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Al-Sudani announces a draft of the oil and gas law and sets its date
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2023-02-07 10:33
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Shafaq News/ The Prime Minister, Muhammad Shia' al-Sudani revealed, on Tuesday evening, that there is a draft of the oil and gas law that is being reviewed between Baghdad and Erbil to prepare it and then approve it.
Al-Sudani said during the weekly press conference, which was attended by Shafaq News Agency, "The oil and gas law is one of the government's obligations, and there is a draft law being circulated between the Federal Ministry of Oil and the Ministry of Natural Resources in Kurdistan Region."
He pointed out that "after approving the budget law, the draft oil and gas law will be discussed."
Al-Sudani announced, "The cabinet agreed to sign a fifth licensing round with a final signature for natural gas investment."
And he indicated that "the natural gas investment project is one of the important projects that have been suspended for four years, and it provides a quarter of the amount of imported gas within 15 days of its implementation, and Iraqi natural gas can be relied upon during the next two years as a substitute for imported gas and covers all local needs."
The oil and gas law is one of the most important reasons for the differences between Baghdad and Erbil, and over the course of previous governments and parliamentary sessions, the political blocs did not agree on a final version of this law.
The Federal Supreme Court (the highest judicial authority in Iraq) had previously issued an order stating that the Kurdistan Region is not entitled to export its oil without referring to the Federal Ministry of Oil, which caused tension between Baghdad and Erbil.
[You must be registered and logged in to see this link.]
[You must be registered and logged in to see this image.]
2023-02-07 10:33
Share
Font
Shafaq News/ The Prime Minister, Muhammad Shia' al-Sudani revealed, on Tuesday evening, that there is a draft of the oil and gas law that is being reviewed between Baghdad and Erbil to prepare it and then approve it.
Al-Sudani said during the weekly press conference, which was attended by Shafaq News Agency, "The oil and gas law is one of the government's obligations, and there is a draft law being circulated between the Federal Ministry of Oil and the Ministry of Natural Resources in Kurdistan Region."
He pointed out that "after approving the budget law, the draft oil and gas law will be discussed."
Al-Sudani announced, "The cabinet agreed to sign a fifth licensing round with a final signature for natural gas investment."
And he indicated that "the natural gas investment project is one of the important projects that have been suspended for four years, and it provides a quarter of the amount of imported gas within 15 days of its implementation, and Iraqi natural gas can be relied upon during the next two years as a substitute for imported gas and covers all local needs."
The oil and gas law is one of the most important reasons for the differences between Baghdad and Erbil, and over the course of previous governments and parliamentary sessions, the political blocs did not agree on a final version of this law.
The Federal Supreme Court (the highest judicial authority in Iraq) had previously issued an order stating that the Kurdistan Region is not entitled to export its oil without referring to the Federal Ministry of Oil, which caused tension between Baghdad and Erbil.
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