HAT TIP: The Currency News Hound
Hey Dinarian Friends!
We just saw this article and wanted to make sure you also saw it!
We feel the biggest key is not Talibani, but getting the 140 Oil and Gas Law passed!!!
This should give Shabibi the confidence he needs that his economy will grow strong!
This 140 however DOES NOT guarantee us the RV were waiting for, but we believe it’s a significant step forward!!!
BAGHDAD – A follow-up of the East: affirmed the decision of the Commission on oil and gas and parliamentary readiness to hold intensive meetings in order to pass the law of oil and gas.
Kassem said Mohammed Mchkta: There is an agreement between the
national and Kurdistan alliances to pass the law since 2007, but the differences and interpretations led to the suspension of the law, although submitted to the State Council. Confirming the presence of a positive movement towards legislation law of its economic importance.
He added: Although long period of time but that the Parliament did not succeed in passing the law, but we are determined to pass format final accepted by all parties, after giving Presidency of the Council of Representatives to form a joint committee of oil and gas and legal to create a draft as a basis for discussion.
The Mchkta stressed: that all political blocs are today convinced that the law will contribute to the organization of an important sector in the country, adding that Iraq would be one of the most important countries in the region from the oil side.
The law was published as is amended in the year 2007 in the media, and since then there have been only a simple parliamentary debates around without approval.