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11/29/2011 | (Voice of Iraq) - Add comments - Sumerian News / Basra, said the Basra Governorate Council, Tuesday, lifted for a lawsuit against the Ministry of Oil in the Federal Court to protest the signing of contracts with international companies in licensing rounds and the establishment of a gas company Basra without coordination with local government, urging the ministry to re-sign a contract the company. The head of the provincial council in Basra Sabah Hassan Albzona in an interview for "Alsumaria News", "the Council filed a lawsuit in federal court in Baghdad against the Ministry of Oil on the back of its previous tours licenses and recently signed the final contract to establish the Basrah Gas Company with the companies of Shell, Mitsubishi, without coordination with the Council of the province. " He Albzona that "the Council calls through the lawsuit to compel the oil ministry in coordination and consultation with him when its contract with foreign companies on projects in Basra, in addition to re-signing the final contract to establish the gas company after coordinating with the provincial council, "asserting that" The ministry and the two companies Shell and Mitsubishi erred when it ignored the Council and signed the contract in spite of knowledge of constitutional rights and legal for local governments. " continued the President of the Council, which belongs to the mass of a coalition of state law that "the Council did not object to the establishment of Basrah Gas Company because of their significant role in the development of national economy, but object to the method of its establishment," noting that "the Council does not demand more than the rights of conservative guaranteed by the Constitution." predicted Albzona be a court ruling "in favor of Council of the province. " The Ministry of Oil signed, last Sunday, (November 27 cur) final contract for the establishment of Basrah Gas Company with the companies of Royal Dutch Shell and British Mitsubishi of Japan, and predicted the oil ministry to get Iraq to direct revenue as a result of incorporation of the company up over the past 25 years to come to 31 billion and $ 157 million, also confirmed that the production company will cover the need for power stations gas in full, amounting to more than 3500 million cubic feet. referred to the Cabinet agreed, mid-month, the establishment of Basrah Gas Company, which will address the associated gas operations oil production in the fields of Rumaila, Zubair, West Qurna partnership between the South Gas Company, owned by the Ministry of Oil by 51%, and the two Shell by 44% and Mitsubishi by 5%, and the investment costs for the new company $ 17 billion, of which 12 billion and 600 million earmarked for the rehabilitation of existing facilities and the establishment of new units. Preliminary estimates indicate that Iraq possessed stockpiles of natural gas estimated at 112 trillion cubic feet, but that around 700 million cubic feet burned per day in oil production and wasting due to lack of infrastructure to produce it. The Iraqi Oil Ministry has in the May of last year, a third licensing round for the development of three gas fields are the fields Mansuriyah in Diyala, and Siba in Basra, and a crutch in gray, while the ministry announced two months ago for licensing round a fourth, which aims to explore 12 oil fields and gas, there are in the provinces of Anbar and Nineveh, Najaf and Diyala and Wasit and Diwaniyah.
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