Naharnet

Finance committee resumes oil sovereign fund discussion

The Finance and Budget Parliamentary Committee convened Thursday to resume the discussion of the oil and gas sovereign fund bill.

Earlier this week, the Committee discussed the bill and said it endorses it "in terms of the commitment to the independence of the management of the sovereign fund and the transparency of its accounts and foreign investments."

Another session will be held on Monday to approve it in a final manner and submit it to parliament so that it be ready prior to the beginning of exploration in mid-August.

Source: Naharnet


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