IRAQ - KRG-Dana Gas Deal.The KRG KRG Kurdistan Regional Government KRG Key Resource Group (Los Angeles, California) KRG Killology Research Group KRG Knoxville Repeater Group and Sharjah-based Dana Gas on April 20 signed service contract for gas E&P which may evolve into a long-term PSA (Professional Services Automation) An information system designed to organize, track and manage all opportunities, work, resources, costs, revenues and invoices to improve the productivity and efficiency of the workforce. once Iraq's law is passed by parliament. Minister Hawrami said: "The service contract is for a few years. After that and subject to new legislation coming into force, we will look at other possibilities e.g. if in the long run we might make it a production sharing agreement Production sharing agreements (PSAs) are used primarily to determine the share a private company will receive of the natural resources (usually oil) extracted from a particular country. , if there are additional resources there. What we like about Dana Gas is that it is investing money upfront and not just there to make a quick profit". Dana Gas and the KRG also signed a general agreement whereby the Sharjah-based firm would be involved in the midstream mid·stream n. 1. The middle part of a stream. 2. The part of a course that is neither at the beginning nor at the end: the midstream of life. Noun 1. and downstream aspects of the natural gas business in northern Iraq (see down18IraqBaseApr30-07). |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion