Three: in relation to SATAREM company. We want to clarify that, the company offered to invest in the refinery of Maysan according to the instructions of the ministry in relation to the way of presenting the needed qualifications, and the company shown that they have well known partner companies & Financiers of solid banks. So that, according to the presented s and the discussions with the company. The memorandum of understanding was signed in the 10th of October 2013, and ends in the 10th of February 2014.
Four: according to this memorandum. SATAREM is assuring to present the proofs of the company (consortium of companies) registrations, in addition to the capacity of financing, construction, operation and engineering supervision appropriate with the size & technology of the refinery. And from its part, the ministry of oil as usual, will study and analyze all the presented s to make sure that they don’t conflict with the Rules, instructions & Qualifications required in this regard, noting that this memorandum does not commit the ministry to sign an agreement, contract awarding or any other financial & legal commitments. While As In case of the company did not commit with presenting the demands within four months, the memorandum will be expired and the other offers will be considered.
Five: till now, the company shown that they are about to complete presenting the companies names and progressed in the other demands, while a meeting was supposed to be held but postponed to the last week of the month because of the bad weather & flight s.
Six: we want to note that the ministry of oil during its last years path, is adopting the concept of dealing only with the well-known companies to apply the strategic projects, and its doors are open to all the companies to offer their ideas, suggestions & investment projects and deal with them in a transparent positive way according to the rules, instructions & experience.