Iraqi Oil Ministry Denies Burning Oil Contracts

The Iraqi Oil Ministry denied that the fire that broke out in one of the floors of the oil ministry building last Thursday, caused the destruction of documents related to oil contracts, according to a report from AKnews.

Initial investigations indicate that the cause of the fire was an electrical defect.

The Oil Minister, Abdul-Karim Al-Luaibi [Elaibi] said in a press conference held at the Ministry and attended by an AKnews correspondent that the fire which broke out in the ministry building did not happen in contracts and licenses department but in the Oil Projects Company , the Transport Department and the Office of the media official of the ministry.

The Iraqi oil minister disclosed that "copies of the oil licensing rounds contracts are saved in 17 government departments, stored in the CD’s in safe places”.

The fire erupted on the second floor of the Iraqi Oil Ministry building in eastern Baghdad on Thursday, and civil defense teams managed to put out the fire in less than two hours.

Some local media said that the fire caused the destruction of oil licensing rounds contracts.

Iraq had signed contracts with major international oil companies after two rounds of licenses to develop 10 discovered oil fields but not exploited, that would raise Iraq's production to about 12 million barrels per day over the next six years.

(Source: AKnews)

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