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Posted: August 26, 2011 by THE CURRENCY NEWSHOUND - Just Hopin in Iraqi Dinar/Politics
Tags: Baghdad, Council of Representatives of Iraq, Iraq, Kurdistan Regional government, Law, Oil and gas law in the United States, Petroleum, Politics of Iraq
Baghdad (news) .. said an economist Hussein star of the oil and gas law in the event of activation will for the first time the establishment of Information Center of Iraqi petroleum to transport long-standing expertise and documented, noting that this law will clarify the mechanism of the Supreme Council of Energy through the identification of management of oil wealth and non-interference political factor framework quotas
The star said in a statement to contact the Agency (news) Friday: “This project in the event has been activated it for the first time the establishment of Information Center of Iraqi petroleum, which would help to bring long-standing expertise possessed by experts in the oil and gas, as law-making mechanism of the Supreme Council for Energy and which will be determined by management of oil wealth by (100%) and not to enter the political factor in the framework of the quota system, but it would be supportive of the capacity of Iraqi technical and development.
“The star of” The draft oil and gas art through which to identify the means Alasttratejah of the oil wealth, also addressed the draft management Petroleum sources and the authority to regulate the contracts from the central government with public companies through licensing rounds first, second and third.
He said: There are some contracts because of the legislative environment and infrastructure has not been completed, this law has modified the contract and identified in terms of exploration, production and marketing. “
He criticized the Star asked some experts to cancel this law when he referred to it carries the spirit of the Constitution of the Article (111_112) in a bid application, interpretation and production control Alhamla licenses, increasing companies respect the Constitution and the sovereignty of Iraq and not leave it. “
It is noted that the Energy Commission noted in a statement earlier “(of the Agency news)” that the law in the event of peace of errors would give the oil ministry’s right to deal with the companies so-called contracts and licensing rounds and prevents from disposing of factional and personal, partisan and at the same time puts limits to deal with these companies “.
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Tags: Baghdad, Council of Representatives of Iraq, Iraq, Kurdistan Regional government, Law, Oil and gas law in the United States, Petroleum, Politics of Iraq
Baghdad (news) .. said an economist Hussein star of the oil and gas law in the event of activation will for the first time the establishment of Information Center of Iraqi petroleum to transport long-standing expertise and documented, noting that this law will clarify the mechanism of the Supreme Council of Energy through the identification of management of oil wealth and non-interference political factor framework quotas
The star said in a statement to contact the Agency (news) Friday: “This project in the event has been activated it for the first time the establishment of Information Center of Iraqi petroleum, which would help to bring long-standing expertise possessed by experts in the oil and gas, as law-making mechanism of the Supreme Council for Energy and which will be determined by management of oil wealth by (100%) and not to enter the political factor in the framework of the quota system, but it would be supportive of the capacity of Iraqi technical and development.
“The star of” The draft oil and gas art through which to identify the means Alasttratejah of the oil wealth, also addressed the draft management Petroleum sources and the authority to regulate the contracts from the central government with public companies through licensing rounds first, second and third.
He said: There are some contracts because of the legislative environment and infrastructure has not been completed, this law has modified the contract and identified in terms of exploration, production and marketing. “
He criticized the Star asked some experts to cancel this law when he referred to it carries the spirit of the Constitution of the Article (111_112) in a bid application, interpretation and production control Alhamla licenses, increasing companies respect the Constitution and the sovereignty of Iraq and not leave it. “
It is noted that the Energy Commission noted in a statement earlier “(of the Agency news)” that the law in the event of peace of errors would give the oil ministry’s right to deal with the companies so-called contracts and licensing rounds and prevents from disposing of factional and personal, partisan and at the same time puts limits to deal with these companies “.
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