Friend: oil and gas law will snap back to disagreements between Baghdad and Erbil

Economy and tenders Since 2016-02-04 at 11:23 (G

The balance of news
Member of the Parliamentary Committee on oil and energy, Tariq said the adoption of the law on oil and gas will snap back to disagreements between Baghdad and Erbil, referring to the need for adoption during the new legislative term.

Called the National Alliance earlier, Government to finalize the draft oil and gas law and sent it to Parliament for approval, in a step towards resolving the economic crisis.

Commission member Tarek said a friend l/balance of news, that "the Federal Government withdrew before the more than 115 law draft to Parliament for reconsideration on the basis of the reforms and their actions, including the draft oil and gas law, as we are still waiting for inclusion in the agenda of the House."

He said a friend, "this law will solve existing problems between Baghdad and Arbil because it hurt the interests of both parties in terms of their respective rights.
He noted that "We also need a national oil company law and licensing rounds and many things to facilitate oil and energy issues, as the licensing rounds are useful for people in financial terms but there are some things that need to be modified by the Iraqi legislature on certain conditions on tour with foreign and domestic firms, as it more than 20 years after the change of oil prices and Iraq's needs and global markets, so should be reconsidered in order to fit with the current conditions and the considerable burden on the Government."

He said, "we established a symposium two weeks ago on the oil Ministry to discuss this topic and suggested that some members of the Committee on oil and energy parliamentary mechanism to prepare draft law on the national oil company, the oil and gas Act legislation first and then other legislation".
And concealed the previous sessions of the House of representatives to approve oil and gas law as a result of growing differences on many of its Statute.