To adopt the parliamentary energy commission, the draft law of oil and gas, government

[trooper]

To adopt the parliamentary energy commission, the draft law of oil and gas, government

22/08/2011 14:22

Baghdad, August 22 / August (Rn) - The Commission on oil and energy in the Iraqi Council of Representatives on Monday, its dependence on the government version of the draft law of oil and gas instead of the version submitted by the last week in the Iraqi parliament session.

Tawki zaxo, oil And wait for the oil and energy legislative draft was sent to law by the Iraqi government, such as the study presented to the Parliament for discussion and vote on approval.

The government's Energy Committee, headed by Deputy Prime Minister Hussein Shahristani, has handed over the middle of the Council of Ministers a draft law last month after completing adjustments.

A member of the Commission on oil and energy parliamentary Furat al-Shara told the Kurdish news agency (Rn) that "the Commission on oil and energy parliamentary decided to rely on a draft law prepared by the government instead of the draft law put forward by the last week in a meeting of the Council of Representatives."

He continued by saying that his committee will be presented the first reading of the law after the amendments to it after a week of his arrival.

The oil imports about 95% of Iraq's budget, but so far nothing in the law regulating the affairs of the country despite the conclusion of many of the energy contracts with international companies to develop Iraqi oil fields.

And the failure of the House of Representatives to pass Bdorth previous oil and gas law, which was expected to rise oil situation if approved.

Shara added that "the parliamentary committee waiting for oil and gas law from the government to reduce oil contracts that do not sponsor political general oil for the country."

The absence of law and the cause of a number of problems in this sector, particularly oil contracts signed by the Kurdistan Regional Government with international companies to develop fields, and Baghdad says it is "illegal", while confirming the region "compatibility with the Iraqi law."

Iraq has the OPEC member's fourth-largest oil reserves in the world.

The giant international companies in the field of energy has won contracts through three rounds of a license to develop oil fields discovered untapped.

Although the Iraqi government predicted the arrival of its crude oil production to about 12 million barrels per day over the next five years, but experts have questioned the production and access to that goal, and said that seven million barrels a day was a reasonable figure.

Wanan of Jafar, the Open: Abdullah Sabri

[behaviorkat]

Yeah........... BINGO!

[Papster]

Thanks for the post and nice find super trooper...........this is great.........as soon as we see the hcl passed........this thing will be moving.........hang on....... we are almost there.........GO DINAR