Parliamentary sources: Discussion of oil and gas law in parliament next month

On: Wednesday 29/2/2012 8:12


 Baghdad / term
A member of the Commission on oil and energy parliamentary Ali Fayad said his committee will be during next month's draft oil and gas law to the parliament, pointing out that some changes have occurred in the draft in line with the supreme interest of the country.



At the same time spokesman of the Ministry of Oil, Assem Jihad said the ministry's plan for production include access to 12 million barrels per day in 2017.
said Fayad's (Baghdadi News): "that his committee will present a draft law of oil and energy provided by the Government to the House of Representatives in 2007 during the next month, pointing out that there are understandings between the political blocs to accomplish this project. "
and "Some modifications will occur to the draft in line with the country's interests supreme and the people, to maintain the oil wealth."
faces a draft law of oil and gas, passed by the Council of Ministers in 2007 and agreed by the political blocs in the meetings of Arbil on which formed the current government, the objections of the political blocs, namely the Kurdish bloc, which sees in the law that focuses powers, however, the federal government in the management of oil wealth at the expense of the region and the provinces, as it passed by the Council of Ministers, without due process of law .
at the same time declared the spokesman of the Ministry of Oil, Assem Jihad, the postponement of the licensing round, open to tender the transfer of petroleum products for the benefit of the ministries of oil and electricity to the seventh of March.
Jihad said in a news conference that the licensing round open to tender the transfer of petroleum products for the benefit of the ministries of oil and electricity has been postponed to the seventh of March.
He added jihad: the plan of the Ministry of oil production include access to 12 million barrels per day in 2017. And that the plan to raise output received by the Committee of the Ministry of Oil, including the quantities produced from 2011 until 2014, as well as product in 2017 after rounds of licensing agreements. "
Jihad continued showing in the tables that the production was supposed to arrive in 2011 to two million and 700 thousand barrels per day and up in 2012 to 3.3 million barrels per day in 2013 to 5.4 million barrels per day with up quantity produced to 5.6 million barrels per day in 2014.
and Acharaly that the plan also included a lifting of the quantities of oil to reach the end of 2017 to 12 million barrels per day after licensing rounds, the three agreements between the Ministry of Oil and foreign companies. explaining that the high producer of oil in the coming years will reflect positively on the lives of the citizen and provide him with more services in addition to its share of the funds will be concrete after the approval of Parliament in its recent allocation of 25% of oil imports spare him, starting from the beginning of this year. ruled out the ministry lower oil prices to less than $ 100 during the current year due to political crises experienced by the Middle East.
General Manager of the Oil Marketing Company (SOMO), Falah Amiri, according to (Rn) that "oil prices now prevailing can not be reduced to below the $ 100 per barrel due to the increasing international need him."
and added that "the political situation in the region, especially the problems the U.S. and Europe with Iran does not affect the House of Commons on the international oil prices , "adding that" this is according to political drawn by OPEC that Iraq is an active member in it. "
He pointed out that "The oil ministry is working on the diversity of the market for Iraqi oil, as well as organizing its relationship with the oil markets, Asian and European countries.
government has announced the development of alternatives for the Strait of Hormuz to transport crude oil to customers around the world, after increasing tensions in the region and Iran's threats to close the strait that was imposed sanctions on its oil exports.
and agreed EU countries last month to ban gradually Iranian oil, and the imposition of sanctions on Bank Tehran's central cut funding for its nuclear program, a move that threatened Iran close the Strait of Hormuz vital a response if taken right to the sanctions process.
and Iraq is the most prominent losers from closing the Strait as it passes about 1.7 million barrels per day of oil the country of Hormuz of the total 2.2 million barrels for Iraq to export daily .



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