Oil reveal new review of contracts for oil companies to serve the parties
October 28, 2015
Regarding signed with the oil companies, the oil contracts Abdul-Mahdi stressed that the ministry plans to review the new and re-examine many of the issues in the contracts and licenses to serve the oil sector in Iraq and companies alike.
He stressed Abdul-Mahdi on the link between oil prices and the real yield, which dates back to the parties, noting that high oil prices will enable Iraq and oil companies to take advantage of them and that the lower price would be borne by the parties.
He said Abdul-Mahdi, that reducing costs and operating expenses of oil, allowing the parties will achieve mutual benefits so as to enhance long-term relationship between the joint parties.
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