Expectations decisively oil and gas law

Expectations decisively oil and gas law

Date: Saturday 10/06/2012 10:19 am

 Baghdad / term and agencies
expected to Oil and Gas Committee yesterday resolved parliamentary Joint Committee of Five Draft 2007 between the drafts submitted to the draft law of oil and gas. He said the Commission’s decision Qasim Mohammed Mchkta told “Twilight News” that “there is a consensus on the draft 2007 by the parliamentary blocs and the provincial government and its federal counterpart, it is possible to choose the Committee of Five

As a bill for oil and gas or combination of two draft out final format. “Added Mchkta” Committee of Five decided to continue meetings until an agreement on the draft of the bill. ”

The Deputy Speaker Qusay al-Suhail has chaired, on Wednesday, meeting with Oil Minister Abdul Karim and coffee and Minister of wealth and natural resources in the Kurdistan Regional Government Ashti Hawrami and heads blocks the National Alliance and the Iraqi Kurdistan to discuss oil and gas law.

The cabinet approved the draft law of oil and gas in 2007 but faced an objection by the Kurdistan region.

The Territory government says that the draft law focuses powers, however, the federal government in the management of oil wealth at the expense of the region and the provinces, as proposed by the Commission on oil and energy bills instead but they raised them also differences.

Since the adoption of the Constitution, such as the oil and gas law highlighted outstanding issues between Baghdad and Erbil, which is no less important for the leaders of the Kurds on Article 140 of the Constitution.

The dispute is between Arbil and Baghdad on 41 oil contracts signed by the Kurdistan Regional Government since 2007 until now and Baghdad describes as “illegal”.

And Baghdad and Kurdistan agreed earlier this month to settle a dispute over oil payments after Kurdistan pledged to continue exports, Baghdad said it would pay dues for foreign companies operating in the region.
Source: almadapaper