Iraq Revives 'National Oil Company' To End The Dispute With The Kurds !

[DinarThug]

CNN. Broadcasting From An Iraqi Revival Tent On The Outskirts Of Baghdad !

 

 

 

(by walkingstick)

Iraq revives 'national oil company' to end the dispute with the Kurds


Baghdad: The company must be owned by the people by giving every citizen shares the N inheritable.

All provinces have rights in the company in proportion to its population

Baghdad announced Iraqi Oil Minister Adel Abdul Mahdi, the parliament and the government agree to the revival of the national oil company, which was abolished in the eighties of the twentieth century, with expanded to include oil and gas, in a move aimed at reaching a solution to the crisis between the federal government and the province of northern Iraq relating to the mechanism of the export of oil.

Abdul-Mahdi said in a symposium held by his ministry Saturday, at the headquarters of Oil Cultural Center in central Baghdad, "There is a parliamentary government agreement on the revival of the national oil company, and be expanded to exercise its functions relating to the production of oil and gas."

The minister pointed out that "the company must be owned by the Iraqi people, through the stock system that gives each Iraqi citizen shares in the company N inheritable," adding that "the experience of the establishment of oil companies in the provinces achieved great success by increasing production."

He continued that "all the provinces will have the rights in the company according to population ratio."

National Oil Company was founded in the sixties of the twentieth century, and in the eighties canceled the decision of the former Iraqi regime during the Iran-Iraq war.

In turn, MP Mohammad Kaveh member of the Commission on oil and energy parliamentary Saturday said that the Iraqi parliament will begin in the next legislative term, to discuss the legal oil and gas, and the national oil company, to regulate the relationship between the federal government and local governments and regions on oil wealth.

He said Kaveh said that "oil and gas legal legislation and the national oil company, will have an important role in ending the existing differences between the federal government and the government of the territory of northern Iraq on oil export mechanism," adding that "members of the National Oil Company will be representatives from all the provinces, including the northern region Iraq".

And honest Iraqi Council of Ministers on 2 December / December 2014 on the oil agreement between the governments in Baghdad and Erbil, which ensures that the territory of northern Iraq to hand over at least 250 thousand barrels of oil a day to the federal government for the purpose of export, the export of 300 thousand barrels per day of by the federal province of Kirkuk fields of government through oil pipeline in the territory of the north.

But the oil agreement was stopped once and for all the summer of 2015, the region began to export its oil independently of the federal government in Baghdad, which in turn decided to stop paying the region's share of the federal budget amounting to 17% because of what it considered "a breach of the agreement the region's oil."

http://www.middle-east-online.com/?id=216892

[Officiallytook]

Exactly what's needed

[blueskyline]

Thank You !

[GregHi]

Looks like Barzanis contract with Turkey is scaring Baghdad into doing something!

[SnowGlobe7]

what ever it takes

[Laid Back]

Great news.!

By the constitution the oil belong to all Iraqi citizens.

They deserve part of the profit.

Go HCL

Go 2016

[calkid11]

Thank you Thugs

[Boozer]

3 to 4 weeks we will see something BIG

Edited January 30, 2016 by Boozer

[Jaygo]

3 to 4 weeks we will see something BIG

Didn't someone say that 3 or 4 weeks ago?????

[nannab]

Moving right along. As they say git er done boyz!!!  

[sandfly]

GIVE THE MONEY

[Calijim1]

Like they say in Iraq " it will happen soon, in the coming days".

[DinarThug]

3 to 4 weeks we will see something BIG

Didn't someone say that 3 or 4 weeks ago?????

Frank, Poppy, Luigi, The Goat ...

[davis411]

Frank, Poppy, Luigi, The Goat ...

:D

i saw poopy today

it was great

 

felt tight but pooopy showed up

good times

[Theseus]

The National Oil Company is part of the HCL. However, this is an agreement to do so. No writing on the wall at this juncture as it is not a done deal. When it is implemented, then it will be done deal. Not when they say that it is law. Legislation must be implemented or they are nothing more than pieces of paper collecting dust. Analyze, plan design and implement.

[DinarThug]

02/04/2016 (00:01 pm) -
Parliamentary Energy welcomes the draft establishment of a national oil company

 Baghdad / Ibrahim Ibrahim Al-Noor Ali 

The Commission on oil and energy parliamentary, on Wednesday, said that the establishment of the national oil company would be a quantum leap in the evolution of the energy file within a short period of time. Pointing out that it will be the owner of the holding company for revenues of natural resources producing and exporting, while noting oil expert that the establishment of a national oil company would national investment for the energy sector development. 

The oil minister, Adel Abdul-Mahdi called, last Saturday, to revive the national oil company of the new, while He stressed the need for the company to be of the people and to be every citizen shares the N inheritable. 

The Chairman of the Commission on oil and energy parliamentary Ibrahim Bahr al-Ulum, in an interview for the "long", that "the idea of establishing a national oil company, raised since 2004, but was delayed since the Government Iyad Allawi, because of differences over the reference new oil company. 

"He added that" the main idea put forward by the Commission on oil parliamentary based on the possibility of ownership of oil and gas wealth to the people, and today in the case of the founding of this company and this paradigm shift and within the legal framework, which provides for the people of the proportion of fair participation of all his sons. 

"said Bahr al-Ulum that" the establishment of a national oil company, the process is the owner of wealth and a holding of revenue for natural resources producers and exporters will not be only the drafting of the law retains these two pillars and maintains administrative, financial and moral independence, will be a cornerstone in the development of oil and gas Altherutin in Iraq. " He continued by saying that "the establishment of a holding oil company, as in most OPEC countries is a great boost to the development of national investment, and there are many fields still needs to be developed and rehabilitation will be under the leadership of this company is working to develop Iraqi cadres and give them full powers to develop oil and gas multiple projects." 

He went on saying that "the national oil company will be the executive arm of the biggest corporate extractive operating in Iraq and joined by the oil marketing company has also become a firm exporter and producer and marketer at the same time." 

and the "absence of obstacles stand in the way of the establishment of the oil company since all parliamentary blocs agreed on pass a law smoothly, which is stipulated in Article 111 of the Constitution, which was considered the oil and gas is the property of the Iraqi people. 

"He predicted Bahr al-Ulum that" if there were the will of the serious oil ministry to translate the law on the ground, the establishment of the national oil company will see the light end of the year. " . 

For his part, spokesman for the Oil Ministry, Assem Jihad, said in an interview for the "long" that "The oil ministry conducted for a long period of serious discussions with various petroleum and economic experts to develop the idea of creating a major national oil company." 

He added that "the evolution in the field of national energy especially the oil sector prompted the Ministry of Oil of the Federal competent to revive the national oil company, according to what exists in most OPEC countries. "Jihad said that" the establishment of a holding oil company holds the EIA file in Iraq would make a quantum leap in how to deal with all other companies such as SOC and NOC and the oil center and other national companies as well as to focus its work on the development of unexplored fields and work to increase other produce. "He said" The oil ministry is keen to involve Iraqi citizens in the energy sector through the establishment of joint stock oil company, individuals can buy stock in them in directly to be the property of the people. "In turn, said oil expert Hamza Jeweler, in an interview for the" long ", that" the re-revival of the national oil company represents a quantum leap in the management of national energy file and whose sectors of oil and gas. 

"He added that" development witnessed by sector Oil in recent years necessitated the establishment of the company to be the University of the branches of multi-national companies to ensure the development of exploratory and developmental side of all the producing fields in the country. "He said the jeweler that" work in the field of oil energy is very complex and needs to be big and solid institutions working to create administrative and executive atmosphere of quick and efficient to keep up with global developments. "He said the" advanced countries, including the Organization of Petroleum Exporting countries with major national companies to lead the energy file was founded several years ago, and Iraq of the first countries in the establishment of a national oil company, but the former regime canceled the company in the seventies of the last century impulsive decision lacks proper planning. 

"It is worth mentioning that it has been established national oil company in the sixties of the last century and is a competent company to develop oil fields and oil production, before being abolished in the early eighties of the same century. The oil minister Adel Abdul Mahdi predicted, on Tuesday, the (26 of December the second in 2016), the rise in world oil prices to $ 50 per barrel in the second half of the year 2016, as warned of a "coup in the world's oil and rising violent and sudden market" if the big drop in crude prices continued to stop investing in many regions of the world. It is noteworthy that world oil prices recorded a continuous decline since the second half of 2014, until it reached $ 28 per barrel, but returned to rise slightly as reported, on Tuesday, the (January 26 2016), 30.78 dollars a barrel. It is noteworthy that Iraq complain of weak financial revenues due to declining oil prices and increased expenses, which the military side came on her head, what made ​​the government resort to austerity as one of the solutions adopted to meet the country's economic situation started. 

http://almadapaper.net/ar/news/504018/% ... %A9-%D9%88

[blueskyline]

Thank you

[skeetdog]

Thanks DT...Your the man...in funny shoes...

[yota691]

Tomorrow .. Abdul-Mahdi and a group of experts to discuss activating the work of the national oil company

Economy and Tenders

 Since 02/05/2016 12:02 am (Baghdad time)

BAGHDAD - balances News

Discusses the Oil Minister Adel Abdul Mahdi, on Saturday, with a group of oil experts, the economy and the reality of the oil policy and activating the work of the national oil company.

According to a statement received / balances News /, a copy of which, "The Institute of the progress of the policy development in the Jadiriyah held tomorrow important seminar at the Institute's headquarters Bagadirah in Baghdad about the reality of the oil policy and activating the work of the national oil company in the presence of Oil Minister Adel Abdul-Mahdi and a group of oil experts and economists." .

The statement, that "the seminar run by MP Mehdi al-Hafez will be held at 10:30 on Saturday morning," .anthy 29/9 P

[yota691]

02/04/2016 (00:01 pm)   -   the number of readings: 498   -   the number (3565)

 

 

Parliamentary Energy welcomes the draft establishment of a national oil company

 Baghdad / Ibrahim al-Ibrahim Noor Ali 
 

The Commission on oil and energy parliamentary, on Wednesday, said that the establishment of the national oil company would be a quantum leap in the evolution of the energy file within a short period of time.Pointing out that it will be the owner of the holding company for revenues of natural resources producing and exporting, while noting oil expert that the establishment of a national oil company would national investment for the energy sector development. 
The oil minister, Adel Abdul-Mahdi called, last Saturday, to revive the national oil company of the new, while He stressed the need for the company to be of the people and to be every citizen shares the N inheritable. 
The Chairman of the Commission on oil and energy parliamentary Ibrahim Bahr al-Ulum, in an interview for the "long", that "the idea of establishing a national oil company, raised since 2004, but was delayed since the Government Iyad Allawi, because of differences over the reference new oil company. 
"He added that" the main idea put forward by the Commission on oil parliamentary based on the possibility of ownership of oil and gas wealth to the people, and today in the case of the founding of this company and this paradigm shift and within the legal framework, which provides for the people of the proportion of fair participation of all his sons. 
"said Bahr al-Ulum that" the establishment of a national oil company, the process is the owner of wealth and a holding of revenue for natural resources producers and exporters will not be only the drafting of the law retains these two pillars and maintains administrative, financial and moral independence, will be a cornerstone in the development of oil and gas Altherutin in Iraq. " He continued by saying that "the establishment of a holding oil company, as in most OPEC countries is considered a great boost to the development of national investment, and there are many fields still need to develop and rehabilitate will be under the leadership of this company is working to develop Iraqi cadres and give them full authority to develop oil and gas multiple projects." 
he went on saying that "the national oil company, will be the executive arm of the biggest corporate extractive operating in Iraq and joined by the oil marketing company has also become a firm exporter and producer and marketer at the same time." 
and the "absence of obstacles stand in the way of the establishment of the oil company since all parliamentary blocs agreed on pass a law in a smooth, provided for in Article 111 of the Constitution, which considered the oil and gas is the property of the Iraqi people. " 
he predicted Bahr al-Ulum that" if there were the will of the Avenue of the Ministry of oil for the translation of the law on the ground, the establishment of the national oil company will see the light end of the year. " . 
for his part, a spokesman for the oil Ministry, Assem Jihad, said in an interview for the "long" that "the oil ministry conducted for a long period of serious discussions with various petroleum and economic experts to develop the idea of creating a major national oil company." 
he added that "the evolution in the field of national energy especially the oil sector prompted the Ministry of oil of the Federal competent to revive the national oil company, according to what exists in most OPEC countries. " 
Jihad said that" the establishment of a holding oil company holds the EIA file in Iraq would make a quantum leap in the way of dealing with all the other companies, such as SOC and NOC and the oil center and other national companies in addition to focusing its work on the development of the discovered fields and work to increase other produce. " 
He said" the oil ministry is keen to involve the Iraqi citizen in the energy sector through the establishment of joint stock oil company, individuals can buy shares in an directly to be the property of the people. " 
in turn, said oil expert Hamza Jeweler, in an interview for the" long ", that" revive the national oil company, represents a quantum leap in the management of national energy file and whose sectors of oil and gas. " 
he added that" development witnessed by sector oil in recent years necessitated the establishment of the company to be the University of branches of multi-national companies to ensure the development of exploratory and developmental side of all the producing fields in the country. " 
He said the jeweler that" work in the field of oil energy is very complex and needs to be large and solid institutions working to create an administrative and executive ambience quick and efficient to keep up with global developments. " 
He said the" advanced countries, including the Organization of Petroleum Exporting countries have a major national companies to lead the energy file was founded several years ago, and Iraq of the first countries in the establishment of a national oil company, but the former regime canceled that company in the seventies of the last century impulsive decision lacks proper planning. " 
it is worth mentioning that it has been established national oil company in the sixties of the last century and is a competent company to develop oil fields and oil production, before being abolished in the early eighties of the same century. 
the oil minister Adel Abdul Mahdi predicted, on Tuesday, the (26 December the second in 2016), rising world oil prices to $ 50 per barrel in the second half of the year 2016, as warned of a "coup in the world's oil and rising violent and sudden market" if the big drop in crude prices continued to stop investing in many regions of the world.    
It is noteworthy that world oil prices recorded a continuous decline since the second half of the year 2014, until it reached $ 28 per barrel, but returned to rise slightly as reported, on Tuesday, the (RIA 262,016), 30.78 dollars a barrel. 
it is noteworthy that Iraq complains of weak financial revenues due to declining oil prices and increased expenses, which the military side came on her head, what made ​​the government resort to austerity as one of the solutions adopted to meet the country's economic situation started.  

[sandfly]

THANKS YOTA,,,, YOU THINK THEY WILL GET THINGS DONE FOR THE PEOPLE THIS WEEK END

[Boozer]

THANKS YOTA,,,, YOU THINK THEY WILL GET THINGS DONE FOR THE PEOPLE THIS WEEK END

 

We can Hope

[yota691]

Oil Minister L / balance News /: the national oil company is not a substitute for oil and gas law

Economy and Tenders

 Since 02/06/2016 13:48 pm (Baghdad time)

BAGHDAD / balances News

Oil Minister Adel Abdul-Mahdi said that the national oil company that will provide the oil ministry draft law to the Council of Ministers is not a substitute for oil and gas law, but rather abbreviated role in the operation of the fields and the organization to deal with foreign oil companies operating in Iraq.

Mahdi said in a statement / balance News / on the sidelines of an oil seminar held today in Baghdad that "the oil and gas law to be enacted and submit a draft bill that the National Oil Company of Ayad substitute for it, but all of them need them Iraq at the present time to proceed with the oil industry to safety. "

He said Abdul-Mahdi said that "the national company will focus on the good performance in the oil fields and the work will be supportive of a plan to develop Iraq's oil production," 0.29 d 24 

[yota691]

 

 

Oil Minister Adel Abdul-Mahdi during a seminar hosted by the progress of policy development institute in Baghdad, on Saturday (February 6, 2016).

Oil Minister accused of "mafias" to intervene in all sectors and "obstruction of their work."

 

Author: AR, HH, MJ 
Editor: AR, HH 2/6/2016 17:12 Number of Views: 202 

 

Long-Presse / Baghdad

Accused Oil Minister Adel Abdul-Mahdi, Saturday, networks and "mafias" to intervene in all the pieces in Iraq Bihna the oil sector, and as pointed out that these networks are taking advantage of the internal oil distribution method, confirmed that it was "hindering any decision is inconsistent with its interests."

Mahdi said in a speech during a seminar hosted by the progress of policy development titled Institute (rebuild the national oil company and patterns of oil production), with the participation of a number of economists and oil in Baghdad and attended (range Press), said that "there are internal networks can liken her to approximate Almafueh Tddechl regimes in all the pieces in Iraq, including the oil sector, "noting that" this system moves even though there were procedures or steps for the benefit of the people to defend their own interests and Itagty General slogans different. "

Abdul-Mahdi said that "this system has become the chattering groups of the benefits that each of them has become nestles on a particular thing," stressing that "no doubt that we have today in the marketing process and the internal oil distribution networks are benefiting the foundation of how to handle this."

The Minister of Oil that "attempt Tgierhzh way and change support policies there will be a reaction from these networks, even though we aim to give more support to the poorer classes and download others these costs," pointing out that "when we raised the price of gas cylinder thousand dinars per month shouldered by the family, which the equivalent of first-hand phone call protested the decision are the masses (a coalition of citizen) this simple example demonstrates the difficulty of reforms with administrative sectors and these mafias. "

It is said that Iraqi Oil Minister Adel Abdul-Mahdi, announced on Saturday (January 30, 2016), three million and 700 thousand barrels of oil per day production with the exception of the northern fields, until the 24th of the month of January, and as he emphasized that exports amounted to three million and 324 thousand barrels per day from the southern fields, expressed the ministry's readiness to cooperate with any resolution calling for a reduction of production.

The Iraqi Oil Minister Adel Abdul Mahdi predicted, on Tuesday, the (26 January 2016), high world oil prices to $ 50 per barrel in the second half of the year 2016, as warned of a "coup in the world's oil and rising violent and sudden market." If we continue to the big drop in crude prices and stop investing in many regions of the world.  

It is noteworthy that the global oil prices, recorded a continuous decline since the second half of the year 2014, until it reached $ 28 per barrel, but returned to rise slightly as reported, on Tuesday, the (RIA 262,016), to $ 30.78 a barrel.

It is noteworthy that Iraq complain of weak financial revenues due to declining oil prices and increased expenses, which the military side came on her head, which made the government resort to austerity as one of the solutions adopted to meet the country's economic situation started.   

[DinarThug]

Thx For The Article Updates Bro Yo' !

Here's Ms Timmy From BondLady's Site's Comments On It ...

2-6-2016 Newshound Guru tlm724 - Article quote: "we we have established a seminar two weeks in the oil ministry before to discuss this subject, and suggested some members of the Commission on oil and energy parliamentary mechanism to prepare a draft law of the national oil company, but it should be ENACTMENT OF THE OIL AND GAS LAW FIRST and then other corporate legislation of laws."

it should be enactment of the oil and gas law first then the national oil company law...they expect the national oil law to be enacted by the end of the year so if this goes as planned the HCL should see the light of day very soon.