Parliamentary Energy announces the transfer of the oil and gas law to the next session
Baghdad / Al-Mawrid News: Today, Monday, the Parliamentary Oil and Energy Committee determined the extent to which the oil and gas law can be legislated in the current parliamentary session.
Committee member Sattar al-Jabri said, in a press statement, that “the oil and gas law is one of the strategic laws and it is difficult to resolve it in the current parliamentary session,” stressing that “it will be transferred to the next parliamentary session.”
Al-Jabri called for “making the law among the priorities of the next council, as it achieves social justice by distributing wealth to the people of the same country without discrimination of components or regions.”
The Oil and Gas Law establishes a system for managing oil operations in Iraq, taking into consideration the existing international agreements between the Republic of Iraq and other countries regarding the transportation of crude oil.
It also aims to define the basis for cooperation between the concerned ministries in the federal government, as well as to establish a base for coordination and consultation between the federal authorities and the authorities of the oil-producing regions and governorates.