A bill to establish a national company for oil in Iraq

Posted on Monday, August 12 / August 2013 10:20


BAGHDAD - Awan

Revealed to the Commission on oil and energy parliamentary Monday, a draft law to establish a national company for oil, the Supervisor extracted in all parts of Iraq, including the Kurdistan region, and that the draft was raised to the Presidency, will be discussed after the Eid holiday, noting that "the company will be an Iraqi 100 %, and without foreign participation. "

The decision of the Commission on oil and energy Mohammad Qasim, in a press statement that "We finished in the Oil and Energy Committee to discuss a draft law to establish a national company for oil, رفعناها to the Presidency."

He said "The draft will be discussed in the House of Representatives at the resume work after the holiday feast Alaftremcara that" the company will be an Iraqi one hundred percent without foreign participation, and will be placed with capital, determines the size of the debate in the House of Representatives, will also work a multiple, within the extract oil and gas. "

He noted the decision of the Commission on oil and energy that "the company's headquarters will be in Baghdad, will be the supervisor of the extraction of oil in all parts of Iraq, including the Kurdistan region."

It is noteworthy that Iraq has no national oil company, and there are some companies that operate under the umbrella of the Ministry of Oil, as a SoC, and the North Oil Company, and Maysan Oil Company, and founded the Southern Oil in 1969, and after 2003 tended Iraq to foreign oil companies to invest in Iraqi oil through a number of licensing rounds.


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