MPs and experts: Adoption of the oil and gas law regulates the extractive industry

26/01/2013 12:00 am

BAGHDAD - morning



A number of MPs and economists to the importance of passing a law of oil and gas during the current stage and its role in the organization of investment oil and gas wealth and an end to disputes in this matter, especially as the country has enormous reserves of oil and gas make it be a magnet for investment companies world leader in this industry.

Nazim oil economist Ugaili stressed the importance of containing differences that confuse the reality of the oil industry in the country, pointing out that the approval of the oil and gas law is very important and is working to organize the reality of the oil industry in the country and contains all problems that bedevil the sector and limit the development in accordance with the strategic plans that chart for this purpose, adding that the law has been corner on the shelves of the House of Representatives since 2007 and did not see the light, to this day, and in this measure economic loss sustained the country because there is no law regulating the work in the oil and gas sectors.

He added for the morning: that the country in dire need of law has problems that bedevil the extractive industry, especially that Iraq has oil and gas Ahtaahia great neglected for decades.

To go back to the Oil and Energy Committee prosecution objection of the local administration in Kirkuk province to grant the Federal Oil Ministry contracts to foreign companies in the oil in the province contrary to the Constitution, which subjected all provinces administratively and politically to the federal government.

The deputy chairman of the Committee Ali Fayad's (IMN) "The objection on the direction of the Federal Government represented by the Ministry of Oil awarded contracts for oil in the province of Kirkuk is contrary to the provisions of the constitution which make all of the provinces subject politically and administratively the authority of the federal government. "

The local administration in Kirkuk province announced that it is bound by the contract signed by the oil ministry with the British company BP to develop oil fields of Kirkuk, in the Kurdistan region had expressed his objection earlier and confirmed his refusal to sign oil contracts in the disputed areas.

Fayad said that the "powers in the Constitution and clear for the regions and provinces, and apply to the province of Kirkuk Meisera on the rest of the provinces regarding the conclusion of oil contracts as long as they are subject to the province the authority of the federal government, and objections to the contracts in violation of government approach ".

The government has responded to the province's position by saying that the conclusion of oil contracts in the disputed areas do not require obtaining the approval of the Kurdistan Regional Government, on the grounds that the disputed areas remain under the administration of the federal government from a constitutional standpoint until the completion of the the application of Article 140 of the Constitution.

So stressed member of the Oil and Energy Committee MP Bayazid Hassan, on the need to approve oil and gas law, pointing out that the adoption of this law contributes greatly to resolve the differences between the governments of Arbil and Baghdad not to the enactment of the oil and gas, indicating that all the committees formed over law legislation did not come to an agreement about passing one of the drafts for a vote.

Hassan in a press statement the existence of three committees formed in the House of Representatives for the purpose of amending draft law of oil and gas and pass one of them to the House of Representatives for a vote, but so far has not come to an agreement about passing one of the drafts.


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