[size=36]Oil confirms that companies are obligated to the content and terms of the standard purchase document[/size]
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, the Ministry of Oil confirmed, on Sunday, the obligation of companies to the content and terms of the standard purchase document.
During the signing ceremony, Undersecretary for Extraction Affairs Karim Hattab said, "The ministry is keen to organize work in the oil sector and find the best formulas and mechanisms for cooperation between national companies and international companies, in a way that achieves common goals in accelerating and implementing the ministry's plans to develop oil fields and to sustain and increase production." .
He added, "This document aims to unify and organize the procurement processes for all international companies within licensing rounds, according to mechanisms and items that were prepared and agreed upon in cooperation with foreign and national companies, and through specialized committees and relevant departments."
He noted that "obtaining the approval of the Ministerial Committee for Energy and the Opinion Authority in the ministry to adopt this document," adding that "one of the global consulting offices will be assigned to evaluate this experience after a year, for the best that we are looking for."
For his part, the head of BP in Iraq, Zaid Al-Yasiri, and the representative of the global licensing tour companies, described, according to the statement, that "the signing of this document is a positive step to improve work mechanisms, and this document has been prepared between the ministerial committee and international companies contracting within the licensing round contracts, benefiting from the experiences of The past years, which together we aim to find the best means and mechanisms for contracts and procurement operations, in a way that contributes to accelerating the implementation of development plans for the oil fields.
In turn, the Director General of the Petroleum Contracts and Licensing Department at the National Oil Company, Ali Maarij, praised "the document that regulates procurement operations, according to which international and national companies are committed, and considered it a proactive plan towards developing cooperation mechanisms with international companies," praising the role of the relevant committees in preparing for this document. finished 29/h