Jiyad: Refining Investment Law should be Rejected or Redrafted

By Ahmed Mousa Jiyad.

Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News.

Remarks on the Second Amendment of Oil Refining Investment Law 64 of 2007

The Second Amendment of Oil Refining Investment Law has specific very serious flaws, and should be either rejected or redrafted.

The proposed amendment was posted on the Parliament website, giving the opportunity for the public and professionals alike to have their say in the proposed laws. This move by the legislating authority is highly appreciated, since good governance comprises many components, among them transparency, participation and recognition of rights to information.

This intervention is partly responding to such call by the Parliament, considering the imminent voting on the amendment; but mostly it is a continuation to my consistent follow-up of the development in the petroleum sector and sustainable development effort, or lack of it, in the country.

More specificly, the purpose of this intervention is to identify the flaws in the proposed legislation, to explain why they are so, and to propose practical alternatives.

Please click here to download Ahmed Mousa Jiyad’s full report.

Mr Jiyad is an independent development consultant, scholar and Associate with Centre for Global Energy Studies (CGES), London. He was formerly a senior economist with the Iraq National Oil Company and Iraq’s Ministry of Oil, Chief Expert for the Council of Ministers, Director at the Ministry of Trade, and International Specialist with UN organizations in Uganda, Sudan and Jordan. He is now based in Norway (Email: [email protected], Skype ID: Ahmed Mousa Jiyad). Read more of Mr Jiyad’s biography here.

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