Parliamentary Committee: The oil and gas law will see the light soon
Parliamentary Committee: The oil and gas law will see the light soon
7-15-2023
Information / Baghdad..
The Committee on Oil, Gas and Natural Resources confirmed, on Saturday, Parliament’s intention to legislate the oil and gas law during the current session, while noting that the adoption of the law will contribute to resolving the problems between Baghdad and Erbil.
Committee member Alaa Al-Haidari said in an interview with Al-Maalouma agency, “According to the government program and what was agreed upon by the state administration coalition, the oil and gas law will be legislated soon.”
He added, “The legislation of such a law is an urgent necessity, as it regulates the method of extracting oil and minerals throughout Iraq, including the Kurdistan region, as well as regulating oil revenues.”
He pointed out that “the oil and gas draft law is of economic importance, and it is obligatory to deliver oil revenues through the Federal Oil Marketing Company, as well as knowing the quantities exported.”
He pointed out that “there is an agreement between Baghdad and Erbil to legislate the federal oil and gas law,” stressing that “the House of Representatives will work to legislate it during the next stage.”
The rapporteur of the Patriotic Union of Kurdistan parliamentary bloc, Karwan Ali Yarouis, revealed earlier that there was a political agreement to pass the oil and gas law in Parliament, stressing that “discussions regarding it will start after the end of the legislative recess.
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