Kurdistan Alliance threatened to boycott Iraqi Parliament’s sessions if the new oil and gas draft law presented by the cabinet is not amended, Al-sumaria reported.
Kurdistan Alliance believes some of the draft law’s clauses are unconstitutional. The Alliance threatened to contest the law in case the present draft was passed.
The National Alliance, on the other hand, supports the draft law and affirms that it does not aim to seize the constitutional powers of Iraqi provinces or Kurdistan region.
Kurdistan’s share will be estimated according to the petrodollar system. Currently Kurdistan receives 17 percent of Iraq’s oil income.
Political blocs will likely reach a mutual agreement outside the cabinet sessions over a final draft that would satisfy all parties before referring back to the Parliament for a first readout. The importance of oil and gas law, considered as one of the major laws for political parties, justifies the escalation of differences into major rows between the center and northern region.
Kurdistan, as usual, would be the most affected by any stipulation of the upcoming law similarly to the annual budgets that left behind many wrangles.