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09-18-2014, 07:42 AM
Create internal to avoid refineries import oil derivatives (http://www.alsabaah.iq/ArticleShow.aspx?ID=77713)

13/9/2014 12: 00 am
Baghdad-Farah pumice

In a move designed to improve the work of the oil sector, the Institute for development policy round table, moderated by Dr. Mahdi Al-Hafidh highlighted the importance of cooperation between the Central Government and the Government of the territory, with the participation of ten UN experts involved in this area.

And meeting the recommendations of an expert considered "important" to mitigate political and economic interactions in this regard, notably the oil and gas Act legislation which still languish in the inclusion of the House since 2007.

The Economist named Antoine confirmed for "morning" that highlighted the need to establish a presence among the internal match international standards, to achieve self-sufficiency in petroleum products rather than imported from neighbouring countries, as well as the contribution figures technocrats in the formulation of laws concerning the issue of oil and gas for a convergent viewpoints, along with transparency in the disclosure of imports and production and marketing in this area.

According to Antoine, one of the participants at the table that the experts and specialists called on Parliament and the competent authorities to speed up the legislation of the oil and gas law to ease differences between the territory and the Centre, as no legislation this law is fundamental gap that gives to many interpretations.

The study of the fundamental points contained in the Constitution, in articles 111 and 112 on the ownership of oil to all the people and not for a specific hand, and the distribution of the wealth of the wetodi across the oil and gas law put an end to the differences between the two and the other for extracting and selling oil marketing and who is responsible for the entire process.

It is recalled that article 111 of the Constitution stipulates that the oil and gas is the property of all the Iraqi people in all the regions and governorates, article 112 stipulates first: the Federal Government administer oil and gas extracted from current fields with the Governments of the producing regions and governorates, to distribute imports fairly proportional to population distribution across the country, with a specific quota for the affected territories, which denied them unfairly by the previous system, which was damaged after that, to ensure the development Balanced of different regions of the country, and this shall be regulated by law II: the Federal Government and the Governments of the producing regions and provinces together with strategic policies to develop oil and gas wealth to bring the highest benefit to the Iraqi people, supported the latest techniques of market principles and encouraging investment.

The expert urged on behalf of the attendee to find real agreement between the political parties without putting the components hampering economic legislation and especially the oil and gas law, the interest of the country and its citizens, and check the actual development in all sectors, especially as oil is the main source of income of the Iraqi individual on the largest rentier Iraqi budget resource.

Besides the oil-producing province share (petrodollars being free), by Antoine, asked: "do you deduct $5 on extraction, manufacturing or production rate determined in the light of the price that develop later?" As the barrel to $50 or more than $150 as an example, saying that the law will determine the issues.

As the expert of experts confirmed that the oil reserves of the Kurdistan region approximately 40 billion barrels of oil reserves, except for the remaining 143 billion barrels, inciting to a transparent control oil habits.