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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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    Negotiations with foreign oil companies to adjust the "licensing contracts" at a standstill

    Rocky
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    Negotiations with foreign oil companies to adjust the "licensing contracts" at a standstill Empty Negotiations with foreign oil companies to adjust the "licensing contracts" at a standstill

    Post by Rocky Sun 25 Dec 2016, 2:01 am

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    Negotiations with foreign oil companies to adjust the "licensing contracts" at a standstill


     Baghdad / peace Zidane 

    What the Iraqi government still conducting negotiations with the oil companies to adjust the oil licensing rounds decades, and modify the obligations of Iraq in front of the oil companies due to lower energy prices. 

    But the oil and energy parliamentary denies reach concrete results so far of the negotiations conducted by the Oil Ministry with foreign companies, especially especially in light of the desire of both parties to amend Alacod.vi meanwhile revealed an economist for the Iraqi offer to grant foreign companies a fixed percentage of the price of a barrel oil _ ranging from 15 to 25%, but this offer was rejected companies. 
    She described the Commission on oil and energy parliamentary, in ( the twentieth of August 2016), the licensing rounds as " the worst" contracts for Iraq in a decade, and called on them to reconsider. In turn , the oil ministry confirmed "no possibility" to cancel those contracts, and expert stressed that the "poor" management of these tours and "corruption" , which was marred by causing a "double production costs" on Iraq. 
    He said Assem Jihad, spokesman for the Ministry of Oil (range) that " the oil ministry as consultations are still going on with the oil companies to modify some of the items in the contract Phones oil licensing concluded by Iraq earlier , " stressing that " the amendments relate Elv and technical aspects and production plans . " . 
    Jihad said that "negotiations with the oil companies vary from one contract to another, due to the nature of the contracts concluded with them." 
    Meanwhile, the MP said Razak mheibes, a member of the Commission on oil and energy (range) that "the House of Representatives proved clause in the 2017 budget commits the government to reconsider the licensing of oil rounds." He pointed out that "Iraqi law is not the oil companies need to reconsider contracts Phones oil licensing only with the consent of both parties." 
    He mheibes "There are no concrete results so far of the negotiations conducted by the Oil Ministry with the oil companies to modify contracts Phones oil licensing , " hoping the oil companies " to respond to the conditions of the Iraqi negotiator because of the economic crisis in the country." 
    He noted the committee member parliamentary power that " the Iraqi negotiations currently relate to modify operational production costs in addition to the increase in production as well as the cost of producing a barrel and costs related to the secondary charge d'affaires , " stressing that " the oil companies also want to amend some paragraphs decades Phones licenses." 
    On the other hand, said Ali al - Fayyad, the Speaker of Parliament adviser for energy affairs, in an interview (long - Presse) that "dialogues with the international oil companies operating in Iraq on the review of licensing rounds decades, continuous and pressing toward that there are mutual interests between them and the Ministry of Oil . " . He noted that "companies are understanding the circumstances experienced by Iraq and other oil - producing countries in the recent period, as a result of the deterioration of prices." 
    Fayad said that "dialogues between the oil ministry and the companies being realistic and focus on being consistent with the interests of both parties , " noting that "the oil ministry and other outlets allow international companies to make profits and the benefits of it." 
    The head of the parliamentary adviser to the energy that "dialogues between the parties is serious and reassuring towards satisfying the objectives of the economic situation in Iraq." 
    The Iraqi oil minister , former, and a member of the oil and gas committee in parliament , Ibrahim Bahr al- Ulum, said that " the parliament obliged the Ministry of Oil through the item in the budget of 2016 the need to review the oil licensing rounds contracts and renegotiate with the companies through the creation of new mechanisms to pay their financial dues and maintain deposits production and reducing the cost of production. " 
    He noted the Bahr al- Ulum that "consultations began on the knowledge shared visions to modify some of the items the contracts in proportion to the price of oil currently in the global market," adding that "the oil and gas continuously with the Ministry of Oil on the consultations , especially that the ministry has a chance to connect with international consultants to identify potential modifying some of the items. " He pointed out that "in 2013 and 2014 , the government negotiated with the oil companies and reduced the peak of oil production." 
    In the meantime, the economist said a just peace that " the decline in oil prices revealed flaws oil licensing rounds , where the cost of producing a barrel of oil to $ 11 , " noting that " the guarantor of the rights of oil companies in terms of the contract , which Iraq needs a seasoned team to reconsider the contracts." 
    He just said "Iraq bear all the costs of the oil companies to provide equipment and personnel and the transfer of employees from both inside and outside Iraq , which brings the cost price from $ 4 to $ 11 , " pointing out that "negotiations with the oil companies are going through a difficult phase because it is guaranteed by the United Nations . " . 
    He revealed economist that "Iraq has presented to the oil companies give a fixed percentage of a barrel of oil sold at 15 to 25 percent _ which rejected the companies."
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