STATUS OF THE RV. PART. 4
What else is in the news?
The Federal Ministry of Oil announced yesterday, Sunday, the completion of the necessary procedures to complete the export of oil produced in the Kurdistan Region via the Turkish port of Ceyhan,
stressing that this step comes in accordance with the mechanisms specified in the budget law and its amendment, and within the production ceiling set for Iraq in the OPEC organization.
The Kurdistan Regional Government’s negotiating delegation responded to the Ministry of Oil’s announcement by calling on the federal government to implement its obligations before proceeding with the oil export process.
The delegation explained that despite the regional government’s confirmation of its commitment to implementing the first amendment law to the federal general budget law, which relates to re-exporting oil produced from the region’s fields to the Turkish port of Ceyhan via SOMO,
implementing the law requires agreement on several basic points, including determining the quantities allocated for local consumption in the region, in line with actual needs, similar to the rest of Iraq,
and establishing a clear and specific mechanism for paying the dues of production and transportation companies to the regional government, in accordance with what is stated in the law.
☹ Another article titled “PARLIAMENTARY WEALTH REVEALS WHO IS RESPONSIBLE FOR SUSPENDING THE OIL AND GAS LAW”. A Member of the Parliamentary Oil, Gas and Resources Committee, Basem Al-Gharibawi, revealed today, Sunday, who is responsible for obstructing the legislation of the Oil and Gas Law, stressing that the region’s failure to comply is delaying the legislation of the law.
Al-Gharibawi said in a statement to / Al-Maalouma / agency, that “the political dispute between Baghdad and Erbil is obstructing the legislation of the Oil and Gas Law.
Da….no kidding!!! I hope that every one of my readers can see how important the article in the Iraqi constitution is that specifies the referendum for the Oil and Gas Law and how screwed up things can get when the constitution is not implemented in a timely manner.
Also we can now see why this referendum is needed prior to the reinstatement happening. I rest my case….