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Energy Commission: the need for the enactment of the oil and gas to achieve the principle of justice
Date: Monday 26/3/2012 7:08
Baghdad / term
called a member of the Committee on Energy and Oil parliamentary deputy for the Kurdistan Alliance bloc Qasim Mohammad Qasim to the need for the enactment of the oil and gas because it regulates the oil contracts concluded with investment firms and achieve the principle of transparency and fairness in the distribution of revenues for all people of the country.
The denominator (of the Agency news) on Sunday: Lift the ban and exceptions for all international oil companies honest work on the subject of contracts, the investment of the oil fields because the country is in urgent need to contract with these companies, discreet and well-known in order to increase revenues Finance earned from export of crude oil, the fact that general budget of the fiscal deficit is estimated at (15) trillion dinars, it can not fill any deficit without an increase in financial revenues of the state.
He added, it is necessary to achieve the principle of transparency in the distribution of revenues generated from oil exports to all people and working to serve them, in addition to the organization contracts with the global investment firms, and this comes through the enactment of the oil and gas laws and the four attached to it into law the establishment of the national oil company and the law of the Council of the Union of oil and gas, as well as the legal allocation of fiscal revenue to balance federal and monitoring revenues generated from oil.
stressed member Committee on Energy and Oil parliamentary on the need to accelerate the legislation of such laws as it serves the country and its people through the organization of contracts, whether the federal government or a province or provinces produced with international oil companies and the high level of transparency taking into account the fair distribution of revenues and increased imports of Finance of Iraq.
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