HCL will have to be heard in next legislative session; Not enough time in current session

Posted: November 27, 2013 in Iraqi Dinar/Politics
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Deport the law of oil and gas to the next parliamentary session

Commission said the oil and energy parliamentary, Wednesday, that the few remaining period of the age of the current parliamentary session is not enough to hold understandings lead to approval of oil and gas law, asserting that the law left to the next session.

altThe deputy chairman of the Committee on Fayad’s “Twilight News”, that “the remaining period of the life of the current Parliament is not enough to establish understandings between the political blocs in order to proceed with the adoption of the law of oil and gas, because he needs the expanse of time wider for the purpose of completion of those understandings.”

He predicted Fayad “deportation law to the next session of the House of Representatives for approval.”

Since the adoption of the Constitution, such as the Iraqi oil and gas law the most outstanding issues between Baghdad and Erbil did not succeed former House Speaker and current of finding consensus on a common formula for the oil and gas law.

Baghdad says it is her right to manage the oil wealth ranging from contract to develop oil fields with foreign companies access to export.

However, the Kurdistan Region has repeatedly stressed that the Constitution allows him to develop the oil fields and concluded dozens of contracts with international energy companies, including Exxon Mobil, Chevron and Total.

Baghdad rejects those contracts and says it is illegal.

The Commission on oil and energy parliamentary has three drafts of projects oil and gas law, but all of these drafts are not acceptable to the political parties in Parliament.



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