To provide job opportunities for the unemployed and tackle the economic crisis, the government is expanding investment in the oil and gas floor

Oil and Gas law



February 29, 2016 8:59


revealed the economic and investment commission in parliament, on Sunday, promises launched by Prime Minister Haider al-Abadi accelerate send draft Investment refineries and gas, while confirming that these laws than would maintain hard currency and provide jobs for large numbers of unemployed, predicted expert a senior to be Thariahma as soon as possible; because they Ciojaddan constitutional framework of the relationship between federal and local investors and government agencies.

He says committee member of the parliamentary economy proof Mamouri in an interview with "New Morning", "The Commission is now discussing a number of projects pertaining to the investment process in Iraq and revitalization in conjunction with the economic crisis."

He Mamouri, National Alliance MP, said: "We collected a meeting with Prime Minister Haider al-Abadi recently discussed the revitalization of the economic sector to serve the national interest."



He revealed, "promises launched by the federal government sends draft and gas refineries investment law to the Commission within the next few days."

Mamouri He noted that "both projects are still in the Council of State in order to put the finishing touches on them in order to come out about right."

As a member of the parliamentary Committee of Economy talked about "earlier fears of refiners to invest internally as a result of its presence in a number of countries in the region", he stressed that "the government has taken a number of steps to remove these fears."

He believes that "investing refineries would keep the hard currency and not she went out of Iraq, in addition to that it provides jobs for large numbers of the unemployed."

He completed Mamouri said, "should be the investment process and scientific thought, in order to enrich us all import and this is through quality products Iraqi refineries."

For his part, economist Abdul Rahman al-Mashhadani, asserts that "these two projects are not Paljdeden, but they return to the year 2007, after the pillar alongside broken laws."

He predicted al-Mashhadani, in his commentary to the "New Morning", as well as some of the paragraphs on them including "commensurate with the current stage and developments in the global oil market."

He continued that "the government has no other choice but to find a legal framework for the process gas and refineries to invest in the provinces, especially after the departure of the Baiji refinery for the service."

He stressed the economic expert that "the process of granting licenses already started by completing the project in Maysan refinery south of the country and presented to invest a few days ago."

Mashhadani and added that "the House of Representatives would do what he could to pass for prospective projects, and the creation of a sound legal framework that governs the relationship between the investor on the one hand and the central government and provincial councils on the other hand, can extend this effect to the Kurdistan region as well."

The Oil Ministry has laid the foundation in the (February 25, 2016) for the first refinery investment in Iraq's Maysan province 150 000 barrels per day.

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