"THE PROGRESS ON THE OIL AND GAS LAW REMANS STALLED DUE TO ONGOING POLITICAL DISAGREEMENTS" BY DINAR REVALUATION, 14 AUGUST

 Parliamentary Wealth: Oil And Gas Law Stalled In Government Halls

Economy  Information / Baghdad..   Deputy Chairman of the Oil, Gas and Natural Resources Committee, Nehru Rawandozi, revealed today, Wednesday, the latest developments related to the legislation of the oil and gas law according to the political agreement between Baghdad and Erbil.

Rawandozi told / Al-Maalouma / agency, "The legislation of the law was part of the political agreement paper on the basis of which the current government was formed, but the issue of its legislation still faces many differences."

He added that "the committees formed by the government have not completed their work in full, which hinders sending the draft of the oil and gas law to the Council of Representatives."

He pointed out that "there are political differences over the draft of the oil and gas law between the center, the region and the oil-producing provinces, noting that there is a government committee formed by the Prime Minister consisting of representatives of the three main components in Iraq: Shiites, Sunnis and Kurds."

He pointed out that "the committee tasked with preparing the draft law has not completed its work in full so far, which hinders sending the draft law to the Council of Representatives." LINK

ANALYSIS:

The progress on the oil and gas law in Iraq remains stalled due to ongoing political disagreements and incomplete work by the relevant committees. 

According to Nehru Rawandozi, Deputy Chairman of the Oil, Gas, and Natural Resources Committee, the legislation of this law was intended to be a key part of the political agreement underpinning the current government formation. 

However, the drafting and approval process faces significant hurdles.

Rawandozi highlighted that the committees responsible for preparing the draft law have not finalized their work.

 This delay is attributed to political differences among various groups, including the central government, regional authorities, and oil-producing provinces. 

Additionally, a government committee, which includes representatives from the Shiite, Sunni, and Kurdish communities, is struggling to resolve these differences and complete the draft.

As a result, the draft law has yet to be presented to the Council of Representatives, further impeding progress on this critical issue.