Monday, December 27, 2010

Iraq Oil and Gas Law ~ Laibi Calls for Rapid Ratification of the Oil and Gas Law ...

December 27, 2010

Laibi calls for rapid ratification of the oil and gas law

بغداد ــ قاسم الحلفي Baghdad, Qassim Hilfi

Oil Minister Abdul Karim and coffee, the House of Representatives, to speed up the ratification of the oil and gas law, as he emphasized the Ministry's campaign to overcome production in less time than planned to allow it to regain its active role in the Organization of Petroleum Exporting Countries.


The minister said during the ceremony of his accession to bag the ministry of his successor Dr. Hussain al-Shahristani, the rate of daily oil production now stands at 2.0006 million barrels, after it has been to raise the ceiling of production during the last term. He noted during a ceremony held by the ministry, and attended «morning» yesterday, that «the Ministry of Oil Stsabak time and seeks to return Iraq to its natural place in the Organization of Petroleum Exporting Countries and will try to overcome the productivity in less time than planned », warning of« that the threat of terrorism still remains aimed at the ministry, especially that the Iraqi economy depends on the revenues are so full cast upon us the responsibility to double ». and student employees of the ministry permanence the achievements made to overcome the productivity acceleration of the roof, and urged them to exert more efforts to return Iraq to normal between the oil-producing countries.

He said the coffee, saying: «We have to race against time and adopt dialogue and to resolve all our disputes, competition for the development of plans to increase production capacity and Alkhoznip and investment optimization of energy drinks, the associated gas».

He stressed that the ministry will provide all the support and backing of the foreign companies winning licenses cycles of the oil fields and gas for the benefit of the signing of contracts, at the same time stressing the need to work to find appropriate solutions for the fields shared with neighboring countries.

The minister pointed out that the next phase will see the construction of refineries, oil giant is working to fill the need for the local market on the one hand and the intervention of the country's export on the other.


He revealed that the Ministry of Oil in connection with the opening of universities oil competent to meet the need of the ministry, stressing its support for the promotion of domestic investment to become the Iraq of the influential countries of the Organization of Petroleum Exporting Countries.


The minister called on the House of Representatives to the enactment of the oil and gas «because of its importance in a time of renaissance and a prominent oil to suit the investment of oil wealth and the interest of the country

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