tigergorzow Posted December 17, 2016 Report Share Posted December 17, 2016 ***KRG PASSED OIL AND GAS LAW IN 2007 - Full PDF in link below!! KURDISTAN REGION – IRAQ PRESIDENCY OF THE REGION THE PRESIDENT IN THE NAME OF THE PEOPLE DECISION NO. (28) – 2007 OIL AND GAS LAW OF THE KURDISTAN REGION – IRAQ Pursuant to the authorities granted to the Presidency of the Kurdistan Region in accordance with the provisions of Article 10(1) of Law No. (1) - 2005 (amended) and pursuant to the legislation enacted by the Kurdistan National Assembly - Iraq under its extraordinary session No. (8) Dated 6/8/2007 we have decided to issue: OIL AND GAS LAW OF THE KURDISTAN REGION - IRAQ Law No. (22) - 2007 CHAPTER ONE DEFINITIONS Article 1: The following terms shall have the meanings hereunder for the purposes of this Law: 1. Federal Government: the Federal Government of the Republic of Iraq; 2. Federal Constitution: the constitution of the Federal Republic of Iraq; 3. Region: the Kurdistan Region - Iraq; 4. President of the Region: the President of the Kurdistan Region - Iraq; 5. Parliament: the Kurdistan National Assembly - Iraq; 6. Regional Government: the Government of the Kurdistan Region-Iraq; 7. Council of Ministers: the Council of Ministers of the Regional Government - Iraq; 8. Regional Council: the Regional Council for the Oil and Gas Affairs of the Kurdistan Region - Iraq; 9. Ministry: the Ministry of Natural Resources of the Region; 10. Minister: the Minister of Natural Resources of the Region; ___________________________________________________________________________________________________________ Last Paragraph in this Oil & Gas Law This Law was issued to develop the petroleum wealth of the Region in a way that achieves the highest benefit to the Kurdistan people and all Iraqi people, using the most advanced techniques of market principles and encouraging investment, in a manner consistent with the provisions of Articles 111, 112, and 115 of the Federal Constitution, to promote and adhere to the highest standards of transparency, accountability, and fairness in the petroleum sector, to provide special petroleum revenue allocations for all citizens of the Region, for the future generations of the Region, for those who suffered as a result of the previous regime in Iraq for the natural environment of the Region; and to facilitate cooperation on petroleum management with the Federal Government provided that revenue is shared equitably, as required by the Federal Constitution. http://www.perlemanikurdistan.com/Default.aspx?page=byyear&c=LDD-Yasa&id=2007 http://www.perlemanikurdistan.com/files/articles/070708090735.pdf 8 1 Quote Link to comment Share on other sites More sharing options...
Synopsis Posted December 17, 2016 Report Share Posted December 17, 2016 Well, OK, multi gold stars for TigerGorZow today and every day! 5 Quote Link to comment Share on other sites More sharing options...
tigergorzow Posted December 17, 2016 Author Report Share Posted December 17, 2016 2 minutes ago, Synopsis said: Well, OK, multi gold stars for TigerGorZow today and every day! Synopsis, Thanks.....We just need the GOI & Parliament to do their part next month in regards to the "HCL"... 7 Quote Link to comment Share on other sites More sharing options...
Synopsis Posted December 17, 2016 Report Share Posted December 17, 2016 Just now, tigergorzow said: Synopsis, Thanks.....We just need the GOI & Parliament to do their part next month in regards to the "HCL"... Oh, Yeah!!! 5 Quote Link to comment Share on other sites More sharing options...
tigergorzow Posted December 17, 2016 Author Report Share Posted December 17, 2016 Mods, Please remove one of the duplicate articles posted. Thanks, Tigergorzow 2 Quote Link to comment Share on other sites More sharing options...
10 YEARS LATER Posted December 17, 2016 Report Share Posted December 17, 2016 Well, I do declare ! Things lately have become more curious & surprising by the hour ! 5 Quote Link to comment Share on other sites More sharing options...
gregp Posted December 17, 2016 Report Share Posted December 17, 2016 Best news in a long time!!! Great find Tigergorzow!!! 5 Quote Link to comment Share on other sites More sharing options...
jeepguy Posted December 17, 2016 Report Share Posted December 17, 2016 Great news at 2.45 a.m. can't wait too see more articles on this one in the 8 a.m. hour ... Great find tiger 5 Quote Link to comment Share on other sites More sharing options...
heeper00 Posted December 17, 2016 Report Share Posted December 17, 2016 I'm with you all 100,% 2 Quote Link to comment Share on other sites More sharing options...
Wiljor Posted December 17, 2016 Report Share Posted December 17, 2016 5 hours ago, 10 YEARS LATER said: Well, I do declare ! Things lately have become more curious & surprising by the hour ! That's what this ride is all about brother, it has its ups and downs. Someone once said here "chew the meat and spit out the bones" as long as you don't get one of those bones stuck in your throat, your good. Although my respects for folks like you who have been around for a few years, you must be thinking of becoming a vegetarian we will see things move along nicely once Mosul is liberated 5 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted December 17, 2016 Report Share Posted December 17, 2016 Great news and great posts. This ride is not for the weak, but it is done we will be talking about it for a life time. 4 Quote Link to comment Share on other sites More sharing options...
jeepguy Posted December 17, 2016 Report Share Posted December 17, 2016 7 hours ago, tigergorzow said: ***KRG PASSED OIL AND GAS LAW IN 2007 now that I am awake and in the coffee beans I see the head lines ! they need bagdad too get its parliament too pass this section of the gas and oil deal , I think the big stick in the road was the 17 % in the budget , + the gas and oil shares , if I am thinking right ... wish they would get their poop in line and out the back door so-too- speak 5 Quote Link to comment Share on other sites More sharing options...
Boozer Posted December 17, 2016 Report Share Posted December 17, 2016 I see big things as soon as Trump lets Iraq fly free, and out from under the thumb of Ostupid.. 7 1 Quote Link to comment Share on other sites More sharing options...
SgtFuryUSCZ Posted December 17, 2016 Report Share Posted December 17, 2016 1 hour ago, jeepguy said: now that I am awake and in the coffee beans I see the head lines ! they need bagdad too get its parliament too pass this section of the gas and oil deal , I think the big stick in the road was the 17 % in the budget , + the gas and oil shares , if I am thinking right ... wish they would get their poop in line and out the back door so-too- speak ***/// DITTO DAT ! 2 Quote Link to comment Share on other sites More sharing options...
SgtFuryUSCZ Posted December 17, 2016 Report Share Posted December 17, 2016 3 minutes ago, Boozer said: I see big things as soon as Trump lets Iraq fly free, and out from under the thumb of Ostupid.. ****/// ... and DAT, TOO ! 5 1 Quote Link to comment Share on other sites More sharing options...
10 YEARS LATER Posted December 17, 2016 Report Share Posted December 17, 2016 5 hours ago, Wiljor said: That's what this ride is all about brother, it has its ups and downs. Someone once said here "chew the meat and spit out the bones" as long as you don't get one of those bones stuck in your throat, your good. Although my respects for folks like you who have been around for a few years, you must be thinking of becoming a vegetarian we will see things move along nicely once Mosul is liberated My 1st wife tried to get me to go Vegetarian . . . needless to say, my 2nd marriage is working out so much better. Dead animal flesh, it's whats for Dinner ! 3 Quote Link to comment Share on other sites More sharing options...
army03 Posted December 17, 2016 Report Share Posted December 17, 2016 8 hours ago, ChuckFinley said: Great news and great posts. This ride is not for the weak, but it is done we will be talking about it for a life time. Well said ChuckFinley 2 Quote Link to comment Share on other sites More sharing options...
calkid11 Posted December 17, 2016 Report Share Posted December 17, 2016 Thank you 1 Quote Link to comment Share on other sites More sharing options...
10 YEARS LATER Posted December 18, 2016 Report Share Posted December 18, 2016 $$$$ Price of Crude both WTI & BRENT both above $50 as of 18:43 hrs. 12/17/2016 http://www.oil-price.net/ 3 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted December 18, 2016 Report Share Posted December 18, 2016 Everything is moving in the positive direction. We just need to enjoy the positives. 4 Quote Link to comment Share on other sites More sharing options...
MyLadiesDaddy Posted December 18, 2016 Report Share Posted December 18, 2016 I've been trying for six yrs to show everyone that the HCL was passed but not implemented. And now I believe that is because like Maliki, Obama was working for Iran. And Iran does NOT want Iraq to become a superpower. Trouble is God said that they will. And now Trump is going to do what he can to make his own investment come to fruition. 7 Quote Link to comment Share on other sites More sharing options...
Theseus Posted December 18, 2016 Report Share Posted December 18, 2016 (edited) Hate to be a Debbie Downer but this law was passed for the Kurdistan Region and the last paragraph explicitly states for the "Region". The "Region" is the Kurdistan Region. The history of the HCL has at one time been approved by GOI Parliamentary Cabinet in May 2007. Maliki shelved it in December 2007. Since Parliament of the Iraqi Government has never voted on the draft legislation which is completely different than the KRG legislation, the HCL has never passed much less voted on. The Iraqi Oil and Gas Law continues to reside at the Cabinet level due to the Maliki influence but was sent back to committee in December/January the year Abadi took office. Iraq has several oil producing regions. Kurdistan is only one of those regions, there are 8 to 9 more that the GOI has to contend with in addition to the whole of Iraq not just one "region". Edited December 18, 2016 by Theseus 4 Quote Link to comment Share on other sites More sharing options...
Theseus Posted December 18, 2016 Report Share Posted December 18, 2016 (edited) Here is one of the lastest versions of the HCL. The Federal Oil & Gas Draft Law The Iraqi Government Version English Translation Compiled by the Federal Ministry of Oil Presented to the Council of Ministers on 25th August 2011 Translated by Iraq Energy Institute NOTE: Notice the title and notice the date. Article (2) The aims of this law shall be: First: The ownership of Oil and Gas in Iraq is for all the people in all regions and governorates. Edited December 18, 2016 by Theseus 3 Quote Link to comment Share on other sites More sharing options...
jcfrag Posted December 18, 2016 Report Share Posted December 18, 2016 30 minutes ago, Theseus said: Here is one of the lastest versions of the HCL. The Federal Oil & Gas Draft Law The Iraqi Government Version English Translation Compiled by the Federal Ministry of Oil Presented to the Council of Ministers on 25th August 2011 Translated by Iraq Energy Institute NOTE: Notice the title and notice the date. Article (2) The aims of this law shall be: First: The ownership of Oil and Gas in Iraq is for all the people in all regions and governorates. The Kurdistan oil obviously belongs to only the Kurds. In order to give in to the fact that the oil is owned by all Iraqi peoples.... first the want 17% of 550,000 barrels, 100% of anything anything over 550,000 barrels, and for all of Iraq to pay for the Kurdistan army's salaries too!!! Maybe if they pump all of their oil over to SOMO and Baghdad THEN pays them 17% of all of their production, maybe then Iraq will have monies to pay Kurdistans's army salaries... what a bunch of greedy saps..... 😡 2 Quote Link to comment Share on other sites More sharing options...
"Fred" Posted December 18, 2016 Report Share Posted December 18, 2016 33 minutes ago, jcfrag said: The Kurdistan oil obviously belongs to only the Kurds. In order to give in to the fact that the oil is owned by all Iraqi peoples.... first the want 17% of 550,000 barrels, 100% of anything anything over 550,000 barrels, and for all of Iraq to pay for the Kurdistan army's salaries too!!! Maybe if they pump all of their oil over to SOMO and Baghdad THEN pays them 17% of all of their production, maybe then Iraq will have monies to pay Kurdistans's army salaries... what a bunch of greedy saps..... 😡 "Greed is the root to all evil" 3 Quote Link to comment Share on other sites More sharing options...
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