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Iraq grants new concessions to oil companies
Iraq will exclude secondary oil products such as liquefied petroleum gas and dry gas from the revenues of foreign oil companies in new contracts expected to be awarded in June, an oil ministry official said.
In practice, the decision means reducing corporate fees from production.
Iraq's oil producers are currently receiving government fees linked to increases in production including crude and by-products.
Iraq has called on foreign companies to compete for contracts to explore and develop oil reserves in 11 new areas as the OPEC member seeks to boost its production capacity. Finished
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In practice, the decision means reducing corporate fees from production.
Iraq's oil producers are currently receiving government fees linked to increases in production including crude and by-products.
Iraq has called on foreign companies to compete for contracts to explore and develop oil reserves in 11 new areas as the OPEC member seeks to boost its production capacity. Finished
[You must be registered and logged in to see this link.]
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