3-5-2018 Newshound Guru G-Lin - Articles: "Parliament votes on a clause that the Headquarters Of The National Oil Company In Baghdad" !

[DinarThug]

CNN. Broadcasting While Wondering Why Carpool Lanes Are Allowed To Discriminate Against Single People !

 

 

 

3-5-2018   Newshound Guru G-Lin   Articles: 

"Parliament votes on a clause that the headquarters of the National Oil Company in Baghdad"  

"The Ministry of Oil welcomes the vote on the law of the National Oil Company in the session of the House of Representatives today"  

Quote: "Al-Luaibi said that the adoption of the law will constitute a new era for the oil industry,

based on scientific methods,

modern technology and the national management of the country's wealth.

In order to support and develop the national economy."   

This is our HCL IMO. 

Edited March 5, 2018 by DinarThug

[DinarThug]

3-4-2018   Newshound Guru chattels    Article quote: 

"Jubouri: Vote on important bills Monday 03/03/2018 15:44 BAGHDAD / NINA / Speaker of the House of Representatives Salim al-Jubouri,

said that the meeting on Monday is no less important than previous meetings.

"The Monday session will feature important bills,"

he said at a news conference.

"The national oil, the protection of teachers and teachers,

accountability and justice,

and the protection of engineers."   

"...national oil..."   Could be the "HCL".   

[5% TO THE PEOPLE...I have seen many Iraq people posting this number on Abadi posts on facebook over the last few months.

This is the number i think the citizens are wanting in this regard. 

TO THE PEOPLE...or there provinces...

will these funds be directly given to this citizen via the government or the province in which they reside? ..

Meaning the ...HCL?]  

The 5% is an allowance for/to certain oil producing provinces.

[DinarThug]

3-4-2018  Newshound Guru Kaperoni   The market rate is in essence the rate on the street…

the dinar is a little weaker than the actual value from the CBI which is pegged to the US dollar which is part of Article 14. 

In order to meet the stipulations of IMF Article VIII you need to simplify your foreign exchange and 

reduce the market rate spread which is the spread on the street…

The rest of the world’s banking system for the most part is in Article VIII…

they have expertise in managing their currency and meet the conditions. 

This is important because 

if you’re ever going to accept article VIII and make the dinar internationally convertible you need to maintain that exchange rate for international transactions...

[DinarThug]

3-4-2018  Newshound Guru Kaperoni  ...Banks don’t want to lose money. 

They want to know what the spread is from day to day. 

They want to know how much it’s going up and how much it’s going down and so on…

this has always been an issue since I’ve been in this investment. 

The Central Bank had to reduce the spread…

Shabibi actually did a wonderful job.  

He lowered the spread within the conditions set forth in their article IV consultations. 

He got it down to 1200 or so on the street and held it there for 10 months. 

In September of 2012 he announced he was going to begin currency reform so we assumed he was going to Article VIII at that point. 

Then of course PM Maliki at the time said No, we’re not ready. 

We don’t want this to occur…

When Shabibi was out of the country for a conference Maliki put out a warrant for his arrest. 

Which in essence kept him out of the country and stopped the process in it’s tracks...

[DinarThug]

3-5-2018   Intel Guru Frank26   Article: 

"Iraq decides to facilitate the granting of [Visa] to investor"  

Quote: "The Ministerial Council on National Security headed by Haidar al-Abadi, the Prime Minister, 

decided to take a package of measures to facilitate granting visas to investors and businessmen wishing to invest in Iraq."   ...

IT IS HELL TO GET A VISA FOR THE INVESTORS TO COME IN SAFELY...

BS WITH BOTH SIDES OF EMBASSY'S...

[GURU] DELTA SEES A GO WITH VISA NOW GOING IN TOO...

THIS IS ALSO A'S DOING...

[DinarThug]

3-4-2018   Intel/Newshound Gurus Frank26 and Walkingstick   [...would it be a concern if the budget was signed & opened in trillions?]  

No...WHEN A IS READY TO RI ...

THE TRNS CAN GO TO BNS (Trillions to Billions)  

AS QUICKLY AS ONE CAN FLIP A LIGHT SWITCH IN ORDER ...TO SEE.

[gregp]

37 minutes ago, DinarThug said:

3-4-2018   Intel/Newshound Gurus Frank26 and Walkingstick   [...would it be a concern if the budget was signed & opened in trillions?]  

No...WHEN A IS READY TO RI ...

THE TRNS CAN GO TO BNS (Trillions to Billions)  

AS QUICKLY AS ONE CAN FLIP A LIGHT SWITCH IN ORDER ...TO SEE.

 

 

One can can only hope. 

 

Thanks Thugs!

[Freedomwish]

4 minutes ago, gregp said:

 

 

One can can only hope. 

 

Thanks Thugs!

 Yup.   

[SgtFuryUSCZ]

...........  ...........................  

[DinarThug]

3/5/2018

 

KTFA:  

Lynda:  Soooo very happy to see that the Parliament voted on The HCL this morning!!!  This is what had me concerned Sat. & Sun.  I read many years ago that this had to be done before an RI or RV took place, & a friend who has been in the dinar a long while reminded me of that. Yippee!!!  It is Done! Thank The Lord that Iraq has Abadi, & we have Trump!

Z1world:  This is the part that had me confused. Was the vote on the Iraqi National Oil Company part of the HCL?  

Walkingstick:  Yes, it is Article 6 within the 2007 Oil and Gas law....

Hazen:  It's a new week.....what will this week bring????  Now, that the budget has past, what's has to happen next? 
....

 

Kitkat:  The president needs to sign, then printed in the gazette IMO.

Vsdk:  Between the passing of the budget to the signing of the budget, is there a time frame for that? Does it have to be signed by X number of days?  

Grannieannieks:  15 days if it is not signed within that 15 days then it automatically becomes law, Then 3 days to be posted in the Gazette to make it official. But remember one thing. The Budget NEEDS the RI in order to open it. To make it work !!!

************

[DinarThug]

6 hours ago, DinarThug said:

LINK

Al-Allaibi: The vote on the law of the National Oil Company is an historic decision aimed at protecting the national wealth
 

5th March, 2018

Oil Minister Jabbar al-Allaibi on Monday congratulated the Iraqi people on the occasion of the parliament's vote on the National Oil Company's proposed law, while stressing that the ministry will take appropriate measures and steps to implement the law .

The ministry said in a press statement received by "Economy News" that "the oil minister Jabbar Ali al-Allaibi congratulations and congratulations to the Iraqi people on the occasion of the members of the House of Representatives on the draft law of the National Oil Company ."

Al-Luaibi described the voting process as "the historical decision that aims at optimizing the investment of national wealth management and protection and developing it in accordance with the programs and advanced mechanisms entrusted by the effort and the national administration ."

He praised al-Luaibi, according to the statement, "the efforts of the President and members of the Council of Ministers and the President and members of the House of Representatives and the Committee of oil and energy parliamentary and all the committees, both working in the Ministry of Oil or other concerned bodies that contributed to the preparation and amendment to finalize the final version of the text of the law," stressing that " Procedures and appropriate steps to implement the law and achieve the desired goals. "

 

LINK

Al-Allaibi: The vote on the law of the National Oil Company is an historic decision aimed at protecting the national wealth
 

5th March, 2018

Oil Minister Jabbar al-Allaibi on Monday congratulated the Iraqi people on the occasion of the parliament's vote on the National Oil Company's proposed law, while stressing that the ministry will take appropriate measures and steps to implement the law .

The ministry said in a press statement received by "Economy News" that "the oil minister Jabbar Ali al-Allaibi congratulations and congratulations to the Iraqi people on the occasion of the members of the House of Representatives on the draft law of the National Oil Company ."

Al-Luaibi described the voting process as "the historical decision that aims at optimizing the investment of national wealth management and protection and developing it in accordance with the programs and advanced mechanisms entrusted by the effort and the national administration ."

He praised al-Luaibi, according to the statement, "the efforts of the President and members of the Council of Ministers and the President and members of the House of Representatives and the Committee of oil and energy parliamentary and all the committees, both working in the Ministry of Oil or other concerned bodies that contributed to the preparation and amendment to finalize the final version of the text of the law," stressing that " Procedures and appropriate steps to implement the law and achieve the desired goals. "

[DinarThug]

6 hours ago, DinarThug said:

Don’t Let The Arabish Translation In The Headline Using The Word ‘Libyan’ Through U Off - This Is The Iraqi Oil Minister Al-Allaibi Speaking !  

     

Libyan economy relies on the law of the oil company: an important development

 Twilight News    

 

 32 minutes ago

 

The Ministry of Oil welcomed on Monday the inclusion of the law of the National Oil Company on the agenda of the House of Representatives and vote on its paragraphs in today's session.

Oil Minister Jabbar Ali al-Allaibi said in a statement to Ashfaq News that he hoped to complete the quorum for the session of the House of Representatives today to vote on the paragraphs of the draft law and approval, because it is a major national responsibility rests with all legislative and executive bodies to develop the oil industry and the optimal investment of national wealth.

Al-Allaibi said that "the Ministry of Oil completed earlier last year draft law of the National Oil Company and presented it to the Council of Ministers, which voted on March 14, 2017, and then transmitted it in turn to the House of Representatives to vote and approve."

He praised the decision of the Presidency of the Council to include the draft law on the agenda of the Council, appreciating the role and efforts of the Chairman and members of the Committee on oil and energy parliamentary and their keenness to expedite the presentation of the subject in the House of Representatives and vote on it for its importance in the development of oil industry in Iraq.

"The adoption of this law will constitute a new era for the oil industry, based on scientific methods, modern technology and the national management of the country's wealth," Al-Luaibi said. In order to support system" rel="">support and develop the national economy. "

 

link

 

Don’t Let The Arabish Translation In The Headline Using The Word ‘Libyan’ Through U Off - This Is The Iraqi Oil Minister Al-Allaibi Speaking !  

 

     

 

Libyan economy relies on the law of the oil company: an important development

 Twilight News    

 

 32 minutes ago

 

The Ministry of Oil welcomed on Monday the inclusion of the law of the National Oil Company on the agenda of the House of Representatives and vote on its paragraphs in today's session.

Oil Minister Jabbar Ali al-Allaibi said in a statement to Ashfaq News that he hoped to complete the quorum for the session of the House of Representatives today to vote on the paragraphs of the draft law and approval, because it is a major national responsibility rests with all legislative and executive bodies to develop the oil industry and the optimal investment of national wealth.

Al-Allaibi said that "the Ministry of Oil completed earlier last year draft law of the National Oil Company and presented it to the Council of Ministers, which voted on March 14, 2017, and then transmitted it in turn to the House of Representatives to vote and approve."

He praised the decision of the Presidency of the Council to include the draft law on the agenda of the Council, appreciating the role and efforts of the Chairman and members of the Committee on oil and energy parliamentary and their keenness to expedite the presentation of the subject in the House of Representatives and vote on it for its importance in the development of oil industry in Iraq.

"The adoption of this law will constitute a new era for the oil industry, based on scientific methods, modern technology and the national management of the country's wealth," Al-Luaibi said. In order to support system" rel="">support and develop the national economy. "

link

[DinarThug]

5 hours ago, DinarThug said:

The House of Representatives votes on 14 laws and decisions and clarification on the expulsion of a deputy

 

Shafak News / Voice of the House of Representatives in its regular session fourteen held under the chairmanship of Salim Jubouri in the presence of 220 deputies on Monday 5/3/2018, the eight laws and six resolutions and ended reading a bill. 
At the beginning of the session, the Council voted on the proposed amendment law of Law No. 13 of 2011, submitted by the Legal Committee, which allowed for a larger segment to contribute to the provision of services to citizens within their work areas and to further strengthen the role of the electors as the link between the citizen and the local government.
The Council completed the vote on the proposed amendment to the First Law of the Anti-Terrorist Act No. 31 of 2016, submitted by the Security and Defense Committee, in view of the importance of the headquarters of the anti-terrorist forces in the leadership and management of the lower leaders associated with it in all respects (Special Operations I, II and III) Is currently in the field and he played this role in all the operations against the organization and urged the existence of proven as the headquarters of the dominant control of all operations, which requires the return to the structure of the anti-terrorism apparatus and exercise its powers according to the law.

The Council ended the vote on the draft law of the Iraqi National Oil Company submitted by the Committee of Oil, Energy and Natural Resources to ensure the exploration, development, production and marketing of oil resources in the fields and land allocated to them under the law on behalf of the Iraqi state and to increase production and development of oil and gas industry and facilities and related structures and methods of work on the basis of efficiency Flexibility and competitiveness to maximize revenues for the benefit of the Iraqi people and in accordance with recognized international standards, which requires the formation of the Iraqi National Oil Company as a public company wholly owned by the state and reflects the concept of ownership of the people Oil and gas and the development of specialized formations within the organizational structure commensurate with its role in the management and development of oil and gas producing fields and discovered the paper oil and gas industry and the development of various other energy sectors in Iraq.

The Council voted on a parliamentary resolution includes a correction to the mistake and inadvertently included in the general budget on the allocation of 3 trillion dinars instead of 2 trillion dinars within the compensation of employees and include the Kurdistan region and the popular crowd.

The Council also completed the vote on a parliamentary resolution that includes the Minister of Finance in coordination with the Minister of Planning to include the instructions facilitating the implementation of the budget law and the rules of disbursement of the funds referred to in such a way as to ensure consideration of the above and the benefit of all the displaced and the provincial authorities concerned, the Governor and the provincial council prepare a plan to restore stability in these In accordance with the above provisions and submitted to my ministries of finance and planning for approval in the disbursement of funds allocated. All the above procedures shall be audited within a period of not less than three months to ensure proper procedures for the return of displaced persons, The exploitation of the money is in the interest of outside stakeholders (IDPs) and all contracts provided by the provinces and ratified by the Ministry of Planning and implemented in accordance with the implementation of government contracts Law No. (2) for the year (2014).

The Council voted on the proposed law to protect the teacher, teachers, supervisors and educational guides in order to reduce the phenomenon of violence and attacks on the teacher or teacher or educational supervisor or the specialist or educational guide in public and private schools and schools of endowments and religious affairs inside or outside the school for matters related to the performance of the duties of his job Or of its puppies and attention to the scientific and living level of the teacher, teacher, educational supervisor, specialist and educational counselor in public schools to promote this profession as an important pillar for the progress of the nations and sovereignty in order to take the school its role irrigation In the event of an act of aggression committed by a student or a student of a financial fine for considerations of the nature and level of their awareness, it is a trend consistent with the principles of justice, taking into account the penal provisions contained in the laws in force.

The Council voted on a parliamentary resolution that includes changing the curriculum of students with special needs from the elementary stages or halving them to suit their level of awareness. 

The Council completed the vote on the draft law of Babel, the cultural capital of Iraq, submitted by the committees of tourism, archeology, culture, media and legal, with the aim of enhancing the cultural and religious role of the province of Babylon and activating the tourist, archaeological, religious and cultural movement in Iraq. 

The council ended the vote on the proposal of the Samarra law, the capital of Islamic culture, presented by the committees of tourism and archeology and the legal committee to enhance the cultural role and religious role of Salahuddin province and activate tourism, archeological, religious and cultural movement in Iraq.

The Council voted on the proposed amendment to the Second Amendment Law to compensate the victims who lost part of their bodies as a result of the practices of the former regime No. 5 of 2009 amended by the Committee of Martyrs, Victims and Political Prisoners. 

The Presidency decided to postpone the vote on the proposed law of the Institute of Sports Management submitted by the committees of sport and youth and legal to be held a meeting between the Committee concerned and sports bodies for the purpose of maturation. 

The Council voted on a parliamentary decision obliging the government to provide operational contracts to the Electoral Commission and allocate to those working in the Independent High Electoral Commission before 2015.

The Council voted on a parliamentary decision on oil smuggled and the money obtained from the fields of Kirkuk includes the mandate of the Central Bank to know the names of banks and persons deposited in their names, Forming an investigative committee of oil, energy and integrity committees to submit its report within a month.

On another matter, President al-Jubouri stressed that the draft law of the House of Representatives aims to ensure the independence of the Council and its formations and does not include privileges, calling for the deletion of any article containing privileges, pointing out that the draft law relates to the composition of the Council and powers and the exercise of legislative and supervisory roles where the executive authority is not controlled by the House of Representatives by granting it Privatizations expressed concern for the independence of the House of Representatives according to the separation of powers. 

The Council ended the vote on the proposed law of the House of Representatives and its composition to clarify the constitutional and legal status of the president and his deputies and deputies and their duties and rights as required by the Constitution and the statement of some aspects of the relationship between him and the other authorities and establish a general secretariat of its directorates and other formations and offices of consultants to facilitate the work in it and to determine the grades for senior positions.

President al-Jubouri said that MP Kazem al-Sayadi denied that he had announced through a media that he had been expelled from the hearing. 

The council voted on a parliamentary decision obliging universities and government colleges to implement a decision to reinstate students who are restricted to the school if the student presents his or her affiliation to the popular and tribal crowd and by signing or representing the head of the popular crowd. 

The Council completed reading a report and discussion of the proposed sale and lease of slums to its occupants. 
It was then decided to resume the session on Tuesday 13/3/2018.

http://www.shafaaq.com/ar/Ar_N.....15fc1190d5

 

The House of Representatives votes on 14 laws and decisions and clarification on the expulsion of a deputy

 

Shafak News / Voice of the House of Representatives in its regular session fourteen held under the chairmanship of Salim Jubouri in the presence of 220 deputies on Monday 5/3/2018, the eight laws and six resolutions and ended reading a bill. 
At the beginning of the session, the Council voted on the proposed amendment law of Law No. 13 of 2011, submitted by the Legal Committee, which allowed for a larger segment to contribute to the provision of services to citizens within their work areas and to further strengthen the role of the electors as the link between the citizen and the local government.
The Council completed the vote on the proposed amendment to the First Law of the Anti-Terrorist Act No. 31 of 2016, submitted by the Security and Defense Committee, in view of the importance of the headquarters of the anti-terrorist forces in the leadership and management of the lower leaders associated with it in all respects (Special Operations I, II and III) Is currently in the field and he played this role in all the operations against the organization and urged the existence of proven as the headquarters of the dominant control of all operations, which requires the return to the structure of the anti-terrorism apparatus and exercise its powers according to the law.

The Council ended the vote on the draft law of the Iraqi National Oil Company submitted by the Committee of Oil, Energy and Natural Resources to ensure the exploration, development, production and marketing of oil resources in the fields and land allocated to them under the law on behalf of the Iraqi state and to increase production and development of oil and gas industry and facilities and related structures and methods of work on the basis of efficiency Flexibility and competitiveness to maximize revenues for the benefit of the Iraqi people and in accordance with recognized international standards, which requires the formation of the Iraqi National Oil Company as a public company wholly owned by the state and reflects the concept of ownership of the people Oil and gas and the development of specialized formations within the organizational structure commensurate with its role in the management and development of oil and gas producing fields and discovered the paper oil and gas industry and the development of various other energy sectors in Iraq.

The Council voted on a parliamentary resolution includes a correction to the mistake and inadvertently included in the general budget on the allocation of 3 trillion dinars instead of 2 trillion dinars within the compensation of employees and include the Kurdistan region and the popular crowd.

The Council also completed the vote on a parliamentary resolution that includes the Minister of Finance in coordination with the Minister of Planning to include the instructions facilitating the implementation of the budget law and the rules of disbursement of the funds referred to in such a way as to ensure consideration of the above and the benefit of all the displaced and the provincial authorities concerned, the Governor and the provincial council prepare a plan to restore stability in these In accordance with the above provisions and submitted to my ministries of finance and planning for approval in the disbursement of funds allocated. All the above procedures shall be audited within a period of not less than three months to ensure proper procedures for the return of displaced persons, The exploitation of the money is in the interest of outside stakeholders (IDPs) and all contracts provided by the provinces and ratified by the Ministry of Planning and implemented in accordance with the implementation of government contracts Law No. (2) for the year (2014).

The Council voted on the proposed law to protect the teacher, teachers, supervisors and educational guides in order to reduce the phenomenon of violence and attacks on the teacher or teacher or educational supervisor or the specialist or educational guide in public and private schools and schools of endowments and religious affairs inside or outside the school for matters related to the performance of the duties of his job Or of its puppies and attention to the scientific and living level of the teacher, teacher, educational supervisor, specialist and educational counselor in public schools to promote this profession as an important pillar for the progress of the nations and sovereignty in order to take the school its role irrigation In the event of an act of aggression committed by a student or a student of a financial fine for considerations of the nature and level of their awareness, it is a trend consistent with the principles of justice, taking into account the penal provisions contained in the laws in force.

The Council voted on a parliamentary resolution that includes changing the curriculum of students with special needs from the elementary stages or halving them to suit their level of awareness. 

The Council completed the vote on the draft law of Babel, the cultural capital of Iraq, submitted by the committees of tourism, archeology, culture, media and legal, with the aim of enhancing the cultural and religious role of the province of Babylon and activating the tourist, archaeological, religious and cultural movement in Iraq. 

The council ended the vote on the proposal of the Samarra law, the capital of Islamic culture, presented by the committees of tourism and archeology and the legal committee to enhance the cultural role and religious role of Salahuddin province and activate tourism, archeological, religious and cultural movement in Iraq.

The Council voted on the proposed amendment to the Second Amendment Law to compensate the victims who lost part of their bodies as a result of the practices of the former regime No. 5 of 2009 amended by the Committee of Martyrs, Victims and Political Prisoners. 

The Presidency decided to postpone the vote on the proposed law of the Institute of Sports Management submitted by the committees of sport and youth and legal to be held a meeting between the Committee concerned and sports bodies for the purpose of maturation. 

The Council voted on a parliamentary decision obliging the government to provide operational contracts to the Electoral Commission and allocate to those working in the Independent High Electoral Commission before 2015.

The Council voted on a parliamentary decision on oil smuggled and the money obtained from the fields of Kirkuk includes the mandate of the Central Bank to know the names of banks and persons deposited in their names, Forming an investigative committee of oil, energy and integrity committees to submit its report within a month.

On another matter, President al-Jubouri stressed that the draft law of the House of Representatives aims to ensure the independence of the Council and its formations and does not include privileges, calling for the deletion of any article containing privileges, pointing out that the draft law relates to the composition of the Council and powers and the exercise of legislative and supervisory roles where the executive authority is not controlled by the House of Representatives by granting it Privatizations expressed concern for the independence of the House of Representatives according to the separation of powers. 

The Council ended the vote on the proposed law of the House of Representatives and its composition to clarify the constitutional and legal status of the president and his deputies and deputies and their duties and rights as required by the Constitution and the statement of some aspects of the relationship between him and the other authorities and establish a general secretariat of its directorates and other formations and offices of consultants to facilitate the work in it and to determine the grades for senior positions.

President al-Jubouri said that MP Kazem al-Sayadi denied that he had announced through a media that he had been expelled from the hearing. 

The council voted on a parliamentary decision obliging universities and government colleges to implement a decision to reinstate students who are restricted to the school if the student presents his or her affiliation to the popular and tribal crowd and by signing or representing the head of the popular crowd. 

The Council completed reading a report and discussion of the proposed sale and lease of slums to its occupants. 
It was then decided to resume the session on Tuesday 13/3/2018.

http://www.shafaaq.com/ar/Ar_N.....15fc1190d5

[DinarThug]

4 hours ago, DinarThug said:

2018-03-05 

Al-Mahmoudawi calls for voting on the law of the National Oil Company and determining the rate of 5% of its profits to citizens

 

"The importance of this law is because it represents the best investment of the national wealth of oil and gas, rehabilitation of production sectors, development of fields and marketing and all related activities to ensure higher financial returns and achieve economic benefit for the people," Jamal al-Muhammadawi, a member of the Iraqi parliament, said. Iraqi. "

Al-Mahmoudawi said in a press statement that "we will record a set of observations on the draft law on the agenda of the House of Representatives today that Article (4) stipulates that the National Company shall be headed by a minister. Special grades ".

He added that "the bill distributed the financial imports of the national company on the sections of which 90% share of the treasury of the federal state and distributed the rest to parts of them (Citizen Fund) has determined the proportion distributed to all citizens living in Iraq did not specify a certain percentage of imports, we propose to be 5% Of the profits distributed to citizens in the form of shares of equal value. "

Al-Mahmoudawi pointed out that "we propose to amend Article (1) paragraph first to be as follows: The center of the main company in Basra and to open an administrative center in Baghdad."

He pointed out that Article (5) of the law requires the approval of the Council of Ministers with regard to the investment of national energy in Iraq, while stressing the need to require the law approval of the House of Representatives, especially as Iraq has a bad experience with the rounds of oil licenses that were approved by the Council of Ministers at that time without taking Representatives of the people so we propose to change the article or cancel it. "

"We reject the reference of the draft law to authorize the chairman of the board of directors of the company some of its functions to the president, which allows and opens room for the dominance of the Chairman of the Board of Directors as well as it will open the door for manipulation of public money away from censorship."

link

 

2018-03-05 

Al-Mahmoudawi calls for voting on the law of the National Oil Company and determining the rate of 5% of its profits to citizens

 

"The importance of this law is because it represents the best investment of the national wealth of oil and gas, rehabilitation of production sectors, development of fields and marketing and all related activities to ensure higher financial returns and achieve economic benefit for the people," Jamal al-Muhammadawi, a member of the Iraqi parliament, said. Iraqi. "

Al-Mahmoudawi said in a press statement that "we will record a set of observations on the draft law on the agenda of the House of Representatives today that Article (4) stipulates that the National Company shall be headed by a minister. Special grades ".

He added that "the bill distributed the financial imports of the national company on the sections of which 90% share of the treasury of the federal state and distributed the rest to parts of them (Citizen Fund) has determined the proportion distributed to all citizens living in Iraq did not specify a certain percentage of imports, we propose to be 5% Of the profits distributed to citizens in the form of shares of equal value. "

Al-Mahmoudawi pointed out that "we propose to amend Article (1) paragraph first to be as follows: The center of the main company in Basra and to open an administrative center in Baghdad."

He pointed out that Article (5) of the law requires the approval of the Council of Ministers with regard to the investment of national energy in Iraq, while stressing the need to require the law approval of the House of Representatives, especially as Iraq has a bad experience with the rounds of oil licenses that were approved by the Council of Ministers at that time without taking Representatives of the people so we propose to change the article or cancel it. "

"We reject the reference of the draft law to authorize the chairman of the board of directors of the company some of its functions to the president, which allows and opens room for the dominance of the Chairman of the Board of Directors as well as it will open the door for manipulation of public money away from censorship."

link

[skeetdog]

Thanks DT...Is it me...or does it appear that Iraq has put one leg into their "Big-Boy Pants"...

Edited March 6, 2018 by skeetdog
Brain fart

[DinarThug]

3-5-2018   Newshound Guru Walkingstick   Article:   

"The Council ended the vote on the draft law of the Iraqi National Oil Company..."  

Quote:  "The Council also completed the vote on a parliamentary resolution that includes the Minister of Finance in coordination with the Minister of Planning to include the instructions facilitating the implementation of the budget law and the rules of disbursement of the funds..." 

[Was the vote on the Iraqi National Oil Company part of the HCL?]  

Yes, it is Article 6 within the 2007 Oil and Gas law...

[DinarThug]

3-5-2018   Newshound Guru Kaperoni   Article: 

"Dollar exchange rate and the price of gold in Iraq on Monday"  

Quote: "According to the figures in the "Economy News" sell the dollar in Baghdad,

recorded today 121 thousand and 500 dinars and the purchase price of 122 thousand dinars for $ percent,

while yesterday scored 122 thousand 250 dinars and the purchase price of 123 thousand and 500 dinars for $ percent."   

1215 to $1 were close!

[ATHIM]

Clown for president.

I don't post much, been here a while though. Thug, you are still cracking me up after all these years.

You have made DV a better place and that entitles you to a free ride in the carpool lane forever!

[DinarThug]

1 minute ago, DinarThug said:

LINK

The Iraqi parliament votes in favor of establishing a national oil company

 

6th March, 2018

Iraq's parliament voted on Monday to set up a new national oil company to manage the country's energy sector, lawmakers said. 

"This is a very important law to push forward the development of the energy sector in Iraq," said Hisham al-Suhail, a member of the Iraqi parliament. "It is the duty of this new company to manage extractive industry operations," said Hamza al-Jawahiri, an oil analyst who helped the oil ministry draft the company's founding law. This will allow the Ministry of Oil to devote itself to the task of drawing strategies and plans for the development of the energy sector in Iraq ». 

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. Kurdish lawmakers voted with the majority in favor of the new company, despite the dispute between Baghdad and the Kurdistan Regional Government September / September on the territorial independence.

The central government took over half of the oil fields under the control of Iraq's Kurdistan region in 2014, including the oil city of Kirkuk, after the region voted for independence in a referendum opposed by Baghdad. 

Kirkuk's crude sales have stalled since Iraqi forces regained control of Kurdish oil fields in October. 

At present, Iraq's average oil production exceeds 4.5 million bpd.

 

 

LINK

The Iraqi parliament votes in favor of establishing a national oil company

 

6th March, 2018

Iraq's parliament voted on Monday to set up a new national oil company to manage the country's energy sector, lawmakers said. 

"This is a very important law to push forward the development of the energy sector in Iraq," said Hisham al-Suhail, a member of the Iraqi parliament. "It is the duty of this new company to manage extractive industry operations," said Hamza al-Jawahiri, an oil analyst who helped the oil ministry draft the company's founding law. This will allow the Ministry of Oil to devote itself to the task of drawing strategies and plans for the development of the energy sector in Iraq ». 

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. Kurdish lawmakers voted with the majority in favor of the new company, despite the dispute between Baghdad and the Kurdistan Regional Government September / September on the territorial independence.

The central government took over half of the oil fields under the control of Iraq's Kurdistan region in 2014, including the oil city of Kirkuk, after the region voted for independence in a referendum opposed by Baghdad. 

Kirkuk's crude sales have stalled since Iraqi forces regained control of Kurdish oil fields in October. 

At present, Iraq's average oil production exceeds 4.5 million bpd

[DinarThug]

1 minute ago, DinarThug said:

LINK

Parliamentary Energy: The law of the National Oil Company will give a share to every Iraqi citizen
 

6th March, 2018

The Iraqi oil and energy committee revealed on Tuesday that the Iraqi National Oil Company (INCOC) will include at least 10 percent of the funds in the first experiment in the country, while one of the funds will give each Iraqi citizen residing within the country a share of that percentage. 

"The legislation of the law of the Iraqi National Oil Company represents a great achievement for the House of Representatives, which re-established the law of forming the company, which was canceled by personal decisions of the former regime in 1987 after there was a law," Ali al-Bahadli, chairman of the committee, told a news conference with members of the committee. No. 123 of 1967, where it was merged and subordinated to the Ministry of Oil, "noting that" after 2004 tried to the Ministry of Oil and former Minister Ibrahim Bahr al-Ulum to reactivate the law of the National Oil Company, but those efforts collided with objections from some. "

Al-Bahadli added that "the law and after the efforts and discussions and workshops lasted for several months has seen the light, where will work to activate investment in refineries and the gas industry and all the goals set for the success of the work of the company can be achieved through several objectives and means in investment and exploration of new structures and activate investment under the mechanisms and scientific foundations And technical, "pointing out that" some understand that the company has powers higher than what some expect, but really draws its work and powers of the Constitution, the arm of the Ministry of Oil, which draws oil policies of the country and the company is working to implement those policies. "

Al-Bahadli stressed that "the company for the first time has achieved a great achievement for the Iraqi people through the formation of four funds, which will be deducted at least 10% of revenue to be distributed to those funds," explaining that "the first fund will be to support system" rel="">support the capital of the company and the second is the citizen fund, The country to the Iraqi people, where allocated shares for every Iraqi citizen resident inside Iraq and put a mechanism to hand over those amounts in addition to mechanisms to prevent the provinces that do not deliver oil quotas to the federal government. 

Al-Bahadli added that "the third fund is a generation fund, which will work the government to develop mechanisms to develop allocations for those generations, while the fourth fund is to support system" rel="">support the oil-producing provinces," stressing that "these percentages will be distributed in accordance with instructions to be placed within the rules of procedure of the company." 

And voted the House of Representatives during the meeting held on Monday, the proposal of the law of the National Oil Company.

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LINK

Deputy clarifies the most prominent advantages of the law of the National Oil Company

6th March, 2018

 

A member of the oil and energy committee of parliament, Zaher al-Abadi, said Tuesday that the law of the National Oil Company would bring economic benefit to the Iraqi people.

The MP said in a press statement that the law provides in one of its articles to ensure the benefits of the people of oil, where the distribution of the revenues of the remaining company after the expense of the expense of all citizens living in Iraq in the form of shares of equal annual value fall in the event of the death of the citizen, Shares are not subject to supply or purchase. 

He added that the draft law distributed the financial imports of the national company by 90% of those imports to the treasury of the federal state and the remaining 10% distributed to citizens.

He also noted that the law required the Kurdistan region to hand over the quantities of oil produced in its fields to the National Oil Marketing Company (SOMO) and otherwise will not give those shares to the Kurdish people. 

On the mechanism of the receipt of citizens of the money of the shares, MP Abadi pointed out that the company will open a bank account in Iraqi banks for each citizen to put the money, pointing out that the House of Representatives put an article obligates the company to start implementation after the legislation of 6 months.

The House of Representatives voted in its regular session held yesterday on the law of the National Oil Company and published the obelisk, the text of the law that voted on it.

 

LINK

Parliamentary Energy: The law of the National Oil Company will give a share to every Iraqi citizen
 

6th March, 2018

The Iraqi oil and energy committee revealed on Tuesday that the Iraqi National Oil Company (INCOC) will include at least 10 percent of the funds in the first experiment in the country, while one of the funds will give each Iraqi citizen residing within the country a share of that percentage. 

"The legislation of the law of the Iraqi National Oil Company represents a great achievement for the House of Representatives, which re-established the law of forming the company, which was canceled by personal decisions of the former regime in 1987 after there was a law," Ali al-Bahadli, chairman of the committee, told a news conference with members of the committee. No. 123 of 1967, where it was merged and subordinated to the Ministry of Oil, "noting that" after 2004 tried to the Ministry of Oil and former Minister Ibrahim Bahr al-Ulum to reactivate the law of the National Oil Company, but those efforts collided with objections from some. "

Al-Bahadli added that "the law and after the efforts and discussions and workshops lasted for several months has seen the light, where will work to activate investment in refineries and the gas industry and all the goals set for the success of the work of the company can be achieved through several objectives and means in investment and exploration of new structures and activate investment under the mechanisms and scientific foundations And technical, "pointing out that" some understand that the company has powers higher than what some expect, but really draws its work and powers of the Constitution, the arm of the Ministry of Oil, which draws oil policies of the country and the company is working to implement those policies. "

Al-Bahadli stressed that "the company for the first time has achieved a great achievement for the Iraqi people through the formation of four funds, which will be deducted at least 10% of revenue to be distributed to those funds," explaining that "the first fund will be to support system" rel="">support the capital of the company and the second is the citizen fund, The country to the Iraqi people, where allocated shares for every Iraqi citizen resident inside Iraq and put a mechanism to hand over those amounts in addition to mechanisms to prevent the provinces that do not deliver oil quotas to the federal government. 

Al-Bahadli added that "the third fund is a generation fund, which will work the government to develop mechanisms to develop allocations for those generations, while the fourth fund is to support system" rel="">support the oil-producing provinces," stressing that "these percentages will be distributed in accordance with instructions to be placed within the rules of procedure of the company." 

And voted the House of Representatives during the meeting held on Monday, the proposal of the law of the National Oil Company. 

#####################

 

 

LINK

Deputy clarifies the most prominent advantages of the law of the National Oil Company

6th March, 2018

 

A member of the oil and energy committee of parliament, Zaher al-Abadi, said Tuesday that the law of the National Oil Company would bring economic benefit to the Iraqi people.

The MP said in a press statement that the law provides in one of its articles to ensure the benefits of the people of oil, where the distribution of the revenues of the remaining company after the expense of the expense of all citizens living in Iraq in the form of shares of equal annual value fall in the event of the death of the citizen, Shares are not subject to supply or purchase. 

He added that the draft law distributed the financial imports of the national company by 90% of those imports to the treasury of the federal state and the remaining 10% distributed to citizens.

He also noted that the law required the Kurdistan region to hand over the quantities of oil produced in its fields to the National Oil Marketing Company (SOMO) and otherwise will not give those shares to the Kurdish people. 

On the mechanism of the receipt of citizens of the money of the shares, MP Abadi pointed out that the company will open a bank account in Iraqi banks for each citizen to put the money, pointing out that the House of Representatives put an article obligates the company to start implementation after the legislation of 6 months.

The House of Representatives voted in its regular session held yesterday on the law of the National Oil Company and published the obelisk, the text of the law that voted on it.

[Synopsis]

27 minutes ago, DinarThug said:

On the mechanism of the receipt of citizens of the money of the shares, MP Abadi pointed out that the company will open a bank account in Iraqi banks for each citizen to put the money, pointing out that the House of Representatives put an article obligates the company to start implementation after the legislation of 6 months.

 

Thank You, DinarThug, for posting all these Great Articles AND The Best Of Your Day To You!!! 

 

Looks like another means to aid in pulling CHUNKAE' MONAE' off the streets! Whether salaries to employees and now for the Iraqi citizen's oil revenues, the bank accounts are having to be set up and used by all Iraqi citizens. Certainly helps for bank liquidity but also to aid the shift from distrust to trust of the Iraqi citizens in the banks. With electronic point of sale and potential internet purchases, the Iraqi citizens may be more likely to deposit their physical currency in the banks. I'm not sure how far they are into setting up bank accounts for all the Iraqi citizens but for even half of the 38,000,000 Iraqis, 6 months seems to be a short time period to get everyone set up. Especially for Iraq.

 

I am not sure what impact the 6 months has for what we have been waiting for. We'll see!

 

Go Moola Nova!

[SgtFuryUSCZ]

Good morning CLOWN THUG....

 

... are we rich yet...?

 

 

.

[Starrider]

Wait a minute Wait a minute Wait a minute Wait a minute this is still the RUMOR section isn't it & not the NEWS section. 

Star

[Starrider]

3 hours ago, Starrider said:

Wait a minute Wait a minute Wait a minute Wait a minute this is still the RUMOR section isn't it & not the NEWS section. 

Star

Stay grounded PEEPs Easter's coming.

Star

[jeepguy]

2 hours ago, Starrider said:

Stay grounded PEEPs Easter's coming.

Star

Hey lady friend , good to see you on the net !  Ya know, I was thinking the same thing about 5 th article ....