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National Business Council: The need to turn national oil companies into a major operator

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29 minutes ago, ChuckFinley said:

Your right there. They can not even get a decent size camel dung with this exchange rate. 

 

“ 3 pieces of Charmin “ - What did I miss ? When did the IQD raise in Value ?  A guy has 1 Psychotic break ( in the last few months ) and look what happens ! ! ! 

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34 minutes ago, 10 YEARS LATER said:

 

“ 3 pieces of Charmin “ - What did I miss ? When did the IQD raise in Value ?  A guy has 1 Psychotic break ( in the last few months ) and look what happens ! ! ! 

If you missed it we all must have..

Edited by NoviceInvestor
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Tuesday 13 March

 

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Alsumaria News / Baghdad
demanded MP for the province of Basra , Adel Al - Mansouri gun, on Tuesday, the government deduct a quarter dollars from the export of oil per barrel and disbursed to the citizen, as called for legislative and regulatory authorities to put pressure on the government to do right and justice to the Iraqi citizen. 

Al-Mansouri said in a statement received by Alsumaria News that "the government to monitor the financial share of oil to the Iraqi citizen," noting that "per capita share for one month would be 787 thousand Iraqi dinars if the government cut a quarter of a dollar from each barrel source."

 

 


Al-Mansouri added that "the oil wealth is the right and the property of every Iraqi," strongly denouncing "the injustice of the Iraqi people by the government as Iraq isexporting daily more than 3 million and a half million barrels of oil worth 63 dollars per barrel, if we assume that the dollar exchange rate is 1200 Iraqi dinars, the equation for the calculation will be a monthly salary for every individual Iraqi 787, a right guaranteed by the law and the Constitution. 

Al-Mansouri called on the legislative and legislative bodies to "pressure the government to achieve the right and fairness of the Iraqi citizen who has suffered the woes since the regime was buried and thousands of martyrs and wounded in fighting terrorism since 2003 and so far." He pointed out that "the magnitude of the financial crisis is important, For a citizen of 63 dollars never hurt. "

Prices fell in June 2016 to reach in 2016 to less than $ 20 per barrel before resuming the rise again by the end of 2017 to reach more than 60 dollars a barrel.

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The parliamentary economy of / Mawazine News /: the coming days the date of passing the law of oil and gas

March 14, 2018

 
 
Economie

Since 2018-03-14 at 17:52 (Baghdad time)

65635536635356356563.jpg

Special – Mawazine News

 

A member of the Committee on Economy and Investment parliamentary, Harith al-Harithi, Wednesday, that the next few days will witness the vote on the laws of a very important, while noting that among these laws the law of oil and gas.

 

Al-Harithi told Mawazine News that “the next few days will witness the completion of all the laws that are stalled reading and voting to end this few remaining period of parliament by reading the largest number of laws.”

 

He explained that “the important laws that will be read are the law of oil and gas for its economic importance and the revenues of the state and how to deal with it, in addition to the laws of parties and social security and health professions and many laws will be read and voted to end.

 

It is noteworthy that there is a package of laws in the House of Representatives because of the differences of political blocs around them, and was deported to several parliamentary sessions. Ended 29/6 N

 

http://www.mawazin.net/%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF-%D8%A7%D9%84%D9%86%D9%8A%D8%A7%D8%A8%D9%8A%D8%A9-%D9%84%D9%85%D9%88%D8%A7%D8%B2%D9%8A%D9%86-%D9%86%D9%8A%D9%88%D8%B2-%D8%A7%D9%84%D8%A3%D9%8A%D8%A7%D9%85-%D8%A7%D9%84%D9%85%D9%82%D8%A8%D9%84%D8%A9-%D9%85%D9%88%D8%B9%D8%AF-%D8%AA%D9%85%D8%B1%D9%8A%D8%B1-%D9%82%D8%A7%D9%86%D9%88%D9%86-%D8%A7%D9%84%D9%86%D9%81%D8%B7-%D9%88%D8%A7%D9%84%D8%BA%D8%A7%D8%B2

 

 
 
Edited by Floridian
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On 2/23/2018 at 11:54 PM, sonjasdca said:

So Synopsis, what your are saying is that because we are pursuing life, liberty and happiness, we can't have it? I think we have earned it and deserve it!  

By saying this very statement shows how people have absolutely no clue on why the USA declared independence from Britain. Entitlement generation at its finest hour because after the clock strikes the second hour they will be broke and demand they get a universal income for not working to pay their bills.

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Floridian Thanks,  DV,   Excellent article please please let it be true.....😊😊

 

GO PARLIAMENT -  DO YOUR JOB FOR THE CITIZENS OF IRAQ & SHARE THE WEALTH NOW.....😊😊😊😊😊😊

 

GO OIL & GAS LAW

 

GO HCL

 

GO RV / RI

Edited by tigergorzow
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36 minutes ago, Highlanderdinar said:

PLEASE let it be so!!!!

 

I was surprised it said "the next few days".  That's a new one.  Hopefully, they mean it.

At least it doesn't say "in the coming days" or "soon."  :)

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14 minutes ago, Floridian said:

 

I was surprised it said "the next few days".  That's a new one.  Hopefully, they mean it.

At least it doesn't say "in the coming days" or "soon."  :)

 

Thanks Floridian.  I posted this on another thread earlier this week but it seems to be gaining more traction ....

 

True story: I was driving in another town from where I live this past Saturday. 

At the time I was thinking, "what needs to happen to make this happen?" 

The HCL immediately came to mind as the last and only step. 

But then, just as I was thinking this, I looked to my right and saw three block letters on top of a building: "HCL" (Canadian logistics company I've learned).

WOW, I thought. 

Then I slowly looked to my left. The first word I saw in large print on a billboard was, wait for it..... CASH 

Double WOW.

 

IT'S TIME TO DO YOUR DUTY, IRAQ. PASS THE HCL AND MAKE US THE HAPPY CAMPERS LEAVING IT ALL BEHIND!

 

 

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4 hours ago, Floridian said:

The parliamentary economy of / Mawazine News /: the coming days the date of passing the law of oil and gas

March 14, 2018

 
 
Economie

Since 2018-03-14 at 17:52 (Baghdad time)

65635536635356356563.jpg

Special – Mawazine News

 

A member of the Committee on Economy and Investment parliamentary, Harith al-Harithi, Wednesday, that the next few days will witness the vote on the laws of a very important, while noting that among these laws the law of oil and gas.

 

Al-Harithi told Mawazine News that “the next few days will witness the completion of all the laws that are stalled reading and voting to end this few remaining period of parliament by reading the largest number of laws.”

 

He explained that “the important laws that will be read are the law of oil and gas for its economic importance and the revenues of the state and how to deal with it, in addition to the laws of parties and social security and health professions and many laws will be read and voted to end.

 

It is noteworthy that there is a package of laws in the House of Representatives because of the differences of political blocs around them, and was deported to several parliamentary sessions. Ended 29/6 N

 

http://www.mawazin.net/%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF-%D8%A7%D9%84%D9%86%D9%8A%D8%A7%D8%A8%D9%8A%D8%A9-%D9%84%D9%85%D9%88%D8%A7%D8%B2%D9%8A%D9%86-%D9%86%D9%8A%D9%88%D8%B2-%D8%A7%D9%84%D8%A3%D9%8A%D8%A7%D9%85-%D8%A7%D9%84%D9%85%D9%82%D8%A8%D9%84%D8%A9-%D9%85%D9%88%D8%B9%D8%AF-%D8%AA%D9%85%D8%B1%D9%8A%D8%B1-%D9%82%D8%A7%D9%86%D9%88%D9%86-%D8%A7%D9%84%D9%86%D9%81%D8%B7-%D9%88%D8%A7%D9%84%D8%BA%D8%A7%D8%B2

 

 
 

 

I have seen this song in a different hymnal...... hope this time it is the right tune.

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4 hours ago, Floridian said:

The parliamentary economy of / Mawazine News /: the coming days the date of passing the law of oil and gas

March 14, 2018

 
 
Economie

Since 2018-03-14 at 17:52 (Baghdad time)

65635536635356356563.jpg

Special – Mawazine News

 

A member of the Committee on Economy and Investment parliamentary, Harith al-Harithi, Wednesday, that the next few days will witness the vote on the laws of a very important, while noting that among these laws the law of oil and gas.

 

Al-Harithi told Mawazine News that “the next few days will witness the completion of all the laws that are stalled reading and voting to end this few remaining period of parliament by reading the largest number of laws.”

 

He explained that “the important laws that will be read are the law of oil and gas for its economic importance and the revenues of the state and how to deal with it, in addition to the laws of parties and social security and health professions and many laws will be read and voted to end.

 

It is noteworthy that there is a package of laws in the House of Representatives because of the differences of political blocs around them, and was deported to several parliamentary sessions. Ended 29/6 N

 

http://www.mawazin.net/%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF-%D8%A7%D9%84%D9%86%D9%8A%D8%A7%D8%A8%D9%8A%D8%A9-%D9%84%D9%85%D9%88%D8%A7%D8%B2%D9%8A%D9%86-%D9%86%D9%8A%D9%88%D8%B2-%D8%A7%D9%84%D8%A3%D9%8A%D8%A7%D9%85-%D8%A7%D9%84%D9%85%D9%82%D8%A8%D9%84%D8%A9-%D9%85%D9%88%D8%B9%D8%AF-%D8%AA%D9%85%D8%B1%D9%8A%D8%B1-%D9%82%D8%A7%D9%86%D9%88%D9%86-%D8%A7%D9%84%D9%86%D9%81%D8%B7-%D9%88%D8%A7%D9%84%D8%BA%D8%A7%D8%B2

 

 
 

 

 

They are meeting tomorrow.  Lets see what they get done.

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2 hours ago, TexasMike1958 said:

 

 

They are meeting tomorrow.  Lets see what they get done.

 

CRAP . . . I hate it when they say " the coming days " - perhaps it will be different this time  :praying:

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1 hour ago, TexasMike1958 said:

 

I have seen this song in a different hymnal...... hope this time it is the right tune.

This time the Fat Lady maybe leading the Choir ... 

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Luaibi: National Oil Company will open oil horizons for Iraq
 
1022.jpg
Oil worker in southern Iraq

  

 energy


Economy News Baghdad

The oil minister said on Thursday that the parliament's vote on the National Oil Company's law is an important step to opening oil and gas horizons in Iraq .

Jabbar al-Allaibi during a meeting with a delegation of jurists, geologists, engineers and journalists in the province of Basra, received by "Economy News", the parliament's vote on the restructuring of the National Oil Company step in the right direction to open new horizons to develop the oil and gas industry in Iraq .

He pointed out that the fruits and results of the restructuring of the company will be harvested by Iraq in the future and will be "great" at the levels of development of the oil and gas sectors and infrastructure, as well as upgrading the performance of employees in the oil sector and develop the work of the private sector in the country, which will play a major role in the development of the national economy .

Al-Allaibi pointed out that "the laws and regulations in general are not without the presence of observations by concerned parties, interested parties and experts", which can be addressed in accordance with the requirements of public interest .

The oil minister has reviewed the delegation of the date of the establishment of the National Oil Company in the early sixties of the last century and the achievements achieved in time on the levels of production and investment of gas and raising the rates of oil reserves and development of oil fields, and its position for the world, where it was at the forefront of oil companies globally and ranked fourth .

http://economy-news.net/content.php?id=11587

 
Views 22   Date Added 03/15/2018
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The oil minister said on Thursday that the parliament’s vote on the National Oil Company’s law is an important step to opening oil and gas horizons in Iraq.
Jabbar al-Allaibi during a meeting with a delegation of jurists, geologists, engineers and journalists in the province of Basra, said the parliament’s vote on the restructuring of the National Oil Company step in the right direction to open new horizons to develop the oil and gas industry in Iraq.
He pointed out that the fruits and results of the restructuring of the company will be harvested by Iraq in the future and will be “great” at the levels of development of the oil and gas sectors and infrastructure, as well as upgrading the performance of workers in the oil sector and develop the work of the private sector in the country, which will play a major role in the development of the national economy.
Al-Allaibi pointed out that “the laws and regulations in general are not without the presence of observations by concerned parties, interested parties and experts”, which can be addressed in accordance with the requirements of public interest.
The oil minister has reviewed the delegation of the date of the establishment of the National Oil Company in the early sixties of the last century and the achievements achieved in time on the levels of production and investment of gas and raising the rates of oil reserves and development of oil fields, and its position for the world, where it was at the forefront of oil companies globally and ranked fourth.

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1022.jpg
Oil worker in southern Iraq

  

 energy


Economy News Baghdad

The oil minister said on Thursday that the parliament's vote on the National Oil Company's law is an important step to opening oil and gas horizons in Iraq .

Jabbar al-Allaibi during a meeting with a delegation of jurists, geologists, engineers and journalists in the province of Basra, received by "Economy News", the parliament's vote on the restructuring of the National Oil Company step in the right direction to open new horizons to develop the oil and gas industry in Iraq .

He pointed out that the fruits and results of the restructuring of the company will be harvested by Iraq in the future and will be "great" at the levels of development of the oil and gas sectors and infrastructure, as well as upgrading the performance of employees in the oil sector and develop the work of the private sector in the country, which will play a major role in the development of the national economy .

Al-Allaibi pointed out that "the laws and regulations in general are not without the presence of observations by concerned parties, interested parties and experts", which can be addressed in accordance with the requirements of public interest .

The oil minister has reviewed the delegation of the date of the establishment of the National Oil Company in the early sixties of the last century and the achievements achieved in time on the levels of production and investment of gas and raising the rates of oil reserves and development of oil fields, and its position for the world, where it was at the forefront of oil companies globally and ranked fourth .


Views 72   Date Added 15/03/2018

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Literacy of oil

   
 

 
 


18/3/2018 12:00 am 

Alaa Mohammed Al Asadi *

You may be surprised by the term "oil illiteracy". We have passed the term illiteracy eradication, which means eradicating ignorance and encouraging science and learning among older people who missed the opportunity to sit in school at the very beginning of life. The illiteracy of illiteracy and ignorance in the main source of income of our nation to erase ignorance in the world of oil, which is the backbone of a country called Iraq, but why do we want to erase this Yeh? Is it to raise the standard of living of the people? But in order to enlighten the minds and erase all the illusions that most of the people of this poor people dream of the share of oil to the right of Iraq in the assets of oil (oil assets) or the so-called public right to wealth.

I watched as most of you saw a propaganda and media film produced by a well-known satellite calling on the Iraqi government to pay a quarter of a dollar of each barrel produced and considered the share of all Iraqis and according to the propaganda film that this quarter will be according to calculations performed by the economist in this film or this campaign to the salaries An estimated 787,000 Iraqi dinars per person. 
At first glance, everyone watching the film starts with anger and tries to blame the government. Is a quarter of a dollar enough for a monthly salary of 787 thousand dinars for every citizen, and this quarter will eliminate all the pain and poverty of the Iraqi families and the government does not pay a quarter of a dollar out of 64 dollars is the price of a barrel these days? 
So the film has political and promotional dimensions because it is the election period and everyone is trying to show that he is the next noble knight on his white horse to lure the Iraqis out of their misery. After the election, the situation is tested.
The film claims that a quarter of a dollar and simple operations lead to 787 thousand dinars a month for me and you and our neighbor, so I decided to launch my campaign against the quarter-dollar campaign, which spread like fire in the wild because of the love of the Iraqis for any campaign mentioning the dollar and euro. 
This campaign is called the elimination of oil illiteracy, which is the eradication of illiteracy of the individual Iraqi oil and calls for the dissemination of oil culture because it is as mentioned above, because it is the work of the oil industry, The foundation of the Iraqi economy and the cornerstone of the state budget for more than four decades.
The first thing I want to explain to public opinion is the lie of the quarter-dollar campaign. In order to simplify the process to become clearer to every Iraqi individual, we assume that we raised the dollar to facilitate the calculations. US $ per barrel exported daily $ 1 per barrel x daily export rate 3.500.000 And half a million barrels) = 3.500.000 dollars, then the output became 3 million and a half million dollars a day hit in 30 to produce you the total amount for a full month 30x 3.500.000 = 105.000.000 one hundred and five million dollars a month now divided by the population of Iraq Suppose they 30 million becomes the answer. 
105000000 \ 300000000 = $ 3.433, which means that it did not exceed $ 5, so how did this genius account for 787 thousand ?! Is not that ignorance? It is a dissemination of ignorance and the absence of the minds of citizens in order to influence the performance of the government and to show the government and the Ministry of Oil in particular as deficient towards citizens.
It is a right of the citizens of this country to know the rate of oil production in it and where the money goes, and the percentage approved by the budget 2.5 percent as the People's Fund Of the oil money is also insufficient to achieve security distribution of oil revenues to the Iraqi people .. My neighbor will remain  
more important. * North Oil Company - Kirkuk

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Information / Special ...

The political analyst and confident Hashemi, Saturday, that the central government will reach results in the near days with the Turkish side and the government of the Territory to manage the port of Ibrahim Khalil by the federal authority, while pointed out that the export of oil settled with Kurdistan through the company "Sumo" according to the Constitution.

"The central government has taken control of the border crossing points towards Sulaymaniyah in full accordance with a joint coordination," Hashemi said, adding that "the port of Ibrahim al-Khalil will be handed over to the central government after talks between the Turkish government and the central government of the region."

Regarding the export of oil, Hashemi said that "the export of oil will be through the company (Sumo) and this is stipulated by the Iraqi constitution and not accept the export of oil through other outlets."

 He pointed out that "the government of Arbil will make problems to silence the voice of her street dissatisfied with its policy," pointing out that "Baghdad is serious in controlling the export of oil and there are technical committees will develop a map works by the parties in the coming days."

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

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Shatha Khalil
The Iraqi Ministry of Oil has achieved a series of successes by its Minister Jabbar Al-Luaibi and his direct supervision of the implementation of the development plans to promote the economic reality and stability. He praised the efforts of the oil sector workers who continue to work day and night for the optimal investment of national wealth , And maximize their revenues. 
During his meeting with a delegation from the province of Basrah, Al-Luaibi said the importance of the Iraqi parliament's vote on the restructuring of the national oil company, which ranks fourth among the world's oil companies. 
He says that the company, which dates back to the early sixties of the last century, has achieved remarkable achievements at levels of production and investment of gas and raise the rates of oil reserves and the development of oil fields.
He added that the restructuring of the National Oil Company is a step forward to open new horizons for the development of the oil and gas industry in the country, and will build Iraq after years of fruit development of the oil and gas sectors and infrastructure, and improve the performance of workers in the oil sector, and develop the work of the private sector in the country, which will be Has a major role in the development of the national economy.

Al-Luaibi stressed the amendment of the laws and legislations by experts and jurists and the approval of the concerned parties, in accordance with the requirements of the general interest of the country's economic and industrial, because the laws are not without some notes. 
In a related context to the achievements and successes achieved by the ministry, and within the directions of Allaibi to maximize financial revenues and the federal treasury and the development of real investment of the country, Al-Allaibi focuses on reducing the import of oil derivatives by (25%), which provides financial revenues, The proper planning of the provision of petroleum products to citizens, ministries, government establishments, companies and factories of the private sector and others, indicating that the rehabilitation of a number of refineries that were destroyed by terrorist gangs and the resumption of production, contributed to the increase in production In addition to a number of production units to the refineries of the south and center. "

Al-Luaibi pointed out that achieving the Ministry's objectives of self-sufficiency in the production of liquid gas has the great effect of reducing the proportion of imports by covering a large part of the consumption in some facilities and compensating them with liquid gas, and operating the production units in modern refineries, Chinese and Qayara and Kirkuk, Increase the production of oil derivatives. 
Al-Allaibi said that the ministry is continuing to launch plans and projects for the establishment of refineries outside the country for the benefit of Iraq, and large investment projects inside the country in the liquidation sector, including Kirkuk refinery and refinery Maysan, Nasiriyah, Faw, Anbar and Nineveh and others, which contributes to raising the productive capacity of oil derivatives in the country.
In the same context, the Ministry is keen to enhance production capacity. Al-Allaibi inaugurated the wet oil processing unit in the West Qurna field with a capacity of 50 thousand barrels, which is working to increase the production rates in the oil fields through the projects carried out in cooperation with international companies operating or through National effort. 
Al-Luaibi described the project as "the pride", explaining that the completion of the project, which was accomplished in record time during the projects implemented by the ministry in cooperation with international companies operating ExxonMobil ZoonRoiner and the national effort, which will increase the total capacity of the station to 160 thousand barrels per day, And improve the quality of production, as it will restart the 15 wells were closed because of the impact of water, which will boost production rates by 20 thousand barrels.

"The completion of this unit will increase production rates in the field, which will boost the production capacity of Iraq," ExxonMobil's representative, Zoon Roehner, said. "One million hours of non-stop work has been completed in two years through SEBEC."

"The project was completed at a cost of less than the planned budget of 10 percent, and is one of four projects to raise production capacity to high levels," the representative of Sipec said. 
The Chairman of the Joint Committee for the management of West Qurna 1 / Hassan Mohammed, that "the project, which was carried out according to high specifications was completed in record time, and three months ahead of schedule, which reflected positively in raising the rate of production field during the year. 
Hassan Mohammed said that during the completion of the project, the rehabilitation of national staff and training them on site to acquire modern expertise, pointing out that the ministry is determined to open the seventh wet oil processing unit soon after.

The oil minister, Jabbar al-Luaibi, revealed important negotiations with investment companies to develop the fields of Ben Omar and Artawi in the province of Basra, explaining that "the negotiations between the Ministry of Oil and the coalition of companies is still about the current production of the two fields," noting that "the ministry aspires to develop a capacity of 550 Thousand barrels of light oil, and production of 1000 million cubic feet of gas. " 
He explained that "this is done in exchange for the coalition of companies to establish a project to inject water with a capacity of 5 million barrels per day, and build a warehouse in Nahr Umar and Nabubin Bahrin and Nabubin Bryan," pointing out that "this project is very important and will develop the area north of Basra and will provide jobs and put Iraq in place Advanced market for light oil. "

The minister also stressed the importance of building positive, cooperative and participatory relations with civil society institutions and scientific centers for research and universities. He said that the ministry supports all trends that develop science, scientists and scientific universities. Continuing this trend with the University of Basra.

During his visit to the university, the minister stressed the support of science and scientists to develop the scientific march, improve the mechanisms of teaching and lab work, and solve the problems experienced by the students in terms of teaching or appointment, and instructed the Basra Petroleum Company to meet their demands in accordance with the controls and contexts and instructions in force. 
And stresses the absorption of Iraqi manpower in the projects and fields in which foreign companies operate within the fields of licensing rounds and according to the ratios previously determined in the form of contracts concluded. 
Al-Luaibi discussed with the Dean and heads of departments at the Faculty of Agriculture at the University of Basra the developments in the national campaign to plant a million palm trees. He confirmed the developments in the project of the National Campaign for planting a million palm trees, which was initiated by the Ministry of Oil in coordination with the Faculty of Agriculture and concerned authorities in the governorate.
And stresses the development of service infrastructure, and coordination between the Ministry of Agriculture and the Ministry of Agriculture for the cultivation of ornamental trees in some of the central carrots from the streets of the province of Basra, earlier implementation of several service projects in the province, including the establishment of a tourist resort in Muftiya and the development and rehabilitation of the river, Bridges and support the Cancer Hospital in the province, and other projects.


Center for Economic Studies and Research Center

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National Oil Company does the Iraqi economy

   
 

 
 


19/3/2018 12:00 am 

BAGHDAD / Farah Al-Khafaf The 
number of experts and specialists approved by the House of Representatives to the law of the formation of the Iraqi National Oil Company "an important achievement" will have a positive impact on the Iraqi economy. "The approval of the law of the Iraqi National Oil Company is an important turning point in the management of oil resources in the country," said oil expert Hussein al-Marzouq. Export ports pointed out that "Among the most important features of the law are:" Management, development and operation of producing fields and fields discovered and undeveloped, in addition to concluding contracts for exploration, production and export, and development of exploration and production, transport, storage and marketing, as well as management of service contracts concluded in rounds Licensing, management and operation of the main oil pipeline network and ports of export. " Financial independence





The text of the law stipulates that "a public company called the Iraqi National Oil Company shall be established and shall have the moral personality and financial and administrative independence. It shall be represented by its chairman or its authorized representative. It shall be linked to the Council of Ministers. The company's center shall be in Baghdad and have branches in the producing governorates and offices inside Iraq at the request of its Chairman and the approval of the Council. The administration, and outside Iraq after the ratification of the Council of Ministers, as it exercises its work in all the territory of the Republic of Iraq and its territorial waters and outside Iraq on behalf of the Iraqi state. 
The specialists of the "morning" that the company's law put points on the letters on the management of the oil process, including the oil fields, as he stressed that the company exercises its work in all the territory of Iraq, that is, the Kurdistan region is covered by this step. The increase in imports pointed to the importance of passing the company law  , expecting to increase financial imports with low financial costs, as well as providing thousands of jobs for graduates and others.





Oil Minister Jabbar Ali al-Luaibi has confirmed that the parliament's vote on the restructuring of the National Oil Company is a step forward to open new horizons to develop the oil and gas industry in Iraq. 
National Economy 
warned Allaibi in a statement that " the fruits of the results of the restructuring of the company Christsdha Iraq after years and would be great on the development of the oil and gas and infrastructure levels, as well as improve the levels of performance of employees in the oil sector, in addition to the development of the work of the private sector in the country , which will be "The laws and regulations in general are not without the presence of observations by concerned parties, interested parties and experts, and can be taken when there is a need to amend this paragraph or that in accordance with the requirements of the public interest."
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Expert: Iraq is heading towards an oil revolution that revives its economy and stops the import of derivatives

08:22 - 22/03/2018
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Information / Baghdad ..

Oil expert Hamza al-Jawahiri said on Thursday that Iraq is heading toward an oil revolution that will revive its economy and provide him with a lot of money and stop importing oil derivatives. He said that Iraq will soon feel that it could turn into a source country for oil derivatives.

Al-Jawahiri said in a statement that "there are several refineries operating in most provinces, which in turn will supply the country with various oil derivatives of gasoline, white oil and gas in addition to other non-essential materials."

"The opening of the new refineries leads Iraq to self-sufficiency of oil derivatives, some may be exported abroad, but the global oil market is full of supply of oil," adding that "the country will soon see a major oil revolution provides billions of dinars contribute to the delegation Balance the money and thus the advancement of the Iraqi economy. "

The member of the Committee on oil and energy parliamentary MP Ibrahim Bahr al-Ulum earlier confirmed to the information that Iraq has reduced the import of oil derivatives by 25% after the opening of new refineries and near the completion of other refineries in Nineveh and southern provinces, which will revive the Iraqi economy and stop the import process. Ending / 25 n

 

http://www.almaalomah.com/2018/03/22/293429/

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Balance the money and thus the advancement of the Iraqi economy. "

 

I like the word balance!!! Balance to me means one thing has to equal the other, as in 1=1!!!!!

Edited by Mxmann
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