Wednesday, August 30, 2023

THE COORDINATION FRAMEWORK REVEALS THAT THE DIFFERENCES OVER THE OIL AND GAS LAW HAVE BEEN OVERCOME, 30 AUGUST

 THE COORDINATION FRAMEWORK REVEALS THAT THE DIFFERENCES OVER THE OIL AND GAS LAW HAVE BEEN OVERCOME

(Really? Then why is the bill not yet before parliament for a vote? How many times must we hear this already over the last month. Then nothing happens or we find out later there are still pending issues.)
The leader in the coordination framework, Turki Jadaan, confirmed that half of the controversial paragraphs on the oil and gas law have been bypassed.
Jadaan said in a press interview followed by (Iraq Today), that “the number of outstanding points in the oil law reaches 14 points, half of which have been exceeded through meetings and discussions between specialized technical committees,” pointing out that “there is political support by all parties in order to overcome All differences and obstacles to reach a space of acceptance support the option to approve it during 2023.
He added, “The adoption of the law will address the challenges of smuggling and the influence of foreign companies and contribute to restoring the administration’s compass towards federalism, considering oil and gas as wealth for all Iraqi components.”
He pointed out that “discussions are currently taking place and there are expectations that a preliminary report will be submitted on the size of what has been achieved next September to the government in order to discuss the possibility of resolving what remains in coordination with the political forces.”
Oil and gas are among the important laws that have been postponed for 4 parliamentary sessions due to disagreements, and the government still has the purpose of coming up with substantive clauses that contribute to a consensus that leads to its approval.
DINAR IRAQ & DONG VIETNAM

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