Parliamentary Law Committee Oil National Company of Iraqi oil will be read next Sunday

Special (Baghdad Post) – A member of the Commission of Petroleum and Energy that the parliamentary law, you will read next Sunday to activate the National Oil Company to be approved next month.

He said Furat al-Shara told the Post that Baghdad “to the oil and gas will be read Sunday’s parliamentary legislation to activate the role of the national oil company in the organization of political oil in the country.”
Shara added that “the Commission plans to approve the bills during this first month of law to review the contract Humpback controversial and the second law of the national oil company, which will activate the local role in projects to extract crude oil.”
He said Islam “is not correct to rely solely on foreign companies without activating the role of national oil companies, known by its experience and competence to manage the file of oil in the past years.”
The national oil company, was founded in 1964 but the former regime because of its failure resulted in economic damage as a result of oil-related wars in 1987.
Otafra and the national oil company of three companies is a significant oil company north, center and south.
Iraq seeks to access the oil produced within the next six years between 10 and 12 million barrels per day, and plans to increase Iraq’s oil exports oil daily after obtaining approval from the Organization of the international oil cartel.
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