The Ministry of Oil welcomed the inclusion of the law of the National Oil Company on the agenda of the House of Representatives and vote on its paragraphs in a meeting on Monday.
Oil Minister Jabbar Ali al-Allaibi expressed his hope to complete the quorum for the session of the House of Representatives today in order to vote on the paragraphs of the draft law and approval, because it is a major national responsibility rests with all legislative and executive bodies to develop the oil industry and the optimal investment of national wealth.
Al-Allaibi said that the Ministry of Oil completed earlier this year a draft law of the National Oil Company and presented it to the Council of Ministers, which voted on March 14, 2017, and then referred it in turn to the House of Representatives for a vote and approval.
The Minister praised the decision of the Presidency of the Council to include the draft law on the agenda of the Council, appreciating the role and efforts of the President and members of the Committee on oil and energy parliamentary and their keenness to expedite the presentation of the subject in the House of Representatives and vote on it .. for its importance in the development of oil industry in Iraq.
Al-Luaibi said that the adoption of the law will constitute a new era for the oil industry, based on scientific methods, modern technology and the national management of the country’s wealth, from the development of the oil industry and the sound management of programs to develop the sectors of extraction, marketing, transport, storage, marketing and sales to the point of delivery. In order to support and develop the national economy.