Iraq is about to open a dialogue with oil licensing tour companies

[yota691]

Iraq is about to open a dialogue with oil licensing tour companies

 

energy Economy News _ Baghdad On Monday, Oil Minister Thamer Al-Ghadban announced that the country is in the process of opening a dialogue with licensing tour companies, noting that the situation cannot continue as it was before the global crisis and the spread of the epidemic, as he stressed that Iraq is concerned with the interests of those companies as they understand the country and the world. "The situation cannot continue as it was before the outbreak of the epidemic, changes in the global economy and low prices," Al-Ghadban said in a press statement followed by the "Economy News", noting that "there are many alternatives, including opening a dialogue with oil companies, and this issue is being studied seriously." . He added: “They are our partners and their interests matter to us, as well as ours, but at the same time they understand the global economic situation and the economic situation of the country.” He pointed out that “there is a similar common experience between Iraq and those companies during the emergence of the terrorist ISIS and the decline in global oil prices in 2014 2015 and 2016.” Al-Ghadhban asserted that “the necessity of agreeing on a specific formula so that the oil companies’ entitlements do not overburden the state’s budget in the first few, with a view to perpetuating the keenness on partnership and the survival of those investors in Iraq, ”noting that“ the government is keen on their survival and health safety and overcoming obstacles in terms of travel, return and arrangement Work meals and shifts as they understand it.  Number of views 45   Date added 3/30/2020

[yota691]

The Iraqi Ministry of Oil opens a dialogue with the global contracting companies

Direct: The Iraqi Ministry of Oil confirmed, opening a dialogue and discussion with international companies contracted to develop oil fields about the best way to deal with new challenges facing the oil market due to the spread of the Corona virus and low oil prices, denying reaching a new agreement on reducing production or budget .

 

The ministry spokesman, Assem Jihad, said, according to the Iraqi News Agency, "Conscious": "It has not yet been agreed with foreign companies operating in the oil fields, especially with regard to technical and financial matters, because these important issues need more time, wisdom, patience and careful reading of the reality of the oil market and the changes That occurred in the past period, and what is expected to be in the coming period .

Jihad pointed out the continuation of dialogues between the ministry and its partners on technical and financial issues, taking into account the interests of the parties concerned in this .

He added, that there is a common management of all oil fields that continues to discuss ideas, proposals and topics of common concern, whether in natural and other circumstances or according to what is imposed by developments and developments in the global oil markets, as is happening now with repercussions of the impact of the spread of the Corona virus on global oil markets .

He pointed out that this issue is a natural and positive situation in that there are understandings and dialogues that exist between producing countries and international contracting companies, stressing that no one can predict at the present time the effects of the Corona crisis on the oil market and the global economy .

He explained that it is wise to postpone the decision on production, budget, etc., until the common vision about the developments of the oil market is clear, and then develop a formula of agreement commensurate with the developments that took place and the optimal and realistic method of cooperation between the parties concerned .

[King Bean]

WELCOME BACK, YOTA. You were missed. Prayers for you and your family.   

 

[kwg]

Great to see you posting YOTA!!!!! Welcome back time for RV YAHOO

[KristiD]

WELCOME BACK YOTA!!! 

YOU WERE SORELY MISSED!!!!!

[horsesoldier]

No doubt The negotiating team(s) will be bringing their Telepath with them to winkle out the