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Oil and gas law the sponsor to resolve differences between the center and the region


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04/15/2012 0:00

At a seminar hosted by the Institute for Policy development

Baghdad - morning

and placed the Economic Forum held by the Institute of Development Studies, among other things that will break choking oil happening between the center and the region, cross-sectional at the same time the outcome of the contracts on both sides of the economic results can be returned to the country more of profits and money that fall within the Moisnath annual financial and drew as well as to the shapes happening between both parties, describing the way the technician, and stressed that the oil and gas law and if approved sponsor Bhlhalh all the problems that have occurred within the circle of export or extract oil or process of contracting with companies foreign, especially in the region.

and discussed at the seminar which was attended by a number of experts, specialists and disappeared by the Ministry of oil and paper presented by oil expert Kamel M'hidi titled "oil contracts in the Kurdistan region compared to the center", browse through the most prominent intersections taking place between both parties, explaining that all things relationship between the province and the center has yet to arrive to the level of the real problem and remained under the umbrella of the difference in views art intersected at several points can be solved by holding such seminars and presented to the makers, the policy of the country's economic and legislators.

and gather participants on the importance of resolving differences and move forward to pass a law oil and gas, which is long overdue and they had prepared the arbiter of the resolution of these disputes in the meantime, he drew a lecturer in his study comparing the decades the province and the center that the advantages enjoyed by the region calls for to enjoy the sons of Basra, the same privileges or that so they can be to hold contracts for the region under the flag of the government and federal approval.

to that was the opinion of another intervention to one of the participants called for the need to exclude suspended contracts of the province in the disputed areas until a resolution of the matter and that is being considered as contracts of the province the other is the reality of it is bound by the promise of this solution and compromise to reduce the differences between the province and the center.

According to the thinker Economic Acanutormahdi Hafiz, the issue of oil is not new in the economic arena, but it is a matter holds a few years ago, so the time has come to find versions of a real out of the crisis, particularly after the escalation of differences on this subject between the center and the region recently, and called on the keeper during the introduction speech at the start of the seminar that genuine disagreement on class basis on the oil contracts concluded in the region, identified contracts to participate as they kept the contracts concluded by the center contracts for service, explaining that the oil law does not allow to take unilateral decisions, which means its emphasis on the speed of adoption of this law, which he said sponsor Bhlhalh all outstanding problems between the province and the Centre, particularly oil, saying that a draft law that occurred in 2007 are the same as agreed upon between all the political components.

hinted keeper that the differences between the center and the region on oil contracts focus in that there are 12 contracts have been signed by the Oil Ministry is service contracts as the contracts for the Kurdistan region are sharing contracts and at 48 contracts and these contracts are tied mainly to certain conditions totally different from the contracts for the center.

said that the seminar aimed at finding solutions to the disputes department and objective convergence of interests between the government and the province.

pointing out that the absence of oil and gas law was behind the jurisprudence as well as the interpretation of the Constitution in accordance with the interests of the comparison between the contracts of the Centre and the provincial scholar and during his speech pointed out that the province signed 48 contracts with foreign companies are different, and that part of the exploration there has been a common ground or disputed as is the case with Exxon Mobil. He Mahdi that Exxon Mobil is still maneuvering to use the time to find solutions to certain of the order to preserve them on contracts signed in Kurdistan and the Centre, as the company invests in the fields east of Qurna, indicating that the difference between both sides to ensure the nature of the contracts as well, where signed Kurdistan agreements for decades post production while the Ministry of Oil signed service contracts. and expert pointed out that the rate of participation in contracts for the region depends on the ratio of imports to the expenses or coefficient of profitability, and that the share of companies in which a 30 percent or more if the plants and one percent, while the contracts in place Vtkon corporate profitability from 2-6 per ten. explaining that there is another difference between the nature of the contracts, both in the province and the center, pointing out that the region included the exploration contracts, ie, that the company contracted with searching for oil in the case of investment is to find and did not find him lose their investments, while the contracts of the Centre concluded on the basis of development and production only, saying that in the universal concepts is a big difference. and M'hidi the tax implications of the companies contracted by the Ministry of Oil federalism was consolidated and by 35 percent, either in the region did not specify the contracts and only reference to it not more than 40 percent. The expert stated that he and the purpose of comparison between the two types of contracts, everyone needs to identify the key indicators, including the so-called internal rate of return, an indicator for comparison between the draft and another, while the second indicator is to stand on the present value of returns of the company and the state or the so-called net present value, and said the expert, too: I think it According to the comparisons of past and indicators offered, contracts Kurdistan was a generous bit and it was possible to get contracts for the best, especially in recent years, particularly since these companies are benefiting greatly from increased oil prices Globally, more than doubled profitability of the companies after the increase in prices, since the increase in prices included tax imposed on those companies invested, and was able negotiator in Kurdistan, to impose any increase prices due to the region. a plan to bring the views in turn said economic expert, Dr. Ahmed Ali Ibrahim, that any tendency to discuss mechanisms for contracting in the oil contracts contribute to contain these differences to a certain extent, pointing to the existence of the lungs for decades of oil with respect to the center and has different opinions and they have a vision of what is adopted province of Kurdistan, which has a point of view based on a clause in the Constitution sets the priority of the Party at the expense of the center and that arising from the philosophy of the Iraqi constitution, this opinion is different was on both sides of any Adaah within the framework of a single regard to the disposition of things after the issuance of oil and gas law, which will be judged Faisal in all of these differences, and expect to continue these differences is difficult to overcome only through dialogues should be organized at a high level, and pointed out that such a seminar would be closer to the views of the parties is an important step in the path exceeds the difference in views on the constitutional text, which took the interpretation of more than one side, and stressed again the need to work on the issue oil law, which regulates the nature and eligibility of the organization of the oil contracts with international companies because the work is to overcome these differences is very important to stabilize the economic landscape of Iraq. team Yasser incumbent - Haider al-Rubaie Filaih - Hussein Tgb

http://www.alsabaah.com/ArticleShow.aspx?ID=25271

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