Parliamentary Committee confirms return of movement regarding preparation of draft oil and gas law

Parliamentary Committee confirms return of movement regarding preparation of draft oil and gas law

12-21-2024

Parliamentary Committee confirms return of movement regarding preparation of draft oil and gas lawInformation / Special..
Member of the Oil and Gas Committee, MP Basem Al-Gharibawi, confirmed on Saturday that there is a desire among the political forces to legislate the oil and gas law in the near future, through the return of the joint committees to work in order to prepare a unified draft of the proposed law, with an invitation extended to host the federal oil minister and the regional minister of natural resources together within the committee.

Al-Gharibawi said in a statement to Al-Maalouma Agency, “The legislation of the oil and gas law is of utmost importance on the political and economic levels and is considered one of the basic laws and regulates the relationship with the center and the region. Its legislation has become an urgent and pressing necessity despite its introduction since 2007.”

He added that “the main obstacle facing the legislators of the law is the paragraph on the tasks of the Federal Council and the powers of the region within the council,” noting that “there is a desire among the political forces to legislate the oil and gas law in the near future through the return of the joint committees to work in order to prepare a unified draft of the proposed law, with an invitation extended to host the federal oil minister and the minister of natural resources in the region together within the committee.”

It is noteworthy that the committees specialized in drafting the oil and gas law include the federal oil minister, the regional minister of natural resources, the general manager of SOMO, and senior staff in the Ministry of Oil, in addition to the oil-producing provinces such as Basra, Dhi Qar, Maysan, and Kirkuk.

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