The Oil Ministry has prepared a new draft law of oil and gas

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The Oil Ministry has prepared a new draft law of oil and gas

Post  Admin on Thu Jan 19, 2017 7:28 am

Now remember they are now working from the 2007 Oil and Gas Law



01/19/2017 (0:01 pm)

 Baghdad / term

[ltr] The Oil Ministry announced 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 Luaibi "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."

He said the oil minister that "the national gas company law to ensure the development of investment facilities and gas production facilities and petrochemical industry and related industries the areas of gas, 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, Hamid Younis, and Undersecretary for gas, stressed 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."

He said Younis "The studies and plans indicate that Iraq possesses huge potential can reach rates (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 the leading countries in the optimum use of gas. "




http://www.almadapaper.net/ar/news/523319/وزارة-النفط-أعدت-مسودة-جديدة-لقانون-النف
[/ltr]

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