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Oil and energy: the establishment of Basra Gas Company will take four years
On: Friday 16/12/2011 5:30
BAGHDAD / long
considered the Commission on oil and energy in the House of Representatives that the step of establishing a company gas Basra came late, stressing that its establishment would take four years.
A member of the MP / State of Law / Fatima Alzerkane in a statement to the Agency by news Thursday: The step of establishing Gas Company of Basra came late, and was supposed to be all of these procedures over the past years the company has to be given off during this period, noting that the foundation needs to be at least four years to expand a company and start working effectively.
Predicted Alzerkane to file oil and energy will rebound after the withdrawal of U.S. troops end of this year, describing that the Iraqi people will live in the spring of psychological and economic in all areas after years of desperate the forces of evil and terrorism it.
The government spokesman Ali al-Dabbagh announced mid this month that the Board of Ministers approved the establishment of Basrah Gas Company, which will address the gas associated with oil from the fields of Rumaila, Zubair, West Qurna 1 / partnership between the South Gas Company, owned by the Ministry of Oil by 51% and a coalition of Royal Dech Shell by 44% and Mitsubishi of Japan by 5% total investment valued at 17 billion dollars for a period of (25) years, and will be the rehabilitation of existing facilities to the South Gas Company in Basra and the establishment of new facilities for collecting and processing the gas.
where will the South Gas Company in the first asset-based-owned company is to cover its share in cash stage later, with the possibility to submit the partner foreign loan of one billion dollars to finance part of the capital of the South Gas Company.
Dabbagh said that the capacity of the proposed project will be around (2000) million standard cubic feet / day (Mqmq).
Al-Dabbagh said the Iraqi government will impose income tax worth 35% and import duty of $ 5% paid to the state treasury and export duty of 1% paid to the Oil Marketing Company (SOMO) on the work of the Gas Company of Basra.
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