Parliamentary Committee: Budget Amendments Limited To Article On Cost Of Extracting Region’s Oil

 Parliamentary Committee: Budget Amendments Limited To Article On Cost Of Extracting Region’s Oil

House of Representatives Building

Money and business  Economy News – Baghdad The Parliamentary Legal Finance Committee confirmed, on Sunday, that there is no fundamental change in the budget law, while indicating that the amendments were limited to Article 12 regarding the cost of extracting oil in the Kurdistan Region.

Member of the Parliamentary Finance Committee, Mustafa Al-Karawi, said in a statement reported by the official news agency, and seen by “Al-Iqtisad News”, that “the amendments sent by the Prime Minister’s Office and the Council of Ministers were limited to Article (12) related to the cost of extracting oil in the Kurdistan Region.”

He explained that "the amended article is supposed to come into effect soon, which will allow the start of exporting oil from the region's wells through SOMO," 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 of the previous specializations and texts."  https://economy-news.net/content.php?id=52636