Member of the Commission on oil: sharing contracts in oil production will attract global companies and supports the oil sector

Date: 13/02/2013 11:38:10 Wednesday



Baghdad (news) .. Called a member of the Oil and Energy Committee MP / National Alliance / Fatima Hamidi, the federal government for the adoption of the production sharing contracts for its contract with international oil companies, similar to the Kurdistan Region to develop the oil sector.

Hamidi said (of the Agency news): The production sharing contracts does not mean the control and monopoly of international companies on the Iraqi oil fields as some imagined, but there are agreements and items determined between the government and companies.

She added: that the Kurdistan Regional Government succeeded to its policy of oil and attracted a lot of companies because it adopted Ptaakedadtha contracts involved in the production, not the service, indicating that these contracts differ from service contracts in terms of shares and the nature of working out they are all poured interests of the country, but each one has the advantage of different other.

She: that there is a misconception by the people, especially in the southern provinces and even from some officials and experts that the PSAs will enable foreign companies to control a large part of the oil, but in fact it's investment companies worldwide have their own histories and international reputation.

And said: You and the Federal Ministry of Oil that depend oil Ptaakedadtha on production sharing contracts with international companies sober for the purpose of attraction to work in Iraq and to support and develop the oil sector in the country. / End / 8. N. P /


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