Oil Law sent to Parliament Today for Approval

[darock0116]

Law does not grant oil concessions Americans .. ولا خلافات مع الكوردNo differences with Alcord


25/05/2007م - 6:11 م | عدد القراء: 605/25/2007 - 18:11 | number of readers : 6

الى.Iraqi Oil Minister Hussein Shahrastani, Friday, said that the oil and gas set by the Iraqi government and forwarded to the House for approval is not granted to the United States of any privileges or benefits, and it is the law promotes national unity in the country is the gateway for the zoning and therefore there are no differences with the government of Kurdistan on the proceeds.

".Shahrastani denied in an interview with Al Hayat newspaper in London published Friday, the exercise of American pressure on the Iraqi government to establish law and said, "if the matter was also referred to the law to give preference to American companies in investment, the law of the most stringent laws including oil Libyan law and the laws of other Arab."
".He added : "Iraq does not negotiate under this law with any company for the same so as to give preference to the company without the other, but working through open competition, and any company granted Iraq is the highest payoff will gain and those requested by the national interest, If the American companies willing to give Iraq a higher yield and accept lower proportion of the profits that let them. "

.He pointed out that there was no mention of partnership contracts in production, and this is left to the Federal oil and gas, which is the highest authority in the country headed by the Prime Minister and members of the ministries of oil, finance and planning, the Central Bank Governor, representatives from each province producer of more than 100 thousand barrels per day, These are the ones who decide the supreme interest of the country.
ة ..He explained that the law classified Iraqi fields discovered to three .. ".The first covers all fields of giant is the Iraqi National Oil Company, The second includes the discovered fields and non-productive at the present time but also can be developed and dedicated to the Iraqi oil company, while the third suspending discovered oilfields and away from the stage of production and non-productive now be subject to competing "This means that 80% of the reserves discovered Iraqi dedicated to the Iraqi national company, This nullifies the allegation that the law will pave the foreign companies monopolizing the oil of Iraq. "
".He noted that the content of the law depends distribution of oil resources on all the components of the Iraqi people, without exception, "There is no disagreement with the government of the Kurdistan region, but there are laws with this law from the National Oil Company Act, which replaced the senior officials of the ministry before I Picture, It requires the rebirth of the National Oil Company and activated, and enable them to manage all the major Iraqi fields. "

."Regarding the tasks National Oil Company, which was established recently, and opposed by the Kurdish side, Shahrastani said that "the Kurds did not object to the restructuring of the National Oil Company, but they were not reported by the Energy Commission in the form of a formal They believe that the proportion allocated to the company of large oilfields." He explained that "the oil sector must be run professionally and patriotism have nothing to do with political representation and components social for the Iraqi people and any Iraqi from any sectarian or religious background or nationality, a person of competence, experience and integrity to be assigned this task. "

د".Asked about the nature of current oil output in Iraq and the reasons for the decline of production, he said, "Iraq's potential to the current range between 2.8 and 2.9 million barrels per day, can be lifted as planned and to three million barrels per day, but our refining now covers about half a million barrels. Efforts are being made to add additional modules to improve the performance of the Iraqi refineries and capacity to make 700 to 750 thousand barrels per day to meet increasing demand on oil derivatives in the country. "

وعن".And on the American reports about the loss of billions of dollars through the stages of the production and export of oil during the past four years, he said that the article published in the "New York Times" America spoke of the existence of a difference between 100 and 300 thousand barrels a day between what is and what is the source of a product during the last period, "but the position of the observers assert that this gap in the form of diminished considerably after the assumption of responsibility for the ministry, The figure talking about is the bad readings, and I think that charge from those who preceded me worthy missions ministry. " He continued, "but those accusations are correct and the smuggling 100 thousand barrels needed to port for export is not subject to the control of the Iraqi government, and if there is not subject to a port state control Where is?" .

".He said : "The indictment generally lacks many precisely because of such quantities of smuggled and cited in the report need to be collusion and international port, and forget that the Oil Ministry newly installed meters to measure quantities exported and the supervision of an international company known not happen that differed between meter readings Iraqi and other meters to those companies."
".Ministry experience and provide fuel in the market amid crisis unresolved despite repeated promises, he said, "Yes, there is a severe shortage of oil derivatives in the country, and several reasons, including increased entry of cars that have reached more than a million cars, in addition to the use of generators as well as domestic large generators deployed in the alleys and neighborhoods, in addition to aging refineries oil production is reflected negatively on the production, which does not meet the growing demand, and it must cover the shortfall in imports


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[eatrocks]

sweet.....this could be it for the 200th time

[coconut]

And, there you go - Chris Angel at work. One big magic show going on in Iraq right now.

[H2OLover]

hmmmm ..... we shall see

[tiffanbean]

This today and them holding parliment tomarrow??? Something big is going to happen!! Im getting excited!!!:happy64: :happy64: :D

[AJOB]

My emotions are up and down today. They better do something difinitive soon or I am going to become manic depressive.:no: :D :no: :D
Thanks Rock, this is great news, espically in light of Nile's post earlier.

[dejavu]

The best part about that article is that it's saying kurds are basically in agreement at this point:)

therefore there are no differences with the government of Kurdistan on the proceeds

[Crow]

The best part about that article is that it's saying kurds are basically in agreement at this point:)

therefore there are no differences with the government of Kurdistan on the proceeds

They should be with a pissed off Turkish army on the border.

[nile]

the oil minister says 2 months! and they do this.....

OR he meant (and the idiot reported misreported) that it will be ENACTED within 2 months! like the VP and dep PM have said this week......

hmmm :D:D:D

[graciewacies]

I'M READY I'M READY READY EDDY EDDY EDDY READY!!!!!!!!!!!!!!!!!!!!

Things are looking so awesome today!!!!
I can't believe I feel happy about this again!!!!!!!!:happy64: :happy64: :happy64: :happy64:

[lance]

I like the part where he says it was sent to Parliament for approval not debate. I want to believe it but not until it is last weeks news, ya know.

[darock0116]

This is the text of the interview :


Accused the law of oil and gas by the political parties that the entrance to the division of Iraq, what do you say?



- That lie largely on the law, which carries many of the pros and foremost it strengthens national unity, The law focuses on the oil and gas belongs to all sects and components as stipulated in the Constitution and therefore income from the sale of oil and gas extracted from anywhere in the country at the expense of federal deposit at the Central Bank under the control and supervision of the federal government and distributed through the annual budget approved by the Deputies.

.Therefore, the method by which they were developed draft law of oil revenues strengthen national unity.



> > Do you believe that the text of the law is a consecration of partnership contracts with foreign companies to become sole beneficiary of Iraqi oil?


There is no mention of partnership contracts in production and this is left to the Federal oil and gas, which is the highest authority in the country headed by the Prime Minister and members of the ministries of oil, finance and planning, the Central Bank Governor, representatives from each province producer of more than 100 thousand barrels per day and those are the ones who decide the supreme interest of the country.


.We need a certain type of contract, and we are considering taking the action necessary to implement the law and classified Iraqi fields discovered to the first three supplements include all fields of a giant Iraqi National Oil Company.
.The second includes the discovered fields and non-productive at the present time but also can be developed and earmarked for the Iraqi oil company.
.The third oilfields discovered distant from the stage of production and non-productive now be subject to competition and this means that 80% of the reserves discovered Iraqi dedicated to the company, this Iraqi national invalidates the claim that the law will pave the foreign companies monopolizing the oil of Iraq.


.Many of these allegations have political motivations and non-professional ratio larger earmarked for the Iraqi National Oil Company and 17 per cent open to competition and the national oil company can submit their bids were also win that ratio.



> Some believe that the American pressures exerted on the Iraqi government to approve a bill that oil and gas?



- If it is referred to the law to give preference to U.S. companies in the investment law of the most stringent laws including oil Libyan law and the laws of other Arab, Iraq does not negotiate under this law with any company for the same so as to give preference to the company without the other, but working through open competition. Any company granted Iraq is the highest payoff will gain and those requested by the national interest and if the American companies willing to give Iraq a higher yield and accept lower percentage of the profits let them do so.


> What are the differences and the Iraqi Oil Ministry with the Kurdistan on investment and the distribution of oil revenues?



-- Act has been discussed since June (June) 2006 Agreement has been reached on the draft put forward after discussions complex, and there is no disagreement with the government of the Kurdistan region, But there are laws with this law from the National Oil Company Act, which replaced the senior officials of the ministry before I Picture It requires restore life to the National Oil Company and activated and enable them to manage all the major Iraqi fields.


As for the Law of financial resources are brought to the draft Energy Commission and approved in principle but the Kurds have some observations on the draft law is not in the deposit revenue in one box, and distributed to all regions according to population, the mechanism used is that the money comes to the Central Bank and deposited in the account federal and state rate is through the Ministry of Finance which is the focal point of the launch of exchange law would be rejected by the Kurds, who want an automatic mechanism to launch the exchange without the intervention of the Ministry of Finance.



> Do you support the Ministry of Oil by Kurds?


-We have tried to allay the fears of the government of Kurdistan region and the rest of the governorates through the formation of a new body to oversee this process and includes representatives from all provinces of Iraq on the grounds that there are quotas for each governorate and the Ministry will work that needed regulatory body, the Ministry of Finance opened specialties established in the central budget.


What is the nature and tasks of the National Oil Company, which was founded recently and opposed by the Kurdish side?


- Kurds did not object to the restructuring of the National Oil Company, but they were not reported by the Energy Commission in the form of a formal They believe that the proportion allocated to the company of large oilfields.



> You will not allow investment outside the Oil Ministry Do You ministry Sttionson political balances used by the Kurds to achieve their demands, especially that there are contracts concluded recently in this regard?


Believe that the oil sector must be run professionally and patriotism have nothing to do with political representation and social components of the Iraqi people and any Iraqi from any sectarian or religious background or nationality, a person of competence, experience and integrity to entrust this task and the basic draft presented based on this basis.

Because of the complex political situation in the country and fears of some components of it is not and must resolution centers in this paragraph was added to the draft and came upon mutual concessions from all the parties and whether the deputies of the parliament did not believe that the need for this text we are with this direction, But if some components that do not represent the majority in the country wished to have a voice and active participation in economic decisions and respond to its request this is not a request of the Ministry of Oil in the United Iraqi Alliance.





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[lance]

hmmmm ..... we shall see

Duck keep you're bill up, ha.

[Bear]

Didnt GW say get it done by 1st June,

Parliment in session tomorrow

CBI announce new Notes

what have i missed er

Im now goint to pray tonight, Me and the old man got a few things to talk about.

[darock0116]

Shahrastani : The Iraqi oil will not allow foreign control


(صوت العراق) - 25-05-2007
(Voice of Iraq) - 25-05-2007


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Dubai (Reuters) - The Iraqi Oil Minister in a statement published on Friday that the Iraqi oil is not expected to provide production-sharing contracts will ensure control of the Iraqi National Oil Company, 80% of the oil reserves.



"Hussein Shahrastani told the newspaper everyday life, "There is no mention of partnership contracts in production."

He added that the Iraqi National Oil Company owned by the state would dominate all fields except those unproductive far, far away from the production stage.

He said : "This means that 80% of the reserves discovered Iraqi dedicated to the company, this Iraqi national invalidates the claim that the law will pave the foreign companies monopolizing the oil of Iraq."

His agreements exploit other oil fields left to the federal oil and gas.

Looks international companies to the giant Iraqi oilfields and unused full. Iraq needs billions of dollars of foreign investment to enhance oil production and rebuild their economy.

Shahrastani was quoted as saying in India that the new law will be issued within two months. The law is a prerequisite for the legalization of wealth sharing Iraq's oil reserves among the sects and ethnic groups.

He said that the production capacity of Iraq now hit 2.8 to 2.9 million barrels per day. He continued, "the possible lifting As planned to three million barrels per day."

He added that Iraq is trying to add new units to Iraqi refineries to increase the production capacity of 700 thousand barrels daily to 750 thousand barrels a day to meet an increasing demand for derivatives.

The energy sector struggling to recover from years of mismanagement and sanctions and militant attacks on the infrastructure.

In Iraq, eight refineries for refining not affected any of them during the invasion led by the United States in 2003.

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[LethalTKD]

Cross your fingers folks! Better cross your toes too, just to be sure...;)

[Voyeur]

Didnt GW say get it done by 1st June,

Parliment in session tomorrow

CBI announce new Notes

what have i missed er

Im now goint to pray tonight, Me and the old man got a few things to talk about.

There's definately something about "by month end" that is EXTREMELY IMPORTANT. GOI movement is really trying to accomplish much by then.

Also, whether you like GW or you hate him, when he says something he really means it and it takes a team of horses to turn him. Frankly, whether right or wrong I find alot of comfort in that. Voyeur.

[crave681]

Didnt GW say get it done by 1st June,

Parliment in session tomorrow

CBI announce new Notes

what have i missed er

Im now goint to pray tonight, Me and the old man got a few things to talk about.
what makes you think its a man? :mad: unless you feel like youve gotten the something from him in the past? :D jk

[Crow]

People in the U.S are not happy about gas prices, some good news about oil, HCL Iraq, would be nice. :happy64:

[Gary0422]

Didnt GW say get it done by 1st June,

Parliment in session tomorrow

CBI announce new Notes

what have i missed er

Im now goint to pray tonight, Me and the old man got a few things to talk about.
what makes you think its a man? :mad: unless you feel like youve gotten the something from him in the past? :D jk

Ya Know? I would define myself as a pecimyst overall. It's keeps me from being disappointed all the time, however, since the Cheney visit, I've noticed that the Iraqi demeanor and tempo has changed somewhat and with these latest posts, I'm starting to think that the next 6-8 weeks could be very lucrative for all of us. I'm not certain as to how the Oil Summit being postponed can now play into this, but I think the message hasa finally sunk in and they are now understanding "no buck...no Buck Rogers" :o) We'll see somethin within the next 6-8 weeks I think.

:happy64: :happy64:

[darock0116]

India seeks to enhance its participation in the oil sector in Iraq





New Delhi-5-25 : Press reports said here today that India had requests from the Iraqi government commitment to the application of the extradition Tuba oil field to block international companies during the visit of Iraqi Oil Minister Hussein Shahrastani to India today.

The newspaper said (a Hindu) English-speaking, it is likely bring the issue of ownership of oil and gas assets and more effective participation in oil exploration and production activities in the hydrocarbon sector today during a meeting of the joint working group involving Shahrastani and Minister of petroleum and natural gas Murli Indian role.
The newspaper added that India will seek to enhance the supply of crude oil from Iraq, where imports all of the Petroleum and Bharat Petroleum government of India and Hindustan Petroleum Company Ltd. approximately ten million tons of crude oil from Iraq, and wish to obtain a commitment from the Iraqi government by providing more oil ranged between four to five million tons.

The conglomerate of international companies led the oil and natural gas company and government (Rlayans) and Indian companies (Sonatrach) Algerian had earned the right to the exploration and production (private-8), which includes Tuba oil field, which is located between the Rumaila and Zubayr in southern Iraq during the rule of the former Baathist regime.
It is noteworthy that the agreement had not been implemented several years ago at a time when conglomerate companies keen to start work in this sector as it is expected that India offers assistance to Iraq in building the ranks of oil in exchange for the right to explore oil there.

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[BIG WAVE]

The oil minister Hussein Shahrastani Act of oil and gas by the Iraqi government and forwarded to the House for approval «does not give the United States any privileges or gains» said in a dialogue with the «life» that the law promotes national unity in the country is the gateway for zoning pointing out that the content of the law depends distribution of oil resources on all the components of the Iraqi people, without exception.

He pointed out that 80% of the reserves discovered Iraqi dedicated to the company, this Iraqi national invalidates the claim that the law will pave the foreign companies monopolizing the oil of Iraq, He pointed out that the limited Iraqi oil sector is not in Iraq's ability to produce, but the inability to export the entire quantity produced because of the disruption transport route via Turkey.


Shahrastani denied the existence of any overlap political or party in the resolution oil also denied the existence of substantial differences with the government of the Kurdistan region of the bill, He pointed out that the charges in relation to waste billions of dollars of Iraqi oil exports may return to earlier eras of his responsibility, he said that the crisis of oil derivatives in Iraq will continue for years to come because of shortage of import allocations.
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[carlos]

Thanks guys for your posts. Very interesting! I think that this is some of THE BEST news we could want to hear! It definitely gives me the impression that they ARE in charge! They also state that there is apperantly no discent among the parliamentarians or among regional factions! IMO the fact that they are keeping the vast majority of the oil for themselves tells me that they are not fools, they know that the oil they have is what everybody is getting in line for!IMO the fact that the US oil companies are subject to tough bidding proceedures, and limited in the areas that they may work is NOT going to have the positive impact on the US economy that the Administration had originaly hoped for!Also IMHO, I feel that the majority of the parliamentarians have come to an agreement and regardless of who likes it and who does not like it, they have their concensus and this is the democracy that WE wanted in action!The fact that they seem to be united tells me that the prospects for THE DINAR REALLY LOOKS GOOD!Thanks: Carlos

[williambedloe]

I'm still looking good for my June 20th reval date...or something happening on that date

[crabman]

Oh I think we will see something very very soon. I think the Iraqis have woken up and smelled the coffee. I think Mr. Cheney gave them the ultimatum get it done or get out of the way and we will find someone that will. It is amazing when faced with the alternatives, they will finally see what needs to be done. I am hoping and cautiously optimistic, I still think that it will be tied to the Euro

[Garf]

Oh I think we will see something very very soon. I think the Iraqis have woken up and smelled the coffee. I think Mr. Cheney gave them the ultimatum get it done or get out of the way and we will find someone that will. It is amazing when faced with the alternatives, they will finally see what needs to be done. I am hoping and cautiously optimistic, I still think that it will be tied to the Euro

Yeah hopefully 0.93 of them !

[AAD]

This today and them holding parliment tomarrow??? Something big is going to happen!! Im getting excited!!!:happy64: :happy64: :D

I'm sure that's what we all hope but don't get too excited just yet. ;)

By the way thanks for the info Rock and BW. :wave: Oil and gas act does not give the Americans any privileges, that sounds fine to me...

[Stout Hearted Man]

Iraqi Oil Minister Hussein Shahrastani, Friday, said that the oil and gas set by the Iraqi government and forwarded to the House for approval is not granted to the United States of any privileges or benefits,

and it is the law promotes national unity in the country is the gateway for the zoning

and therefore there are no differences with the government of Kurdistan on the proceeds.


http://64.233.179.104/translate_c?hl=en&langpair=ar%7Cen&u=http://www.burathanews.com/news_article_20811.html



I have no doubt President Bush sent Mr. Cheney to
"Make them an offer they couldn't refuse"

...And I'm sure they "knew" HE MEANT IT!! :eek:

[NewIraqiDinar]

I have no doubt President Bush sent Mr. Cheney to
"Make them an offer they couldn't refuse"

...And I'm sure they "knew" HE MEANT IT!! :eek:


CLOSE, I think the conversation went more like this... Mr. Cheney to President Bush; "I am going there to make them an offer they cannot refuse, and they will know I mean it"...