Sunday, August 18, 2013

Stryker Blog Update

Stryker Blog Update

08/17/2013
Stryker Blog 8-17-13:  News Out of Kuwait City. One of my friends working out of Kuwait City that is with one of the major Oil Companies that also does oil production work in Iraq, has told me a few weeks ago that they started to resign all their old production contracts under new oil contracts.

This must be done before new contracts can be signed under the new Oil & Gas Law (HCL), is what I’ve been told.

So the only logical conclusion IMO is that the Oil and Gas Law is or close to being finalized and approved by the Iraqi parliament upon their return or why else would this be going on?

When I ask him if he knew this to be the case he just said, it shouldn’t be hard to draw your own conclusion from this!

With this very good news and the fact that the Economic Reform Law was approved by Maliki and the CoM (Council of Ministers) and awaiting parliaments return, this is gearing up to be one interesting few weeks IMO.   Have a great weekend. Stryker
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