Baghdad: Member of the Parliamentary Oil and Gas Committee, MP Ali Shaddad, has submitted five inquiries to the Ministry of Oil concerning the contracts related to the fifth supplementary and sixth licensing rounds in their final form. This move marks a crucial step in ensuring transparency and accountability in the oil sector.

According to National Iraqi News Agency, the inquiries by MP Ali Shaddad aim to scrutinize the terms and conditions of the contracts associated with these licensing rounds. The questions focus on the implications of these contracts on national interests and the adherence to legal frameworks governing oil and gas operations in the country.

The Ministry of Oil is expected to respond to these inquiries, providing detailed information regarding the negotiation processes and the parties involved. The outcome of this inquiry could have significant implications for future licensing rounds and the strategy for managing Iraq’s oil resources.

The parliamentary initiative reflects ongoing effo
rts to oversee oil and gas policy and ensure it aligns with the nation’s goals of economic stability and resource management. The inquiries are seen as a vital mechanism for promoting transparency in one of Iraq’s most critical sectors.