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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


    Parliamentary Energy calls for the revision tours licenses and expert attribute the imbalance to "ma

    Rocky
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    Parliamentary Energy calls for the revision tours licenses and expert attribute the imbalance to "ma Empty Parliamentary Energy calls for the revision tours licenses and expert attribute the imbalance to "ma

    Post by Rocky Mon 22 Aug 2016, 3:32 am

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    Parliamentary Energy calls for the revision tours licenses and expert attribute the imbalance to "management and corruption."


     Baghdad / Zahraa Hamid 

    I went back to the Oil and Energy Committee in the House of Representatives, on Saturday, that the licensing rounds , the "worst" contracts for Iraq in a decade, and invited to revisit them, and with the oil ministry confirmed "no possibility" to cancel those contracts, expert stressed that "poor" those management tours and "corruption" , which wasmarred by causing a "double production costs" on Iraq. 

    Mezni: the worst contracts Iraq in a decade 
    , said the energy Committee member of the parliamentary Mazen Mezni in an interview (long - Presse) that " the oil licensing rounds decades its current form is the worst concluded by Iraq with international companies within a decade , "noting that, those" contracts handcuffed Iraq indebtedness for generations to come, as the duration exceeding quarter of a century. " 
    He called Mezni, to the need to " re - examine the structure of those contracts , "adding that" the former oil minister Adel Abdul - Mahdi pledged to negotiate with the international oil companies involved in this matter but was unsuccessful in that. " He Mezni , a deputy from the Liberal bloc, that "Abdul - Mahdi had wanted torevisit those contracts but having control of the decision within the ministry figures prevented this , " calling, the new oil minister, to "re - examine those who claim to be experts in the ministry and to use with other than qualified . " 

    oil: You can not cancel the licensing rounds decades but modified 
    its part , confirmed the Ministry of oil," not possible " to cancel the licensing rounds decades, despite thepossibility of modification and recognized the existence of " cons "management of funds derived from thelicensing rounds , but" not responsible " for them. 
    he Ministry spokesman Assem Jihad, in an interview (long - Presse) that " the licensing rounds decades has made ​​Iraq a lot of money and contributed to the development of the oil sector and increase production , " pointing out that "these contracts spanning more than twenty years, so it can not be repealed." 
    He said Jihad, that " the ministry is working on a review of those contracts have already been able to amend some of its provisions , including the public interest , " adding that there is "Notes on some of the clauses ofthese contracts will be amended with the agreement of the international companies." 
    He continued jihad, that " the ministry waiting see the new minister on licensing rounds ", acknowledging that there are " worse in the funds management of licensing rounds , but not by the Ministry of oil. " 
    Jihad said that" the licensing rounds achieved very significant revenue within a few time ", stressing that" itrequires benefit of the positives of the experience and reduce errors or negatives that marred. " 
    the Minister of the new Iraqi oil, Jabbar and coffee, announced, (August 15 , 2016) its intention to review theoil licensing rounds with international companies and increase oil production, confirming the presence ofsignificant challenges to the development of the oil sector in Iraq. it is 
    noteworthy that the oil Ministry, confirmed in (January 2016 20) on continuing to consult "Pacific" with international companies operating in Iraq to amend the contracts concluded with them and reduce field development costs, usually the "random statements" launched by some quarters against the ministry . " do not serve " the country and give the " wrong messages "to investors. 

    expert: mismanagement, corruption , doubled the cost of production in 
    turn confirmed oil expert, that" poor rounds of licensing contracts for the management and the corruption that marred is the reason for doubling the production cost Iraq. " 
    Hamza said the jeweler, in an interview for (long - Presse) that " the abolition of licensing rounds decades, arrange on Iraq very large financial commitments, and the problems in front of international courts is indispensable , " noting that " no one from within the oil Ministry or outside, never indicates any defect such contracts to be reconsidered them. " 
    he said the jeweler," what actually happened is a bug and error in the administration of contracts from theIraqi side, as was its governance should be the best , "asserting that" the continued failure managed so far, as well as corruption, is the reason for doubling the cost of production. " 
    the Committee on energy parliamentary, confirmed in (16 December 2015) that Iraq ensure the payment of26 Trliuna and 700 billion dinars in debts owed ​​by the companies of oil licensing rounds, returned it depletes Iraq 's financial resources, markers of a "serious mistakes" of those contracts, calling for the re considering the estimated fair to Iraq and the creation of a national oil company to be competitive, and to ensure national energy security. 
    the international oil company BP, working in Rumaila revealed in ( the tenth of November last) for theprovision of international oil companies operating in Iraq proposals to the Iraqi side, to make adjustments to their contracts productivity, indicating that the Iraqi oil Ministry, called for reducing development projects expenses as a result of the deterioration of oil prices. it is 
    noteworthy that Iraq signed investment contracts worth billions of dollars with international companies through the so - called licensing rounds during the years 2007, 2011 and 2012.
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