Parliamentary and political movement to approve the oil and gas law.. 3 features of the project, most notably ending the disputes between Baghdad and Erbil

[6ly410]

 

[Rochester]

[6ly410]

[BETTYBOOP]

Still think they will both come together, sometime in march

[DanP]

Hot Dang!  HCL & Budget!  
You sneaky little 6LY you. 

[DanP]

Wow!!!

[6ly410]

6 minutes ago, DanP said:

Wow!!!

 

[tigergorzow]

6ly410 Thanks,  Patience is truly the key to our reward.  Stay humble my fellow DV Family...👍👍🙏🙏.   Remember to "Pay It Forward".

 

GO RV & RI

[Pitcher]

 

42 minutes ago, BETTYBOOP said:

Still think they will both come together, sometime in march

Swift to be implemented 

ISO 20022 goes Live March 20. 

HCL

 

It’s all coming together. 
 

Big Thank you to 6ly, Yota, and all the news warriors.  We’re getting closer.  

[6ly410]

State of Law: The government is looking to reduce dollar prices in the coming months

Posted 52 seconds ago

 State of Law: The government is considering reducing dollar prices in the coming months (iraqakhbar-com.translate.goog)

 

News Source /Al-Sumaria Channel

 

Al-Shammari said in his speech to the program (twenty) broadcast by Al-Sumaria TV, that "the region demanded the Sudanese to pass the oil and gas law since his first visits and before assuming the post of prime minister," noting that "All blocs agree to pass the law as it contains a comprehensive benefit and beneficial to all."

 

He added that "the coordination framework does not want to create differences with the political blocs participating in the government and everyone takes into account the public interest," noting that "the order to follow up the export of oil in the region imposes itself as an achievement because the governmentIn the region needs the center and vice versa.”

He continued: "The region needs a radical solution to the problems suffered by most citizens there," explaining that "one of the reasons for the delay in approving the budget law is the proportion of the region in it, and there are differences between the Kurdish parties on job grades and entitlements."

Regarding dollar prices, Al-Shammari stressed that “the government is discussing reducing dollar prices during the coming months in the event of market stability,” noting that “one of the government’s priorities is to return dollar prices to their previous state.”

He follows..

[6ly410]

Democrat: The region's share of the budget will not be sent until after the enactment of the oil and gas law

•  Time : 2023/02/21 22:30:12
•  
• Democratic Member: The Region's Share of the Budget Will Not Be Sent Until After the Oil and Gas Law is Enacted - Al-Furat News (alforatnews.iq)

  

A member of the Kurdistan Democratic Party, Wafa Muhammad Karim, revealed an agreement not to send the Kurdistan region's share of the budget until after the enactment of the oil and gas law.

 

 

Karim told Rabnaj {without accusation} broadcast by Al-Furat satellite channel on Tuesday evening, that: "The Kurdistan region entered into many agreements and treaties with alliances and coalitions in Baghdad and is accustomed to breaking covenants and not respecting contracts."
He added that "the region's share in the federal budget was 12.67, equivalent to 900 billion dinars, and Baghdad cut 700 billion dinars because the region did not meet the payment of its oil, and received only two financial payments in 2022."
Karim pointed out that "the problem lies in the lack of a guarantee from Baghdad to deliver the region's oil in exchange for its financial share in the budget, and the region is not a province, but has the right to use its constitutional and legal authority according to Article 21 of the Iraqi constitution."
He explained, "The lack of general census is the crisis of the problem between Baghdad and Erbil, and today the random estimated population of the region 14%, and there is an agreement that the share of the region will be either 14% or 13.9%," pointing out that "if determined, it will not be sent until after the legislation of the oil and gas law; for this the visits of the Kurdish delegation continue according to the specified time mechanism for 6 months."
However, Karim added, "The current atmosphere regarding the legislation of the oil and gas law is positive, and it was agreed in principle to determine the share of the region until the law is enacted, and we are optimistic about Prime Minister Mohamed Shia Al-Sudani and the political forces in approving the law."
Regarding the recent statement of the President of the Kurdistan Region, Nechirvan Barzani, Karim said, "Barzani's statement was clear about the relationship with Baghdad, so what is the point of the Kurds remaining in the federal government without implementing contracts and covenants."
"The Federal Court's decision on oil and gas was on the federal budget law for the year 2021 and not on the 2023 budget, so the region has the right to claim the center for the lists of Iraqi oil exports, and Baghdad has cut off $ 50 billion from the region since 2014," he said.
"The four border crossings in the region have been linked electronically to the federal government," Karim concluded.
 

[6ly410]

[NoviceInvestor]

3 hours ago, Fairways&Greens said:

Sounds like the committee is taking a draft and updating it with current agreements reached during meetings between Baghdad and Kurdistan; and the finalized law will come before parliament for a vote this session. 
 

If so, this is BIG NEWS!!!

How long does a “session”  of Parliament last in Iraq.?

Also a reminder that Ramadan begins 4 Weeks today.

[horsesoldier]

Well I guess I'm semi-officially excited ??

[BETTYBOOP]

Well... if they intend to pass it in this session , I think it needs to happen before Ramadan,  but I might be wrong. But I still say both together or within days

[Fairways&Greens]

56 minutes ago, NoviceInvestor said:

How long does a “session”  of Parliament last in Iraq.?

Also a reminder that Ramadan begins 4 Weeks today.

Not sure, but It will surely end before Ramadan. 

[edbeach]

21 minutes ago, Fairways&Greens said:

Not sure, but It will surely end before Ramadan. 

 

I seem to remember a session goes between 3 to 4 months

[WheresmyRV?]

2 hours ago, Pitcher said:

 

Swift to be implemented 

ISO 20022 goes Live March 20. 

HCL

 

It’s all coming together. 
 

Big Thank you to 6ly, Yota, and all the news warriors.  We’re getting closer.  

Now this is 100% pure excitement, thanks Pitcher! 

[screwball]

5 hours ago, BETTYBOOP said:

Confused.com  So they were forming a committee to draft this law and now they are calling for it to be sent to parliament???? Smoke n mirrors??? Did they finalise it on Sunday and this committee  is a delay until the budget is ready? Hhhhmmmm. 

possibly making amednements...but in MHO already done....they are waiting on something no doubt

[screwball]

2 hours ago, 6ly410 said:

and it was agreed in principle to determine the share of the region until the law is enacted, and we are optimistic about Prime Minister Mohamed Shia Al-Sudani and the political forces in approving the law."

interesting....

[screwball]

maybe when budget gets presented they will vote on oil law???? or soon after....are they waiting on swift full launch?

[screwball]

9 minutes ago, WheresmyRV? said:

Now this is 100% pure excitement, thanks Pitcher! 

yep....

[screwball]

2 hours ago, 6ly410 said:

and there is an agreement that the share of the region will be either 14% or 13.9%," pointing out that "if determined, it will not be sent until after the legislation of the oil and gas law

this was the amendment last time they agreed on 14%.......this was sticking point and we were waiting on final amendments, this says to me no new law needs to be draft amendment and put for vote.

[6ly410]

[screwball]

4 hours ago, 6ly410 said:

 

so now we wait for budget and bill presented together this week or next