United Nations confirms the adoption of the law of priority in Iraq for oil explorati
United Nations confirms the adoption of the law of priority in Iraq for oil exploration
Announced the Special Representative of the United Nations in Iraq Monday that the Iraqi parliament approved a law on drilling for oil and gas is one of the priorities of the international organization that formed a team to follow up this file.
This law aims to regulate the oil sector in Iraq and establish rules for sharing revenue between the central government and the provinces is still in the inclusion of Parliament for years.
The Special Representative Martin Kobler told AFP that "a team of internal UN mission to Iraq to help work on this file."
"We want to start a discussion about revenue sharing and then move to the oil and gas law. This law is an important starting point to address major problems such as the relationship between Arabs and Kurds, and the issue of federalism. I can say that he is the key. It will allow the availability of base" to address these problems.
He Kubler "In addition, this country needs to be security for the investments. That the solution to the issue of disputed internal boundaries, where the some of the largest untapped oil fields, will be much easier if everyone learned how to share the revenue."
Diplomats and analysts that the dispute between the Kurdistan region in northern Iraq and the central government in Baghdad around the city of Kirkuk and the division of powers and oil revenues is one of the biggest dangers to the stability of the country in the long run.
Kubler also talked about two other priorities are to elect a new committee to organize local elections due next year and the formation of a federal constitution for the moment.
Iraq has the third oil reserves in the world is estimated at 143 billion barrels after Saudi Arabia and Iran.
The oil revenues, 94 percent of the country's revenues.