Quietlearner Posted September 29, 2011 Report Share Posted September 29, 2011 The Iraqi Oil Ministry has announced amendments to the contracts for the fourth oil licensing round after complaints from participating companies, reports AKnews. The Ministry’s Director of Contracts and Licenses, Abdulmahdi al-Amidi [Abdul-Mahdy al-Ameedi], said that a final formula will be issued before the beginning of the negotiations in November. “These contracts purchased by the companies are not final,” Amadi said. The Ministry has already revised the fee structure for these contracts. The Iraqi Oil Ministry had presented initial contracts for 12 oil and gas sites in Iraq to 46 foreign companies intending to participate in the bidding. http://www.iraq-businessnews.com/2011/09/28/oil-ministry-announces-amendments-to-new-oil-contracts/ Link to comment Share on other sites More sharing options...
krome2ez Posted September 29, 2011 Report Share Posted September 29, 2011 Oil Ministry Announces Amendments to New Oil Contracts Posted on 28 September 2011. Tags: 4th round oil licences The Iraqi Oil Ministry has announced amendments to the contracts for the fourth oil licensing round after complaints from participating companies, reports AKnews. The Ministry’s Director of Contracts and Licenses, Abdulmahdi al-Amidi [Abdul-Mahdy al-Ameedi], said that a final formula will be issued before the beginning of the negotiations in November. “These contracts purchased by the companies are not final,” Amadi said. The Ministry has already revised the fee structure for these contracts. The Iraqi Oil Ministry had presented initial contracts for 12 oil and gas sites in Iraq to 46 foreign companies intending to participate in the bidding. (Source: AKnews) http://www.iraq-businessnews.com/2011/09/28/oil-ministry-announces-amendments-to-new-oil-contracts/ Link to comment Share on other sites More sharing options...
pastorbigal Posted September 29, 2011 Report Share Posted September 29, 2011 The FINAL formula will be issued before the meeting in November. Adam's thanksgiving is looking better and better. Link to comment Share on other sites More sharing options...
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