Monday, April 4, 2011

Attempts to Modify Crude Oil Investment Law

Oil and Energy Commission revealed that a draft amendment to the crude oil investment law. “member of the Committee on energy and petroleum Bayezid Hassan and Attorney for the MDC at a news briefing:” projects to be submitted by the Committee on energy and oil, modified the draft investment law crude will encourage investors from inside Iraq for refineries. Hassan said that “the refineries do not have the ability to meet the needs of citizens of all petroleum products, especially gasoline, gas, imported from abroad.

He continued: “the Energy Committee seeks revival through Iraqi national company law which was read from within the four laws of the Federal Government agreed with the Government of Kurdistan in General (2007).

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