
Robert
2K posts







Have you heard of Project Maple? Take a listen... Now what will Liberals say when this all comes out. 🤯




Prime Minister Mohammed S. Al-Sudani oversaw the signing ceremony of two of agreement principles. The first was concluded between Basra Oil Company and the U.S.-based Chevron Corporation concerning the transfer of management of the West Qurna 2 field. The second was signed with Dhi Qar Oil Company and North Oil Company for the development of the Nasiriyah field and four exploratory blocks in Dhi Qar Governorate, as well as the development of the Balad field in Salah Al-Din Governorate. The agreement also included an amendment to the previous arrangement through the addition of the Nasiriyah field. The signing ceremony was attended by the United States Special Envoy for Iraq, Mr. Tom Barrack, and the Chargé d’Affaires, Mr. Joshua Harris. The Prime Minister highlighted the significance of these agreements in advancing reforms within the oil sector and their anticipated positive impact on strengthening economic conditions and improving livelihoods in Dhi Qar and Salah Al-Din Governorates. Basra Oil Company and Lukoil had previously signed a settlement agreement providing for the temporary transfer of the contract to Basra Oil Company and the settlement of all outstanding financial entitlements between the two parties. This settlement shall enter into force upon approval by the Council of Ministers. In addition, a framework agreement was signed between Basra Oil Company, Lukoil, and Chevron Corporation, allowing for the temporary transfer of the contract to Basra Oil Company, which will subsequently assign it to Chevron upon the completion of negotiations and agreement on the terms of the new contract. The framework agreement grants Chevron exclusive negotiation rights for a period of one year, in accordance with the criteria agreed upon by the parties.















