MNT GOAT
😊Another interesting article is titled “AFTER YEARS OF SUSPENSION… IS THERE NO NEED TO LEGISLATE THE “OIL AND GAS LAW”?
In the article the talked about political conflicts that are escalating in Iraq, casting a shadow over the two-decade-old oil and gas law, disrupting efforts to regulate the exploitation of oil wealth and its distribution between the region and the central government.
In this context, the member of the Patriotic Union of Kurdistan, Ghiath Al-Surji, explained on Wednesday, the reasons for not legislating the oil and gas law, noting that the need to legislate such a law has disappeared, especially after the issuance of judicial decisions regarding the oil and exports file. Of course the author is wrong in this opinion.
Also do not forget about the recent agreements with Turkey, as the oil sold to Turkey was also a huge issue in formulating the law. But these issues should only help settle and not negate the necessity for the Oil and Gas Law.
Yes, there is still a need to get the referendum passed in parliament. This is not me saying this, instead it is the Iraqi 2005 Constitution. We have also read countless articles over the years, especially more recent ones.
The Oil and Gas Law referendum is REQUIRED by the Iraqi constitution, and they cannot just disregard it, poo-poo it if they so desire.
The U.S. and the UN is not going to let them. They must pass the law in parliament and settle this decades long issue of having a sound law regarding this major part of the government revenues.
Don’t you also think this would be a smart move too since they are still a rentier state?
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