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Experts : Adoption of the law of oil contributes to the increase of national income

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Experts : Adoption of the law of oil contributes to the increase of national income Empty Experts : Adoption of the law of oil contributes to the increase of national income

Post  Admin Mon Sep 16, 2013 6:48 pm

17/09/2013 12:00 AM

Amid calls for legislation before the end of the current session of Parliament
Not to pass a law affecting oil and gas in the country's economy negatively contribute to attracting companies invested for the advancement of the oil situation


BAGHDAD - Farah pumice

With near the end of the current legislative session , called for parliamentarians and economists to approve the draft law of oil and gas , as an organizer and founder of the oil policy transparent and deal properly with companies investing in this area , it also opens up broad prospects for activating the service sectors that contribute to the reconstruction of the country's infrastructure .

Member of the Commission on oil and energy parliamentary MP Furat al-Shara said (morning) : "It is necessary to proceed with this law in the rest of the age of the current legislative session ," urging lawmakers to move quickly in order to pass.


Increase production

He believed al-Shara said the law contributes to a large extent in the increase in production , which purports to Iraq to achieve, adding that he found the oil policy is clear and transparent and framed the interaction between local and central governments , as established to deal properly between companies invested Iraqi and foreign giant among oil firms .

And between a member of the Committee that the law has the feasibility of large economic and other moral, economic ones come indirectly by attracting oil companies invested and clear policy that makes the oil firms competitive for the advancement of their betterment and the performance of its role , as well as moral which show the nature of the deal and deal and cut the road either ways financial and administrative corruption .

Oil revenues constitute 94 percent of the country 's revenues , as total imports of crude oil exports in 2012 to about U.S. $ 94.03 billion and represented an increase of up to 13 percent on the previous year .


Legal cover

He said al-Shara said the law will and establish and initiate legal cover and clear متعاملا do in the area and have a weight internationalist and international , on the grounds that it regulates the relationship and draws transparency, as well as it establishes the nucleus out of the many differences between the center and the Kurdistan region , in addition to increased rates of production and storage of crude oil and gases that need to cover a legitimate method of working out and marketed and exported .

Committee member said that there is a hierarchy between the oil and gas law and other laws , including the law of the national oil company grand, and the Investment Law and other laws of SOA, as it paves the legislation and the application of important laws concerning agriculture and industry, pointing out that the oil enters in the manufacture of petrochemicals on the one hand and fertilizers on the other hand .

He revealed Shara for a plan national strategy concerning the field of energy starting from the year 2013 until the year 2030, especially that at the end of the year 2017 will see a significant increase in national production, stressing the need to activate the factories and companies where they are operated by legislation and the application of the law of oil and gas.

Member of the Committee supported the contribution of local governments in approving contracts and follow - up and supervision in dealings with oil companies investing in this area, noting that the law of the provinces (21) gives the right of local governments in the field of oil.


Activation of the national industry

In turn, the expert considered economic Abdul Hassan Shammari said rebuilding Iraq starts from the enactment of the oil and gas and beyond will begin and apply the laws of economics and other service successively one after the other .

 Called Shammari in his speech for the (morning) to activate the national industry and activate the file gas to help build the Iraqi economy, especially as the oil and gas law of important laws to build the Iraqi state and the building of the Iraqi economy , as it is in the case of adoption of this law will become a strong central government and controlling the correct format , on the grounds that the most important detail in the Iraqi economy and its construction is oil .


Mainstay

The expert added that the economy is the main pillar for building countries , in the case of orientation to produce 6 million barrels , in the year 2016, in addition to the oil licensing rounds , which is the first of its kind in the region , as it must check the central government ambitions economic development through this wealth and the vast amount of Iraq 's oil and build a new building , urging those responsible to take the bold decision to approve oil and gas law , as was the case in approving the budget year 2013.


Negative effects

He believed Shammari said failure to approve oil and gas law affects the economy of the country negatively, explaining that the construction of economic infrastructure for the reconstruction of Iraq in the sectors of agriculture, industry and building bridges and solve the housing crisis , all could be activated by oil wealth owned by the country and not export the product whole to other countries . indicated that Iraq announced last June for starting the implementation of the strategic plan and an integrated national energy extends up to the year 2030 aims to make this country a diverse economy and achieve sustainable development by relying on oil, which is a supplier president of the country's budget , as Deputy Prime Minister for Energy Affairs Hussain al-Shahristani at a conference attended by " morning" a decision was taken two years ago to develop a strategic plan integrated and are ready for implementation, noting that the implementation of this plan will jump Iraq Agafrh big forward. plan includes strategy that extends from 2013 to 2030, all the major components of the sectors of energy , particularly oil and gas natural and electric power.


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