Dáil debates

Wednesday, 8 November 2006

National Oil Reserves Agency Bill 2006: Report Stage (Resumed)

 

6:00 pm

Photo of Tommy BroughanTommy Broughan (Dublin North East, Labour)

Apparently, President Putin is changing the terms and conditions applicable to Shell and Total in the region of the Russian Federation, including the island of Sakhalin. The famous Shell company is under the spotlight again because President Putin is prepared to change the terms. Since the mid-1990s, the Yeltsin Government has been regarded as giving away the vital natural resources of the Russian people. President Putin is prepared to reverse that situation. The Minister seems to be saying that while he would like to do something similar, he will not do it yet.

It has been my experience from dealings with the Department, in so far as Departments deal with the Opposition, that there was not much expertise. Otherwise, why did the Advantica and the Centre for Public Inquiry reports describe such disturbing issues in respect of the transport system for this resource? If the Department had that expertise, we would have known about that issue beforehand and, as Deputy Cowley stated, we would not still be examining the issue of cold venting. We would have known in advance that such was part and parcel of a large refinery and needed approval.

The Bill could include the genesis of an exploration agency in NORA. I accept the Minister's statement that he might——

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