Beirut, November 25 (Rn) – considered the “no T-F” British specialized in the development of transparency in the oil projects that oil licensing rounds Iraqi riddled with administrative problems and significant legal supposed to be addressed before the adoption of the law of oil and gas. and Iraq had signed contracts with companies a global giant in the field of energy through three rounds of licenses to develop 11 oil fields.
Although the Iraqi government expected the arrival of crude oil production to about 12 million barrels per day by 2017, but experts have questioned the arrival of the production to that goal, and said that seven million barrels per day is a reasonable figure. The director of the organization Keith Mary, told the Kurdish news agency (Rn) that “there is a need to review the terms of licensing rounds and coordinated with the draft law of oil and gas for the year 2007, including the problem of tax liabilities for capital gains resulting from the transfer of licenses, which not mentioned in the law tax adopted in Iraq. “
He added that “the oil contracts were awarded in licensing rounds was not supposed to intersect with the law of new oil and gas and to prevent overlapping of items included in service contracts in the production and must adapt them to the new law.” has not been prescribed Iraq after the law regulates the oil and gas due to differences on the management of oil wealth, was launched more than a draft of the law, but politicians did not come to an understanding of the adoption of one of them.
The Mary while he was in the branch of the Lebanese capital Beirut that “the terms of the oil stabilization must be clarified in the contracts that are appropriate to the existing in the law of oil and gas. ” He continued by saying, “as well as the case with respect to the plan to develop the fields, there are few details on the work of development of oil fields and setting conditions on the main elements of the field, including reserves and production capacity and rates of depletion and installations above the ground, costs, and procurement plans and environmental impact assessment.”
He pointed out that “Iraqi Council of Representatives is supposed to be familiar with the licensing contracts after the signing of a longer window, and this has not been in decades previous oil is also licensing contracts where other problems such as expensive to audit costs following the end of the government or local governments that are located, including the fields developed, or Bundesrat oil ? “.
The Iraq’s oil production is currently about 2.8 million barrels a day, the first time I had reached this level in 20 years thanks to increased investment and the decline of violence.