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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Oil negotiates with foreign companies to reduce production costs

    Rocky
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    • Post n°1

    Oil negotiates with foreign companies to reduce production costs Empty Oil negotiates with foreign companies to reduce production costs

    Post by Rocky Sun 19 Apr 2020, 4:05 pm

    Oil negotiates with foreign companies to reduce production costs

    Sunday, April 19, 2020
     19

    Oil negotiates with foreign companies to reduce production costs
    Baghdad / Al-Sabah
     
    Baghdad is preparing to negotiate with foreign oil companies to reduce production costs by 30 percent without affecting production levels. 
    Abdul Hussein al-Hanin, an adviser to the prime minister, said in a statement to Al-Sabah that "the government has entrusted the Ministry of Oil to enter into negotiations with foreign oil companies operating in Iraq to reduce production costs and operating budgets without affecting the levels of 
    Production". 
    "The goal is to maximize the profit per barrel produced, and the negotiations of the Ministry of Oil will be successful in reducing expenditures, especially since international companies have an interest in joint cooperation with the Ministry of Oil in particular, and the Iraqi government in particular," he said. 
    General".
    Iraq is seeking an agreement with ExxonMobil, Russia's Lukoil, BP and Chinese and Malaysian oil companies operating in Iraq to reduce production costs and operating budgets for the current year by 30 percent and to provide about 3 billion dollars to support the federal budget, which is facing problems in its approval due to low oil prices in the market. 
    Global.
    Iraq relies 95 percent on oil revenues to obtain annual financial revenues to cover the country's federal budget requirements in the absence of a strict system of obtaining additional revenues from trade with neighboring countries, as well as the absence of a tax system that supports budget revenues. 
    Federal.

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