KTFA
FRANK26: "EXCUSE ME USA... WHAT PART DO YOU HAVE IN THIS OIL?".......F26
Parliamentary Finance Committee discusses with US delegation the file of contracts of foreign oil companies operating in Kurdistan
2/6/2025
Baghdad
The Finance Committee of the Council of Representatives discussed, on Wednesday, with an American delegation the file of contracts of foreign oil companies operating in the Kurdistan Region of Iraq.
The media office of the head of the committee said in a statement received by "Mawazine News": "The head of the Finance Committee, Atwan Al-Atwani, received a delegation from the US Embassy headed by Julie Jones, the economic advisor to the embassy,
and Chris Torres, advisor to the Iraqi Council of Representatives file in the political department."
The statement added that "the meeting discussed the details of amending Article 12 of the Federal General Budget Law related to oil production and export, in addition to the financial challenges facing the country and preparations for preparing and approving the 2025 budget schedules."
He continued, "The meeting discussed the file of contracts of foreign oil companies operating in the region, and some details related to oil production and export, within the framework of amending the general budget law that the Council of Representatives recently voted on, as a first step to resolve the oil disputes between Baghdad and Erbil and in line with the Iraqi constitution."
Al-Atwani stressed, according to the statement, "the necessity for the region to commit to paying its financial dues to the central government in exchange for receiving its entitlements, including employee salaries and project financing, to end financial disputes," renewing the Finance Committee's keenness to "end all disputes and stop oil smuggling; due to its negative impact on the country's financial stability."
The statement explained that "the meeting witnessed a discussion of the timing of approving the budget schedules for the year 2025; with the aim of launching projects according to the specified timetable, with an emphasis on increasing non-oil revenues, reducing spending on non-essential projects, investing in service and educational projects, and supporting the private sector." (TIMING OF BUDGET SCHEDULES!!! -F26)
