Energy parliamentary says the atmosphere has become "appropriate" for the enactment of the Oil

21/05/2012 20:55


Baghdad, May 21 / May (Rn) - The Commission on oil and energy parliamentary Monday that the current atmosphere has become "more appropriate" to the enactment of the oil while confirming that a coalition of state law and the mass-Shahristani, hindered only agree on the law during the last period.

Iraqi oil The country has a severe political crisis prompted some, including the Shiite parties to consider a proposal to replace Prime Minister Nuri al-Maliki, who is regarded as a "unique" decision-making partners and marginalized in the political process.

The Iraqi cabinet approved a draft law of oil and gas in 2007 but faced objections Kurdish observers see that he represents the differences between Arbil and Baghdad on oil revenue sharing and control of some fields in northern Iraq and the Kurdistan region.

The law will determine the party that controls the vast oil reserves, Iraq's fourth-largest reserves in the world and also aims to attract foreign investors.

He said the Commission's decision Qassim Mohammed, told the Kurdish news agency (Rn) that "the current atmosphere suitable for the enactment of the oil ... the problem is not in the contracts the Kurdistan region, but in the process of the enactment of the limits of the power draw."

The decision of the Committee said that "the rule of law and mass-Shahristani, the House legislation to hinder the oil law," asserted that "all political blocs will not reject the adoption of the law."

He attributed the decision of the Committee, a member of the Kurdistan Alliance bloc refused to enact the law of some of the parties to the possibility of "detection of fraud and corruption in the oil wealth."

Baghdad had been awarded 15 contracts for oil and gas to international energy companies since 2008 and so far as they represent major investments and the first in the country's energy industry after more than three decades of war.

The Minister of Natural Resources in the Kurdistan Regional Government drastically revealed yesterday during a news conference on the sidelines of an international conference on energy for the region seek to extend the pipeline to export oil from the region to the Turkish port of Ceyhan on the first phase to be completed by October next.

The province's decision to extend the oil pipeline to raise the ire of the Federal Government which has a tense relationship with the Government of the Territory because of the oil contracts.

The Kurdistan region and decided to stop all oil exports beginning of April to protest non-payment of dues Baghdad to foreign companies operating in the oil region.

The government says the province on Baghdad to pay amounts up to $ 1.5 billion as receivables to companies producing oil in Kurdistan, while Baghdad agreed to pay nearly $ 560 million only.

From: pomegranate Brosk. Open: Murtaza Yousuf


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