Iraq adopts new methods to prevent and restrict oil smuggling

[yota691]

Oil Minister: We are committed to the principles of international transparency and the distribution of wealth to the people

Release date:: 9/19/17 14:39 • 80 times read

Deputy Prime Minister for Energy and Oil Minister Thamir Abbas Ghadhban, on Tuesday, Iraq's full commitment to the optimal investment of national wealth in accordance with the principles and standards of sound management.

Oil Minister Thamer Abbas al-Ghadhban said during his presidency of the regular meeting of the Board of Trustees of Transparency Industries, 67th session, in a statement received by the Euphrates News Agency, that the ministry is keen to disclose monthly through the media, newspapers and official websites Oil and export outlets and financial revenues achieved, as well as the announcement of the names of international companies and nationalities, which are contracted in the marketing of crude oil, in addition to disclosing the rates of production and consumption and the average price per 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."
Ghadhban praised the role of the 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.
He called for "continued cooperation between the ministries and institutions concerned with international organizations, and that cooperation is ideal to achieve the desired results," stressing "the fair distribution of wealth to the Iraqi people of all spectrums and components."

"During the meeting, the draft annual report of the EIT for 2017 was discussed in the presence of the international auditor," the statement said.

[yota691]

Oil Minister confirms Iraq's commitment to the principles of international transparency

Political | 04:14 - 17/09/2019

 

 

 

 

BAGHDAD - Iraq's
Deputy Prime Minister for Energy, Chairman of the Board of Trustees of the Extractive Industries Transparency Authority, and Oil Minister, Thamer Ghadhban, on Tuesday, Iraq's commitment to the principles of international transparency, while noting that the government and the ministry support all events and activities aimed at strengthening the confidence of the international community and organizations Concerned with the management of oil activity in Iraq.
In a statement received by Mawazine News, Ghadhban said, "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. 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. "
He stressed, "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 pointed to the "steady position of Iraq from disclosing oil activity and revenues achieved with high transparency," adding that "the government and the ministry support all events and activities aimed at strengthening the confidence of the international community and international organizations concerned with the ministry and government institutions responsible for managing oil activity in the country."
He 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 framework."
He drew Ghadhban, "continued cooperation between the ministries and institutions concerned with international organizations, and that the cooperation is ideal to achieve the desired results."

[yota691]

Parliamentary Finance proposes the adoption of Iraqi audit companies to save public money

Editing Date:: 2019/21 16:31 • 50 read times

(Baghdad: Euphrates News) The Parliamentary Finance Committee submitted a proposal to adopt Iraqi audit companies to save public money instead of foreign.

This came during a meeting hosted by the Finance Committee headed by Haitham al-Jubouri and the presence of its members, on Saturday, the President of the Office of Financial Control and the Association of Accountants and Auditors.
A statement by his office, which received a copy of the Euphrates News, said that "the host, which took place at the headquarters of the Finance Committee, discussed the proposal to amend the Law of the Association of Accountants and Auditors after the Committee heard the opinion of the President of the Audit Bureau and the Association of Accountants and Auditors on the subject as well as the work mechanism of international auditing companies. in Iraq".
The Finance Committee stressed "its support to go to the adoption of Iraqi audit companies as well as any measure that would save public money from waste and combat all aspects of corruption and provide jobs for the unemployed."

[Butifldrm]

Committees of the Finance Committee Important 

The Finance Committee hosts the President of the Audit Bureau and the Association of Accountants and Auditors

 21/09/2019

 

Hosted by the Finance Committee headed by MP d. Haitham Al-Jubouri and the presence of its members on Saturday 21/9/2019 Head of the Financial Control Bureau and the Association of Accountants and Auditors.

 

And discussed the hosting, which took place at the headquarters of the Finance Committee proposal to amend the law of the Association of Accountants and Auditors after the Committee heard the opinion of the President of the Office of Financial Supervision and the Association of Accountants and Auditors on the subject as well as the mechanism of work of international audit companies in Iraq.

 

The Finance Committee confirmed its support for the adoption of the adoption of Iraqi audit companies as well as any measure that would save public money from waste and combat all aspects of corruption and provide jobs for the unemployed.

 

Parliament

Information Service

http://ar.parliament.iq/2019/09/21/اللجنة-المالية-تستضيف-رئيس-ديوان-الرق/

[3n1]

this is getting beyond insanity hiring a audit company to to them they have corruption in and on every single level of every department in iraq , its been told over and over and now these games are being played , feel so bad for the iraqi that just wants a better life in his country .... thanks yota all the best

[yota691]

 

Iraq announces the restoration of its seat in the Transparency International initiative

 

20-10-2019 03:38 PM
Number of Views: 37

 

 

Orbit Agency -

Baghdad

Iraq on Sunday regained its seat on the Transparency International initiative, Oil Minister Thamer Ghadhban said.

Ghadhban said in a statement that the international board of the Extractive Industries Transparency Initiative issued a decision to lift the suspension of Iraq's membership in the initiative.

He added, 'The decision to lift the suspension of membership came as a result of a series of measures taken by Iraq, which has made significant progress in the application of the standards of the initiative and better implementation of its requirements', valuing that' the efforts made by the concerned authorities in Iraq, especially   members of the Council and the National Secretariat and its keen to return Iraq to membership international initiative to strengthen   the position of the international community '.

He continued that 'continued efforts at high rates to submit and submit reports on activities with high transparency to the relevant international organizations, including the International Board of the Extractive Industries Transparency Initiative', noting 'the government continues to provide support for the application of standards of transparency, especially in the sectors of oil, gas and minerals and benefit from them in the implementation of reforms And improve performance. '

 He called Ghadhban 'national companies and foreign companies operating in Iraq to adhere to the standards and disclosure of information related to financial transactions,' adding that 'the International Board has praised the efforts of Iraq to use the initiative as a global standard in the disclosure of data related to the oil, gas and minerals sector and information That were not previously available as oilfield data, property rights and financial statements of state-owned extractive companies'.

He explained, 'The Board acknowledged that the implementation of the initiative in Iraq has achieved a number of reforms and showed a pioneer transparency in the export of crude oil, and acknowledged the efforts made by Iraq to strengthen the participation of the government and extractive companies in the implementation of the initiative', pointing out that 'Iraq after this decision It returns to the top position among the member countries as the largest country in the amount of revenue reported in the nine reports issued in the years 2009 to 2017, which is equivalent to a quarter of the total amounts disclosed by other countries for the same period.

 

 

 

[yota691]

Iraq regains its place in Transparency International after losing two years

 

 

 2019/10/20 09:33:50

 

Shafaq News / Deputy Prime Minister for Energy and Iraqi Oil Minister, said that the international board of the Extractive Industries Transparency Initiative has issued a decision to lift the suspension of Iraq's membership.
TII has suspended Iraq's membership in the initiative since October 2017.
Thamer Ghadhban, who is also chairman of the Board of Trustees of the TII, said the decision to lift the suspension was a result of a series of measures taken by Iraq that have made significant progress in implementing the plan. Initiative standards and better implementation of its requirements.
He appreciated the efforts exerted by the concerned authorities in Iraq, especially the members of the Council and the National Secretariat, and its keenness to return Iraq to the membership of the international initiative and to strengthen its position in the international community.
He stressed the continuation of efforts at high rates to submit and report on the activities with high transparency to the relevant international organizations, including the International Board for the Extractive Industries Transparency Initiative.
He pointed out that the government continues to provide support for the application of transparency standards, especially in the oil, gas and minerals sectors and to benefit from them in the implementation of reforms and improve performance, calling on national companies and foreign companies operating in Iraq to abide by the standards and disclose information related to financial transactions.
The International Board in his decision praised the efforts made by Iraq to use the initiative as a global standard in the disclosure of data on the oil and gas sector and minerals and information that was not available in the past, such as oilfield data, property rights and financial statements of state-owned extractive companies.
The Board acknowledged that the implementation of the initiative in Iraq has achieved a number of reforms and showed a pioneer transparency in the export of crude oil, also acknowledged the efforts made by Iraq to strengthen the participation of the government and extractive companies in the implementation of the initiative.
This decision returns Iraq to the forefront among the member states as the largest country in the volume of revenue reported in the nine reports issued in the years from 2009 to 2017, which is equivalent to a quarter of the total amounts disclosed by the rest of the countries for the same period.
It is noteworthy that the Deputy Prime Minister for Energy and Oil Minister has overseen since assuming the chairmanship of the Board of Trustees of the Transparency Initiative to hold a series of meetings and specialized workshops, in addition to taking a series of measures and decisions aimed at achieving the standards of the International Board and this was achieved within a period not exceeding a year. The decision to restore Iraq to membership contributes to strengthen the status and position of Iraq in the international community.

[yota691]

Oil Minister announces the restoration of Iraq's seat in the initiative of transparency

Economie

2019-10-20 | 08:29

 

 

Source:

Alsumaria News

 

2,356 views

 

The Deputy Prime Minister for Energy and Oil Minister Thamer Ghadban, on Sunday, the International Board of the Extractive Industries Transparency Initiative issued a decision to lift the suspension of Iraq's membership in the initiative.

Chairman of the Board of Trustees of the Extractive Industries Transparency Initiative in Iraq Thamer Ghadhban said in a statement received by Alsumaria News that the decision to lift the suspension of membership was the result of a series of measures taken by Iraq, which has made great progress in implementing the standards of the initiative and better implementation of its requirements.

 

He praised the efforts exerted by the concerned authorities in Iraq, especially the members of the Council and the National Secretariat, and its keenness to return Iraq to the membership of the international initiative and to strengthen its position in the international community. For the Extractive Industries Transparency Initiative.
He pointed to " the government continues to provide support for the application of standards of transparency, especially in the oil, gas and minerals and take advantage of sectors in the implementation of reforms and performance improvement", calling on national and foreign companies operating in Iraq to "compliance with the standards used and the disclosure of information relating to financial transactions."

[Onlyonechubbs]

Could this be leading up to the passing of the Oil & Gas law 

[nannab]

   For the sake of their people who have had more than their

share of misery and heart ache. We hope this is it.  

 

 

 

[yota691]

Transparency International: Iraq has made significant progress in applying the International Standard for Oil and Gas Governance

12:50 - 21/10/2019

 

  

Information / Translation…

A report by the Transparency International Extractive Industries Corporation (ISI) on Monday confirmed that Iraq's performance in implementing the requirements of the Transparency Standard has improved significantly since the country's first validation in 2017.

And quoted the site of the Foundation in a report translated / information / Chairman of the Foundation Helen Keller as saying that " Iraq's implementation of the transparency standard revealed $ 45 billion the amount of Iraqi crude oil sales annually."

"The challenge now is for Iraq to strengthen multi-stakeholder control over its extractive industries and use this emerging transparency to enhance accountability in managing its natural resources," she said.

The report continued that "the Foundation recognized the progress made by Iraq , through the initiative (EITI), in the disclosure of information that was not accessible before, from data on oil fields and oil property rights to the publication of financial statements of state-owned oil and gas institutions." .

For his part, Deputy Prime Minister and Iraqi Oil Minister Thamer Ghadhban that "the results of the second verification reflects our concerted efforts to open the management of the Iraqi oil and gas industry through regular and comprehensive disclosures."

“However, this emerging transparency has not been matched by equal efforts to ensure that data contribute to public debate and decision-making, as regular disclosure of data required by the standard would enable Iraq to focus on using data to improve accountability in oil and gas sector management. ”.

The decision of the Board of Directors of the Transparency Foundation on Iraq gave the country 18 months to address 12 gaps in the implementation of the standards before the third ratification on April 17, 2021.End / 25d

[yota691]

Corruption costs developing countries $ 1.2 trillion annually

December 17, 2019 11:39 PM
From: Ahmed Shawky

Direct : Corruption takes many forms, and it is often thought to be a problem that mostly affects developing countries, but while the damage it causes is exacerbated in poor countries, corruption does not concern national borders but can be discovered anywhere.

At the fiftieth annual meeting of the World Economic Forum in Davos next month, the founder and CEO "Klaus Schwab" will launch the forum statement, and will clarify the need to adopt a new economic paradigm, "stakeholder capitalism."

According to San Fleming on the World Economic Forum website, the essence of the new economic model that Schwab will advocate is the call to fight corruption.

This battle was essential to the work of the World Economic Forum for many years, and in 2004 it established the Partnership Against Corruption (PACI) initiative.

 

On the occasion of the celebration of the International Day against Corruption on December 9, here are seven painful and destructive examples around the world, as identified by Transparency International.

First - Across Europe, the Middle East, Africa and India, nearly half of workers believe that bribery and corruption are acceptable in the event of an economic slowdown.

Second - corruption, bribery, theft, tax evasion and other illicit financial flows cost developing countries 1.26 trillion dollars annually, which adjusts the total size of the economies of Switzerland, South Africa and Belgium, and enough money to raise 1.4 billion people who receive less than $ 1.25 a day above the poverty line and maintain it At this level for at least 6 years.

Third - Transparency International's Concept of Corruption Index reveals the degree of corruption of 178 countries included in the index, where 10 is the degree of potential states that are free of corruption, and zero indicates widespread corruption, and in 2010, nearly three quarters of the countries registered less From five points.

Fourth - $ 132 billion is lost due to corruption every year in all European Union member states, according to the European Union Commissioner for Home Affairs.

Fifth - Bangladesh is one of the poorest countries in the world, and about a third of the population say they were victims of corruption, and 84 percent of families that dealt with various public and private service institutions were victims of corruption.

Sixth - in war-torn Afghanistan, out of the $ 8 billion that has been donated in recent years, up to $ 1 billion has been lost due to corruption, and bribery payments - for everything from primary school enrollment to clearance - are estimated to exceed $ 1 billion annually.

Seventh - in a Russian province, if you want to become a police officer, you may have to pay about $ 3,000, and to get a place in medical school you will need about $ 10,000.

One consequence of this, according to the International Crisis Group, was that some citizens became so unhappy that they were drawn to the extremist religious stream.

 

[yota691]

Iraq adopts new methods to prevent and restrict oil smuggling

Petroleum platform - archive

 January 2, 2020 09:05 PM

Direct: The Iraqi Minister of Oil announced the adoption of modern and advanced methods to limit the smuggling of petroleum products.

Thamer Al-Ghadban added, according to a statement posted on the ministry’s official website, “Facebook”, today, Thursday, that a contract was signed for the accreditation and installation of a system to detect clarifications and abuses on pipelines carrying oil products, noting that the contract is in the implementation phase.

Al-Ghadban pointed out that all oil pipelines inside Iraq will operate with a GPS system, which enables the concerned authorities to monitor and monitor the movement of tanks throughout the country, and to detect abuses and violations that may occur.

Also, the “ESCADA” system will be adopted to detect the excess of crude oil pipelines ”with the aim of theft and so on, which helps the technical and engineering bodies to move quickly to handle and control emergency situations, as well as the energy police and security agencies to arrest those involved in a short time, according to Al-Ghadban.

The minister explained that any tanker carrying black oil fuel is considered a smuggler, with the exception of the tanks of the land transport companies and the distribution of petroleum products.

He stated that recent contracts restricting the marketing of black oil to "Sumo" and the transportation operations of the companies of the Ministry of Transport and Oil, achieve profits for national companies, and limit smuggling.