Publishing Date: Sun, 28 Feb 2016 12:24:34 | Views: 40
Committee announced oil and gas in the Basra Governorate Council, Sunday, that foreign oil companies, which is developing a number of oil fields in the province under the licensing rounds postponed the implementation of a number of new projects.
Committee Chairman Ali Shaddad knight in an interview with the news agency today, "The foreign oil companies that develop and operate a number of fields in the province, according to the rounds of licensing decisions have been taken off some of the work and to postpone the implementation of many oil projects, including projects directly related to the increase of oil production "noting that" temporary recession that resulted from lack of consent of the oil Ministry after the annual plans for corporate licenses, as the ministry continues its negotiations with companies in order to reduce field development expenses due to the financial crisis. "
He jockey that "those companies are obliged to submit their annual plans beginning of each year to the oil ministry for consideration and approval," adding that "licenses aims to implement the most number of venture companies, but that the ministry wants to implement the necessary projects just to make the costs less, which means necessarily cancel some of the projects implemented by companies want. "
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