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Experts stress the need to restore national oil company


yota691
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Experts stress the need to restore national oil company

   
 

 
 

04/03/2017 0:00 
 
BAGHDAD / Shokran Fatlawi in 
order to develop plans and processors and hold oil wealth governance rational in Iraq , which suffers the absence of vision and strategic long - term, which led to a lot of problems and the imbalance of structural in the Iraqi economy despite the production and high export rates, represented the most prominent discussion seminar of the Institute for progress axes policies Alanmaiah.alsaash oil   
Director of the Institute d. Mahdi Al - Hafiz opened the seminar which was attended by the "morning" and addressed many of the challenges facing the oil policy should be addressed in Mekdmthatlk policy and plans unripe that are inconsistent with previous laws such as Law No. 84 of 1985 which provides for the importance of a technically and economically feasible before the approval of any project , as well as the importance of a review of service contracts based on what was stated in the state budget and identify weaknesses in those contracts and put appropriate alternatives, not to mention the problem. 
Iraq 's crude oil reserves of about 153 billion barrels that are other need convincing assurances because the multiplicity of estimates had created a state of confusion. 
He asked Hafiz for 12 fields Nfttiyasbak and presented for investment by international companies, while stressing the need Mathantvae to display any oil projects in front of international companies because of the presence of local oil production capabilities. 
He stressed the importance of Hafiz re - establishment of the national oil company, to its importance in achieving the desired economic interest in the current circumstances of the country. Maritime domain and then put papers oil expert International, Tariq Shafiq and Ahmed horses, which included several proposals and recommendations very important , including, the futility of expression of the Ministry of Oil for Astaadadhalltaaked with international oil companies for the purpose of investment, and to talk about the offer 12 new oil fields discoverers on international oil companies , in addition to other fields are being developed under the administration of the provinces and style expensive, to the importance of the ministry scourges focus on the oil fields that were previously contracted in the two rounds of licensing the first and second to maintain the interest of the country. It continues the futility of experts announced the desire to explore the maritime field prohibitively cost, at a time when the country still has large oil reserves, accompanied by the question and the lack of understanding in related activities to expand the fleet of oil tankers while the country is suffering a financial crisis. The paper recommended the Ministry of Oil , taking the issue of reducing production and other topics related to international concerns, more seriously than what are now. Mnohan that Iraq should consider rejection of any extension of the Convention (OPEC) , unless taking financial and human sacrifices resulting from (Daesh) terrorist into account, as well as the need to know the indicators that confirm the existence of unremitting efforts by Kuwait and Iran, to invest in oil fields located the border with Iraq. But there is nothing indicates that Iraq take real and effective measures to protect the country 's interest in these border fields, the scourges that Iraqi negotiators need more experience to avoid the loss of financial returns that can be derived from these fields, as well as its statement the continuation of associated gas flaring and quantities mounting that It increases with oil production Maihtm an urgent and urgent need to develop serious plans, not just promises, to put an end to gas flaring. He concluded with the blessing of the two experts and Rguetehma re Aaloutnah oil company to work, that includes a real law and the independence of the powers to enable them to be effective and efficient management and production sector to Aanzer it as a smaller partner for international oil companies. Oil reserves with added oil expert Hamza jeweler said oil reserves inventory estimated by the ministry 153 billion barrels , which soon dropped him and returned to the previous figure of 123 billion barrels, indicating that the situation now is different because of exploration of new fields, including the Siba field , which was believed to be a field gas only, but turned out to be an oil field as well as a very large field of Sinbad , a large field and has large extensions of up to Siba field that increased reserves and there are Dima field within the geographical area ninth which extends into Iranian territory. The former chairman of the Oil Parliamentary Adnan al - Janabi , said: We are 15 years discussing contracts and was told where a lot of talk and such a thing no longer has significance in the presence of signed contracts, pointing out that the measure is the extent of the degree of benefit from such contracts , and if the discussion of participation in the proportions production must share between the unknown region and between the producing fields and ratios of different production, pointing out that the amendments made to the contracts were mostly bad, but most important is to control costs and must be our professional control devices. He said al - Janabi , said the failure to approve the law of the National Oil Company frangible Iraq emerged since 2003 so far and the more we delay days we cause harm to the country and the people, and noted that the work on the preparation of an oil law and oil company began since 2004 , even if we managed to pass the law could solve a lot of problems that the country is facing now. Participants in the symposium decided to raise a detailed memorandum to the three presidencies and the Oil Ministry to inform them of what has been reached and what the appropriate proposals to put political oil successful in the country?
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10 minutes ago, Texstorm said:

Thanks Yota ! Damn I'm almost ready to eat that oil if it produces $ "Oil is good ! God is great and Iraqi's are crazy !" Kinda reminds me of a Country and Western song !

Being from TX you must be at home with all this. By the way have a classmate there and has nothing but good things to say about Houston.  :twothumbs:

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Thanks Chuck ! I'll drink the oil to that ! There are a whole lot of great folks down here and most of our good times and great food are spent around the dinner table. I hope post RV that y'all can come down for BBQ and Crawfish  and experience our southern hospitality !

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34 minutes ago, Texstorm said:

Thanks Chuck ! I'll drink the oil to that ! There are a whole lot of great folks down here and most of our good times and great food are spent around the dinner table. I hope post RV that y'all can come down for BBQ and Crawfish  and experience our southern hospitality !

Can me and the Mrs come too? Sounds like good times. Besides after setting up the Estate Plan we all will need to find a tax and cost of living friendly place to live. Texas and Florida are tops on my list. I would like to check Texas out before choosing.

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I'll be over to Conroe for a follow up Dr visit in July... My plans are to make a stop at the Copper Head Brewery after visiting Busters for some seafood with all the trimmings! "Yums" be da word!!!!

Edited by jcfrag
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19 minutes ago, new york kevin said:

Can me and the Mrs come too? Sounds like good times. Besides after setting up the Estate Plan we all will need to find a tax and cost of living friendly place to live. Texas and Florida are tops on my list. I would like to check Texas out before choosing.

Come on down NYK ! BTW I would live in the keys if I had the $,  but Texas is as close to heaven as it gets. Great people ! Good times ! I'm a great grandson of a whole bunch of Texas Cattle Ranchers....We love people around our supper tables and dinner and great conversations can last for hours. Post RV, let's rock and roll ! PS if y'all don't won't to wait we are good too !

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http://www.alsabaah.iq/ArticleShow.aspx?ID=134718

 0:00 
 

BAGHDAD / Shokran Fatlawi in 
order to develop plans and processors and hold oil wealth governance rational in Iraq , which suffers the absence of vision and strategic long - term, which led to a lot of problems and the imbalance of structural in the Iraqi economy despite the production and high export rates, represented the most prominent discussion seminar of the Institute for progress axes policies Alanmaiah.alsaash oil   

Director of the Institute d. Mahdi Al - Hafiz opened the seminar which was attended by the "morning" and addressed many of the challenges facing the oil policy should be addressed in Mekdmthatlk policy and plans unripe that are inconsistent with previous laws such as Law No. 84 of 1985 which provides for the importance of a technically and economically feasible before the approval of any project , as well as the importance of a review of service contracts based on what was stated in the state budget and identify weaknesses in those contracts and put appropriate alternatives, not to mention the problem. 
Iraq 's crude oil reserves of about 153 billion barrels that are other need convincing assurances because the multiplicity of estimates had created a state of confusion. 
He asked Hafiz for 12 fields Nfttiyasbak and presented for investment by international companies, while stressing the need Mathantvae to display any oil projects in front of international companies because of the presence of local oil production capabilities. 
He stressed the importance of Hafiz re - establishment of the national oil company, to its importance in achieving the desired economic interest in the current circumstances of the country. Maritime domain and then put papers oil expert International, Tariq Shafiq and Ahmed horses, which included several proposals and recommendations very important , including, the futility of expression of the Ministry of Oil for Astaadadhalltaaked with international oil companies for the purpose of investment, and to talk about the offer 12 new oil fields discoverers on international oil companies , in addition to other fields are being developed under the administration of the provinces and style expensive, to the importance of the ministry scourges focus on the oil fields that were previously contracted in the two rounds of licensing the first and second to maintain the interest of the country. It continues the futility of experts announced the desire to explore the maritime field prohibitively cost, at a time when the country still has large oil reserves, accompanied by the question and the lack of understanding in related activities to expand the fleet of oil tankers while the country is suffering a financial crisis. The paper recommended the Ministry of Oil , taking the issue of reducing production and other topics related to international concerns, more seriously than what are now. Mnohan that Iraq should consider rejection of any extension of the Convention (OPEC) , unless taking financial and human sacrifices resulting from (Daesh) terrorist into account, as well as the need to know the indicators that confirm the existence of unremitting efforts by Kuwait and Iran, to invest in oil fields located the border with Iraq. But there is nothing indicates that Iraq take real and effective measures to protect the country 's interest in these border fields, the scourges that Iraqi negotiators need more experience to avoid the loss of financial returns that can be derived from these fields, as well as its statement the continuation of associated gas flaring and quantities mounting that It increases with oil production Maihtm an urgent and urgent need to develop serious plans, not just promises, to put an end to gas flaring. He concluded with the blessing of the two experts and Rguetehma re Aaloutnah oil company to work, that includes a real law and the independence of the powers to enable them to be effective and efficient management and production sector to Aanzer it as a smaller partner for international oil companies. Oil reserves with added oil expert Hamza jeweler said oil reserves inventory estimated by the ministry 153 billion barrels , which soon dropped him and returned to the previous figure of 123 billion barrels, indicating that the situation now is different because of exploration of new fields, including the Siba field , which was believed to be a field gas only, but turned out to be an oil field as well as a very large field of Sinbad , a large field and has large extensions of up to Siba field that increased reserves and there are Dima field within the geographical area ninth which extends into Iranian territory. The former chairman of the Oil Parliamentary Adnan al - Janabi , said: We are 15 years discussing contracts and was told where a lot of talk and such a thing no longer has significance in the presence of signed contracts, pointing out that the measure is the extent of the degree of benefit from such contracts , and if the discussion of participation in the proportions production must share between the unknown region and between the producing fields and ratios of different production, pointing out that the amendments made to the contracts were mostly bad, but most important is to control costs and must be our professional control devices. He said al - Janabi , said the failure to approve thelaw of the National Oil Company frangible Iraq emerged since 2003 so far and the more we delay days we cause harm to the country and the people, and noted that the work on the preparation of an oil law and oil company began since 2004 , even if we managed to pass the law could solve a lot of problems that the country is facing now. Participants in the symposium decided to raise a detailed memorandum to the three presidencies and the Oil Ministry to inform them of what has been reached and what the appropriate proposals to put political oil successful in the country?
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They actually have a national oil company law but it was attached to the oil of ministry in 1984 i believe, and that is what the big problem is. They need to amend the law so that the ministry of oil is not attached to it and members of the regions and provinces and the fed government sit on the board of this company so they all have a say so over the oil wealth in their respective territories. ;)

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1 hour ago, mylilpony said:

They actually have a national oil company law but it was attached to the oil of ministry in 1984 i believe, and that is what the big problem is. They need to amend the law so that the ministry of oil is not attached to it and members of the regions and provinces and the fed government sit on the board of this company so they all have a say so over the oil wealth in their respective territories. ;)

The Iraq National Oil Company (INOC) was founded in 1966 from passage of a law. Since then the INOC has continued to exist in various forms. The 2007 Draft Iraq Oil and Gas Law states it will formally disband the INOC and recreate it with new oil ministries.

More can be found in a September 2009 MEES journal article written by Ruba Husari detailing the history of the INOC from a political perspective.    

Edited by Theseus
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They actually have a national oil company law but it was attached to the oil of ministry in 1984 i believe, and that is what the big problem is. They need to amend the law so that the ministry of oil is not attached to it and members of the regions and provinces and the fed government sit on the board of this company so they all have a say so over the oil wealth in their respective territories. ;)

The Iraq National Oil Company (INOC) was founded in 1966 from passage of a law. Since then the INOC has continued to exist in various forms. The 2007 Draft Iraq Oil and Gas Law states it will formally disband the INOC and recreate it with new oil ministries. However what Iraq has today is not a national oil company rather a "...North Oil Company, South Oil Company and Oil Exploration Company, as well as a drilling division and a crude oil division at ministry headquarters. It stipulated that the oil minister will replace the board of directors of INOC wherever the latter is mentioned in all applicable legislations and regulations"

More can be found in a September 2009 MEES journal article written by Ruba Husari detailing the history of the INOC from a political perspective.

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On April 2, 2017 at 8:31 PM, Texstorm said:

Thanks Chuck ! I'll drink the oil to that ! There are a whole lot of great folks down here and most of our good times and great food are spent around the dinner table. I hope post RV that y'all can come down for BBQ and Crawfish  and experience our southern hospitality !

You can count me in on that BIG TIME.  :twothumbs:

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