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BAGHDAD - Al Sabah
said the Energy Committee of the Council of Ministers approving the service contract for field crutch gas in Anbar, while the complexity of the Parliamentary Energy Committee hearing today clarification on the law of oil and gas contracts to develop the fields.
came in a press release issued by the agency reported, "Nina" news yesterday: It held its nineteenth meeting chaired by Deputy Prime Minister for Energy, Dr. Hussain al-Shahristani and presence of the ministers of oil, electricity, science and technology, and decided to approve the request of the Ministry of Oil on the service contract for field crutch gas and forwarded to the Council of Ministers for approval.
The coalition of companies, "Ko Kaz" South Korea and "Kaz" Kazakh, won on the twentieth of the month of October of last year's contract to develop crutch gas field in Anbar province.
Under this contract, this coalition would receive 5 dollars and 50 cents for each barrel of oil equivalent. This is a price less than the price offered by the ministry.
and the effects of raised field for investment against the province of Anbar, who described the decision as non-deliberate, causing a huge drain on public funds.
The Board felt that the oil ministry did not take the opinion of the local government in Anbar province on its strategy in the launch field crutch for investment. And paragraph 112 of the constitution stipulates that the investment will be based on decisions of the provincial councils.
In the meantime, the committee on oil, energy and natural resources in the House of Representatives Wednesday session clarification on the law of oil and gas, and oil and gas contracts.
A statement by the Department of the media in the House yesterday "The meeting, attended by Chairman of the Commission on oil and energy and natural resources and its members will be held at the Convention Center the morning of the tenth hour."
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