During the first phase of negotiations with Hanwah Group … NIC Chairwoman : our legal stance is sound and our options are several

NIC Chairwoman, Suha Dawood Najar, assured that regarding the first phase of negotiations with Hanwah South Korean group, NIC has specified a number of legal and financial conditions to go forward with the project on the basis of the outputs of the detailed auditing process of Bismayah projects and is waiting for Hanwah group reply.

She added that despite NIC’s willingness to implement the whole project by Hanwah, it still has several options to complete it in case of the South Korean Company insistence on keeping the former contexts that we do not consider fair for the Iraqi Government and citizen.

And she declared that NIC legal and financial stance is sound and secures the ability to negotiate and lay new implementation mechanisms down for the rest of the project’s time.

Najar also promised to keep all phases of negotiations with the Korean side transparent and clear for the public.