Tuesday, September 13, 2011

Iraq reworks fees to bolster 4th energy auction

The Ministry of Oil will be trying to squeeze even more revenue out of future development contracts by closing one of the "loopholes" found in earlier contracts.
"If the total production is 1 million barrels per day and the cost recovery is (the value of) 300,000 bpd, then we will deduct the 300,000 from the net production and the remainder is 700,000 bpd, so we will pay remuneration for the 700,000 only, not for the 1 million," Ameedi said. "The remuneration will be higher so it is in our interest and I think it is in the interest of the contractor." The calculation change is aimed at cutting the cost of subcontracts, which was inflated by some oil companies under the current deals signed with Iraq, Ameedi said. "We will deduct the cost of subcontracts from the total production and the remaining production will pay remuneration for it," he told reporters on the sidelines of the roadshow. "If that share of production is less, remuneration of the contract will be affected negatively, and if it is high, they will get more remuneration," he said. "It coincides with the idea of production sharing in this sense only. That there would be 'cost oil' but there would not be 'profit oil'."


Anonymous said...

Hi to every body, it's my first visit of this blog; this website includes remarkable and genuinely good material designed for readers.

Also visit my weblog: What is gynecomastialiposuction?

Anonymous said...

تويتر شعر
انستقرام ضحك
انستقرام شيلات

Anonymous said...

قنوات اخبارية عربية بث مباشر , شاهد قنوات اخبارية مباشرة على الانترنت اون لاين , قنوات اخبار عربية بث مباشر جودة عالية , شاهد القنوات الاخبارية العربية , قنوات عالمية بث مباشر , قنوات مصرية , قنوات عراقية , قنوات اخبارية على النايل سات و العرب سات , اسماء القنوات الاخبارية العربية والعالمية , شاهد البث المباشر للقنوات الاخبارية العربية من خلال موقعنا بجودة عالية شاهد قناة العالم قناة روسيا اليوم بي بي سي عربي يورو نيوز الحوار المستقلة فرانس 24 قناة الحرة آي24نيوز

Mrs Sharon Sim said...

Hello Everybody,
My name is Mrs Sharon Sim. I live in Singapore and i am a happy woman today? and i told my self that any lender that rescue my family from our poor situation, i will refer any person that is looking for loan to him, he gave me happiness to me and my family, i was in need of a loan of $250,000.00 to start my life all over as i am a single mother with 3 kids I met this honest and GOD fearing man loan lender that help me with a loan of $250,000.00 SG. Dollar, he is a GOD fearing man, if you are in need of loan and you will pay back the loan please contact him tell him that is Mrs Sharon, that refer you to him. contact Dr Purva Pius,via email:(urgentloan22@gmail.com) Thank you.

عبده العمراوى said...

شركة المثالية للتنظيف بالظهران

kopi said...

Hello! i thing thats good for you >>

5efedc0f66746.site123.me Review24.Today
Thank you!

Prediksi Magnum4d said...

Alasan Kenapa Kamu Harus Bermain Judi Di Museumbola
* Permainan Lengkap dari A sampai Z
* Opsi Deposit Banyak Seperti Bank, E-Cash , PULSA
* Semua Rekening Bank termasuk Bank Daerah Bisa Di Daftarkan
* Bonus Banyak
* Deposit 2 Menit
* Withdraw 5 Menit Paling Lama
* Cs Professional 24 Jam Online

Daftar Museumbola
Link Alternatif Museumbola
Judi Bola Online
Slot pulsa tanpa potongan
Demo Slot Habanero