10:25 - 06-08-2022
The Parliamentary Oil and Gas Committee announced that Iraq incurred losses amounting to 12 trillion dinars annually as a result of licensing rounds.
The Deputy Chairman of the Oil, Gas and Natural Resources Committee, Ali Al-Machkour, said that "Iraq has incurred losses amounting to 12 trillion dinars annually as a result of the licensing rounds," noting that "the committee will work to amend it during the next stage."
Al-Maskour added, "The licensing rounds contracts are nothing but a (complete mistake), and Iraq's only gain is for the working staff to benefit from international expertise and to work according to the internationally known oil companies system."
He stressed that "the licensing rounds contracts are ambiguous, and we seek to review them to study the possibility of correcting them in a way that does not harm the country's interest, so that Iraq does not become an environment expelling investment," noting that "the licensing rounds are contracts of submission and wrong implementation and planning, and the general benefit of the country through them does not exceed 10%, as well as It did not serve the oil-producing governorates.
He explained that "the committee in charge of regulating contracts neglected the pollution resulting from the emissions of extracted oil, and that is why we are witnessing many diseases related to this issue, such as cancer and respiratory diseases," noting that "the committee will communicate with all oil companies while setting new standards for work, and seeking to allocate funds to treat those affected by the operation." Extracting oil and gas carried out by companies within the oil-producing governorates, and obligating all companies to do so.
And he indicated that "the committee will also work to dismantle the networks controlling these companies, and the lines that marginalize the work of the parliamentary committees, to go to the fairness of the Iraqi product and the citizen in the face of unfair licensing rounds for the people and wasted wealth."
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