Baghdad - INA
The Ministry of Oil discussed, today, Thursday, the file of the oil and gas industry in the region.
A statement by the ministry, received by the Iraqi News Agency (INA), stated that "the ministry held with the National Oil Company, in the presence of Minister Ihsan Abdul-Jabbar Ismail, the fourth workshop to discuss the file of the oil and gas industry in the region."
He explained, "The session, which was attended by the two vice presidents of the National Oil Company, included a discussion (a comparison between service contracts and production participation), and a review of partnership contracts concluded in the region compared to the service contracts approved by the ministry in its contracts with international companies, where models of contracts were presented. Discussion and making professional, contractual, financial, legal and other observations.
He added, "The Ministry and the National Oil Company are holding extensive meetings with experts and the relevant committees formed for this purpose, with the aim of developing mechanisms for implementing the Federal Court's decision, in the presence of a number of officials and directors of the relevant departments in the Ministry and the National Oil Company."
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