Jubouri: National Oil Company Law arrived in the parliament and will be included on its agenda
2017/4/2 10:22
{Baghdad} Euphrates News said House Speaker Salim al-Jubouri, a bill that the National Oil Company arrived from the government to parliament
Jubouri said in his speech forum Iraq Energy , which kicked off Monday morning in the capital Baghdad in the presence of Prime Minister Haider al - Abadi, the Secretary General of the Organization of Petroleum Exporting Mohammed Barkindo, still oil revenues make up a large percentage of Iraq 's revenues in hard currency and this in itself indicates a problematic unilateral Iraqi economy which puts the future of Iraq in front of a dangerous turning points
He stressed , " it became necessary to work to take practical and clear procedures like the translation process of articles {111 and 112} in two special oil and gas wealth management constitution part of a package of legislation aimed at deepening the interest of the wealth of Iraq including the national oil company, who arrived in the House of Representatives Law It will be included on the agenda of the Council read in addition to the distribution of national wealth law a group of legislation confirming the interest Almertjah of Iraq 's wealth
Jubouri We strongly believe that the focus on the energy sector and the provision of administrative development, legal and financial requirements will provide Iraq with the proceeds can be employed to expand the productive base of the guarantor to diversify the country 's economy
The sector can not be effective and fruitful unless it has the legal and administrative framework capable of wealth to invest properly and in accordance with the Constitution and within the international oil industry standards

Jubouri pointed out that "the House of Representatives has spared no effort in the laws relating to energy transmitted from government legislation, including, the Ministry of Electricity Law, the Iraqi Atomic Energy Commission, and the law exempting foreign companies and subcontractors of foreigners in licensing rounds contracts, fees, and the law of the Second Amendment to the Law private investment liquidation of oil ".anthy https://alforatnews.com/modules/news/...storyid=140800