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Al Noor News/ Baghdad
The Kurdistan Justice Group bloc in the Iraqi parliament suspended, on Wednesday, the decision of the Federal Supreme Court on the oil and gas law in the Kurdistan region.
The bloc said in its statement, of which Al-Nour News received a copy, that “with regard to the decision of the Federal Supreme Court (59 and 110) on the oil and gas law that pertains to the Kurdistan Region in the extraction, export and sale of oil and the termination of all contracts concluded between the Kurdistan Region and the oil-producing companies in the Kurdistan Region. The region and fixing the region’s dues in the state budget, and despite the annoyance of the state institutions in the region, the people of Kurdistan welcome this decision and hope it will be in their interest to improve their lives.”
The bloc added, “Unfortunately, the oil policy in the Kurdistan region was in the hands of a group of people, and the contracts were hidden without anyone knowing about them and how they are sold and where these funds go,” indicating, “Everyone knows that the regional government has never felt the suffering of the people.” The Sumo Company did not give the oil so that the people would get their share, and for this reason there was a major financial crisis after the federal government began cutting the region’s budget.”
And she indicated, “According to Law No. 22 of 2007 the Oil and Gas Law, four companies were supposed to be established to find and extract oil, gas and oil derivatives, but unfortunately for 15 years no action was taken in this regard, including the establishment of the Oil and Gas Revenue Fund, but it failed. The government did not invite the Office of Financial Supervision to audit this file.
She added, "We believe that the reason for issuing this decision at this time is the two parties in power and their incompatibility on positions, and the people are the biggest losers, and we support all decisions that are in the interest of the Kurdish people, their economy and their interests so that they can enjoy a decent life in the future."
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