Post from Di Narino from DinarDaily.net on the HCL
***If you read this article, the HCL is not done, although there are many out there that say it is. Some also say that the issues with the disputed territories are resolved and agreed upon. Even though I respect some of the people that are saying these things are done, I am not buying in to those opinions. Maybe they will put in the effort to have the thing done before the end of this current term. I am making the assumption that "term" is defined as before the new Parliament is voted on early next year. - Di Narino ***
Member of the Iraqi Oil Committee calls to speed up approving HCL before the end of the current term.
Baghdad (AIN) -Deputy chief of the parliament Oil & Energy Committee, Ali al-Fayadh, called to expedite ratification of the Oil & Gas Law before the end of the current parliament term.
The Oil & Gas law is one of the pending issues especially between the central government and Kurdistan Regional government where this law regulates the running of the oil resources and administration of its revenues and the contracting with foreign companies.
Fayadh stated to AIN “The ratification of this law will protect the national production of oil and safeguard the citizens’ rights as well as reassuring the foreign companies and attract them to invest in this vital sector through founding laws that maintain these companies’ rights along with ensuring fair distribution for the state resources among the Iraqi people.”