Democratic Party: Oil and gas law proposals are still under study

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Democratic Party: Oil and gas law proposals are still under study
Democratic Party: Oil and gas law proposals are still under study

The Kurdistan Democratic Party representative, Sharif Suleiman, confirmed that the oil and gas law is still being studied by the mini-governmental committee, which is evaluating all proposals from political parties, provinces, and the Kurdistan Region.

Suleiman mentioned that the oil and gas law is currently under review by a government committee. The committee has received input and suggestions from various governorates on what should be included in the law. Additionally, the Kurdistan region has submitted its own proposed rule to the committee for consideration.

During a recent meeting, he mentioned that the State Administration Coalition had put forward five proposals for the oil and gas law. A small committee has been formed to study these proposals in order to find common ground and agreement between the parties that submitted proposals, although they have yet to reach a consensus on a specific proposal.

According to his statement, the current legislative term of Parliament will not see a resolution of the oil and gas law. The matter will be postponed until the next legislative period, as the law is considered very important for Iraq and all its provinces and regions. The law grants each area its rightful entitlements from oil and gas. Hence, it needs to be handled with utmost care and attention.

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