Sudani directs the formation of a ministerial committee on the oil and gas law
Sudani directs the formation of a ministerial committee on the oil and gas law
2023-08-02
Today, Wednesday, the Prime Minister, Mohamed Shia Al-Sudani, directed the formation of a ministerial committee on the oil and gas law.
The media office of the Prime Minister stated in a statement, that “Prime Minister Muhammad Shia’ al-Sudani held a meeting today devoted to discussing the draft federal oil and gas law, in the presence of a number of leaders of political blocs, the ministers of foreign affairs, oil and industry, and the advisor to the minister of natural resources in the Kurdistan Regional Government.” Iraq, as well as a number of technical and legal advisors and experts.
He added, “The meeting witnessed a review of the latest drafts of the draft law, its details and provisions, and what the technical and legal committees worked on,” pointing to “work to mature the final draft of the law, in preparation for its approval in the Council of Ministers, and submitting it to the House of Representatives for legislation, according to the legal and constitutional contexts.”
Al-Sudani stressed, during the meeting, that “the draft oil and gas law is one of the basic and important laws, and it represents a factor of strength and unity for Iraq, and it has been stuck for years, at a time when the country today is in dire need to legislate it and benefit from this natural wealth, in all fields and sectors, in addition to the contribution of Enacting the law in solving many outstanding problems,” explaining that “there are governorates that have not invested their wealth until today, which is considered a negative matter for all development endeavors.”
He pointed out that “the law is part of the commitment to the ministerial curriculum, which was voted on by the House of Representatives, and it will take into account constitutional principles, in a way that guarantees a fair distribution of oil wealth, advances the reality of the economy in all its aspects, and contributes to the economic reform that the government has set in its priorities.”
Al-Sudani directed “the formation of a ministerial committee that would supervise the technical dialogues between the Federal Ministry of Oil and the Ministry of Natural Resources in the region, as well as inviting the governors of the oil-producing provinces, each of Basra, Maysan, Kirkuk and Dhi Qar, and the general managers of government oil companies to the ongoing technical dialogues regarding the law, provided that These dialogues will be followed by the completion of the political dialogue to agree on presenting the draft law.
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