February 3, 2010
Shahristani: implementation of the licensing contracts will reflect positively on the Iraqi banking sector
Oil Minister Hussein Shahristani said that the launching of the licensing contracts for the two rounds of the first and the second will reflect positively on the private banking sector and the government, through the companies concerned to provide financial guarantees to work.
He said al-Shahristani said the ministry's move to sign contracts Aihaabiyat benefits and will be reflected on the banking sector and pave the way to activate it, planned by the responsible State, which means the promotion of access to a global excellent choices.
He said the ministry will open its doors to Iraqi banks and facilitate the special procedures in the event its request to the minister, however, to suit the faster execution of contracts for the two rounds of licensing.
He Ehime contracts in the expanding growth and economic reality.
Shahristani stressed the thoughtful and the selection of companies that have a long tradition in the field of oil and abilities that enable them to develop the productive capacity of the country and seek to rehabilitate oil facilities have been suspended for periods of time.
It should be noted that the ministry has recently signed a number of development contracts with foreign companies in the second round of licensing.
Shahristani: implementation of the licensing contracts will reflect positively on the Iraqi banking sector
Oil Minister Hussein Shahristani said that the launching of the licensing contracts for the two rounds of the first and the second will reflect positively on the private banking sector and the government, through the companies concerned to provide financial guarantees to work.
He said al-Shahristani said the ministry's move to sign contracts Aihaabiyat benefits and will be reflected on the banking sector and pave the way to activate it, planned by the responsible State, which means the promotion of access to a global excellent choices.
He said the ministry will open its doors to Iraqi banks and facilitate the special procedures in the event its request to the minister, however, to suit the faster execution of contracts for the two rounds of licensing.
He Ehime contracts in the expanding growth and economic reality.
Shahristani stressed the thoughtful and the selection of companies that have a long tradition in the field of oil and abilities that enable them to develop the productive capacity of the country and seek to rehabilitate oil facilities have been suspended for periods of time.
It should be noted that the ministry has recently signed a number of development contracts with foreign companies in the second round of licensing.
