Allaibi declared illegal two oil and gas completion and sent to government
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Long-Presse / Baghdad
The Oil Ministry announced on Wednesday the completion of a legal draft of the two oil and gas Aloutnettin and sent to the General Secretariat of the Council of Ministers, while showed that they aimed to "best investment" of national wealth and development of these associated industries for the advancement of the national economy, he stressed that the available indicators point to owning Iraq "enormous potential" of gas to make it in the ranks of leading investment countries.
Minister of Oil, Jabbar Ali Hussein Allaibi said, in a statement received (range Press) copy of it, "the ministry sent a legal two companies Aloutnettin of Taft and gas draft to the General Secretariat of the Council of Ministers for discussion and its approval before send them to the House of Representatives to Thariahma," noting that "the two projects aimed at seek and work to the best investment of the national wealth of oil and gas and the development of the industry in order to achieve the advancement of the economic reality of the country. "
The minister added that "the draft law of the national gas company to ensure gas development and production investment properties, facilities and petrochemical industry and related industries the areas of gas, as well as greater coordination between the loops of natural gas production and consumption, and the development of workers in this sector efficiency."
For his part, Undersecretary for gas, Hamid Younis, said that "the adoption of the national gas company law that would draw and regulate gas investment policy in the country and lead the implementation of projects and operation of the facilities according to international standards programs," adding that "the studies and plans indicate that Iraq has the potential enormous can be up to five thousand million cubic feet per day record rates (Mqmq), and the concomitant production of massive amounts of condensate and dry gas and liquid and other components, making it the leader in the ranks of the best investment for the gas states. "
The National Alliance, counting in (24 December, the last in 2016), that the political climate has become "appropriate" to pass laws "troubled and mission," including oil and gas law, while the Oil and Energy Committee in the House of Representatives considered that the project passed requires a prior agreement between Baghdad and Erbil , it revealed the government to withdraw two proposals to the law of the parliament in order to provide a new formulation for them.
Article 112 of the Iraqi Constitution, that the federal government's oil and gas extracted from current fields in cooperation with the governments of producing regions and provinces, that distributes and imports in a manner compatible with the demographical distribution all over the country, with a quota specified period for the damaged regions that were deprived in an unfair way by the former regime, which were damaged after that, to ensure balanced development in different parts of the country, and is regulated by law.
The Commission on oil and energy parliamentary, have been revealed in (the 22 of November last in 2016), all efforts to pass a draft oil and gas law, as amended, accusing some of blocs and political parties to derail approval for "incompatible with the interests", while the speaker of parliament adviser counting the amended "It has become inevitable," he stressed the Kurdistan Alliance proposals received the "admissibility" of the National Alliance on the project.
The Iraqi government announced, in (28 August 2011), on the ratification of the draft oil and gas law, and decided to submit them to Parliament for approval, while Deputy Prime Minister for Energy Office, Hussein al-Shahristani, (then), on the second of July 2011, the government has introduced "some amendments" to the draft oil law, which is long overdue and reviewed by the Committee on energy Council of Ministers.
The Oil and Gas Law of the contentious issues between Baghdad and Erbil, and that led to the disabled along the past years.[You must be registered and logged in to see this link.]