Expert proposes the establishment of a private company to develop oil fields
Date: Monday 04/06/2012 8:13
Baghdad / range
suggested oil expert Amr Hesham, establish a national oil company run by the private sector to develop Iraqi oil fields. said Hisham (the Agency news): The necessary urgent to establish an oil company a national Iraqi contribute to the development of oil fields according to the global technology of modern competition foreign companies operating in Iraq,
But the process needs to legislation legally authorizing the establishment of holding companies by the private sector. He added that the law of Iraqi companies need to modify some of its paragraphs to states under which the establishment of investment companies with a capital of a large in all economic sectors, particularly oil and gas sector, the fact that Iraq has a large reserve of oil in the world. He continued that the process need to be a period of not less than five years are summarized to legislate legal and amend some clauses of laws in order to support the oil sector and promotion.
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