Oil announces the completion of a draft oil and gas law and send it to the secretariat of the Council of Ministers

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Oil announces the completion of a draft oil and gas law and send it to the secretariat of the Council of Ministers

Post  Admin on Wed Jan 18, 2017 8:33 am




14:16 | January 18, 2017


BAGHDAD / .. The Oil Ministry announced, on Wednesday, for the completed draft oil and gas law and send it to the Secretariat of the Council of Ministers, noting that the goal is to strive and work to optimize the investment of national wealth of oil and gas.

The oil minister said Jabar Ali, while Allaibi "The ministry has completed a draft oil and gas law, in addition to a legal national oil company and national gas company by the relevant departments in the ministry and sent the General Secretariat of the Council of Ministers, in order to discussion and approval and then carried over to the House of Representatives to Thariahma."

Allaibi He explained that "the aim of preparing the bills is to seek and work to optimize the investment of national wealth of oil and gas and the development of the industry and to achieve the advancement of the economic reality of the country."

Allaibi pointed out that "the national gas company law to ensure the development of investment facilities and gas production facilities and petrochemical industry and related industries gas fields, as well as greater coordination between the rings production and consumption of natural gas and the development of workers in this sector efficiency."

For his part, confirmed Undersecretary for gas Hamid Younis that "the adoption of the law of the national gas company would design and organize gas investment policy in the country and lead the implementation of projects and operation of the facilities according to international standards programs," explaining that "the studies and plans indicate that Iraq possesses huge potential can rates of up to (5000) Mqmq (million standard cubic feet per day) and the concomitant production of massive amounts of condensate and dry gas, liquid, and other components and what makes it in the ranks of leading investment optimization gas states. "

It is noteworthy that the Oil Ministry has called, in the 17th of December, 2014, to accelerate the legislation of the oil and gas law, to regulate the relationship between the governments in Baghdad and Erbil, and to ensure the distribution of oil imports to the provinces produced nearly guarantee their rights, while the Basra Governorate Council renewed claim involving conservative engagements file oil to ensure financial and administrative entitlements.

http://www.manhajnews.com/archives/6169

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