Meanings of fee service in English

Baghdad also insists oil deals with foreign firms should be fixed- fee service contracts.

Baghdad also insists oil deals with foreign firms should be fixed- fee service contracts, not production sharing contracts of the type signed by the KRG.

Iraq toughened its terms in renegotiating the CNPC deal, changing the contract to a set- fee service deal from the oil production-sharing agreement signed under Saddam.

They also wanted a clarification about the nature of the deals, which she said looked more like production sharing agreements than pure fixed- fee service contracts.

The key threat, however, is that their lower overheads will enable them to offer sharply lower or zero- fee services, said the sources.