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Neno's Place Established in 2006 as a Community of Reality


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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


    Among them is weak demand for gas...an economic diagnosis of the “most important” observations on th

    Rocky
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    Among them is weak demand for gas...an economic diagnosis of the “most important” observations on th Empty Among them is weak demand for gas...an economic diagnosis of the “most important” observations on th

    Post by Rocky Mon 13 May 2024, 5:00 am

    Among them is weak demand for gas...an economic diagnosis of the “most important” observations on the licensing rounds

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    Economy News - Baghdad
    [rtl]Today, Monday, the economic expert, Nabil Al-Marsoumi, made a number of observations on the fifth and sixth licensing rounds, while confirming that companies were less attractive to the commercial and contractual conditions associated with gas-focused deals.[/rtl]
    [rtl]Al-Marsoumi said, in a post on Facebook, followed by Al-Eqtisad News, that “there are several observations on the fifth and sixth licensing rounds, including that 10 out of the 12 projects awarded so far in the most recent oil and gas contracting process in Iraq went to Chinese companies.” .[/rtl]
    [rtl]He added: "Among the 13 projects presented on Sunday, seven other projects did not receive any offers, and one project received an offer but was not awarded."[/rtl]
    [rtl]He pointed out, "The second observation is represented by the Chinese companies that won projects, most of which are located in Iraq, as ZhenHua Oil Company manages the East Baghdad field under its local arm EBS, while CNOOC manages a group of oil fields in Maysan."[/rtl]
    [rtl]He stated, “Anton Oil Company (which acquired the Dhafriya oil field in Wasit Governorate) is currently working as the main contractor for oil services in the Majnoon field, which has been managed by the Basra Oil Company since the exit of Shell in 2018,” pointing out that “GeoJade Company is part of From a consortium that recently proposed a project to develop the Tuba oil field in Basra, which is currently managed by the Basra Oil Company.[/rtl]
    [rtl]The third observation, according to Al-Marsoumi, focused on “determining the winning bids based on the wage percentage, as the company proposes the lowest profit margins to win each of the projects that were awarded.”[/rtl]
    [rtl]The economist continued, saying: “The four observations revolve around all the regions and fields that were awarded on the second day of tenders are oil-focused projects, which indicates that companies were less attractive to the commercial and contractual terms associated with gas-focused deals.”[/rtl]
    [rtl]He pointed out that "the largest oil companies in the world have expressed only lukewarm interest in the ministry's latest conditions, and among the non-Chinese companies that previously qualified for the fifth and sixth licensing rounds - including BP, Total Energy, Shell, Eni, and ADNOC, Qatar Energy and Petronas - only two companies have submitted bids so far. Shell and ADNOC submitted a joint bid to buy the Dolla field in Maysan, but they lost to the KAR Group.[/rtl]


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