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[ltr][rtl]History of edits:: 2016/2/1 14:51 • 79[/rtl] [rtl]visits readable[/rtl][/ltr]
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[Baghdad-where]
The Ministry of Natural Resources in the Kurdistan Regional Government, on Monday, to change the method of payment of financial dues to oil companies operating in Kurdistan.
The ministry said in a statement that the monthly payments offered by the Kurdistan Regional Government to global oil production major, will be based on contractual entitlements under production sharing according to the contract, which governs all license with effect from January 1, 2016, to replace the temporary payment arrangements in place since last September ".
He explained that the company payments for 2016 will reflect the income from each oil field on the basis of net return, taking into account differences in the quality of the extracted crude oil compared to the price of Brent crude, in addition to the discount applicable transportation fees. "
The statement added that in addition to the benefits mentioned above, the Kurdistan Regional Government will pay another batch, the equivalent of five percent of the monthly income of the net return for each field, to compensate for the international oil companies which did not recover dues from the Kurdistan Regional Government ".anthy
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The province change the way payment of financial dues to oil companies
[/ltr][ltr][rtl]History of edits:: 2016/2/1 14:51 • 79[/rtl] [rtl]visits readable[/rtl][/ltr]
[ltr][You must be registered and logged in to see this image.]
[Baghdad-where]
The Ministry of Natural Resources in the Kurdistan Regional Government, on Monday, to change the method of payment of financial dues to oil companies operating in Kurdistan.
The ministry said in a statement that the monthly payments offered by the Kurdistan Regional Government to global oil production major, will be based on contractual entitlements under production sharing according to the contract, which governs all license with effect from January 1, 2016, to replace the temporary payment arrangements in place since last September ".
He explained that the company payments for 2016 will reflect the income from each oil field on the basis of net return, taking into account differences in the quality of the extracted crude oil compared to the price of Brent crude, in addition to the discount applicable transportation fees. "
The statement added that in addition to the benefits mentioned above, the Kurdistan Regional Government will pay another batch, the equivalent of five percent of the monthly income of the net return for each field, to compensate for the international oil companies which did not recover dues from the Kurdistan Regional Government ".anthy
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