U.S Chevron qualification Will Be Canceled

abarrelfullabarrelfull wrote on 02 Aug 2012 07:17
Tags: chevron iraq m-east top upstream

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Chevron Oil Company announced that it signed contracts with the ministry of natural resources in Kurdistan province by buying most of Indian Reliance Company shares in 19/7/2012. And the company did that without gaining the approval of the oil ministry and the federal government while they knows the judgment of the oil ministry & the federal governments which considers that all the regional government signed contracts are illegal because they are contrary to the constitution of the republic of Iraq for 2005, as well as the rules of Kurdistan that gives the foreign contractors big shares of produced oil which is considered as a waist of the national fortune.

The oil ministry disclaims to the following:

First: the federal oil ministry is surprised of the attitude of Chevron whom claimed to adopt the principles of transparency, public and ethics of oil industry As well as the international American & European companies. Which is contrary to Chevron’s action in signing contract with the ministry of natural resources of Kurdistan in secret & suspicious way far from the principles of the international oil companies.

Second: Chevron and the whole world knows that the produced oil of Kurdistan does not be delivered to the federal oil ministry – as the deal – but smuggled to the nearby countries like Iran and Turkey by the organized smuggling networks. And no one knows the quantities of the smuggled oil and their incomes.

According to the previous, the reputation of Chevron and the other companies will be examined today and we are sure that they will fail and should be ashamed of their action. As well as according to the oil policy which is based on the provisions of the constitution, the oil ministry decided to cancel the qualification of Chevron and prevent them from signing any contract with the federal oil ministry and its companies especially the up streaming sector unless they cancel the mentioned contract.

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