Abdul-Mahdi calls to expedite the issuance of oil and gas law

12/18/14


BAGHDAD - Oil Minister Adel Abdul-Mahdi, the House of Representatives to expedite the issuance of oil and gas law for the producing provinces of the Kurdistan region for their rights, while the oil and gas committee in the provincial council stressed the importance of legislation law.

Said Abdul-Mahdi, during a press conference held inside the Rumaila oil field in Basra province, "The oil and gas law must be passed quickly to its importance in the order of the relationship between regions or oil-producing provinces and the federal government," noting that "the law when it is prescribed, there will be instructions and directives enforceable, and not, as is currently the case. "

The minister pointed out that the "special interpretations of constitutional provisions should not stay within its borders," adding that "oil and gas law is not for the benefit of the Kurdistan region only, but in the interest of the other producing provinces, so that will have clear rights."

The Chairman of the Commission on oil and gas in the Basra Governorate Council Ali Shaddad said that "the relationship between the local government and the Ministry of Oil was almost severed under the previous federal government, and this relationship is now better than it was," adding that "the federal government monopolized during the previous period the management of oil wealth in the province, and it must be legislation oil and gas law in accordance with Article 112 of the Constitution in order to ensure the rights of Basra.

It is noteworthy that Basra's oil industry center in Iraq, and the most important oil cities in the world, as it owns at least 59% of the reserves of Iraq's oil, and has the largest oil fields in Iraq, including crazy and Rumaila, West Qurna, and through the province exported most of Iraq's oil quantities that depend on the state budget revenues almost entirely.

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