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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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    Parliamentary Oil: Deep disagreements prevent the approval of the oil and gas law in the current par

    Rocky
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    • Post n°1

    Parliamentary Oil: Deep disagreements prevent the approval of the oil and gas law in the current par Empty Parliamentary Oil: Deep disagreements prevent the approval of the oil and gas law in the current par

    Post by Rocky Sat 07 Oct 2023, 7:01 am

    Parliamentary Oil: Deep disagreements prevent the approval of the oil and gas law in the current parliamentary session
    • Time: 10/07/2023 10:44:42
       
    • Read: 910 times

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    {Economic: Al-Furat News} A member of the Parliamentary Oil and Gas Committee ruled out approving the draft oil law in the current parliamentary session.
    Ali Saadoun Ghulam told Al-Furat News Agency, “Because of the differences between the center and the Kurdistan region, we rule out that the law will approve this parliamentary session.”
    He stated that "the differences are deep, in addition to the intervention and reservations of the oil-producing governorates regarding the law, and we expect that it will not be approved due to the depth of the differences between the center and the region."
    Ghulam explained, "In the beginning, there was a difference in viewpoints, but now, after reviewing the important controversial points, we expect that there will be difficulty in approving the law this session."
    It is noteworthy that since the first session of the House of Representatives, in 2005, the draft oil and gas law has been locked up, as disagreements prevent its approval in its final form.
    After 18 years, he announced, in late last August, the formation of a committee to develop “a draft of the oil and gas law and present it to the government and the House of Representatives.” 
    The committee that was formed between Baghdad and Kurdistan to draft a draft law for oil and gas includes “the Minister of Oil, the Minister of Natural Resources in the region, the Director General of SOMO Company, and the advanced staff in the Ministry of Oil, as well as the oil-producing governorates such as Basra, Dhi Qar, Maysan, and Kirkuk.”
    The Prime Minister, Muhammad Shiaa Al-Sudani, said in early August that “the draft oil and gas law is one of the basic and important laws that represents a factor of strength and unity for Iraq, and it has been stuck for years, at a time when the country today is in dire need of its legislation and to benefit from this natural wealth.” In all fields and sectors, in addition to the contribution of the legislation to solving many outstanding problems.”
    He explained, "There are governorates whose wealth has not been invested to date, which is considered negative for development efforts in all their paths."
    Meanwhile, the financial advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed in a press statement that “accelerating the approval of the federal oil and gas project law in the House of Representatives as quickly as possible will establish a stable national road map for investment and production of the country’s primary sovereign resource, which is oil and gas.”
    Iraq exports an average of 3.3 million barrels of crude oil per day, and black gold constitutes more than 90 percent of the Iraqi treasury’s resources.
    From.. Raghad Dahham
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