Parliamentary energy is discussing with the ministry the resolution of the oil and gas laws

[Wiljor]

47 minutes ago, nannab said:

Good morning Wiljor   

 

nannab, a pleasant day out to you 

[idplzr]

It’s bewildered to me that as much as AM has talked about HCL over the years that he has been so silent. Hasn’t even popped in since Friday. I hope all is well with him and his family. 

Edited March 6, 2018 by idplzr

[blueskyline]

Adam M. May be watching in some what of a reserved Awe with a slight numbness like us . Amazing happenings . GM DV's ............

[King Bean]

16 hours ago, nannab said:

Now finish it off Iraq by Sunday would be fine no pressure  

 

Why not Friday. There's a whole weekend of celebrating to be had. 

[blueskyline]

Upon second thought . He may be ramping up our opportunities .

[nannab]

7 minutes ago, King Bean said:

 

Why not Friday. There's a whole weekend of celebrating to be had. 

 

Could we wait until Sat because there is another Nor'Easter coming in Thurs/Fri 9-12" snow this

time. Need time to shovel out a path. 

[6ly410]

Wow I am excited we are so close!!  GOO RVVV

Edited March 6, 2018 by 6ly410

[jcfrag]

40 minutes ago, idplzr said:

It’s bewildered to me that as much as AM has talked about HCL over the years that he has been so silent. Hasn’t even popped in since Friday. I hope all is well with him and his family. 

Agreed Idplzr, very bewildering indeed! Maybe he is checking and double checking all systems are ready for launch! Still will be happy to hear his take on all of this most recent news. Hopefully all is well and he will make some comments and answer some questions on Wednesday! 

Edited March 6, 2018 by jcfrag

[magawatt]

So where can I pickup a couple pounds of prime rib from free range beef?

[Artitech]

28 minutes ago, magawatt said:

So where can I pickup a couple pounds of prime rib from free range beef?

P. M. me !!! It come right from my herd off the Chisholm Trail !! yep HEEEEEEE!!!

[MyLadiesDaddy]

3 hours ago, idplzr said:

It’s bewildered to me that as much as AM has talked about HCL over the years that he has been so silent. Hasn’t even popped in since Friday. I hope all is well with him and his family. 

Mr A  is just fine. He saw how well I could handle the pink mop, so I tossed him my bottle of rum and told him to go hop on the Pirates of the Caribbean ride. Ya'll shipmates better behave or I'll have you'ns walking the plank.

[yota691]

Law of the National Oil Company .. A new era for the development of the economy

07/3/2018 12:00 am  BAGHDAD (Reuters) -   The House of Representatives voted Monday on a draft law of the National Oil Company, which will contribute to the development of the Iraqi oil industry, which aims to establish an Iraqi national oil company and enable it to carry out its work in the best way possible. National wealth said the academic economist d. Majid al-Baydani said in an interview with Al-Sabah that "the approval of the law of the National Oil Company will be a new era for the oil industry in the country as it will encourage the adoption of advanced scientific and technological methods to manage the national wealth to support the development of the economy." "This will be an important shift in the development of extracting, marketing, transportation, storage and sales to the point of delivery and other oil operations," he said. The largest company Al-Baydani said that "the Iraqi National Oil Company will be the second largest oil company in the world after Aramco and the largest of all international oil companies, which calls for the President to have a degree of experience and efficiency appropriate, commensurate with the powers of the company and capital."  Article 2 of the law establishing the company consists of the capital of the company of (400) billion dinars paid by the government with the approval of the Council of Ministers and the company to increase its capital on the proposal of its Board of Directors and the approval of the Council of Ministers after the presentation of the economic feasibility study.  As stated in Article 5 of it "The Iraqi National Oil Company invests all the oil and gas areas in all the territory of the Republic of Iraq and its territorial waters and continental shelf, and may share with others the approval of the Council of Ministers if it finds it better to achieve its purposes and has the right to borrow from inside or outside Iraq to finance its investments inside Iraq   and outside. The development A member of the House of Representatives Hisham Suhail, in a press statement that "this law is very important to push the development of the energy sector in Iraq forward."  In turn, said the oil expert Hamza Jeweler: "The duty of this new company to manage the operations of extractive industry, and this will allow the Ministry of Oil to devote to the task of drawing strategies and plans to develop the energy sector in Iraq."  According to analysts, the move, which has been under way for years, revives a company originally established in the 1960s and then merged with the Oil Ministry in 1987. Four funds While the oil and energy parliamentary committee revealed the inclusion of the Iraqi National Oil Company A minimum of 10 percent is placed in four boxes with the first experience in the country, and one of the funds will give each Iraqi citizen residing within the country a share of that  percentage. On the other hand, oil prices rose in global markets during the trading on Tuesday, for the fifth session in a row, supported by strong expectations on demand and the possibilities of informal communication, which seeks OPEC with oil producers rock. Demand growth The International Energy Agency (IEA) expects oil demand to grow over the next five years, with estimates that the United States will cover 80 percent of world demand, while the Organization of Petroleum Exporting Countries (OPEC) will grow at a slower pace. US oil production hit a new high in November after recording 10.057 million barrels per day (bpd), surpassing the record high of 10.044 million bpd in 1970. OPEC oil ministers met with rock producers in the United States in Houston on Monday on the sidelines of the "Serawick" conference. May delivery Brent crude for May delivery rose more than 0.2 percent to $ 65.70 a barrel, and US crude futures for April delivery rose 0.3 percent to $ 62.76 a barrel. US crude hit yesterday's biggest daily gain since February 14.

[yota691]

Abadi: Law of the oil company allocated 10% of oil imports to citizens

19:57 - 06/03/2018

 

  

Information / Special ...

The Finance Committee announced on Tuesday that the law of the National Oil Company included allocations of 10% of oil imports in the form of bonds distributed to citizens and the implementation of the law after six months of its legislation.

"The law of the National Oil Company, which was voted by the House of Representatives within the benefits of the Iraqi people of oil and distributed to him in the form of shares," Committee member Zahir al-Abadi told the agency.

He added that "the law provides for the allocation of 10% of oil revenues distributed in the form of shares of citizens and 90% of the state treasury," adding that "the receipt of citizens of those funds be through bank accounts open to every citizen in government banks and fall after his death."

He pointed out that "one of the paragraphs of the law obliged the region to hand over the quantities of oil produced in the fields to the National Oil Company," asserting "deprive Kurdistan of those allocations in the event of the government of the Territory to deliver oil to the company."

He continued that "the paragraph of the distribution of imports in the law is implemented six months after the adoption of the law, as proved in one of his paragraphs."

The House of Representatives voted last Saturday on the law of the National Oil Company

[yota691]

 Oil for "Economy News": National Oil Company will be one of the major international oil companies

 

energy Economy News _ Baghdad The oil ministry announced on Wednesday that the National Oil Company will manage the mining, marketing and infrastructure development sectors, saying it will seek to eliminate bureaucracy. The spokesman for the ministry, Assem Jihad, told "Economy News" that the National Oil Company will be a national company seeking to develop the oil industry in Iraq as well as management of the sectors of extraction and marketing operations as well as the development of infrastructure.  He added that it will include Iraqi oil companies in addition to the Iraqi marketing company, pointing out that it will adopt competence and experience in the management of joints and seeks to eliminate bureaucracy and will be one of the largest international companies. Jihad pointed out that the ministry will take the role of "supervisor and plan and intervention is limited to the joints related to the public good." On the management of fields in the Kurdistan region, he stressed that "the law of the National Oil Company indicates that it is a national oil company responsible for all oil activity within the borders of Iraq, including the Kurdistan region," noting that the company the right to work outside Iraq to achieve the highest benefit and the lowest costs. He described the oil minister, earlier, the process of voting on the law as "historic decision, which aims to optimize investment for the management of national wealth and protection and development in accordance with programs and mechanisms developed by the honest effort and national administration." The House of Representatives voted last Monday on the National Oil Company's proposed law. Views 354   Date Added 03/07/2018

[danielchu]

Chu thinks this may have gone the way of that tv commerical where the cable box explodes and says a high pitched YEAH!!  LOL

Edited March 7, 2018 by danielchu

[yota691]

Deputy: The oil sector in Iraq will not become a national oil company and the ministry is the supervisor

140 views   |   1

Updated 08/03/2018 5:12 PM   Watan News) - Baghdad   A member of the Committee on Oil and Energy parliamentary Jamal Koger, on Thursday, that the oil sector will not be entirely at the disposal of the National Oil Company, while the ministry will be the first supervisor of the work of this company.   "The oil sector will not be entirely at the disposal of the National Oil Company," he said, adding that "the ministry will be the first supervisor of the work of this company."   "The director of the National Oil Company enjoys the privileges of the minister but can not act as the oil minister is acting," he said, noting that "the company's law requires a period of one month to pass all its needs and start work in it."   It is noteworthy that the House of Representatives voted during its previous meeting on the proposal of the law of the National Oil Company. Finished

[yota691]

Parliamentary power confirms the right of Abadi to challenge the law of the National Oil Company

19:17 - 08/03/2018

0

 

  

Information / Special ...

The Committee on Oil and Energy parliamentary, on Thursday, the eligibility of the Prime Minister to challenge the law of the National Oil Company on the paragraph to allocate 10% of oil imports to citizens, indicating that the appeal will restore the oil differences to the first box.

"The discussions on the law of the National Oil Company started from the previous session and continued throughout the current session because of the great differences on them," committee member Zahir al-Abadi told Al-Maaloumah.

He added that "the government has the right to appeal the law, especially on the paragraph to allocate 10% of oil imports to citizens," pointing out that "any government attempt to challenge the law will blow a lot of efforts and return the differences to zero."

He pointed out that "the 10% variable and depends on the volume of oil exports to Iraq every year."

The House of Representatives, voted last Monday on the law of the National Oil Company by a majority, which provided for the allocation of 10% of oil imports distributed in the form of bonds to citizens.

[yota691]

Missan calls on the Republic not to ratify the law of the National Oil Company

Thursday, March 8

 

 

The Council of the province of Maysan today the Presidency of the Republic not to ratify the law of the National Oil Company, which was approved by parliament last Monday.

The head of the oil committee in the province of Maysan Rahi Albzuni said in a press statement on Thursday that the Council sent a letter to the Presidency of the Republic called for not to ratify the law of the National Oil Company, explaining that the book included the call of the Presidency of the Republic not to ratify the law to marginalize the productive provinces, 112 of the Constitution. 

The House of Representatives voted last Monday on the proposal of the law of the National Oil Company. 

[idplzr]

How cute is that? The Minister of Oil doesn’t want to let go of power and money. Pathetic 

[ChuckFinley]

1 hour ago, idplzr said:

How cute is that? The Minister of Oil doesn’t want to let go of power and money. Pathetic 

Classic Iraq. 

[yota691]

Missan calls on the federal government not to ratify the law of the National Oil Company

10/03/2018

 

 (Independent) / Ali Qasim al-Kaabi / ..  The Council of Maysan province called on the federal government not to ratify the law of the National Oil Company.

The head of the energy committee for oil and gas in the province of Maysan, Rahi Albzuni that the reason for the call of the provincial council Maysan federal government not to ratify the law of the National Oil Company, which voted by the House of Representatives recently. Because of the objection, "in order to bypass Article 112 of the Constitution first and second and give only representation of the Territory in the Board of Directors of the company and the marginalization of oil-producing provinces,

He explained that "article" 112 "the  federal government and the region and the provinces produced one level management of oil and gas extracted from the existing fields and the federal government and the governments of the provinces and provinces producing together to draw strategic oil policies.

He pointed out that the House of Representatives gave the right to the region in the board of directors of the company without producing provinces, which is a right for generations in the provinces and bypass the Constitution.

The Council of the province of Maysan had earlier lifted a letter to the Presidency of the Republic in which he demanded not to ratify the law of the National Oil Company to marginalize the productive provinces and exceeded article 112 of the Constitution.

[yota691]

SECTION FIVE: POWERS OF THE REGIONS

CHAPTER ONE: REGIONS

Article 112:

The federal system in the Republic of Iraq is made up of a decentralized capital, regions and governorates, and local administrations.

Article 113:

First: This Constitution shall approbate the region of Kurdistan and its existing regional and federal authorities, at the time this constitution comes into force.

Second: This Constitution shall approbate new regions established in accordance with its provisions.

Article 114:

The Council of Representatives shall enact, in a period not to exceed six months from the date of its first session, a law that defines the executive procedures to form regions, by a simple majority.

Article 115:

One or more governorates shall have the right to organize into a region based on a request to be voted on in a referendum submitted in one of the following two methods:

A. A request by one-third of the council members of each governorate intending to form a region.

B. A request by one-tenth of the voters in each of the governorates intending to form a region.

Article 116:

The region shall adopt a constitution that defines the structure of the regional government, its authorities and the mechanisms of exercising these authorities provided that it does not contradict with this Constitution.

Article 117:

First: The regional authorities shall have the right to exercise executive, legislative, and judicial authority in accordance with this constitution, except for those powers stipulated in the exclusive powers of the federal government.

Second: In case of a contradiction between regional and national legislation in respect to a matter outside the exclusive powers of the federal government, the regional authority shall have the right to amend the application of the national legislation within that region.

Third: Regions and governorates shall be allocated an equitable share of the national revenues sufficient to discharge its responsibilities and duties, but having regard to its resources, needs and the percentage of its population.

Fourth: The regions and governorates shall establish offices in the embassies and diplomatic missions, in order to follow up cultural, social and developmental affairs.

Fifth: The Regional Government shall be responsible for all the administrative requirements of the region, particularly the establishment and organization of the internal security forces for the region such as police, security forces and guards of the region.

CHAPTER TWO: GOVERNORATES THAT ARE NOT INCORPORATED INTO A REGION

Article 118:

First: The governorates shall be made up of number of districts, sub-districts and villages.

Second: Governorates that are not incorporated in a region shall be granted broad administrative and financial authorities to enable it to manage its affairs in accordance with the principle of decentralized administration. This will be organized by law.

Third: The governor, who is elected by the Governorate Council, is the highest executive official in the governorate to practice his powers authorized by the council.

Fourth: A law shall regulate the election of the Governorate Council, the governor and their powers.

Fifth: The governorate council shall not be subject to the control or supervision of any ministry or any institution not linked to a ministry. The governorate council shall have an independent finance.

Article 119:

Powers exercised by the federal government can be delegated to the governorates or vice versa, with the consent of both governments and shall be regulated by law.

[yota691]

Why is parliament trying to pass two oil laws before the end of its current session? Updated 01/03/2018 11:46 AM BAGHDAD (Reuters) - The Iraqi parliament is to approve the establishment of a national oil company and the formulation of oil policies before the end of its current parliamentary session after the federal government was able to regain control of Kirkuk oil fields, which have been under the control of the Peshmerga forces for several years. Experts believe that the federal government's efforts to accelerate the establishment of the national oil company is due to cut the way for politicians in the Kurdistan Regional Government to regain control of oil in the northern fields, especially after the imposition of security and law in the province of Kirkuk. "The federal government sent the law of the National Oil Company to parliament," said Ibrahim Bahr al-Ulum, a member of the parliamentary oil and energy committee. "The sub-committee in the House of Representatives was able to complete the law as well as a law on oil policy. And then approve it so that the Parliament can approve it. " Bahr al-Ulum added that "the law of the National Oil Company will include under its misguided six oil companies, namely Basra oil, oil of the south and oil Maysan, Dhi Qar oil, Wasit oil and North oil as well as the marketing company oil (Sumo), the second law is to draw oil policies, Management of extractive industry in the country ". For his part, said the oil expert Hamza Jeweler that the pursuit of the adoption of the law of the National Company and the formulation of oil policy is to limit the management of oil and gas, however, the federal government, as indicated by the Constitution in one of its provisions that oil and gas belongs to all the Iraqi people and thus will make all the oil companies operating in the Kurdistan region Working under the federal government and thus the federal government was able to preserve the oil wealth from the dominance of influential politicians in the Kurdistan Regional Government. "The approval of the two laws before the end of the current parliamentary session will pave the way towards the passage of the law of oil and gas, which lasted 11 years and was not approved because these laws will go half way towards the adoption of the law the President is oil and gas." Iraq's oil production is about 5 million barrels, including 3.8 of the southern fields. / End / 8 /

 

[idplzr]

Onward HCL!!!

[coorslite21]

Excellent Yota......Thanks.......those 2 articles from yesterday posted above and this one today paint a pretty picture........enjoy your day my friend!!!!