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Parliamentary sources expect 2007 to adopt the draft law of oil and gas
Date: Thursday, 05.03.2012 6:58
Baghdad / Ahmed Abed Rabbo
revealed oil and energy parliamentary in the words of a member of the Adi-Awad of the existence of an initial agreement between the political blocs to approve the draft of 2007 into law a final oil and gas, at the same time ruled out the oil experts to witness the coming days to agree on final image of this law
Pointing to the unity of the differences between the center and the region and that kept Exxon Mobil compete.
A member of the Committee, Uday Awad's (long): The draft law of oil and gas for 2007 will be agreed upon in the parliament as law final, pointing out that the tours that desire to the Ministry of Oil conclusion is invalid as not based on the ground of constitutional as well as influenced by political decision.
said Awad: that the political decision-authoritarian on the joints of the Ministry with the absence of oil and gas law has led to a state of jurisprudence is studied as a result, errors affected the oil wealth.
He Awad: You must accelerate the enactment of a law of oil and gas to be fertile ground for investment that the country in need of exploration of new and development, noting that reliance on the old wells reflect negatively on the oil industry in Iraq.
For his part, said oil expert Halim Kazem (range): The oil industry needs to explorations new contribute to maximize the oil resources and enhances the status of Iraq's oil markets world, pointing out that the licensing round, the fourth will increase the size of inventories of oil and gas companies that will compete giant companies and the lack of involvement of Exxon Mobil does not affect in this round unlikely to witness a few days to agree on a final draft Because the dispute deep.
to that said oil expert Hamza Jeweler's (long) The absence of oil and gas law does not affect in this round as exploratory, explaining that it depends on the laws in force in the ministry and do not need to enact laws in parliament.
He Jeweler: that the areas that are the exploration is promising for gas more than oil, noting that in the case of undiscovered gas shall not Iraq losses, either in the case found it will be for these companies the right to invest.
He pointed out that the dimensions of Exxon Mobil a bold step by the government, noting that there were companies giant compete on the tour.
The Ministry of Oil that it has taken an important step for investment optimization of gas in the ground to reflect its effectiveness on all parts of Iraq, and the ministry had occurred during the previous years contracts with several international companies to develop some oil fields and the Ministry seeks to raise the ceiling of production to 11 million barrels per day within six years,
and some experts and specialists is impossible to reach the figure of the production.
Iraq exports crude oil from the ports of Basra and Khor al-Amaya in the Persian Gulf, as well as the Turkish port of Ceyhan on the Mediterranean, and through the truck by truck to Jordan, and Iraq currently produces about 2.0005 million barrels of crude oil per day, and the proportion of exports from the Basra oil 90%, while the remaining issue of Kirkuk.
and the Cabinet approved a draft law of oil and gas in 2007 but faced objections Kurdish, and observers believe it represents the differences between Arbil and Baghdad on sharing of oil revenues and control over some fields in northern Iraq and the Kurdistan region.
law will determine the party that controls the vast oil reserves, Iraq's fourth-largest reserves in the world and also aims to attract foreign investors.
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