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Parliament threatens government over delays in issuing new oil law
Tuesday, August 02 - August 2011 11:04 .
Warned the Iraqi parliament the government it will adopt a new draft law of oil has been delayed a lot if the government continued to obstruct the legislation basis on which he sees investors a basic guarantee of stability. Remained a draft law of oil and gas in Iraq for years under preparation but has faced opposition with regard to who controls the fourth largest oil reserves in the world that there is a part of it in areas disputed between Arabs and Kurds, some of them in the semi-autonomous northern Iraq.
He said Osama al-Iraqi parliament speaker said the parliament's energy commission has proposed a new draft. And if the government continued to postpone the law of oil and gas in Iraq will go the parliament forward with approval of the draft new law.
has been the oil law is one of several difficult issues facing the new Iraqi government since it was formed at the end of December (December) after more than nine months of wrangling that followed the parliamentary elections inconclusive. Investors were waiting approval of the law to ensure the existence of a legal framework more coherent with regard to human exploration.
It also represents the law of vital importance in achieving political reconciliation in Iraq while trying to rebuild its capacity after years of war.
Even without the law, Iraq has signed already contracts worth billions of dollars with international companies to develop oil fields, according to the law dates back to before 2003 when the ousted US-led invasion toppled Saddam Hussein.
's cabinet approved the 2007 draft law of oil and gas in Iraq's new but has encountered opposition in parliament, re-again for the government to intervene by the amendments. And enter Iraq, some amendments to the law, which decline of parliament's energy commission.
Hamzah said the jeweler, an oil analyst based in Baghdad told Reuters: "It is clear that Parliament is trying to pressure the government to liberalize the law has been delayed a lot, but that will not solve the Almchkh but will create more turmoil."
He "Parliament has to realize that the only way out of this thing is a political agreement with the Kurds."
Meanwhile, Falah Al-Amri, President of Iraqi oil marketing company "Sumo", on Monday, that Iraqi oil exports fell to 2.164 million barrels per day in July (July) of 2.275 million in June (June).
The Ameri added that "this is due to send more crude to local refineries to meet the growing demand for fuel by the heat of the air."
Meanwhile, sources told navigation, "Reuters," the Occidental Petroleum Kogas and South Korean Tzlmta the first shipment of crude oil are in exchange for assistance in the development of Zubair oil field in Iraq. And left the tanker Hsbont Trouper Basra, yesterday Sunday, carrying one million barrels of Basra Light crude. The sources said that Occidental has had 600 thousand barrels, while received Kogas 400 thousand barrels.
A source at the Iraqi oil marketing "Sumo" The average selling price of Iraqi crude for July was about $ 108 a barrel.
and a shipping source said that the airline Olympique ligand also departed, Sunday from the port of Basra oil loaded with two million barrels of Basra Light crude for the company CNN.. me. C Chinese.
The source said it was company SOMO, the second installment for work in the oil field development Rumaila.
Tuesday, August 02 - August 2011 11:04 .
Warned the Iraqi parliament the government it will adopt a new draft law of oil has been delayed a lot if the government continued to obstruct the legislation basis on which he sees investors a basic guarantee of stability. Remained a draft law of oil and gas in Iraq for years under preparation but has faced opposition with regard to who controls the fourth largest oil reserves in the world that there is a part of it in areas disputed between Arabs and Kurds, some of them in the semi-autonomous northern Iraq.
He said Osama al-Iraqi parliament speaker said the parliament's energy commission has proposed a new draft. And if the government continued to postpone the law of oil and gas in Iraq will go the parliament forward with approval of the draft new law.
has been the oil law is one of several difficult issues facing the new Iraqi government since it was formed at the end of December (December) after more than nine months of wrangling that followed the parliamentary elections inconclusive. Investors were waiting approval of the law to ensure the existence of a legal framework more coherent with regard to human exploration.
It also represents the law of vital importance in achieving political reconciliation in Iraq while trying to rebuild its capacity after years of war.
Even without the law, Iraq has signed already contracts worth billions of dollars with international companies to develop oil fields, according to the law dates back to before 2003 when the ousted US-led invasion toppled Saddam Hussein.
's cabinet approved the 2007 draft law of oil and gas in Iraq's new but has encountered opposition in parliament, re-again for the government to intervene by the amendments. And enter Iraq, some amendments to the law, which decline of parliament's energy commission.
Hamzah said the jeweler, an oil analyst based in Baghdad told Reuters: "It is clear that Parliament is trying to pressure the government to liberalize the law has been delayed a lot, but that will not solve the Almchkh but will create more turmoil."
He "Parliament has to realize that the only way out of this thing is a political agreement with the Kurds."
Meanwhile, Falah Al-Amri, President of Iraqi oil marketing company "Sumo", on Monday, that Iraqi oil exports fell to 2.164 million barrels per day in July (July) of 2.275 million in June (June).
The Ameri added that "this is due to send more crude to local refineries to meet the growing demand for fuel by the heat of the air."
Meanwhile, sources told navigation, "Reuters," the Occidental Petroleum Kogas and South Korean Tzlmta the first shipment of crude oil are in exchange for assistance in the development of Zubair oil field in Iraq. And left the tanker Hsbont Trouper Basra, yesterday Sunday, carrying one million barrels of Basra Light crude. The sources said that Occidental has had 600 thousand barrels, while received Kogas 400 thousand barrels.
A source at the Iraqi oil marketing "Sumo" The average selling price of Iraqi crude for July was about $ 108 a barrel.
and a shipping source said that the airline Olympique ligand also departed, Sunday from the port of Basra oil loaded with two million barrels of Basra Light crude for the company CNN.. me. C Chinese.
The source said it was company SOMO, the second installment for work in the oil field development Rumaila.