The Dismantling Of The OIL AND GAS LAW on 3 projects to facilitate its adoption in Parliament !

[DinarThug]

LINK

Iraqi oil and gas conference in Berlin next week

15:33 - 21/02/2018  

 

Next week, the CWC Group will organize an energy and infrastructure conference and an exhibition for training companies in Berlin, one of the major events related to Iraqi oil and gas.

"The conference will be held from February 27 to 28, which will address the development of Iraq's natural gas reserves with the specific aim of promoting energy-intensive industries to diversify the Iraqi economy," Arak Business News said in a news release.

He added that "this development of Iraq in the gas field is the main engine for the development of additional industrial sectors, where the use of natural gas to generate electricity, petrochemicals, fertilizers, and other heavy industries, which is gas from the raw materials.

"Some analysts may argue that the development of these new industrial sectors will not change the picture for Iraq, because its economic development will remain closely linked to the oil and gas sector. In practice, Iraq's economy will remain affected by the price of oil and gas, but that certainly will contribute to improving "The country does not have many alternatives to develop its natural gas resources and then use them to add other industrial sectors to the economy."

[DinarThug]

LINK

Spokesman of the Ministry of Oil (Basneoz): We are close to reaching an agreement with Erbil

 

 

21st February, 2018
A spokesman for the Iraqi Oil Ministry on Wednesday, close to reach an agreement between Baghdad and Erbil on the oil file, noting that the talks between the two sides have made good progress.

Asim Jihad said in a special statement to (Basneoz) that "there is good progress in the talks between Baghdad and Erbil, especially after the recent meetings between Prime Ministers of the Kurdistan Region, Najirvan Barzani and Iraqi Haider Abadi."

 "The (Federal) Oil Minister held a number of meetings with Kurdish officials regarding the existing problems and there is an attempt to solve them and reach an agreement," the spokesman of the Federal Oil Ministry said.

Regarding the contract between the Ministry of Oil and BP, the ministry spokesman did not hide their intention to export Kirkuk oil. "Whether the (export) operation through Turkey or Iran will not differentiate for us," he said.

The sale of Kirkuk crude since the restoration of militias popular and other Iraqi forces control of the fields of the Kurds in October last in light of the continuing tension between the federal government and the Kurdistan Regional Government after the referendum on the independence of the territory from Iraq on September 25 last.

Kurds seized control of Kirkuk in 2014, preventing the organization from urging control of oil fields in the region after the decline of the Iraqi army to the progress of the organization.

Regarding the absence of coordination between the Ministry of Oil and the Kirkuk Provincial Council and the lawsuit filed by the Council with the Federal Court, the spokesman of the Federal Oil Ministry told "Basneoz" that "we will have coordination with the Provincial Council when there is coordination and consensus within the Council itself, The final decision on the way to export oil and the contracting party and the state to which it is issued, "he said.

The Iraqi oil minister said last month that Baghdad and Tehran are planning to promote the export of Kirkuk oil through Iranian territory in the long term by building a pipeline to transport oil from the city to Iran without the need to transport by truck.

The minister revealed that the planned pipeline could replace the current export line from Kirkuk through Turkey to the port of Ceyhan on the Mediterranean Sea.

Analysts are unable to justify these plans by extending a pipeline to transport oil through Iran while the distance to Iraq's southern ports in Basra province is shorter than the pipeline route across Iranian territory.

Iraqi oil officials announced in December plans to transport crude from Kirkuk by truck to Iran's Kermanshah refinery.

[climber7]

4 hours ago, DinarThug said:

LINK

Spokesman of the Ministry of Oil (Basneoz): We are close to reaching an agreement with Erbil

 

 

21st February, 2018
A spokesman for the Iraqi Oil Ministry on Wednesday, close to reach an agreement between Baghdad and Erbil on the oil file, noting that the talks between the two sides have made good progress.

Asim Jihad said in a special statement to (Basneoz) that "there is good progress in the talks between Baghdad and Erbil, especially after the recent meetings between Prime Ministers of the Kurdistan Region, Najirvan Barzani and Iraqi Haider Abadi."

 "The (Federal) Oil Minister held a number of meetings with Kurdish officials regarding the existing problems and there is an attempt to solve them and reach an agreement," the spokesman of the Federal Oil Ministry said.

Regarding the contract between the Ministry of Oil and BP, the ministry spokesman did not hide their intention to export Kirkuk oil. "Whether the (export) operation through Turkey or Iran will not differentiate for us," he said.

The sale of Kirkuk crude since the restoration of militias popular and other Iraqi forces control of the fields of the Kurds in October last in light of the continuing tension between the federal government and the Kurdistan Regional Government after the referendum on the independence of the territory from Iraq on September 25 last.

Kurds seized control of Kirkuk in 2014, preventing the organization from urging control of oil fields in the region after the decline of the Iraqi army to the progress of the organization.

Regarding the absence of coordination between the Ministry of Oil and the Kirkuk Provincial Council and the lawsuit filed by the Council with the Federal Court, the spokesman of the Federal Oil Ministry told "Basneoz" that "we will have coordination with the Provincial Council when there is coordination and consensus within the Council itself, The final decision on the way to export oil and the contracting party and the state to which it is issued, "he said.

The Iraqi oil minister said last month that Baghdad and Tehran are planning to promote the export of Kirkuk oil through Iranian territory in the long term by building a pipeline to transport oil from the city to Iran without the need to transport by truck.

The minister revealed that the planned pipeline could replace the current export line from Kirkuk through Turkey to the port of Ceyhan on the Mediterranean Sea.

Analysts are unable to justify these plans by extending a pipeline to transport oil through Iran while the distance to Iraq's southern ports in Basra province is shorter than the pipeline route across Iranian territory.

Iraqi oil officials announced in December plans to transport crude from Kirkuk by truck to Iran's Kermanshah refinery.

 

Clearly an opposite message from the post above that says no HCL for a couple more years 

[colts469]

I can’t wait to see who the person is that gets to say “we passed gas”

[DinarThug]

LINK

Iraqi move to bring foreign investment in the oil sector

 

 

24th February, 2018 by Mustafa Al - Obaidi

The Iraqi Ministry of Oil is actively working these days to encourage the international oil companies to establish oil refineries in several provinces and pipelines to transport oil and its products with neighboring countries, to meet the local need and search for additional outlets for the export of oil derivatives. 

In the field of the establishment of new oil refineries, the Iraqi Oil Ministry called on foreign companies and investors to bid in the process of building and operating a new refinery of 100,000 barrels per day near Mosul, northern Iraq. 

"The terms of reference include investment models: the first is construction, ownership and operation, and the second is the construction, operation and transfer of ownership," the ministry said. "The deadline for obtaining the tender is April 1 and offers are due by May 15. 

The ministry also aims to rehabilitate Baiji refinery in Salahuddin province and also expand Kirkuk refinery.

The Ministry of Oil revealed that Baghdad and Tehran signed a memorandum of understanding to study the construction of a pipeline for the export of crude oil from the fields of Kirkuk in northern Iraq via Iran. The agreement, signed by the oil ministers of the two countries in Baghdad, calls for the formation of committees to resolve a dispute over joint oil fields and study the transfer of Iraqi crude to the Iranian refinery Abadan. 

Iraqi Oil Minister Jabbar Ali al-Luaibi said he also agreed with his Iranian counterpart, Bijan Zanganeh, who is visiting Iraq, to "coordinate positions in OPEC to achieve the required balance in world oil markets and in support of oil prices." 

The memorandum of understanding provides for continued cooperation in the field of supplying power plants with Iranian gas, inviting Iranian companies to invest in the oil and gas sector and participating in the rehabilitation of the infrastructure of the oil and gas facilities and the petrochemical plant in Basra.  In Basra, southern Iraq, announced the oil and gas committee in the provincial council «The Ministry of Oil plans to invest Basra gas and the government of Basra supports this planning, with the expectation of the entry of these new investments to work during the current year». 

The committee said that the Iraq Petroleum Conference will be held in the German capital Berlin at the end of February, with the participation of about 300 companies specializing in oil and gas, noting that the investment of Basra gas will be the most important investment opportunities owned by the province of Basra.

Iraq and Kuwait agreed to export Basra gas to Kuwait through pipelines built by each country within its territory. On December 10, the Kuwaiti oil minister announced an agreement with Iraq to import 50 million cubic feet per day of natural gas as a first stage. 

As for the oil of northern Iraq, the Ministry of Oil announced the expected visit of the Minister of Oil Jabbar al-Luaibi to Turkey this week, headed by a high ministerial delegation at the invitation of his Turkish counterpart for talks on developing bilateral relations and expanding horizons of cooperation in oil and energy, Discuss the file of the resumption of Iraqi oil exports through the Turkish port of Ceyhan through the state oil marketing company «Sumo» exclusively.

The ministry said that «the visit will also include inviting the Turkish companies specialized to implement the investment projects announced by the ministry and to contribute and participate in the development of the oil sector», noting that «this visit is an update of the talks held in Baghdad before the end of last year». 

Oil exports from northern Iraq through Turkey have been stalled since Iraqi forces recovered the Bai Hassan and Afana oilfields in northwest Kirkuk from the Kurdish Peshmerga forces last October. Iraq is also seeking to build a new export route from Kirkuk to Mosul to Turkey .

The financial adviser to the Prime Minister said the appearance of Mohammed Saleh, that all announced by the States and other institutions and institutions participating in the Iraq Reconstruction Conference, which was held in Kuwait, was a general promise and commitments to soft loans will be translated later on the ground through agreements and charters between the party lending to the loan And the government of Iraq, stressing that it will accept loans if it agrees with its conditions without dumping the country debt. 

"The terms of the agreements will be the Faisal's acceptance of these loans or the postponement of their acceptance according to the need and the financial situation of the country, which will be entrusted to a permanent committee that will be formed in order to take its decisions on the loans, grants and financial donations," Saleh said. Including the determination of the quality of the loan, whether short or long-term in addition to the interest rate imposed.

Iraq has received promises of loans and investments worth 30 billion US dollars to rebuild the country and improve its infrastructure, but Vice President Iyad Allawi, called for parliamentary investigation to know who caused the failure of the Kuwait Conference for the reconstruction of Iraq, Participation in the conference turned into a sovereign debt that exhausts Iraq and invests its future.

[DinarThug]

LINK

Establishing a production line of 30 thousand tons of oil
at Al-Rasheed plant

 

 

25th February, 2018

The General Company for Food Products announced that it will establish a new production line with a capacity of 30 thousand tons of oil at the Rasheed plant.

"We will have a line to produce 30,000 tons of oil at Al-Rasheed plant in Baghdad," the company's general manager, Nasruddin Mohammad, told the state-run Al-Sabah daily, "The Economist News," adding that "the company's production of soap and detergents 5-10 percent of available energy and the company aspires to reach 70-80 percent . "

He added that "the laundry powders produced by the company of the finest species because it consists of the active ingredient by 17 21 percent by type of product in accordance with the standards of Iraq and the world ."

"The consumer does not know that the consumer does not know that his culture is limited to the amount he will pay without thinking about quality and specifications, " Mohammed said .

[DinarThug]

LINK

Paths of the relationship between oil and the dollar

 

 

25th February, 2018 by Ihab Ali MPs
The indirect or long-term impact of the dollar's decline in world oil markets is to change the fundamentals of the market by influencing the supply and demand of oil. The long-term decline in the dollar's production capacity, or lack of growth in line with the increase in prices due to the low purchasing power of exporting countries, will not enable them to save money to increase production capacity. This means lower supply compared to demand, and therefore higher oil prices. The same applies to international oil companies that receive their revenues in dollars, but they pay their bills in different currencies. Oil companies in the North Sea, for example, pay their workers' wages in euros when they receive their revenues in dollars. This means higher costs than revenues, which prevents them from increasing investment in additional energy, despite rising oil prices. This also reduces supply, and raises oil prices.

At the same time, the dollar's decline is driving demand for oil and shortening the impact of rising oil prices in the United States and countries that are pegging their currencies to the dollar. The decline in the dollar resulted in relatively low oil prices in European and Asian countries. If this decline is not encouraged by the increase in oil demand growth, at least high oil prices will not significantly affect the demand for oil in these countries. This is one explanation for the continued demand for oil to grow at a time when oil prices continue to rise. But even demand in the United States has not been affected for many reasons, most notably the decline in the dollar prevented hundreds of thousands of Americans from spending their annual leave in Europe, which made them spend in the United States and travel within. This resulted in an increase in demand for gasoline and energy in general.

The effect of the low dollar exchange rate on oil in the short term

 

The impact of the near-term depreciation of the dollar is different from the effect of its long-term reduction, but both result in higher oil prices. The short-term devaluation of the US currency leads to increased speculations in the oil futures markets and raises the demand for oil. Prices, and increases the US balance of payments deficit, which leads to a reduction in the price of the US dollar, and so on.

The impact of the low dollar price in the long term

 

As long as the oil is priced in US dollars, and based on the facts mentioned above, reducing the price of the US dollar causes a reduction in production capacity and increased demand for oil, and low production and increased demand lead to higher oil prices. For example, the devaluation of the dollar reduces the purchasing value of exports Oil, leading to a reduction in investment in the fields of discovery and research, and then reduce production capacity than would be if the price of the dollar high.

In other words, there is an inverse relationship between the value of the dollar and the price of oil. This relationship can not be separated because the solutions of non-dollar oil pricing or the reduction of US dependence on oil are currently not possible. In the short term, the dollar's decline contributes to encouraging speculators to enter the oil markets. Which in turn contributes to the increase in oil prices and increase their volatility. In the long run, the decline in the dollar contributes to the reduction of production growth while contributing to the growth in demand for oil, resulting in high oil prices. This rise does not necessarily mean that it is beneficial to producing countries because it is the lesson that oil revenues can buy, not the price of a barrel.

The current scene under the dollar

 

Oil prices fell on the back of a stronger dollar, which dominated a report of lower crude stocks in the US. Brent crude fell 42 cents, or 0.6 percent, from the previous close to $ 65 a barrel.

LONDON (Reuters) - The dollar rose to a one-week high against a basket of major currencies after the minutes of a meeting of the Federal Reserve showed policymakers were increasingly confident that interest rates should continue to rise. The cost of fuel imports to countries using other currencies may limit demand.

The strength of the dollar was overshadowed by the report by the US Petroleum Institute, which showed an unexpected drop in US crude inventories by 907,000 barrels to 420.3 million barrels in the week ending Feb. 16. Despite these declines, analysts said the oil markets were generally well supported As demand growth coincides with production cuts led by the Organization of Petroleum Exporting Countries (OPEC) and Russia.

The commitment to the agreement is relatively good, "Daniel Anins, a strategist at ANZ Bank, said in a report released today.

[DinarThug]

Investment in the Iraqi oil sector .. Bring revenue or waste of wealth?

 

 

 

2018/2/25 09:53:39 AM 
The Iraqi Ministry of Oil is moving actively these days to work to encourage international oil companies to establish oil refineries in several provinces and pipelines to transport oil and its products with neighboring countries, to meet the local need and search for additional outlets for the export of oil derivatives.

In the field of the establishment of new oil refineries, the Iraqi Oil Ministry called on foreign companies and investors to bid in the process of building and operating a new refinery of 100,000 barrels per day near Mosul, northern Iraq.

"The terms of reference include investment models: the first is construction, ownership and operation, and the second is the construction, operation and transfer of ownership," the ministry said. "The deadline for obtaining the tender is April 1 and offers are due by May 15.

The ministry also aims to rehabilitate Baiji refinery in Salahuddin province and also expand Kirkuk refinery.

The Ministry of Oil revealed that Baghdad and Tehran signed a memorandum of understanding to study the construction of a pipeline for the export of crude oil from the fields of Kirkuk in northern Iraq via Iran. The agreement, signed by the oil ministers of the two countries in Baghdad, calls for the formation of committees to resolve a dispute over joint oil fields and study the transfer of Iraqi crude to the Iranian refinery Abadan.

Iraqi Oil Minister Jabbar Ali al-Luaibi said he also agreed with his Iranian counterpart, Bijan Zanganeh, who is visiting Iraq, to "coordinate positions in OPEC to achieve the required balance in world oil markets and in support of oil prices."

The memorandum of understanding provides for continued cooperation in the field of supplying power plants with Iranian gas, inviting Iranian companies to invest in the oil and gas sector and participating in the rehabilitation of the infrastructure of the oil and gas facilities and the petrochemical plant in Basra. In Basra, southern Iraq, announced the oil and gas committee in the provincial council «The Ministry of Oil plans to invest Basra gas and the government of Basra supports this planning, with the expectation of the entry of these new investments to work during the current year».

The committee said that the Iraq Petroleum Conference will be held in the German capital Berlin at the end of February, with the participation of about 300 companies specializing in oil and gas, noting that the investment of Basra gas will be the most important investment opportunities owned by the province of Basra.

Iraq and Kuwait agreed to export Basra gas to Kuwait through pipelines built by each country within its territory. On December 10, the Kuwaiti oil minister announced an agreement with Iraq to import 50 million cubic feet per day of natural gas as a first stage.

As for the oil of northern Iraq, the Ministry of Oil announced the expected visit of the Minister of Oil Jabbar al-Luaibi to Turkey this week, headed by a high ministerial delegation at the invitation of his Turkish counterpart for talks on developing bilateral relations and expanding horizons of cooperation in oil and energy, Discuss the file of the resumption of Iraqi oil exports through the Turkish port of Ceyhan through the state oil marketing company «Sumo» exclusively.

The ministry said that «the visit will also include inviting the Turkish companies specialized to implement the investment projects announced by the ministry and to contribute and participate in the development of the oil sector», noting that «this visit is an update of the talks held in Baghdad before the end of last year».

Oil exports from northern Iraq through Turkey have been stalled since Iraqi forces recovered the Bai Hassan and Afana oilfields in northwest Kirkuk from the Kurdish Peshmerga forces last October. Iraq is also seeking to build a new export route from Kirkuk to Mosul to Turkey .

The financial adviser to the Prime Minister said the appearance of Mohammed Saleh, that all the announced by the States and other bodies and institutions participating in the Iraq Reconstruction Conference, which was held in Kuwait, was a promise and general commitments to soft loans will be translated later on the ground through agreements and charters between the party lending to the loan And the government of Iraq, stressing that it will accept loans if it agrees with its conditions without dumping the country debt.

"The terms of the agreements will be the acceptance of Iraq's loans or the postponement of their acceptance according to the need and the financial situation of the country," Saleh told al-Marbad radio, which will be entrusted to a permanent committee to be formed in order to take decisions on loans, grants and financial donations. Including the determination of the quality of the loan, whether short or long-term in addition to the interest rate imposed.

Iraq has received promises of loans and investments worth 30 billion US dollars to rebuild the country and improve its infrastructure, but Vice President Iyad Allawi, called for parliamentary investigation to know who caused the failure of the Kuwait Conference for the reconstruction of Iraq, Participation in the conference turned into a sovereign debt that exhausts Iraq and invests its future.

Source: Al Quds Al Arabi

link

 

 

[DinarThug]

LINK

Iraq plans to phase out oil
 

 

26th February, 2018

The Minister of Planning Salman Jumaili, on Monday, the Iraqi trend towards the phase-out of oil gradually, stressing that Iraq is qualified to go this way. 

"Iraq has prepared a ten-year reconstruction document covering all sectors and activities," Jumaili said in an interview with the Saudi daily Al-Riyadh. "The work document includes priorities in the forefront, including the housing and services sector at an estimated cost of 100 Billion dollars and will be funded from the reconstruction and loan program, the State Treasury and the contributions of the private sector. " 

He added that "Iraq is planning to develop various sectors of development and the sectors of agriculture and industry will be among the priorities of our attention and that the plans are moving towards the phase-out of oil that Iraq is qualified to follow this trend because of its capabilities and potential."

Jumaili pointed out that "there are real measures taken by the Iraqi government recently to reduce the routine in the joints of the state to encourage investors and facilitate the task of investment in Iraq."

[DinarThug]

LINK

Oil continues to rise Monday

 

 

26th February, 2018
Oil continued to rise above $ 67 a barrel on Monday, taking advantage of optimistic statements by Saudi Arabia that OPEC-led efforts to cut world stocks by curbing production are bearing fruit. 

By 14:58 GMT, global benchmark crude was up 10 cents to $ 67.10 a barrel. 

Prices rose in early 2018 to $ 71.28 a barrel on Jan. 25, the highest level since December 2014. US crude rose eight cents to $ 62.85 a barrel.

[DinarThug]

LINK

Oil: January's fiscal revenue reached $ 6.7 billion

 

2018-02-26 at 12:21 (Baghdad time)

The Ministry of Oil announced on Monday the total oil exports and revenues for the month of January.

"The total number of exported crude oil for the month of January reached (108) million and (190) thousand and (68) barrels, with revenues of (6) Billion and (772) million and (229) thousand dollars, while the statistics did not record any oil exports from the fields of Kirkuk. "

Jihad added that "the average price per barrel amounted to (62,596) dollars," noting that "the exported quantities were loaded by (31) international companies of different nationalities, from the ports of Basra and Khor al-Amaya and the monolithic buoys on the Gulf."

[DinarThug]

 

LINK

Parliament is preparing to vote on the law of the National Oil Company and the Iraqi share of its profits 

12:47 - 26/02/2018  

 

A member of the Committee on Oil and Energy parliamentary Ibrahim Bahr al-Ulum, on Monday, the approval of the Presidency of the House of Representatives to include the law of the National Oil Company on the agenda of the sessions of the week to vote on him, stressing that the Iraqis will have a share of the profits of this company.

He said Bahr al-Ulum in a statement to / information / that "the subcommittee formed by the Committee on oil and energy parliamentary completed the legislation of the National Oil Company and submitted to the Presidency of the Council of Representatives," noting that "the Presidency agreed to include the law on the agenda of next week's sessions to vote on him".

Bahr al-Ulum added that "the approval of the law of the National Oil Company will constitute a qualitative leap in the oil sector and will reflect positively on the extractive and marketing sector, which will be under the umbrella of this company," pointing out that "the Iraqis will have a share of the profits of this company."

It is noteworthy that the Cabinet voted on 14 March 2017 on the draft law of the Iraqi National Oil Company and decided to refer it to the House of Representatives.

[skeetdog]

Thanks DT......

[DinarThug]

They Must Have Tremendous Security Concerns About The Trucks Backfiring !  

                                         (see photo below)

     

 

 

LINK

Plan to truck oil from Iraq's Kirkuk to Iran delayed by security concerns

 

26th February, 2018
A plan to truck oil from Iraq’s northern Kirkuk fields to Iran cannot be fully implemented at this stage due to security concerns, Reuters quoted the head of the Iran-Iraq chamber of commerce as saying on Monday. Iraq and Iran have agreed to swap up to 60,000 barrels per day of crude produced from Kirkuk for Iranian oil to be delivered to southern Iraq.

About 30,000 barrels per day of crude is to be trucked to Iran’s Kermanshah refinery in the first instance. “Iran is facing some problems to implement the agreement due to security issues,” said Hamid Hosseini, the Iranian secretary-general of the Iran-Iraq Chamber of Commerce. “Iran does not have X-ray machines to scan the trucks coming from Iraq,” Hosseini added. He said Iran was in talks with Iraq to use their X-ray facilities.

[bkeiller]

2 hours ago, DinarThug said:

 

LINK

Parliament is preparing to vote on the law of the National Oil Company and the Iraqi share of its profits 

12:47 - 26/02/2018  

 

A member of the Committee on Oil and Energy parliamentary Ibrahim Bahr al-Ulum, on Monday, the approval of the Presidency of the House of Representatives to include the law of the National Oil Company on the agenda of the sessions of the week to vote on him, stressing that the Iraqis will have a share of the profits of this company.

He said Bahr al-Ulum in a statement to / information / that "the subcommittee formed by the Committee on oil and energy parliamentary completed the legislation of the National Oil Company and submitted to the Presidency of the Council of Representatives," noting that "the Presidency agreed to include the law on the agenda of next week's sessions to vote on him".

Bahr al-Ulum added that "the approval of the law of the National Oil Company will constitute a qualitative leap in the oil sector and will reflect positively on the extractive and marketing sector, which will be under the umbrella of this company," pointing out that "the Iraqis will have a share of the profits of this company."

It is noteworthy that the Cabinet voted on 14 March 2017 on the draft law of the Iraqi National Oil Company and decided to refer it to the House of Representatives.

Is this a preamble to the HCL, or will this be a foundation for the HCL. Or, is this the HCL by just another name? Anyone able to frame the scope of this, as it smells like a HCL deal?

[davis411]

12 minutes ago, bkeiller said:

Is this a preamble to the HCL, or will this be a foundation for the HCL. Or, is this the HCL by just another name? Anyone able to frame the scope of this, as it smells like a HCL deal?

Ok

i figured it out being Iraq 

if it looks like hcl

sounds like hcl

smells like hcl 

 

it must be a chicken

[Pitcher]

We usually use duck but that was funny

 

[DinarThug]

 

LINK

Parliament is preparing to vote on the law of the National Oil Company and the Iraqi share of its profits 

12:47 - 26/02/2018  

 

A member of the Committee on Oil and Energy parliamentary Ibrahim Bahr al-Ulum, on Monday, the approval of the Presidency of the House of Representatives to include the law of the National Oil Company on the agenda of the sessions of the week to vote on him, stressing that the Iraqis will have a share of the profits of this company.

He said Bahr al-Ulum in a statement to / information / that "the subcommittee formed by the Committee on oil and energy parliamentary completed the legislation of the National Oil Company and submitted to the Presidency of the Council of Representatives," noting that "the Presidency agreed to include the law on the agenda of next week's sessions to vote on him".

Bahr al-Ulum added that "the approval of the law of the National Oil Company will constitute a qualitative leap in the oil sector and will reflect positively on the extractive and marketing sector, which will be under the umbrella of this company," pointing out that "the Iraqis will have a share of the profits of this company."

It is noteworthy that the Cabinet voted on 14 March 2017 on the draft law of the Iraqi National Oil Company and decided to refer it to the House of Representatives.

 

2 hours ago, DinarThug said:

 

Parliament is preparing to vote on the law of the National Oil Company and the Iraqi share of its profits 

12:47 - 26/02/2018  

 

A member of the Committee on Oil and Energy parliamentary Ibrahim Bahr al-Ulum, on Monday, the approval of the Presidency of the House of Representatives to include the law of the National Oil Company on the agenda of the sessions of the week to vote on him, stressing that the Iraqis will have a share of the profits of this company.

He said Bahr al-Ulum in a statement to / information / that "the subcommittee formed by the Committee on oil and energy parliamentary completed the legislation of the National Oil Company and submitted to the Presidency of the Council of Representatives," noting that "the Presidency agreed to include the law on the agenda of next week's sessions to vote on him".

Bahr al-Ulum added that "the approval of the law of the National Oil Company will constitute a qualitative leap in the oil sector and will reflect positively on the extractive and marketing sector, which will be under the umbrella of this company," pointing out that "the Iraqis will have a share of the profits of this company."

It is noteworthy that the Cabinet voted on 14 March 2017 on the draft law of the Iraqi National Oil Company and decided to refer it to the House of Representatives.

 

11 minutes ago, bkeiller said:

Is this a preamble to the HCL, or will this be a foundation for the HCL. Or, is this the HCL by just another name? Anyone able to frame the scope of this, as it smells like a HCL deal?

 

U Can Smell The The HCL In This Article Even All The Way From Luigi’s Guru Cow Pie Pasture In The Rumor Section !  

 

     

[tigergorzow]

DT Thanks, DV,   "National Oil Company Law" reads like the "Oil &  Gas Law" to me.   Sharing the wealth amongst the citizens is key in this article and the extraction and marketing of the Oil sector.  I'm praying once this happens the "HCL" should follow IMHO.....😊😁

 

Also,  The infamous RV / RI is ready for launch.

 

GO National Oil Company Law

 

GO HCL

 

GO RV / RI

 

 

[jcfrag]

Well I'm thinking the same thing tiger. To hear Abadi talk about the Kurds these days, they too are Iraqis. More and more the Kurds are referred to as Erbil, not the Kurds or Kurdistan. It would only make sense that the National Oil Law encompasses "Erbil" as Iraqis also! Probably why Barzani is onboard with Abadis ideas so keenly. He has never wavered in his "all roads lead to Bagdad " proclamation!

 

 

Edited February 26, 2018 by jcfrag

[ChuckFinley]

1 hour ago, bkeiller said:

Is this a preamble to the HCL, or will this be a foundation for the HCL. Or, is this the HCL by just another name? Anyone able to frame the scope of this, as it smells like a HCL deal?

No matter which way you cut it, it sounds good.

[ChuckFinley]

41 minutes ago, tigergorzow said:

DT Thanks, DV,   "National Oil Company Law" reads like the "Oil &  Gas Law" to me.   Sharing the wealth amongst the citizens is key in this article and the extraction and marketing of the Oil sector.  I'm praying once this happens the "HCL" should follow IMHO.....😊😁

 

Also,  The infamous RV / RI is ready for launch.

 

GO National Oil Company Law

 

GO HCL

 

GO RV / RI

 

 

Sure does Tiger.  

[Wiljor]

42 minutes ago, tigergorzow said:

DT Thanks, DV,   "National Oil Company Law" reads like the "Oil &  Gas Law" to me.   Sharing the wealth amongst the citizens is key in this article and the extraction and marketing of the Oil sector.  I'm praying once this happens the "HCL" should follow IMHO.....😊😁

 

Also,  The infamous RV / RI is ready for launch.

 

GO National Oil Company Law

 

GO HCL

 

GO RV / RI

 

 

Yea know, you might be on to something here brother tigergorzow, let’s hope it’s what your thoughts are  

[davis411]

But don't forget about the chicken

he leads us across the road

 

then we get run over

 

chicken pot pie for dinner

 

cant wait for steak 

[pokerplayer]

That chicken better be careful as word on the street is Cornol Sanders has a bounty on chicken these days as he is running out !

 

   pp