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The Iraqi government is considering the amended version of the draft law of oil and gas
01/07/2011 13:21
Baghdad, July 1 (Rn) - The Energy Commission in the Iraqi Council of Ministers chaired by the Deputy Prime Minister Hussein Shahristani said Friday that it received the amended version of the draft law of oil and gas and is studying it in preparation for submission to the Cabinet and then sent to the House of Representatives. The oil imports about 95% of Iraq's budget, but so far no country's law to regulate its affairs, despite the conclusion of many of the energy contracts with international companies to develop Iraqi oil fields. The director of the Information Office of the Deputy Prime Minister for Energy, Faisal Abdullah, told the Kurdish news agency (Rn ) The "Committee for state energy component from the Ministries of Oil, Electricity, Environment and Water Resources received a revised version of the draft law of oil and gas and will study them and make the necessary adjustments and then referred to the Cabinet again." He added that "the meeting of the state energy, which was today confirmed the need to accelerate the adoption of oil and gas law to regulate the export of oil and extraction in the next stage, "noting that" the Committee's next meeting next week will present members of the Committee observations on the version amended by the Law of oil and gas. " and the failure of the House of Representatives Bdorth previous pass a law that oil and gas was expected to rise oil situation if approved. and lawlessness caused by a number of problems in this sector, particularly oil contracts signed by the Kurdistan Regional Government with international companies to develop fields, and Baghdad says it is "illegal", while confirming the region "conformity with the laws of Iraq" . Iraq has the OPEC member's fourth-largest oil reserves in the world. The companies global giant in the field of energy has won contracts through three rounds of a license to develop oil fields discovered untapped. Although the Iraqi government predicted the arrival of its crude oil production to about 12 million barrels per day during the next five years, but experts have questioned the arrival of production to that goal, and said that seven million barrels a day was a reasonable figure. Wanan of Jafar, the Open: Abdullah Sabri
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01/07/2011 13:21
Baghdad, July 1 (Rn) - The Energy Commission in the Iraqi Council of Ministers chaired by the Deputy Prime Minister Hussein Shahristani said Friday that it received the amended version of the draft law of oil and gas and is studying it in preparation for submission to the Cabinet and then sent to the House of Representatives. The oil imports about 95% of Iraq's budget, but so far no country's law to regulate its affairs, despite the conclusion of many of the energy contracts with international companies to develop Iraqi oil fields. The director of the Information Office of the Deputy Prime Minister for Energy, Faisal Abdullah, told the Kurdish news agency (Rn ) The "Committee for state energy component from the Ministries of Oil, Electricity, Environment and Water Resources received a revised version of the draft law of oil and gas and will study them and make the necessary adjustments and then referred to the Cabinet again." He added that "the meeting of the state energy, which was today confirmed the need to accelerate the adoption of oil and gas law to regulate the export of oil and extraction in the next stage, "noting that" the Committee's next meeting next week will present members of the Committee observations on the version amended by the Law of oil and gas. " and the failure of the House of Representatives Bdorth previous pass a law that oil and gas was expected to rise oil situation if approved. and lawlessness caused by a number of problems in this sector, particularly oil contracts signed by the Kurdistan Regional Government with international companies to develop fields, and Baghdad says it is "illegal", while confirming the region "conformity with the laws of Iraq" . Iraq has the OPEC member's fourth-largest oil reserves in the world. The companies global giant in the field of energy has won contracts through three rounds of a license to develop oil fields discovered untapped. Although the Iraqi government predicted the arrival of its crude oil production to about 12 million barrels per day during the next five years, but experts have questioned the arrival of production to that goal, and said that seven million barrels a day was a reasonable figure. Wanan of Jafar, the Open: Abdullah Sabri
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