Contracts Division of Al-Mirbad Basra will receive 54 billion of its budget this week

[yota691]

Planning: 647 billion and 453 million dinars Basra share of petrodollars this year

Tuesday 26-01-2016 | 10:34:43

 

 

 

 

J p

Twilight News / Planning Ministry announced on Tuesday that the province of Basra from the petro-dollar share would be about 650 billion Iraqi dinars from the budget for fiscal 2016.

This came during a joint expanded meeting convened by the Ministry and chaired by Undersecretary for Technical Affairs Maher Hammad participation of Basra Governor Dr Majed Nasraoui and agents of Finance and Construction and Housing, municipalities and water resources, and representatives of a number of ministries and ministries as well as heads of departments Basra province and the agent managing the Ministry of Planning Qasim care sort, according to a statement issued the Ministry of Planning.

Said Undersecretary of the Ministry of Planning Maher Hammad that "Basra province's share of the petro-dollar to 2016 will amount to 647 billion and 453 million dinars, while maintaining allocations will be within the regional development program of 96 billion and 355 million dinars."

For his part, the governor of Basra said his government has taken a number of important measures to address the reality of ongoing projects, adding that there are 425 projects being implemented was the settlement of 81 projects, the percentage completed 90 per cent and exceeded the cost of 564 billion dinars, while the inventory of projects is the priority at the current stage and number of 158 projects and 413 delete another project at a cost of about 3 trillion dinars

Nasraoui He noted that the project which is the priority task projects with a value of the remaining funds to complete 1 trillion and 213 billion dinars 186 reached, adding that the emergency electrical power projects for the 2016 project at a cost of 166 billion dinars, numbered 67 and there are 31 projects worth 831 billion dinars have been excluded from the decision of the Committee on Economic Affairs is welcomed direct them for the purpose during the current year.

 

[yota691]

Basra sues the government for 3 trillion dinars

Readers

 

 

Basra sues the government for 3 trillion dinars

 

26-07-2017 10:40 PM

 

The Euphrates -

Said a member of the Committee on oil and energy parliamentary Zaher Abadi on investment projects in oil and gas benefit all provinces without exception. 
Abadi said in a press statement that the government to make more efforts and efforts to invest gas because it burns in very large quantities and enters the field of waste, pointing out that the budget law of 2017, which gave a 5% share of the province of Basra but was challenged by the law by the government, There are financial laws on what is exported and investment of gas back to the province, and expressed the hope that there will be a challenge to the return of the judiciary to give the share of the province of oil resources and gas. 
He added that the government should be obliged to pay the province's share of the production and export of gas and oil, pointing out that the export rates of crude oil from Iraq is 3. 5 million barrels per day, which must be 5% of them back to the province of Basra, indicating that the government began to export condensate of gas, but Basra did not receive any financial imports of them in the event that were given those ratios will be Basra economic recovery does not enjoy any province Other. 
And the member of the Committee on oil and energy, "The federal government to prevent the share of the 5% of the province of Basra from oil and gas production, justifying that the economic situation of the country refraining to give a percentage of the import funds to the province, noting that the province of Basra gives the government between 85-87% Difficult for the federal budget does not receive its share of 5%. " 
Abadi pointed out that "the Basra Council demanded its share for the current year of 3. 5 trillion dinars, noting the suspension of many investment projects and services in the province because of lack of financial liquidity, stressing that the Ministry of Oil owns the Gas Company of Basra, which has a share of 51% and Shell Msyo Pishi 49%, and then there are large plans to reduce the gas associated with gas production Oil, pointing out that we can not give foreign investments because of lack of liquidity and we are limited to companies of the South Gas and Basrah gas to invest in oil and gas. 
For his part, said a member of the Committee on oil and energy parliamentary Tareq Siddiq Rasheed said in a statement that Iraq needs a real direction to invest natural gas associated with oil extraction operations, and reproducing and not wasting it through the exploitation of the optimum, whether for domestic consumption or to operate generators or export such as oil. 
He added that the process of investing this wealth needs industries that rely on locally produced gas to produce different materials covering the growing market demand, such as the manufacture of chemical fertilizers, with the export of the surplus abroad. 
He also pointed out that the indicators confirm the presence of large quantities of gas in Anbar province in western Iraq and in Amara and Basra south, as in the province of Kirkuk, which contains millions of cubic meters of gas. 
Rachid called on the central government to give the gas file of utmost importance, especially as it is included in many local industries.

It is noteworthy that a member of the provincial council of Basra, Mujib al-Hassani said that the increase in gas exports from Basra does not yield its revenues to the province, a subject identical to the subject of oil and the petro-dollar lie. 
Al-Hassani said in a press statement that the increase in gas exports from Basra does not benefit the province as long as the government is the same and the same financial system in force with the survival of those who have lied to Basra on the subject of petro-dollar of oil, noting that what happened to Basra of its production of oil will occur in production And will not benefit from it in any way. "

[new york kevin]

First the Kurds, now the Basranians ? Who is next?

[steveh12]

ME Me Me!!! 

[NoviceInvestor]

19 hours ago, new york kevin said:

First the Kurds, now the Basranians ? Who is next?

Someone...But I doubt it be us ....

[yota691]

A major financial blow to the province of Basra

Economy News _ Baghdad  The head of the oil and gas committee in the Basra provincial council Ali Shaddad al-Fares said on Wednesday that the latest proposal to amend the federal budget paragraphs, which includes the cancellation of the paragraph on petrodollar revenues and reduce the development budget of the provinces will lose the province more than 90% of its budget and make it very embarrassing to the implementing companies For projects.  "Basra province has relied heavily on petrodollars imports in the preparation of its annual plan, especially that the budget of the development of regions amounted to (38 billion dinars), while the allocations of the petrodollar amounted to (297 billion dinars) and in light of the amendment The remaining Basra province does not exceed 10% of its financial benefits. "  Al-Fares revealed that "   Views 15   Date Added 02/08/2017

[Synopsis]

If not relying on petrodollars, then what?

 

Iraq having to stand on it's own internationally traded currency?

 

Or Iraq having to go from a "Closed Economy" to an "Open Economy"?

 

Whatever it is, it looks like something is being forced. So, we'll have to wait and see - somebody(ies) are going to be screaming for money!

 

Go Moola Nova!

[10 YEARS LATER]

28 minutes ago, Synopsis said:

If not relying on petrodollars, then what?

 

Iraq having to stand on it's own internationally traded currency?

 

Or Iraq having to go from a "Closed Economy" to an "Open Economy"?

 

Whatever it is, it looks like something is being forced. So, we'll have to wait and see - somebody(ies) are going to be screaming for money!

 

Go Moola Nova!

 

my inner monologue voice is screaming pretty loud right now for $$$$$ 

[Synopsis]

3 hours ago, 10 YEARS LATER said:

 

my inner monologue voice is screaming pretty loud right now for $$$$$ 

 

Me, too, 10 Years Later! Me, too!

 

The Best Of Your Evening To You, Sir!

 

       

[10 YEARS LATER]

28 minutes ago, Synopsis said:

 

Me, too, 10 Years Later! Me, too!

 

The Best Of Your Evening To You, Sir!

 

       

 

YEP YEP ! To U as well     

[yota691]

Parliamentary warnings of large waste in public money in the ports of Basra and Amaya oil

Readers

 

 

Parliamentary warnings of large waste in public money in the ports of Basra and Amaya oil

 

06-08-2017 06:45 PM

 

The Euphrates -

 

A member of the parliamentary energy committee Jamal Mohammedawi on Sunday from a large waste of public money gets in the ports of Basra oil and blind.

He said during the hosting of the Energy Committee for the advanced cadre of the Ministry of Oil represented by the Ministry of Extraction Affairs Karim Hattab and Director General of the Basra Oil Company Hayan Abdul Ghani that the contract for the rental of floating housing for workers in the export of oil in the port of Khor al-Amaya is full of suspicions of corruption, and represents a great waste of money And the waste of the wealth of Basra Oil Company. According to his press office. 

He pointed out that the port of Al-Aamiyah rents accommodation for its employees at a cost of 55 thousand dollars / day, about 19 million dollars a year, a huge amount compared to the size of services provided in this housing. He expressed his surprise at the waste of this money in the rental of accommodation for workers in the port did not think the company to build adequate accommodation for its employees shall be the property of them and provide them to pay these amounts annually, knowing that they have the financial potential to build a sophisticated apartment instead of renting old dilapidated housing is not available Minimum conditions required for the convenience of employees. 

He added that the Basra oil company was seeking to build housing for workers in the port of Basra oil, which is the main port for the export of Basra oil and the assignment of the tender in 2016 to a company, but the contract was not completed for various reasons and they are now trying to buy housing similar to Khor al-Amaya, For the safety of marine life in the oil platforms because it does not contain amenities and safety.

[yota691]

Details of the escape of the son of Majid Nasrawi to an unknown destination for his involvement in suspicions of corruption in Basra

07-08-2017 01:48 PM

Readers

 

Baghdad News -

 

 

A source in the province of Basra, the arrest of staff in the Office of the province of Basra on the background of their involvement in suspicions of corruption and escape the son of the governor Majid Nasrawi to an unknown destination.

 
The sources said in a press statement that 'a number of employees of the Office of the province of Basra were arrested on charges related to corruption and pay bribes, including the director of government contracts in the Diwan of Basra called' Jaafar al-Maliki 'and the escape of others to an unknown destination, including the son of Governor Majed Nasrawi called' .

 
She added that 'the arrest took place after the issuance of orders from the judiciary to investigate corruption cases'.

The sources pointed out that 'one of the detainees is named Rounq al-Muzaffar, a close friend of the governor's son,' explaining that 'investigations into the files that raised suspicions about corruption continue and will involve prominent and influential figures in Basra.'

[235snack]

The only way they are going to stop the corruption, arrest them.....NOW!  Send the message!

[yota691]

(3989) - Number of readings: 618 - Number (3989)

 

 

Basra is unhappy to delete the "petrodollar" from the budget amendments

 Baghdad / Range 
 

Governor of Basra, yesterday, resorting to the judiciary to challenge the amendment of the budget law, in protest against the decision to delete the petrodollar paragraph of the law. Calling on President Fuad Masum not to ratify the amendment. 
"The local government, both legislative and executive, held a meeting to discuss the implications of the deletion of the (petrodollar) clause in the amendment of the budget law by the House of Representatives," Governor Majid al-Nasrawi said during a conference in Basra. 
Nasraoui said that Basra was scheduled to receive 385 billion dinars under the budget law this year. 
The Governor of Basra that "the deletion of petrodollar by the House of Representatives reflected negatively on all projects in Basra, where the company stopped cleaning work, and delay the payment of salaries of teachers and teachers contracted with the Office of the province, as well as the disruption of the program dispatch patients for treatment outside Iraq, Investment vitality ". 
"Nasraoui that" Basra appeals to the President of the Republic not to ratify the amendment of the law because of the injustice of the right to maintain and disruption of services, and if approved, we have many options, including a lawsuit. 
For his part, said Ahmad al-Sulaiti, head of the Financial Control Committee and follow-up allocations in the Basra Governorate Council during the conference, it is not true that the House of Representatives and the federal government to enact a law to put the right of the provinces to act with certain financial allocations, and then cancel the law after entering the provinces In financial obligations, and therefore we demand the Presidency of the Republic not to ratify the amendment of the law. " 
Al-Sulaiti said that "budgetary allocations have been significantly reduced in accordance with the amendment of the budget law, and therefore we must look for alternatives to finance, and we will try to find sources of funding without harming the interests of citizens."

[Synopsis]

19 minutes ago, yota691 said:

The local government, both legislative and executive, held a meeting to discuss the implications of the deletion of the (petrodollar) clause in the amendment of the budget law by the House of Representatives," Governor Majid al-Nasrawi said during a conference in Basra. 

 

Thank You, Yota, for Your tireless efforts in bringing over all these phenomenal articles and The Best Of Your Day To You!

 

 

I may not be sufficiently versed as to what this could all mean but going off the petrodollar would seem to suggest going to something else. So, my question is, "What is this something else?" Hmmmmmmm...................................... Maybe an implication the IQD is going international and then also being pegged to the Special Drawing Rights (SDRs)???!!! Likely will need an international IQD rate for that to happen. Maybe not 1,000 or 100 or maybe even 10 IQD = 1 USD equivalent. Maybe something stronger than 1 IQD = 1 USD???!!!

 

Looks like we all wait and see how this all pans out.

 

In The Mean Time...................................

 

Go Moola Nova!

[nannab]

Thank ya Yota and good afternoon DV.

[Butifldrm]

 

 

Parliamentary economic: the abolition of the petrodollar came because of the decline in oil revenues

 Baghdad / Zahraa al-Jassim 
 

At the time considered the oil and gas committee in the provincial council of Basra, the proposal to amend the paragraphs of the federal budget to cancel the paragraph on petrodollar revenues and reduce the budget of the development of the provinces will lose the province more than 90% of its budget and make it very embarrassing to the companies executing projects, The amendment came on the basis of the decline in the revenues of the state financial result of the collapse of oil prices and low returns, at the time emphasizes an expert on economic affairs need to be partially modified in the budget paragraphs relating to petrodollar revenues, commensurate with the size and production of the corset A that the disbursement of funds under the supervision of the government, because the basic problem is how to manage these funds through Iyad fair. 
At the time considered the oil and gas committee in the provincial council of Basra, the proposal to amend the paragraphs of the federal budget to cancel the paragraph on petrodollar revenues and reduce the budget of the development of the provinces will lose the province more than 90% of its budget and make it very embarrassing to the companies executing projects, The amendment came on the basis of the decline in the revenues of the state financial result of the collapse of oil prices and low returns, at the time emphasizes an expert in the economic need to be partially modified in the budget paragraphs relating to petrodollar revenues, commensurate with the size of the province and production, That the disbursement of funds under the supervision of the government, because the basic problem is how to manage these funds through Iyad fair. 
Under the petrodollar revenues paragraph, the oil producing provinces are given $ 5 for each barrel of oil to be exported, in addition to the calculation of a financial ratio for natural gas produced in the province, which is included in the Federal Budget Law has not stabilized as it has been reversed, Only one, amid the objection and protest and the threat of oil-producing provinces, which forced the return to the amount of five dollars, to return at the beginning of the adoption of the budget of 2017 attempts to replace the five dollars (5%) of each barrel of oil, which is contrary to the text of the petrodollar, Other Tdjaja deputies and a threat to the provinces of Basra, Maysan , Dhi Qar and Wasit not vote on the budget at the time the law. 
Chairman of the Committee on Oil and Gas in the province of Basra, Ali Shaddad Knight, believes that the recent proposal to amend the paragraphs of the federal budget, which includes the abolition of the paragraph on petrodollar revenues and reduce the budget of the development of the provinces will lose the province more than 90% of its budget and make them in a huge embarrassment to the companies executing projects, In recent press statements, that the province of Basra relied heavily on petrodollar imports in the preparation of its annual plan, especially that the development budget of the regions amounted to (38 billion dinars), while the allocations of petrodollars amounted to (297 billion dinars) and in light of the recent amendment, The Basra Governorate has no more than 10% of its financial benefits, revealing at the same time the formation of a joint committee of the provincial council and the Diwan of the province and the representatives of Basra in the House of Representatives to discuss the issue with the Prime Minister and to inform him of serious repercussions on the general situation in the city of Basra. 
But the member of the parliamentary economic committee Najeeb Najib confirms in an interview for (the extent), that the reasons for the amendment of the paragraph on petrodollar revenues and reduce the proportion of the development of regions in the amended budget law for the year 2017, due to lack of financial revenues of the country as a result of the collapse of oil prices and low oil revenues, , That this is the real reason for the government to make any amendment or non-implementation of the petrodollar in the public budget and not unfair as seen by some. 
Najib points out: That the issue of the semi-provinces producing oil is not a barrier, and we are with the half of those provinces being affected by the environmental because of the containment of a lot of oil and gas reserves, therefore must be the establishment of important projects in accordance with the huge oil reserves, and should be attention to the infrastructure being And we are with the application of the budget law, which stipulated five dollars per barrel, according to the petrodollar revenues of the provinces, but we emphasize that the real problem behind the non-payment of funds to these provinces or an adjustment of budget paragraphs due to the lack of oil revenues, Following the lack of financial state revenues. 
For his part, the economic expert Bassem Antoine said in an interview with (the extent), that the main problem is how to manage these funds and how can be given in the hands of impartial, on the other hand, the provincial councils had received a lot of money, but did not improve it , But added: However, we believe that certain sections should be allocated with an audit by the Office of Financial Supervision that these funds go to profitable places to pay obligations whether to contractors or private sector or government projects until the problem is solved radically. 
Antoine continues: Yes, there may not be an amount to meet all the obligations, but it is difficult to spend part of these amounts to the provincial councils, especially since Basra is an oil producing city and has a very important role in the process of providing the state budget with huge financial revenues, Projects and obligations and this requires that the amounts distributed on a fair basis and according to the benefits of each province, and whether it is productive or not productive and certain rates, according to the number of population or according to the number of projects and existing commitments, so there is justice in the distribution of petrodollars, Modification of the budget paragraphs in question p And in proportion to the size of the province and its production and that there is supervision by the government in the process of disbursement and to spend on places and projects really useful for the province to ensure that not waste. 
To that, specialists see that the handover of the oil-producing provinces of petrodollars can help to invest these amounts in dealing with the economic problems they suffer and to improve their economic and living conditions, which can be used to rehabilitate the infrastructure of these governorates of electricity, water, transport, communications and housing. , And the establishment of various economic projects will help in the absorption of unemployment and reduce its proportion in the provinces, and this will affect the advancement and development of economy. 
The Iraqi federal budget for 2017, 100 trillion (84.7 billion dollars), and the expected deficit 21 trillion (17.7 billion dollars), which necessitated the government to add the supplementary budget.

 

http://www.almadapaper.net/ar/news/534273/الاقتصادية-البرلمانية-إلغاء-البترودولار-

[yota691]

Deputy: No one has the right to deprive the petrodollar from Basra

 

Thursday 10 August

 

 

 

Alsumaria News / Baghdad  considered the deputy for the province of Basra Rehab al-Abbouda, on Thursday, allocations petrodollar allocated to maintain in the federal budget natural maturity, asserting that no one has the right to rob this right.  The slave said in a statement received Alsumaria News a copy of it, "The petrodollar allocated to the province of Basra in the federal budget is a natural entitlement," indicating that "when the supplementary budget we deleted the paragraph that deprives this right of the province based on the version submitted by the government, From that we see that the ministries address the province of Basra as the dollar has been canceled and this is contrary to the federal budget law.   "We will work to follow up the implementation of the budget with the Ministry of Finance to ensure the acquisition of the rights of Basra from federal financial allocations," she said, while attending a meeting of the provincial council of Basra today, that "no one has the right to steal this right.  "It was agreed to form a joint committee of each of the members of the House of Representatives and members of the Provincial Council and the Office of the province to follow up outstanding issues with the federal government in Baghdad during a meeting attended by Governor of Basra Majid Nasrawi and a group of members of parliament in the session of the provincial council, Governorate Waleed Kitan ".

[yota691]

Deputy: The government reduced the rate of petrodollars and sent an amendment to the abolition of district councils

 

 Since 2017-08-26 at 12:16 (Baghdad time)

Baghdad Mawazine News

The MP for the National Alliance Hilal Sahlani , Saturday, the government has reduced the proportion of petrodollars to the producing provinces, while noting that it sent a list of amendments to the law of the provinces includes the abolition of district councils.

"The list of new amendments received by the government in the third draft amendment to the Provincial Law No. 21 includes the abolition of the district councils and the reduction of the number of members of the provincial councils," Sahlani said in a statement received by Mawazine News .

" We have received information that the Provincial Affairs Committee supports the re-voting on the former Article 1, which was previously voted, which abolished the district councils."

He pointed out that "the government has also reduced the percentage of petrodollars of the producing provinces, from $ 5 per barrel of oil extracted and refined, to 5%."

He continued, "The government amendment classifies general managers, who are appointed centrally and who are appointed by local governments, that is, every director-general receives his salary from the budget of the province is subject to the authority and competence of the governor, either the salary of the federal government is assigned centrally."

[yota691]

Deputy for Basra: The rights of [petrodollars] a big lie

Editorial date: 2017/10/9 23:39 • 242 times read

[Ayna - Baghdad] 
MP for the province of Basra, Faleh al - Khazali, the federal government is unfair with Basra and it did not receive one dinar of the budget of 2017.

"The federal government is unfair with the province of Basra," Khazali said in a press statement on Tuesday. "The budgets for the last three years are written on paper only and we have made great efforts with the government, but we only met promises that are not true, . 
"The rights of [petrodollars] lie a large victim of oil-producing provinces," he said. 
He pointed out that "we agreed as deputies all for the province of Basra with the Finance Committee and the Prime Minister to give the treasury bonds for the rights of the provinces of oil producing for 2017, but the government challenged the budget."

 

 

[Big_J]

[yota691]

Basra receives the first batch of petrodollars

09/6/2018 12:00 am  I promised to distribute it according to priorities Baghdad / Al-Sabah The governor of Basra, Asaad al-Eidani, for the receipt of the province's first batch of petrodollar dues for the current year, to be disbursed payments of this installment according to priorities starting this week. In a press statement on the sidelines of his meeting at the headquarters of the Journalists Syndicate in Basra, al-Eidani said that for the first time, Basra received the "real funds" for the first time, explaining that the priority of disbursement of these amounts is to secure the dues of workers in the  field of cleaning, (Referring to staff contracts), as well as funding for stalled projects, and all contractors were informed of the return  to work. He explained that he personally follows the completion of financial assets in the accounts section of the province to spend the money during this week, noting that the central instructions contained in that financial payment, it is pointed out that in the event of disbursement of funds (complete zero) will be launched a second payment, likely to be after Eid Al-Mushriq Al-Mubarak to spend the dues of the previous contractors incurred by the province from 2011 until 2018 by 75 billion dinars, and the Ministry of Finance will release the insurance of previous contractors up to 63 billion dinars.   On the other hand, he pointed out that the water file is a federal file, and the central government is negotiating with both Turkey and Iran to secure sufficient water for the country, pointing out that Basra has strategic projects in the water sector to confront salinity, including the desalination project, The Council of Ministers is working on it through a government committee that includes the Ministry of Oil, Municipalities, Water Resources and the Governorate of Basrah. There is also a study from the German company Camier in this regard, in addition to other international companies interested in the project of thermal plant that produces water and electricity in Faw district. Project may not Its implementation sank for about 3 years.  At the end of his speech, al-Eidani promised to replace any director of a department in the province to prove his lack of performance and install an alternative proxy until the choice of permanent alternative through the vote of the provincial council, which has full powers in   this regard.

[yota691]

Basra gets 97 billion dinars from its budget for the current year

 

Saturday 9 June

 

 

Alsumaria News / Basra   The local government in Basra, on Friday, that the Ministry of Finance disbursed to the province 97 billion dinars as part of its budget for the current year, confirming that the proportion of these amounts were allocated to complete the implementation of service projects suspended.   The governor said Asad al-Eidani said in an interview with Alsumaria News, "The Ministry of Finance launched the first batch of funds of Basra as part of the allocations (petrodollar), where the disbursement 97 billion dinars," noting that "these amounts were paid three months late for thousands of staff in the Diwan The province will be working in the form of contracts, and will be over the next week to pay the salaries of workers according to the system of daily wages in the districts and districts, and will be completed the implementation of some service projects stalled, and we informed the contractors to return to work and completion.       He pointed out that "the electricity sector has priority in the implementation of projects, and from next month will see this vital sector improved." He added that "Basra is expected to get a second payment of its funds after the completion of the first batch."  It is noteworthy that Basra did not get the bulk of their financial allocations during the past three years, and as a result, the province did not witness the implementation of new vital projects, and stopped the implementation of dozens of projects before completion, which led to deterioration of services doubled the suffering of citizens taking into account that the most projects that Implemented before 2014 was not the level of ambition, and some of them failed, and was marred by waste in public money because of corruption and poor planning and inefficiency of some of the executing companies.

[nannab]

Good morning Yota and DV. 

[Officiallytook]

Come on Iraq...

Edited June 9, 2018 by Officiallytook