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Jubouri: Parliament seeks through various legislation to increase support for the economy
02/04/2017
Direction Press / Baghdad
The head of the House of Representatives Saleem al-Jubouri that "Iraq Energy Forum is a great opportunity to provide investments and capabilities of the state to expand the economic base."
He said in a speech at the forum today, "Iraq, which seeks to bring new resources to the budget rather than relying only on oil revenues, which puts the future of Iraq in front of great challenges and dilemma that we seek to reach solutions."
He added Jubouri that "Iraq over the past two years, the suffering of the big drop in oil prices and possible dilemmas exceeded through the required development plans and through oil wealth management as part of the solutions."
"The parliament is seeking through multiple legislation to increase support to the economy through a vote soon on the national oil company and others in addition to what preceded it from the legislation."
He Alahbura that "oil and gas law since 2007 has not been decided which is the backbone of the oil and is still pending and was withdrawn several times and parliament did not effort in several Aal laws contribute to boost the economy and energy forward legislation."
He expressed thanks for the efforts to develop the oil sector, in particular to increase reserves of Iraq 153 billion barrels, and hailed the cooperation between the government and the OPEC "calling exporting countries in OPEC to consider the situation in Iraq during the previous period and wishes for the continuation of the partnership with foreign companies and the Oil Ministry commitment to paragraphs budget, especially re-negotiate with oil coalitions to ensure that the interests of the country.
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