Parliamentary committees: Oil Minister Adel Abdul-Mahdi called for reconsideration of licensing rounds and counted expensive state

November 20, 2015 19:14

, Confirmed Committees energy and the economy both parliamentarians, said Friday that the oil minister, Adel Abdul-Mahdi stressed during hosted by the Council session, the need to reconsider the rounds of licenses being "has become expensive" because of the fall in world oil prices, and with Binta he raised the possibility of establishing new refineries other and ask for investment, Parliamentary Integrity Committee confirmed the signings of contexts and the need to abide by.

A member of the Committee on Energy, Ali Fayad, in a newspaper interview that "the host and the oil minister's meeting, Adel Abdul-Mahdi, dealt with a lot of things most important licensing rounds, the prices and bills, mechanisms and work", adding that "the minister stressed the need to re-examine those tours, being It has become expensive due to lower world oil prices. "

He said al-Fayad, that "the oil minister was convinced of the need to reconsider the rounds of licenses and prices of a barrel of oil and the cost of extraction, by specialists to determine the size of possible amendment to take place," noting that "Abdul-Mahdi, also touched on the issue of refineries and how to establish more of them, and the possibility put up for investment."

The member of the parliamentary committee of energy, that "the oil minister spoke about the budget in 2016, and the adoption rate of $ 45 per barrel of oil in which, and the oil agreement with the Kurdistan region," pointing out that "Abdul-Mahdi said that the region's share in the budget oil-subject".

For her part, member of the economic and investment commission in Parliament, Najiba Najib, in an interview that "the oil minister said that the budget bill does not involve sending any amount of the Kurdistan region, because the federal government did not receive him any amount of oil after June 20015", indicating that "Abdul Mahdi said the government is waiting for the arrival of a delegation from the Kurdistan region to resolve that problem. "

Najib said, that "the oil minister also stressed that the licensing rounds now cost the state large sums of money after the fall in world oil prices."

Meanwhile, the Parliamentary Integrity Committee said, in a statement, "The phases of the oil contract starting from the idea and the technical and economic feasibility studies which should be prepared in advance by the Ministry of Oil are then authenticated by the competent senior ministerial committees in the Council of Ministers, especially to the Committee on Energy and the Economic Commission, each according to their specialization, that the Committees of solidarity bears full legal responsibility when viewing studies on the Prime Minister to take the appropriate decision in question, and then proceed to declare the tender after providing necessary financial allocation starts up to the contract. "

The Committee stressed that "the job description, specifications and cost contractual period after the contract is red lines due commitment by the parties to the contract and after the entry of the contract into effect any change or addition to the contract terms or as a supplement contract is a violation and breach of circumvention is legally justified, so the exchange any additional amount to Streptococcus oil production wages amounting to two dollars US per barrel, considered void and illegal. "

The Iraqi Council of Representatives, has decided in (the 17th of current November 2015), call the ministers of finance, planning and oil to indicate the government's view on the financial budget law for next year 2016.

The oil minister, Adel Abdul-Mahdi, said in, (16 August 2015), that the budgets of Iraq since 2003 and until this year, amounted to $ 850 billion, while between that there are three levels of corruption, he saw that the money should have been born trillions of dollars of added value if injected markets and work sites about sound and production, to contribute to any reform no matter how late or backward society.