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The oil licensing round to reconsider the request of the parliamentary energy

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Rocky


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The oil licensing round to reconsider the request of the parliamentary energy




11/22/15

BAGHDAD - Iraq Press - November 22 announced the oil parliament, on Sunday, she "made a request to the government and to the oil ministry to amend the oil licensing agreements with international companies decades, to coincide with the debate on the draft 2016 budget law".
A member of the Committee, MP Ali Faisal al-Fayad, said that "the oil ministry responded on the request and decided to amend the private tours licensing contracts fixed proportions and open invoices and investment associated with oil and gas to reduce the burning and rehabilitation of infrastructure of oil installations".
It is noteworthy that, in commenting on the announcement by virtue parliamentary bloc MP Ammar Tohme, last Monday, of the need to review the licensing rounds being a drain on the Iraqi economy, revealed the Investment Committee and the economy in Parliament, "The former Minister of Oil, Hussein al-Shahristani, is responsible for damage to the fact that the agreement on rounds Licenses have been in the custody of all those who participated in it from two managers in the ministry or others, because the licensing rounds, Iraq undone a lot of money. "
He said a committee member, Harith al-Harthy, that "the licensing rounds have caused economic damage to Iraq more than a utility," pointing out, "The agreement in licensing rounds, was not at the required level and we have found a great damage, so it will be re-agreement of a new" in the recipe. Ended O.h

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