Oil Committee Votes Unanimously to Send National Oil Company bill to House of Representatives; Still mulling over HCL Law

Posted: August 2, 2013 in Iraqi Dinar/Politics
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For Oil and Energy Committee agreed to pass the draft law of the national oil company

Agreed to the Commission on oil and energy parliamentary bill Police National Oil unanimous 13-member ones, and submitted to the Presidency of the Council of Representatives for the purpose of inclusion on the agenda.

Said the Commission’s decision Qasim Muhammad’s (IMN) said that «the Commission on oil and energy in the presence of 13 members agreed unanimously to pass a bill the national oil company, while the three members of the Magazine, one of the laws of the five within the oil and gas law », adding that« the Commission raised the draft law to the Presidency of the Council of Representatives for the purpose of inclusion in the agenda of the meetings ».,

adding that« the law includes that the activities of the national oil company include all parts of Iraq, including the Kurdistan region, and will continue to draw a political strategy for the oil sector of the jurisdiction of the federal government represented by the Ministry of Oil ».,

and continued that« the Federal Council for Oil and Gas in accordance with the draft law on the national oil company, they follow the Council scheduled plastic of the Administrative ».

Since the adoption of Constitution as the law of oil and gas major outstanding issues between Baghdad and Erbil did not succeed former House of Representatives and the current to find consensus on a common formula for the oil and gas law.

did not succeed the Committee of Five, which formed earlier this year, which included representatives of the mass of the National Alliance, and another on the Kurdistan Alliance, and the third for the Iraqi List, as well as oil minister in the federal government and the Minister of Natural Resources in the Kurdistan Regional Government to reach a consensus on the law of oil and gas.

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