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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

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    Waste of billions of dollars in the sale of oil deals annually

    Rocky
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    • Post n°1

    Waste of billions of dollars in the sale of oil deals annually Empty Waste of billions of dollars in the sale of oil deals annually

    Post by Rocky Thu 11 Feb 2016, 3:07 am

    [You must be registered and logged in to see this image.] Waste of billions of dollars in the sale of oil deals annually
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    date: Thursday 02.11.2016 4:46
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    BAGHDAD - Abdul Rashid Saleh 
    locked Federal Ministry of Oil intense negotiations with foreign oil companies 
    specialized tours of petroleum licenses, in order to reduce the interest contracts of up to $ 20 per barrel for Iraq to sell, at a time when oil prices dropped to $ 33 per barrel. 
    Revealed Inc. international scrutiny of the documents, for the loss of billions of dollars in the sale of crude oil process during 2013, and that the Iraqi oil Marketing company "Sumo" has obtained more than $ 183 million, compared to sell oil during the year, confirming the existence of the loss in the laden companies crude shipments funds international (oil licensing rounds) to not count towards exports. 
    he said ministry spokesman Assem Jihad said in an interview for "Baghdad news", "the ministry conducted extensive interviews with foreign companies in order to reduce the usefulness of licensing rounds for decades," noting that "the ministry has asked the companies reduce expenses. " 
    Jihad said that" the size of the reduction will be according to what ends him that negotiations with the ministry, "explaining that" there is a directive from the ministry to reduce expenses as much as possible. " 
    He pointed out that" international oil companies affected by all of the drop in oil prices , which make them more understanding of the possibility of reducing the usefulness of licensing rounds, "pointing out that" the ministry has asked foreign oil companies to reduce costs. " 
    for his part, economist nice Ugaili," the main purpose of the oil licensing rounds has been an increase Iraq's production of crude oil in addition to the development of oil installations and is the most important thing, "noting that it" was supposed to have those tours contribute to the development of the infrastructure of the areas that are extracting oil from. " 
    he added Ugaili during his speech for" Baghdad news "," The decline in oil prices revealed that revenue earned by the foreign-based companies is very high tours, which form a significant burden on the state, "stressing that" these companies account for nearly US $ 20 from $ 33 oil revenues per barrel. " 
    identifies US crude settled below $ 30 a barrel as it lost $ 1.20 at $ 29.69, and determined the settlement ore global measurement "Brent" on the low of $ 1.18 at $ 33.88. 
    but the economist said, that "it is assumed that a fixed percentage placed than what you earn oil licensing rounds of how much is exported oil "noting that" the cadre who signed a deal with these companies failed to determine a fixed rate. " 
    he added," oil prices volatile the oil will continue to fall until 2019, especially since Iraq pays for oil firms tours more than the return to it of the proceeds from the sale of oil. " .

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