Al-Kaabi confirms the need to proceed with the legislation of the law of oil and gas

30th July, 2019

The First Deputy Speaker of the House of Representatives Hassan Karim Kaabi need to proceed with the legislation of the law of oil and gas, pointing out that the draft law has already been sent by the government to the House of Representatives during the previous sessions.
Al-Kaabi said that the adoption of the law comes to the importance of establishing a base for coordination and consultation between the federal authorities and the authorities of the region and oil-producing provinces and to establish the basis of cooperation between the relevant ministries in the federal government.

He stressed the need to establish a modern and sophisticated system for the management of oil operations in the country, including the development of strategies and policies and plans for long and short and medium term to reach the highest level of growth in reserves and production and maximize the financial resources of Iraq through the optimal investment of oil wealth and maintain on the basis of technical and economic sound.


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