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Calls to speed up legislation in the oil and gas law DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Calls to speed up legislation in the oil and gas law

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Calls to speed up legislation in the oil and gas law Empty Calls to speed up legislation in the oil and gas law

Post by claud39 on Tue Oct 29, 2019 7:52 am

[size=36][rtl]Calls to speed up legislation in the oil and gas law[/rtl][/size]

Monday, October 28, 2019

Calls to speed up legislation in the oil and gas law Alsabaah-21172

Baghdad / Farah al - Khuffaf

As part of its reforms, the government pledged to continue addressing the parliament and enacting the long-awaited oil and gas law by the Iraqi street for its importance in establishing a clear and transparent oil policy that would lead to regulating the oil relationship between the center and the region and to the proper dealings between the Iraqi and foreign giant investment companies and institutions. More importantly, evenly distributing revenues will bring development to the country.

Strategic factors

In this regard, the oil expert Hussein Al-Marzouq told "Al-Sabah": "The legislation of this law has a great economic feasibility to achieve several strategic factors, including attracting international oil companies and investors known for its sobriety, and the development of a clear policy that makes oil institutions competitive, as these factors contribute to the advancement The reality of public oil companies and the performance of their role effectively, which leads to block the path to financial and administrative corruption. "

Al-Marzouq added that "the oil and gas law establishes and legislates a legal cover for oil operations in Iraq, which gives legitimacy for exploration, extraction and production, which has a weight in the international and international milieus, especially as it regulates the relationship between Iraq and producing and non-producing countries and charts transparency in dealing, as will be a reference It is important to prevent disputes between the Center and the Kurdistan Region, and thus lead to an increase in production and storage of crude oil and gases emitted during the extraction operations, which need a reference to explain the way in which they work, market and export.


Productive Sectors

The expert finds that "the delay in the passage of the oil and gas law negatively affects the economy of the country, which became mainly dependent on oil revenues, which in turn caused paralysis in other productive sectors," pointing out that "oil wealth owned by the country can support and do sectors of industry and agriculture , Construction that contributes to solving the housing crisis, without exporting it to countries 
Other. " 

The Prime Minister announced the signing of an agreement with Norway during the Norwegian Prime Minister's recent visit to Baghdad, Irna Solberg, includes cooperation under the slogan "Oil for Development", which the government is working to achieve, which stimulates the development process in all provinces and move the economy.

Al-Marzouq explained that "there is a hierarchical relationship between the oil and gas law and other laws, including the law of the National Oil Company, the law of investment and other service laws, as it paves the way to legislate and apply important laws relating to agriculture and industry," pointing out that "oil enters the petrochemical industry Hand and fertilizer on the one hand
 Other. "

Employment employment

As for the foundations of the development of the oil sector, Marzouq pointed out that "its development is through the formation of a higher council through which the management of this vital sector, which is expected to achieve a significant increase in the movement of labor through the employment of large numbers of labor in this sector. When this happens. "

He explained that the formation of this Council "will establish a modern and sophisticated system for the management of oil operations in Iraq, including the development of strategies, policies and plans for long, medium and short-term, while expanding the use of direct effort in the Iraqi public and private sectors and foreign to implement oil operations in Iraq, based on the latest technology and economy 

However, the perception of oil wealth in Iraq has become local, according to Al-Marzouq, which is that each region views the underground as the king of the region, and contrary to the Constitution stipulates that oil belongs to the entire Iraqi people, must follow the principle of the distribution of oil benefits between All governorates 

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