Sunday, February 9, 2025

Parliamentary Committee: Budget Amendments Limited to the Article on the Cost of Extracting Oil in the Region, 9 FEB

 Parliamentary Committee: Budget Amendments Limited to the Article on the Cost of Extracting Oil in the Region

    Baghdad-INA  
     
    The Parliamentary Finance Committee confirmed today, Sunday, that there is no fundamental change in the budget law, while indicating that the amendments were limited to Article 12 on the cost of extracting oil in Kurdistan Region.
     
    A member of the Parliamentary Finance Committee, Mustafa Al-Karaawi, told the Iraqi News Agency (INA): that "The amendments sent by the Prime Minister and the Council of Ministers were limited to Article (12) related to the cost of extracting oil in Kurdistan Region."
     
    He explained that "the amended article is supposed to enter into force soon, which allows the direct export of oil from the region's wells through (SOMO) company," indicating that "according to the recent amendments, there is no fundamental change in the budget law, and no new appointments have been included, but it is possible for the government to move within the budget schedules to reactivate some previous specializations and texts."

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