MP: For These Reasons, Vote On Amending The Law Of The National Oil Company Has Been Postponed

Baghdad The Parliamentary Oil and Energy Committee revealed the justifications for withdrawing the first amendment bill to the law of the Iraqi National Oil Company, which is included for voting on the agenda of the parliament session yesterday, Saturday.

Committee member MP Ghaleb Muhammad Ali said, in a statement to the National Iraqi News Agency / NINA /: “The draft law was withdrawn due to the presence of technical observations submitted by the Financial Supervision Bureau, and other proposals adopted by some MPs related to the mechanism of forming the company’s board of directors and managing its financial revenues and financing fund,” He pointed out that “most of the new observations and proposals are technical issues not political ones”

He added that “the new draft amendment will be passed during this week’s sessions after reformulating the amendments to the seven articles in the draft law,” noting that “the parliamentary committee will meet next Wednesday with the Oversight Authority in the Ministry of Oil and representatives of the Financial Supervision Bureau to agree on passing the law.”

The House of Representatives was scheduled to vote in its session yesterday, Saturday, on the draft law of the first amendment to the Law of the Iraqi National Oil Company No. (4) of 2018.

Source: National Iraqi News Agency