|
Search the Community
Showing results for tags 'Oil and Gas Law'.
Found 7 results
-
Parliament's priority is to approve the oil and gas law The first 2023/06/10 Baghdad: Shaima Rasheed The Parliamentary Committee on Oil, Gas and Natural Resources pledged to overcome the differences regarding controversial draft laws between the federal government and the Kurdistan region by approving the oil and gas law, which remained in the drawers of Parliament without discussion and approval of the lack of consensus regarding it. A member of the committee, Bassem Naghimesh Al-Gharibawi, explained in an interview with "Al-Sabah" that four main chronic problems between the federal government and the Kurdistan region are repeated annually, including the budget, whose approval is always delayed, attributing the reason for this to the lack of solutions leading to the adoption of controversial and controversial laws such as law. Oil and gas, Article 140 and non-oil revenues, which, if legislated, will solve a major problem, indicating that after approving the budget and the start of the next legislative term, parliament will move towards the draft oil law because it is among the important laws that the government will work on and send to parliament. Al-Gharibawi added that approving the oil and gas law is one of the items of the ministerial platform agreed upon by the State Administration Coalition and approved politically, realizing that the problem lies in some details of the law that were not agreed upon. A member of the Oil and Gas Committee stated that the technical matters in the draft law are almost complete with the government, but the politically controversial articles have not yet been resolved, pointing out that the committee will conduct field visits to the leaders of the political blocs to discuss the provisions of the draft law and obtain the necessary political support to pass it -
Parliamentary and political movement to put the oil and gas law to a vote within Parliament Today 09:37 Parliamentary and political movement to put the oil and gas law to a vote in parliament | Information (almaalomah-me.translate.goog) Information/Baghdad... Jassim Al-Alawi, a member of parliament for the State of Law Coalition, confirmed the existence of parliament and political pressure to put the oil and gas law to a vote within parliament, pointing out that the law, if voted on, will eliminate political differences over the distribution of natural resources. Al-Alawi told Al-Maalouma that "there is an urgent need to proceed with the oil and gas law, as there are many demands within parliament to complete the law and put it before the House of Representatives for the purpose of discussing and legislating it." "There are many moves towards the adoption of the aforementioned law, due to its importance in distributing wealth equally among all Iraqis without granting privileges to provinces without others," he said. He pointed out that "the law, if put to a vote in parliament, He pointed out that "the law, if put to a vote in parliament, it will eliminate differences and serious damage that threaten the political process, and therefore there is a serious move within parliament to put the oil and gas law to a vote in one." of the sessions of the Council." Finished 25n -
Parliamentary oil sets a date for approving a "jadali" law.. What is the matter with Kurdistan? June 20, 2023 The Parliamentary Oil, Gas and Natural Resources Committee set, today, Tuesday, the date for voting on the oil and gas law under the dome of parliament, and while it showed the disadvantages of Erbil's lack of unity in approving it, it considered it to draw a "map" of the black gold sector again. Committee member Zainab al-Moussawi said, in an interview with Alsumaria News, that "the approval of the financial budget law paved the way for moving forward towards passing the oil and gas law in the House of Representatives," expecting it to be "passed after the legislative recess." She added, "The Kurdistan Regional Government's continued failure to unite with the Iraqi forces in approving the law will add economic and financial problems to it, as it is now under international rule from the International Arbitration Club, which prevents it from exporting oil except with the approval of Baghdad, and this is what happened in the budget law, where the export will take place." through the National Sumo Company. A member of the Parliamentary Oil Committee explained, "The oil and gas law will draw the map of the black gold sector again in all regions of Iraq, including the Kurdistan region." The draft oil and gas law in Iraq is still awaiting legislation in the House of Representatives 18 years after it was drafted, as it was deported many times during previous parliamentary sessions, but political differences prevented its passage. The draft oil and gas law assigns responsibility for managing oil fields to a national oil company that is supervised by the Federal Oil and Gas Council. Despite the economic importance of the oil and gas law, which has been awaiting legislation in parliament since 2005, which stipulates that the responsibility for managing the country’s oil fields should be entrusted to a national oil company, which is supervised by Baghdad, the dispute over the issue of managing the fields of the Kurdistan region of Iraq remains. Oil has prevented it from being voted on for many years, as the law was passed many times during previous parliamentary sessions and was not included in parliamentary laws and legislation. Earlier, the Prime Minister, Muhammad Shia al-Sudani, agreed with the President of the Kurdistan Region, Masrour Barzani, to resolve differences and outstanding issues, including the files of the financial budget for the year 2023 and the oil and gas law, but the law is still a matter of controversy after talking about Preparing for a new version of it following the dispute over its passage in light of the divergence of political opinions. -
He will solve the problems of Baghdad and Erbil "forever". Setting the date for the enactment of the Oil and Gas Law Politics | Today, 19:26 pm | He will solve the problems of Baghdad and Erbil "forever". Setting the date for the legislation of the oil and gas law » Baghdad News Agency today (baghdadtoday.news) Baghdad Today - Baghdad The leader of the Kurdistan Democratic Party, Wafa Muhammad Karim, confirmed on Tuesday that the oil and gas law will be passed at the end of next month or early June at the latest. Karim told "Baghdad Today" that "there is a political agreement to pass the oil and gas law, which has been suspended for years, during the next month, and there is a possibility of passing it at the end of next month or the beginning of the sixth month as a maximum limit, if parliament is busy passing the budget." "The oil and gas law is very important, as it will regulate the oil and financial relationship between Baghdad and Erbil and solve all outstanding problems between the two parties," Karim said. "The delay in enacting this important law over the past years was aimed politically and in order to maintain tension between the region and the center," he said.
-
Parliament directs to hold a session next Wednesday Policy 2020-06-21 | 17:34 Source: Alsumaria news 1,111 views The Media Department of the House of Representatives announced, on Monday, that the parliament presidency has instructed to hold a session next Wednesday. And she said in a statement received by Alsumaria News, a copy of it, that "the Presidency of the House of Representatives directed a meeting to be held to vote on the internal and external borrowing bill next Wednesday." And she added, "The time for the session will be at one in the afternoon."
-
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 structures of the state through the provision by each government agency of its vision in this field, and taking Appropriate measures to legislate the laws required for the success of the e-government process and for ministries and government agencies to expedite their procedures to automate their work, especially in the field of customs and tax and provide monthly reports on rates submitted to the General Secretariat of the Council of Ministers. The Cabinet decided, "To re-examine the draft laws related to fighting corruption, and to activate the measures to combat it and strengthen their efficacy, and to emphasize strengthening the role of relevant institutions from the Integrity Commission and the Federal Financial Supervision Bureau in coordination with the General Secretariat of the Council of Ministers, and emphasizing the freedom to exchange information and the right to obtain it By expediting the legislation on the right to access information. " The Council also decided, "Assigning the Ministry of Planning in coordination with the relevant authorities to review the instructions for implementing government contracts in a manner that ensures updating the standards adopted in the awarding of tenders, and also to update the standards adopted in the selection of investment projects, and to provide the Federal Service Council with appropriate job ownerships in order to take its role and exercise its tasks." The Council agreed, "The Reconstruction Fund for the regions affected by terrorist operations implemented mobile hospitals to quarantine and treat patients with HIV in the regions that are agreed with the Ministry of Health and the provinces through the grant provided by the Federal Ministry for Economic Cooperation and Development through the German Development Bank (amount of) 15 million) fifteen million euros, and expediting the legislation of the general budget in line with the requirements of the financial situation, the low level of the oil price, and the diversification of budget sources. The Cabinet urged the Ministry of Oil to “accelerate the completion of the draft oil and gas law, and for the Ministry of Labor and Social Affairs in coordination with the Ministry of Planning and the Ministry of Finance to study the expansion of the base covered by the Social Protection Law by improving the inclusion mechanism by demographic targeting by adopting poverty and social research data and the study is presented during Duration of one month. " He decided to "form an emergency cell for financial reform, and to form a cell to manage the financial situation in light of the current financial crisis and to develop the necessary solutions to achieve financial reform and improve the performance of financial institutions. The cell will be headed by the Prime Minister and he may authorize the Minister of Finance to manage the sessions in his absence and the membership of each of the Minister Finance, Minister of Foreign Affairs, Minister of Planning, Governor of the Central Bank, Advisors to the Prime Minister who he calls His Eminence, Secretary General of the Council of Ministers, and a representative of the General Secretariat of the Council of Ministers, and the cell undertakes the following tasks: Ensuring the provision of financial liquidity, and taking decisions related to Financial reform through the rationalization of expenditure and to maximize resources and reform of financial institutions, including the restructuring, and the development of financing plans for projects of reconstruction and development and investment, including funding mechanisms resources outside of government spending, improve procedures and automation systems in financial institutions ".
-
- 6
-
-
-
- budget law
- oil and gas law
- (and 1 more)
-
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 of Iraq. This means that the revenue went to infrastructure projects instead of salaries and pensions. This setup has failed the country of Iraq and her citizens time and time again. Restructuring this entails dismantling the current process and building from scratch to accommodate Iraq’s Constitution in which will resolve the distribution of privileges and responsibilities between the Ministry of Oil in Bagdad and those in authority in the regions. Second, the oil revenue in the past has failed to supply the residents of Iraq with a continuous supply of electricity and water due to endless corruption of authorities not only at a national level but at a regional and local level as well. This is being addressed by the current government and they are making significant progress, albeit not as fast as everyone would like (case in point Maliki). Third, the on-going negotiations with Erbil presents a sizeable problem for those wishing to invest in Iraq, especially related to oil. Conflicts of interest happen all the time in every part of life. However, this constant flare up presents legality issues with those companies wishing to invest with Iraq. This means there must be a reliable history of successful negotiations with proper follow through. Funds must be allocated on time. Lastly, a change in government can lead to instability in all sectors of the country. This last part has shown that Maliki and his cronies are beyond corrupt. A country that should have become stable after the fall of Sadam has only given way to further corruption or the continuation of such. Abadi is trudging through the muck and mire and getting things done. This process takes time as discovery needs to take place, investigations need to be handled then a fair and just prosecution of those actors need to be shown to the world that Iraq can stem the tide of corruption. The Oil and Gas law, currently a draft, cannot simply be put into the budget as a paragraph to be implemented. In order to rectify the current situation, a proposal of forming a federal council that includes officials from the federal government, provinces and regions. This council then will be tasked with coordinating and negotiating between the Iraqi oil ministry and the provinces, this includes all provinces not just Erbil. The law will also task the feds with the planning and implementation of oil production throughout the entire country. In order to implement the Oil and Gas law this requires a government that can successfully coordinate negotiations and follow through on those terms agreed upon. Once Iraq’s Federal Government has shown it can be responsible and dependable to whosever standards they must show, then and only then can the implementation of the Oil and Gas law, once itself is passed, be put into the budget. The Oil and Gas law is a complex creature and Iraq must get it at least 75% right the first go. Otherwise the fragile country will fracture more than it has now.
