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Parliamentary Resources: The region’s “procrastination” obstructed the approval of the oil law
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Economy News - Baghdad
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Added 12/31/2023 - 8:46 AM
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Economy News - Baghdad
The Oil, Gas and Natural Resources Committee in the House of Representatives attributed the delay in approving the Oil and Gas Law to the Kurdistan Region’s procrastination in implementing its obligations towards the federal government, while the Committee explained the sale of some oil companies’ shares in Iraq to two things.
Committee member Ali Al-Mashkour said, “There are outstanding points of contention between the center and the region that have caused the delay in approving the oil and gas law until now, in addition to the latter’s procrastination in implementing its obligations towards the center.”
Regarding the sale of some international oil companies of their shares in Iraq, Al-Mashkour stated that “this is due to two things: The first is to achieve its interests in other countries if a valuable opportunity is available to it, regardless of the place in which it was working. The second reason is “due to the political changes and events taking place in the country in which it was working and the conflict of interests between one country and another.”
Committee member Ali Al-Mashkour said, “There are outstanding points of contention between the center and the region that have caused the delay in approving the oil and gas law until now, in addition to the latter’s procrastination in implementing its obligations towards the center.”
Regarding the sale of some international oil companies of their shares in Iraq, Al-Mashkour stated that “this is due to two things: The first is to achieve its interests in other countries if a valuable opportunity is available to it, regardless of the place in which it was working. The second reason is “due to the political changes and events taking place in the country in which it was working and the conflict of interests between one country and another.”
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Added 12/31/2023 - 8:46 AM
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