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Make amendments to the three contracts signed with oil companies during the former regime

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Make amendments to the three contracts signed with oil companies during the former regime Empty Make amendments to the three contracts signed with oil companies during the former regime

Post  Admin Sun Aug 18, 2013 3:51 pm

18/08/2013


BAGHDAD / JD / .. Announced for the Oil and Energy Committee in the House of Representatives and the presence of three amendments to the contracts concluded between international oil companies and the oil ministry during the previous regime, now it's lack of optimism voiced the same time to amend those contracts without the approval of the law of oil and gas.

A member of the Furat al-Shara Committee member of the House of Representatives for the National Alliance told the reporter / JD / relay continuously Committee amendments that get the contracts signed during the former regime with international oil companies, pointing out that there are three amendments related to this topic.

He added that the unstable political situation and the concerns of the Parliament approving some controversial laws prevented the passing of these amendments at this time.



The signing of an agreement to exploit the Ahdab in 1996 between China National Petroleum and the Oil Ministry during the former regime, however, has been delayed deal after sanctions imposed by the UN on Iraq at the time and the circumstances of the war in 2003, was the conclusion of a new agreement in 2009.

And ensured that the National Oil Company of state-owned Chinese rights to develop Ahdab under a technical service contract signed with the former regime in November 2008, under the contract the company enjoys the rights to develop the field for 23 years and invest up to $ 3 billion.


Analysts said the New York Times in 2011 that the process of developing the Ahdab is the biggest national company in the Middle East, and expressed an executive Chinese in the oil sector in 2009 that the company's profit will be less than 1%, but this contract was a way to install the site presented in Iraq's oil industry.

This deal has come under widespread criticism from residents and officials in Wasit province, some citizens demanded that Wasit be granted $ 1 per barrel to improve access to clean water, health services, schools, roads and other public needs in the province.

For his part, committee member Bahaa Aldin, a member of the House of Representatives for the National Alliance that the oil in the House of Representatives has developed amendments to the reconstruction of the development and investment Ahdab that took place during the former regime.

He told the reporter / JD / the rest of the contracts signed during the former regime there will be amendments to it, but it be passed after the approval of Parliament.

To that member of the Committee expressed Qassim Mohammed Qassem, a member of the House of Representatives for the coalition of Kurdish blocs futility of amending those contracts signed during the former regime without the approval of the law of oil and gas.

He said in a statement to the reporter / JD / it we can not modify the contracts Altiabermt before 2003 for failure to approve oil and gas law, in order to conduct these amendments in the interest of the Iraqi people, calling for the need to speed up the passage of this law to end all the problems related to the oil sector and identify lines and limits of authority and responsibility in this sector.

And the denominator that the oil ministry had asked the Commission last year to cancel the agreement between China National Petroleum and the former regime to exploit the Ahdab field in Wasit province since 1996, and the organization of another agreement with the same company privileges best for Iraq, noting that this contract has been like a lot of injustice, after the Chinese company agreed with the former regime in 1996 on the conclusion of a contract to invest in this field compared to getting a lot of her privileges, and too many concessions by the Iraqi side, describing the agreement as "unfair" the right of the country at the time.

And that the ministry had requested the Commission to cancel the agreement with the Chinese company invested Ahdab, organizing another contract with the same company best privileges to the Iraqi side. / End / / 23


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