Jubouri consultant: the possibility of the success of the adoption of the oil law depends on two stages

Wednesday 26 August 2015


Qurtas News / Baghdad

The head of the House of Representatives for Energy, Ali Fayyad, Wednesday, that the adviser   The success of the adoption of the oil law will only be Bmarora two phases, indicating that the law is still at the government.

Said Fayad   In a statement to "Qurtas News" that "oil and gas law passed difficult stages and the difference of opinion between the blocs malfunction approval and implementation on the ground, in order to be achieved effectively, it must pass the first two stages provides for the formation of the Federal Council for Oil and Gas and managed by the Prime Minister Government members and some key producing provinces with the participation of representatives, independent and specialized elements in this area, to draw the Council's energy policy in general in the country. "

"The second phase will focus on the adoption of the Law of the national oil company, especially p read the first reading at the last session, and now needs to approve," adding that "This is commensurate with the aspirations of the founding of this company to be the parent company of extractive companies in the country and accede Crude oil marketing company. "

Fayad said that "achieving the above phases as possible to succeed in approving the law, especially since the current version does not fit with the current stage witnessed by the oil arena in the world and Iraq, especially the requirements."

Fayad said that "the law is still the government has not yet sent to the parliament for discussion or consideration and adoption," pointing out that "the government has formed a committee to study it."

The Iraqi government announced, in the 28th of August, 2011, on the ratification of the draft oil and gas law, and decided to forward it to Parliament for approval, while announced at the time the Office of the Deputy Prime Minister for Energy, former Hussain al-Shahristani, on the second of July 2011, the government introduced "some adjustments" to the draft oil law, which is long overdue and reviewed by the Committee on Energy Council of Ministers, and since that time it is in the House of Representatives inclusion has not been discussed or even put to read because of the intensification of the dispute it particularly by the Kurdistan Alliance and a coalition of state law.

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