Economic: Legislation of the oil and gas law has become binding on the government and parliament
Economic: Legislation of the oil and gas law has become binding on the government and parliament
6-7-2023
Information / Baghdad..
Economic expert Diaa Mohsen confirmed, on Tuesday, that the executive authorities represented by the government and the legislative in the House of Representatives must approve the oil and gas law during the current session of the House of Representatives.
Mohsen said in an interview with Al-Maalouma, that “the delay in approving the budget contributed to the failure to achieve justice and distribution among the governorates, in addition to delaying government programs and projects,” pointing out that “the constitution emphasized that the management of oil wealth should be by the central government because it belongs to the people.”
He added, “It has become necessary to oblige the legislative and executive authorities to pass the oil and gas law and make it a priority for the laws placed on the table of the Presidency of the House of Representatives and the heads of political blocs.”
He pointed out that “approving the oil and gas law will contribute to solving many problems, including delaying the approval of annual budgets, achieving justice for all, and cutting off oil smuggling and selling it to boycotting countries, such as the Zionist entity.”
Mohsen pointed out, “The delay in approving the federal budget annually is caused by differences between the region and the center, by not approving oil and gas.”
The Oil and Gas Law has been awaiting legislation in the House of Representatives since 2005, which stipulates that the responsibility for managing oil fields in Iraq must be entrusted to a national oil company, which is exclusively supervised by Baghdad.
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