Iraq to reduce fees paid to foreign oil companies

Iraq to reduce fees paid to foreign oil companies

31 March 2018, Baghdad – Iraq will exclude oil by-products from foreign oil companies’ revenues in new contracts expected to be awarded in June, an oil ministry official said, effectively reducing production fees they receive from the government. Oil producers in Iraq currently receive a fee from the government linked to production increases, which include …

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Iraq to reduce fees paid to foreign oil companies Iraq to reduce fees paid to foreign oil companies Reviewed by Crude Oil Facilitators on 10:41 Rating: 5

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