Final touches on the amendment of the law of the national oil company

[yota691]

Final touches on the amendment of the law of the national oil company

Wednesday 02nd December 2020 67

 

  Baghdad: Conscious

 

The Parliamentary Oil and Energy Committee put "the final touches" on amending the law of the national oil company, indicating that it will pave the way for the initiation of the oil and gas law.

A member of the committee, Sadiq Al-Sulaiti, said to “Consensus”: “The committee is about to complete the amendment of the National Oil Company Law, so that some of its paragraphs will be part of the oil and gas bill.”

He added that "after the national oil law is completed and passed in parliament, it is possible to initiate an oil and gas law, despite the existence of political differences regarding it." 

It is noteworthy that the House of Representatives has completed the first reading of the first amendment bill to the Iraqi National Oil Company Law No. 4 of 2018

[Wheelman]

12 minutes ago, yota691 said:

Final touches on the amendment of the law of the national oil company

Wednesday 02nd December 2020 67

 

  Baghdad: Conscious

 

The Parliamentary Oil and Energy Committee put "the final touches" on amending the law of the national oil company, indicating that it will pave the way for the initiation of the oil and gas law.

A member of the committee, Sadiq Al-Sulaiti, said to “Consensus”: “The committee is about to complete the amendment of the National Oil Company Law, so that some of its paragraphs will be part of the oil and gas bill.”

He added that "after the national oil law is completed and passed in parliament, it is possible to initiate an oil and gas law, despite the existence of political differences regarding it." 

It is noteworthy that the House of Representatives has completed the first reading of the first amendment bill to the Iraqi National Oil Company Law No. 4 of 2018

I said this past Saturday HCL Coming!

When they put out the e-payment article.

[3n1]

22 minutes ago, yota691 said:

The Parliamentary Oil and Energy Committee put "the final touches" on amending the law of the national oil company, indicating that it will pave the way for the initiation of the oil and gas law

 

final touch 

---

1. 1

   something that you add or do to make something complete

[screwball]

Bingo...the law has been in place for years pre sadaam just needs some amendments.

[screwball]

this shite has made my day al the rest is irrelevant

 

[ametad]

Looks like good news here.

[nannab]

22 hours ago, yota691 said:

He added that "after the national oil law is completed and passed in parliament, it is possible to initiate an oil and gas law, despite the existence of political differences regarding it." 

 

22 hours ago, yota691 said:

The Parliamentary Oil and Energy Committee put "the final touches" on amending the law of the national oil company, indicating that it will pave the way for the initiation of the oil and gas law.

 

Great news!!!  Made my day  

Thanks Yota 

[southbeach]

thats perfect

 

 

 

 

[screwball]

lets hope for a weekend vote.

[Longtimelurker]

11 hours ago, southbeach said:

thats perfect

 

 

 

 

Yes, yes it is!

[GreedyDinar07]

Guys this is huge!! When, not if, they stop the auctions and pass the HCL things will fall into place! Awesome!!

[Laid Back]

A member of the committee, Sadiq Al-Sulaiti, said to “Consensus”: “The committee is about to complete the amendment of the National Oil Company Law, so that some of its paragraphs will be part of the oil and gas bill.”

He added that "after the national oil law is completed and passed in parliament, it is possible to initiate an oil and gas law, despite the existence of political differences regarding it." 
 

Huge News.!

 

Go amendment of the National oil company law
Go Oil and gas bill / HCL

Go RV

Go $1:1

 

 

[brokerkeith]

 

1 hour ago, GreedyDinar07 said:

Guys this is huge!! 

 

46 minutes ago, Laid Back said:

Huge News.!

 

 

Yeah, I kind of thought the same thing, wonder why this thread isn't blowing up.

 

Exciting Times Indeed!!

 

[Inbedded HorseHead]

Hurry before Biden jacks the Taxes!

[Rochester]

Success is going from one failure to another, without losing enthusiasm. We are all learning that lesson. Eventually we will all gain another lesson: that in the end we won. In the end our enthusiasm was not misplaced. In the end our enthusiasm for the other people on this site was not misplaced. Our enthusiasm for Adam's business judgement was not misplaced. In the end we struggled on, we kept the faith and we were justly rewarded. These lessons will last forever. Make sure you treat yourself and your loved ones, to the rewards you deserve, when that day comes. 

 

[Rugbylaird19]

56 minutes ago, Rochester said:

Success is going from one failure to another, without losing enthusiasm. We are all learning that lesson. Eventually we will all gain another lesson: that in the end we won. In the end our enthusiasm was not misplaced. In the end our enthusiasm for the other people on this site was not misplaced. Our enthusiasm for Adam's business judgement was not misplaced. In the end we struggled on, we kept the faith and we were justly rewarded. These lessons will last forever. Make sure you treat yourself and your loved ones, to the rewards you deserve, when that day comes. 

 

I agree with your "Lesson" analogy. I just didn't think class would last this long or be this frustrating. LOL

[ChuckFinley]

2 hours ago, Laid Back said:

A member of the committee, Sadiq Al-Sulaiti, said to “Consensus”: “The committee is about to complete the amendment of the National Oil Company Law, so that some of its paragraphs will be part of the oil and gas bill.”

He added that "after the national oil law is completed and passed in parliament, it is possible to initiate an oil and gas law, despite the existence of political differences regarding it." 
 

Huge News.!

 

Go amendment of the National oil company law
Go Oil and gas bill / HCL

Go RV

Go $1:1

 

 

Thanks LB, I also think that they see the writing on the wall, that the USD is about to become worthless and they better make their move now.  

[Longtimelurker]

If the USD tanks right before the IQD revalues, we could easily see a very high exchange rate. It would be bitter-sweet if one of the Gurus extreme predictions of $20/iqd was correct 🤣😳😆

[Laid Back]

3 hours ago, Rochester said:

Success is going from one failure to another, without losing enthusiasm. We are all learning that lesson. Eventually we will all gain another lesson: that in the end we won. In the end our enthusiasm was not misplaced. In the end our enthusiasm for the other people on this site was not misplaced. Our enthusiasm for Adam's business judgement was not misplaced. In the end we struggled on, we kept the faith and we were justly rewarded. These lessons will last forever. Make sure you treat yourself and your loved ones, to the rewards you deserve, when that day comes. 

Rochester, I resonate with your comment 🙏🏼🙂

[GreedyDinar07]

The Dollar is not going to crash, it may loose value but it is not going anywhere. I guess it depends on who you ask.

[8th ID]

I just know they need to get the lead out and hurry up! I wanna retire real SOON! Damn, I just used their 4-letter word, didn’t I ?  

[BigJake]

I have been here for a long time, sometimes hopeful sometimes not so much.  Right now I’m in a hopeful frame of mind and it could come out none too soon. I appreciate the DV Family and all who contributed. And I certainly appreciate Adam Montana and his crew.  

[yota691]

A former deputy criticizes the amendment to the law on the national oil company

 

A worker in an oil field in Basra. Reuters

energy Economy News - Baghdad Former member of Parliament from Basra Governorate, Zahir Al-Abadi, criticized, on Tuesday, the amendment to the law of the National Oil Company, describing it as "unfair and unjust" for the rights of citizens of the producing provinces. Al-Abadi said in a statement seen by Al-Iqtisad News, "The Al-Kazemi government is contradicting itself, as it made decisions during its session held last May to activate the funds (citizens, generations and provinces producing oil and gas), which were approved by the National Oil Company law." He added, "We were pleased that the government had an intention to grant the rights of citizens and governorates deprived of their rights, but soon the government reversed its decision by sending it to amend the National Oil Company Law to Parliament to cancel the legal articles that guarantee the rights of citizens and provinces producing oil and gas." He pointed out that the cancellation of these materials contributes to keeping "the governorates neglected and unable to rise by themselves by providing services and safe construction within the crumbs of them upon approval of the budget, which is not fattened and does not obviate hunger and at the same time it is a victim of cancer diseases, epidemics and environmental pollution resulting from activities of oil and gas extraction." . And Al-Abadi added: "From the standpoint of legal responsibility, and in order to guarantee the rights of the people of those provinces, we call on the House of Representatives, especially the Oil and Energy Committee, not to be dragged behind this amendment and to stand with their people and seek to formulate legal articles that guarantee the rights of citizens and provinces."

Number of observations 59,   date of addition 12/08/2020

[yota691]

Al-Abadi: Amending the National Oil Company Law violates the rights of the citizen and the producing provinces

12:56 - 12/08/2020

 

  

Flames emerge from flare stacks at the oil fields in Basra, southeast of Baghdad, Iraq January 17, 2017.REUTERS / Essam Al-Sudani - RTSVXV9

The information / Baghdad ..
Former member of the House of Representatives from Basra Governorate, Zahir Al-Abadi, confirmed, on Tuesday, that the current government contradicts itself and deprives the oil and gas producing provinces of its rights, indicating that the amendment of the National Oil Company Law is unfair to the governorates of the South, Wasit and Kirkuk, noting that any amendment The law is useless without guaranteeing the rights of the citizen and the producing provinces
, and Al-Abadi said in a statement that the information received, a copy of it, that “the Al-Kazemi government is contradicting itself by itself, as it made decisions during its session held last May to activate funds (citizens, generations, and provinces producing oil and gas), which It was approved by the law of the national oil company.
He added: “We were pleased that the government had an intention to grant the rights of citizens and governorates deprived of their rights, but the government soon reversed its decision by sending it to amend the National Oil Company Law to Parliament to cancel the legal articles that guarantee the rights of citizens and provinces that produce oil and gas so that these provinces remain neglected captives. A destitute person who is unable to rise by itself by providing services and safe construction through the crumbs that are left on it when the budget is approved, which is not obese and does not substitute for hunger and is at the same time a victim of cancer diseases, epidemics and environmental pollution resulting from activities of oil and gas extraction.
Al-Abadi continued: “Out of the legal and legitimate responsibility and in order to guarantee the rights of the people of those governorates, we ask the House of Representatives, especially the Oil and Energy Committee, not to be dragged behind this amendment and to stand with their people and seek to formulate legal articles that guarantee the rights of the citizen and the governorates.” He stands with his people and those who seek to lose their rights. End / 25

[yota691]

Image processed by CodeCarvings Piczard ### FREE Community Edition ### on 2018-02-27 23:14: 46Z | 

A member of the parliamentary economic committee who provides his observations on the licensing round contracts and the national oil company law

Author: Ahad6 On 12/10/2020 - 2:20 PM  4

A member of the Parliamentary Economy Committee, Mazen Al-Faily, makes several comments about the licensing round contracts and the National Oil Company law.

He presented, during a press conference, his objection to Article 15 - first and second of the National Oil Company Law, which abolishes the National Oil Company Law No. 123 of 1967 and its amendments and revokes the dissolved Revolution Command Council Resolution No. 79 of 1995 because it included the above laws and decisions that are intended to abolish the validity of the oil company The National or the Ministry of Oil will directly invest in all oil regions, which encourages the national effort in managing and developing natural resources.

He added, "Those laws and decisions that are to be canceled in the event that the National Oil Company or the Ministry of Oil invest in any of the areas designated for them through participation with others, if they find that it is better to achieve their objectives, that a contract for this be done by a law, indicating that," the survival of these laws and decisions A window that will provide a legal justification for Iraq to review and amend the unfair oil licensing rounds against Iraq to achieve the highest benefit to Iraq as stipulated in the Iraqi constitution, because the conclusion of those contracts by the Ministry of Oil with foreign companies violates the provisions of those laws and decisions in force explicitly, and the domestic and international legal rules are taken into account in the conclusion Such contracts are the basis for the constitutional and legal ratification followed in the countries of the parties to these contracts and avoid violating them.

He explained, “The laws and decisions that are to be repealed in the event that they remain in effect preserve public ownership of what is in the ground of natural resources (as stipulated in Law No. 97 of 1967 in Article Three, Paragraph Four) and prohibit any partnership contracts with foreign or local companies, which is what Confirms the legality of the federal government in requiring the region to cancel the partnership contracts it concluded with foreign companies, in addition to what was stipulated in the previous law of 2018 requiring the national oil company to be formed in accordance with this law to review contracts for licensing rounds and amend them in a way that preserves the interest of the Iraqi people.