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View Full Version : Committee on Energy and oil the process of amending the draft investment law crude oi



Jwdwrd
04-03-2011, 09:22 AM
Baghdad (news) .. confirmed to the Committee on Energy and oil that there is draft amendment to the Investment Act of crude oil. A member of the Committee on Energy and Oil Bayazid Hassan, MP for the MDC in a statement (of the Agency news) on Sunday: from “the projects to be submitted by the Committee on Energy and Oil, modify Investment Law draft crude oil, which will encourage investors to invest in Iraq’s refineries. “

Hassan noted that “the refineries do not have the capacity to satisfy the need of the citizens of oil derivatives, especially of gasoline, gas, causing to be imported from abroad.”

He continued: “seek the Commission power to revive the company’s Iraqi National through the law that has been read from among four laws agreed upon by the Federal Government with the Government of Kurdistan in the year (2007), as well as restructuring the Oil Ministry and the Law of sharing oil revenues.

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