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MP Saad calls for the need for legislation to speed up oil and gas law
PUKmedia Leila Shammari / Baghdad 01.19.2012 20:50:41
Called a member of the House of Representatives on the mass of the Islamic Virtue, one of the components of the National Alliance for the Committee on Energy and Oil parliamentary Susan Saad, through a press statement today, Thursday, 01/19, the need to speed up the legislation of oil and gas law, which will join the appropriate mechanism to resolve all disputes, between the federal government and local governments.
MP Saad said that the lack of prior coordination between the Oil Ministry and local administrations in the provinces was due to the absence of a law draws the right steps to agreements with specialized international companies, causing a legal and administrative forms in how the contract and the competent authority in that.
Saad confirmed that the Act should be initiated as soon as approved by the House of Representatives and only there will be many future problems experienced by the oil ministry, as well as local Aladarah in each province.
She Saad to the economic importance of the law and stop him from making the country's oil policy, everyone had to seriously consider endorsing the coming period.
Iraq has been unilateral artery in the economy and revenues (oil) as it recorded the highest exports by the end of last year, two million one hundred and sixty-five barrels per day as well as statements Almsúla in the federal government to reach the end of Iraq's exports last year to three million barrels. The Ministry of oil contracts with foreign companies in licensing rounds and the first and the second to raise the export capacity of Iraq over the next six to 11 million barrels per day in addition to the gas contracts.
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