Commission on Oil and Energy: Parliaments approval of national oil company after Eid holiday : Energy parliamentary reveal a tendency for parliamentary approval of national law firm Anaft

04/08/2012 02:16

BAGHDAD / Center Brief for the Iraqi Media Network – The Commission on oil and energy parliamentary, today reported a trend for the parliamentary ratification of the national oil company, after the holiday Eid al-Fitr.

Said Member of the Furat al-Shara’s (Center Brief for the Iraqi Media Network) that “the Commission on oil and energy agreed with the Presidency of the Parliament to pass a national oil law after the holiday Eid al-Fitr.”

He added that “the Commission will deliberate with the Oil Ministry to the general principles of national oil law and what its relationship with the company management.”

He continued that “the law of the national oil law will pass after the Federal Council, which stipulated by the Constitution.”

And the Federal Council for Oil and Gas Commission is proposed in the draft in 2007 to Qanonlnaft and gas in Iraq. Under the bill, will be awarded to the Council the power to review all contracts and determine the policies of the oil and gas and give the Council a crucial role in the future development of the oil sector in Iraq, and effective control over its natural resources

In 2011 progress draft laws contenders – one by a parliamentary committee, and the other by the Iraqi Council of Ministers – and presented to the Iraqi parliament, and includes both projects modify the role of the Federal Oil and Gas specified in the original bill for the year 2007. :