STATUS OF THE RV ,PART 6
Will Iraq get the Oil and Gas Law passed soon?
😊 The next hot topic of the week is found in the article titled “PARLIAMENTARY COMMITTEE CALLS ON GOVERNMENT TO REFER OIL AND GAS LAW TO PARLIAMENT IMMEDIATELY”.
The Deputy Chairman of the Parliamentary Oil and Gas Committee, Adnan Al-Jaberi, called on the government on Thursday, to expedite the referral of the Oil and Gas Law to the Council of Representatives, stressing that its legislation is an essential step to regulate the management of oil wealth and ensure the fair distribution of revenues between the federal government and the producing regions and governorates.
Then another article came out following this one titled “PARLIAMENTARY OIL COMMITTEE RULES OUT PASSING OIL AND GAS LAW DURING CURRENT SESSION”. The Parliamentary Oil and Gas Committee confirmed last, Friday, that there are disagreements over the management of resources,
which led to the obstruction of passing the Oil and Gas Law, while it ruled out passing it in the current electoral cycle. “The oil and gas law has been a demand since 2007, but attempts to legislate it have failed due to political differences and lack of agreement with the Kurdistan Region.
For those of you who are not familiar with the necessity of the Oil and Gas Law let me give come clarity now. I will try to be brief and use the information just given to us in these two articles today, which by the way backup everything I have been saying about the necessity to get his law passed in parliament.
In one article they point out “the parliamentary oil committee has made intensive efforts with the leaders of the political blocs to clarify the importance of enacting the law, as it regulates the oil wealth that fully funds the state, and contributes to resolving the disputes between the federal government and the region, which contributes to achieving political and economic stability.”
The articles point out that “Article 112 of the Iraqi Constitution stipulates the necessity of regulating the oil and gas sector through the enactment of a special law, but the lack of a common vision and agreement between the federal government and the Kurdistan Region, as well as between the producing provinces and Baghdad, has prevented its approval so far.
It adds that “the most prominent point of disagreement between Baghdad and Erbil is related to oil resources and the region’s commitment to the decisions issued by the Federal Court and the International Court,” noting that “this law is one of the laws that complement the constitution .”
Remember that the CBI has told us many times in articles that this law must be passed and the currency reform is dependent on it. They did not, of course, use these exact words but when they say this law governs 90% of the wealth of the nation and they then need SECURITY and STABILITY what does this tell you about this law. Then on top of this from the past we read yet more about it today and they even emphasize the article 112 constitution mandate even more now.
So, let’s not make up stories to satisfy listeners that the Oil and Gas Law is all done because we know NOW without a shadow of a doubt after reading these articles today that it is NOT ALL DONE. I have been saying his for years now. Are they listening to me? Yes, I am talking especially to you TNT idiots Tony Renfrow and his side kick brother Rayren.
