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Iraq's acceptance of a permanent member of the Organization of the Extractive Industries Transparency International

yota691

By yota691,
in Iraq & Dinar Related News

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yota691 Grand Master

yota691

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Iraq's acceptance of a permanent member of the Organization of the Extractive Industries Transparency International

FRIDAY, DECEMBER 28 1 / DECEMBER 2012 14:37

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Twilight News / oil ministry welcomed Iraq's acceptance of a permanent member of the Organization of the Extractive Industries Transparency International meets the conditions and requirements of permanent membership in the organization.

A spokesman for the Oil Ministry, Assem Jihad, said in a statement reported for " Twilight News ", that Iraq's acceptance as a permanent member of the initiative was the result of great efforts made ​​by the Oil Ministry to adopt the most accurate standards of transparency in publishing monthly reports regular on exports of oil and imports achieved them and is done through statements The Media and press releases by the Information Office of the Ministry of broadcast media on an ongoing basis. "

He added, "Furthermore, the ministry to disclose the total oil contracts signed with international companies that have been concluded within the licensing rounds petroleum four or other contracts," adding, "We can not forget the role of the media to receive information and dissemination honestly and impartially is a distinct role and Sand Transparency. "

He added that "to give Iraq a permanent membership would have a significant impact as the largest oil producing state between the member states of the Organization."

He noted that "for the first time are approved initiative to report the first countries to be met standards of the International Initiative and the corresponding exact production figures, export and sale of crude oil as the report did not indicate any significant differences in relation to Palmtabqat between the Ministry of Oil and Oil Marketing Company (SOMO) and extractive companies and purchasing companies, in addition to that did not produce any differences with regard to contracts and licensing rounds. "

The spokesman said that the ministry is preparing soon to announce the completion of the second report prepared transparency, which is an important step to strengthen Iraq's role in the economic arena and international political

He continued jihad to declare Iraq's acceptance of a permanent member of the initiative is a historic event where Iraq has become the first major countries producing oil pursuant to the requirements of the initiative as of December 2012.

It is worth noting that there have been efforts also by the Council of the owners of the initiative, which includes in its membership representatives of the ministries of oil, industry and minerals, financial and 8 other members representing civil society organizations and 3 members representing extractive companies national as well as 3 members representing extractive companies and international Omthleen for BSA The Integrity Commission for Iraq to reach permanent membership of Transparency International. http://www.shafaaq.com/sh2/index.php/news/economy-news/50417-2012-12-28-11-39-39.html

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uncirculd Newbie

uncirculd

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ahhhhh, I'm so confused. They are in as full membership? That's the way this article reads. No longer an observer. Anyone help with this? Almost appears to be a partial country entrance to where they have no clue what they are saying. Just like they kept saying they are out of chapter 7. If this is acceptance, (full acceptance) then this is Awesome!

Edited by uncirculd
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jeepguy Mentor

jeepguy

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they will be a member of the international minerials producing nations { in short oil drillers union , in common terms , big money and lots of big parties :D } the main quote,, the information on all drilling and the names of companies and monies , this could be the end product of erbil ,,,, bammmmm lets roll out the new rates on dinar good post yota

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snooz Newbie

snooz

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ahhhhh, I'm so confused. They are in as full membership? That's the way this article reads. No longer an observer. Anyone help with this? Almost appears to be a partial country entrance to where they have no clue what they are saying. Just like they kept saying they are out of chapter 7. If this is acceptance, (full acceptance) then this is Awesome!

Organization of the Extractive Industries....This is not world trade Organization....Just saying ;):)

SnooZ

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Roadrunner Newbie

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Does anyone know who else is in this particular organization? Perhaps that can be somewhat of an indicator as to the significance of this.

EITI implementing countries

The following 14 countries have status as EITI Compliant countries. Compliant status means that the country has completed at least one reconciliation report checking revenues paid by companies to governments, and also effectively passed what a validation report, where the entire process which produces reconciliation reports is put under review.

The following 22 countries have status as EITI Candidate countries:

http://en.wikipedia....ency_Initiative

Edited by Roadrunner
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