Tuesday, July 4, 2023

DINAR IRAQ & DONG VIETNAM UPDATE, 4 JULY

 Parliament is moving to launch a “bullet of mercy” for the disputes between Baghdad and Erbil

2023-07-03 06:36

Parliament is moving to launch a bullet of mercy for the disputes between Baghdad and ErbilShafaq News/ A member of the Oil and Gas Committee in the Iraqi parliament, Ali Abdul Sattar al-Mashkoor, suggested, on Monday, the approval of the oil and gas law during the current parliamentary session, considering the passage of this law as a “bullet of mercy” for all financial and oil disputes between Baghdad and Erbil.

The oil and gas law, which has been stalled in the Iraqi parliament since its first session until today, is one of the most prominent points on which a preliminary agreement was reached between the two sides, but there are signs of disagreement that may affect the possibility of passing it.

The oil and gas law in Iraq, which has been awaiting legislation in parliament since 2005, stipulates that the responsibility for managing the country’s oil fields must be entrusted to a national oil company, and it is supervised by a federal council specialized in this matter.

Al-Mashkoor told Shafaq News agency, “The oil and gas law has been returned to the cabinet to amend some of its paragraphs, pending the completion of the amendments and putting it to vote during the current parliamentary session.”

He added, “The law will regulate the oil and financial relationship between the provinces and districts and between the Kurdistan Regional Government and the federal government,” stressing that “the main reason for spinning the wheel of the oil and gas law and its approval after 18 years of deportation and postponement, is to end the eternal dispute between the federal government and the Kurdistan Regional Government.”

A member of the Parliamentary Oil and Gas Committee promised that the approval of the oil and gas law would be a “bullet of mercy” for all financial and oil disputes between Baghdad and Erbil.

Regarding the political differences that may arise in conjunction with passing the paragraphs of the law, Al-Mashkoor believed that “every law is not devoid of existing political differences and tensions, and it is not possible to reach absolute acceptance by all parties of the enacted laws.”

shafaq.com

No comments:

Post a Comment