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[size=36]A parliamentary committee clarifies the points of disagreement over the oil and gas law[/size]
Economy | 09:28 - 10/13/2023
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Mawazine News - Baghdad
The Parliamentary Oil and Gas Committee confirmed today, Friday, that efforts to legislate the oil and gas law, which has been stalled since 2005, are progressing slowly due to the controversial points not being resolved yet, while it clarified those points.
Committee member Zainab Al-Moussawi said, in a statement followed by Mawazine News, that “legislation of the oil and gas law is proceeding slowly as a result of controversial points, the most important of which is the management of the Kurdistan region’s oil fields and the financial revenues generated from selling oil and exporting abroad.”
She added, "There is a second controversial point that indicates that the management of national wealth, including those in the Kurdistan region, is by the federal government."
She continued, "Managing federal financial revenues and exporting Kurdish oil abroad through the National Oil Company (SOMO) are also controversial points that Erbil objects to."
She stressed, "There are ongoing dialogues between Baghdad and Erbil to overcome differences and approve the law that will draw the map of oil in Iraq again."
The Parliamentary Oil and Gas Committee confirmed today, Friday, that efforts to legislate the oil and gas law, which has been stalled since 2005, are progressing slowly due to the controversial points not being resolved yet, while it clarified those points.
Committee member Zainab Al-Moussawi said, in a statement followed by Mawazine News, that “legislation of the oil and gas law is proceeding slowly as a result of controversial points, the most important of which is the management of the Kurdistan region’s oil fields and the financial revenues generated from selling oil and exporting abroad.”
She added, "There is a second controversial point that indicates that the management of national wealth, including those in the Kurdistan region, is by the federal government."
She continued, "Managing federal financial revenues and exporting Kurdish oil abroad through the National Oil Company (SOMO) are also controversial points that Erbil objects to."
She stressed, "There are ongoing dialogues between Baghdad and Erbil to overcome differences and approve the law that will draw the map of oil in Iraq again."
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