Parliamentary power: We can not conclude oil contracts without oil and gas law

BAGHDAD / Baghdadiya News / .. Confirmed the Commission on oil and energy in the House of Representatives of Iraq’s inability to enter into contracts with international companies to exploit the oil wealth without a legal cover represented by the law of oil and gas between the different political blocs.

A member of the Furat al-Shara told / Baghdadiya News / “The investment revolution big oil in Iraq and Tagirha for the benefit of the Iraqi people and to conclude contracts with international companies need to oil and gas law, which was unable House of Representatives until the moment of approval, particularly since the current political system requires such a law to distribute wealth between the center and provincial and local governments. “

And the pursuit of the Oil Ministry and the Commission state energy the conclusion of oil contracts with international companies, said Shara “They Istdlan materials constitutional empowered to resort to legal texts before 2003 and the resolutions of the dissolved Revolutionary Command Council,” adding that “this is not true because it needs a new law regulating this to use. “

Shara’s comments came after the confirmation of a number of Indonesian companies desire to contribute to Iraq Reconstruction in the fields of oil, electricity and housing. A statement by the Deputy Prime Minister for Energy, Hussain al-Shahristani received by the agency / Baghdadiya News / copy, “he received in his office a delegation representing the major Indonesian companies specialized in the fields of oil, electricity and housing in the presence of Indonesian Ambassador to Iraq, Mr. Svzen Nur al-Din.”

Shahristani said in the meeting, “the desire of the Iraqi government in the development of relations between the two countries in various fields,” citing “the Indonesian delegation wished to enter the Iraqi market and contribute to the reconstruction of Iraq.”

He had earlier struck Iraq, during the year 2010, contracts with several international companies wanted him to develop some oil fields in the two rounds of licensing the first and second, to reach a production of at least 11 million barrels per day within the next six years, and 12 million barrels per day after add the quantities produced from other fields of national effort, and focused most of those contracts in the fields of the South, also signed contracts with international companies to develop the natural gas investment for three gas fields in the third licensing round.

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