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.

Join the forum, it's quick and easy

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

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Why was the oil and gas law not legislated earlier? An expert explains

    Rocky
    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 278350
    Join date : 2012-12-21
    • Post n°1

    Why was the oil and gas law not legislated earlier? An expert explains Empty Why was the oil and gas law not legislated earlier? An expert explains

    Post by Rocky Sat 05 Aug 2023, 7:18 am

    Why was the oil and gas law not legislated earlier? An expert explains
    [You must be registered and logged in to see this link.] |Today
    [You must be registered and logged in to see this image.]

    +A
    -A


    Baghdad today - Baghdad 
    Today, Saturday (August 5, 2023), economist Nabil Al-Marsoumi explained the reasons for not enacting the oil and gas law previously, while pointing to five points that impede its approval.    
     political differences 
    Al-Marsoumi said in a post followed by "Baghdad Today": "Although two versions of the draft oil and gas law were issued, one in 2007 and the other in 2011, no oil and gas law has been legislated in Iraq due to the great difference between the political forces on many issues." 
    He pointed out that "the most prominent of these differences is giving the region the authority to license in the field of exploration and development of discovered undeveloped fields," noting that "this is contrary to the jurisdiction of the National Oil Company, which leads to a conflict between the jurisdiction of the region and the National Oil Company and the jurisdiction of the Ministry of Oil."
    He added, "This discrepancy would prevent the existence of a unified system for contracts in the different regions of Iraq, and giving the regions the right to conclude licensing contracts prevents the implementation of a federal policy for oil and gas, and there will be two oil policies, one in the center and the other in the region." 
     Article (112 First) 
    And Al-Marsoumi indicated that "there is a major disagreement in the interpretation of Article (112/First) of the constitution, which requires the central authority to manage the oil and gas extracted from the current fields in coordination with the regions. Developed as well as exploration blocks, and this understanding leads to the interpretation of the regions that he will take over the management of oil and gas. 
    He continued by saying: "Giving the validity of licenses for oil operations for exploration and production contracts in the center and the regions after presenting the initial contract to the Federal Council, leads to duplication in oil policy and affects the economic policy of Iraq due to the potential difference of visions between the Federal Council and the Ministry of Oil." 
     negotiating side 
    He pointed out that "giving an important aspect of the negotiating role of the Federal Oil and Gas Council and its tasks to the Kurdistan region and the irregular oil-producing cities in a region may weaken the negotiating role of Iraq and exacerbate the risks surrounding the implementation of a unified strategy in the country." 
    And he stressed that "in the event of the loss of a unified central policy, competition and disagreement will prevail between the National Oil Company and between the regions and governorates, which will lead to disagreement instead of cooperation that guarantees the unity of the people and the country, while the constitution gave the task of managing oil and gas wealth to the federal government in partnership with the regions and governorates." 
     government movement 
    And on (August 2, 2023), the Prime Minister, Muhammad Shia Al-Sudani, held a meeting dedicated to discussing the draft federal oil and gas law, in preparation for its approval by the Council and its submission to Parliament. 
    The media office of the Prime Minister stated, in a statement received by "Baghdad Today," that "the meeting witnessed a review of the latest drafts of the draft law, its details and provisions, and what the technical and legal committees have worked on, and work to mature the final draft of the law, in preparation for its approval in the Council of Ministers, and submitting it to the House of Representatives." to legislate it, according to the legal and constitutional contexts.
    [You must be registered and logged in to see this link.]
    • Back to top
      Current date/time is Tue 01 Oct 2024, 1:37 am