Barzani calls for legislation to oil and gas law and the stresses that Turkey is the largest investor in the region

Editor: SS | NQ Sunday 20 May 2012 10:17 GMT
KRG President Barzani Iraq
Alsumaria News / Arbil

The head of the Kurdistan Regional Government of Iraq Barzani, Sunday, that the oil and gas province will have an important role for energy security in the world, calling on the Iraqi parliament legislation the law of oil and gas as soon as possible, as pointed out that Turkey is now the largest investor in the region.

He said Barzani during a speech Conference First Energy, which was held today in Erbil today in the presence of Turkish Energy Minister, said that "oil and gas Kurdistan Region will have an important role for energy security in the world," and urged "the Iraqi parliament legislation the law of oil and gas as soon as as possible. "

Barzani pointed out that "Turkey is now the biggest partner and investor in the region, and we are delighted to enter our relations with them in a new phase in the field of energy," asserting that "based on the Iraqi constitution, we will continue our policy and our work in the field of oil."

The Ministry of Industry and Trade Government of Kurdistan, on Saturday (19 May 2012), that a conference on energy will be held on Sunday in the province of Arbil, with the participation of Turkish Energy Minister and specialized companies, as pointed out that the objective of the conference to develop the infrastructure for the energy sector in the region.

The Iraqi government announced, in (28 August 2011), for ratification of the draft law of oil and gas, and decided to submit them to Parliament for approval, while the declared Office of the Deputy Prime Minister for Energy, Hussain al-Shahristani, the second of July, the government introduced "some amendments" to the draft oil law, which is long overdue and reviewed by the Energy Committee of the Cabinet.

The Commission on oil and energy in the Iraqi parliament, in (6 September 2011), that the draft law of oil and gas provided by the Government of the parliament, involves a "constitutional violation" to confiscate the right of the provinces and territories, indicating that it is possible to amend the bill and enrichment to reach a suitable formula is agreed upon between the political blocs.

He revealed the decision of the Commission on oil and energy parliamentary Qassim Mohammed, in (17 August 2011), the 70 deputies and nine members of the Committee, called for the inclusion of the draft law of oil and gas on the agenda of the House of Representatives, indicating that the presidency of the Council postponed the first reading of the draft law until after the holiday festival mushrooms in a move that is a breach of the rules of procedure of the Council and do not serve the interest of the Iraqi people.

Noteworthy that the deputies of the National Alliance, which includes a coalition of state law, the Sadrists and the Islamic Supreme Council, had withdrawn from the parliamentary session, the 24 held on August 17 last, after he objected to the first reading of a proposed oil and gas law in parliament directly, without submission to the relevant ministries, what led to the lifting of the presidency of the Council meeting one hour, then decided to postpone the reading.

The implications of the draft law of oil and gas provided by the Government of the parliament, mixed reactions, many of the stance of the Kurdistan Alliance and the Presidency of the Kurdistan region, while expected, Vice Chairman of the Commission on oil and energy parliamentary Ali Fayad, that a new project approved by the government, the flexibility and wide to receive the corporate wishing to develop the oil industry.

It was Iraq, which is a founding member of the group OPEC countries producing and exporting oil has occurred more than 11 contracts worth billions of dollars with major international companies to develop oil fields, especially the southern ones, without the presence of an oil law, and the Government has already submitted the first draft of the law in February 2007 to Parliament However, political differences, particularly on the relationship of the center in the governorates, and the relationship of the center region of Iraqi Kurdistan, have prevented the ratification of the law in parliament.

Iraq currently produces about 2.7 million barrels a day rate of about 2.1 million of the fields in the south and about 600 thousand barrels per day of the rights of Kirkuk, with a total issued of oil about 2.2 million barrels per day exported through the ports of Basra and the port of Ceyhan, Turkey, which aspires through investment contracts signed by the increase of oil production to 11 million barrels per day by 2017.

The oil contracts signed between the KRG and foreign oil companies one of the most prominent points of difference between them and the federal government in Baghdad, and the row beginning of April, when the oldest province to stop pumping oil from fields in the region to Iraqi export pipeline, demanding Baghdad to pay wages for companies to extract oil , which is rejected by Baghdad.

Has escalated the crisis before it, when it announced the largest oil companies in the world, Exxon Mobil sign contracts with the region, and Baghdad has made its best to push the company to retreat from the agreement, to no avail.

Then took Arbil and Baghdad accused each other, where accusing the authorities of the province of Baghdad, oil smuggling to abroad for influential people, the province responded by accusing the Iraqi government of being behind the smuggling of oil to Iran and Israel.

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