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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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date for approval of a very important law and the transfer of the oil and gas law to the next sessio

chouchou
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date for approval of a very important law and the transfer of the oil and gas law to the next sessio Empty date for approval of a very important law and the transfer of the oil and gas law to the next sessio

Post by chouchou Sun 21 Mar 2021, 12:02 pm

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{Economy: Al Furat News} A member of the Parliamentary Oil and Energy Committee for the Alliance of Iraqis, Sattar Al-Jabri, announced, on Sunday, the date of the vote on the Iraqi National Oil Company law after its second reading by the House of Representatives.

Al-Jabri said {to Euphrates News} that “the Iraqi National Oil Company law, which has been read {first and second}, will be submitted for a vote after the approval of the federal budget law for 2021,” describing it as “very important.”

He added, “As for the oil and gas law, the committee has sent a letter to the oil ministers, asking him to speed up sending it to the cabinet for the purpose of voting on it, and then transfer it to the parliament for preparation, maturation and passing it after the first and second reading.”

Al-Jabri also pointed out “the importance of the law prepared since 2007 in regulating oil revenues and revenues, which represents approximately 90% of the budget, and that in order to achieve justice in the distribution of wealth, this law, which has been delayed for years, must be approved.”

While he stressed “the committee’s keenness to complete this law and follow it up by the Ministry of Oil,” noting that “the law has many disagreements and differences and needs a long time to complete it,” suggesting that it will be transferred to the next parliamentary session.

The Speaker of Parliament, Muhammad al-Halbousi, confirmed the existence of stalled laws that the parliament will proceed to legislate, such as the oil and gas law, which is one of the laws stipulated in the constitution, and which will address the mechanism of dealing between Baghdad and Erbil and between Baghdad and the rest of the oil-producing provinces, and the law will be one of the council’s next priorities.

For its part, the Ministry of Oil stressed on the 25th of last February the importance of expediting the passage of the Federal Oil and Gas Law, noting that the law will work to regulate the management of oil and gas wealth in Iraq.

It is noteworthy that the Oil Ministry’s sudden announcement of the draft oil and gas law coincides with marathon negotiations between Baghdad and the Kurdistan region regarding the latter’s share in the 2021 budget and the mechanism for managing his oil file.


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