MP rules out finalizing oil and gas law in 2024

MP Ali Saadoun ruled out, on Friday, the resolution of the oil and gas law in 2024.

Saadoun said in an interview with Al-Maalouma, “The oil and gas law is one of the important laws that has been postponed for several sessions due to deep political differences, despite its importance in correcting several paths that cast their shadows on the performance of a sector that finances the country’s treasury with about 90% of its revenues.”

He added, “It is unlikely that the oil and gas law will be resolved in 2024 because the differences still exist and reaching agreement on it requires more dialogue, despite the serious desire of many forces to resolve this law.”

He pointed out that “political consensus is necessary to proceed with the approval of many important laws in the country, but it must be in accordance with principles that positively reflect on the public interest.”

It is noteworthy that controversial laws have been suspended for years due to political differences over their content, especially oil and gas.

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