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Parliamentary Energy: Amendment invest oil filter law serves the interests of Iraq
| Friday, 23 September 2016 09:18 |
Alsumaria News / Baghdad
It commended the Commission on oil and energy parliamentary, on Friday, to amend the investment law in the liquidation of crude oil, saying it serves the interests of Iraq , as pointed out that it would encourage companies to invest in refineries, because Iraq has oil and no oil products.
Committee Chairman MP Ares Abdullah , in an interview with Alsumaria's News, said that " the amendment of the liquidation of crude oil investment law to encourage foreign and Iraqi investors to invest in this area , " noting that " the energy committeeof parliamentary meetings were held extensive and seminars with businesses andgovernment committees to discuss this topic and after deliberations and discussions have reached to amend the law. "
Abdullah stressed that "to amend the law in the interests of Iraq, first as it encourages companies to invest in refineries, because Iraq has oil and no oil products, and if the law used by the companies revenues will return to Iraq."
The head of the bloc of virtue Ammar Tohme criticized earlier in the Investment Law oil filter, considering it included a discount to the price of oil supplier to companies invested a high proportion "unjustified", while calling for a review of that paragraph.
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