Posted by admin on June 25th, 2010 | Categorized as Iraq | Tagged as Awarded, Contract, Iraq, Kurdistan, Region
Mumbai: Reliance Industries Limited (RIL) is pleased to announce that it has executed two Production Sharing Contracts with the Kurdistan Regional Government (KRG) covering petroleum exploration activities in the Rovi and Sarta Blocks in the Kurdistan Region of Iraq.
Under the terms of the contract, Reliance Exploration & Production DMCC, a wholly owned subsidiary of RIL, will serve as the operator.
Mr. Atul Chandra, President of International Operations, RIL, said, “We are pleased to reach agreement with the KRG on these two PSCs. We hope and believe this will be an investment that will provide long-term benefits to all the stakeholders.”
RIL established a local office in Erbil in 2006 and has undertaken extensive geological work over the past year in the Kurdistan region.
RIL has been actively pursuing petroleum exploration activities in the Middle East, particularly in Oman and Yemen, besides India, Asia Pacific Region… Read the rest entry…
Posted by admin on June 24th, 2010 | Categorized as Attorney | Tagged as Attorney, Choose
Posted by admin on June 22nd, 2010 | Categorized as Law | Tagged as China, Contract, Investing, Labor, Proposed
If you are considering setting up a company in the People’s Republic of China (the “PRC”) you should be aware that Chinese law is more protective of employees than the laws of many western nations, particularly the United States. The current PRC Labor Law was enacted in 1994; however, a new PRC Labor Contract Law, intended to supplement the Labor Law, is expected to come into force at the end of 2006. This new law contains both bad news and good news from the point of view of the foreign investor; however, in general it further strengthens the protection of employees.
The Bad News:
Severance Pay
Because it is difficult under the PRC Labor Law to terminate open-term labor contracts, employers usually prefer fixed terms. The Labor Contract Law will address this issue by requiring employers to pay severance compensation to employees on fixed term labor… Read the rest entry…
Posted by admin on June 22nd, 2010 | Categorized as Law | Tagged as Lemon, Rights
When a car is sold to you that is not in the same condition it was advertised to be in or breaks down soon after you buy it due to a long-term problem that existed before you purchased the car, it is considered to be a lemon. Buying a car that is a lemon is unacceptable. You should not have to put up with the consequences involved with the purchase of a lemon car, such as paying for repairs or replacing it. This applies to both a new car or a used car.
What Is The Lemon Law?
The lemon law was introduced to protect everyday people from having to deal with a car that is considered a “lemon” or is faulty, through no fault of the new owner. The lemon law was designed to protect consumers and keep the car sales people honest, whether the sale… Read the rest entry…
Posted by admin on June 22nd, 2010 | Categorized as Iraq | Tagged as Awarded, Contract, Industries, Iraq, Kurdistan, Limited, Region, Reliance
Mumbai, Reliance Industries Limited (RIL) is pleased to announce that it has executed two Production Sharing Contracts with the Kurdistan Regional Government (KRG) covering petroleum exploration activities in the Rovi and Sarta Blocks in the Kurdistan Region of Iraq.
Under the terms of the contract, Reliance Exploration & Production DMCC, a wholly owned subsidiary of RIL, will serve as the operator.
Mr. Atul Chandra, President of International Operations, RIL, said, “We are pleased to reach agreement with the KRG on these two PSCs. We hope and believe this will be an investment that will provide long-term benefits to all the stakeholders.”
RIL established a local office in Erbil in 2006 and has undertaken extensive geological work over the past year in the Kurdistan region.
RIL has been actively pursuing petroleum exploration activities in the Middle East, particularly in Oman and Yemen, besides India, Asia Pacific Region… Read the rest entry…
