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Legislation has been waiting for 18 years. An agreement between Baghdad and Erbil to approve the oil and gas law
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Economy News - Baghdad
The Oil, Gas and Natural Resources Committee in the House of Representatives confirmed, on Monday, the existence of an agreement between Baghdad and Erbil to legislate the oil and gas law in Parliament.
Committee member Zainab al-Moussawi said, "There is an agreement between Baghdad and Erbil to legislate the federal oil and gas law," indicating that "the House of Representatives will work to legislate it during the upcoming legislative chapters."
Al-Moussawi pointed out that "the federal oil and gas law guarantees the rights of the oil-producing governorates in the center and south."
She added, "Discussions are underway about a draft law to finally resolve the differences between the center and the region," pointing out that "the law will include the delivery of oil revenues from the region, amounting to approximately 500,000 barrels per day, to the public treasury."
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Added 03/27/2023 - 7:00 PM
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Economy News - Baghdad
The Oil, Gas and Natural Resources Committee in the House of Representatives confirmed, on Monday, the existence of an agreement between Baghdad and Erbil to legislate the oil and gas law in Parliament.
Committee member Zainab al-Moussawi said, "There is an agreement between Baghdad and Erbil to legislate the federal oil and gas law," indicating that "the House of Representatives will work to legislate it during the upcoming legislative chapters."
Al-Moussawi pointed out that "the federal oil and gas law guarantees the rights of the oil-producing governorates in the center and south."
She added, "Discussions are underway about a draft law to finally resolve the differences between the center and the region," pointing out that "the law will include the delivery of oil revenues from the region, amounting to approximately 500,000 barrels per day, to the public treasury."
424 views
Added 03/27/2023 - 7:00 PM
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