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Parliamentary commission submits amended oil and gas bill to ministerial board

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gente

gente

http://www.aknews.com/en/aknews/2/251809/



Parliamentary commission submits amended oil and gas bill to ministerial board



14/07/2011 14:06

Baghdad, July 14 (AKnews) – An ammended draft oil and gas bill has been sent to the council of ministers for voting, the government's Energy Commission, said on Thursday.

Faisal Abdullah, the Deputy Prime Minister for Energy Affair’s media director, told AKnews that the bill will go to parliament for ratification once the cabinet has passed its own amendments.


"The Ministers Council will in turn make the appropriate modifications on the draft bill that aims to support the raising of the level of oil production,” he said.

The new law is said to provide an appropriate environment for energy investment in Iraq, including oil, gas and will also encourage the local workers to compete for work according to world contexts in the extraction of oil from fields under the management of the national oil company.

The Iraqi National Oil Company (INOC) was formed according to Act No. 11 of 1964 and Act no. 97 issued on the same year to regulate the investment of the Iraqi National Oil Company of the areas allocated to them.

The center of the Iraqi National Oil Company was integrated with the center of the Oil Ministry according to the decision of the disbanded Revolutionary Command Council number 267 on April 26 - 1987, and this decision was considered as a cancelation for the company.

A number of experts concerned in oil studies believe that Iraq lacks clear political policy which was a reason in delaying the development of its oil wealth.

The Ministry of Oil announced in September last year that the Iraq’s proven reserves of oil reached 33.463 billion barrels in the northern and southern oil fields, particularly in the fields of Qurna and Zubair.

Iraq signed oil contracts with international energy companies at the beginning of this year after two rounds of licenses to develop ten oil fields were tendered.

Iraq has the fourth-largest oil reserves in the world and crude oil exports constitute about 95% of Iraq's federal budget.

Reported by Jaafar al-Wannan

RN/KA/AKnews

gente

gente

SEE THE BOLD BELOW--THIS IS WHY NOTHING EVER GETS DONE OVER THERE



http://www.iraqoilreport.com/politics/oil-policy/the-bill-pushers-5967/


The bill pushers

Published July 14, 2011

BAGHDAD - An amended draft oil and gas law has been sent to the full Cabinet, and a law to re-constitute the Iraqi National Oil Co. will receive its second reading in Parliament, as the country's energy leadership tries to move forward on legislation stuck in a political bottleneck for years.

There are disagreements over the purpose and utility of the laws, as well as opposing interpretations of current authority to approve oil deals by the leaders of the Cabinet Energy Committee and the Parliament's Oil and Energy Committee.

Parliament is for the first time asserting a form of legislative branch power, while the Cabinet is pressing for its versions of both laws, which likely concentrate will control in the executive branch of the central government.

Over the past month top oil sector policymakers have pressed forward on three key pieces of oil legislation: the oil and gas law, also known as the hydrocarbons framework law; a law that would reconstitute the Iraqi National Oil Company (INOC); and a law that would ban the signing of oil and gas deals until the passage of an oil law.

The Cabinet committee Wednesday forwarded amendments to the draft oil and gas law to the full Cabinet for its approval, the latest in a series of moves to bring legal clarity to the oil sector.

In Parliament on Wednesday, members of the Oil and Energy Committee held an information session for other parliamentarians on the recent developments in oil legislation. The committee members, led by chairman Adnan Janabi, convened in a Parliament conference room at noon, but no other members of parliament showed up.

Some of our brothers in Parliament asked for this meeting to get explanations about the oil and gas law and other issues related to contracts, but it seems nobody has come here,” Janabi said. “Anyway, we are here and we are ready to give explanations, now or in the future.”

Both the Cabinet and Parliament are working on legislation, which must ultimately win approval by both bodies in order to take effect. But the key policymakers in the two branches haven’t always seen eye to eye.

The Cabinet’s top energy policymaker, Deputy Prime Minister for Energy Hussain al-Shahristani, championed 15 oil and gas deals that were either signed or awarded without parliamentary approval during his tenure as oil minister. On Tuesday, the state-owned South Gas Co., Royal Dutch Shell and Mitsubishi signed a draft joint venture deal to capture flared gas in Basra, a project of Shahristani's which is controversial and specifically named in Janabi's contract moratorium proposal.

Shahristani’s counterpart in the Parliament, Janabi, has called into question the legality of those deals — as well as the 40 contracts signed by the Kurdistan Regional Government (KRG) — all of which were signed in the absence of up-to-date oil legislation. Janabi and his committee have said they don’t oppose any specific deals, but say that new oil legislation is required to bring full legitimacy to the contracts – and until then, Parliament approval of each.

“We think what is happening now in the absence of the oil and gas law is incorrect,” Janabi said. “What happened is neglect by the legislative authority and we are going to put an end to this neglect.”

Janabi and his committee formally requested Parliament ban further oil and gas contracts without new legislation to govern the energy sector — a measure seemingly designed to lend urgency to a legislative process that has moved very slowly in the past.

Draft oil legislation was proposed in early 2007 and won Cabinet approval, but lost momentum in Parliament amidst a tangle of political disputes. At the heart of the controversy were competing ideas about the balance of power between the central government and local authorities, particularly the KRG.

After the oil law stalled, both Baghdad and the Kurds signed contracts according to their preferred interpretations of the Iraqi Constitution and existing laws and precedents. In effect, Iraq has developed two oil sectors based on different legal understandings, which must now be reconciled.

Both Shahristani and Janabi have begun creating new oil legislation based on the draft laws that emerged four years ago.

The oil law that has now been sent to the full Cabinet has been amended by the Cabinet Energy Committee, which is chaired by Shahristani and includes the ministers of oil, electricity, science and technology, water resources, and provincial affairs.

The Parliament’s oil committee has not submitted its own oil and gas law, according to Janabi. “As the members of the oil and energy committee, we have opinions about it, and other members of parliament do, too,” he said. “We think it is necessary to speed up the oil and gas law.”

Janabi’s committee has been pressing a law that would re-constitute INOC. That law is making progress within the legislature, Janabi said. His committee earlier this month held a session with Iraqi oil experts, including the current minister Abdul Karim al-Luaibi, to discuss the merits of the INOC law.

“After the first reading, most of the views became clear,” he said, “and soon we are going to submit it to the Parliament for the second reading.”

Iraqi staff contributing from Baghdad are anonymous for their security.

MrsCK



If I remember right as of Febuary 2007...the HCL only needed one more vote to pass...They vote 3 times on laws...hopefully it gets past FINALLY!

gente

gente

Here's to hopin!

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