Shafaq News/ The Commission on oil and energy in the House of Representatives, confirmed on Tuesday, that the lack of legislation, the law of oil and gas to the now weakened its supervisory role on the performance of the Oil Ministry, indicating that the latter responded to the requests of the Committee and promised to send details of contracts concluded within the licensing rounds with foreign companies.

The decision of the Commission on oil and energy parliamentary Mashkhati Qasim "Shafaq  News" that "the delay and failure to approve oil and gas law to the day affect the work of our committee and makes the performance of weak oversight of the Oil Ministry."

The Parliamentary Commission on oil and energy pearlier, counted  the licensing rounds that are made with foreign companies as unconstitutional and a violation of Iraqi laws, accusing the Ministry of Oil exclusivity management of oil resources.

Mashkhati explained that "the Commission on oil and energy will be discussed at its meeting on Wednesday a number of issues, including contracts concluded by the Ministry of Oil in the licensing rounds and trying to urge the House to expedite the enactment of the oil and gas."

He continued "The oil ministry has responded to our Committee requested to send details of the contracts concluded by the licensing rounds with foreign companies."

A number of experts and concerned with the oil confirm that the oil licensing rounds concluded by the Federal Ministry of Oil started to reap the fruit, and led to an increase in the rates of production and export, while others have questioned the legality of the contracts within the last three rounds.

The oil and wanted to about 95 per cent of the country's financial budget, and Iraq needs billions of dollars for the reconstruction of its infrastructure crumbling.