The Ministry of Oil to pay its debts to foreign companies of crude oil

[yota691]

The Ministry of Oil to pay its debts to foreign companies of crude oil

Baghdad-Iraq Press -8 January: The Iraqi Oil Ministry said it had paid all the dues of the oil companies operating in Iraq for the period "(2010 until 2014), and denied the city with 27 billion dollars to foreign companies.

 

According to a statement of the ministry, said that "some media quoted statements by a member of the Oil and Energy Committee House of Representatives Ibrahim Bahr al-Ulum about the existence of the debt owed by the oil ministry for the benefit of foreign contracting companies amounted to $ 27 billion for the year 2013 and 2014".

  

The statement pointed out that "the Department of Petroleum Contracts and Licensing wishes to clarify that all of the financial benefits to foreign companies contract has been repaid according to the terms of service contracts for the licensing rounds and all the years starting from 2010 until the end of 2014".

  

"The amounts received virtually by these companies had been agreed - between them and the State Oil Marketing Company (SOMO) on receipt including equivalent of crude oil, according to the official selling advertised price by Sumo, through the lifting of crude oil shipments were scheduled."

  

The Ministry of Oil that it "is not a city for foreign companies to contract any financial payments and that the relationship between the two parties going well dominated by full confidence which led to the development of work programs and budgets for the year 2015 according to the plans for the comprehensive development of oil fields all, without any reduction in budgets, indicating contentment contracting companies to invest in Iraq and the recovery of investment amounts, in addition to the wages owed to them profitability ".anthy (1)

[dinarbeleiver]

I wonder what rate they will be paying their debts back at hmmmm. Thanks yota

1166 is not a good rate to pay their debts off with

[sandfly]

THANKS

[dontlop]

Paying them in domestic currency ?

Do ya think that Bp is getting paid in dinar?

Or euros ?

The mof gets paid in dollars so probably paying foriegn contractors in dollars

Edited January 8, 2015 by dontlop

[yota691]

Oil Ministry denies that the city with 27 billion dollars to foreign companies, says: paid some ore
Thursday 0.08 2 December / January 2015 13:08

 

 

[baghdad-where]

 

The Oil Ministry has denied reports as city financial benefits owe to foreign oil companies operating in Iraq.

 

According to a ministry statement received by all of Iraq [where] a copy of "some media quoted statements by a member of the Oil and Energy Committee House of Representatives Ibrahim Bahr al-Ulum about the existence of the debt owed by the oil ministry for the benefit of foreign contracting companies amounted to $ 27 billion for the year 2013 and 2014".

 

The statement pointed out that "the Department of Petroleum Contracts and Licensing wishes to clarify that all of the financial benefits to foreign companies contract has been repaid according to the terms of service contracts for the licensing rounds and all the years starting from 2010 until the end of 2014".

 

"The amounts received virtually by these companies had been agreed - between them and the oil marketing company SOMO] - on receipt including equivalent of crude oil, according to the official selling advertised price by Sumo, through the lifting of crude oil shipments were scheduled."

 

The Ministry of Oil that it "is not a city for foreign companies to contract any financial payments and that the relationship between the two parties going well dominated by full confidence which led to the development of work programs and budgets for the year 2015 according to the plans for the comprehensive development of all the oil fields without any reduction in budgets, indicating contentment companies Entrepreneurship on investments in Iraq and the recovery of investment amounts in addition to the wages owed to them profitability ".anthy

[yota691]

 Some media quoted the statements of Mr. member of the House of Representatives, Dr. Ibrahim Bahr al-Ulum about the existence of the debt owed by the oil ministry for the benefit of foreign contracting companies amounted to $ 27 billion for the year 2013 and 2014.

   Department contracts and petroleum licenses and would like to clarify the following that all of the financial benefits to foreign companies contract has been repaid according to the terms of service contracts rounds licenses and all the years starting from 2010 until the end of 2014 and that the amounts received virtually by these companies had been agreed - between them and the Oil Marketing Company (SOMO) - including the receipt of crude oil equivalent, according to the official selling price declared by the Sumo, through the lifting of crude oil shipments were scheduled.

   Accordingly, the Oil Ministry is not the city for foreign companies to contract any financial payments and that the relationship between the two parties going well dominated by full confidence which led to the development of work programs and budgets for the year 2015 according to the plans for the comprehensive development of all the oil fields without any reduction in budgets, indicating contentment companies Entrepreneurship on investments in Iraq and the recovery of investment amounts in addition to the wages owed to them profitability.

 

Posted By: Location | Date Management: 01/08/2015

[Butifldrm]

Oil denies foreign indebtedness b ″ 27 billion دولار″

التاریخ: 2015-01-08 15: 23

 

 

Information/Baghdad/..
The oil Ministry denied Thursday a debt outstanding worth 27 billion dollars to foreign companies, indicating that all financial receivables to foreign entrepreneurs have been settled in accordance with the terms of the service contracts for the licensing rounds.
The Ministry said in a statement received agency/information/, that "some media quoted statements by oil and Energy Committee in the House of Ibrahim Bahr Al-uloum on debts the Ministry of oil for the benefit of foreign companies business amounted to $ 27 billion for 2013 and 2014."
"The petroleum contracts and licensing Directorate would like to clarify that all financial receivables to foreign entrepreneurs have been settled in accordance with the terms of the service contracts for licensing and tours for all years from 2010 to the end of 2014."
The Ministry stressed that "the amounts actually received by these companies had been agreed-and oil marketing company SOMO to receive its equivalent in crude oil, according to the official selling price declared by Sumo, through raising the crude oil shipments was scheduled."
She is not indebted to foreign firms in any contract amounts and the relationship between the two sides are going well, with full confidence, which led to the formulation of work programmes and budgets for the year 2015, according to the comprehensive development plans for all oil fields without any reduction in budgets, indicating confidence of corporate entrepreneurship on investment in Iraq and the recovery of investment and profit remuneration owed. "over 25 a

http://www.microsofttranslator.com/bv.aspx?from=&to=en&a=http%3A%2F%2Fwww.almaalomah.com%2Fnews%2F7855%2F%25D8%25A7%25D9%2584%25D9%2586%25D9%2581%25D8%25B7-%25D8%25AA%25D9%2586%25D9%2581%25D9%258A-%25D9%2585%25D8%25AF%25D9%258A%25D9%2588%25D9%2586%25D9%258A%25D8%25AA%25D9%2587%25D8%25A7-%25D9%2584%25D9%2584%25D8%25B4%25D8%25B1%25D9%2583%25D8%25A7%25D8%25AA-%25D8%25A7%25D9%2584%25D8%25A3%25D8%25AC%25D9%2586%25D8%25A8%25D9%258A%25D8%25A9-%25D8%25A8%25D9%2580%25E2%2580%25B327-

Edited January 8, 2015 by Butifldrm

[moneysoon]

Strike another set of debts off the books. Kuwait is giving them an extension, Billions found that were supposedly stolen, employees told to use the Qi card instead of cash, and debts being called settled. I wonder what this is all leading up to :eyebrows:

[davis411]

 

Strike another set of debts off the books. Kuwait is giving them an extension, Billions found that were supposedly stolen, employees told to use the Qi card instead of cash, and debts being called settled. I wonder what this is all leading up to :eyebrows:

 

hope it is leading up to me being able to pay off all my debts and maybe enjoy life a litte

[Texstorm]

Another step for mankind !

["Fred"]

Amen

hope it is leading up to me being able to pay off all my debts and maybe enjoy life a litte