Monday, April 4, 2011

Oil and Energy Committee in the Process of Amending the Draft Investment Law Crude Oil

* Oil and Energy Committee in the Process of Amending the Draft Investment Law Crude Oil

April 3rd, 2011 06:14 pm · Posted in NEWS (Iraq & World Currency) 
Baghdad (News) …Oil and Energy Committee confirmed that a draft amendment to crude oil investment law. “member of the Committee on energy and petroleum Bayezid Hassan and Attorney for the MDC (News News Agency) Sunday: from” projects to be submitted by the Committee on energy and oil, modified the draft investment law crude will encourage investors from inside Iraq refinery investment.”
Hassan said that “the refineries do not have the ability to meet the needs of the citizen of oil derivatives, particularly petrol, gas, imported from abroad.”
He continued: “the Energy Committee seeks revival through Iraqi national company law that was read from within the four laws of the Federal Government agreed with the Government in Kurdistan (2007), as well as the restructuring of the Ministry of oil and oil revenue sharing law./finished/(12 r. m).
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