Iraq News - Local News - Baghdadpost

National Oil Company's law allows stealing of state's wealth: MP

iraq oil

MP Abdul Salam al-Maliki said that the current form of the law of the Iraq National Oil Company will waste the country's resources and allow the stealing of its wealth.

Maliki said in a press statement that the company, according to its current law, owns the country's oil and has the right to act completely against the country's interests at an abnormal speed in a systematic stealing of the country's wealth.

He explained that the law contained several clear violations to the constitution, as the company’s law states that the oil and gas belongs to the company, instead of the original owners represented in the Iraqi people.


Last Modified: Friday، 26 October 2018 01:19 AM