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Near the launch of the fifth round of licenses

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Near the launch of the fifth round of licenses Empty Near the launch of the fifth round of licenses

Post  Admin Wed Aug 21, 2013 5:46 pm




08/22/2013 12:00 AM

Important factors promised to revive the national economy
BAGHDAD - Farah pumice
Under government guidelines to promote and upgrade by oil and gas production in Iraq has completed the Ministry of Oil preparations for the launch of the licensing round fifth in the coming days. Despite the achievements made at this level, according to the assurances the ministry and the export figures, but the Commission on oil and energy parliamentary find it is not enough, calling for to more investments in this area, which is the supplier of the president of the country. Committee member Rep. Susan Saad indicated that the licensing rounds overshadowed positive on the national economy in terms of increased production, as well as increased oil exports.

Preferential licenses
Saad praised in her "morning" the second licensing rounds, third and fourth, considering them the best of the first round through contracts with companies that have been referred oil projects and the conditions laid down between the two sides, especially that he has been treated with known international companies.

Transparency and disclosure
However, she criticized the oil ministry for failing to see its priorities and the merits of oil licensing rounds by the media, attributed to the lack of coordination between the legislative and executive authority, and this is what loses the working principle of transparency and disclosure.

Patches of new exploratory
The Oil Ministry announced recently, about 10 to 12 patch exploratory gas within the licensing round five, according to Director General of the Department contracts and licenses oil ministry Abdul Mahdi al-Amidi, who said: "The ministry began more than a month to prepare and identify patches exploratory gas which will be announced in the fifth round of oil licensing, "noting that" the ministry will determine between 10 to 12 in this round patch. "

Revive the economy
In turn, the decision of the Commission on oil and energy MP Qassem Mohammed's Mchkta "morning": that "oil licensing rounds of the important factors in reviving the national economy, but the positive effects are limited and lacked a lot of factors."

Gas investment
It is said that Oil Minister Abdul Karim and coffee has confirmed in a press statement, that the plans and programs of the ministry will be in the next term on the investment of gas production, whether associated with oil or heat in the gas fields, and then export to outside Iraq after that to achieve self-sufficiency of it. Iraq has displayed its oil fields during the first licensing round and the second development by international companies to reach a production of at least 6 million barrels of oil per day within the year 2017, and Iraq is exporting crude oil from the ports of Basra and Khor al-Amaya on the Arabian Gulf, as well as port Ceyhan on the Mediterranean.

Legal cover
The obstacles faced by the tour said Mchkta that each round license must have a legal cover, as well as the reluctance to manage (oil licensing rounds), indicating that companies that have been referred her oil projects is one of the global companies discreet and many of them withdrew due to mismanagement and lack of legal cover to the nature of the work.

Ranked ninth
In a related context, he called former oil minister d. Ibrahim Bahr al-Ulum to launch a licensing round private investment in metals and the rest of the other natural resources in Iraq.
The invitation Bahr al-Ulum licenses to set up a tour of this kind after the class report, published by a newspaper, Iraq solutions ranked ninth among the most امتلاكا of natural resources in the world.

Global reports
The former minister said in a statement (morning) that global reports indicate Iraq's natural wealth of the world are dynamic reports indicate the amount of Maimitlleke Iraq this wealth and thus put it ranked ninth globally emphasizes the importance of making it attractive for investments.
The report was published by the newspaper "The Wall Street Journal," the U.S. has filed Iraq ranked ninth among the most امتلاكا of natural resources in the world, and pointed out that those resources of about 15.9 trillion dollars of oil and gas and phosphate.

Investment metals
He stressed that what Iraq needs today is to be a movement aimed to invest metals in Iraq being the responsibility of the Ministry of Industry in terms of the management of phosphate, sulfur and so on, especially in the Western Sahara, pointing out that Iraq has a lot of minerals that add extras quality to the wealth of the other is need to be there are licenses for tours neither oil nor gas, but metal and should initiate it and the Ministry of Industry with other government agencies.

Great responsibility
The minister said the former that the reports during the past six months at the level of energy and oil or gas in addition to this report put Iraq in front of a big responsibility is how to invest these natural resources and translate them into reality on the ground so that it can be reflected on the citizen, and how they can be converted from the earth and above to investment projects on the ground in order to serve.
Bahr al-Ulum confirmed that this is the duty of the state and specifically the parliament and the government that Aokhma on عاتقيهما responsibility that this country is rich in its resources as it is rich in human resources.

Diversify the economy
He pointed out that the main objective is to diversify our economy and not rely on oil so we focus on the need to develop the oil industry any benefit from crude oil and gas to establish industry بتروكيمياوية in addition to other metals, it gives a great opportunity for Iraq to absorb unemployment and the establishment of giant projects While the share the exploit should be exploited in order to establish a sophisticated industry capable because Iraq to pay industrial trend and so there will diversify the Iraqi economy.


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