Sumo: Adoption of the law of oil and gas key to the development of Iraq’s energy sector
Sumo: Adoption of the law of oil and gas key to the development of Iraq’s energy sector
09/08/2014 16:11
Tomorrow’s Press / Baghdad: The director of the company (SOMO) for the export of crude oil, Falah al-Amiri, Monday, that the passage of oil and gas law in the House of Representatives will be the guarantor of the oil industry and a measure of true extent of development Emergency them. Amery said for “tomorrow’s Press,” said, “There is a phrase of measures that must be taken in this vital sector, notably the adoption of the law of oil and gas power in the House of Representatives after making the required modifications to make it useful for the industry and for the regulation of oil wealth by the federal government and the Kurdistan region. ” and added that “is imperative also passing a law to establish a company National Oil and start the procedure for oil companies such as distribution companies, drilling and refinery projects and tankers for the purpose of preparing for privatized partially in the future. ” and stressed that “one of the most important real obstacles is the lack of industry liquidation Therefore we are forced to import large quantities of petroleum products from abroad while will ensure the establishment of projects giant filter obviate the need for imports and even shift to Tsdder and Tvied large proportions of production. ” and pointed out that “Iraq is a big economic environment and therefore will not face such attitudes are no problem in finding companies or investors seeking to implement.”
The Commission on oil and energy parliamentary, on the sixth of September, 2011, that the draft law of oil and gas provided by the Government to the Parliament, involves a “constitutional violation” to confiscate the right of the provinces and territories, indicating that it is possible to modify the bill and enriching to find a suitable formula to be agreed upon between the political blocs .
The Iraqi government announced, in the 28th of August, 2011, for the ratification of the draft law of oil and gas, and decided to submit them to Parliament for approval, while office announced Deputy Prime Minister for Energy Affairs, Hussein al-Shahristani, on the second of July, the government introduced “some amendments “to the draft oil law, which is long overdue and reviewed by the Energy Commission of the Cabinet.
alghadpress.com
