Allawi: I will respect the signed deals with major oil companies, and Sothrk quickly to pass a new law on oil and gas

April 3, 2010 · Posted in NEWS
Friday, 18 – Spring CO -1431 E

Reuters) – Iraqi Prime Minister Iyad Allawi said on Wednesday that he will respect the deals signed with major international oil companies in recent months and will move quickly to pass a new law on oil and gas if the government formed a bloc.

. But Allawi, who won the majority of “Iraqi” multi-ethnic, led by the largest number of seats in parliamentary elections on the seventh of last March, said that the deal may require some minor amendments and that he wants to see more competition in the energy sector in Iraq.

He told Reuters that his bloc would honor all contracts and agreements as they see it is very important.

. Iraq and the granting of contracts to major oil companies to modernize the dilapidated oil fields after years of neglect and war in order to raise production capacity to 12 million barrels per day during the six years from the current level of 2.5 million barrels per day.

The increase of these contracts to the ranks of Iraq’s biggest oil producers, he adds.

Include companies involved in the transactions of U.S. energy giant Exxon Mobil and Royal Shell Dac largest oil company in Europe and Russia’s Lukoil Lucy. That. Me. C-Chinese.
Allawi said he would move quickly to send the oil law, which was delayed too much to the Parliament to regulate the oil sector.

Allawi added that this will be a priority and will not take long

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