04/09/2011
Parliamentary committee expects the adoption of the law of oil and gas in Iraq this month
Baghdad, forecast of the oil and gas in the Iraqi parliament on Sunday, the approval of oil and gas law by the Iraqi Parliament this month after the government agreed to the draft law.
The Iraqi cabinet has approved late last month on a draft oil law, the long-awaited and referred to the House for final approval in a move considered important for foreign investors who are demanding legal guarantees better. Deputy Chairman of the Committee on the Fayad, told the Kurdish news agency (Rn) that "the law introduced by the Government to the House of Representatives during Tuesday's session next we will ask to set a date for inclusion on the agenda for discussion by the House and pass this.
The oil imports about 95% of Iraq's budget, but so far no country's law to regulate its affairs, despite the conclusion of many of the energy contracts with international companies to develop Iraqi oil fields. and the failure of the House of Representatives Bdorth previous pass oil and gas law, which was expected to rise oil situation if approved.
He said Fayad, that "the oil and gas are now studying the draft law of all the legal and technical," adding that his committee will submit its opinion to Parliament on the draft this month in preparation for the ratification of the law. and lawlessness caused by a number of problems in this sector, particularly oil contracts signed by the Kurdistan Regional Government with international companies to develop fields, and Baghdad says it is "illegal", while confirming the region "compatibility with the Iraqi law." and has Iraq OPEC member's fourth-largest oil reserves in the world.
Even before the law was passed Iraq contracted already with international companies, a giant in the field of energy through three rounds of licenses to develop oil fields discovered untapped. Although the Iraqi government predicted the arrival of its crude oil production to about 12 million barrels per day over the next five years, but experts have questioned the production and access to that goal, and said that seven million barrels a day was a reasonable figure. of weighing-Shammari, the Open: Abdullah Sabri
http://www.aknews.com/ar/aknews/2/260181/
