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The government is ready to amend the law of the National Oil Company

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The government is ready to amend the law of the National Oil Company

Post by claud39 on Thu Jan 17, 2019 12:09 pm

https://www.almaalomah.com/2019/01/17/383470/


The government is ready to amend the law of the National Oil Company

7/01/2019













Information / Baghdad ..



Deputy Prime Minister for Energy Affairs and Minister of Oil Thamer Ghadhban expressed on Thursday his ministry's readiness to amend the law of the National Oil Company in the event that it was returned to the government. He also stressed the need to accelerate the implementation of the pipeline projects from Kirkuk to Ceyhan, Rumaila, Northern transport to acquire the flexibility of transport and export.
Al-Ghadhban said in a statement published by the official newspaper "Al-Sabah" that his ministry "prepared a plan to diversify export outlets of crude, as it is working seriously on a daily basis to prepare plans and programs regarding the export of oil from Rumaila fields to the port of Aqaba, An alternative to exporting oilfields towards the Turkish port of Ceyhan, starting from Kirkuk, in addition to linking the internal network of the north to the south. "
He added that "the establishment of these projects, will allow Iraq the ability to maneuver and flexibility in the transfer and export of oil for strategic and economic reasons, and in the event of an emergency or stop or shrink in a certain port," explaining "the existence of other outlets to ensure the stability of the export system and the rates of production of crude and associated gas" .
Al-Ghadhban pointed out that his ministry is currently waiting for the decision of the Federal Court on the law of the Federal National Oil Company, and that the House of Representatives saw his withdrawal and referred it to the government to be based on the opinion of the federal government, especially the Ministry of Oil.
He stressed the commitment of his ministry to "re-establish or form the Iraqi National Oil Company, as it will be a technical institution for the operation and away from politics and quotas and with the current companies that have branches or owned by the law," noting that his ministry "and a reform vision, Separation between the activities of operation and marketing, and the activity of the Federal Ministry representing the state.
Al-Ghadban added that his ministry should "devise to formulate policies and plans, develop strategies and work on legislating the laws regulating its activity, oil and gas investments and dealing with hydrocarbons, in addition to representing the country with international organizations, introducing specifications and modern technology, Hydrocarbons and diversification of sources of income ". Ending / 25

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