September 30, 2011
Iraq: the law was passed across the national oil company until the ratification of the oil and gas law
Baghdad, A member of the parliamentary oil and energy, said Friday that his committee decided to postpone the adoption of a law the national oil company until the passage of a law of oil and gas.
Said Furat al-Shara told the Kurdish news agency (Rn) that "the Commission on oil and energy parliamentary law firm decided to withdraw the national oil until the oil law and the gas form of political support the country's oil."
He added that the "law of the national company will be talking about as the Oil Ministry, which is still object to some of the paragraphs which it believed it did confuse Taakedtha on the last three licensing rounds."
He explained that "the oil and gas committee has asked the Presidency of the parliament not to include the law of the national oil company on its agenda to read it a second reading during the month of October as planned."
And ended with the oil and energy parliamentary study of the development of an integrated national oil company
And given to the parliamentary energy commission, the national oil company has oversight over oil resources and oil projects Altfeselh follow-up after the oil ministry in accordance with law regulating its work
The oil ministry has declared the month of September / September last year 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 of oil.
Plans to increase Iraq's oil exports during the next six years to 12 million barrels per day after obtaining the approval of the international oil (OPEC)
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