Looking for coffee with the company [BP] increase oil production rates and gas investment

2016/8/22 19:58


Search Minister of Oil and Oil Minister Jabbar and coffee, with the company [BP] increase oil production rates and gas investment.

A statement by the Ministry of Oil Agency has received all of Iraq [where] a copy of "The minister, received in his office on Monday, Executive Director of the company [BP British Iraq branch Michael Townsend, During the meeting, they discussed relations between the two sides in the field of oil."

The minister stressed the need for the listed 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 signing of the contract and also touched on some of the projects, the most important increase oil production and gas investment rates.

He called the regional manager of the company that is based and through meetings with the oil side of the Kurdistan search for the best mechanism and a formula to move to activate the contract signed with the Ministry of Oil and conducted a Almkmena own assessment of the Kirkuk field.

For his part, congratulated the company's CEO Michael Townsend assumption Laibi his new post as oil minister and wished him success in the ministry management and development of the oil sector in the country, vowing to spare no efforts in finding the best solutions for it.