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The oil minister for "tomorrow Press": oil partnership contracts "breach of the Constitution (PFP)

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dealerdean


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Tomorrow Press / Baghdad: The Minister of Oil Abdul Karim and coffee, Sunday, partnership contracts oil "breach of the Constitution" because it dissipates people's wealth, while pointed out that the service contracts will maintain the dominance of Iraqi oil companies.

Oil Minister Abdul-Karim defect for "tomorrow's Press," that "asylum Iraqi government and the oil ministry to enter into service contracts instead of partnership contracts come from in order to preserve the money of the Iraqi people and his fortune through the allocation of more money from the oil of the partnerships working."

He Laibi that "the partnership contracts is a violation of the Constitution because the waste of people's money and its oil through the granting of these partnerships, which operates according to this context quantities of oil after the extraction, while the service contracts allocated to these companies money and cancel the quantities of oil and thus maintain the Iraqi government on the people's wealth . "

It is said that there are several types of oil contracts all over the world, including the concession contracts, and which has made the oil is in the ground and PSAs (PSA), which owns the contractor share of the oil as it exits to the surface of the Earth and service contracts, and in under which the contractor receives a fee for the extraction of oil from the ground and are often Osq service contracts as a sub-type of production-sharing agreements, joint ventures (JVs), entered into by the state in partnership with one or more of the oil companies

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