STATUS OF THE RV, PART. 2
😊Next the articles give us news of the Oil and Gas Law. Here is the article titled “IMPORTANCE OF APPROVING THE OIL AND GAS LAW.” In this news we read that
Iraqi Prime Minister Mohammed Shia al-Sudani received a delegation from the Kurdistan Islamic Union Party’s parliamentary bloc on Tuesday. The meeting discussed vital issues related to the relationship between the federal government and the Kurdistan Region.
During the meeting, the two parties emphasized the “need to find radical solutions, within the framework of the constitution and the law, regarding the Kurdistan Regional Government’s financial obligations, based on the provisions of the budget law and the Federal Court’s decision.”
I find it almost funny how they bring up this needed referendum (law) as stated in the Iraqi constitution each time we get close to the RV. Does Iraq need to resolve these issues prior to any RV?
If you use common sense we might say yes since Iraq is still a rentier economy. However, there may be a desperate move coming to attempt to reinstate based on the Iranian negotiations before they tank and war is inevitable to destroy what enrichment production facilities they have by force.
Remember that the Oil and Gas Law was supposed to be accomplished almost 15 years ago. Again, I will add a note about all the confusion that has come about the lack of oil flow from Kurdistan or the payments of salaries to Kurdistan. Finally resolving this law could resolve many of disputes before they even become critical.
Remember just this year alone Kurdistan shut off oil flows due to disputes in salary amounts given again from Baghdad.
If you look at the evidence the smaller salary files are always justified due to black market oil sales outside the constitutional requirements. But then Kurdistan also comes forward with justification as to why they should maintain these revenues. So, who is correct? If they had a sound Oil and Gas Law, the law itself would resolve these kinds of issues. There is also disputes as to who can develop the oil fields. The constitution clearly states Iraq must develop them, however Iraq does not have the expertise to do so. They then hire outside companies. Baghdad says this is not legal. If you study what happened in Iran with their oil development you can relate this overflow of thinking to the Iraqi people influenced by Iran. This messes with the budget and scheduled projects for the 2025 budget, as the oil revenue stream stopped. This also once again reinforces the hazards of a “rentier” economy based solely on oil. These disputes are not good for the world to see, especially potential investors.
Can Sudani release the names of who is holding back the much needed laws, whether it’s through new articles or broadcasting channels?
