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

[King Bean]

On ‎2‎/‎17‎/‎2018 at 6:38 PM, DinarThug said:

The dismantling of the oil and gas law into 3 parts, to facilitate its adoption in Parliament

 

  OK, Mustafa, call IKEA and tell them they forgot to send the f#@*&+ RV wrench.  

                               

Edited April 9, 2018 by King Bean

[DinarThug]

Parliamentary claims to study the new oil contracts before they are concluded

 

Baghdad - Journal News 
What is mentioned in the term licensing rounds of oil, to come to mind the corruption and manipulation of these contracts during the past years caused a big bang then senior officials, accused according to international documents and statements that they are part of corruption, waste of money and manipulation of capabilities.

After the collapse of oil prices, contracts licensing rounds were a hardship on Iraq, as companies retained their profits at the time of the oil boom, while the prices of barrels dropped, which makes the loss of Iraq inevitable.

In this regard, a member of the Committee of Oil and Energy MP Mazen Al-Mazni, to send new oil contracts to the House of Representatives for the purpose of study before the ministry's signature.

"We believe that there is a plan with the Ministry of Oil for the new discoveries, through which the past mistakes can be overcome by contracts licensing rounds announced by the previous government and the former Chairman of the Committee on Energy Ministerial."

He added: "The Ministry of Oil must follow the law and the Constitution, and come draft of these contracts to the House of Representatives to be informed by Parliament and study unlike the previous that was not seen by the House of Representatives and does not have a copy either the Commission on Integrity or parliamentary energy, and even drafts that found It was in English and has not yet been translated. "

The Oil Ministry, announced last Sunday (April 1, 2018), the intention of Iraq to award contracts for the exploration and development of oil and gas in 11 new areas on April 15.

"The withdrawal of bidding documents will be made available to oil and gas companies wishing to enter the competition on April 13," ministry spokesman Assem Jihad said in a statement. "The bids will be presented on April 15 and the winners will be announced on the same day."

And ask interested in the economic issue of the repercussions of the National Oil Company, which approved the law in the past on oil licensing contracts, and will provide guarantees to save oil from the pests of corruption, and answer member of the Committee on oil and energy parliamentary Mazen Mazni for that, saying: "The National Oil Company needs to Approved by the Council of Ministers to start work and there is special coordination regarding these contracts with the oil company. "

"It is too early to talk about a company that has not yet started its work," he said.

The House of Representatives, voted on the fifth of last March, the draft law of the National Oil Company, which was approved by the President of Salmjhp Fouad Masum on March 25, and promised by the Ministry of Oil a decision to develop a history of investment. 

Oil Minister Jabbar al-Luaibi said that "the historic decision aims at optimizing the investment of national wealth management and protection and development in accordance with the programs and mechanisms developed by the competent national effort and management." The ministry will take appropriate measures and steps to implement the law and achieve the desired objectives.

For its part, the Committee of oil and energy parliamentary, the National Oil Company will achieve a great achievement of the people through the formation of funds where will be deducted at least 10% of the revenues to be distributed to those funds, according to the Chairman of the Committee Ali Maaraj.

link

[ChuckFinley]

If we can just keep the corruption under control this could be really good.  

[DinarThug]

Saudi Arabia secretly targeting $80 oil

Date: 2018/04/10 - 5:59 PM

 

 

WAAR-DUHOK:

Saudi Arabia is likely targeting oil prices at $80 a barrel to boost the valuation of its oil giant Aramco ahead of its much-hyped IPO and to help finance increasingly ambitious domestic policy plans, Bloomberg reported on Tuesday, citing people who have spoken to Saudi officials.

Although Saudi officials have been careful not to point to a specific oil price target in private discussions over the past month, “the inescapable conclusion from the conversations was that Riyadh is aiming for $80,” according to the people who spoke to Bloomberg on the condition of anonymity.

A couple of months ago, Saudi Arabia was reportedly targeting oil at $70, but that was before Riyadh admitted that Aramco’s initial public offering could take place in 2019, instead of in the second half of 2018, as it has been planned for years.

In an interview with Time magazine last week, Saudi Crown Prince Mohammed bin Salman—the proponent of the Saudi economic overhaul to diversify from oil—for the first time linked oil prices with the Aramco IPO.

link

[DinarThug]

LINK

Oil rises to highest level since 2014

 

 

2018/4/11 8:30

International oil prices rallied on Wednesday, pushing up gains in the previous session as markets watched the Middle East escalate tensions after Eurocontrol warned of possible air strikes in Syria within 72 hours.
 

Brent crude rose $ 71.09 a barrel at 0104 GMT, up 7 percent from its last close. 

Brent climbed more than 3 percent on Tuesday to its highest level since late 2014, when it hit $ 71.34.  US benchmark WTI hit $ 65.63 a barrel, up 12 percent from the last settlement.

 

 

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Rising global oil prices amid tense tension in the Middle East

 

 

11th April, 2018

World oil prices rose on Wednesday, lift the big gains made in the previous session , while waiting for markets to escalate tensions in the Middle East after the European Organization for the Safety of Air warned (Eurocontrol) of possible air strikes in Syria within 72 hours.
Brent crude rose $ 71.09 a barrel at 0104 GMT, up 7 percent from its last close. Brent climbed more than 3 percent on Tuesday to its highest level since late 2014, when it hit $ 71.34. 

US benchmark WTI hit $ 65.63 a barrel, up 12 percent from the last settlement. 

The United States and other Western powers are considering military action to punish Syrian President Bashar al-Assad for what is believed to be a poison gas attack on Saturday in the opposition city of Duma. 

Eurocontrol called on airlines to be cautious in the eastern Mediterranean for the possibility of air strikes in Syria within three days, warning that wireless navigation devices could be interrupted intermittently.

[DinarThug]

LINK

Saudi Arabia is concerned about the future supply of oil resources

 

 

11th April, 2018
Confirmed Energy and Industry and Mineral Resources , Saudi Minister Khaled Al - Faleh, on Wednesday, that future supplies for a number of energy sources is not reassuring , especially crude oil situation. 

In an address to the World Energy Forum in New Delhi, Al-Falih said investments in the oil sector were not keeping pace with global demand for fuel.

 

He said he was reassured by the continued presence of about 25 oil-producing countries in their commitment to maintain the stability of the crude market.

[DinarThug]

LINK

Iraq, its location and its effects in the regional arena

 

 

11th April, 2018
Researcher and Islamic thinker d. Mr. Mohammed Gharifi on the geographical structure and regional location enjoyed by Iraq in the decision-making and its impact on the crises that occur in the region, said Gharifi:

Iraq's geopolitical situation has made it an influential country on the regional scene, and sometimes a maker of crises and instability in the region. For the following reasons:

1 - The Arab identity dominant over the Iraqi people imposed on him to be an influential element in the League of Arab States and influenced in the direction and decisions fateful and not unique in its fateful decisions. Therefore, the decision of the Iraq war on the Islamic Republic was made by the Arab countries to stop the Islamic revolution.

2. In contrast, the Shiite belief that the majority of the Iraqi people are forced to be part of the Shiite crescent, or what is known today as a resistance and resistance axis to support its brothers in Syria, Lebanon, Bahrain and Yemen of Saudi and Israeli conspiracies.

3. The diverse demographic composition of the Iraqi people, Arabs, Kurds and Turkmens, who in turn are divided into Shiites, Sunnis, Christians, Sabians and Isidis ... has made Iraq a small society and capital of the entire region, because internal conflicts within the Iraqi people affect the entire region. Stability of the region.

4 - Iraq is located between four cultures, from the Persian culture to the Persian, from the north secular Ottoman culture, from the West French Arab culture, and from the South Bedouin Wahhabi culture. Therefore, Iraq plays the role of a link between these cultures, which is the bridge between the Shiites and Sunnis, and between Arabs and Persians and Turk, and between extremism and religious openness, and no other country can perform this task other than Iraq. It can play the role of the cultural capital of the region.

5 - from the economic side in addition to the fact that Iraq is rich in oil reserves and agricultural land and fresh water, but it is an important crossing for gas pipelines from Iran and Qatar to the European continent, as well as commercial goods from Turkey and the Levant to the Gulf and vice versa.

6 - Iraq has the oldest Islamic University in the Islamic world to teach Sharia, the estate of Najaf, which is now 1000 years old, including students and scientists from all countries of the region, is a source of radiation and guidance to the Islamic world.

7 - Iraq has a variety of sources of tourism of the effects and nature and the holy shrines of the imams of the people of the House peace be upon them, which attracts millions annually from outside Iraq, especially in the Shaaban visit, which exceeded the number of pilgrims to the House of God ten times.

Conclusion: Iraq's position in the regional arena is considered a bridge between contemporary Islamic cultures and a pivot to resolving regional differences and an economic, cultural and political link to the countries of the region. The region does not settle unless the internal Iraqi situation stabilizes.

[NEPatriotsFan1]

18 minutes ago, DinarThug said:

 

Brent crude rose $ 71.09 a barrel at 0104 GMT, up 7 percent from its last close. 

Doesn’t A.M feel we needed to be over $60 a barrel to see any significant RV?  So we got a good price per barrel we just need that HCL!!! 

 

For the Love of God..... alright already! 

 

Even Frank26 has no longer got anything to do on his check list..... he said all he is doing is......

 

Drumroll please.......

 

Waiting! ⏱ 🤨

 

Isn’t that what we’ve all been doing for 10 plus years!!!? 

 

 

[Rmc10]

10 minutes ago, NEPatriotsFan1 said:

Doesn’t A.M feel we needed to be over $60 a barrel to see any significant RV?  So we got a good price per barrel we just need that HCL!!! 

 

For the Love of God..... alright already! 

 

Even Frank26 has no longer got anything to do on his check list..... he said all he is doing is......

 

Drumroll please.......

 

Waiting! ⏱ 🤨

 

Isn’t that what we’ve all been doing for 10 plus years!!!? 

 

 

 

Someone on here said recently that they personally think the HCL is 2/3rds of the way completed. Just waiting for the oil council/ministry???? to be created... if so it's progress.... slooooowww progress but progress non the less. 

Edited April 11, 2018 by Rmc10

[Rmc10]

.....and don't quote me on the oil council because I read it a few days ago and the main thing that stuck out to me was "2/3rds of the way done" and we are most likely waiting for the 1/3rd whatever that may be and it's 3 AM... 😁

[DinarThug]

LINK

Deputy: Most of the laws will go to the next session of the deputies concern campaign

 

 

11th April, 2018
MP on the coalition of state law, Mansour al-Baiji, on Wednesday, that most of the controversial laws will go to the next session because of lack of political consensus and the difficulty of holding a full session of the quorum inside the parliament because of the concern of deputies to the next election campaign.

Al-Bayji said in a statement received "Al-Ghad Press" a copy of it, "Most of the laws of the dead there is a political dispute between the political blocs did not reach an agreement on them during the last period, how to be voted on and there is no agreement by all. 

He explained that "during the previous two sessions became almost known that the laws that have not been passed and there is a political dispute postponed throughout the life of the parliamentary session and then go to the next session and this is the case as a result of the so-called government of partnership or political consensus that brought us to what we are.

Al-Baiji pointed out that "any controversial law is not agreed upon to arbitrate within the House of Representatives and there are a number of laws,

such as the suspension of the oil and gas law and the Federal Court and the Federal Service Council and others there is objection to it has not passed and that talk about passing controversial laws during the remainder of the life of the House of Representatives A media talk to the Presidency, being well aware that it is impossible to pass controversial laws without political consensus on them. "

 

Edited April 11, 2018 by DinarThug

[10 YEARS LATER]

Kicking the can down the road yet again - never saw THIS coming did we ? ! ! 

 

They ought to change their teasers to — “ In the coming YEARS “ or “ In the far flung future “  or “ Soon ? Don’t bet on it “ Now we have -   “ suitable environment “  - This one is so open ended and noncommittal it doesn’t even warrant asking “ When is that ?”

 

I would like to believe it will be this year for the RV, however, in their eyes what constitutes the “ suitable environment ?”  

[3n1]

something just isnt adding up unless its strictly for green zone residents....heres a pic from march 16 2018 of the baghdad mall

 

 

[Goggles]

On 4/9/2018 at 1:00 PM, DinarThug said:

And ask interested in the economic issue of the repercussions of the National Oil Company, which approved the law in the past on oil licensing contracts, and will provide guarantees to save oil from the pests of corruption, and answer member of the Committee on oil and energy parliamentary Mazen Mazni for that, saying: "The National Oil Company needs to Approved by the Council of Ministers to start work and there is special coordination regarding these contracts with the oil company. "

"It is too early to talk about a company that has not yet started its work," he said.

The House of Representatives, voted on the fifth of last March, the draft law of the National Oil Company, which was approved by the President of Salmjhp Fouad Masum on March 25, and promised by the Ministry of Oil a decision to develop a history of investment. 

Would you look at that!  Is it just me?... or does that last paragraph make it sound like it was approved in March.     

 

I'm just trying to point this out because there was another big article that seemed to make the same suggestion. 

 

 

[3n1]

yes the national oil company was approved in march yota and others posted a bunch of articles about it happening , its not to be confused with the oil n gas law ( hcl ) though, the national oil company was to give the citizens like 50 bucks a year or something best i remember imo the hydrocarbon law is what the citizens are awaiting and is what they continue to stall for years , the goi used the excuse the consensus was not complete to know how much each providence would receive and i bet knowing the leaderships past /current history many falsified the numbers to receive more money , go figure it's like the whole country is corrupt ( sarcasm )  the national oil company was solid progress ,cheers dv

[keylime]

4 hours ago, 3n1 said:

something just isnt adding up unless its strictly for green zone residents....heres a pic from march 16 2018 of the baghdad mall

 

 

Oh. This is Bagdad Florida!!!!

Bagdad Florida had its start in 1840 when a settler established a sawmill there.^[3] The community was named after Baghdad, Iraq.^[4] A post office called Bagdad has been in operation since 1887.^[5]

[ChuckFinley]

18 minutes ago, 3n1 said:

yes the national oil company was approved in march yota and others posted a bunch of articles about it happening , its not to be confused with the oil n gas law ( hcl ) though, the national oil company was to give the citizens like 50 bucks a year or something best i remember imo the hydrocarbon law is what the citizens are awaiting and is what they continue to stall for years , the goi used the excuse the consensus was not complete to know how much each providence would receive and i bet knowing the leaderships past /current history many falsified the numbers to receive more money , go figure it's like the whole country is corrupt ( sarcasm )  the national oil company was solid progress ,cheers dv

Thanks 3n1. I wish they would start utilize this company to it max. 

[DinarThug]

18 hours ago, DinarThug said:

Saudi Arabia secretly targeting $80 oil

Date: 2018/04/10 - 5:59 PM

 

 

WAAR-DUHOK:

Saudi Arabia is likely targeting oil prices at $80 a barrel to boost the valuation of its oil giant Aramco ahead of its much-hyped IPO and to help finance increasingly ambitious domestic policy plans, Bloomberg reported on Tuesday, citing people who have spoken to Saudi officials.

Although Saudi officials have been careful not to point to a specific oil price target in private discussions over the past month, “the inescapable conclusion from the conversations was that Riyadh is aiming for $80,” according to the people who spoke to Bloomberg on the condition of anonymity.

A couple of months ago, Saudi Arabia was reportedly targeting oil at $70, but that was before Riyadh admitted that Aramco’s initial public offering could take place in 2019, instead of in the second half of 2018, as it has been planned for years.

In an interview with Time magazine last week, Saudi Crown Prince Mohammed bin Salman—the proponent of the Saudi economic overhaul to diversify from oil—for the first time linked oil prices with the Aramco IPO.

link

 

Saudi Arabia’s $80 Oil Target Could Backfire

By Tsvetana Paraskova - Apr 11, 2018, 6:00 PM CDT

Although OPEC and allies have never officially targeted any specific price of oil with the production cut agreement, each member of the pact knows very well where they want oil prices to be in order to balance their budgets that have been stretched thin in the price plunge.
OPEC’s largest producer and de facto leader—Saudi Arabia—is the most closely watched oil nation for hints about an unofficial oil price target, and speculation has been ripe since the start of the deal in January 2017 as to what price the Kingdom is aiming for.

For months, Saudi Arabia has been said to aim for oil at $70 a barrel, but now new hints and reports suggest that Riyadh is likely shooting for oil at $80—to help finance increasingly ambitious domestic policy plans and to boost the valuation of its oil giant Aramco ahead of its much-hyped IPO.

If this unofficial oil price target were reached, however, it could backfire spectacularly on both sides of the oil-market-balance equation—supply and demand.

$80 oil would trigger an even bigger U.S. crude oil production surge that could unravel OPEC’s efforts at eliminating the glut. Oil at $80 could also slow down global oil demand growth, undermining one of the cartel and friends’ key assumptions: that robust demand growth will absorb the non-OPEC supply and that demand growth will continue to be strong going forward. Last year, oil demand growth surprised a bit on the upside, helping bloated inventories to draw down significantly.  

Yet, targeting $80 oil—if we assume that Saudi Arabia is doing that—has its economic reasons. According to RBC Capital Markets, OPEC’s producers need oil even higher—at an average of $88 a barrel—to balance their public spending this year, Bloomberg Gadfly’s Liam Denning writes. Related: Permian Bottleneck Could Impact Global Oil Markets

For Saudi Arabia, the price of oil needed to balance the 2018 public spending is $83 a barrel.The OPEC member that needs the ‘lowest’ price of oil to balance this year’s expenditure is Iran, at $52 a barrel, according to data by RBC Capital Markets.

It comes as little surprise then that Saudi Arabia and Iran—apart from the tense regional archrivalry—are reportedly at odds over where to go next with the OPEC deal, and how high an oil price the cartel should target. Iran is reportedly suggesting that $60 oil is about right so as not to encourage U.S. shale (even more), while Saudi Arabia is in need of higher-than-$60 oil to balance budget spending and lift Aramco’s valuation to anywhere close to the US$2 trillion that officials have been targeting.  

It also comes as little surprise that the latest hint that the Saudis are likely targeting $80 oil is not universally shared among all OPEC members, according to Bloombergsources who relayed the Saudi ambition for said target. Some nations have privately expressed concern that such a price would be too comfortable for U.S. shale.

It may very well be. At Brent above $60 and WTI at a $3-4 a barrel discount, U.S. crude oil production has exceeded 10 million bpd in each of the weeks in February and March, EIA datashows. The Permian continues to boom, and even in case of takeaway capacity constraints—which have led to around $11 a barrel discount of Midland, Texas, oil to Brent—Permian producers would pump at profit if Brent were to rise (and stay) at $80, Bloomberg’s Denning argues.

[Floridian]

2 hours ago, keylime said:

Oh. This is Bagdad Florida!!!!

Bagdad Florida had its start in 1840 when a settler established a sawmill there.^[3] The community was named after Baghdad, Iraq.^[4] A post office called Bagdad has been in operation since 1887.^[5]

 

I never heard of Baghdad, Florida.  I'll have to look it up.  LOL

[Floridian]

Well, here it is!  You would think the guy who named it would have spelled it correctly. LOL LOL

It's about 22 miles from Pensacola.

 

 

Bagdad

 

 

Elevation: 13′

Population: 1,490 (2000)

Area: 4.2 mi² (3.5 mi² Land / 448 acres Water)

Area code(s): 850

 

 

Edited April 12, 2018 by Floridian

[DinarThug]

3 hours ago, Floridian said:

I never heard of Baghdad, Florida.  I'll have to look it up.  LOL

 

The Other Baghdad Is In The Middle East And Is Completely Full Of Shiite’s !  

 

     

 

[DinarThug]

LINK

Oil markets are concerned about the Middle East crisis

 

 

12th April,2018

Oil markets remained tense on Thursday amid fears of a military escalation in Syria, although prices remained below Wednesday's highest level, the highest since late 2014, as the abundance of US supplies has weighed on the market

Traders say trade disputes between the United States and China have kept the market anxious

By 0536 GMT, global crude oil futures were up $ 72.14 a barrel, up 8 cents, or 0.1 percent, from the previous close

US West Texas Intermediate crude futures rose to $ 67.03 a barrel, up 21 cents, or 0.3 percent, from the previous settlement price

In China, Shanghai crude futures also rose 8.9 yuan to 427.1 yuan ($ 68.03) a barrel, up 2.1 percent, on record volumes for contracts launched in late March

Brent crude and West Texas Intermediate crude hit their highest levels since late 2014 at $ 73.09 and $ 67.45 a barrel on Wednesday, after Saudi Arabia said it had intercepted rockets over Riyadh and US President Donald Trump warned Russia of imminent military action in Syria

Current fears of a prolonged trade dispute between the United States and China have also kept the market anxious

Despite market tension, supplies remain plentiful, especially in the United States

US oil inventories rose 3.3 million barrels to 428.64 million barrels

At the same time, the US crude oil production last week reached a new record of 10.53 million barrels per day, up by a quarter compared to the level in mid-2016

[10 YEARS LATER]

12 hours ago, DinarThug said:

 

The Other Baghdad Is In The Middle East And Is Completely Full Of Shiite’s !  

 

     

 

 

Dang if that ain’t the MOST ACCURATE map of the M.E. EVER. 

[stangernan]

On 4/9/2018 at 10:39 AM, King Bean said:

 

  OK, Mustafa, call IKEA and tell them they forgot to send the f#@*&+ RV wrench.  

                               

I found one of these wrenches on my dog walk today (and a penny)   Maybe I hold the key to the RV

[DinarThug]

Adnan al-Janabi: The law of the National Oil Company - a step to get rid of the disadvantages of the state rent

 

BY 

ADNAN AL JANABI 

- POSTED ON 11/04/2018

Perhaps Karl Marx was the first to draw attention to what he called "capitalist rent." It was intended as an economic-social phenomenon, through which a non-productive capitalist class was described and its income derived not from the production of goods and goods but through the possession of rents, such as land and leased properties, and even stocks and bonds. In sociology, expression is used to infer non-productive parasitic layers.

According to our knowledge, the first link between the concept of rent in the state under the name Rentier State is Hussein Mahdavi in his research entitled "Pattern and problems of economic development in the rentier countries - the case of Iran", published in 1970.

And the person of Mahdavi nature of the state rent in that it is the state that depends primarily on the income of rent comes from the raw material (oil). The state in this case depends on a permanent income from abroad. This situation is reflected in the developing oil countries, where the local economy has little to do with oil production or manufacturing.

To continue reading please download a simple PDF printable file. Click the link below

Adnan Al-Janabi - Law of the National Oil Company and salvation from the rent-free state

 

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National Oil Company *: Adnan Al-Janab Law is a step to get rid of the disadvantages of the state rent
 
 
Perhaps Karl Marx was the first to draw attention to what he called "capitalist capitalism". It was intended as an economic-social phenomenon, through which a non-economically productive capitalist class can be described. It can not be derived from the production of goods and goods but through the possession of sources of rent, such as land, leased land and even stocks and bonds. In sociology, expression is used to infer non-productive parasitic layers.
 
Rentier According to our knowledge, the first link between the concept of rent in the state under the name of the state state is Hussein Mahdavi in his research entitled "Pattern and problems of economic development in the rent states.
 
 P. Mahdavi nature of the state rent in that it is a state that depends primarily on the income of rent and the rye comes from raw material (oil). The state in this case depends on a permanent income from abroad. This situation is reflected in the developing oil countries, where the local economy has little to do with oil production or manufacturing.
 
One of the characteristics of the rentier state in Hussein Mahdavi is the tendency to exaggerate the size of the state, the size of the security forces, armed forces and the tendency to dictatorship.

Hazem Belawi developed this concept and identified four main characteristics of rentier countries in the Arab world:
 
1. - Rental income is the prevailing income in the economy. 

2. So that the local economy does not need a strong production sector, Labor Force The labor force in achieving rents constitutes a small percentage of the total. The state (the government) is the main recipient of external rent Which makes it, and the attributes inherent to the rentier state that the state is the main operator of the people of the bureaucracy bloated and incompetent. In such circumstances, an active civil society is difficult to emerge. There is therefore no motivation for evolution towards democracies. The representative democracy (one maturely mature and representative democracy) is not present today in countries where Western democracies have been established, and ideal democracy is not yet attainable, and some democracies do not accept the exclusion of important groups, such as women or minorities, from the state Participation in managing some rights and privileges
 
Arab and Arab empires, and even the feudal dictatorships in the Middle Ages, but Islamic, there was a kind of coexistence between the ruler and the ruled. The ruler needs to accept the taxpayer to pay abroad, royalty, or tax, so that he can spend on the administration of the state and its armies and services.
 
Dictatorship inherent to the rentier state Mexico and Venezuela are among the oldest oil states since the late 19th century. She played. In fueling the tendency towards dictatorship in each of them is important for the role of oil revenues from abroad . However, rent income from abroad has not dominated the Mexican economy. In this country, we see that the fluctuation between democracy and dictatorship coincides with the increase or decrease in the share of oil in the rental income, which remained for the fluctuations of production during the last century. Mexico, on the other hand, has become a dictator. The Venezuelan economy, dominated by the country's inflation and its inevitable corruption, has been forced by OPEC's founding architect Pablo Perez Alfonso to say, "Oil will bring oil and water." Thus, today Venezuela is one of the most Latin American countries that is lagging behind its enormous wealth. Share of petroleum in the exports of some developing countries

In the Third World oil countries, when foreign rent enters the pocket of the governor of a poor country in For something, the ruler tends to draw people into the bank after he has left much to be desired. Domestic agricultural and industrial production is being hampered to ease the hunger of the consumer society. It is not The ruler's interest in the emergence of industrial and ministerial strata of independent influence becomes his rival. The rentee state tends to follow the distorted socialist pattern (state capitalism) and constructs imaginary or non-existent projects that are not available in all rent countries. And economic feasibility. Examples are the corrupt model of failed government investment. When looking at the classification of countries according to their dependence on the returns from oil exports, we note that the oil-exporting developing countries are divided into two parts. The rent income from abroad leads to the governor's reliance on money to liquidate his middle-class rivals and make the country empty. And are dependent on state subsidy subsidies other than subsidized internally active or industrial button
 
One of the most obvious conclusions in the classification is that oil-dependent countries tend to be failing as a model for development, despite the rise, without exception, to keep away from their low foreign exchange earnings. Economists in the past believed that the lack of foreign currency was one of the most important factors of economic backwardness in the third world, but the experience of the second half of the century in the twentieth proved that the state that owns the largest share of foreign exchange is the most failure to development. Successful development models such as Malaysia, Singapore and Hong Kong (and even Dubai) did not initially rely on domestic foreign exchange (hard). China and India have been introduced as a driving force for development and development of FDI as a successful development model.
 
  Economic backwardness, unemployment and lack of stability, all of which are oil-producing countries. They also tend to dictatorship, sometimes And tends to corruption and inefficiency in the establishment of a successful development model, the rent-out state loses the degree of monopolistic management of the economy based on oil revenues, which is the state capitalism. The ruler can rule the judgment through two tools that are available to him from the external rent that the heaven has given him:
 
- Expansion in the security and military (repressive) agencies to operate people on the one hand and suppress the opposition on the other hand. 

- Receivables and loyalties are given by giving and responding to popular discontent by increasing wages, salaries and extending donations (retirement, allowances for martyrs, poor aid, donations to tribal sheikhs, politicians, even civil servants).
 
And when it slips along with the failed development model, the ruler to such degree of authoritarian domination. A syndrome that is not easily broken: external rent income that tempts the ruler to the absence of economic and human development that prevents, and prevents the development of a successful model, the condemned has to expand the repressive apparatus. From the defense of the homeland, the geos are transformed into internal repressive instruments and repeated by lethal externalities. This is what the Shah Baer did to tools for running adventurous and sometimes the nascent national state in the Islamic Republic of Iran. This is what Gaddafi did, and this was Saddam Hussein's way.
 
Comprehensive Base Income In theory, the following patterns can be diagnosed for the distribution of petroleum wealth:
 
1. Through the principle of universal conversion of all petroleum imports (oil and gas) to all citizens equally.

2- Distribute a varying percentage of oil revenues directly to citizens and allocate the remaining amount to the federal government, regions and governorates. 

3. Dividends of the Fund On the balance sheet, a percentage of the income of Sadiq Investment Fund shall be allocated equally to citizens. - All the revenues allocated to the federal government and provincial and governorate governments as currently underway.
 
Abe is a failed pattern that causes all the disadvantages of a dictatorial rent state and corruption is clearly a pattern and a lack of justice in distribution. The third pattern is a long-term pattern that varies according to the rise and fall of investment returns, as occurred in Alaska following the financial crisis, when it fell to about eight hundred per capita per year from more than $ 4,000. In years. And its returns are limited to the first size of the investment fund is small
 
  Oil revenues must allocate all revenues and their economy, which is fully approved, in the circumstances of the country directly to citizens. Public Treasury revenues from non-oil resources are limited and can not be relied upon in the foreseeable future to govern the affairs of central and local governments.
 
However, the Constitution does not preclude the imposition of a federal or local penalty on citizens and their income from oil revenues in particular, with appropriate legislation. Such legislation may impose a fixed-rate tax on a permanent basis, or allow legislation to set rates that change in each budget and then be reconsidered. For the federal government or the governments of the regions and governorates, as required annually that the conversion of all oil revenues to the federal government makes the discussion of the annual budget is a struggle between the local and private interests and populist populace, to add burdens on the budget, causing the amplification and increase deficit.

And the struggle to divide rents for these reasons is a phenomenon that is repeated in all rent countries, especially those bus platforms struggling, such as the Council of Representatives and the Legislative Council of the province and provincial councils.
 
We will have to impose even if we reverse the equation and make the income and the accounting of the executive authorities, the populace to limit the tax volume, a tax on them will be reversed to reduce waste and reduce spending. Which is a true case and a great achievement in the transformation of the rentee state to the state of collection. It is the greatest salvation.
 
(In the Universal Basic Income design), the comprehensive basic income tool is comprehensive and comprehensive. There are those who believe that payments must be sufficient to meet basic needs so that those who receive them will be relieved of the need to work to provide decent living. There are those who advocate inclusion of adults only. Some mechanisms consider payments to be monthly and equal.
 
Systems also vary in the way they are financed, although they replace existing services or are financed in a manner that involves the financing of rich communities in addition to services and material support. New, such as this program, poor communities find it difficult to provide the money needed for a comprehensive, minimalist program that addresses extreme poverty.
 
Salvation from the rentier state, and the tyranny of dictatorship, corruption and economic ruin, can only be done by turning the heart of the equation from its foundation. The contract - the rent equation and the social contract on which the social structure of the producing countries and the countries of collection is that the ruler is governed by a mandate of the people, is based on that the governed agrees to pay the guarantor provided that the governor provides security and services. The contract Social welfare in the state rent, and the ruling that the ruler owns the country and the people, and favors the governed by the sponsorship and bribes against Scott sentenced to the practices of the ruling owner. If the condemned person protested, it is only his deprivation. Displacement, imprisonment and sometimes murder
 
The heart of the rent equation does not require the cancellation of oil and gas resources, but the transformation of wealth into the people. As stated in the Constitution of the Republic of the Uranium: "Oil and gas is the property of all the people of the East." (111) The article states that all the regions and governorates are equal to each other. And then taxed by the State Treasury.
 
 Of the Constitution.  None of the legislations issued since the Constitution's promulgators have succeeded in implementing the article (despite the frequent calls to distribute a portion of the oil revenues directly to the citizens).
 
The National Oil Company (NOC) increased its attempts to re-establish the independence of the national oil company after it entered the oil industry during the interim government and was delayed in 2004. The first attempt in this direction was in 1987 because of the dispute over the degree of independence of the company from the oil crisis.
 
  2012 The second serious attempt was made by law but was paired up by the Oil and Energy Commission so far. Which was not mentioned, was delayed due to disagreement over the oil and gas law
 
A law for the company owned by all the people The former oil minister, Adel Abdul Mahdi, worked on the preparation of the project for the passage of oil. However, this project and the company is independent of the balance of shares, equal to its end due to the resignation of the Minister of Oil.

The Revolutionary Command Council, which passed a law based on the abolition of a decision to abolish the Petroleum Law and return to its founding law No. 67 of 1963. The company took into account the development of a more detailed project, Minister of Oil, Minister of Petroleum Industry and the requirements of the future oil sector. The National Oil Company Law on Oil Developed by the Committee of Oil and Energy in cooperation with W3018 / 3/5 and its legislation in the current form, which was voted on on
 
  Of the controversy over the articles of the law as it stands at the time of voting in the House of Representatives, the majority of the contracts entered into by the company or the "company by virtue of the provisions of the provisions relating to the provision of the matter relating to the atmosphere and modify it to ensure the interest of the people of the earth." As was an attempt by the deputies of Basra to make it the headquarters of the company's center did not agree the majority of members of the House of Representatives to do so.
 
Law. After the law was passed a lot of news
 
(Article 13 of the Law), Article 13 stipulates that the profits of the company for several parties shall be equal to one third of the law of the Iraqi Oil Company. Thirdly, through the budget, 90 of them shall be imposed by the State Treasury. Share of the company's profits do not exceed the federal.
 
100% Of profits. But One suggestion was to allow the Treasury to impose a tax of up to 90% of profits Commission on Oil and Energy considered that the state treasury share is not allowed to exceed to allow the opening of the space for the following windows :

Turn the balance of the state rent to the state of collection. The citizen will press to reduce his share of the government treasury.
 
 
- N 1 Fund of livestock. Its assets on the citizens who reside equally and in the Gaza Strip. It has a constitutional basis, which is a sovereign fund similar to all oil states, 3. Reconstruction fund, for strategic projects.
 
With the exception of the first account (Citizen's Fund), the law did not address the nature of such accounts and how they or special legislation. Management. Often this will be through the Council of Ministers (111), except that it reinstates the independence of the company, the most important thing in the law of the Constitution, to allow the distribution of a percentage of the profits of the company to citizens residing in the share by the shares does not provide the law that these shares are dead and fall upon death. And not equal to shareholdings or shareholdings, but cash dividends distributed under a system to be prepared by the Board of Directors of the Company.
 
The law prohibits citizens residing in the provinces and governorates where the oil revenues are not deposited from the profits of the company participating in the citizen fund.
 
This may prompt residents in the region to pressure the territorial government to hand over oil revenues to the center to participate in the citizen's account if the amounts distributed there merit attention. What amounts may be deposited in the Citizen's Fund?
 
 if the executive power succeeds in acquiring all of its permitted share (ie, the benefit is clear to the citizen But is expected to turn the rest does not constitute an amount wrestling in the Council of 2019 deputies when discussing a public budget to increase the share of the citizen fund. The whole point of (90%), With a simple calculation, the company's profits can be increased by selling crude oil to domestic refineries at the global price, with a small amount to be deducted from the 2006 refinery investment law. This adds about a tenth of its delivery free of charge and its amendments instead of trillions of dinars at current prices to the profits of the company, thereby adjusting the prices of petroleum products that do not benefit the poor.
 
It is also necessary to transfer electricity to self-financing through comprehensive collection. In addition to the allocations of the ration card, which is plagued by corruption.
 
 On this basis it is possible to reduce the share of the treasury to less than, the company's profits affect the share of salaries and some sovereign liabilities.
 
250 Thousand dinars  It is possible through increased production to be a monthly share of the citizen about 50 .  And for the family, what is worth a thousand dinars, which is above the poverty line,
 
The company's profits increase by increasing production and reducing costs. The calculations that contributed to its schedule led the citizen to ignore the fact that the share of the Citizen Fund would be limited to some researchers in reducing the tax on his share and the desire of the executive authority to acquire all the oil revenues. To transform the state of rent into a state, and here lies the unprecedented achievement in the rentier countries) of the Constitution. To the extent that the citizen is keen to maximize his share, 111 tax collection and activation of the article The state rent to a state based on the social contract to the acceptance of the citizen to waive part of his share if the state fulfilled the provision of services and safety.
 
Many experts also objected that the oil revenues go to the company and then impose them on the constitution, since oil is a tax under the budget. They considered this to be contrary to article (and the gas belongs to the people of the East and not to the company.
 
 : After or after the application of the title, the ownership of the people is represented by the Council of Ministers. Currently, the company is wholly owned by the State. The Bank, which is subordinate to the Council of Ministers, is the law that makes the company represent the people without supervision, retains the people's reserves and manages the cash, which represents the people in the Central Administration directly, and is linked to the House of Representatives. This is not a violation of the Constitution.
 
  Since the middle of the last century, the notion of natural permanent sovereignty over the United Nations cartel and the International Court of Justice in The Hague has been settled. Therefore, the resources of oil reserves in the ground are the property of that State within its sovereignty on its international borders.
 
(Although the P.S.C. and the production participation contracts do not diminish the permanent sovereignty of the people and the State), the invested companies record in their budgets their share of the proceeds expected from future production.
 
This is controversial. As most of the news in the company's connection to the Cabinet has raised some national or foreign problems) and between the representative of the State sovereignty, the separation of operators (companies see necessity and responsible for regulating the oil and gas sector).
 
It can not be said that any law of my status is absolutely complete. Much of what has been raised about the law by their leaders is wrong. The legislators of the oil company law have worked hard and can not be all people with weight and patriotism. They thank them very much for their diligence in legislating the most important law to reorganize the most important sector in the economy. The National Oil Company Law No. (1987) amended the law of the National Oil Company No. (1987) before the company joined the oil refinery in 1983. It is possible to amend the current law in the light of practical application.
 
 (*) Chairman of the former Oil and Energy Committee, Chairman of the Center for Research and Academic Studies (creator), member of the House of Representatives
 
 
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