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Ā š®š¶š„Ā āIraqās Oil & Gas Law: The Final Piece of the Puzzle?ā
President Calls It āUrgentā ā Could This Unlock the RV? š°
š¢ļøĀ President Rashid Sounds the Alarm:
āThere is anĀ urgent needĀ to pass theĀ Oil & Gas LawĀ and define how revenue is distributed. Parliament has failed to pass it, and the problems remain unsolved.ā
šĀ Why This Matters:
The Oil & Gas Law has been one of theĀ long-standing missing piecesĀ needed for:
š¹Ā Economic UnityĀ between Baghdad & Erbil (KRG)
š¹ FairĀ revenue distributionĀ across provinces
š¹ Stronger investor confidence & legal frameworks
š¹Ā Financial stabilityĀ to support a potential RV rollout
šĀ President Also Reveals:
šøĀ 80%Ā of Iraq's revenues go to salaries ā compared to just 6% in developed countries. He calls this unsustainable.
š³ļø Iraq remains committed toĀ free and fair electionsĀ ā no emergency government or delays.
š§ Iraq faces aĀ climate-induced water crisisĀ and calls for cooperation from neighbors.
šµšø Iraq stands inĀ solidarity with Palestine, calling for anĀ immediate endĀ to aggression in Gaza.
š¤ āFederalāKRG Ties Are Stronger Than the Differencesā
Rashid emphasized that the relationship between the federal government and Kurdistan isĀ generally positive, and that shared interestsĀ outweigh the differences.
This sets the stage forĀ agreement on oil exports, revenues, and national unity.
š§© Is This the Final Piece Before the Reinstatement?
Many analysts believe theĀ Oil & Gas LawĀ could be a major trigger for the long-awaitedĀ monetary reform, including theĀ Project to Delete the ZerosĀ and ultimately theĀ RV of the Iraqi Dinar. š§ šø
With high-level alignment acrossĀ four presidencies, could we finally be heading toward a legislative breakthrough?
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š Stay alert. Things are moving fast. The oil law isnāt just legislation ā itās a signal.