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The Dismantling Of The OIL AND GAS LAW on 3 projects to facilitate its adoption in Parliament !


DinarThug
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6 hours ago, DinarThug said:

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The Parliamentary Decree: The passing of this law ends the eternal dispute between Baghdad and Erbil


12:18 - 15/04/2018
 
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The head of the parliamentary legal committee Mohsen al-Saadoun said on Saturday that the adoption of the law of oil and gas contribute to ending the eternal dispute between Baghdad and Erbil, referring to the parliament received more than five drafts of the law during the previous two sessions.

 "The approval of the oil and gas law contributes to ending the eternal dispute between Baghdad and Erbil and determines the responsibility of each party to manage natural resources," Al-Saadoun said in a statement to Al-Mawdhara. "The oil and gas committee received more than five different drafts of the oil and gas law during the previous two sessions, .

He added that "the House of Representatives failed to explain Article 112 and 111 of the Constitution, which caused the disruption of the passage of the law, despite its importance," ruling out "finding a final version because of differences solutions to the eligibility of the parties to the conflict."

"The disruption of the law of oil and gas caused a major crisis between Baghdad and Erbil has reached the threat of wars between them, while the adoption of the law will ensure the legal and constitutional right to each party, whether the province or province."

I can only hope they would bump this to the top of the list of the laws to read on Tuesday.  Maybe they can get a quorum with the threat of legal action on those members of parliament that don't show up for their duties. 

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The Parliamentary Decree: The passing of this law ends the eternal dispute between Baghdad and Erbil


12:18 - 15/04/2018
 
%D8%A8%D8%BA%D8%AF%D8%A7%D8%AF-%D8%A7%D8

 

The head of the parliamentary legal committee Mohsen al-Saadoun said on Saturday that the adoption of the law of oil and gas contribute to ending the eternal dispute between Baghdad and Erbil, referring to the parliament received more than five drafts of the law during the previous two sessions.

 "The approval of the oil and gas law contributes to ending the eternal dispute between Baghdad and Erbil and determines the responsibility of each party to manage natural resources," Al-Saadoun said in a statement to Al-Mawdhara. "The oil and gas committee received more than five different drafts of the oil and gas law during the previous two sessions, .

He added that "the House of Representatives failed to explain Article 112 and 111 of the Constitution, which caused the disruption of the passage of the law, despite its importance," ruling out "finding a final version because of differences solutions to the eligibility of the parties to the conflict."

"The disruption of the law of oil and gas caused a major crisis between Baghdad and Erbil has reached the threat of wars between them, while the adoption of the law will ensure the legal and constitutional right to each party, whether the province or province."

 

 

7 hours ago, DinarThug said:

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The Parliamentary Decree: The passing of this law ends the eternal dispute between Baghdad and Erbil


12:18 - 15/04/2018
 
%D8%A8%D8%BA%D8%AF%D8%A7%D8%AF-%D8%A7%D8

 

The head of the parliamentary legal committee Mohsen al-Saadoun said on Saturday that the adoption of the law of oil and gas contribute to ending the eternal dispute between Baghdad and Erbil, referring to the parliament received more than five drafts of the law during the previous two sessions.

 "The approval of the oil and gas law contributes to ending the eternal dispute between Baghdad and Erbil and determines the responsibility of each party to manage natural resources," Al-Saadoun said in a statement to Al-Mawdhara. "The oil and gas committee received more than five different drafts of the oil and gas law during the previous two sessions, .

He added that "the House of Representatives failed to explain Article 112 and 111 of the Constitution, which caused the disruption of the passage of the law, despite its importance," ruling out "finding a final version because of differences solutions to the eligibility of the parties to the conflict."

"The disruption of the law of oil and gas caused a major crisis between Baghdad and Erbil has reached the threat of wars between them, while the adoption of the law will ensure the legal and constitutional right to each party, whether the province or province."

 

This Is Basically The Same Article As Above But With A Mildly Different Translation - For Instance The First 3 Words Of The Title ‘The Parliamentary Decree:’ vs ‘The Parliamentary Law:’

 

 

Perhaps A Bit More Importantly Is That It’s From A Different News Agency - And Now This Story Has Been Picked Up By Multiple Outlets ...

 

 

The parliamentary law: the adoption of oil and gas law ends the dispute between Baghdad and Erbil

 

16/4/2018 12:00 am 

 BAGHDAD / Al-Sabah 

The head of the parliamentary legal committee, Muhsen al-Saadoun, that the adoption of the law of oil and gas contribute to ending the eternal dispute between Baghdad and Erbil, noting that the parliament received more than five drafts of the law during the previous two sessions. 

Al-Saadoun said in a press statement that "the approval of the oil and gas law contributes to ending the eternal dispute between Baghdad and Erbil and determines the responsibility of each party to manage natural resources." 

"The House of Representatives failed to interpret Article 112 and 111 of the Constitution, which caused the disruption of the passage of the law, despite its importance," he added, ruling out "finding a final version because of differences on the eligibility of the parties to the conflict."

Al-Saadoun pointed out that "the disruption of the oil and gas law caused a major crisis between Baghdad and Arbil has reached the threat of war between them, while the adoption of the law will ensure the legal and constitutional right of each party, whether a province or a territory

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South Korea's imports plunged 39.3 percent from Iran's oil
تراجع Ùاردات ÙÙرÙا اÙجÙÙبÙØ© بÙسبة 39.3% Ù٠اÙÙÙØ· اÙاÙراÙÙ 

 

15th April 2018

Revealed customs data, on Sunday, South Korea 's imports of Iranian oil fell 39.3% in March compared to a year ago due to the slowdown in demand for Iranian crude.

The world's fifth-largest oil importer imported 1.37 million tons of Iranian crude in March, equivalent to 324,000 and 612 barrels per day, compared with 2.26 million tonnes a year ago, when import volume hit a record high, according to figures.
 
Seoul has cut its purchases of Iranian crude in recent months from last year's levels, despite Iran's efforts to keep its customers in Asia by cutting the official selling price. Three sources said this came as NOC cut supply to South Korea by 3 million barrels per month this month due to reduced production and the start of a new separation unit. Importers of condensates in South Korea are working to diversify supplies in anticipation of new US sanctions against Iran.

In the first quarter of 2018, South Korea's imports from Iran dropped 39.4 percent to 3.45 million tons, equivalent to 280,736 barrels per day compared to 5.69 million tons in the same period a year earlier. Imports from Qatar in the first quarter of the year were 2.19 million tons or 178,652 barrels per day, up 2.4 percent from 2.14 million tonnes a year earlier. South Korea is likely to turn into Qatari capacitors as an alternative to Iranian supplies. South Korea's imports totaled 10.91 million tons, or 2.58 million bpd, down 14 percent from 12.68 million tons a year earlier.

In the first three months of the year, South Korea imported 36.70 million tons of crude, or about 3 million barrels per day, down 0.4 percent from 36.88 million tons a year earlier. The Korean National Oil Corporation (NOC) issues final data for March crude imports later this month.
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Iraq is the second largest importer of Iranian gas


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15th April, 2018

Iran began exporting gas to Baghdad in late July 2017 via the Naft Shahr plant in the western province of Kremashan. Officials in the Iranian oil industry confirmed Iraq's import of 1.2 billion cubic meters of gas until the end of the winter (March 20, 2018)

Iraq has become the second largest importer of Iranian natural gas at around 14 million cubic meters per day, after Turkey, which imports about 30 million cubic meters per day, according to statistics

Iran has signed two contracts to pump gas to Iraq, the first of the capital Baghdad by passing 25 million cubic meters per day and the second to the southern province of Basra, which is still under planning, where the completion of the transit station in the area of Shalamjah in southwestern Iran to transport gas to Basra, Iraqi readiness to do so

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Abadi: Iraq has overcome the economic crisis left by the fall in oil prices


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 15th April, 2018

Prime Minister Haidar al-Abadi said that Iraq has overcome the economic crisis caused by the drop in oil prices in 2014.

Abadi said in an interview with a number of local satellite channels and his "Economic News", "Iraq sells its oil at a price of 62 dollars during the current days, although the cost of oil production fixed, which affected the volume of expenditures," noting that "some political parties formed an economic committee And began to take shares of enterprises, which is considered a gain is illegal. "

He added that "Iraq created a ground for the work of international companies, which has become a desire of Japanese companies to invest in Iraq," explaining that "the next battle is construction, reconstruction and investment, and must maintain security to facilitate the work of investors."

He pointed out that "the reforms we have launched include the suspension of pensions for officials who receive 80% of the total salary and allowances," noting that "Iraq for the first time began to benefit from gas associated with production, which contributes to reducing environmental pollution."

He pointed out that "Iraq encourages the growth of small and medium enterprises through the granting of loans to them, which is reflected positively on the economy," pointing out that "small and medium-sized companies will create hundreds of thousands of jobs, which reduces the rates of unemployment and poverty

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1 hour ago, DinarThug said:

small and medium-sized companies will create hundreds of thousands of jobs

 

And pay them with what?????  Work for pennies a day?????  Best RV your currency Abadi if you want to

 

1 hour ago, DinarThug said:

which reduces the rates of unemployment and poverty

 

SR

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A group of oil experts are sending an open letter to the three presidencies on the law of the National Oil Company

Screenshot-2018-3-18-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%D9%8A%D8%B7%D9%88%D9%91%D8%B1-%D9%82%D8%B7%D8%A7%D8%B9-%D8%A7%D9%84%D8%B7%D8%A7%D9%82%D8%A9-%D8%A8%D9%85%D8%B4%D8%B1%D9%88%D8%B9-%D8%B4%D8%B1%D9%83%D8%A9-%D9%88%D8%B7%D9%86%D9%8A%D9%91%D8%A9-%D8%AA%D8%B3%D8%AA%D8%AE%D8%B1%D8%AC-%D8%A7%D9%84%D9%86%D9%81%D8%B7-%D9%88%D8%AA%D9%8F%D8%B5%D9%86%D9%91%D8%B9-%D9%85%D9%86%D8%AA%D8%AC%D8%A7%D8%AA%D9%87-660x330.png 

 

16th April, 2018
Mr. President of the Republic of Iraq

Dear Prime Minister

Mr. Speaker of the House of Representatives

Distinguished Deputies

Dear Minister of Oil

Iraqi newspapers

Open letter on the law of the National Oil Company

No. 2018 )

We welcome the issuance of a law for the Iraqi National Oil Company in accordance with the privacy and priorities of its work, and we consider it a step forward. We believe that the executive authority is the authority responsible for the management of oil and gas in accordance with Article 112 of the Constitution and that the aforementioned draft law has been approved by the Council of Representatives and approved by the President of the Republic. It has not been submitted by the Executive, as we the undersigned, to present to you the following observations, hoping to take them into consideration when reviewing the articles of the law.

First - Establishment and independence of the company

1. Article 2 (1) of the new law states that "the company shall enjoy financial and administrative independence and shall be linked to the Council of Ministers ...". We believe there is a contradiction between the fact that the company is financially and administratively independent and that it is linked to the Council of Ministers, unless the company's relationship with the Council of Ministers is determined financially and administratively.

2 - According to Article (10 - second) of the law, the Minister of Oil has the right to object to the decisions of the company and submit alternative proposals to the Council of Ministers for approval. This would undermine the independence of the company and allow for interference in its affairs by the ministry, which must be concerned with the matters of policy and planning, in accordance with Article 112 (II) of the Constitution, and leave the executive and operational matters of the company, in accordance with Article (112) The company shall abide by the oil policy of the State as regulated by the laws and regulations in force, including the Law for the maintenance of oil wealth and the long-awaited oil and gas law. We must not forget what happened to the company in 1987 when it was merged into the ministry because of administrative differences between the two parties.

II. Objectives

1 - Article (3) of the new law, that the work of the company includes exploration and production of oil and gas and development fields. In addition, one of the company's objectives and business is marketing and investment in manufacturing. We hope that the company will return to life again, but its main objective is to remain in the field of exploration, production and development of fields, because other areas, including marketing and liquidation, will weaken its work technically and administratively, Which is not only managing the current production operations, but also managing and developing the fields of oil and gas reserves currently known (proven) and estimated at (140) billion barrels of oil and (110) trillion cubic feet of gas. Note that exploration in the country has not yet been completed. After its completion, oil and gas reserves could rise to more than double their current size. It is worth noting that the level of performance of the current oil companies associated with the Ministry of Oil is not enviable, how then will be the level of performance if the expansion of the company's new tasks to include manufacturing industries and Sumo and others? And how can the company perform its tasks efficiently, if its technical and administrative staff remain at the same level as the current, and the appointments were based on non-professional basis?

Third: The company's capital

The determination of the company's capital by four hundred billion dinars, which can be increased with the approval of the Council of Ministers (Article 5) is not consistent with being financially and administratively independent. On the one hand, this amount determines the company's ability to invest because of its size. On the other hand, it is not consistent with being financially independent, because it will depend on state finance unless it is allowed to make profits subject to income tax and added to its working capital. Companies considered. Article (11) of the law allows the company to achieve a percentage of profits after deducting the share of the state, but these profits go to the "reserve capital" fund, according to article (12) of the law. It is not clear whether the fund's balance can be used to enhance the company's working capital, or is used only in case of emergency.

IV. Four funds

Articles 11 and 12 of the law also note that the law allows the deduction of at least 10% of the remaining oil imports after deducting all the investment and operational costs of the company. And that what is deducted is distributed to four funds, one for the capital reserve and the second for the citizen and the third for generations and the fourth for reconstruction. Commenting on this, we say:

1. The principle of withholding at least 10% of the oil imports is difficult to justify in these circumstances. The internal and external debt of Iraq is high and the reconstruction of the cities it has devastated is a big boost. In addition, oil prices are still unstable and may fall again.

2 - The distribution of profits to citizens, as well as being a drop in the sea, it strengthens the culture of dependency on the state, and as a result it exacerbates the rent situation of the Iraqi economy, not the other way around.

3 - If there is not enough money for the current generation, how can we open a fund "for future generations? However, when sufficient funds are available in the future, a fund can be opened for generations, some of which also cover some of the annual budget deficit.

4 - In addition, the financial and technical management of these mega projects is not within the jurisdiction of the National Oil Company, as it does not have qualified cadres for this work, and it must create new departments with financial, banking and legal powers to manage the citizens and generations funds, , Which is not easy, especially on the company is still in the first way.

V. Distribution of profits

Under Article 12 ter of the Law, the profits of the Citizen Fund shall be distributed to Iraqis living in Iraq with equal shares. These profits are hidden from the regions and governorates that refrain from delivering oil and gas revenues to the company.

This article of the law raises many questions, perhaps the most important: Are federal laws binding for all or can be bypassed by the region and the provinces? If it is binding on all, why talk about the delivery of oil revenues or not? Is this not to question the usefulness of federal laws? . From the constitutional point of view, is the House of Representatives entitled to distinguish between Iraqis inside and outside and legislate one without the other? Can this be overcome by turning the Citizen's Fund into a needy fund that is below the poverty line, replacing the existing social welfare fund, burdened with excesses and inefficiency?

VI - Relationship with the Kurdistan Region

Although article 2 (2) of the law says that the company carries out its activities in all the territory of the Republic of Iraq and abroad on behalf of the Iraqi state, but the oil relationship with the Kurdistan region is not clear, except as stated in Article (6) of the law, Natural in the Region as a member of the Board of Directors of the Company. The questions that come to mind are who will coordinate the production and transport operations in the region, and what is the role of the company? Who will negotiate and sign new contracts in the region? In short, will apply in the province what applies in the producing provinces?

VII. Relationship with productive governorates

In accordance with article (112) of the Constitution, the company should manage oil and gas with the governments of the region and the producing provinces. However, if we look at article (6) of the law, we note that the board of directors of the company does not organize representatives of all producing provinces. How then will coordination with the provinces producing, not represented in the board of directors of the company? Will they be involved in discussing things that concern them only or what?

In conclusion, we see the need to wait for the implementation of the law until the necessary amendments, taking into account our observations, and you are very grateful and respect.

Signatories

Tarek Ihsan Shafiq, founder and executive director of the Iraqi National Oil Company, 1964 • Oil consultant until now .

Thamer Hamid Alaگala, former director general of several Iraqi belonging to the Ministry of Oil Companies / National Oil Company, another Ha Director General of the Iraqi Drilling Company, 1993. Oil consultant so far .

Kamel Mahmoud Al-Muhaidi, Deputy Director General for Planning and Studies, and a researcher and oil consultant currently .

Dr. Hashim Al Khorsan, Member of the National Oil Company of Iraq 1977-1987, President of North Oil Company 1979, Director General of Oil Exploration Company 1982-1990, Technical and Economic Advisor, Mobil Oil Company 1992, Head of Pioneer American branch in Tunisia until 2010. Currently Consultant .

Qahtan Humaid Al Anbuge, Director of North Refinery Projects and Director General of several companies in the Ministries of Oil and Industry and the National Oil and Gas Manufacturing Department of the Ministry of Oil, until 2004, currently consultant engineer .

Alaa Kazim Al Khatib, worked in reservoir engineering and development of oil and gas fields in Iraq and the United States and five other countries Abdul Zahra Jouda Kazem Al-Mohamadawi, Consultant Engineer, has over 30 years of experience in oil exploration .

Hussein Mahmoud al-Muhaidi, an oil expert, has more than 35 years of experience in production geology, oil engineering and drilling .

Adel Alani, Consultant Engineer, Development Drilling Manager, Former Materials Manager, South Oil Company, Director of a number of drilling projects in a number of companies outside Iraq and within it, and the Managing Director of Al Arab for Oil Equipment Maintenance .

10 Moaz Fayadh, consultant oil engineer, for operations of oil and gas wells

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Is It Just Me - Or Does This Look Like They’re Finally Cranking Open The Valves To Pass The Gas ! :o 

 

:D  :D  :D 

 

 

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The three presidencies are briefed on the articles of the National Oil Company Law

565366535633.jpg
 
2018-04-16 at 18:42 (Baghdad time)

The oil and energy specialists, on Monday, the three presidencies, in addition to members of parliament and the Minister of Oil and Iraqi newspapers, remarks on the articles of the law of the Iraqi National Oil Company.

"We welcome the issuance of a law for the Iraqi National Oil Company in accordance with the privacy and priorities of its work, and we consider it a step forward, and in view of its importance and our keenness to work efficiently without any physical or administrative obstacles, the specialists said in an open letter on the law of the National Oil Company, We believe that the executive authority is the authority concerned with the management of oil and gas according to Article 112 of the Constitution. Since the aforementioned draft law was approved by the Council of Representatives and then approved by the President of the Republic, although it was not submitted by the Executive, , Hoping to take it into consideration To be considered when reviewing the articles of the law. "

2 - According to Article 10 - Second of the law, the Minister of Oil has the right to object to the decisions of the company and submit alternative proposals to the Council of Ministers for approval, which would detract from the independence of the company and allow the interference in its affairs by the ministry, which must be concerned with policy and planning , In accordance with Article 112 of the Constitution, and leaves the executive and operational matters of the Company, in accordance with Article 112 (1) of the Constitution, that the company shall abide by the oil policy of the State as regulated by the laws and regulations in force, And we must not forget what h The company in 1987 when it was incorporated into the ministry because of administrative differences between the parties. "

In addition, one of the company's objectives and business is marketing and investing in manufacturing. In response to these ambitious goals, we welcome the company's return to life again, but its main objective is to remain in the field of exploration and production and field development, because other areas, And the liquidation will weaken its work technically and administratively, which affects the efficiency of its performance in the field of its basic work, which is not only the management of current production processes but also management and development of fields of oil and gas reserves currently known (proven) and estimated at (140) billion barrels of oil and (110) Trillion cubic feet Gas, noting that the exploration in the country is not yet completed, and after completion may increase oil and gas reserves to more than double the size of the current, and here it is useful to note that the level of performance of current oil companies associated with the Ministry of Oil is not enviable, so how will be the level of performance if The company's new functions have expanded to include manufacturing industries Sumo and others? And how can the company perform its tasks efficiently, if its technical and administrative staff remain at the same level as the current, and the appointments were based on non-professional basis? "

"The company's capital is 400 billion dinars, which can be increased with the approval of the Council of Ministers (Article 5). It is not consistent with being financially and administratively independent. On the one hand, this amount determines the company's ability to invest because of its size, On the other hand, it is not compatible with being financially independent, because it will remain dependent on state finance, unless it is allowed to make profits subject to income tax and added to its working capital, in order to qualify for competition with the companies considered. Article 11 of the law allows the company To achieve a percentage of profits, after deducting the share of the State, but these profits B to fund (capital reserve), according to Article 12 of the law, and it is not clear whether it is possible to use the balance of this fund to strengthen the company's working capital, or whether it is not used only in case of emergency conditions only. "

The specialists added that the law allows the deduction of at least 10% of the remaining oil imports after deducting all the investment and operating costs of the company. The first principle is to reserve the capital and the second to the citizen and the third to the generations and the fourth to the reconstruction. In response to this, we say: 1 - The principle of deducting at least 10% of the oil imports is difficult to justify in these circumstances experienced by the country, The high externalities and the requirements for the reconstruction of the cities that have been devastated by a big call The distribution of profits to citizens, as well as being a drop in the sea, it strengthens the culture of dependence on the state, and as a result it exacerbates the rent situation of the Iraqi economy, and not vice versa, 3 - if there is not enough funds for the generation How can we open a fund " For future generations? However, when sufficient funds are available in the future, a fund can be opened for generations, some of which also cover some of the annual budget deficit. 4. In addition, the financial and technical management of these large projects is not within the jurisdiction of the National Oil Company, To create new departments with financial, banking and legal powers to manage the citizens and generations funds, and create an engineering and economic department to manage the reconstruction fund project, which is not easy, especially on the company is still in the first way.

"(5) The distribution of profits under Article 12 ter of the Law distributes the profits of the Citizen Fund to Iraqis residing in Iraq with equal shares. These profits shall be withheld from the regions and governorates that refrain from delivering oil and gas revenues to the Company. The article of the law raises many questions, perhaps the most important: Are federal laws binding for all or can be bypassed by the region and the provinces? And if binding to all why talk about the delivery of oil revenues or not? , Is the right of the Council of Intent The distinction between Iraqis inside and outside and is prescribed for the one without the other? Is it possible to go beyond that by converting the fund to needy citizens who fund are below the poverty line, thus replacing the current social welfare fund, burdened with abuses and inefficiency? ".

According to the letter, "the relationship with the Kurdistan region", although article 2 (2) of the law said that the company is operating in all the territory of the Republic of Iraq and abroad on behalf of the Iraqi state, but the oil relationship with the Kurdistan region is not clear, Except as provided in Article 6 of the Law, the appointment of the Undersecretary of the Ministry of Natural Resources in the Region as a member of the Board of Directors of the Company, the questions that come to mind are who will coordinate the production and transport operations in the Territory, and what is the role of the company? In short, will the province apply what is applied in the governorates? Produced? ".

"Article VII of the Constitution stipulates that the company shall manage oil and gas with the governments of the region and the producing provinces. However, if we look at article (6) of the law, we note that the board of directors of the company does not Which will not be represented in the board of directors of the company? Will they be involved in the discussion of things that concern them only or what ?, Mirdvin said: "In conclusion, we see the need to wait for the implementation of the law until the necessary adjustments, Taking our observations into account, you are very kind Thanks and respect ".

(Tariq Ihsan Shafiq), founder and executive director of the Iraqi National Oil Company, 1964, oil consultant to date (Thamer Hamid al-Akeili), former Director General of several companies belonging to the Ministry of Oil / Iraqi National Oil Company, , 1993. Oil consultant to date, Kamel Mahmoud Al-Muhaidi, Deputy Director General for Planning and Studies, former oil researcher and consultant, Hashim Al-Khorsan, Member of the National Oil Company, 1977-1987. 1990, Technical and Economic Consultant, Mobil Oil Company 1992, Head of Pioneer American Branch in Tunisia until 2010. He is currently an advisor to Qahtan Hamid Al Anbuge, Director of North Refinery Projects and Director General of several companies in the Ministries of Oil and Industry and the National Oil and Gas Manufacturing Department of the Ministry of Oil until 2004, currently Consultant Engineer (Alaa Kazim Al Khatib). Iraq, the United States and five other countries (Abdul Zahra Kouda Mohammad Al-Mohamadawi), consultant engineer, over 30 years of experience in oil exploration (Hussein Mahmoud Al-Muhaidi), an oil expert with more than 35 years of experience in production geology, (Adel Alani), Consultant Engineer, Director of Drilling Development Leary, director of the material previously in the South Oil Company, the director of a number of drilling projects in a number of companies inside and outside Iraq, and managing director of the Arab Company for the maintenance of oil equipment, (Maaz al-Fayad), an oil engineer consultant, operations of oil wells and Algaz.

 

Edited by DinarThug
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21 minutes ago, DinarThug said:

Is It Just Me - Or Does This Look Like They’re Finally Cranking Open The Valves To Pass The Gas ! :o 

 

:D  :D  :D 

 

 

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The three presidencies are briefed on the articles of the National Oil Company Law

565366535633.jpg
 
2018-04-16 at 18:42 (Baghdad time)

The oil and energy specialists, on Monday, the three presidencies, in addition to members of parliament and the Minister of Oil and Iraqi newspapers, remarks on the articles of the law of the Iraqi National Oil Company.

"We welcome the issuance of a law for the Iraqi National Oil Company in accordance with the privacy and priorities of its work, and we consider it a step forward, and in view of its importance and our keenness to work efficiently without any physical or administrative obstacles, the specialists said in an open letter on the law of the National Oil Company, We believe that the executive authority is the authority concerned with the management of oil and gas according to Article 112 of the Constitution. Since the aforementioned draft law was approved by the Council of Representatives and then approved by the President of the Republic, although it was not submitted by the Executive, , Hoping to take it into consideration To be considered when reviewing the articles of the law. "

2 - According to Article 10 - Second of the law, the Minister of Oil has the right to object to the decisions of the company and submit alternative proposals to the Council of Ministers for approval, which would detract from the independence of the company and allow the interference in its affairs by the ministry, which must be concerned with policy and planning , In accordance with Article 112 of the Constitution, and leaves the executive and operational matters of the Company, in accordance with Article 112 (1) of the Constitution, that the company shall abide by the oil policy of the State as regulated by the laws and regulations in force, And we must not forget what h The company in 1987 when it was incorporated into the ministry because of administrative differences between the parties. "

In addition, one of the company's objectives and business is marketing and investing in manufacturing. In response to these ambitious goals, we welcome the company's return to life again, but its main objective is to remain in the field of exploration and production and field development, because other areas, And the liquidation will weaken its work technically and administratively, which affects the efficiency of its performance in the field of its basic work, which is not only the management of current production processes but also management and development of fields of oil and gas reserves currently known (proven) and estimated at (140) billion barrels of oil and (110) Trillion cubic feet Gas, noting that the exploration in the country is not yet completed, and after completion may increase oil and gas reserves to more than double the size of the current, and here it is useful to note that the level of performance of current oil companies associated with the Ministry of Oil is not enviable, so how will be the level of performance if The company's new functions have expanded to include manufacturing industries Sumo and others? And how can the company perform its tasks efficiently, if its technical and administrative staff remain at the same level as the current, and the appointments were based on non-professional basis? "

"The company's capital is 400 billion dinars, which can be increased with the approval of the Council of Ministers (Article 5). It is not consistent with being financially and administratively independent. On the one hand, this amount determines the company's ability to invest because of its size, On the other hand, it is not compatible with being financially independent, because it will remain dependent on state finance, unless it is allowed to make profits subject to income tax and added to its working capital, in order to qualify for competition with the companies considered. Article 11 of the law allows the company To achieve a percentage of profits, after deducting the share of the State, but these profits B to fund (capital reserve), according to Article 12 of the law, and it is not clear whether it is possible to use the balance of this fund to strengthen the company's working capital, or whether it is not used only in case of emergency conditions only. "

The specialists added that the law allows the deduction of at least 10% of the remaining oil imports after deducting all the investment and operating costs of the company. The first principle is to reserve the capital and the second to the citizen and the third to the generations and the fourth to the reconstruction. In response to this, we say: 1 - The principle of deducting at least 10% of the oil imports is difficult to justify in these circumstances experienced by the country, The high externalities and the requirements for the reconstruction of the cities that have been devastated by a big call The distribution of profits to citizens, as well as being a drop in the sea, it strengthens the culture of dependence on the state, and as a result it exacerbates the rent situation of the Iraqi economy, and not vice versa, 3 - if there is not enough funds for the generation How can we open a fund " For future generations? However, when sufficient funds are available in the future, a fund can be opened for generations, some of which also cover some of the annual budget deficit. 4. In addition, the financial and technical management of these large projects is not within the jurisdiction of the National Oil Company, To create new departments with financial, banking and legal powers to manage the citizens and generations funds, and create an engineering and economic department to manage the reconstruction fund project, which is not easy, especially on the company is still in the first way.

"(5) The distribution of profits under Article 12 ter of the Law distributes the profits of the Citizen Fund to Iraqis residing in Iraq with equal shares. These profits shall be withheld from the regions and governorates that refrain from delivering oil and gas revenues to the Company. The article of the law raises many questions, perhaps the most important: Are federal laws binding for all or can be bypassed by the region and the provinces? And if binding to all why talk about the delivery of oil revenues or not? , Is the right of the Council of Intent The distinction between Iraqis inside and outside and is prescribed for the one without the other? Is it possible to go beyond that by converting the fund to needy citizens who fund are below the poverty line, thus replacing the current social welfare fund, burdened with abuses and inefficiency? ".

According to the letter, "the relationship with the Kurdistan region", although article 2 (2) of the law said that the company is operating in all the territory of the Republic of Iraq and abroad on behalf of the Iraqi state, but the oil relationship with the Kurdistan region is not clear, Except as provided in Article 6 of the Law, the appointment of the Undersecretary of the Ministry of Natural Resources in the Region as a member of the Board of Directors of the Company, the questions that come to mind are who will coordinate the production and transport operations in the Territory, and what is the role of the company? In short, will the province apply what is applied in the governorates? Produced? ".

"Article VII of the Constitution stipulates that the company shall manage oil and gas with the governments of the region and the producing provinces. However, if we look at article (6) of the law, we note that the board of directors of the company does not Which will not be represented in the board of directors of the company? Will they be involved in the discussion of things that concern them only or what ?, Mirdvin said: "In conclusion, we see the need to wait for the implementation of the law until the necessary adjustments, Taking our observations into account, you are very kind Thanks and respect ".

(Tariq Ihsan Shafiq), founder and executive director of the Iraqi National Oil Company, 1964, oil consultant to date (Thamer Hamid al-Akeili), former Director General of several companies belonging to the Ministry of Oil / Iraqi National Oil Company, , 1993. Oil consultant to date, Kamel Mahmoud Al-Muhaidi, Deputy Director General for Planning and Studies, former oil researcher and consultant, Hashim Al-Khorsan, Member of the National Oil Company, 1977-1987. 1990, Technical and Economic Consultant, Mobil Oil Company 1992, Head of Pioneer American Branch in Tunisia until 2010. He is currently an advisor to Qahtan Hamid Al Anbuge, Director of North Refinery Projects and Director General of several companies in the Ministries of Oil and Industry and the National Oil and Gas Manufacturing Department of the Ministry of Oil until 2004, currently Consultant Engineer (Alaa Kazim Al Khatib). Iraq, the United States and five other countries (Abdul Zahra Kouda Mohammad Al-Mohamadawi), consultant engineer, over 30 years of experience in oil exploration (Hussein Mahmoud Al-Muhaidi), an oil expert with more than 35 years of experience in production geology, (Adel Alani), Consultant Engineer, Director of Drilling Development Leary, director of the material previously in the South Oil Company, the director of a number of drilling projects in a number of companies inside and outside Iraq, and managing director of the Arab Company for the maintenance of oil equipment, (Maaz al-Fayad), an oil engineer consultant, operations of oil wells and Algaz.

 

 

A pinto bean/hot chili peppers  enema couldn’t hurt right about now

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24 minutes ago, 10 YEARS LATER said:

 

Judging from the pic, that’s one very LARGE “Pup”. . . No doubt he or she could Float some hefty Air Biscuits !

 

😁 Luckily for me, he has an excellent digestive system and really hasn’t passed any gas in his entire 10 1/2 years of life (unless of course, he waits until he’s alone in the house...)

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4 minutes ago, Half Crazy Runner said:

 

😁 Luckily for me, he has an excellent digestive system and really hasn’t passed any gas in his entire 10 1/2 years of life (unless of course, he waits until he’s alone in the house...)

:D when he’s alone to be sure

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