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

[Wiljor]

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.

Thanks Yota as always much appreciated,

Morning Thugs and DV.......there is that word "SOON" again?????? Uffff, mas tequila por favor

[yota691]

Parliamentary Oil: the intersection of political visions behind disrupt oil and gas law

Vmnaqsat economy

 Since 02.06.2016 at 12:50 (Baghdad time)

Special - balances News

The head of the Commission on oil and energy parliamentary Iaraz Abdullah, on Saturday, said that the difference in political views between the politicians in Baghdad and Erbil behind disrupt oil and gas law, noting that the only solution to the passing of the bill is to look at the law point of view of economic oil illegal.

Abdullah said L / balance News / "The oil and gas law, which the government has not withdrawn re transmitted by the Parliament, which is an obstacle solving problems between Baghdad and the Kurdistan region, have called several times to speed up legitimizes, but we did not we meet the real response."

He added, that "despite the fact that the country actually needs a decision so the laws, but the big difference between the concerned authorities in this regard is that the delay of its own legislation."

And it announced that the previous government, the 28th of August, 2011, on the ratification of the draft oil and gas law, and decided to submit them to Parliament for approval. Ended 29/38

Read more: http://dinarvets.com/forums/index.php?/topic/215632-parliamentary-oil-the-intersection-of-political-visions-behind-disrupt-oil-and-gas-law/#ixzz3zPGVp35s

[drj]

It sure looks like that they are trying to get it DONE!  

Many thanks DT and Yota for the news!  Always appreciated!

 

Dr J

[Candy01]

Praying VERY, very HARD drj!!

 

:praying:

[yota691]

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

 

    BAGHDAD / Economy News ...

 

 

Accused Oil Minister Adel Abdul Mahdi, on Saturday, networks and "mafias" to intervene in all the pieces in Iraq, including 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, said that there are internal networks can liken her to an approximation of regimes Almafueh intervention 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 in order to defend its own interests and Itagty General slogans different. "

Abdul-Mahdi said that "this system has become a clash with groups of beneficiaries who have become Aashhun on a particular thing," stressing that "no doubt that we have today in the marketing process and the internal oil distribution networks are the main beneficiaries 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 said on Saturday (January 30, 2016), the production of three million and 700 thousand barrels of oil per day with the exception of the northern fields, until the 24th of the month of January current, as he emphasized that exports amounted to three million and 324 thousand bpd 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 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 big drop in crude prices continued to 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.

 

 

Views 12   Date Added 02/07/2016 - 10:44   Last updated 02/07/2016 - 09:55   No. Content 2000

[yota691]

Planning: the national oil company compensate us for foreign companies

Economy and Tenders

 Since 02.07.2016 at 09:28 (Baghdad time)

Special / balances News

Planning Ministry said on Saturday that Iraq is in urgent need to activate the role of the national oil company, confirming that it is the first step to save the national wealth and will compensate us for foreign companies.

He said Oil Minister Adel Abdul-Mahdi, said that the national oil company, to be presented and the Oil Ministry a 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.

He said ministry spokesman Abdul Zahra al-Hindawi's / balances News /, "The big differences between local economic circles on licenses oil contracts tours in Iraq and how important it is for the Iraqi economy as well as the difficulty of the current situation, it highlights the urgent need for a national oil company."

He said al-Hindawi, that "this is the best step to save the national wealth the way," adding that "the oil in Iraq is still suffering from a major problem, namely the failure to approve oil and gas law so far by the House of Representatives."

Hindawi said that "this legislation law will solve a lot of problems with the oil province of Kurdistan."

And saw al-Hindawi, that "the existence of a national oil company in the current economic situation makes up for foreign-invested enterprises, especially since Iraq has qualified active in the field of oil to run this task wealth."

The Institute for the progress of the development policies have the task of holding a seminar at the Institute's headquarters 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 .anthy 29

[yota691]

Oil Minister calls for the restoration of the national oil company

 

 

         

2/8/2016 0:00 

BAGHDAD Shokran Fatlawi 

called for an economic seminar to the need to return to the national oil company as a managerial alternative to dispersion found in the structure of the oil industry and solving optimal at the present time, coinciding with the economic crisis faced by the country, as well as to utilize them in building the foundation for the reform of the oil and the economic sector destruction. This came in a symposium organized by the progress of the development policies of the Institute, and attended the »morning» under the title «rebuild the national oil company and patterns of oil production,» the presence of the Minister of Oil d. Adel Abdul-Mahdi and a group of oil experts and economists. Initiated the symposium word Institute Dr. manager. Mehdi al-Hafez among which the «National Oil Company« was and is a vital and essential tool completely get rid of the oil hegemony overseas, since the issuance of Law No. 80 of 1961, being the record the first step for the Liberation of Iraq's oil and its sources of colonial domination privileges imposed in conditions contrary to the requirements of national sovereignty and economic development desired ». 

He said Hafiz said« the national oil company, is the administrative action alternative dispersion existing in the structure of the oil sector, it is useful to get rid of waste-based oil revenues required, accompanied by the necessity of having the desire and the will seriously to reconsider the program contracts service, and find a suitable solution in place in the province of Kurdistan formula to look at problem-solving and exit suitable for the production of formula, to coincide with the rapid buildup of falling oil prices out objectively solving stems from concern for the public money ». 

for his part, oil Minister Dr. Adel Abdul-Mahdi, the need economic openness and get rid of the concept of unilateral, like the countries of the world, Marja on the Chinese experience that caused a coup radically in development processes and dependence on companies, pointing out that «China does not hold the Ministry of oil, and that runs the oil wealth in which - the fifth oil producer in the world the companies », indicating that« the public domain differ from state ownership, since it is possible that the first be the king of the group and rumored to regulate the property through an internal mechanism ».uarj Abdul-Mahdi, that« the Iraqi economy moved between the four stages of the first was the agricultural nature of the almost full, where most of Iraq's population live in the countryside, and minority live in cities, and the agricultural life dominant, then began to rely on the oil pattern, where he became the country depends on oil, then it began the stage of the war economy, which consumed the oil and other sectors in 1986 «. He pointed out that «the recent economic juncture for the country, the stage of economic distortion, where he became the state put her hand on everything and is not committed to the economic philosophy of one, but a clash of interests and benefits of managed internal networks impede the work of everything». 

Finally, the oil minister Speaking of the need to return the national oil company, being a natural context, with the financial crisis, and to work to renew the visions and the immediate commencement of operations of investment and employment generation in an attempt to get out of the current crisis. 

in the intervention, d. Akram Abdel Aziz, a member of the Baghdad Economic Forum has been raising the issue of Article 111 of the Iraqi constitution he has indicated that oil and gas are the property of the people in all the regions and Hons did not improve his understanding of what needs to be some clarification and also touched him d. Mehdi al-Hafez and in this regard and in the light of the quest to re-activate the role of the national oil company and the associated quest to develop patterns of oil production, how will the relationship between the center and the region shape and wondered about the flotation of the national oil company mechanism Will the adoption of the foundations and the mechanisms and controls in this regard? 

We are talking about so vital subject of where that oil is the source of the sustainability of the economic life of Iraq .. 

and wondered why not go about building rules for oil and petrochemical products, particularly that Iraq had a role in this area and why we continue to import oil derivatives until 2019? I do not think the problem in Iraqi minds and experiences are the same, which was a key tributary to the success of the substantive work of the ministry in all crises, and whether that reason is technological, financial, technical? An important topic requires to stop and reconsider, especially that Iraq is going through a financial hardship requires serious discussion about everything that establishes the rules Aiardih is impoverished.

[Officiallytook]

Love all my Articles showing that...it's about that time...

[yota691]

Parliamentary Energy: Re-national oil company, will present the country's wealth controlled by the owners of capital

 

Date:  02/11/2016 10:45

 | Views: 109

 

 

Information / BAGHDAD / ..

He parliamentary energy committee member Jamal al-Muhammadawi, Thursday, for fear of inviting the Oil Ministry to re-establish the national oil company and selling shares to citizens, anticipated exposure of national wealth controlled by the owners of capital.

Said Muhammadawi said in a statement received by the agency / floating / copy of it, he was "afraid of re-activating the law of the national oil company because it may expose national wealth, which are the property of all Iraqis, according to the Constitution to control a small group represented to employers capital on the grounds that low-income owners who are the majority people can not buy the company's shares in the event of presentation to the public. "

Muhammadawi and wondered, "What guarantees can be prevented from subjecting the company to political parties or businessmen or thieves of public money and thus be prone to corruption that is eating away at the body of the state in the absence of political and security stability, which results in a waste of national wealth."

The Oil Ministry hinted earlier in the possibility of working bill Oil Company of the national, which allows the company selling shares to the public Moatunain.anthy / 25 R.

[Candy01]

AMEN, Officiallytook!!!!!

 

:praying:

[uncirculd]

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

 

I like this guy.  He may not have won the PM position, but he's doing very well right where he is.  Especially with all the resistance still in office.  woo hoo go Mahdi!

[yota691]

Oil: efforts to pass a law the National Oil Company

economy

 Since 02.23.2016 at 08:54 (Baghdad time)

Baghdad balances News

Oil Ministry confirmed on Tuesday it is seeking to pass a law the national oil company.

He said ministry spokesman Assem Jihad's / balances News /, "The ministry calls for the federal government to pass a law the national oil company, and the large impact on the Iraqi oil industry."

He added, that "the ministry is continuing in its efforts to pass this law, which needs to authenticate the House of Representatives and a political consensus."

It is noteworthy that the oil minister Adel Abdul Mahdi detection, the earlier, the existence of efforts to revive the national oil company again.

From: Enam Amauri

[yota691]

The national oil company raises unlike within the Energy Committee

 

 

         

2/25/2016 0:00 

Some see them as important and others contend violating the Constitution 

  Baghdad, Omar Abdel-Latif 

 raised put the establishment of the National Oil Company is disagreement in the committee on oil and energy and natural resources in the House of Representatives among the Iraqi National Alliance, the Kurdistan Democratic Party, in a time when I felt the need to establish the company in the current time, he objected to deputy for the Kurdistan Democratic Party, claiming that established the violation of the Constitution. 

a member of the Committee for the Liberal bloc Awad al-Awadi said he had filed to the committee and then to the government to speed up the legislation of the oil and gas law, after the desire expressed by the Ministry of oil and experts in the re-establishment of the national oil company of economic giant because of difficult circumstances, which started experienced by Iraq, and to be a direct sergeant maintains this wealth for future generations. citizens have the right to contribute and said al-Awadi, in an interview with {the morning », said the company in the event of its establishment will deal with investment in a positive way, and the ills of the goal established at this time that it was up to the desire to manage oil wealth through the first two institutions and the oil Ministry, which draws oil policies, the national company that bears on production, extraction and export, investment and technical responsibility in all sectors, adding that the company was founded in 1967 and then merged firms oil worker within the Ministry of oil in 1987. He stressed al-Awadi on the need for Iraq and its people, the large decent for this company to implement the project put forward by the Liberal bloc to give a share of oil to the citizen, which can only be done by this company, where he can be a citizen contributor for it's profitable company and the contribution of her projects and dealing within the establishment of companies, whether their projects inside or outside Iraq. views refuses established urged by the government to speed up the establishment of the national oil company and the enactment of law away from the political consensus, warning that there are political parties, including the Kurdistan Democratic party objected to it for its refusal that there be transparency in the oil file, and the survival of what he called b »Blur» in matters relating to this sector, indicating that there is a personal and partisan interest in oil exports to the region that do not know a lot of parties where you go, there being a limited number of characters. As he put it. He called al-Awadi, the legislature should be out a crucial decision for the enactment of this company for being one of the important laws after the oil and gas law, because it is part of the Federal Council for Oil and Gas, as well as legislation majority away from quotas and political consensus. Irregularities marred the law on the other side , is a member of the committee from the Kurdistan Democratic party Tariq friend Rashid establish a national oil company, before the enactment of the oil and gas law as unconstitutional. explains Rashid, in an interview for »morning», that articles 111 and 112 of the Constitution Binta how to behave in natural resources which are the property of all the people Iraq, including oil and gas, noting that the establishment of the national oil company, whether the contribution or other, must be preceded by the enactment of the oil and gas law under the Iraqi constitution and after the law legislation and then founding. He accused Rashid of calling for the establishment of this company before the enactment of the oil and gas law that they violate the Constitution and the law, justified his objection that we do not know features in the law or next of legislation on the rights and privileges of that company. in turn, said oil expert Hamza Jeweler: to revive the national oil company, it represents a quantum leap in the management of national energy file and whose sectors of oil and gas. He Jeweler that the development witnessed by the oil sector 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 to work in the field of oil energy is very complex and needs to be large and solid institutions working to create an atmosphere administrative and executive fast and efficient to keep pace with global developments. He said the developed countries including the Organization «OPEC» countries with major national companies to lead the energy file as it 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 last century impulsive decision lacks proper planning. Article 111 of the Constitution provides that «oil and gas is the property of all the Iraqi people in all the regions and provinces», while Article 112 first states that «the federal government will administer oil and gas extracted from current fields with the governments producing regions and provinces, that distributes and imports in a manner compatible with the demographical distribution all over the country, with a quota specified period for the damaged regions that were deprived in an unfair way.

[yota691]

Parliamentary divergence of views on the law «National Oil Company»

 

 

3/21/2016 0:00   Baghdad , Omar Abdel - Latif  reiterated the Kurdistan Democratic Party bloc member reservation on the National Oil Company Law before the enactment of the oil and gas law, while considered a member of the National Alliance of law «unconstitutional» Refer this reservation to «fear to be a central character». A member of the Council, the Kurdistan Democratic Party, Tariq friend Rashid said in a statement singled out by the «morning»: The articles 111 and 112 of the Constitution Binta how to behave in natural resources, and confirmed that it belongs to all the people of Iraq, including oil and gas, noting that the establishment of the oil company national , whether the contribution or other, must be preceded enactment of the oil and gas law under the Iraqi constitution and after the law legislation and then founding.  Article 111 of the Constitution provides that «oil and gas is the property of all the Iraqi people in all the regions and provinces», while Article 112 First , that «the federal government will administer oil and gas extracted from current fields with the governments of producing regions and provinces on condition that the revenues are distributed equitably compatible with the demographical distribution all over the country, with the quota for a specified period for affected regions that were deprived in an unfair way by the the former regime, which were damaged after that, to ensure balanced development in different parts of the country, and is regulated by law «Second« The federal government and the governments of producing regions and provinces together will draw up the necessary to develop oil and gas wealth of strategic policies, so as to achieve the highest benefit to the Iraqi people, relying on the most techniques market principles and encouraging investment ».  for his part, MP, for the virtue Party, Jamal Muhammadawi: the fear of the Kurds from the enactment of this Act, the result of fears that such law is a central character.  he said Muhammadawi, in a statement singled out by the « morning »founding law national oil Company , an important and sensitive, comes within the laws package relating to the oil and energy, especially as the approval of oil and gas law process, dependent class basis on the legislation «national oil Company Law».  He added that the company had been working separately and is responsible for the north, south and center of oil companies , is that the former regime has decided to include the oil law within the ministry 's law in 1987, indicating that the government withdrew the latest version of this law within the law package , which withdrew from the parliament, but the presidency of the parliament insisted on reading this edition for the first time, that are approaching General Secretariat of the Council of Ministers on the recent amendments to the legislation package relating to oil and energy.  He hinted Muhammadawi, that the oil Ministry has a vision for this law, different from what was in the draft, and requires restructuring and write a draft law Ihhal problems between the federal government and the Kurdistan Regional government and the provinces oil producers, and that the company will be an umbrella for all the other oil companies , whether the SOC or the north or refineries.  said the parliamentarian, said the project is still under examination, particularly in regard to being put to the issue of shares and the IPO, being incompatible with Article 111 of the Constitution which states that the oil it belongs to all the people, while making the company with mixed sector contribution would give way to the thieves of public money to buy shares and thus control over these Aaltheroh important and essential for the people. and on the reservation Kurds on its own legislation, hinted Muhammadawi, to the existence of a paragraph within the oil and gas law stating that Board of Directors 'decisions, must be subject to the approval of the Federal oil Council, which consists of the prime minister and the ministers of oil, planning, and a representative of the producing regions and provinces, hinting that the Kurds are afraid of the enactment of this Act and the Council. In  turn , said oil expert Hamza Jeweler: to revive the company national oil represents aquantum leap in national energy which are sectors of oil and gas file Manager.  He added that the development witnessed by the oil sector in recent years necessitated the establishment of the company to be the University of branches of multi - national companies to ensure the exploratory and developmental side of all produced in thecountry fields development.  He said the jeweler to work in the field of oil energy is very complex and needs to be large and solid institutions working to create administrative ambience and executive fast and efficient to keep pace with global developments.  He said the developed countries , including OPEC 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.

[jcfrag]

Don't need an HCL with this plan of action, do we?  It IS the plan that will split the money up person by person as best I can tell... Who needs to devide it up providence by providence? This would be the perfect solution to end this dispute!

Edited March 20, 2016 by jcfrag

[tigergorzow]

Yota Thanks, DV,  Parliament read the National Oil Company earlier in the week I believe.  We may be close to "HCL" IMHO as well.

 

Keeping the faith!!

 

GO RV!!