Al-Tawki: Agreement on the region’s dues paves the way for broader understandings on the oil and gas law, 29 NOV

  Al-Tawki: Agreement on the region’s dues paves the way for broader understandings on the oil and gas law

Member of the Parliamentary Oil and Gas Committee, Kazem Al-Tawki, revealed an agreement that paves the way for broader understandings regarding the oil and gas law.

Al-Tawki told {Euphrates News} that: “The recent agreement with the Kurdistan region is considered a good initiative because the point of contention in the law was the issue of dues and the costs of extracting the region’s oil.”

He added, “It set a high ceiling for financial costs estimated at $22 to extract one barrel, although the costs of extracting oil in the south and the central government contracts do not exceed $12 as the highest cost.”