BAGHDAD / Sky Press: Private H.v
The Ministry of Oil, Sunday, modify oil licensing rounds format serve the Iraqi side and help associated with oil and gas investment to reduce the burn.
A member of the Parliamentary Committee on Oil MP Ali Faisal al-Fayad's "Sky Press," "The committee submitted a request to the government and to the oil ministry to amend the oil licensing contracts with international companies, to coincide with the debate on the draft 2016 budget law".
"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".
Iraq has signed investment contracts worth billions of dollars with international companies to know tours exploratory licenses to develop oil fields in the years 2007, 2011 and 2012.
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