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Posted: August 25, 2011 by THE CURRENCY NEWSHOUND - Just Hopin in Iraqi Dinar/Politics
Tags: Baghdad, Conscription, Council of Representatives of Iraq, Iraq, Kurdistan Regional government, Oil reserves, Oil reserves in Iraq, Politics of Iraq Iraqi government completed the amendments to the draft law of oil and gas
Baghdad, August 25 / August (Rn) – The adviser in the Iraqi government said on Thursday that the Council of Ministers ended the necessary amendments to the law of oil and gas, and will be submitted to the Parliament after the Eid holiday.
The Committee on oil and energy in the Iraqi Council of Representatives announced Monday, its dependence on the government version of the draft law of oil and gas instead of the version submitted by the last week in the Iraqi parliament session.
And wait for the oil and energy legislative draft was sent to law by the Iraqi government, such as the study presented to the Parliament for discussion and vote on approval.
The Economic Adviser in the government peace Qureshi, told the Kurdish news agency (Rn) that “the Iraqi government ended the amendments to the draft law of oil and gas made by the Committee state energy at the end of the month of July last.”
“The Council of Ministers will raise the draft law of oil and gas to the House of Representatives after the Eid al-Fitr holiday for approval to organize political oil in a manner commensurate with the budget in 2012.”
Iraq held three rounds of licenses and a number of major oil projects, which sees the oil and energy should be coordinated with the parliamentary oil and gas law deferred.
The oil imports about 95% of Iraq’s budget, but so far nothing in the law regulating the affairs of the country despite the conclusion of many of the energy contracts with international companies to develop Iraqi oil fields.
And the failure of the House of Representatives to pass Bdorth previous oil and gas law, which was expected to rise oil situation if approved.
The absence of law and the cause of 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 “compatibility with the Iraqi law.”
Iraq has the OPEC member’s fourth-largest oil reserves in the world.
The giant international companies 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 over the next five years, but experts have questioned the production and access to that goal, and said that seven million barrels a day was a reasonable figure.
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Tags: Baghdad, Conscription, Council of Representatives of Iraq, Iraq, Kurdistan Regional government, Oil reserves, Oil reserves in Iraq, Politics of Iraq Iraqi government completed the amendments to the draft law of oil and gas
Baghdad, August 25 / August (Rn) – The adviser in the Iraqi government said on Thursday that the Council of Ministers ended the necessary amendments to the law of oil and gas, and will be submitted to the Parliament after the Eid holiday.
The Committee on oil and energy in the Iraqi Council of Representatives announced Monday, its dependence on the government version of the draft law of oil and gas instead of the version submitted by the last week in the Iraqi parliament session.
And wait for the oil and energy legislative draft was sent to law by the Iraqi government, such as the study presented to the Parliament for discussion and vote on approval.
The Economic Adviser in the government peace Qureshi, told the Kurdish news agency (Rn) that “the Iraqi government ended the amendments to the draft law of oil and gas made by the Committee state energy at the end of the month of July last.”
“The Council of Ministers will raise the draft law of oil and gas to the House of Representatives after the Eid al-Fitr holiday for approval to organize political oil in a manner commensurate with the budget in 2012.”
Iraq held three rounds of licenses and a number of major oil projects, which sees the oil and energy should be coordinated with the parliamentary oil and gas law deferred.
The oil imports about 95% of Iraq’s budget, but so far nothing in the law regulating the affairs of the country despite the conclusion of many of the energy contracts with international companies to develop Iraqi oil fields.
And the failure of the House of Representatives to pass Bdorth previous oil and gas law, which was expected to rise oil situation if approved.
The absence of law and the cause of 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 “compatibility with the Iraqi law.”
Iraq has the OPEC member’s fourth-largest oil reserves in the world.
The giant international companies 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 over the next five years, but experts have questioned the production and access to that goal, and said that seven million barrels a day was a reasonable figure.
[You must be registered and logged in to see this link.]
