Parliamentary divergence of views on the law «National Oil Company»

Parliamentary divergence of views on the law «National Oil Company»

3/21/2016 0:00

Baghdad , Omar Abdel – Latif
reiterated the Kurdistan Democratic Party bloc member reservation on the National Oil Company Law before the enactment of the oil and gas law, while considered a member of the National Alliance of law «unconstitutional» Refer this reservation to «fear to be a central character». A member of the Council, the Kurdistan Democratic Party, Tariq friend Rashid said in a statement singled out by the «morning»: The articles 111 and 112 of the Constitution Binta how to behave in natural resources, and confirmed that it belongs to all the people of Iraq, including oil and gas, noting that the establishment of the oil company national , whether the contribution or other, must be preceded enactment of the oil and gas law under the Iraqi constitution and after the law legislation and then founding.
Article 111 of the Constitution provides that «oil and gas is the property of all the Iraqi people in all the regions and provinces», while Article 112 First , that «the federal government will administer oil and gas extracted from current fields with the governments of producing regions and provinces on condition that the revenues are distributed equitably compatible with the demographical distribution all over the country, with the quota for a specified period for affected regions that were deprived in an unfair way by the the former regime, which were damaged after that, to ensure balanced development in different parts of the country, and is regulated by law «Second« The federal government and the governments of producing regions and provinces together will draw up the necessary to develop oil and gas wealth of strategic policies, so as to achieve the highest benefit to the Iraqi people, relying on the most techniques market principles and encouraging investment ».
for his part, MP, for the virtue Party, Jamal Muhammadawi: the fear of the Kurds from the enactment of this Act, the result of fears that such law is a central character.
he said Muhammadawi, in a statement singled out by the « morning »founding law national oil Company , an important and sensitive, comes within the laws package relating to the oil and energy, especially as the approval of oil and gas law process, dependent class basis on the legislation «national oil Company Law».
He added that the company had been working separately and is responsible for the north, south and center of oil companies , is that the former regime has decided to include the oil law within the ministry ‘s law in 1987, indicating that the government withdrew the latest version of this law within the law package , which withdrew from the parliament, but the presidency of the parliament insisted on reading this edition for the first time, that are approaching General Secretariat of the Council of Ministers on the recent amendments to the legislation package relating to oil and energy.
He hinted Muhammadawi, that the oil Ministry has a vision for this law, different from what was in the draft, and requires restructuring and write a draft law Ihhal problems between the federal government and the Kurdistan Regional government and the provinces oil producers, and that the company will be an umbrella for all the other oil companies , whether the SOC or the north or refineries.
said the parliamentarian, said the project is still under examination, particularly in regard to being put to the issue of shares and the IPO, being incompatible with Article 111 of the Constitution which states that the oil it belongs to all the people, while making the company with mixed sector contribution would give way to the thieves of public money to buy shares and thus control over these Aaltheroh important and essential for the people.
and on the reservation Kurds on its own legislation, hinted Muhammadawi, to the existence of a paragraph within the oil and gas law stating that Board of Directors ‘ decisions, must be subject to the approval of the Federal oil Council, which consists of the prime minister and the ministers of oil, planning, and a representative of the producing regions and provinces, hinting that the Kurds are afraid of the enactment of this Act and the Council. In
turn , said oil expert Hamza Jeweler: to revive the company national oil represents a quantum leap in national energy which are sectors of oil and gas file Manager.
He added that the development witnessed by the oil sector in recent years necessitated the establishment of the company to be the University of branches of multi – national companies to ensure the exploratory and developmental side of all produced in the country fields development.
He said the jeweler to work in the field of oil energy is very complex and needs to be large and solid institutions working to create administrative ambience and executive fast and efficient to keep pace with global developments.
He said the developed countries , including OPEC countries have a major national companies to lead the energy file was founded several years ago, and Iraq of the first countries in the establishment of a national oil company , but the former regime canceled that company in the seventies of the last century impulsive decision lacks proper planning.

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