Parliamentary plan to accelerate the adoption of the oil and gas law

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[size=52]Parliamentary plan to accelerate the adoption of the oil and gas law[/size]

[size=45]Yesterday, Sunday, a specialized parliamentary committee revealed a plan to expedite the approval of the oil and gas law, stressing that the existence of this law is sufficient to resolve financial disputes between the federal government and the Kurdistan region.[/size]
[size=45]“The oil and gas law was prevented from being passed due to the presence of major political differences and a small technical side,” Haibat al-Halbousi, head of the Oil, Energy and Natural Resources Committee, said, in a statement to the official news agency.[/size]
[size=45]Al-Halbousi added, "The committee set a course of action to visit the heads of political blocs, to expedite the enactment of the law and present its vision."[/size]
[size=45]He pointed out, "The oil and gas law serves all Iraqis and not a specific party, because oil and mineral investments belong to all the people."[/size]
[size=45]Members of the Oil, Gas and Natural Resources Committee in the House of Representatives said, earlier, that 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.[/size]
[size=45]For his part, committee member MP Bahaa Al-Nouri said, "The federal government has formed a specialized committee in order to end the oil dispute with the Kurdistan region."[/size]
[size=45]Al-Nouri continued, "The committee met with the delegation of the Kurdistan region, and the committee was headed by the Minister of Oil, and many discussions took place in order to solve this controversial problem that faces us in every budget."[/size]
[size=45]He stressed, "The only solution we can proceed with is the legislation of the oil and gas law, in order to regulate the relationship well, and for everyone to know what they have and what they have."[/size]
[size=45]Al-Nouri said, "The Parliamentary Oil Committee seeks to pass this law to end this dispute, which if it remains and in this way will affect the process of approving the budget as well as the share of the Kurdistan region," stressing the need to "find a mechanism that satisfies everyone."[/size]
[size=45]In addition, committee member Bassem Al-Gharibawi said, “The government’s approach included approving the oil, gas and natural resources law.”[/size]
[size=45]Al-Gharibawi added, "The government has become obligated to move in this direction, and to initiate this law because it is one of the most important laws that will address the most important contentious issues between the federal government, the Kurdistan Regional Government, and the provinces not associated with a region." He pointed out that the legislation of the oil and gas law will "contribute significantly to resolving disputes and problems and regulating the oil wealth, which is the only revenue for Iraq."[/size]
[size=45]Al-Gharibawi talked about "reaching an agreement on the committee's field visits to political leaders, to inform them and notify them of the need to legislate the oil and gas law," noting that "technical matters between Baghdad and Erbil are proceeding properly."[/size]
[size=45]And Al-Gharibawi went on to say, “Obstacles related to oil management, the Oil Union Council and other issues that are essentially a point of previous contention and need consensus and political intervention by leaders to resolve issues.” It is noteworthy that the Iraqi constitution provided for the legislation of a law regulating the oil relationship between the federal government and the regions and governorates, but this law has not been approved until the present time due to political differences.[/size]
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