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An invitation to involve the private sector oil projects

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An invitation to involve the private sector oil projects

03/10/2016 12:00 am
Baghdad – joy of pumice.


Continue efforts to involve the local private sector in the implementation of actions within the scope of the draft oil sector operational capacity limits, allowing the rehabilitation of the operational capabilities of our companies Local.

Jafar Yassin Economic Forum member Baghdad, stressed the need to involve the local private sector in carrying out the work within the field of the oil sector and executive role within its capabilities in developing local effort and increase confidence in himself.

Gaining experience

The local effort was owned by the private sector is able to implement medium with high accuracy, noting that many local companies gained their experience by communicating with the evolving international effort and field work in the oil fields.

Yassin called for work on closer cooperation with international companies specialized in oil Affairs especially operating in Iraq and sharing local experiences in business execution in exploration and production and transportation sectors, indicating the importance of encouraging the private sector to enter the joints of oil investment and carry out different jobs.

Sums

He noted that the adoption of local effort saves a lot of money to be working budget relying on international companies which requires bringing sums Great.

Economic feasibility

He was among the earlier importance to have interaction among local firms specialized in oil business from both public and private, where this helps to raise the competency of local experiences and achieve significant cost to the country in the long term, especially oil reserves in Iraq with advanced levels in the world, and is among the easier oil production.

The specialist companies in the oil sector of private companies limited their efforts today in stages the monument and processing engineering including got hete and H S E which enable them to carry out acts of companies that won contracts for licenses.

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