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Italian company Saipem oil services negotiate with Iraq contract billion dollars

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Italian company Saipem oil services negotiate with Iraq contract billion dollars
Published on Wednesday, October 24 1 / Okrudolf 2012 18:32 | Written by: ali | | | Hits: 39

Baghdad / follow-up of the obelisk: CEO announced the Italian company Saipem oil services, Wednesday, that the company is negotiating with the Iraqi government to hold about one billion dollars in Iraq.

The Reuters news agency quoted Pietro Franco Next saying that "the Italian company Saipem oil services negotiate with the Iraqi government to hold about one billion dollars for investment in Iraqi oil fields."

Pietro said, "has completed negotiations with Iraq on the contract end of the year 2012."

"But with Iraq can not be certain that never."

The Iraqi government decided to approve the recommendation of the Committee on Energy refer the project to develop the southern export facilities on the company (Saipem), Italian (second alternative) $ (468.5) million and the duration of the implementation of standing (24) months.

The government spokesman Ali al-Dabbagh said that the approval to refer the project to develop export facilities southern Italian company comes within the pursuit of the Iraqi government to support the oil sector and the development of the export facilities of the oil through a referral of these projects to international companies specialized to secure potential high export where project is to develop export facilities South of the most important strategic projects oil through the decades and a turning point in the process of export of crude oil through the opening of new outlets to accommodate the increase generated by the licensing rounds successive Investment in the oil sector, especially that Iraq is on the verge quantum leap in the field of oil industry in terms of production and energy export in Iraq.

Al-Dabbagh that direction to the SoC reference to the Italian company has been in March 2011 as the company behind the bid lower price and then negotiated with them to improve the price to remove any reservations about security risks and the consequent them of commissioned additional company has Italian job reduction by $ 4 million and reduce the period of one month to become the final presentation of the second alternative (468.5) million note that the first phase of the project has been referred to the Australian company Leighton / Singapore Branch The company began work is continuing so far.



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