MP Hassan: The lack of political consensus stands in the way

[Stillw8n]

MP Hassan: The lack of political consensus stands in the way of passing the HCL law; Says its sensitive and needs approval

Do not disrupt the political consensus adoption of the law of oil and gas is important
On: Wednesday 02/08/2012 11:05

Baghdad (news) .. Download a member of the Committee on Energy and Oil MP / National Alliance / Bayazid Hassan political blocs responsible for the late adoption of the draft law of oil and gas.

said Hassan (of the Agency news) said on Wednesday: The lack of political consensus between the blocks stand in the way without the approval of the draft law of oil and gas, the fact that this law is sensitive and needs to be approved by many of the views.

He added that the financial allocations for the Ministry of Oil adequate and good because the budget depends on oil tongs (90%).

He noted that there was a lot of projects with the Commission such as the law of the Federal Council and the Law on the establishment of the Iraqi company needs to be activated they revive the national economy.

It is noteworthy that Iraq has signed contracts worth billions of dollars with major international companies to develop oil fields, especially South of them without the presence of an oil law, and the government had already submitted the first draft of the law in February of 2007 to parliament, but political differences have prevented the ratification of the law in parliament.

http://bit.ly/xVjB4N