Oil & Gas law must pass 2 phases 8/26
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    Oil & Gas law must pass 2 phases 8/26

    Jubouri consultant: the possibility of the success of the adoption of the oil law depends on two stages

    Adviser to the President assured the House of Representatives for Energy, Ali Fayyad, Wednesday, that the success of the adoption of the oil law will only be Bmarora two phases, indicating that the law is still at the government.

    Said Fayad, in a statement to'alqirtas News 'that the' oil and gas law passed difficult stages and the difference of opinion between the blocs malfunction approval and implementation on the ground, in order to be achieved effectively, it must pass the first two stages provides for formation of the Federal Council for Oil and Gas and managed by Prime Minister and some Government members regulars with the participation of representatives of the producing provinces, and the elements of an independent specialist in this field, to draw the Council's energy policy in general in the country '.

    He said 'The second phase will focus on the adoption of the Law of the national oil company, especially p read the first reading at the last session, and now needs to pass', saying that' this matter commensurate with the aspirations of the founding of this company's parent company extractive companies to be in the country and accede Crude Oil Marketing Company '.

    Fayad said that 'the achievement of the above phases as possible to succeed in the approval of the law, especially that the current version does not fit with the current stage witnessed by the oil arena in the world and especially the requirements of Iraq'.

    Fayad said that 'the law is still when the government did not send so far to the House for discussion or consideration and adoption', pointing out that 'the government has formed a committee to study it. "

    The Iraqi government announced, in the 28th of August, 2011, on the ratification of the draft oil and gas law, and decided to forward it to Parliament for approval, while announced at the time the Office of the Deputy Prime Minister for Energy, former Hussain al-Shahristani, on the second of July 2011, the government introduced 'Some adjustments' to the draft oil law, which is long overdue and reviewed by the Committee on Energy Council of Ministers, and since that time it is in the House of Representatives inclusion has not been discussed or even put to read because of the intensification of the dispute it particularly by the Kurdistan Alliance and a coalition of state law.

    Last edited by Doodle Brain; 08-26-2015 at 06:00 PM.

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