MEMBER OF THE COMMITTEE ON ENERGY: CANCEL LICENSING ROUNDS SAQAIBD IRAQ A BIG FINANCIAL LOSS

Saqaibd Iraq a big financial loss

BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - a member of the parliamentary Committee on Energy Zubari Fatima Hamidi confirmed that the proposal to cancel oil licensing round with Iraq Saqaibd companies considerable financial loss.

She said Hamidi's (IMN), that "limit this moment there are no call or proposal about the cancellation of the oil licensing rounds with international companies and that the cancellation of these tours Saqaibd Iraq very large financial loss. Iraq is linked to a long contract term with large oil international companies ranging from 20 to 25 years. "

"The cancellation of licenses will arrange tours to Iraq fiscal effects in case of dissolution of the union contracts in addition to political problems, Companies like BBC and Lukoil Alnaftytin from large global companies that have a clear impact in the whole world."

It showed that "the contracts as a whole is not the reason for the loss of Iraqi funds. If those contracts surrounded by close control and great integrity by ministry officials and Iraqi politicians will govern grip on the paragraphs of those contracts and thus take advantage of these companies with less financial loss."

She stressed that "there are precautionary measures to prevent the waste of money in those contracts, such as change some of the provisions of paragraphs or control and that is not an extension of some of the companies for many years."

The MP Haitham al-Jubouri, a member of the parliamentary finance committee was told a few days ago that the oil licensing rounds in Iraq Iraqi companies incur very large financial loss, calling for its abolition.

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