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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 responds to a Reuters report on the Total contract: We just need some time

    Rocky
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    • Post n°1

    Oil responds to a Reuters report on the Total contract: We just need some time Empty Oil responds to a Reuters report on the Total contract: We just need some time

    Post by Rocky Tue 15 Feb 2022, 4:14 pm

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    Oil responds to a Reuters report on the Total contract: We just need some time
    February 15 2022
    A $27 billion deal.
    The Oil Ministry responds to a Reuters report on the Total contract: We just need some time
     
    ​Ultra Iraq - Editorial Team
    The Ministry of Oil denied the failure of the agreement with the French company "Total", against the background of a [You must be registered and logged in to see this link.] , which stated that the deal, worth 27 billion dollars, faces obstacles from the Iraqi side.
    The ministry described the report as "inaccurate", calling on news sources to "commit to impartiality and professionalism."
    The ministry's statement stated, "The agreement includes 4 large contracts that include paragraphs and partial and complex obligations, which require some time to be completed, and cannot be implemented or resolved in tight timings, including the paragraph of national oil participation by (40%), according to the esteemed cabinet decision, which requires consensus. Between the two sides about the method and method of participation and financing, as negotiations are now taking place in isolation from the preparations for receiving the contract, which has already begun with a specialized working team consisting of 9 specialists from each side, holding continuous meetings to accomplish the tasks assigned to them.”
    The statement added, "The 6-month transition period begins in early April 2022, with the Artawi field being managed by the Basra Oil Company, and financing by Total, after the required administrative structure has been prepared by the Basra Oil Company, while Total has prepared an ambitious budget." To start development work and increase production.
    The statement stressed, "there is coordination and communication between the concerned specialized teams from each side, with their expectations of achieving advanced steps in the Artawi field development project and other projects by the beginning of 2023."
    The Ministry of Oil denied the failure of the agreement with the French company "Total", against the background of a report published by "Reuters", which said that the deal, worth 27 billion dollars, faces obstacles from the Iraqi side.
    The ministry described the report as "inaccurate", calling on news sources to "commit to impartiality and professionalism."
    The ministry's statement stated, "The agreement includes 4 large contracts that include paragraphs and partial and complex obligations, which require some time to be completed, and cannot be implemented or resolved in tight timings, including the paragraph of national oil participation by (40%), according to the esteemed cabinet decision, which requires consensus. Between the two sides about the method and method of participation and financing, as negotiations are now taking place in isolation from the preparations for receiving the contract, which has already begun with a specialized working team consisting of 9 specialists from each side, holding continuous meetings to accomplish the tasks assigned to them.”
    Read also:  [You must be registered and logged in to see this link.]
    The statement added, "The 6-month transition period begins in early April 2022, with the Artawi field being managed by the Basra Oil Company, and financing by Total, after the required administrative structure has been prepared by the Basra Oil Company, while Total has prepared an ambitious budget." To start development work and increase production.
    The statement stressed, "there is coordination and communication between the concerned specialized teams from each side, with their expectations of achieving advanced steps in the Artawi field development project and other projects by the beginning of 2023."
     
    [You must be registered and logged in to see this link.]
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