To prevent wasting money, a parliamentary committee calls on the government to expedite sending the oil law, 3 JAN

  To prevent wasting money, a parliamentary committee calls on the government to expedite sending the oil law

Information / Baghdad..
On Tuesday, member of the Oil, Gas and Natural Resources Committee, Nazem Al-Shibli, stressed the need for the government to expedite sending the oil and gas law to the committee for study and approval to control the pace of revenues from the sale of oil.

Al-Shibli said in an interview with the Al-Ma’louma Agency, “The Oil and Gas Law regulates the method of extracting oil and oil revenues in accordance with the interpretations of the Iraqi Constitution in the section on the distribution of natural resources.”

He added, “The government is required to send the oil and gas law for study and approval in the House of Representatives to control the pace of oil exports.”

He explained that “enacting the law is sufficient to resolve disputes between the region and the center,” stressing that “accelerating the adoption of the oil and gas law is a guarantee in the export, sale and investment of Iraqi oil wealth, not that it remains without a law.”

In a previous statement to Al-Maalouma, former MP Jassem Al-Bayati accused the Kurdistan Region of obstructing the passage of any consensual formula regarding the oil and gas law, indicating that the rampant corruption in the Kurdistan oil sector is one of the most important reasons for the delay in passing the law.

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