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Abadi speaks of new oil agreements


yota691
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Abadi speaks of new oil agreements

Sunday 27-03-2016 | 6:29:25

 
 
 

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Shafaq News / The head of the government Haider Abadi, the need to reconsider the agreements with the oil companies in the light of developments in the global situation and the large drop in oil prices.

This came during a meeting with Chairman of Russia's LUKOIL Faguyt Alekperov and his accompanying delegation. 
He said Pia government that al - Abadi said , "our interest in the oil sector is linked to potential of our country in the production and export of oil in quantities commensurate with the status ofIraq as a producer of chairman as well as an end to the phenomenon of natural gas , which was suffering burn waste of that wealth. " 
He stressed the need to resolve outstanding issues with Lukoil and reach a fair agreement thatguarantees oil energy investment better. 
the president reviewed the company stages of work in the West Qurna and seeking a project to reach the rate of 1.2 million barrels per day , as well as associated gas investment rather than burn it . 
He Abadi on the need to reconsider the oil agreements with companies in the light ofdevelopments in the international situation big drop in oil prices. 
as the face of the oil Ministry to begin negotiations with Lukoil and achieve increases in oil production and investment associated gas volumes.

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BAGHDAD / Economy News ...

 

Prime Minister Haider al-Abadi confirmed to reconsider the agreements signed with oil companies in the light of the developments of the big drop in oil prices. The government pointed out that the interest in the oil sector is linked to the potential of the country and its place among the producing countries, the oil ministry to negotiate with the company "Lukoil" Russia to raise oil production volumes and an end to the phenomenon of burning natural gas. 

According to the Information Office of the Prime Minister Haider al-Abadi, said Ebadi received today in his office the President of Russia's LUKOIL Faguyt Alekperov and his entourage. "

He said al-Abadi, according to the statement, that "our interest in the oil sector is linked to the potential of our country in the production and export of oil in quantities commensurate with the status of Iraq as a producer of chairman, as well as an end to the phenomenon of natural gas, which he suffered in vain in that wealth burning," stressing "the need to reconsider the agreements with oil companies in the light of developments in the global situation and the large drop in oil prices. "

He stressed Abadi, the need to "resolve the outstanding issues with Lukoil and reach a fair agreement that guarantees oil energy investment better," directed the oil ministry to "begin to negotiate with Lukoil and achieve increases in oil production and investment associated gas volumes."

 

 

Views 16   Date Added 29/03/2016 - 10:49   Last updated 29/03/2016 - 11:37   No. Content 2643

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This seems like maybe an old article, IN MY OPINION.  Just for the fact oil is back to around $40 for them and that's what they based their budget on.  Granted the price was down most of the first quarter, they should be feeling a little relief for now.  Just say'n.  Thanks Yota for the post. :rolleyes:

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