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*****Oil Committee expects the flexibility and wide the new oil law and calls upon the authorities of Kurdistan to deal positively with*****
Editor: SA | MN Monday, 29 August 2011 19:28 GMT
MP from the coalition of state law, Ali Fayad
Alsumaria News /***** Erbil sign Vice Chairman of the Commission***** on oil and gas parliamentary Ali Fayad, Monday, *****to carry the bill new oil and gas, which was approved by the government****** and will be forwarded to parliament for approval,***** the flexibility and wide to receive the companies *****wishing to develop the oil industry, urged the Kurdish regional authorities***** to deal positively with discuss the law of parliament *****and not going out on compatibility.***** The hospitality in an interview for "Alsumaria News", *****"We are awaiting the draft law and when you come to the parliament *****would be subject to long discussions and deep *****and can add or modify and delete as interest," *****noting that "the new law will include a" flexible and wide***** to receive the companies wishing to develop the oil industry.***** " stressed Fayad, that "one of the reasons for the objection on the earlier drafts is the inaccuracy of the materials and give them some of the regions or provinces more than it deserves by the Constitution," referring to the Kurdistan region, calling the Kurds "to deal positively with the draft law because they part of Iraq and the political decision they have to comply with and Insjmoa with the interests of Iraq, and not to be outside the political consensus on Iraq. " The Deputy Chairman of the Committee on Oil and Gas Council of Representatives that "the most prominent items of the new draft law of oil and gas calls for maintaining oil wealth and determine the nature of extracted or postpone the extraction and the preservation of Iraq's assets and the nature of the input resources that come through the export of certain disciplines, whether financial or of the specialized central bank to maintain the people's money. " predicted Fayad to the Act of Parliament over a short period, noting, "I expect that there will be attention and speed up the enactment of such law is consistent with the speculation of economic and political developments in Iraq, "ruled out at the same time to affect the issuance of the law of contracts the previous licensing rounds, because" what was agreed upon Iraq as part of licensing rounds in force and can not interfere with it and change it because the law is the later. " ruled out Fayad, that received the draft law, passed by the Council of Ministers constraints during the parliamentary debate him, noting that "the Council of Ministers comprises all the political spectrum, and includes economists and legal experts and technicians and also the Ministry of Oil has a long history and significant in determining the most viable and useful in determining the quality of the materials covered in the law." He continued by saying, "I think that all the Iraqi people keen on the issuance of this law, which has the interests of all factions and all the components of the state and the House of Representatives, in particular to preserve the rights of the Iraqi people and the distribution of oil resources to ensure everyone's rights and the perpetuation of these resources commensurate with the interest of Iraq and economic action and development in Iraq. " The Iraqi government announced Sunday, the ratification of the draft law of oil and gas and to allocate it to parliament for approval after nearly four years of the tide and pull and the differences on the bill, as it is expected that the law regulates the sector, which is the supplier of the country's only economic. The spokesman said Government spokesman Ali al-Dabbagh said in a statement received "Alsumaria News," a copy of it on Sunday evening, "The Council of Ministers approved the new draft law of oil and gas, and decided to submit them to Parliament for approval." Dabbagh said in his statement that "the Council of Ministers also considered that any earlier drafts the law became the de canceled and should be withdrawn, "stressing that" are only dealing with the current draft submitted to Parliament. " He pointed Fayad, that Parliament had already prepared a draft law of oil and gas, stating, "Ni deputy chairman of the Commission on oil and gas you are objecting to the speed and acceleration a sponsor to enable us to receipt of the draft Law on the Council of Ministers, and I see that the project when he presents the government will be more important, accuracy and discipline to determine the priority of material covered. " The Deputy Chairman of the Committee on Oil and Gas Council of Representatives that "the distribution of oil wealth have to be consistent with the Constitution and provides by the Constitution and with the participation of all provinces and territories of the Federal Council for the oil and then give the House of Representatives and the government role is clear so you do not have provincial absolute powers to act at the expense of the provinces and the Iraqi people fully. " The Iraqi parliament warned in July the government to draft a new oil law and gas if he continued the Council of Ministers to block the original bill, which sees investors an indication crucial to stability in the country and on the basis of which has all the contracts contained within the licensing rounds, the three conducted by the government to invest oil since 2008. referred to Iraq, a founding member of the group OPEC, the state producing and exporting oil occurred early last year, more than 11 contracts worth billions of dollars with major international companies to develop oil fields, especially South of them without the presence of an oil law, and the government had previously presented the first draft of the law in February of 2007 to parliament, but political differences, particularly on relationship status in the governorates and the relationship of the center in the Kurdistan Region of Iraq have prevented the ratification of the law in parliament. Iraq currently produces about 2.7 million barrels a day rate of about 2.1 million of the southern fields and about 600 thousand barrels per day of the rights of Kirkuk, with a total issued by the oil about 2.2 million barrels per day being exported through the ports of Basra and the port of Ceyhan. aspire Iraq through investment contracts signed by the increase of oil production to 11 million barrels per day by 2017.
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