Saturday, March 12, 2011

Oil and gas representative: Representatives will cancel the deal crutch oil field investment

12/03/2011 

Furat al-Shara BAGHDAD (Rn) – A member of the Committee on the oil and gas in the Iraqi Council of Representatives, Saturday, The House of Representatives will cancel the deal investment field crutch to the problems of administrative and financial harm the country’s oil policy.
He said Furat al-Shara told the Kurdish news agency (Rn) that “the oil and gas will examine on Sunday held a crutch oil field, which was raised on it many of the problems between the ministry and the Council of Anbar province.”
The Committee announced that the parliamentary oil and gas in February 27 last it will review all contracts for the three licensing rounds.
He added that “80% of the members of the House of Representatives in favor of a deal to cancel investment crutch oil field, and the search for a new mechanism for investment, but they are awaiting a detailed report of the Commission on oil and gas in this regard will hopefully be completed this week.”
. And postponed the Oil Ministry to sign the letters to be the first to hold the cane field gas with a consortium of Korean companies and the Kazakh indefinitely.
Previously, the Council of Anbar province to express displeasure at the signing of the contract to develop gas field crutch, expressing his fear of gas export routes.
Shara added that “the Committee will study the detail on the mechanism for investment in oil field crutch, and will show the most important problems facing the oil and economic policy in the event has been activated and began its work effectively.”
. House of Representatives did not succeed in passing the previous Bdorth oil and gas law, which was expected to rise if approved oil situation.
He called economists earlier, the need to enter the Iraqi Council of Representatives an amendment to paragraph © of Article V of the oil and gas law relating to the establishment of the Federal service and voting upon the objective of regulating the oil wealth in the country, and limited function of the Federal service to supervise the mechanism of action of the Ministry of Oil and regulate the relationship between them and the provinces.
As indicated in paragraph © of Article V, to the formation of the Federal Council of oil to facilitate the tasks of the Council of Ministers with regard to passage of petroleum policy and plans resulting from them, which is prepared by the ministry in coordination and consultation with the regions and producing provinces, as well as for the development of instructions required to enter into exploration and production contracts under Article No. 9 of the Act establishes a cabinet body called the (Federal Council for Oil and gas) the Prime Minister or his deputy to chair, and its membership includes both of the Ministers of Oil, Finance, Planning and Development Cooperation in the Federal Government, and the Governor of Central Bank of Iraq, and a representative from each province the rank of minister, and a representative from each province produced regularly in the province, and the executive heads of major oil firms with a relationship and that including the Iraqi National Oil Company and the oil marketing company, specialists with oil and gas, finance and economy, not more than three, to be appointed for a maximum of five years by a decision Council of Ministers.
And announced that the Iraqi Oil Ministry in September last year that crude oil inventories in the country was 505 billion barrels of discovered fields that $ 66 oil fields, with total recoverable reserves of 143 billion barrels of oil.
. And established the Iraqi Oil Ministry three rounds of investment licenses to oil fields and oil development.
وتعتزم النفط العراقية زيادة صادراتها خلال السنوات الست المقبلة الى 12 مليون برميل Plans to increase Iraq’s oil exports during the next six years to 12 million barrels per day, after obtaining the approval of the world’s oil (OPEC).
The Council of Anbar refused to export gas field crutch, which is estimated reserves at 2.1 trillion cubic feet, but after being processed within the province, threatening to suspend its work in the absence of the federal government’s response to the demands of the Council.
The third round of licenses for the fields of invasive ended transmit crutch field in Anbar province, to a consortium (Kocaz Korean, Kazakh Munai Kaz) divided equally between them, but the Iraqi oil contract delayed the signing of the investment
http://translate.google.com/translate?tl=en&sourceid=ie8-activity&u=http%3A%2F%2Fwww.akhbaar.org%2F

No comments:

Post a Comment

Auto Cad Tutorials