Iraq adopts new methods to prevent and restrict oil smuggling

[Drunk_Viking64]

Works best if done in groups of seven!

[Lorre]

They have the new digital ones now that they are all talking about. A little harder to tweak those then the mouse on wheel counters.

[sandfly]

Thanks 

[yota691]

Video .. naval force to protect oil ports in the Gulf

History of edits:: 02/10/2017 11:04 • 103 visits readable

 

[Oan- Baghdad] 
announced that the Department of Defense, the Navy continuing to secure Iraqi oil ports in the Gulf waters.

According to a defense ministry statement received by all of Iraq [where] a copy of it, that " the commander of the Basra Operations Lt. Gen. Jamil al - Shammari conducted accompanied by the commander of the naval force ,Maj . Gen. Ahmed Jassim Qubool, exploratory round in the waters of the northern Gulf; to secure the protection of the oil ports and follow the reduction of operations procedures smuggling, as well as follow - up to the entry of commercial vessels to Iraq 's territorial waters; as this has a significant supply the dimensions of the country 's economy. " 
He pointed out that " a cadre inform the Ministry of Defence was accompanied by military commanders in the exploratory tour on board of the base Um Qasr naval ship attribution and documented the brave men of the sea and they are efforts to protect ports [Amaya] and [Basra] oil."

[yota691]

Oil Ministry issued clarification on crude oil smuggling from the country's southern ports (Details)

 18-02-2017 12:11 PM

Hits: 391

 

East News -

 

 

Oil Ministry denied on Saturday, the occurrence smuggling of crude oil from the southern ports of the country in response to a parliamentary accused her in this matter.
 

The ministry said in a statement, it 'rejects the abuse of Iraqi oil sector by exploiting the media by some members of the House of Representatives in launching accusations and unfounded allegations against workers in the oil sector without an awareness of the severity of the impact of such allegations on the reputation of Iraq and to invest in the sector oil that achieves large and exceptional achievements despite the challenges , the financial, economic and security difficulties'. 

And it inspired the ministry, that he 'could have been the deputy mentioned follow fundamentalist legal ways, either to obtain information or audited or refer the files owned by the regulators or the adoption of mechanisms followed in the House of Representatives distinguished, rather than promote media and review of the information is misleading and distorted the subject counters and oil smuggling and we believe that it is not worthy of who represents the legislative authority in the country when the inciting citizens against the Ministry of sovereign '. 

And it demanded that the Ministry of Oil, 'the House of Representatives to invite members of the Council to stop a political nature media statements and resorting instead to legal ways and mechanisms of fundamentalism adopted in the event of a malfunction or failure in the line ministries'. 

She Wazzah The 'Iraq depends more accurate international standards in the export of Iraqi oil through Maani export, oversees this process local and international regulators, the ministry emphasizes reliance on modern electronic counters system according to the international standards of the window certificates of calibration and certified by the company closer global' Intertek 'that resides on a regular basis as well as the company viewfinder acting calibration and certification of counters and supervise the loading and checking the quantities exported operations across the counters and approval, and on the shipping documents , including measurement of qualitative and quantitative measurements of the surface of the carrier, and can master the Attorney sure of that by studying the mechanisms supported by both the Iraqi oil marketing company , or through the southern oil company. " 

Regarding the allegations of the Attorney existence of smuggling crude oil from South Almaani ministry it said it 'denies this information altogether and can not be obtained or ratification by insiders and experts and those interested in the oil industry', calling for 'we hinted to visit export ports in southern Iraq , along with the press and the media to look closely at the fact that the export of Iraqi oil and standards mechanisms adopted in this framework , and without frills, instead of relying on the file of unknown source and leaves are waved in order to change my media excitement '. 

The ministry statement ended by saying, it 's ' retains the legal and moral right to those who launches misleading statements and information that would offend the ministry and its staff. "

 

The MP Sadiq we hinted been accused of smuggling the occurrence of those port operations, told a news conference in the House and through a televised program from one of the satellite channels.

 

 

[The Englishman]

Iraq’s oil ministry fails to counter reputation damage

The stink of endemic corruption continues to stalk its every action

Published: 12:48 March 19, 2017

By Saadallah Al Fathi, Special to Gulf News

 

 

Theft of Iraq’s oil has been in the news since the occupation in 2003. The government failed to quell the allegations and continued to insist on the correctness of its procedures.

Zaid Sandook, former head of Custody Transfer Measurement of Oil and Gas Department in the Ministry of Oil, recently wrote an open letter to the Minister of Oil Jabbar Luaibi in response to statements by Ministry officials regarding the measurement system.

The letter was prompted by reports on alleged corruption and theft of exported oil. He stressed that the Ministry had worked hard for years to establish a measurement system for oil and gas in accordance with international standards. And in awarding the preparation of the system to Shell and BP, who had a vested interest in establishing the system to safeguard their contractual rights.

Sandook insists that installing meters is not sufficient by itself to guarantee correct measurements. The system is much more than that in the sense that it involves procedures, regular inspection and providing specialised departments, training and third-party inspectors to witness, approve and certify all steps.

He assures us that the Ministry and its companies spent millions to get the system ready and bought meters, but that the rest of the system was not properly applied.

The latest announcements by Ministry officials disappointed many, including Sandook. They insisted on the correctness of the procedures — including ullage rather than metering measurement — and approval by third-party inspectors to the satisfaction of the parliament’s Energy Commission and Commission of Integrity. And that the army and police are preventing smuggling and so on.

The diatribe is not convincing and often contradictory.

Legal action

Officials go on to say that challenging measured quantities harms the reputation of the country and that the Ministry reserves the right to legal action against those who release statements and misinformation offending the Ministry and its staff.

They failed to refer to the system of national custody transfer by the Ministry and why it is not applied in earnest and in a transparent manner. The praise of the international organisations and oil companies, if any, is to the system rather than its application. And in any case international oil companies are only concerned with their production and not Iraq’s export.

Sandook goes on to refute the officials’ arguments and asks the legitimate question — if measuring ullage is better and more accurate that metering, then why the rest of the world is not following suit?

A member of parliament, Mazin Al Mazini, said last year that he is in possession of hundreds of documents showing corruption in the measured quantities of exported oil. He also said that there is deficiency in the measurement system as the meters are either not there or not functioning properly. Dangerous mafia

As early as 2006, Bilal A. Wahab wrote a lengthy and well documented article in “Middle East Quarterly” where he said government complicity in oil smuggling has continued. He quotes former oil minister Ebrahim Bahr Al Ulum as saying “Oil and fuel smuggling networks have grown into a dangerous mafia, threatening the lives of those in charge of fighting corruption.”

He also quotes the director of Basra Oil Products as saying that “influential political people and parties are running these smuggling operations.”

The latest accusation reported by Al-Monitor came from Sadiq Al Mhana, a member of parliament, who “revealed that they are in possession of documents that prove the theft of 300,000 barrels of Basra oil by officials who modified the counters [meters].”

Al-Monitor goes on to say that “the ministry responded without offering any proof.”

Mhana also said: “The National Security Service addressed a letter to the Ministry of Oil confirming the theft of 100,000-300,000 barrels of Basra oil per day. Furthermore, the ministry’s periodic meetings with the international testing company have underlined this huge squander. Iraq is losing around $20 million (Dh73.4 million) daily due the wastage in oil exports, which amounts to annual losses of $7 billion.”

The parliament Oil and Energy Committee concurred and its member Aziz Kadhim said “Iraq is using Aldhirah [ullege] system that measures the size of the carrier. It is an inaccurate method that allows oil smuggling.”

For years, the Ministry failed to explain the differences between oil production and its dispensation of exports and domestic use. In a February report, domestic use is estimated at around 1.3 million barrels a day, which is outrageously erroneous. It cannot be more than 750,000 barrels a day at best.

I agree with Sandook that the damage to the Ministry’s reputation comes from a lack of transparency rather than exposures of theft and smuggling.

http://gulfnews.com/business/analysis/iraq-s-oil-ministry-fails-to-counter-reputation-damage-1.1996399

[yota691]

Oil Products Distribution Company: We seek to curb the smuggling of Iraqi oil

By Roudao 42 minutes ago

Deputy Director General of petroleum products and owner of the Algerian Order

Roudao - Baghdad , 

confirmed Deputy Director General of petroleum products and the Algerian Order of the owner, that the phenomenon of smuggling of Iraqi oil is the most prominent challenge facing the work of the Ministry of Oil currently. 

Speaking to the Algerian network Roudao media , saying: "We are facing the challenge of a pervasive phenomenon of oil smuggling through some muggers and traders." Explaining that "the Oil Ministry is working to reduce this phenomenon through the distribution of oil derivatives outlets and also through regulatory bodies and ongoing rounds of inspection." 

He added that "national security is working to monitor and raid thenests of Iraqi oil smuggling where many oil derivatives intended to adjust the smuggling." 

He pointed out that the Algerian oil derivatives distribution company to deliver all products to the liberated areas in the governorates of Anbar, Salahuddin and Nineveh. Stressing that it was opened more than 48 stations in Nineveh , and 90 percent of the stations in Salah al - Din and most of the oil distribution outlets in Anbar province.

[yota691]

 

Suspension of Iraq's membership in the International Transparency Initiative for Extractive Industries because of Kurdistan

Economie

13:44

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The 
Secretary General of the Extractive Industries Transparency Initiative, Alaa Mohiuddin, on Tuesday, the fact of the abolition of Iraq's membership of the initiative of transparency of the international extractive industries, stressing that the membership was suspended until the issuance of a report and why the Kurdistan region. 
"There are new measures followed by the Extractive Industries Transparency Initiative (EITI) to re-evaluate the three-year EITI member states," Mohiuddin told Al-Ghad Press. "They praised Iraq a lot and praised the publication of reports, accuracy of information and disclosure." 
He pointed out that "the origin of the initiative is based on the disclosure of the government on the amounts absorbed by the global extractive companies and companies also disclose the amounts paid to the government and the scrutiny between the two figures by a global company and issued a report," noting that "over the seven years was close to the numbers exist A major achievement and proof of transparency in Iraq. "
"The government has formed a working team headed by the deputy minister for extraction, Karim Hattab, and members of representatives and general managers," he said, adding that "the suspension is temporary and not the abolition of membership." All the ministries concerned and the Office of the Prime Minister and the Office of the House of Representatives was agreed to issue a new report in the next 12 months. " 
He added that "the Kurdistan region caused the suspension of membership because it does not disclose the figures and all the previous reports without any information concerning the region and this was considered a defect in the report because it should include all of Iraq," adding that "the second problem related to the media as the ministries concerned did not succeed in publishing the achievements Which is achieved in the area of Transparency Initiative and reports issued by ministries do not participate to prove their commitment.

[10 YEARS LATER]

Keeping it real, huh ---- your stepping in the poop, Iraq. This was avoidable, but you guys are who you are, so hitting that brick wall was UNavoidable.

[yota691]

Iraq’s membership in the International Transparency Initiative for Extractive Industries was suspended because of Kurdistan

By

 rami

 -

December 19, 2017

44

0

 

 

 

The Secretary-General of the Extractive Industries Transparency Initiative, Alaa Mohiuddin, on Tuesday, the fact of the abolition of Iraq’s membership of the initiative of transparency of the international extractive industries, stressing that the suspension of membership until the issuance of a report and why the Kurdistan region.
Mohiuddin said that there are new measures followed by the Extractive Industries Transparency Initiative to reassess the three-year-old member states of the initiative. They have praised Iraq and praised the publication of reports, accuracy of information and disclosure.
He pointed out that the origin of the initiative is based on the disclosure of the government on the amounts absorbed by the global extractive companies and companies also disclose the amounts paid to the government and the scrutiny between the two figures by a global company and issued a report, noting that over seven years was convergence of figures exists and this is a major achievement and evidence On transparency in Iraq.
“The government has formed a working team headed by Deputy Minister for Extraction, Karim Hattab, and members of representatives and directors-general of all the ministries,” he said. The Office of the Prime Minister and the Office of the House of Representatives was agreed to issue a new report in the next 12 months.
He added that the Kurdistan region caused the suspension of membership because it does not disclose the figures and all previous reports devoid of any information concerning the region and this was considered a defect in the report because it must include all of Iraq, “adding that” the second problem related to the media as the ministries concerned did not succeed in publishing the achievements that To be achieved in the area of Transparency Initiative and reports issued by ministries not to demonstrate their commitment. “

[Big_J]

3 hours ago, yota691 said:

stressing that the suspension of membership until the issuance of a report and why the Kurdistan region.

Hmm.....?

[yota691]

A specialist warns against the termination of the Transparency Industries for the extraction of Iraq's membership

 

 Since 2017-12-26 at 11:37 (Baghdad time)

Special Mawazine News

Warned the specialist in economic affairs Dhargham Muhammad Ali, on Tuesday, the end of the Transparency Industries for extraction of Iraq's membership.

Ali said in an interview with Mawazine News that "the report of the Transparency Organization recorded many points in the form of the initiative and the Council of Stakeholders, including the lack of seriousness in the work and absent the majority of the Council from the meetings, which amounted to 9 sessions within 3 years," noting that "the report Including the inclusion of signatures of those absent in the attendance records and non-publication of the Commission to the meeting minutes. "

He added that "the report criticized the continuation of most of the members of the Council of owners in the Council since 2007 and so far fixed a negative point on the President of the initiative in Iraq as he was the post of Inspector General of the Ministry of Oil and then in the Ministry of Electricity full-time to the initiative elements combined 22 points led to comment Membership of Iraq ".

Ali called for "changing the members of the Council of Stakeholders and the President of the Council because repeating their violations will result in a final write-off of Iraq's membership in it."

[yota691]

 

The Iraqi Institute for Economic Reform is holding a seminar on the Extractive Industries Transparency Initiative

14:50

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Baghdad / Al-Ghad Press: 
The Iraqi Institute for Economic Reform, held on Saturday, a seminar on the initiative of transparency in extractive industries. 
The head of the Iraqi Institute for Economic Reform Kamal al-Basri, in a speech during the symposium in the presence of a number of experts and specialists in economic fields, and attended by "Al-Ghad Press," that "one of the most important economic consequences of the problem of transparency of extractive industries is the extent of Iraq's need to join this organization, One of the most important solutions to economic and political problems and the fight against corruption is through transparency and adoption in the financial procedures of the government, especially if we know that the oil-producing countries are declining in the transparency measures and their ability to fight corruption and the rule of law and the government's accountability and statistics vary N democratic and non - democratic states. "
In turn, the oil expert Luay Khatib said that "Transparency Organization has developed a lot and is working to assess the aspects of work in all countries in the fields of oil and mining, agriculture, water and others," noting that it "adopt the standards of fighting corruption and the adoption of democracy and others." 
He added that "all countries consider the files with the available information and data, as many of the countries concerned on the subject of its impact on the economic and political and other Iraq, which is the worst and most corrupt among the ten countries," noting that "the State has a duty to work seriously with These institutions and consider their criteria and work under it to contribute to the reform and give it a roadmap to reform government institutions from the clutches of corruption as the other side of the administration and the most dangerous to corruption and address the reasons for the suspension of the organization of Iraq's membership.
"There are problems in the extractive industries sector, including the lack of commitment to the Kurdistan region to provide a clear policy with data and figures on extractive industries and the lack of mining extraction activity in Iraq, which was one of the main reasons for the suspension of Iraq's membership," said the oil expert from Transparency Industries Extractive Alaa Muhiuddin. In the Transparency Organization as well as the lack of commitment by the government to submit periodic reports to the Organization and the absence of government presence of the private activity in the organization and the low level of media coverage of the Ministry of Oil. 
He pointed to "the existence of a number of visions and plans that will address these problems and the abolition of Iraq's suspension from the Organization."

[nannab]

Good morning Yota, DV

[yota691]

Al-Ghadhban declares Iraq's full commitment to the standards of the Extractive Industries Transparency Initiative

 

energy Economy News _ Baghdad Deputy Prime Minister for Energy and Oil Minister Thamir Abbas al-Ghadhban on Wednesday confirmed the support of the government and the Ministry of Oil for the work of the Transparency Initiative for Extractive Industries in Iraq during a press conference held by the initiative to review its annual report.  Al-Ghadhban said in a statement received by the "Economy News" that Iraq is fully committed to all the necessary measures and activities that support Iraq's continuation of the work of the initiative and end the suspension of its membership and meet all the requirements of the initiative of transparency of the extractive industries, adding, "We are serious in providing real information related to the work and activities of the ministry Extracting and exporting to all relevant international organizations and to Iraqi and global public opinion, pointing out to instruct the Iraqi oil companies to comply with all the required standards for the initiative and provide information to the media through the dissemination of Data through the website of the Ministry. He explained that we declare with all transparency our contractual or financial activities related to the export of crude oil, liquid gas and condensates, especially as the Ministry of Oil provides more than (90%) of the revenues of the general budget of the country through the export of crude oil.  He pointed out that the export of crude oil and fixing the price of Iraqi nipples is done in accordance with a professional system in the presence of the oil minister and the concerned agents and the inspector general and the director of the marketing company and those concerned with the company and set prices for the next month and we do not have suspicious deals as promoted by some, calling the Energy Committee in the Iraqi Council of Representatives as well as members of the initiative To attend meetings on pricing and allocation to see the mechanisms used in the marketing of Iraqi oil.  For his part, the Executive Director of the Iraqi representative to the initiative of transparency for extractive industries Alaa Rasool Mohiuddin, that the initiative prepared its annual report for 2016, which included the total revenues from the extractive sector of the Ministry of Oil and quantities produced from crude oil and exports for the same year. Pointing out that the Transparency Initiative is an international organization aimed at promoting the transparency of government revenues derived from natural resources and the accounting principle in the countries concerned, adding that the initiative issued its report for 2016 on December 24, 2018 according to the criteria of the initiative.  It is noteworthy that the Council of Transparency Initiative for Extractive Industries before Iraq as a member of the initiative in January of 2010 was published in the first report in December 2011 and on 12 December 2012 was declared Iraq as a country compatible with the initiative. Views 14   Date Added 12/26/2018

[yota691]

Al-Ghadhban confirms Iraq's full commitment to the criteria of the Extractive Industries Transparency Initiative

 

Wednesday, December 26,

 

 

Alsumaria News / Baghdad  , Deputy Prime Minister for Energy and Oil Minister Thamer Abbas Ghadban , Wednesday, supporting the government and the Oil Ministry for the work of the Transparency Initiative for the extractive industries in Iraq .  Al-Ghadhban told a press conference held by the initiative to review its annual report that Iraq is fully committed to all the necessary measures and activities that support Iraq's continuation of the work of the initiative and end its suspension and meet all the requirements of the Extractive Industries Transparency Initiative.   He added that "we are serious about providing the real information related to the work and activities of the Ministry of extractive and export to all international organizations concerned and to the Iraqi public and the global, pointing to the guidance to the Iraqi oil companies to adhere to all standards required for the initiative and provide information to the media through the dissemination of data through the website of the ministry .  He said the minister, we announce the full transparency of our activities for contractual or financial operations relating to the export of crude oil and liquid gas and condensate, especially that the Ministry of oil provides more than 90% of revenues biolo NH General country through the export of crude oil. The Minister pointed out that the export of crude oil and the pricing of the Iraqi nipples are carried out in accordance with a professional system in the presence of the oil minister and the relevant agents and the inspector general and the director of the marketing company and those concerned with the company and set prices for the next month and we do not have suspicious deals as promoted by some, calling the Energy Committee in the Iraqi Council of Representatives as well as members The initiative to attend meetings on pricing and allocation to see the mechanisms used in the marketing of Iraqi oil.  For his part, said the Executive Director of Iraq's representative in the initiative of transparency for extractive industries " Alaa Rasool Mohiuddin" that the initiative prepared its annual report for 2016, which included the total revenues from the extractive sector of the Ministry of Oil and the quantities produced from crude oil and exports for the same year. The Transparency Initiative is an international organization aimed at promoting the transparency of government revenue derived from natural resources and determining the principle of accountability in the countries concerned, he said, adding that the initiative issued its report for 2016 on December 24, 2018 according to the criteria of the initiative.  The Council of the Transparency Initiative for Extractive Industries before Iraq is a member of the initiative in January 2010 The first report was published in December 2011 and on December 12, 2012 was declared Iraq as a country compatible with the initiative.

[Butifldrm]

Intertek launches Iraq's first independent hydrocarbon lab

Wednesday, Mar 06, 2019

 

 

Intertek has launched the first independent crude oil, fuel testing and petroleum products laboratory in Iraq. The new hydrocarbon laboratory, located in the port of Khor Al Zubair, will support the increased demand for quality assurance solutions in the petroleum industry across Iraq and will soon be offering octane engine fuel testing of gasoline for the first time in the country.

The launch of the 1,300 square feet laboratory allows Intertek to offer its services in this fast-growing market and in this highly strategic location. Khor Al Zubair incorporates industrial areas that are home to several petrochemical and other companies that will benefit from the proximity of the laboratory services to their operations. The nine jetties in the port of Khor Al Zubair are vital for fuel imports and exports in Iraq and enable direct access for crude carriers, refiners, distributors and trade companies. 

Based within SKA Energy’s new oil storage terminal, the laboratory represents a significant investment in the Iraq oil & gas industry. Offering a wide range of services for the petroleum and related industries, the laboratory will deliver sample testing, and services for the downstream oil and gas and aviation sectors. It will also provide detailed crude oil, naphtha and gasoline quality analysis and testing, which helps clients maintain or improve fuel quality to meet commercial and regulatory specifications. The facility will offer 24/7 operations and trouble-shooting support.

Matthew Skinner, Intertek Regional Managing Director Gulf and Pakistan, said: “As the demand for Assurance services in Iraq grows, we are delighted to have achieved an industry first in opening this laboratory. Our new facility in Khor Al Zubair allows us to cater for the needs of numerous parties operating within the oil and gas industry in Iraq, providing our customers with systemic Total Quality Assurance Solutions. Local companies can now obtain lab reports to help them assess their fuels in accordance with industry international standards, at a shorter turnaround time. This launch is a great example of Intertek’s commitment to expanding its network to better serve the needs of its customers.”

http://www.youroilandgasnews.com/intertek+launches+iraq's+first+independent+hydrocarbon+lab_150650.html

[yota691]

Transparency Initiative holds a meeting at the Ministry of Oil to discuss the profitability of oil companies

 

Side of the meeting

energy Economy News Baghdad A source in the Extractive Industries Transparency Initiative said that its security council held a meeting at the Ministry of Oil to discuss the profitability of the oil companies. The source said in an interview with "Economy News" that "the meeting began with the speech of the President of the Council, the Minister of Oil, Thamer Ghadhban," noting that "the Executive Director of the initiative, Alaa Yasiri, discussed the executive summary of the initiative (steps to strengthen the plan of participation of companies, Companies). He added that "the meeting discussed the costs recovered from the oil companies and their wages and the profitability of financial transfers of state-owned companies and the method of calculating petrodollar transfers between the government and the provinces as well as other axes." The source confirmed that "the meeting included the speech of the Director of Investigation of Transparency International, Alex Jordi, and discussed the appendix to the report 2016." Views 18   Date Added 04/08/2019

[yota691]

11 billion dollars may end the relationship between the ministries of oil and electricity

 

Part of the meeting of the Board of Trustees of the Iraq Extractive Industries Transparency Initiative

energy Economy News Baghdad ,  said a member of the Board of Trustees of the Extractive Industries Transparency Initiative in Iraq, Mohammad Rahim, said that the Council discussed at its meeting on Monday, the nature of the relationship between the ministries of oil and electricity after the accumulation of debt owed by the last in favor of the oil.  Rahim said in his interview with "Economy News" that during the meeting it turned out that there is a big problem related to the accumulation of debts of the Ministry of Electricity for the Ministry of Oil, noting that the Ministry of Electricity was receiving oil derivatives from the company marketing the oil (Sumo) without payment of derivatives received.  He added that this contributed to the accumulation of debts of the Ministry of Electricity to 11 billion dollars, noting that the President of the Council, Oil Minister Thamer Ghadhban, following the relationship between the two ministries is uncomfortable and can not continue to have such debts. Al-Ghadhban stressed, according to Rahim, the need to reform the collection systems and amend the electricity charges and the provision of a law protects the classes of income and limited and high alike.  With regard to petrodollar benefits, a member of the Board of Trustees of the Transparency Initiative for Extractive Industries, that "the amounts received by the provinces in a year, it revolves on the next year, but the main problem is that the provincial councils did not provide investment projects of the allocations of the Petrodollar, . Views 10   Date Added 04/08/2019

[yota691]

Ghadban decides to publish the final accounts of the national oil companies within two weeks

 

Thamer Ghadhban Minister of Oil

energy Economy News Baghdad A member of the Board of Trustees of the Extractive Industries Transparency Initiative, Mohammad Rahim, said that the President of the Council, Oil Minister Thamer Ghadhban decided to publish the final accounts of the national oil companies within two weeks. Rahim said in an interview with "Economy News" that "the Board of Trustees during a meeting held today in the decision of the Ministry of Oil, decided to publish the final accounts of national oil companies, whether it was certified by a final or not certified," adding that this comes "in application of transparency standards In extractive industries ". He added that the Council directed to publish them within a period of time not exceeding two weeks. Views 61   Date Added 04/08/2019

[6ly410]

 

2019/04/08 18:48

 

The Minister of Oil directs the Ministry of Oil companies to publish their final accounts

http://almasalah.com/ar/news/168338/وزير-النفط-يوجه-شركات-الوزارة-المعنية-باستخراج-النفط-بنشر-حساباتها-الختامية

 

BAGHDAD (AP) - Deputy Prime Minister and Minister of Oil Thamir al-Ghadhban on Monday (April 8th, 2019) addressed the companies of his ministry concerned with the extraction of oil by publishing their final accounts on their sites in the electronic network.

Al-Ghadhban said during his meeting with the Board of Trustees of the Extractive Industries Transparency Initiative (EITI), according to the Ministry of Oil's statement that "this measure comes in order to enable citizens to learn about their detailed financial activities." He affirmed his ministry's commitment to all international standards of transparency and corporate governance oil and gas".

On Monday, April 8, 2019, Al Ghadhban met with the visiting international verification team, who expressed his admiration for the progress of the performance of the representatives of the initiative in Iraq and its keenness to implement international standards.

"I am fully convinced that the International Initiative Council will decide to lift the temporary suspension of Iraq's membership at the upcoming Council meeting in Paris next June.

[nannab]

The news better day by day. Now do it !!!!!

Thanks 6ly410.  

[yota691]

The International Initiative for Extractive Industries welcomes the decision to publish the final accounts of the companies of the Ministry of Oil

Thursday, April 25,

Baghdad - conscious

The International Secretariat of the Initiative on Thursday praised the government's efforts to enhance the transparency and governance of the extractive sector and welcomed the decision to publish the final accounts of the general extractive companies of the Ministry of Oil.

"The Executive Director of the International Secretariat for the EITI , Mark Robinson, said in his letter to Deputy Prime Minister and Minister of Oil Thamer Al Ghadhban, in his capacity as Chairman of the Board of Trustees of the Initiative in Iraq, To the remarkable progress in the activity of the initiative in Iraq and to the admiration of the extent of achievement achieved by the outstanding efforts in the draft disclosure methodology for the dissemination of data periodically on the sites of the Ministry and companies to inform citizens of the details of signed contracts and the production and export of oil and gas G go-go ".

"Robinson suggested that the Iraqi delegation participating in the international conference to be held in Paris in June to highlight this progress to participating countries and take the lead role as an example and a leading experiment in the application of standards of disclosure methodology."

Al-Rubaie said that "Robinson concluded his letter to the angry, referring to the decision of the Council of the initiative to approve the request of Iraq, except for the Kurdistan region of the reports of the initiative for the years 2016 to 2018 because of the challenges faced by the initiative to obtain data extraction sector in the region.

 

[ChuckFinley]

Morning Yota, see you have been a busy Grand Master. Lots of news posts out there - Thanks.  

[yota691]

Iraq confirms its commitment to the principles of international transparency

Economie

2019-09-17 | 07:43

 

180 views

 

Deputy Prime Minister for Energy and Minister of Oil and Chairman of the Board of Trustees of the Extractive Industries Transparency Authority on Iraq's full commitment to the optimal investment of national wealth in accordance with the principles and standards of sound management, and the use of revenues earned in support of economic development, as well as the fair distribution of wealth on the Iraqi people of all spectrums and components He stressed the steady position of Iraq from disclosing oil activity and revenues achieved with high transparency.

This came during his presidency of the regular meeting of the Board of Trustees of the Transparency Industries Association (67th session).

Oil Minister Thamer Abbas Al-Ghadhban said in a statement received by Alsumaria News that the ministry is keen to disclose monthly through the media, newspapers and official websites about the export quantities achieved from oil fields, export outlets and financial revenues achieved, in addition to announcing the names of international companies and their nationalities. Which is contracted in the marketing of crude oil, in addition to disclosing the rates of production and consumption and the average price of a barrel through the official website of the Ministry.

 

 

Ghadhban added that the government and the ministry support all activities and activities aimed at enhancing the confidence of the international community and international organizations concerned with the ministry and government institutions responsible for the management of oil activity in the country.

The minister praised the role of oil formations in cooperation, praising the role of civil society organizations in following up the reports and activities related to the oil sector in order to achieve our goals in reaching the most accurate international standards in this context.