Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content
  • CRYPTO REWARDS!

    Full endorsement on this opportunity - but it's limited, so get in while you can!

Oil and energy parliamentary rule out the adoption of the "oil and gas" law in the current session


Recommended Posts

If Iraq was trying to dissuade people with dinar they have succeeded. These people can't wait much longer. They need the backing of the world to succeed. If they continue to delay they will be hanging in the center of Baghdad. This is SMOKE IMO!It Will happen THIS year. IMO! Keep the faith DV!

  • Upvote 10
Link to comment
Share on other sites

6 hours ago, captl1 said:

If Iraq was trying to dissuade people with dinar they have succeeded. These people can't wait much longer. They need the backing of the world to succeed. If they continue to delay they will be hanging in the center of Baghdad. This is SMOKE IMO!It Will happen THIS year. IMO! Keep the faith DV!

 

Morning Captl1, good to see you back :tiphat:

Mas Tequila  :drunk:

Edited by Wiljor
  • Upvote 1
Link to comment
Share on other sites

10 hours ago, WaitIsOver said:

Before Ramadan I HOPE!!!!  (It's that time again).... iraqi politicians make obummer look like a ballerina dancer instead of the cockroach in my trashcan :x

 

Obama in a Ballerina outfit ? Yea, I can see it. He sure looks like a fairy on a bicycle

 

Edited by 10 YEARS LATER
  • Upvote 3
Link to comment
Share on other sites

National Oil Company, a step to reform the sector and the economy

National Oil Company, a step to reform the sector and the economy
Opening - Adel Abdul Mahdi - 1:10 - 10/05/2017 - Hits: 124

 

The re-delivery of the oil and gas sector company contemporary commercial, financial and economic concepts depend according to market standards and production is properly ordered and correct the behavior prevailed for three decades. Sector will be difficult to manage by the Ministry or bureaucratic administration, with all the slow multifactorial and Trutbyatea hierarchical patterns and decisions governed by text inertia and Toullach, not interest and the health of the situation. The state mission of service, guidance, care, planning and supervision .. As for the state as a business it is a failed and corrupt, as demonstrated experience we have with the other countries. In a socialist country like China, there is no oil ministry originally, and managed sector in detail by the giant companies managed to occupy a high position not only Chinese, but also globally, and the role of Chinese companies in the oil sector we have the best evidence.

It became the Iraqi National Oil Company (INOC) the sole operator as a result of nationalization (1972), and increased production from 1.4 M.b.a in 1974 to 3 in 1980 M.b.a .. then things have deteriorated as a result of wars, blockades, sanctions and wrong policies, before regaining rise in recent years to about 4.750 M.b.a. The Ministry of Oil sector operator has not only become suspended in 1987 after the company's labor law and integrated into the Ministry of Oil. In the Astaizharna the ministry to prepare a draft law. Meetings and seminars were held to mature drafts, in preparation for approval. And has continued to work on the Minister Brother "Allaibi", the ministry submitted Bmsodtha to the cabinet, which approved last March after holding many of the amendments, and the House of Representatives began the first reading of the draft in recent sessions. However Mbarkina to work but we have some observations:

  1. It is not clear from the draft law will be the real operator of the sector .. Is it the company as it was the case in 1964 and 1967, according to the law .. Or is the ministry after the cancellation of the law in 1987? Especially with the presence of "licensing contracts" and the role of foreign companies? Does the company take into account the accounting business rules in the company's financial system, and do not comply with the financial and accounting rules applicable in the government, as stipulated in Article 17 of the 1967 Act? Or it will be subject to a routine state, as has become the case after 1987? Does the company will receive the specificities of basic and exceptions not subject to a series of routine restrictions assisted in the launch, as contained in Article 9 and 10 of the 1967 Act, or continue the routine "Bektabna and book", delaying business and accumulates waste and complications? Fmsudh public law, and does not include -ala accept various hints Altooellat- important issues of administrative and planning, and in terms of personnel and their motivation and business processes that are entitled to do inside and outside the country, etc.
  2. We wanted the law contains a key proposal, which shares ownership of the company for Iraqi citizens who tax their home is Iraq, of one share is not sold or inherited every Iraqi citizen. This is an important step for the application of the constitutional article that oil and gas is the property of the Iraqi people. Such a foundation that represents a real coup in the economy to move it forward from the rentier oil economy, come resources from the top down, gradually turning into a collection of the economy where comes resources from the lowest to the highest, through the "oil tax" that keep the proportion of citizens, and the rest goes to the treasury State and finance sector operations.
  3. We wanted that the law includes some provisions that make oil and gas company is not just an oil company, but one of crowbars national economic development and to the regions and provinces, and to achieve greater resources for the Treasury and the national economy. This is a clear goal was in 1967. Law as well as we wish to allocate a share of the profits of companies owned by the agricultural, industrial and socio-economic development and national and various provinces .. and allows the use of the potential of the company and taboos to serve the economic and social goals benefit the children of the areas and prevent them harm.

Supposed to apply the new law on the legal 1964 and 1967 in terms of philosophy and administrators and goals. Despite this, the company will establish a step forward. Not too late to introduce amendments, and the task of the House of Representatives in consultation with the owners of the relationship.

Adel Abdul-Mahdi

  • Upvote 7
Link to comment
Share on other sites

  • 3 weeks later...
 

22 minutes ago

Last updated

02:49 PM

 

 

 

BAGHDAD / Tomorrow Press: 

revealed to the Oil and Energy Committee member of the parliamentary beauty cougars, on Saturday, not to re - draft oil and gas law to parliament , despite the pressure, ruling out a vote in the current session. 

The Cougars for "Tomorrow Press" that " the draft oil and gas law was withdrawn by the government to study and re - drafted", stressing that " the government did not return the bill to the House of Representatives so far, despite all the pressure exerted by the Committee on the government."

 

He noted, that " the Commission suggested that the move legislation draft law, there will be pressure on the government to send the new law, but we do not get any response , " noting that " the governments of Baghdad and Erbil has not yet Etwafaqa on the oil file", ruling out "vote on the law oil and gas in the current parliamentary session. " 

The oil minister, Jabbar Allaibi, announced January 18 2017 the completion of the draft oil and gas law, as well as a legal national oil company , the national gas company by the relevant departments in the Ministry and sent to the General Secretariat of the Council of Ministers, with a view to discussion and approval and then carried over to the House of Representatives to Thariahma.

  • Upvote 2
Link to comment
Share on other sites

Quote

not to re - draft oil and gas law to parliament 

Actually I'm glad they choose not to re-draft it, send that baby to next phase...If they can get a majority of the house to show up and vote on it, which is required, is the problem. That session when ever the time arrives we should expect to see 300+ in attendance...

  • Upvote 2
Link to comment
Share on other sites

5 minutes ago, ChuckFinley said:

Ok, I may be miss reading this. Are they just pulling this until next session or is this back in the draw again for a few more months. I can not wait for the day that I can read these things and i do not have to translate the translation.  :lol:

I can not wait for the day when we are sipping on umbrella drinks checking on investments reported on in clear English!!!!!

  • Upvote 5
Link to comment
Share on other sites

37 minutes ago, yota691 said:
 
The oil minister, Jabbar Allaibi, announced January 18 2017 the completion of the draft oil and gas law, as well as a legal national oil company , the national gas company by the relevant departments in the Ministry and sent to the General Secretariat of the Council of Ministers, with a view to discussion and approval and then carried over to the House of Representatives to Thariahma.

 

It sounds to me that the HCL is a done deal and that it was completed in January behind closed doors.  As others have stated, we are simply waiting on the liberation of Mosul.  

 

My two cents...

  • Upvote 5
Link to comment
Share on other sites

2 hours ago, yota691 said:

Actually I'm glad they choose not to re-draft it, send that baby to next phase...If they can get a majority of the house to show up and vote on it, which is required, is the problem. That session when ever the time arrives we should expect to see 300+ in attendance...

 

Yes, I concur Yota  :twothumbs:

  • Upvote 1
Link to comment
Share on other sites

4 hours ago, yota691 said:
 

22 minutes ago

Last updated

02:49 PM

 

 

 

BAGHDAD / Tomorrow Press: 

revealed to the Oil and Energy Committee member of the parliamentary beauty cougars, on Saturday, not to re - draft oil and gas law to parliament , despite the pressure, ruling out a vote in the current session. 

The Cougars for "Tomorrow Press" that " the draft oil and gas law was withdrawn by the government to study and re - drafted", stressing that " the government did not return the bill to the House of Representatives so far, despite all the pressure exerted by the Committee on the government."

 

He noted, that " the Commission suggested that the move legislation draft law, there will be pressure on the government to send the new law, but we do not get any response , " noting that " the governments of Baghdad and Erbil has not yet Etwafaqa on the oil file", ruling out "vote on the law oil and gas in the current parliamentary session. " 

The oil minister, Jabbar Allaibi, announced January 18 2017 the completion of the draft oil and gas law, as well as a legal national oil company , the national gas company by the relevant departments in the Ministry and sent to the General Secretariat of the Council of Ministers, with a view to discussion and approval and then carried over to the House of Representatives to Thariahma.

This is awesome!!! I'm overly excited they are letting us know that the last few articles were smoke. Or misunderstood

  • Upvote 1
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.



  • Testing the Rocker Badge!

  • Live Exchange Rate

×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.