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A Kurdistan Democratic Party MP told Rudaw: Oil and gas law talks between Baghdad and Erbil have reached the point of agreement.


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A Kurdistan Democratic Party MP told Rudaw: Oil and gas law talks between Baghdad and Erbil have reached the point of agreement.

Yesterday at 06:03

Iraqi Ministry of Oil

Iraqi Ministry of Oil
Keywords: Oil and Gas Law

Rudaw Digital

 
Iraq's economy is almost 90% dependent on oil production, yet remarkably, there is still no specific law governing oil and gas. Most political parties believe that the absence of such a law has been a source of tension between Erbil and Baghdad. Enacting such a law would be key to resolving many of the issues between the two sides. Hakim Farouk, a member of parliament from the Kurdistan Democratic Party bloc, told Rudaw Media Network that the oil and gas law has been discussed and "extensive talks have taken place, reaching the point of agreement."
 
For nearly two decades, the oil and gas bill in parliament has not been passed; the Kurdistan Democratic Party’s condition for participating in the new Iraqi government was the passage of this law.
 
Hakim Farouk, a member of parliament from the Kurdistan Democratic Party bloc, told Rudaw Media Network: “During both Ali al-Zaidi and Nechirvan Barzani’s visits to Baghdad, the oil and gas law was discussed, as well as the need to pass it as soon as possible and in the next legislative session. Many talks were held on the matter, which reached the point of agreement.”
Hakim Farouk - Member of Parliament for the Kurdistan Democratic Party bloc
 
In 2007 and 2011, two different drafts of the Iraqi Oil and Gas Law were prepared, but they were not passed due to disagreements between Baghdad and Erbil, and now attempts are continuing once again to amend them.
 
Shaker Mahmoud Abu Turab, a member of parliament from the Fatah Alliance, told Rudaw Media Network that "there are many problems that need to be amended, and this will become apparent when they are presented and discussed. They are currently in the drawers of the House of Representatives. We - the Badr Bloc - have two important laws as our priorities: the Popular Mobilization Forces Law and the Oil and Gas Law. There are other laws, but these two are the most important."
Shaker Mahmoud Abu Turab - Member of Parliament for the Fatah Alliance
 
The draft currently in the Iraqi parliament is the 2011 draft law consisting of 49 articles; according to the principles of this draft, the “Federal Council for Oil and Gas” must be formed, which is responsible for determining oil policy in Iraq, and the Kurdistan Region will have a representative in it at the level of a minister.
 
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I wonder if Adam still believes we need the HCL. I wonder if He still believes in this investment,  and if so....where are we at this point... in His opinion. Seem to remember the word was something to the effect that we will see an RV right after the HCL or simultaneously. It's been quite a while since those days. I haven't lost hope...just getting a lot of years on me at this point. Would sure welcome a voice of reason.

 

I also want to thank RJG and Ronscarpa for all their relentless work. I know they're sure appreciated.

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