Parliamentary power is the absence of oil and gas law in multiples of its supervisory role

[Sara Johnson]

Parliamentary power is the absence of oil and gas law in multiples of its supervisory role

TUESDAY, 31 DECEMBER / 2 JANUARY 2012 14:41 HITS: 64

Twilight News / confirmed to the Commission on oil and energy in the House of Representatives, Tuesday, that the lack of legislation, the law of oil and gas to the now weakened its supervisory role on the performance of the Oil Ministry, indicating that the latter responded to the requests of the Committee and promised to send details of contracts concluded within the licensing rounds with foreign companies.

The decision of the Commission on oil and energy parliamentary Mchkta Qasim's "Twilight News"that "the delay and failure to approve oil and gas law to the day affect the work of our committee and makes the performance of weak oversight of the Oil Ministry."

And I went back to the Commission on oil and energy parliamentary earlier, that the licensing rounds that are made with foreign companies is unconstitutional and a violation of Iraqi laws, accusing the Ministry of Oil exclusivity management of oil resources.

Mchkta explained that "the Commission on oil and energy will be discussed at its meeting on Wednesday a number of issues, including contracts concluded by the Ministry of Oil in the licensing rounds and trying to urge the House to expedite the enactment of the oil and gas."

And that "The oil ministry has responded to our Committee requested to send details of the contracts concluded by the licensing rounds with foreign companies."

And confirms a number of experts and concerned with the oil that the oil licensing rounds concluded by the Federal Ministry of Oil started to reap the fruit, and led to an increase in the rates of production and export, while others have questioned the legality of the contracts within the last three rounds.

The oil and wanted to about 95 per cent of the country's financial budget, and Iraq needs billions of dollars for the reconstruction of its infrastructure crumbling.

http://www.shafaaq.com/sh2/news/economy-news/37040-2012-01-31-11-50-00.html