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Friday, April 20, 2012 15:35
Privatization and investment in the oil contributes to fill the need of local petroleum products
BAGHDAD / Baghdadiya News / ... confirmed a member of the Commission on oil and gas parliamentary deputy for the National Alliance Susan Saad declared that the country-oriented investment and that of its failure in several areas, including oil and gas and oil sector, privatization of the benefit and substantial interest of Iraq.
Said Saad told / Baghdadiya News / "It is these benefits is the establishment of new refineries, and the latest technology without paying a fee and it does not add the burdens of new state budget and also will be the ownership of these refineries after several years to the state budget under an agreement between the government and the investing company and this falls within the law had been enacted last year in Parliament presented by the Commission on oil and energy in the parliament. "
Saad added "under this law will be eliminated on a large percentage of unemployment, because we suppose the companies invested in the country that the ratio of the Iraqi workforce is 75% and the rest from overseas and this can be through the elimination of rate of unemployment."
She Saad declared that "the country needs a major oil derivatives, which the government is imported from abroad, so the privatization and investment in oil refineries will thus sustaining the country of these derivatives and covers local need and then we export the surplus of these derivatives to the outside, as in other oil-exporting countries ". / Finished /
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Privatization and investment in the oil contributes to fill the need of local petroleum products
BAGHDAD / Baghdadiya News / ... confirmed a member of the Commission on oil and gas parliamentary deputy for the National Alliance Susan Saad declared that the country-oriented investment and that of its failure in several areas, including oil and gas and oil sector, privatization of the benefit and substantial interest of Iraq.
Said Saad told / Baghdadiya News / "It is these benefits is the establishment of new refineries, and the latest technology without paying a fee and it does not add the burdens of new state budget and also will be the ownership of these refineries after several years to the state budget under an agreement between the government and the investing company and this falls within the law had been enacted last year in Parliament presented by the Commission on oil and energy in the parliament. "
Saad added "under this law will be eliminated on a large percentage of unemployment, because we suppose the companies invested in the country that the ratio of the Iraqi workforce is 75% and the rest from overseas and this can be through the elimination of rate of unemployment."
She Saad declared that "the country needs a major oil derivatives, which the government is imported from abroad, so the privatization and investment in oil refineries will thus sustaining the country of these derivatives and covers local need and then we export the surplus of these derivatives to the outside, as in other oil-exporting countries ". / Finished /
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