“The Great (proverbial) Knot has not yet been resolved.” Committee: Oil and gas law has not reached parliament yet
(Oh…but the Bruce’s Big Stupid Call told his listeners the other night that Iraqi citizens in the US are going to get very large sums of HCL money uner the sharing of oil revenues HCL. Really? How this going to happen as they have not even passed the Oil and Gas law better known as the HCL. Here is yet more proof he is lying and is sources are playing head games with him too. They are all idiots! ☹)
{Economic: Euphrates News} A member of the Parliamentary Oil, Gas and Natural Resources Committee, Adnan Al-Jabri, confirmed on Thursday that the oil and gas law is still included in the Council of Ministers and has not yet reached the House of Representatives to vote on it.
Since the first session of the House of Representatives, in 2005, the draft oil and gas law has been locked in drawers, with disagreements preventing its final passage.
Al-Jabri told Al-Furat News: “The oil and gas law is still included in the Council of Ministers and has not yet reached Parliament, but there are follow-ups from specialized committees formed by the Council of Ministers.”
He added: “When the law reaches parliament, it will be read a first reading, and then it will be discussed and studied by the committee to be presented for second reading.”
He pointed out that “it is not possible to talk about the transfer of the project because so far it has not reached the House of Representatives and the committees of the Council of Ministers discuss it in the presence of the provinces heading to typeset the draft law and vote on it in the Council of Ministers and then send it to Parliament.”
Iraq exports an average of 3.3 million barrels of crude oil per day, and black gold accounts for more than 90 percent of the state treasury.
(Don’t you think they need a law to govern this wealth?)
Iraq’s draft oil and gas law, which is available to parliament, stipulates that responsibility for managing the country’s oil fields should be vested in a national oil company and supervised by a specialized federal council.
Prime Minister Mohammed Shia al-Sudani said in early August that “the draft oil and gas law is one of the basic and important laws, representing 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 benefit from this natural wealth, in all fields and sectors, as well as the contribution of the legislation of the law in solving many outstanding problems.”
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