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Parliamentary Committee announces seeking to amend the Oil Ministry Law
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Economy News - Baghdad
[rtl]The Parliamentary Oil and Gas Committee announced today, Friday, a move to amend the Ministry of Oil Law 101 of 1976, while indicating that the draft will be presented to the Council of Ministers soon.[/rtl]
[rtl]MP Basem Naghmish, a member of the Oil and Gas Committee, said in an interview with the official media that “a subcommittee was formed within the Oil and Gas Committee, specialised in reviewing the legislation related to the oil sector, and it was called the ‘Oil Legislation Committee’.”[/rtl]
[rtl]He explained that "the committee is working on reviewing several laws, with the aim of amending them to suit the current requirements of the oil sector," indicating that "among these laws is the Oil Ministry Organization Law No. (101) of 1976, which is considered an old law to which about three amendments were made, the last of which was in 1982."[/rtl]
[rtl]He added, "The ministry witnessed many technological and administrative developments during the period after 2003, as the work of the Ministry of Oil expanded and formations multiplied, in addition to the creation of some formations."[/rtl]
[rtl]He pointed out that "the draft law amendment is still in the preparation phase, and cooperation is being done with a foreign consultant contracted with the ministry to provide his comments, and then the draft will be submitted to the Council of Ministers and to the consultants, and then to the State Council, in order to study the extent of its consistency with the legal system in the country."[/rtl]
[rtl]He continued, "After that, the draft will return to the Council of Ministers and then to the House of Representatives to complete the legislative procedures."[/rtl]
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Added 11/01/2024 - 2:16 PM
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Economy News - Baghdad
[rtl]The Parliamentary Oil and Gas Committee announced today, Friday, a move to amend the Ministry of Oil Law 101 of 1976, while indicating that the draft will be presented to the Council of Ministers soon.[/rtl]
[rtl]MP Basem Naghmish, a member of the Oil and Gas Committee, said in an interview with the official media that “a subcommittee was formed within the Oil and Gas Committee, specialised in reviewing the legislation related to the oil sector, and it was called the ‘Oil Legislation Committee’.”[/rtl]
[rtl]He explained that "the committee is working on reviewing several laws, with the aim of amending them to suit the current requirements of the oil sector," indicating that "among these laws is the Oil Ministry Organization Law No. (101) of 1976, which is considered an old law to which about three amendments were made, the last of which was in 1982."[/rtl]
[rtl]He added, "The ministry witnessed many technological and administrative developments during the period after 2003, as the work of the Ministry of Oil expanded and formations multiplied, in addition to the creation of some formations."[/rtl]
[rtl]He pointed out that "the draft law amendment is still in the preparation phase, and cooperation is being done with a foreign consultant contracted with the ministry to provide his comments, and then the draft will be submitted to the Council of Ministers and to the consultants, and then to the State Council, in order to study the extent of its consistency with the legal system in the country."[/rtl]
[rtl]He continued, "After that, the draft will return to the Council of Ministers and then to the House of Representatives to complete the legislative procedures."[/rtl]
249 views
Added 11/01/2024 - 2:16 PM
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