Iraq agrees to the law regulating the oil sector, gas

Iraq agrees to the law regulating the oil sector, gas

According to Alalam.ir Website : The project, which should be approved by Parliament, regulates the hydrocarbon sector and the responsibilities of the production is distributed between Baghdad and the provincesThe late adoption of this law since 2007 because of disagreements between the Baghdad government, which hopes that the administration charge of their oil resources, and the authorities of the Kurdistan region of IraqIraq produces about 2.7 million barrels of oil per day, only about 2.1 million barrelsThe oil sector accounts for ninety percent of the proceeds of this countryAnd a dispute between the Iraqi government and the authorities of the Kurdistan region about the nature of oil agreements signed by the regional government with foreign groups and how to share profits and costs bornBut a provisional agreement on the sharing of expenses and revenues reached in MayIssued and the Kurdistan region 135 000 barrels of oil a day, and seeks to increase production to about 200 thousand barrels by the end of the year, according to oil ministry announced in the provincial government ...
Original Text At Alalam.ir