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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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Oil Minister announces the most important tasks of establishing the energy company: financing a gian

rocky
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Oil Minister announces the most important tasks of establishing the energy company: financing a gian Empty Oil Minister announces the most important tasks of establishing the energy company: financing a gian

Post by rocky Wed 25 Aug 2021, 8:00 am

Oil Minister announces the most important tasks of establishing the energy company: financing a giant field in southern Iraq

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Oil Minister Ihsan Abdul Jabbar Ismail announced on Wednesday that the cabinet's approval of the establishment of Basra Energy Company aims to be one of the most important pillars of energy transformation and an important element of sustainable development in Iraq.

The oil minister said in a statement received by The Shafq News agency on Monday that one of the company's most important tasks would be to finance the development of the giant Rumaila field in southern Iraq.

At Tuesday's meeting, the Council of Ministers approved the recommendation of the Ministerial Energy Council (109 for 2021) on the restructuring of BP and Petrojaina's participation in the service contract for the Rumaila field/Basra Oil Company, as follows:

1. Exception to article 2 of the Foreign Companies Branch System (2 for 2017);

2. This case is excluded only from the provisions of article (28) of the service contract for the Rumaila field; the restructuring of Rumaila is not fully in line with the provisions of the article mentioned, as the new company and its founders (BP and Petrojaina) will be for administrative regulatory purposes.
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    Current date/time is Tue 21 Sep 2021, 2:53 pm