Baghdad, September 9 / Spettmar (Rn) – The Commission on oil and energy parliamentary Friday it decided to start a system trade-off between the draft oil law that was referred at the beginning of July last and the draft law of oil and gas made by the Iraqi government last month for approval in the House.
A member of the Furat al-Shara told the Kurdish news agency (Rn) that “the Energy Commission representative decided to work the system trade-off legal and technical between the draft law of oil and gas made and rejected because of the conviction of some of the political blocs and between the draft law of oil and gas made by the Iraqi government at the end of last August.” .
He pointed out that “the Committee believes that the points that diagnosed the Kurdistan Alliance List and the minutes need to be reviewed by the government because the bill does not give the powers of minutes.”
He explained that “the Council of Ministers law books and a central form of confinement is tight as the current impedes the establishment of institutions and oil companies.”
“The draft law submitted by the Iraqi government, it notes that many of the most prominent political Aihama oil from the dominance of the government because it marginalizes the role of the Council of Representatives.”
The crude oil inventories in the country was 505 billion barrels of discovered fields that $ 66 oil fields, with total recoverable reserves of 143 billion barrels of oil.
Plans to increase Iraq’s oil exports during the next six years to 12 million barrels per day after obtaining the approval of the international oil cartel.