Home
Government: to extend the exemption of petroleum products imported from customs duties
Date: Thursday, 09.02.2012 7:44
Baghdad / follow-up long-
announced government spokesman Ali al-Dabbagh said the Cabinet decided at its sixth regular session on the first Tuesday to extend exemption of petroleum products imported by private sector companies, the Iraqi and foreign customs duties and tax, the reconstruction of Iraq for three more years as of January 17 2011 until January 17, 2014.
Dabbagh said that this extension was due to the expiration of the previous extension and to continue to stimulate the Iraqi private sector and foreign investment to import petroleum products and the creation of necessary infrastructure in the attribution of import operations and its importance in supporting the government effort and stability of the processing of petroleum products and to allow the private sector to contribute to the support activity import of oil derivatives and stimulate the economic process where the percentage of the volume of imports during your five years past are almost non-existent compared with the volume of imports of government because of the difficulties faced by the private sector and limiting the development and growth.
Al-Dabbagh said that the Ministry of Oil has requested this extension on July 24, 2011 from Committee on Economic Affairs supported this committee in January 9, 2012 the legality of the extension request for three years, with whom they already display the matter to the Council of Ministers at its thirty-eighth session, held on 13 October 2009 and the decision was made with a number (354) for the year 2009 included the extension of the exemption for two years from of January 17, 2009.
Ali al-Dabbagh that Article II of the Code of import and sale of petroleum products number (9) for the year 2006 had suggested exempting petroleum products imported under the present law of customs duties and tax, the reconstruction of Iraq for a period of two years from the effective date of the law which became effective of January 17, 2007.
Al-Dabbagh that the process of import of oil derivatives by the Iraqi private sector and foreign investment are under the supervision of the Ministry of Oil and approval and according to international standards set by the ministry.
In the meantime, the Oil Ministry announced the Iranian start exporting natural gas to Iraq in the atheist and twenty next March through the tube Iranian Iraqi connecting to Syria, stressing that the percentage of completion to the implementation of a project to extend the tube amounted to 40%, as revealed from a meeting of oil ministers in the three countries to discuss the evolution of work in the tube.
said Iranian Oil Minister Rustam Gasmi in statements to the press that his country is preparing to export natural gas to Iraq beginning of the Persian New Year, known as the "Nowruz", which coincides with atheist and twentieth of March of each year, "noting that the process will be through the tube connecting to Syria that the language of ratio achieved 40%."
said Ghasemi that "the Tripartite Iran-Iraq Syria has made satisfactory progress in the technical field to export gas through the tube, "while the detection of a tripartite meeting comprising ministers of oil in the three countries to discuss the evolution of work in the tube."
It is noteworthy that Iraq and Iran have signed in September of last year 2011 an agreement made under which Iran is at least 25 million cubic meters of natural gas to Iraq through the tube in question to run the stations electrical drinks.
so instructed Deputy Prime Minister for Energy, Hussein al-Shahristani, to facilitate the granting visas and residence for workers in foreign companies operating in the oil sector, calling for the need to overcome the administrative systems complex challenge of a fast-paced production.
A statement from the Office Shahristani received "Alsumaria News," a copy of it, on the sidelines of his meeting with Director General of Naturalization and Residency, Major General Yassin Yasiri and Director General of the Department contracts in the oil ministry Mahdi Amidi, he was "instructed develop a new mechanism for the granting of visas and residence for workers in the foreign companies operating in the oil sector should not exceed two weeks. "
and called for al-Shahristani, to the "need to go beyond administrative systems the complex challenge of fast-paced production by these companies."
On a related matter announced SoC governmental Shell Anglo-Dutch and its partners are planning for the production of 175 thousand barrels of crude oil per day from the Majnoon field in the province of Basra in southern Iraq near the border with Iran, from August 2012.
Deputy Director of the Southern Oil Company Faisal Valley for "Dow Jones Newswires", "The oil reserves in the Majnoon field in Basra , which produces between 50 and 60 thousand barrels per day, reaching 12.6 billion barrels. "
The Valley "The Shell and its partners are seeking to produce 175 thousand barrels of crude oil per day from the Majnoon field in the month of August next."
For his part, General Manager of Majnoon field in the Shell initial Michaelsantad that his company has completed the work of drilling oil wells and one out of 15 trying to drilled during the current year.
added Michaelsantad that "the two platforms for the drilling of oil wells are currently working in the field, while the third will arrive soon," noting that "production continues in about nine wells had been drilled South Oil Company before signing the contract with Shell. "
and Michaelsantad that "Shell provides assistance and guidance of the General Company for Oil Projects Iraqi SCOP)), which is building a tube length of 75 km to connect the Majnoon field repositories of crude oil on the island of FAO, station before it is exported to the Gulf, "expected completion of the pipeline this year.
added Michaelsantad that "Shell will survey seismic through the tender after the completion of mine left by the war between Iraq and Iran," which began in 1980 and lasted eight years.
He Michaelsantad that " 260 staff from the South Oil Company and a thousand Iraqis working in the field of crazy. "
The Majnoon field, one of the 11 oil fields competed by international oil companies between 2009 and 2010, and is expected to be increasing its production from 2.7 to 8 million barrels per day at least the end of in 2020.
The British-Dutch Shell and Malaysia's Petronas Rbhta tender in 2009 to develop the Majnoon oil field in Basra, with a 45% share of the first and the second 30% with the remainder of the share of the South Oil Company-governmental organizations.
[You must be registered and logged in to see this link.]
