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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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    International and international pressure to approve the oil and gas law

    Rocky
    Rocky
    Rocky
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    • Post n°1

    International and international pressure to approve the oil and gas law Empty International and international pressure to approve the oil and gas law

    Post by Rocky Sat 21 Oct 2023, 10:31 am

    International and international pressure to approve the oil and gas law
    • Time: 10/21/2023 18:11:32
       
    • Read: 195 times

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    {Politics: Al-Furat News} The leader of the Kurdistan Democratic Party, Wafa Muhammad Karim, revealed international and international pressure to approve the oil and gas law.
    A useful summary of important news can be found on the Al-Furat News channel on Telegram. [You must be registered and logged in to see this link.]
    Karim told Al-Furat News that: “The issue of approving the oil and gas law cannot be skipped if there is no political agreement on the draft law.”
    He added, "At the present time, there are political parties that are not served by approving the law, but there is international and UN pressure on the government to approve the law."
    Karim explained that this was due to “Iraq’s position as the second oil-producing country in OPEC, with exports of 4 million and 250 thousand barrels, and it does not yet have an oil export law.”
    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.”
    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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