The Commission on oil and energy parliamentary: the coming days will witness the formation of the vote on the Iraq National Oil Company

22-06-2012 | (Voice of Iraq) - Add a comment -
Baghdad (news)

Revealed to the Commission on oil and energy parliamentary that the coming days will witness the formation of the vote on the Iraq National Oil Company
A member of the Commission on oil and energy parliamentary Awad al-Awadi, in a statement (of the Agency news) Friday: The company's Iraqi National Oil has been abolished in 1986 by the previous government that does not want Iraq best were transferred all its assets to the Southern Oil Company.

He added that the House of Representatives faster enactment of a law the Iraqi National Oil Company where he was read a first reading and see that there is an insistence by the Commission on oil and energy to read the parliamentary second reading in order to vote and put this company in the mouth of the work.

And the Al-Awadi: he was there hearings and dialogue sessions with the Oil Ministry and with experts in the Ministry of Oil and former minister of oil and all interested persons to the oil sector and every individual will intervene and gave statements to see.

The al-Awadi, to: The Ministry of Oil has concerns the establishment of Iraq National Oil Company and in turn put some notes that I took to the Commission on oil and energy into account, where they will be put up for discussion at the second reading and that there was a need to amend the law firm it is modified in the present observations in order to there is coordination between the national oil company and the Ministry of Oil for the sake of Iraq.

He said Al-Awadi: that Iraq moved away from the technology of oil and the oil industry and even the laws of oil nearly 30 years and this move away a significant impact on the industries of oil and to work in the oil ministry, where he was not there continue with the development of laws, legislation and technology of oil with the world so there are great distances us between the oil producing countries.

The Al-Awadi: that the country now needs such a law as it gives more space to international companies to come Botmonanat working in Iraq and give more reassurance to the Iraqi people through the existence of laws and a new solid proceed according to need and safeguard the rights of citizens.

According to specialists in spite of the assurances made by some specialists in the oil and gas law, who did not see the light until the moment may be one of the biggest obstacles to the establishment of the Law of the company for fear of the intersection of laws and if they passed a draft national oil company of all the obstacles facing it, it could stand a long time at the threshold of the conflict between the Prime Minister and Presidency of the Council of Representatives on the issue is his authority may be the focus of a dispute between the two authorities and may not be easily resolved.

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