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Parliamentary power: the partnership contracts are actually best suited to develop the Iraqi oil

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Parliamentary power: the partnership contracts are actually best suited to develop the Iraqi oil Empty Parliamentary power: the partnership contracts are actually best suited to develop the Iraqi oil

Post  Admin Tue Oct 15, 2013 9:26 am

14:41 10/15/2013


Baghdad - and babysit - A member of the Commission on oil and energy MP Furat al-Shara, said the issue of oil partnership contracts, the issue of global rather than local, it is the right of the investing company to get a percentage of the oil in a field in which it invests.

Shara said in a press statement on Tuesday that "in licensing rounds earlier raised so the issue and some of them endorsed and the other objected to it," noting that "Maatardaha proposed service contracts instead," adding, that "Iraq needs to invest fact, the oil and there is no issue without profit and loss. "

He added, "The partnership contracts in Iraq's interest and the national interest, despite the differing views on this issue but was agreed upon at the time."

He continued, "The Oil Ministry has chosen these contracts in order to speed and the ability to invest and benefit from foreign expertise to improve the oil sector" ... p / i


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