"Draft standard" for oil and gas shares up Basra and Erbil

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"Draft standard" for oil and gas shares up Basra and Erbil

Author: BS

Editor: BS

2014/11/19 11: 35

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Range press/Baghdad

Oil and Energy Committee, revealed parliamentary Wednesday, returning the draft oil and gas law to Cabinet for modifications imposed by the circumstances, including the recent agreement concluded between the Federal Government and the Kurdistan Regional Government, during the visit fruitful negotiations Minister of oil Abdul-Mahdi in ARP's.

He said members of the Committee that the Government of Haidar Al-Abbadi is preparing a draft of all items contained in previous versions, asserting that the law would regulate the relationship of the Baghdad region and the oil-producing provinces, called the Chairman of the Committee that there is crystallization of the producing provinces such as Basra, ideas, and taken into account in this context.

Kurdish Deputy, revealed that the delegation of Erbil who will visit Baghdad with nechirvan Barzani, the Kurdish Prime Minister, will discuss the possibility to export Kirkuk crude through the territory.

This comes at a time when the Kurdistan Alliance sources confirmed that "the Kurdish delegation will arrive in Baghdad within the next few hours."

The sources indicated, requesting anonymity, said in an interview for "the range", "the delegation will hold a series of meetings with officials in the Federal Government for the oil agreement into force", adding that "a Committee was formed from two sides in Erbil and Baghdad break all problems including the oil and gas law".

Commenting on this, said Ares Abdullah, Chairman of the Committee on oil and energy in the House for "the range", "the non oil and gas Act legislation throughout the past period has many and complex problems in the oil sector and in particular between Kurdistan and Baghdad," pointing out that "the Government was currently drafting new oil and gas agreed by all parties and sent to the Parliament."

Abdullah is expected to "result in legislation to regulate the management of producing and exporting oil wealth between the Federal Government and Kurdistan, and the cities of Basra, Missan and Kirkuk, which would eliminate all differences and obstacles accumulated", stressing that "the law of oil and gas is one of the priorities of the work of the Parliament for this session."

And the effects of the oil and gas bill sharp differences between the Kurdistan Alliance and State of law for the duration of the second term of former Prime Minister Nouri al-Maliki, causing delay in the House more than once.

The MP for PUK block that "Parliament is waiting for the Government to complete its amendments on the draft oil and gas law and send it to the House", calling for "common ideas between the regional government and Baghdad and the oil-producing provinces on this new draft texts".

On the forthcoming visit of the President of the territorial Government to Baghdad shows the Ares Abdullah that "the Kurdish delegation will discuss with Prime Minister Haidar Al-Abbadi several topics including payment to staff of Kurdistan stalled last month as well as the possibility to export Kirkuk crude through the territory of Kurdistan". And considered that "this visit will contribute to resolving all outstanding issues between Baghdad and Erbil, grounded since a long time."

Abdullah confirmed that "no law of oil and gas would hinder any oil relationship between Government and oil-producing provinces on the other."

Oil Minister Adel Abdul Mahdi, by the House of representatives, the legislation of the oil and energy made it difficult to resolve the issues of export of oil from the region. The agreement we reached to export oil through the territorial lines would be in the interest of all the provinces to oil export pipeline from Kirkuk would be inoperable even if the liberation of the city of Mosul.

Turn on mu'arij, Deputy Chairman of the Parliamentary Committee on oil and energy, "the Committee has a draft oil and gas law, the Parliament in the last session, the Government for certain modifications and additions as applicable with the current circumstances."

Mu'arij, said in an interview with the "range", that "the Government's oil and Energy Committee, has promised to complete the draft of this draft and submit it to Parliament as soon as possible in the hope passed to regulate the export and production of oil in Kurdistan and the producing provinces".

MP calls for the State of law coalition that "the Presidency of the former Parliament decided to adopt the draft parliamentary Energy Commission, which has sent to the Government recently," unlikely "for the Government to merge all drafts items raised previously by a consolidated draft and sends it to the House."

And on the points of contention between Baghdad and Kurdistan, mu'arij says that "there is a moot point hampered oil and gas Act legislation in the previous time, is how to export oil", noting that "the Kurds are demanding the oil through their own company, while the Federal Government considers that oil must be through Sumo."

The Irbil agreed to export oil through SOMO requiring restructuring of the company's Board of Directors representing all provinces produced in accordance with the Constitution, the proposal has received wide acceptance in Basra, but the previous Government otherwise negligent.

And the parliamentary Energy Commission member indicates that the new agreement between Kurdistan and the Federal Government will ensure that the provisions in the draft of the new oil and gas ".

Mu'arij noted that "the Government has sent the oil Minister to the House of representatives, in meetings Thursday and Monday to brief lawmakers on the details of the agreement." Stresses that the "agreement is included in the national paper that commits the Government to pay the advance funding to the region of Kurdistan with delivery of oil to the Federal Government to implement during the month of the formation of the Government."

The Kurdistan Regional Government announced, on (November 13, 2014), agreement with the Baghdad Government to resolve the "comprehensive and just solution to the problems between the two sides, saying that the Federal Government will pay for the region of $ 500 million, with the territorial Government will be 150,000 barrels of crude per day at the disposal of the Federal Government.

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