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Showing results for tags 'Oil and Gas Law'.
Parliament directs to hold a session next Wednesday Policy 2020-06-21 | 17:34 Source: Alsumaria news
Chaired by Al-Kazemi, the Council of Ministers issued 11 decisions, among them speeding up the legislation of the budget law 5/12/2020 The Cabinet issued, on Tuesday, during its second regular session headed by Prime Minister Mustafa Al-Kazemi, 11 decisions, including speeding up the legislation of the budget law. The media office of the Prime Minister stated in a statement that Mawazine News received a copy of, "The cabinet issued during its regular session headed by Al-Kazemi, a number of decisions, including: Reducing and rationalizing the administrative st
This is a brief synopsis as to why Iraq can't put the HCL in the Budget right now. This is more a high level overview as to the reasons and a brief to as what the draft will consist of. One would surmise all the Iraqi parliament has to do is include a paragraph in the draft of the budget, get it read and published in the gazette and voila! Immediate RV! It’s not that simple. Here is why. First, the current setup that Iraq has for their oil revenue dates back to the 1950’s. Little of this has been changed. This setup is not designed to distribute and assign privileges to the citizens o