A parliamentarian reveals a new agreement on the oil and gas law
A parliamentarian reveals a new agreement on the oil and gas law
1-25-2023
Information / special..
A member of the House of Representatives, Jassem Atwan, revealed on Wednesday an agreement between the government and the Kurdistan region in order to approve the oil and gas law, while confirming that the private oil and gas law will be approved in the region within a maximum period of six months.
Atwan said in an interview with Al-Maalouma agency, “The agreement to approve the law was made in order to pass the general budget and determine the region’s share of it,” noting that “the private oil and gas law will be approved in the region within a maximum period of six months.”
And he went on: “The adoption of the law will work to regulate oil and gas export revenues between the central government and the region, as well as the application and commitment of Kurdistan in the federal government’s decision regarding the illegality of Kurdistan to export oil in isolation from the SOMO company.”
And he continued, “The Council of Ministers will send the law to Parliament after completing the amendments to it and completing its second reading, and then voting on it under the dome of Parliament in order to apply it in the coming period.”
The Parliamentary Legal Committee had revealed earlier to Al-Maaloumah news agency that “the oil and gas law is one of the laws that the House of Representatives is working to complete in order to pass it in the upcoming sessions,” pointing out that “the law needs political consensus before proceeding with its approval, and this is what He is working on disabling it until now.”
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