Experts stress the need to restore national oil company

Experts stress the need to restore national oil company



04/03/2017 0:00

BAGHDAD / Shokran Fatlawi in
order to develop plans and processors and hold oil wealth governance rational in Iraq , which suffers the absence of vision and strategic long - term, which led to a lot of problems and the imbalance of structural in the Iraqi economy despite the production and high export rates, represented the most prominent discussion seminar of the Institute for progress axes policies Alanmaiah.alsaash oil
Director of the Institute d. Mahdi Al - Hafiz opened the seminar which was attended by the "morning" and addressed many of the challenges facing the oil policy should be addressed in Mekdmthatlk policy and plans unripe that are inconsistent with previous laws such as Law No. 84 of 1985 which provides for the importance of a technically and economically feasible before the approval of any project , as well as the importance of a review of service contracts based on what was stated in the state budget and identify weaknesses in those contracts and put appropriate alternatives, not to mention the problem.
Iraq 's crude oil reserves of about 153 billion barrels that are other need convincing assurances because the multiplicity of estimates had created a state of confusion.
He asked Hafiz for 12 fields Nfttiyasbak and presented for investment by international companies, while stressing the need Mathantvae to display any oil projects in front of international companies because of the presence of local oil production capabilities.
He stressed the importance of Hafiz re - establishment of the national oil company, to its importance in achieving the desired economic interest in the current circumstances of the country. Maritime domain and then put papers oil expert International, Tariq Shafiq and Ahmed horses, which included several proposals and recommendations very important , including, the futility of expression of the Ministry of Oil for Astaadadhalltaaked with international oil companies for the purpose of investment, and to talk about the offer 12 new oil fields discoverers on international oil companies , in addition to other fields are being developed under the administration of the provinces and style expensive, to the importance of the ministry scourges focus on the oil fields that were previously contracted in the two rounds of licensing the first and second to maintain the interest of the country. It continues the futility of experts announced the desire to explore the maritime field prohibitively cost, at a time when the country still has large oil reserves, accompanied by the question and the lack of understanding in related activities to expand the fleet of oil tankers while the country is suffering a financial crisis. The paper recommended the Ministry of Oil , taking the issue of reducing production and other topics related to international concerns, more seriously than what are now. Mnohan that Iraq should consider rejection of any extension of the Convention (OPEC) , unless taking financial and human sacrifices resulting from (Daesh) terrorist into account, as well as the need to know the indicators that confirm the existence of unremitting efforts by Kuwait and Iran, to invest in oil fields located the border with Iraq. But there is nothing indicates that Iraq take real and effective measures to protect the country 's interest in these border fields, the scourges that Iraqi negotiators need more experience to avoid the loss of financial returns that can be derived from these fields, as well as its statement the continuation of associated gas flaring and quantities mounting that It increases with oil production Maihtm an urgent and urgent need to develop serious plans, not just promises, to put an end to gas flaring. He concluded with the blessing of the two experts and Rguetehma re Aaloutnah oil company to work, that includes a real law and the independence of the powers to enable them to be effective and efficient management and production sector to Aanzer it as a smaller partner for international oil companies. Oil reserves with added oil expert Hamza jeweler said oil reserves inventory estimated by the ministry 153 billion barrels , which soon dropped him and returned to the previous figure of 123 billion barrels, indicating that the situation now is different because of exploration of new fields, including the Siba field , which was believed to be a field gas only, but turned out to be an oil field as well as a very large field of Sinbad , a large field and has large extensions of up to Siba field that increased reserves and there are Dima field within the geographical area ninth which extends into Iranian territory. The former chairman of the Oil Parliamentary Adnan al - Janabi , said: We are 15 years discussing contracts and was told where a lot of talk and such a thing no longer has significance in the presence of signed contracts, pointing out that the measure is the extent of the degree of benefit from such contracts , and if the discussion of participation in the proportions production must share between the unknown region and between the producing fields and ratios of different production, pointing out that the amendments made to the contracts were mostly bad, but most important is to control costs and must be our professional control devices. He said al - Janabi , said the failure to approve the law of the National Oil Company frangible Iraq emerged since 2003 so far and the more we delay days we cause harm to the country and the people, and noted that the work on the preparation of an oil law and oil company began since 2004 , even if we managed to pass the law could solve a lot of problems that the country is facing now. Participants in the symposium decided to raise a detailed memorandum to the three presidencies and the Oil Ministry to inform them of what has been reached and what the appropriate proposals to put political oil successful in the country?

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