December 4, 2010
House of Representatives shows oil and gas law to discuss mid-month
A member of the National Alliance, on Saturday, the House of Representatives will discuss the middle of this month, oil and gas law to regulate the export of crude oil out of the country.
The MP said Haider al-Yasiri of Kurdistan News Agency (Rn) that "the Iraqi Council of Representatives will discuss the issue immediately after completion of the rules of procedure and distribution committees and activating its oil and gas law, which was supposed to approve in the previous parliamentary session."
"The House of Representatives seeks to approve oil and gas law before the end of this year to develop its oil exports in line with Iraq's ambitions to increase exports by 12 million barrels a day."
He called a number of economic experts earlier to make amendments to the oil and gas law as it stands with regard to paragraph (IV - c) of Article 18 relating to obsolete the initial contract, and the formation of the Federal service.
And the failure of the former House of Representatives to pass the oil and gas law, which was expected to rise oil situation in the country in case of adoption, and finds a number of experts involved in studies of oil that Iraq is missing so far to the political oil and clear.
Iraq held two rounds of last year licenses to invest in oil fields resulted in winning several international companies of different nationalities to develop ten fields in different regions, then held on the fourth of October last third oil licensing round.
The Iraqi Ministry of Oil of the Iraqi Drilling Company announced the completion of drilling of 35 wells oil since the beginning of this year in partnership with international companies in different parts of the country.
And announced that the Iraqi Oil Ministry in September last that crude oil inventories in the country was 505 billion barrels of discovered fields that $ 66 oil fields, with total recoverable reserves of 143 billion barrels.
Iraq seeks to access the oil produced within the next six years between 10 and 12 million barrels per day, and plans to increase Iraq's oil exports oil daily after obtaining approval from the Organization of the international oil cartel.
http://translate.google.com/translate?js=n&prev=_t&hl=en&ie=UTF-8&layout=2&eotf=1&sl=auto&tl=en&u=http://www.aknews.com/ar
House of Representatives shows oil and gas law to discuss mid-month
A member of the National Alliance, on Saturday, the House of Representatives will discuss the middle of this month, oil and gas law to regulate the export of crude oil out of the country.
The MP said Haider al-Yasiri of Kurdistan News Agency (Rn) that "the Iraqi Council of Representatives will discuss the issue immediately after completion of the rules of procedure and distribution committees and activating its oil and gas law, which was supposed to approve in the previous parliamentary session."
"The House of Representatives seeks to approve oil and gas law before the end of this year to develop its oil exports in line with Iraq's ambitions to increase exports by 12 million barrels a day."
He called a number of economic experts earlier to make amendments to the oil and gas law as it stands with regard to paragraph (IV - c) of Article 18 relating to obsolete the initial contract, and the formation of the Federal service.
And the failure of the former House of Representatives to pass the oil and gas law, which was expected to rise oil situation in the country in case of adoption, and finds a number of experts involved in studies of oil that Iraq is missing so far to the political oil and clear.
Iraq held two rounds of last year licenses to invest in oil fields resulted in winning several international companies of different nationalities to develop ten fields in different regions, then held on the fourth of October last third oil licensing round.
The Iraqi Ministry of Oil of the Iraqi Drilling Company announced the completion of drilling of 35 wells oil since the beginning of this year in partnership with international companies in different parts of the country.
And announced that the Iraqi Oil Ministry in September last that crude oil inventories in the country was 505 billion barrels of discovered fields that $ 66 oil fields, with total recoverable reserves of 143 billion barrels.
Iraq seeks to access the oil produced within the next six years between 10 and 12 million barrels per day, and plans to increase Iraq's oil exports oil daily after obtaining approval from the Organization of the international oil cartel.
http://translate.google.com/translate?js=n&prev=_t&hl=en&ie=UTF-8&layout=2&eotf=1&sl=auto&tl=en&u=http://www.aknews.com/ar
