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A surprise announcement by the Ministry of Oil of the draft oil and gas law

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A surprise announcement by the Ministry of Oil of the draft oil and gas law

Time: 02/25/2021 00:01:44 Read: 6,812 times

{Baghdad: Al Furat News}
The Minister of Oil, Ihsan Abdul-Jabbar, announced that the meeting of the Opinion Committee in the ministry, which was held on Wednesday, included discussion and review of the final version of the federal oil and gas law.

In a statement, Al-Furat News Agency received a copy of it, Abdul-Jabbar affirmed that “this copy will be referred to the Council of Ministers for approval after completion of its review by the concerned authorities in the ministry, and then the Council of Ministers will review this copy, and in turn refer it to the House of Representatives for the sake of Enacting this law."

He pointed out, "the ministry's keenness to approve a law that contributes to the development of the oil and gas industry, and the optimal investment of the national wealth in Iraq in order to support the national economy."

It is noteworthy that the Oil Ministry’s sudden announcement of the draft oil and gas law coincides with marathon negotiations between Baghdad and the Kurdistan region regarding the latter’s share in the 2021 budget and the mechanism for managing his oil file.

Ammar Al-Masoudi

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