector by not less than 10% in all projects announced by the Ministry and companies As well as the requirement to employ Iraqi manpower and the use of locally manufactured materials. "[/ltr]
    [ltr]The ministry said in its statement that it "obliged the national oil companies to exercise their effective role under the provisions of Law 22 of 1997 (the Public Companies Law) and that the Board exercises its role and powers according to the law above and takes decisions that serve the public interest and achieve the highest benefit to Iraq, "You find that Iraq is full of scientific, technical, engineering and human resources and businessmen and investors who are able to make a quantum leap in the Iraqi economy."[/ltr]
    [ltr]It is noteworthy that the Iraqi government seeks to privatize some projects and investment by the private sector in light of the low oil prices, which affected the general budget of Iraq. Ended 29 / m[/ltr]




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