Highlights/Thoughts
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1. The Commission on oil and energy parliamentary said the oil and gas law requires a political consensus between the blocs before they are discussed with the Commission.
2. They said the law may be voted on during the ten days provided that there is political agreement
3. A committee member said the absence of political agreement means that the law is passed even if there are amendments to it
4. He said the law may be voted on within 10 days, subject to the political consensus
5. The oil and gas law failed to pass in the House twice before
6. The reason for the delay or it not passing was because it wasn't clear how much oil there was in all the regions, in the opinion of a number of experts involved
7. Since that time, the crude oil inventories in the country was estimated at 505 bil barrels with total recoverable/proven reserves of 143 bil barrels. Also, 3 contracts were signed with international companies
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