#####The draft law of oil and gas .. Back der!

Saturday, December 26 2 / January 2013 09:40


Baghdad / Orr News

After 5 years of putting up his first project, is still the law of oil and gas at a standstill, because of political differences around him especially between the federal government and the Kurdistan Regional Government.

But Baghdad and Erbil had passed away, although not to adopt this draft law in contracts with various international oil companies.

With regard to the draft law of oil and gas, said a member of the National Alliance and a member of the Oil and Gas Committee parliamentary Furat al-Shara, that the Commission "has worked hard over the past year that are approved oil and gas law Almarkon in parliament since 2007 the end of 2012, but political crises successive The reason for non-approval. "

Shara pointed out that "the Commission is determined after the completion of the financial budget to work on the adoption of this law this year," he said, adding that "the adoption of this law comes in importance second only to the Iraqi constitution." He added that "differences on the law confined between different on articles 112, 114 and 116, which related to the acquisition and distribution, administration and the Federal Council."

And on whether there are comments to the Commission on oil licensing rounds Shara said that "in the absence of the law, it certainly appears observations of the conviction that some things need to be more transparency, and this transparency can not be available until after the adoption of this law important strategic."

He explained that "the law shows the relationship between Baghdad and Erbil, as determined contexts relationship with the oil companies, and its absence was our objections about the nature of the contracts either with (Exxon Mobil) or others, as there are some transactions need to be more clearly by those involved in the oil ministry ".

So far launched Baghdad 4 rounds licenses belonging to mainly develop oil fields in southern Iraq and varying degrees of success, amid reluctance of some major international companies it because of what it considers strict conditions laid down by the Iraqi government, which plans to launch a fifth round of licenses soon under conditions allowing stimuli largest of these companies.

In the Kurdistan Region operates several oil companies outside the central government admits a company "Ganal Energy" Turkish, and "Addax Petroleum" Swiss listed on the Toronto Stock Exchange Canadian, in the field of "Taq" in the province of Arbil, Inc. "DNO" Norwegian "Ganal Energy" in the Tawke field near Zakho, Dohuk governorate.

The quantity of export from the field "Taq" between Erbil and Sulaymaniyah, about 40 thousand barrels per day, while the issue Tawke field near Zakho 50 thousand barrels per day. The company owns "Topko" consisting of "Ganal Energy Turkish" and "Addax Petroleum" Swiss, 12 per cent of production in the field "Taq", while the rest go to the Government of the Territory.

According to the Minister of Natural Resources (oil) territorial Government Ashti Hawrami, the region 45 oil contracts, including contracts with major international companies such as "Exxon Mobil", which seems to be the process of reviewing its activities, and "Gazprom". Hawrami also expected to sign another contract with the French company Total.

Oil is noteworthy that the differences between Erbil and Baghdad is one of the most important outstanding issues between the two governments, and held several rounds of negotiations between the parties to overcome this problem, but without any result. The receipt of the Kurdistan Regional Government responsibility on the Iraqi government and specifically Hussein Shahristani, who insisted when he was minister of oil and then deputy prime minister for energy and still object to the oil contracts concluded by the Government of the Territory with international companies.

The two governments federal and provincial may Okhvgueta to agree on a new draft law to be submitted to the Iraqi parliament from among three draft laws in this regard, one returns to the draft agreement was between the two governments in 2007, and the second coined Iraqi cabinet without the approval of Minister of the Kurds in the government, and the third bill prepared by a committee of oil and gas in the Iraqi parliament.

Although the oil contracts always raise problems between Kurdistan and Baghdad, the Kurdish opposition parties did not object to those contracts, though constantly calls to disclose the contents of the contracts signed by the government, which recently initiated to publish such content via its official website. The territorial Government announced that oil marketing across the company will be "Sumo" of the central government and the proceeds will be deposited in the account of the federal government.


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