Energy parliamentary critical of the absence of oil and gas law in light of increasing oil production of the country
Energy parliamentary critical of the absence of oil and gas law in light of increasing oil production of the country
31.03.2014 (0:01 pm)
Basra / range Press
Confirmed the South Oil Company, that the production of the West Qurna field -2 will rise from 125 thousand barrels per day currently to 1.0002 million thousand end of 2017, while stressing Parliament on the need to approve oil and gas law to resolve disputes between the center and the Kurdistan region and the rest of the producing provinces as well as to regulate the relationship between Iraq and international companies operating in its territory.
The director of the South Oil Company, Dhia Jaafar al-Moussawi, said that “Russian Lukoil, started producing an average of 125 thousand barrels per day from West Qurna – 2,” expected to “increase the production of the field to 1.0002 million thousand b / d the end of the year 2017″ .
For his part, counting a member of the Commission on oil and energy parliamentary Furat al-Shara, that “the lack of legislation in oil and gas law leaves a negative impact with an increase in oil production,” stressing the need to “establish law to resolve the outstanding problems in the oil sector and regulate the production and export with transparency.”
He believed al-Shara, that “the existence of oil and gas law will solve a lot of problems between the center and local governments as well as the problems between Baghdad and Erbil, and it can also contribute to regulate the relationship between the Iraqi government and foreign companies operating in the oil fields.”
The Deputy Prime Minister for Energy Hussain al-Shahristani, announced yesterday during the ceremony, about to start production of the field that is the second largest field in the world, and pledged to compensate the families affected by the project, and when he called on the ministries of oil and industry, minerals and the local government in Basra, to encourage foreign companies to invest in petrochemical industries, Oil Minister Abdul Karim and coffee, opening the field to “historic achievement” that will enable the Iraqi government to implement its development programs.
The Russian Lukoil, has revealed in, (the 27 of March current), the start of production of 120 thousand barrels of oil a day from West Qurna – 2, indicating that it is used in that way, “a unique and successful economic” unique for competitors of global companies .
The deputy prime minister for energy, Hussain al-Shahristani, has called on the Russian Lukoil, last Sunday, to accelerate the pace of production in the West Qurna-2, hello viewing establish mining company jointly with the Ministry of Oil and a complex of petrochemical industries in Basra, while the company confirmed that Production from the field will begin before the end of this month, a primary card of 120 thousand barrels.
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