The law of federal income beyond the first reading across the Law of petrodollars
THURSDAY, JUNE 30, 2011
Committee announced the parliamentary oil and energy, said Thursday that it is studying a draft law of federal income, indicating that this project is behind the delay the first reading of the law of petrodollars.
A member of the Commission on oil and energy Farhad Atrushi in an interview (twilight) The committee is studying a draft law of federal income, which is an important and integral to the oil and gas law, which he murmurs, and much debate between the political blocs with regard to imports of oil, especially with the Kurdistan Region.
The Chair decided that the House of Representatives in session, on Wednesday, postponing the first reading of a bill to allocate part of the oil revenue-producing provinces, and the second reading of the draft law public holidays.
Atrushi explained that “the draft federal law regulating the distribution of revenue resources between the federal government and local governments and regional,” stressing that “this law was behind the House of Representatives to postpone the first reading of the petro-dollar bill.”
The most prominent is provided by the draft law of oil and gas, which was approved by the Iraqi government in 2007 that the ownership of oil and gas belongs to all people in all regions and governorates, and the law applies to oil operations in all regions of Iraq, including the soil and subsoil on land, as well as in inland waters and territorial waters.