Energy parliamentary reveal a preliminary consensus on a new version of the law of oil and gas between Baghdad and Erbil

Tuesday, 03 December / 2 January 2012 13:10

[Erbil - where]
Revealed to the Commission on oil and energy in the House of Representatives has recently been approved in principle between the Kurdistan region and the federal government on a new formula for the adoption of the law of oil and gas.
According to sources in the Kurdistan region said Tuesday that "the Commission on oil and energy parliamentary revealed preliminary consensus has recently been between Arbil and Baghdad on a new formula to approve oil and gas law and that the Committee is currently engaged to translate the consensus by blending between the draft law and the proposal."
She added that "the three committees joint negotiating between Baghdad and Erbil, the end of the month of October last in 2011 had completed its negotiations in the capital on the outstanding issues, and raised the three reports to Prime Minister Nuri al-Maliki on it," adding that "the reports dealt with the most outstanding issues between the parties, a file the disputed areas, the budget Guard Region [Peshmerga], and the law of oil and gas. "
The sources quoted by the Commission on oil and energy parliamentary Furat al-Shara said the "consensus principle has recently been the province of Kurdistan and the federal government on a formula for the ratification of the oil and gas, through a review of the draft law of oil and gas for 2007 and a proposed law submitted by the 60-member Council of Representatives members, that review are to be corrected without affecting the substance of paragraphs legal and constitutional. "

Shara said that "the Commission on oil and energy parliamentary review of bills began to come out of the law of one deletes from the controversial material, free from political influences, to be submitted to Government for approval and forwarded to the Parliament again."

Since the adoption of the Constitution of Iraq, such as oil and gas law the most outstanding issues between Baghdad and Erbil, which is no less important for decision makers in the region on Article 140 of the Constitution on the disputed areas.

The dispute is between Arbil and Baghdad on 41 contracts, oil and signed by the provincial government since 2007 until now and see the central government in Baghdad that any oil contract must be agreement and refused Kurdistan recent draft of the Oil and Gas Law approved by the Iraqi government and sent to the House of Representatives for approval.

He says the region that the draft law, however, focus the powers of the Federal Government in the management of oil wealth at the expense of the region and the provinces, as it passed by the Council of Ministers, without due process of law. According to a statement by the Presidency of the Kurdistan region.

The oil imports about 95% of Iraq's budget, but so far nothing in the law regulating the affairs of the country after the failure of the House of Representatives to pass Bdorth previous oil and gas law, which was expected to rise oil situation if approved.