Vice Chairman of the Committee on the oil and gas likely rejection by the parliament on the Law of oil during the current legislative

Vice Chairman of the Committee on the oil and gas likely rejection by the parliament on the Law of oil during the current legislative

28/05/2008

Baghdad (Voices of Iraq) -- Favored Vice Chairman of the Committee on the oil and gas in the House of Representatives, Tuesday, the inability of the parliament's ratification of the oil and gas in the current legislative Rada to a lack of political forces to reach agreement on the draft law. He explained Abdul Hadi ABOLHASSANI of the Independent News Agency (Voices of Iraq) "non-political forces to reach agreement on the law of oil and expand into the differences between the forces maintained by each team in his opinion the reasons I think it would be converted from the inability of the Parliament's ratification of the oil and gas in the current legislative" .

He added: "The version to be adopted by the law is still in the cabinet discussions are spawning grounds almost continuously by the Government has yet to reach the House of Representatives for the purpose of reading by the rules of procedure and then vote for the law."

He noted "the strong political differences on the law removed the list, especially with regard to oil contracts concluded by the Kurdistan region with foreign companies." The Kurdistan Regional Government last year concluded a five Ashrakda oil with foreign companies, which granted substantial concessions to companies contracting with tax exemptions, the federal government considered it a concession to those big companies, what the effects of political crisis between the territorial Government and the central government in Baghdad, which is decided by the Ministry of Oil deny all Of those companies signed contracts to invest in other parts of Iraq.

He continued ABOLHASSANI "is still prospecting methods and mechanisms for the disposition of oil resources in dispute between the political forces" and called "Kurdistan Regional Government to review the contracts concluded as soon as possible and consistent with the interests of the state." The delayed approval of the House bill Iraqi oil and gas, which was approved by the Government of Nouri al-Maliki and forwarded to the parliament in July last year, due to strong opposition of several parliamentary and political influence of the law. She says that opposition forces, the draft gives the "privileges" unprecedented for foreign investors to establish enterprises, oil refineries and invested for periods of up to (50) years, and he devotes controlled territories on wealth owned both the Iraqi people.

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This was from yesterday but I don't recall it being posted. Sorry if it has..

Bambaboo