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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    It is long overdue.. The oil and gas law is about to be passed in agreement between Baghdad and Erbi

    Rocky
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    It is long overdue.. The oil and gas law is about to be passed in agreement between Baghdad and Erbi Empty It is long overdue.. The oil and gas law is about to be passed in agreement between Baghdad and Erbi

    Post by Rocky Mon 17 Jul 2023, 6:42 am

    [size=52]It is long overdue.. The oil and gas law is about to be passed in agreement between Baghdad and Erbil[/size]
    • Today 10:19




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    Information/Baghdad... 
    The lack of commitment of the Kurdistan Regional Government to oil exports and the quantities specified for export abroad, in addition to the loss of revenues and the lack of knowledge of the real numbers, prompted Baghdad in the last period to hold a meeting with Erbil in order to agree on specific mechanisms to ensure that oil is not smuggled and real revenues reach the capital.
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    Strengthening this agreement comes by proceeding with the legislation of the oil and gas law in order to bind the region to its paragraphs and punish it in the event of breach or export in a manner contrary to the law, which is expected to see the light during the next few period. 
    A member of the Oil and Gas Committee, Sabah Sobhi, told Al-Maalouma, “The draft oil and gas law is still with the government due to the outstanding political differences regarding the law, as it needs political consensus between all parties without exception. "

    Sobhi added, "There is an effort to create a suitable environment to solve some of the accumulated problems to proceed with the legislation of the law during the current parliamentary session."
    He pointed to "the continuation of work to solve problems with the law and put it on the parliament table for the purpose of discussion."  
    Representative Alaa Al-Haidari from the same committee confirms, during his interview with Al-Maalouma, that "the government program, and according to what was agreed upon by the State Administration Coalition, the oil and gas law will be legislated soon."
    Al-Haidari added, “The legislation of such a law is an urgent necessity, as it regulates the method of extracting oil and minerals throughout Iraq, including the Kurdistan region, as well as regulating oil revenues.”
    He continued, "This project is of economic importance and is bound to deliver oil revenues through the Federal Oil Marketing Company, as well as knowing the quantities exported, especially since there is an agreement between Baghdad and Erbil to legislate the law, and therefore the House of Representatives will work to legislate it during the next stage.

    On the other hand, a member of the Al-Fatah Alliance, Aed Al-Hilali, told Al-Maalouma, that "passing the oil and gas law from the House of Representatives will contribute to resuming the region's oil exports to Turkey by resolving all outstanding internal problems with Kurdistan.”
    Al-Hilali pointed out that "there is a serious effort by the committees set up by the government to negotiate with the Turkish side to resume oil exports." 

    Despite the economic importance of the Iraqi Oil and Gas Law, which has been awaiting legislation in Parliament since 2005, which stipulates that the responsibility for managing the country's oil fields must be entrusted to a national oil company, which is exclusively supervised by Baghdad, the Dispute is over the issue of managing the oil fields of the Kurdistan Region of Iraq. It was prevented from being voted on for many years. Ended / 25 n
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