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Deputy: It is too early to talk about a federal oil and gas law
Iraq 01/31/2023
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Baghdad: Shaima Rashid
The Parliamentary Oil and Gas Committee considered that the oil and gas law is a controversial law for nearly 15 years and has not been enacted until now, indicating that it is too early to talk about enacting this law during the coming period, as it has not been resolved by the government.
A member of the committee, Bassem Naghimish, said in an interview with “Al-Sabah”: “The oil and gas law is a law carried over from the previous sessions and was not presented in the committee and was not placed for the first reading. ".
Ngemish added, "This law has been the subject of a dispute between political forces since 2003 until today," explaining that these differences "is summarized in the existence of eleven points, which were later reduced after long negotiations to only five, most of which relate to the management of fields and wells, the distribution of revenues, and others."
He continued, "The draft law has not yet entered into discussion in the Oil and Gas Committee, as it has not been resolved by the government."
Edited by: Ali Abdel-Khalek
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