Oil Committee expects resolution of the Committee of Five Draft 2007 Oil and Gas Law

Friday, October 05, 1 / Okrudolf 2012 11:20



Twilight News / predicted oil and gas committee in parliament, Friday, the joint resolution of the Committee of Five Draft 2007 between the drafts submitted to the draft law of oil and gas.

He said the Commission's decision Qassim Mohammed Mchkta in an interview with "Twilight News" that "there is a consensus on the draft 2007 by the parliamentary blocs and the provincial government and its counterpart Federal, it is possible to choose the quintet as a bill for oil and gas or a combination of two draft out format final to them."

The Mchkta added that "the Committee of Five decided to continue meetings until an agreement on the draft of the bill."

The Deputy Speaker Qusay al-Suhail headed, first Wednesday, meeting with Oil Minister Abdul Karim and coffee and Minister of wealth and natural resources in the Kurdistan Regional Government Ashti Hawrami and heads blocks the National Alliance and the Iraqi Kurdistan to discuss oil and gas law.

The Iraqi cabinet approved a draft law of oil and gas in 2007 but faced an objection by the Kurdistan Region.

The Territory government says that the draft law focuses powers, however, the federal government in the management of oil wealth at the expense of the region and the provinces, as proposed by the Commission on oil and energy bills instead of the government but it also raised discrepant.

Since the adoption of the Constitution of Iraq, such as oil and gas law highlighted outstanding issues between Baghdad and Erbil, which is no less important for the leaders of the Kurds on Article 140 of the Constitution.

The dispute is between Arbil and Baghdad on 41 oil contracts signed by the Kurdistan Regional Government since 2007 until now and Baghdad describes as "illegal".

The Kurdistan and Baghdad agreed earlier this month to settle a dispute over oil payments after the Kurdistan pledged to continue exports, Baghdad said it would pay dues for foreign companies operating in the region.

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