Member of the Energy Commission: Fourth round of licensing was postponed for lack of gas oil law

[color=red]On: Tuesday 05/29/2012 11:53




Baghdad (news) .. Attributed a member of the Committee on Energy and Oil MP / National Alliance / Furat al-Shara, the reasons for postponement of the fourth round of licensing of gas not to approve oil and gas law in the House of Representatives.

Shara said (of the Agency news) said on Tuesday: The reason for delay licensing round, the fourth of gas due to non-approved oil and gas law by the House because there are differences on some paragraphs of the law by the two governments and federal Kurdistan, in addition to the absence of oil policy and clear the country.

He added that the gas licensing round need for oil and industrial policy and a clear knowledge of the nature of the interaction between the Ministry of Oil and giant international companies, whether local or foreign to extract the gas derived from hydrocarbon wealth.

He explained: it needs to be enough time to pass a law through which the oil and gas and oil policy is clear, despite the fact that Iraq today desperately need to invest its resources, especially natural "gas."

The Oil Ministry has announced the postponement of the licensing round of gas to be launched with oil licensing round fourth, which begins tomorrow in Baghdad, as they affirmed to complete its preparations on the conduct of the auction of oil licensing round-fourth to be held on Wednesday with the participation of (47) international oil company, including Arab companies exceeded the legal and technical inspection. / Finished /


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