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Al-Allaibi relies on the law of the oil company: an important development
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The Ministry of Oil welcomed on Monday the inclusion of the law of the National Oil Company on the agenda of the House of Representatives and vote on its paragraphs in today's meeting.
Oil Minister Jabbar Ali al-Allaibi said in a statement received by "Economy News" that he hoped to complete the quorum for the session of the House of Representatives today to vote on the paragraphs of the draft law and approval, because it is a major national responsibility rests with all legislative and executive bodies for the development of oil industry and investment optimization Of national wealth.
Al-Allaibi said that "the Ministry of Oil completed earlier last year draft law of the National Oil Company and presented it to the Council of Ministers, which voted on March 14, 2017, and then transmitted it in turn to the House of Representatives to vote and approve."
He praised the decision of the Presidency of the Council to include the draft law on the agenda of the Council, appreciating the role and efforts of the Chairman and members of the Committee on oil and energy parliamentary and their keenness to expedite the presentation of the subject in the House of Representatives and vote on it for its importance in the development of oil industry in Iraq.
"The adoption of this law will constitute a new era for the oil industry, based on scientific methods, modern technology and the national management of the country's wealth," Al-Luaibi said. In order to support and develop the national economy. "
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