Oil licenses lot draw postponed until Tues.

Oil licenses lot draw postponed until Tues.
June 28, 2009 - 02:11:37
BAGHDAD / Aswat al-Iraq: The Iraqi Ministry of Oil will put off its draw of lots to select the winners of the first batch of oil licenses until Tuesday, according to a media spokesperson for the ministry.
Spokesperson Isam Jihad cited bad weather conditions in the capital Baghdad and the subsequent closure of Baghdad International Airport as the main reasons behind the delay.
Earlier, Jihad said that his ministry would unveil the winners of the first batch of oil licenses at 08:00 a.m. tomorrow (June 29) at al-Rasheed Hotel.
The contracts will be referred to the cabinet within six months after announcing the winners, Jihad had explained.
A few days ago, Minister of Oil Hussein al-Shahrestani said that his ministry would refer oil exploration licenses to the cabinet for consideration and decision.
The minister explained that the cabinet is entitled to approve or reject the licenses, and to submit them to the Parliament.
Shahrestani noted that the illegality of the oil contracts is due to the absence of a provision in the constitution concerning oil contracts.
SS (S)
http://en.aswataliraq.info/?p=115329

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Oil ministry to announce winners of oil licenses
June 28, 2009 - 01:10:24
BAGHDAD / Aswat al-Iraq: The Iraqi Ministry of Oil on Monday will unveil the winners of the first batch of oil licenses, according to a media spokesperson for the ministry.
“At 08:00 a.m. tomorrow (June 29), the ministry will draw lots to select the winning oil companies at al-Rasheed Hotel,” Spokesperson Isam Jihad told Aswat al-Iraq news agency.
The contracts will be referred to the cabinet within six months after announcing the winners, Jihad explained.
A few days ago, Iraqi Minister of Oil Hussein al-Shahrestani said that his ministry would refer oil exploration licenses to the cabinet for consideration and decision.
The minister explained that the cabinet is entitled to approve or reject the licenses, and to submit them to the Parliament.
Shahrestani noted that the illegality of the oil contracts is due to the absence of a provision in the constitution concerning oil contracts.
SS (P)
http://en.aswataliraq.info/?p=115322

The minister explained that the cabinet is entitled to approve or reject the licenses, and to submit them to the Parliament.

Lets hope they don't delay those contracts to parliament due to the new elections in january...we are talking iraq, just feel like iraq will screw this up again.

thumper wrote:Oil licenses lot draw postponed until Tues.
June 28, 2009 - 02:11:37
BAGHDAD / Aswat al-Iraq: The Iraqi Ministry of Oil will put off its draw of lots to select the winners of the first batch of oil licenses until Tuesday, according to a media spokesperson for the ministry.
Spokesperson Isam Jihad cited bad weather conditions in the capital Baghdad and the subsequent closure of Baghdad International Airport as the main reasons behind the delay.
Earlier, Jihad said that his ministry would unveil the winners of the first batch of oil licenses at 08:00 a.m. tomorrow (June 29) at al-Rasheed Hotel.
The contracts will be referred to the cabinet within six months after announcing the winners, Jihad had explained.
A few days ago, Minister of Oil Hussein al-Shahrestani said that his ministry would refer oil exploration licenses to the cabinet for consideration and decision.
The minister explained that the cabinet is entitled to approve or reject the licenses, and to submit them to the Parliament.
Shahrestani noted that the illegality of the oil contracts is due to the absence of a provision in the constitution concerning oil contracts.
SS (S)
http://en.aswataliraq.info/?p=115329

OK Ali stated last night: @ dinartrade : once they have the contracts in place they will pass the HCL

Thoughts on this?? Because the way it looks to me it could be up to 6 months before these contracts are in place.