The three presidencies calls for the optimal investment of natural resources

The three presidencies calls for the optimal investment of natural resources




04/03/2017 0:00

Baghdad / Al- Sabah
called on Prime Minister Haider al - Abadi, in his speech to (Iraq Energy Forum) , which kicked off on, on Sunday, to «reliance on renewable energy as well as oil and gas», pointing out that the need for oil and electric power will double over the next 15 years .
While House Speaker Salim al - Jubouri said that the oil and gas law is the backbone of the organization of the relationship between the center and the region and producing provinces, Minister of Oil, Jabbar Luaibi said Iraq will end soon to complete the project of Kuwait supply gas in accordance with the agreement concluded between the two countries announced. Overcome the economic crisis , Ebadi said: It is « the cooperation of our people and the patience of our citizens , we were able to overcome the economic crisis», stressing that « the fight Daesh did not prevent the government from reform.» The Prime Minister added that «without achieving reconciliation and cooperation of the political blocs can not achieve progress and advancement of the country», warning that «corruption is not less harmful for terrorism». He called Abadi to «reliance on renewable energy as well as oil and gas», indicating that «may not continue to burn gas associated with the oil prospections and Iraq has made strides in this area». The prime minister , who pointed out that « the need for oil and electric power will double over the next 15 years», he noted that « the state that they think that they are able to build a sober economy in isolation from the international community is wrong», noting that « the state that supports terrorism and provoke battles region and imagine that they are safe, are wrong. » He noted that «Iraq has enormous potential and opportunities for promising, spacious and the government has a great keenness to encourage investment», indicating that « the government is seeking to benefit from every barrel of oil to serve the citizen and the development of the country and from every gas flame was wasted 90 years ago where we have the first time to benefit from this gas ». Dr. Abadi pointed to the importance of the transformation of the manufacturing industries and create job opportunities for young people and give hope to them , indicating that the government is committed to the partnership between the public sector and the private sector. He added that «billions of dollars previously lost due to the loss of planning», adding that « the government is moving toward building a strong Iraqi economy for the advancement of the country and not rely on a single source». Among Abadi , that « the state perceives it evolves alone the wrong Vtsourha state that perceives it would be far away from terrorism in isolation from the region Vaatqadha wrong also», stressing that we are embarking on a new phase of the country will advance them forward, calling the conference to supplement the government with more ideas to develop plans investment. Legal and administrative framework in turn, chairman of the House of Representatives said in his speech dedicated to discuss the files of interest to the reality and the future of the country 's economic conference, that «the oil revenues still account for the vast proportion of Iraq 's revenues in hard currency», noting that «this in itself indicates a problematic unilateral Iraqi economy, which puts the future of Iraq in front turns serious. » He stressed Jubouri « the need to take practical and clear procedures ; like practical translation of articles (111 and 112) in two special oil and gas wealth management constitution, part of a package of legislation aimed at deepening the interest of the wealth of Iraq, including the law of the National Oil Company, which arrived in the House of Representatives will be included in a table reading of the Council, in addition to the distribution of national wealth law, a group of legislation confirming the interest Almertjah of the wealth of Iraq ». The parliament speaker said: «We strongly believe that the focus on the energy sector and the provision of development administrative, legal and financial requirements, will provide Iraq with the proceeds can be employed to expand the guarantors of the productive base to diversify the country 's economy», noting that «can not sector be effective and fruitful unless it has the legal and administrative framework capable of wealth to invest properly and in accordance with the Constitution and within the international oil industry standards ». He Jubouri that «the House of Representatives has spared no effort in the laws relating to energy transmitted from government legislation, including, the Ministry of Electricity Law, the Iraqi Atomic Energy Commission, and the law exempting foreign companies and contractors for foreign secondary in licensing rounds contracts, fees, and the law of the Second Amendment to the Law private investment liquidation of oil. » The development of the gas industry and in the context, the oil minister in his speech , said the conference: that «Iraq will provide the State of Kuwait by about 200 million cubic feet of gas per day in the framework of good cooperation relations between the two countries», revealing at the same time «Iraqi - Iranian talks to sign a partnership agreement in the border oil fields produce joint. » He added Allaibi that «Iraq has achieved a remarkable development in the gas industry helped to achieve a significant increase in production during the current year», adding that «managed this year to invest 1.4 billion cubic feet of gas per day compared to 650 million cubic feet over the past year». He 's oil minister is confident that «production will continue to evolve over the next year to reach the gas rate investor to 1.7 billion cubic feet per day of liquefied gas production of seven thousand tons per day», expecting that «Iraq 's exports of liquefied natural gas , rising to 1,500 tons per day with a high export rate capacitors to 20 thousand barrels per day ». The development of Iraqi capabilities in the meantime, confirmed Director of the Energy Office at the US State Department, Alan Air, said that « the big US companies look at the possibilities and potential of Iraq interested in the development of Iraq 's capacity to produce energy, especially electric power.» The Air, in his conference, said that « the US administration is trying to arrange its business in the Middle East, as it is committed with its partners in regards to the subject of energy». He pointed out that « the US and Chinese demand for oil will raise the price of oil in the future», while criticized the Russian position towards the reduction of production agreement, saying that « the Russian government did not comply with the Convention». OPEC was the Secretary - General of the Organization of Petroleum Exporting Countries «OPEC» Mohammed Sanusi Bakndo, who participated in the conference as a «guest of honor», has met with the President Fuad Masum and Prime Minister Haider al - Abadi and head of the National Alliance , Ammar al - Hakim. According to a presidential statement received «morning», that the infallible pointed to « the importance of hoped the role of the organization in maintaining coordination between the oil - producing countries and maintain the rights of members, and to Iraq 's desire to keep the oil marketing and export of policy effects». The statement quoted the infallible confirmed « the need to free the sale of oil from the effects of policy and not to subdue the supply, demand and price differences and to the effects of policy». For his part, Bakndo praised « the important role of Iraq in OPEC as an institution of the Organization and Iraq 's desire for the unity of OPEC and strengthen its efforts to serve the interests of all.» While the statement of the Office of the President of the National Alliance , said that al - Hakim confirmed, during a meeting with the Secretary General of OPEC, said that «Iraq has been and remains supportive of the stability of oil prices , and committed itself to reducing production to support prices for the Convention of benefit to all», stressing the «importance to regain the Organization of Petroleum Exporting Countries roles in the black gold market and continues to coordinate both with producers inside or outside ».


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