Disclosure of the date of approval of the oil and gas law
7-2-2023
Disclosure of the date of approval of the oil and gas lawInformation/Exclusive..
Member of the Parliamentary Oil and Gas Committee, Intisar Al-Jazaery revealed, on Sunday, the date for approving the oil and gas law that regulates the export of natural resources, while confirming that the Kurdish parties, after passing many paragraphs, have surrendered to the fait accompli regarding the extraction and export of oil.
Al-Jazaery said in an interview with Al-Maalouma agency, “The Parliamentary Oil and Gas Committee is determined to approve the region’s oil law immediately after the parliament’s legislative recess,” noting that “Iraq is exposed to great losses as a result of the continued disruption of Kurdistan’s oil exports.
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And she continued, “The adoption of the law will regulate the mechanism for exporting Kurdistan’s oil through the National Oil Company (SOMO),” pointing out that “the Kurdish parties, after passing many paragraphs, have surrendered to the fait accompli regarding the extraction and export of oil.”
And she added, “The government and the relevant authorities have not yet determined the port through which oil exports will resume. Is it the Ceyhan port, or the change to one of the other outlets?”
Member of the House of Representatives, Zahra Al-Bajari, had revealed, in an interview with Al-Maaloumah Agency, that the Kurdistan region continued to smuggle oil abroad in several alternative ways than it was in previous years, while she confirmed that wherever the money was found, there were files of corruption in the departments that support oil smuggling.
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Al-Aqili: The oil and gas law is the country’s safety valve
7-2-2023
Al-Aqili - The oil and gas law is the countrys safety valveInformation/exclusive..
The political analyst Sabah Al-Ugaili considered, on Sunday, that approving the oil and gas law will be Iraq’s safety valve in the next stage, while stressing that passing the law will work to end all crises that occur regarding the export of Kurdistan’s oil.
Al-Aqili said in an interview with the information agency, “The approval of the law will redraw the road map for the distribution of wealth among all components,” noting that “there is a preliminary agreement between the political blocs on the need to pass the oil and gas law in conjunction with the approval of the general budget law.”
And he went on: “The parliament will work to create an atmosphere that precedes the agreement of the political forces to approve the oil and gas law,” noting that “passing the law will work to end all crises that occur regarding the export of oil.”
Regarding the importance of passing the law under the dome of parliament, Al-Aqili explains: “Voting on the oil and gas law will be the country’s safety valve during the next stage,” pointing out that “it will lead to work on removing many obstacles facing the work of governments or the movement of their formation.”
A member of the Parliamentary Oil and Gas Committee, Intisar Al-Jazaery, confirmed in an interview with Al-Maalouma Agency, that “the Parliamentary Oil and Gas Committee is determined to approve the region’s oil law immediately after the legislative recess of Parliament, adding that the Kurdish parties, after passing many paragraphs, have surrendered to the fait accompli.” On the extraction and export of oil.
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Ninth in the world.. How much is the market value of Iraq’s wealth estimated?
7-1-2023
Ninth in the world.. How much is the market value of Iraqs wealth estimatedInformation / Baghdad..
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, estimated, on Saturday, the market value of Iraq’s resources and their sequence at the level of the countries of the world.
Saleh said, in a statement to the official agency, which was seen by Al-Maaloumah, that “Iraq is one of the most important countries in the world, if not at the forefront of nations rich in natural resources or raw materials within the scope of the international classification of resources on the globe.”
He added, “Iraq is in the (ninth) sequence among the priority of countries in the world that possess natural diversity and economic quantities in the capacity of raw material reservoirs that can be manufactured and exported or national industrial use.”
And Saleh continued: “As the circles estimate that the market value of those raw wealth in our country may exceed 15 trillion dollars at the current value, compared to about 45 trillion dollars for the United States of America, which is (the second) globally, and 75 trillion dollars for the Russian Federation, which is (the first) globally.”
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