The Government commits to adopt the Oil and Gas Act: Oil Ministry Spox

 
 
Baghdad-INA
 
The Oil Ministry confirmed on Tuesday that the government commits to adopt the Oil and Gas Act.

The Ministry prepared the oil and gas law and submitted it to the government, and this law was discussed by the concerned authorities and the team formed by the regional government,” Ministry spokesman, Asim Jihad, told the Iraqi News Agency (INA).he stressed that “the government is committed to approving this law within the current government round, and it is also within the government program.”

He added, "The oil and gas law aims to manage the process of oil wealth in Iraq and achieve fair distribution, and thus achieve optimal investment of national wealth and support economic and sustainable development, as well as support the Iraqi state treasury. Therefore, the government and the ministry are committing to approve this law."
 
"The Government has given a wide range of dialogue on the Oil and Gas Act, and the Ministry and the Government hope to approve it," he explained. Adding, "All points of view are respected, and we must put the national interest above all considerations."
 
He noted that "There have been several discussions between the relevant authorities, but as far as the Ministry is concerned, it has drafted the law and made the necessary amendments, in a way that serves the public interest. It remains for the government to submit the draft law after agreeing on it to the parliament for approval."