Iraqi Deputy Prime Minister: renewed will to complete the petroleum law

Iraqi Deputy Prime Minister: renewed will to complete the petroleum law

Barham Saleh said Iraqi Deputy Prime Minister on Thursday that there is political will to complete the new oil law the long-awaited, which was designed to open the door to global investments in the Iraqi oil sector.

The apparatus investments vital to the development of oil resources of Iraq because of repeated disruptions of the law. The Council of Ministers in February in February 2007 on the draft law being discussed. Saleh said that there is now a new political will to complete the discussion of legislation.

Saleh said in a speech to a conference in Stockholm that the proposed law sets a framework for investment. He added that despite the need for this legislation but this can not be because the calf that Iraq needs time to resolve contentious issues by consensus.

Even without the law in Iraq began attracting major international oil companies and production of oil began to rise. The official said prominent Iraqi oil earlier this month that Iraq is on his way to increase shipments to pre-war levels, over two million barrels per day.

Saleh said that even the law is approved Iraq must work harder to continue increasing production and exports and the negotiation of various forms of cooperation with partners.

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