Parliament hosts 2 experts to discuss oil licenses
June 29, 2009 - 03:04:17
BAGHDAD / Aswat al-Iraq: The Iraqi Parliament held its 25th regular session under Speaker Iyad al-Samarraie, during which it hosted two experts to provide their testimony on the first round of oil licenses.
“Two oil experts, Fayyad Hassan Neaama, from the Oil South Company, and Idress al-Yasseri presented their testimony in their capacity as experts in licenses,” according to a parliament’s statement received by Aswat al-Iraq news agency.
“They expressed their rejection of the first round of the oil licenses and voiced their concern for the possible losses as these contracts deprive Iraq from controlling the production and sale decisions,” the statement added.
The Iraqi Ministry of Oil will put off its draw of lots to select the winners of the first batch of oil licenses until Tuesday, according to a media spokesperson for the Ministry.
Spokesperson Isam Jihad cited bad weather conditions in the capital Baghdad and the subsequent closure of Baghdad International Airport as the main reasons behind the delay.
Earlier, Jihad said that his Ministry would unveil the winners of the first batch of oil licenses at 08:00 a.m. tomorrow (June 29) at al-Rasheed Hotel.
The contracts will be referred to the cabinet within six months after the winners are announced, Jihad had explained.
A few days ago, Minister of Oil Hussein al-Shahrestani said that his Ministry would refer oil exploration licenses to the cabinet for consideration and decision.