A federal parliamentary committee hosts the Minister of Natural Resources in Kurdistan to discuss the oil file.
On Thursday, the Oil, Gas and Natural Resources Committee of the Iraqi Parliament held a meeting during which it hosted the Minister of Natural Resources in the Kurdistan Region to discuss a number of issues related to the oil sector in the region.
Committee member Mohammed Ali Al-Nuaimi told Shafaq News Agency that “the meeting discussed the reality and mechanisms of managing and marketing oil products in the Kurdistan Region, as well as reviewing the most prominent challenges facing this file, and exploring ways to organize it in a way that achieves the public interest.” DailyNews Subscription
He added that “those gathered also discussed the draft oil and gas law, and stressed the importance of reaching solutions and legislation that regulate the management of the country’s oil wealth, in accordance with the provisions of the constitution and promotes sound management of natural resources, in order to achieve the national interest and guarantee the rights of all Iraqis.”
On Wednesday, Siban Shirwani, a member of the Oil, Gas and Natural Resources Committee in the Iraqi Parliament, revealed that there is a tripartite agreement between the federal government, the Kurdistan Regional Government and foreign companies operating in the region, stipulating that 50,000 barrels per day of crude oil produced will be allocated to meet the region’s needs for fuels and oil derivatives.
Shirwani said in a press conference held after the committee’s meeting with the federal oil minister, which was followed by Shafaq News Agency, that “the committee decided to host on Thursday the Minister of Natural Resources in the Kurdistan Region, to discuss the realistic implementation of the agreement and securing the rights of citizens in the region to oil products.”
He added that “the Federal Minister of Oil or his representative, along with the Minister of Resources in Kurdistan or his representative, must attend to directly examine the reasons for the sharp rise in gasoline and fuel prices in the region and find solutions to address them.”
The Kurdistan Region in general, and the governorates of Erbil and Duhok in particular, have been experiencing a severe gasoline shortage since the middle of last month, with the material running out at most gas stations, despite the Kurdistan Regional Government’s decision to reduce prices. This has caused a decrease in supply and long queues of vehicles in front of the operating stations.
Shafaq.com