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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


    Iraq got $ 398 billion from oil licensing rounds

    Rocky
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    Iraq got $ 398 billion from oil licensing rounds Empty Iraq got $ 398 billion from oil licensing rounds

    Post by Rocky Sun Feb 28, 2016 12:12 pm

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    2/28/16


    [Licensing contracts is a service contract or to sustain and develop oil and gas fields for decades. It manages the operation of joint committees between the two parties, headed by the Iraqi party's majority owner. This committee decides to production and project implementation plans, [...]
    Confirmed to the parliamentary energy committee, said Iraq received a 389 billion dinars by the oil licensing rounds, and in the time it stressed that the companies did not reach its profit more than one billion and 200 million dollars, said the cost of production per barrel in Iraq does not exceed $ 10.
    The deputy chairman of the Committee, Ali Qubool Bahadli, in a press statement, that 'licensing rounds rescued Iraq, where he was which got $ 389 billion, of which $ 41 billion are costs for companies related to infrastructure costs, which will return after the Iraqi state', noting that 'corporate profits of these licenses does not exceed one billion and 200 million dollars. '
    He Bahadli that 'the cost of producing a barrel in Iraq is between 10 to 11 dollars per barrel', adding that 'talk about the arrival of costing $ 20 and is considered the most important and his words are not careful.'
    The Iraq contracts signed with major international companies in the years 2009 and 2010 to develop oil fields in Basra and Maysan province in order to increase oil production, as these contracts received reservations and objections by some officials and specialists, especially with the drop in oil prices.

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