*********** Abadi instructed to form a committee to follow up on Baghdad and Erbil agreement

12/24/2014 0:00

  BAGHDAD - Alaa al-Tai

Instructed the Prime Minister to form a joint committee to look into the organization for the management of oil and gas laws package is a modern advanced management commensurate with the economic and financial conditions that Amrabha the country, and take into account the difference between the central government and the province to resolve past differences and the implementation of the agreement that has been recently.

Sources close to government sources told the «morning»: The «Committee will start work soon to reconsider the important laws, including the Oil and Gas Act and the National Oil Company and the law of the Ministry of Oil and financial resources plus her law regulator to set up the ranks of investment and oil derivatives and their relationship with the investment law No. 13 average» .

The sources said that «the decision is aimed at the development of draft laws and create legislation to implement the agreement, which was recently between Baghdad and Erbil on oil exports and imports mechanism.» The government has reached an agreement with the Kurdistan Regional Government recently to resolve disputes over oil exports and budget allocations, where due to the agreement enters into force early next year.

The text of the agreement on the export of the provincial government 250 000 barrels of oil per day from the fields of the region to Turkey for the account of the central government, as well as the export of 300 000 barrels last from Kirkuk oil fields across the line was created by the province to Turkey via the port of Ceyhan.

In contrast, the region gets its share of the federal budget for 2015, plus a billion dollars to help pay salaries and arming the Peshmerga fighters who are fighting to liberate Daash areas dominated by the side of the armed forces.


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