British BP oil calls for a review of the fulfillment of their profits

2016/08/22 16:52

Long-Presse / Baghdad

It called the Oil Ministry, on Monday, BP British, to reconsider formulas relating to the payment of profits in light of changes in oil prices over the last period, and confirmed discussed increasing oil production and gas investment rates, as demanded company representative in Iraq, the search with the oil side in Kurdistan for the best mechanism to move to activate the contract signed with the province on the conduct of Almkmena assessment of the Kirkuk field, "BP" confirmed to make "every effort to provide the best solutions."

A statement by the Ministry of Oil, received a (long-Presse), a copy of it, that "the oil minister Jabbaraly and coffee, received in his office on Monday, Executive Director of the Company (BP British Iraq Branch) Michael Townsend," noting that "the meeting, they discussed relations between the two sides in the field of petroleum

And coffee, according to the statement, the "need for the British company, to reconsider some of the methods and formulas for the payment of profits based on the reality of the changes in the price of oil recently and corresponding oil prices during the period of the contract is signed," adding, "it was discussed during the meeting to some of the most important projects and increase oil production and gas investment rates. "

He called for the coffee, "BP said the company and through meetings with the oil side of the Kurdistan search for the best mechanism and a formula to move to activate the signed contract with them and the Ministry of Oil and private conduct Almkmena assessment of the Kirkuk field."

For his part, congratulated the company's CEO, Michael Townsend, "Allaibi the assumption of his new oil minister," vowing to "exert utmost efforts in finding the best solutions for it."