MPs Call for Clarifications on Manzeh Oil Field
A decision in the Official Gazette regarding the full transfer of the exploitation concession for the Manzeh oil field has sparked parliamentary debate. MPs are calling for official clarification on the financial compensation for the deal and state guarantees.
In the energy sector, a decision in the Official Gazette regarding the full transfer of the exploitation concession for the Manzeh oil field has sparked parliamentary debate. MPs are calling for official clarification on the financial compensation for the deal and state guarantees.
Energy sector officials stated that the field stopped production in 2007 after extracting about two million barrels of oil. State revenues in the event of a new discovery would amount to approximately 50 percent, distributed between taxes and production dues.