The oil and gas law will be postponed to the next legislative year.. Representative: We need 6 months
The oil and gas law will be postponed to the next legislative year.. Representative: We need 6 months
2023-10-17 | 08:13
The Oil, Gas and Natural Resources Committee confirmed today, Tuesday, October 17, 2023, its need for 6 months in order to reach a draft oil and gas law that is consistent with all parties, while indicating that the committee formed by the Kurdistan Regional Government presented a vision about Oil and Gas Law to the Ministry of Oil.
The head of the Legislation Committee in the Oil, Gas andNatural Resources Committee,RepresentativeAli Shaddad, said in an interview with Al-Sumaria News, “This committee (Legislation Committee) is one of the important subcommittees in theparliamentary oilandGas Committee, and it is a committee concerned with legislation and laws for the oil and gas sector.”
Regarding the outcomes of today’s meeting, Shaddad said, “In this meeting, the Director General of the Legal Department and a group of jurists were hostedOil Ministry”, indicating, “We have a group of laws in the oil sector that need amendments, and 7 laws were discussed in today’s meeting related to the oil and gas sector, most notably amendments to the National Oil Company Law,” indicating that “most believe that the National Oil Company Law has been repealed before.” The Federal Court, but the truth is that some of its provisions have been canceled and the formation of this company has been stopped, and therefore we need a set of amendments so that this law can see the light of day again, and these are the directives of the federal government toOil Ministry
He continued, “One of the most important laws is the oil and gas law, and there are a series of meetings that reached 6 meetings, 3 of which were with the committee formed by the regional government and 3 meetings in which the governors and representatives of the oil-producing governorates were hosted,” pointing out that “Oil MinistryI have reached a preliminary draft that brings together ideas, whether from the Kurdish side or the oil-producing provinces, and we need repeated meetings on this aspect in order to reach a common vision on the oil and gas law.” Shaddad added, “Perhaps there will be a delay during the next two months due to council elections.
” Iraqi provinces, and we need 6 months to reach a draft oil and gas law that is consistent with all parties,” explaining that “the committee by the regional government presented a vision on the oil and gas law toOil MinistryThis vision is the texts and standards that the regional government wants to be present in the law.”
He explained, “We are counting on the first reading of the project in the third legislative year, and this is what we emphasized withOil MinistryAnd reaching a unified vision and draft, as we do not accept that it be more than one draft,” adding, “There will be fatigue and anger on the part of some parties, butIraqWe need this law.”
He stressed, “In this committee we have a group of new projects, such as the draft carbon footprint law and also the draft oil-agricultural coexistence law, and this is one of the important projects,” pointing out that “it was agreed today that there will be a representative from some companies in the oil and gas sector.” It is linked to the Legislation Committee in the Parliamentary Oil and Gas Committee.”
Al-Sumaria’s correspondent stated earlier today that the Parliamentary Oil and Gas Committee met with the subcommittee formed by the committee to address legal amendments (legislation), including the Oil and Gas Law and the National Oil Company Law.
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