The completion of the oil agreement plugging the budget deficit

[yota691]

                                                                                                                                         The completion of the oil agreement plugging the budget deficit

BAGHDAD - Muhannad Abdul Wahab  

 

01/05/2016

confirmed for the Oil and Energy Committee in the House of Representatives it is continuing to work to accomplish for the regulation of oil exports and imports generated by this wealth bills, stressing the need to oil exports increase in practice through the preparation and the creation of laws pertaining to this matter, to be presented for discussion at the Council House and voted on and then approved. 
The Chairman of the Commission on oil and energy Ares Abdullah, the "morning": that "the Committee examined and discussed in their meetings laws referred to it projects, for the purpose of submission to the House of Representatives, to read a first reading, and to address the government on its position on the formula that you have sent in Previous laws to the Commission, and the formation of a sub-committee members, to determine the priorities of the laws referred to, such as the draft second amendment to the law on investment in the crude oil No. 64 filter for the year 2007, and the law exempting foreign companies and sub-contractors and foreign contractors in licensing rounds of fee contracts in the bill law ", adding that" The committee expressed its observations on the recent law. 
"share petrodollars 
said Abdullah," The Committee also discussed the draft law to determine the provinces producing and non-producing share, as expressed observations on the wording of a number of materials, particularly Article 3 of the law relating to the validity of the Council of Ministers reconsider the percentages granted to the provinces producing oil, as the Commission decided to agree on the abolition of this article, and voted to proceed introduced a draft law on the presidency of the Council with a view to legislation. "He continued that" the Committee also discussed the topics finance the federal budget for 2015 and accruals oil companies operating in rounds licenses and Midland Refineries Company in the presence of the parliamentary finance committee. "

Statement of the oil agreement

He revealed Abdullah, for the issuance of the Commission statement on Baghdad and Erbil oil agreement, with the announcement that the Iraqi governorates outside the Kurdistan region will get the 83 percent of imports exporting oil region in the event of the success of the implementation of the agreement Alnafty.odaa Committee's statement, all parties and political blocs to ensure the success of this agreement in the best interest of the people, especially that this agreement will support the Iraqi economy and contribute to bridging the deficit in the general budget of the country through imports of oil Alakulaim.obin that "the supervisory role played by the committee was important to discuss the issue of lack of staff of the Ministry of Industry companies pay of being self-financing companies and unproductive now, where it was agreed to discuss the matter with the Finance Committee to reach a solution, and discuss the reasons for non-arrival of the product to the citizens in Anbar province and sell it on the black market or smuggled to Daash ".

Alternative energies

Furthermore, said Chairman of the Oil and Energy Committee, to the host and Electricity Minister Qassim Fahdawi and officials in the ministry, came to discuss the ministry's plans for electricity production until the year 2020 and to activate the investment side in the sector and re-pricing of Alkahraba.oadav wages "as members of the Committee discussed ways to achieve reliance on alternative energies, and the factors that hinder the arrival of the oil product to Anbar province, where it was agreed to Overture Anbar Operations Command and other security agencies to make a list of the names of the liberated areas and finding safe ways to deliver these products. 
"He noted the Chairman of the Commission on oil and energy to the host committee for the Oil Minister Adel Abdul-Mahdi and a number of general managers in the ministry, to discuss the recent oil understanding between the federal government and the Kurdistan Regional Government and discuss plans developed by the Ministry of Oil in regards to the production and export of crude oil for 2016, its future prospects and benefits companies within the licensing rounds.

Distribution of wealth

In turn, Deputy Chairman of the oil Bahadli, "The visits of the Commission to the Kurdistan region, discussed the oil policy in the region, and the willingness of the Ministry of Natural Resources to cooperate with the federal government to resolve all outstanding issues and agree on communication and coordination between the two sides and work on the convergence of views as part of the role Supervisory Committee. 
"said Bahadli" morning ": that" it was agreed to a legal oil and gas, financial resources and the equitable distribution of the wealth of the Iraqi people and the concerted efforts to fight Daash approval, being the enemy of all, "revealing the conclusion of a memorandum of understanding between the Commission on oil and energy parliamentary and the Committee on Industry and energy and natural resources in the region's parliament, includes a number of principles and see, supervision and follow-up on the agreements between the federal and provincial government in the oil, power, gas and natural resources areas of agreements and work on sustainability and implementation and to identify the obstacles they face and to express an opinion to the convergence of views, pointing out that the note included the principle of joint cooperation to study the draft laws relating to oil and gas, energy, natural resources and other relevant laws under the Constitution.

Bilateral agreements 
and draw Bahadli that the committee visited the Maysan province, to attend a conference Exhibition and Conference Misan Second International Energy and Construction (science, technology and means of development and innovation), and visit one of the oil wells in the Halfaya field for the functioning of the said meeting field with a field project Halfaya Chinese company manager ( Petro China Halfaya) for the company's work mechanism and put the problems and constraints affecting the Amlha.obin "The committee met with French Ambassador Marc Baretti to Iraq, economic adviser at the embassy to discuss the situation in Iraq in the areas of security, economy and ways to develop relations and common interests to serve the two countries, especially in the oil and energy sector Coinciding with the decline in oil prices in the world markets 
and lack of stability. "

[sandfly]

THANKS YOTA GOOD FIND

[blueskyline]

Thank You

[yota691]

The completion of the oil agreement plugging the budget deficit

 

 

04:31:09 2016-01-05 | (Voice of Iraq) - Baghdad - Muhannad Abdul Wahabfor Oil and Energy Committee in the House of Representatives said it continuing to work to accomplish for the regulation of oil exports and imports generated by this wealth bills, stressing the need to oil exports increase in practice through the preparation and the creation of laws pertaining to this matter , to be presented for discussion in the House and voted on and then approved. The Chairman of the Commission on oil and energy Ares Abdullah: "The Committee examined and discussed in their meetings laws referred to it projects, for the purpose of submission to the House of Representatives, to read a first reading, and to address the government on its position on the formula that you have sent in Previous laws to the Commission, and the formation of a sub-committee members, to determine the priorities of the laws referred to, such as the draft second amendment to the law on investment in the crude oil No. 64 filter for the year 2007, and the law exempting foreign companies and sub-contractors and foreign contractors in licensing rounds of fee contracts in the bill law ", adding that" The committee expressed its observations on the recent law. "sharepetrodollars said Abdullah," The Committee also discussed the draft law to determine the provinces producing and non-producing share, as expressed observations on the wording of a number of materials, particularly Article 3 of the law relating to the validity of the Council of Ministers reconsider the percentages granted to the provinces producing oil, as the Commission decided to agree on the abolition of this article, and voted to proceed introduced a draft law on the presidency of the Council with a view to legislation "." The Committee also discussed the topics finance the federal budget for 2015 and accruals oil companies operating in rounds licenses and company Midland Refineries in the presence of the parliamentary finance committee. "Statement of the oil agreement and disclosed Abdullah, for the issuance of the Commission statement on Baghdad and Erbil oil agreement, with the announcement that the Iraqi governorates outside the Kurdistan region will get the 83 percent of imports exporting oil region in the event of the success of the implementation of the oil agreement . He called on the Committee's statement, all parties and political blocs to ensure the success of this agreement in the best interest of the people, especially that this agreement will support the Iraqi economy and contribute to bridging the deficit in the general budget of the country through imports of the region's oil. And that "the supervisory role played by the committee was important in discuss the issue of lack of staff of the Ministry of Industry companies pay the salaries being funded enterprises, the self and non-productive now, where it was agreed to discuss the matter with the Finance Committee to reach a solution, and discuss the reasons for non-arrival of the product to the citizens in Anbar province and sell it on the black market or smuggled to Daash ". energies alternative to that, said Chairman of the Oil and Energy Committee, to the host and Electricity Minister Qassim Fahdawi and officials in the ministry, came to discuss the ministry's plans for electricity production until the year 2020 and to activate the investment side in the sector and re-pricing of electricity wages. "As Committee members discussed ways to the achievement of reliance on alternative energies, and the factors that hinder the arrival of the oil product to Anbar province, where it was agreed to Overture Anbar Operations Command and other security agencies to make a list of the names of the liberated areas and finding safe ways to deliver these products."He noted the Chairman of the Commission on oil and energy to the host committee to the Minister of Oil Adel Abdul Mahdi, and a number of general managers in the ministry, to discuss the recent oil understanding between the federal government and the Kurdistan Regional Government and discuss plans developed by the Ministry of Oil in regards to the production and export of crude oil for 2016, its future prospects and benefits companies within the licensing rounds. distribution of wealth in turn , Deputy Chairman of the oil Bahadli, "The committee's visits to the Kurdistan region, discussed the oil policy in the region, and the willingness of the Ministry of Natural Resources to cooperate with the federal government to resolve all outstanding issues and agree on communication and coordination between the two sides and work on the convergence of views as part of the Commission's role oversight. "He said Bahadli:" It was agreed that the legal oil and gas, financial resources and the equitable distribution of the wealth of the Iraqi people and the concerted efforts to fight Daash approval, being the enemy of all, "revealing the conclusion of a memorandum of understanding between the Commission on oil and energy parliamentary and the Committee on Industry and Energy and Natural Resources in Parliament region, includes a number of principles and see, supervision and follow-up on the agreements between the federal and provincial government in the oil, power, gas and natural resources areas of agreements and work on sustainability and implementation and to identify the obstacles they face and to express an opinion to the convergence of views, pointing out that the note included the principle of joint cooperation to study the draft laws relating to oil and gas, energy, natural resources and other relevant laws under the Constitution.bilateral agreements and draw Bahadli that the committee visited the Maysan province, to attend a conference Exhibition and Conference Misan Second International Energy and Construction (science, technology and means of development and innovation), and visit one of the oil wells in the Halfaya field for the functioning work in the said meeting field with a field project Halfaya Chinese company manager (Petro China Halfaya) for the company's work mechanism and put the problems and constraints affecting the Amlha.obin "The committee met with French Ambassador Marc Baretti to Iraq adviser, economist at the embassy to discuss the situation in Iraq in the areas of security and the economy and ways to develop relations and the common interests to serve the two countries, especially in the oil and energy sector to coincide with the fall in oil prices in the world markets and lack of stability. 
 

 

[gregp]

GM Yota. Good article. Thank you.

[docneedles]

Thank you Yota and GM DV. It looks like they are focused on getting this resolved, instead of focusing on their differences. A new refreshing tone. Look how many times they used the word agree or agreement in this piece. I find this amazing since the oil prices have fallen so much.

Go Iraq; Get it done; first reading coming up.

[tigergorzow]

Yota Thanks & GM DV, I like the words "Completion of the Oil Agreement". This definitely spells out moving towards approval of HCL IMHO. Reminder, The HCA is already in the 2016 Budget and have been approved & ratified by POR.

Keeping the faith!!

GO RV!!

[Gypsygirl11]

DISTRIBUTION of WEALTH - I really like that title. This article does have a positive vibe....heres to hoping for less talk and more action to benefit their countrymen and our wallets! Share those Petro dollars. 

[precious1]

I likey!

[justchecking123]

Translation question:

 

What is meant by "plugging"?

 

Thanks.

[billbill]

Thanks Yota! Let's keep the good news of progress coming our way!!!!

[Big_J]

GM YOTA AND DV.

[Zcountess]

got to give you credit yota you are good at getting the news on here .Thanks >> now let's see what happens ...?  

[docneedles]

Translation question:

 

What is meant by "plugging"?

 

Thanks.

 

Baghdad Monday

the parliamentary finance committee confirmed Monday that the economic situation in Iraq is going through a very dangerous phase, calling on the government to resort to external borrowing manner (oil for money) on the oil for food style. The committee member said Sarhan Ahmad’s “Eye Iraq News” that “what Iraq is going through the collapse of the economy and the bankruptcy is because of corruption and the corrupt who have looted and squandered public money,” noting that “the recovery of the Iraqi economy is to fight corruption seriously the fact that corruption the main reason, including going through Iraqi economy. "And between Sarhan that “the employees salaries treatment should take place through external borrowing to stop the collapse of the economy with a declaration of war on corruption, so do not go the money back to the muggers,”explaining that “Iraq can borrow from some countries through its oil and be similar to the situation as it was before “oil for food” and now be “oil for money” The likely Finance Minister Joshyar Zebari, on Monday, the inability to staff the distribution of salaries in the month of April, in the event of continued low oil prices. Iraq has been going through an economic crisis because of lower oil prices, and Anfaqath in the war against al “Daash”.

 

 

 

my take is: Iraq is being typical drama queen in the way they discuss their corrupt government officials, looters, muggers and thieves. “ the sky is falling, the sky is falling! We are going bankrupt” I believe the word “plugging the budget deficit means that if the price of oil continues to fall, they will not be able to make payroll in April. So they need to get the HCL into law, have the Kurds pump MORE oil, pay them the 17%, give the 83% back to Baghdad so they can meet payroll in April. With that said, their reserves are dangerously low for sure and they are in the middle of a civil war. 

[djgabrielie1]

 

Baghdad Monday

the parliamentary finance committee confirmed Monday that the economic situation in Iraq is going through a very dangerous phase, calling on the government to resort to external borrowing manner (oil for money) on the oil for food style. The committee member said Sarhan Ahmad’s “Eye Iraq News” that “what Iraq is going through the collapse of the economy and the bankruptcy is because of corruption and the corrupt who have looted and squandered public money,” noting that “the recovery of the Iraqi economy is to fight corruption seriously the fact that corruption the main reason, including going through Iraqi economy. "And between Sarhan that “the employees salaries treatment should take place through external borrowing to stop the collapse of the economy with a declaration of war on corruption, so do not go the money back to the muggers,”explaining that “Iraq can borrow from some countries through its oil and be similar to the situation as it was before “oil for food” and now be “oil for money” The likely Finance Minister Joshyar Zebari, on Monday, the inability to staff the distribution of salaries in the month of April, in the event of continued low oil prices. Iraq has been going through an economic crisis because of lower oil prices, and Anfaqath in the war against al “Daash”.

 

 

 

my take is: Iraq is being typical drama queen in the way they discuss their corrupt government officials, looters, muggers and thieves. “ the sky is falling, the sky is falling! We are going bankrupt” I believe the word “plugging the budget deficit means that if the price of oil continues to fall, they will not be able to make payroll in April. So they need to get the HCL into law, have the Kurds pump MORE oil, pay them the 17%, give the 83% back to Baghdad so they can meet payroll in April. With that said, their reserves are dangerously low for sure and they are in the middle of a civil war. 

 

Thank you Docneedles. A very good article and summation in my opinion. +1

[olivesman]

Um... LOVING IT!

[EagleEye]

one of the best articles I have read in a long time GREAT FIND YOTA !!

[RV4CandyMan]

Fantastic find YOTA!  Thank you! 

[skeetdog]

Thanks Yota...This sounds better than what we've heard in the past....buuut it's still Iraq in the ME and we all know how they can go off in left-field on a bunt toward third... ...hopefully  

[yota691]

Translation question:

 

What is meant by "plugging"?

 

Thanks.

Fill the GAP!!!! beside what Doc stated....

[MillieChatham]

Yota is remarkable! Thanks!

[calkid11]

Thank you Yota

[wildeman]

Thanks Yota.

[testarosa]

Thank you Yota!  You are the news hound for sure!  Thank you for your continued efforts in providing updated information!