"Controversial points" between Baghdad and the region delay the approval of the oil and gas law

[Carrello]

Aloha, Laid Back! I am so happy to see you are safe and sound. 

 

I hope I didn't cause unneeded concern as I really thought you lived by the old Lahina airport. 

 

So glad to see you!

[Laid Back]

1 minute ago, bigwave said:

Good to hear....

Aloha 🌺🤙🏽🍹

[Half Crazy Runner]

2 hours ago, Laid Back said:

Aloha 🌺🤙🏽🍹

Glad you’re safe! Welcome back 👋🏻

[lmb4321]

Hope is well Laid Back....spent a few years in Lahaina back in the 90's....sad to see the town destroyed.......

[T B]

the 2 tier system is gonna crash!  all this evil is going to come to light! and all the devils plans will be destroyed! oh yes! then and only then will GOD get his praise that he deserves! and we will reap our harvest after all the drama!  im just a man! be blessed!

[gregp]

11 hours ago, Laid Back said:

Aloha 🌺🤙🏽🍹

Brother !!!

We’ve been so worried about you!

Aloha!

 

[Jaygo]

16 hours ago, Laid Back said:

Aloha 🌺🤙🏽🍹

Damnit @Laid Back me and your mother were worried sick!! Go to your room and think about what you have done!!! No computer or cell phone and that’s final! 

[psdon]

On 8/28/2023 at 5:40 PM, Laid Back said:

Aloha 🌺🤙🏽🍹

AND no pina coladas for you 

 

[lmb4321]

On 8/28/2023 at 2:40 PM, Laid Back said:

Aloha 🌺🤙🏽🍹

Aloha back to you......

Now let's get this HCL Passed soon.....so we can have the Funds to

really Help the People of Lahaina......🤙

[Carrello]

The HCL needs the rate.

The rate does not need the HCL.

 

[yota691]

{Oil and Gas}.. Postponed until further notice

The first  2023/08/31

 

 

 Baghdad: Shaima Rasheed

Many explain the reason for the delay in legislating the oil and gas law to the political dimension that is governed by consensus between the parties to the political process, while it is being relied upon that the law will be approved in the current parliamentary session if it is completed by the government.

A member of the Oil, Gas and Natural Resources Committee in the House of Representatives, Sabah Sobhi, told Al-Sabah: “The oil and gas law is still in the process of writing its draft, which is the first stage in enacting any law. This law needs a comprehensive political consensus, as it is a sensitive law.” It needs deep study and discussion by the political parties.

He added, "The law includes many dimensions, the most important of which is the economic dimension, which is the most important, because the enactment of this law leads to the restructuring of the Iraqi economy, and the second dimension is the legal one, because until now there is a legal vacuum with the existence of a constitutional article related to oil that requires the enactment of a law of its own."

And he continued, "As for the third dimension, it is political, given that the issue of the oil commodity is very important from a political point of view, as it is the main revenue on which the economy and the Iraqi state depend, because 90% of the country's budget depends on oil imports, so we need to legislate this law, and another after It is the technical dimension because oil is full of techniques from exploration until we reach sale, so we are in the process of enacting an important, complex, sensitive and fateful law for Iraq.

[yota691]

Oil and gas...a 'sensitive' law that has been postponed until further notice

2023.08.31 - 08:46

 

Baghdad - people  

Many explain the delay in enacting the oil and gas law to the political dimension, which is governed by consensus between the parties to the political process, while relying on the law being approved in the current parliamentary session if it is completed by the government.  

 

A member of the Oil, Gas and Natural Resources Committee in the House of Representatives, Sabah Sobhi, said in a statement to the official newspaper, followed by “NAS” (August 31, 2023), that “the oil and gas law is still in the process of writing its draft, and it is the first stage in enacting any law. The law requires a comprehensive political consensus, as it is a sensitive law that needs deep study and discussion by the political parties.”  

  

He added, "The law includes many dimensions, the most important of which is the economic dimension, which is the most important, because the enactment of this law leads to the restructuring of the Iraqi economy, and the second dimension is the legal one, because until now there is a legal vacuum with the existence of a constitutional article related to oil that requires the enactment of a law of its own."  

  

He continued, "As for the third dimension, it is political, given that the issue of the oil commodity is very important from a political point of view, as it is the main revenue on which the economy and the Iraqi state depend, because 90% of the country's budget depends on oil imports, so we need to legislate this law, and another after It is the technical dimension because oil is full of techniques from exploration until we reach sale, so we are in the process of enacting an important, complex, sensitive and fateful law for Iraq.  

[CSM (R) Thack]

3 hours ago, yota691 said:

Representatives, Sabah Sobhi, said in a statement to the official newspaper, followed by “NAS” (August 31, 2023), that “the oil and gas law is still in the process of writing its draft, and it is the first stage in enacting any law.

Draft…🤦🏻

[horsesoldier]

42 minutes ago, CSM (R) Thack said:

Draft…🤦🏻

Gas Draft - sure stinks to high heaven doesn't it. 

So much for " we're all agreement" as was stated not so long ago. 

Pathetic, utterly pathetic. Criminals win again: like they ever lose.

[yota691]

An expert summarizes 7 observations on the oil and gas law.. What about the central bank governor?

Economy _Today, 10:46 |

    

 

 

 

Baghdad today - Baghdad

Today, Friday (September 1, 2023), economist Nabil Al-Marsoumi made observations on the new version of the Oil and Gas Law, while noting that the new version is not much different from the previous two versions in 2007 and 2011.

 

Al-Marsawi stated in a post he posted on his personal account on the Facebook platform, which was followed by "Baghdad Today", that "the legislation of the oil and gas law was supposed to precede the establishment of the National Oil Company, and that the company's president would be represented in the Federal Oil and Gas Council."

 

Al-Marsoumi asked sarcastically, "Is there no need to involve the governor of the Central Bank in the Federal Oil and Gas Council?", noting that "the Iraqi legislator seems to have invested in the Federal Court's decision in February 2022, which considered oil and gas activity in the region illegal, as well as the decision of the International Trade Court in Paris." In March 2023, which prevented Kurdistan from using the Iraqi-Turkish line, which led to the cessation of the region’s oil exports, and this investment appears clear in the nature of the formation of the Federal Council that is dominated by the central authority and in the nature of the great powers enjoyed by the Federal Council for Oil and Gas in exchange for very limited powers for the region and the provinces non-regional producer.

 

And he continued, "There is a need for the law to include the principle of weighted voting in the Federal Oil and Gas Council according to certain criteria, such as having two or more votes for the governorate that produces more than one million barrels of equivalent per day."

 

And he continued, “Article 8 of the law states (the Federal Ministry of Oil shall manage the oil and gas-producing fields throughout Iraq in coordination with the producing region and governorates), and the explored and undeveloped fields, as well as the exploratory patches and how to manage them, were not addressed.”

 

Al-Marsoumi explained, “The law did not give any role to the region and the producing governorates that are not organized in a region in drawing up strategic policies related to the development of oil and gas, which contradicts Article 112 second of the Iraqi constitution, which states (the federal government and the governments of producing regions and governorates together draw up the necessary strategic policies.” To develop the wealth of oil and gas in a way that achieves the highest benefit for the Iraqi people, adopting the latest technologies, market principles and encouraging investment).

 

Al-Marsoumi concluded by saying, "The law did not include any article indicating how to deal with contractual obligations with foreign companies, especially the production-sharing contracts that it signed with Kurdistan 15 years ago, which are subject to mandated international arbitration in the event of breach of contractual obligations between foreign companies and the region."

[yota691]

A specialist makes 7 remarks related to the oil and gas law and points out several negatives

Sweeteners

2023-09-01 | 03:41

 

 

1,409 views

Alsumaria News - Economy

Economist Nabil Al-Marsoumi made today, Friday, seven preliminary observations about the third version of the oil and gas law for the year 2023, while pointing out several negative aspects related to the law.

 

Al-Marsoumi said in a post, followed by Alsumaria News, that "the new third version of the draft oil and gas law is not much different from the previous two versions in 2007 and 2011, and some observations can be made on the draft oil and gas law for the year 2023 as follows:

 

First: The legislation of the oil and gas law was supposed to precede the establishment of the national oil company, and that the president of the company should be represented in the Federal Oil and Gas Council.

Second: There is no need to involve the Governor of the Central Bank in the Federal Oil and Gas Council.

Third: It seems that the Iraqi legislator has taken advantage of the Federal Court’s decision in February 2022, which considered oil and gas activity in the region illegal, as well as the decision of the International Trade Court in Paris in March 2023, which prevented Kurdistan from using the Iraqi-Turkish line, which led to the cessation of the region’s oil exports. This investment is evident in the nature of the formation of the Federal Council, which is dominated by the central authority, and in the nature of the great powers enjoyed by the Federal Council for Oil and Gas, in exchange for very limited powers for the region and the producing provinces that are not organized in a region.

Fourth: The need for the law to include the principle of weighted voting in the Federal Oil and Gas Council according to certain criteria, such as having two or more votes for the governorate that produces more than one million barrels of equivalent per day.

Fifth: Article 8 of the law states that (the Federal Ministry of Oil shall manage the oil and gas producing fields throughout Iraq in coordination with the producing region and governorates), and the explored and undeveloped fields, as well as the exploratory patches and how to manage them, were not addressed.

Sixth: The law did not give an important role to the region and the producing governorates that are not organized into a region in drawing up strategic policies related to the development of oil and gas, which contradicts Article 112 second of the Iraqi constitution, which states (the federal government and the governments of the producing regions and governorates together draw up the necessary strategic policies for the development of oil wealth And gas in order to achieve the highest benefit for the Iraqi people, adopting the latest technologies, market principles and investment encouragement).

Seventh: The law did not include any article indicating how to deal with contractual obligations with foreign companies, especially the production-sharing contracts that it signed with Kurdistan 15 years ago, which are subject to mandated international arbitration in the event of breach of contractual obligations between foreign companies and the region.

[yota691]

A specialist makes 7 remarks related to the oil and gas law and points out several negatives

 

energy
   

Economy News _ Baghdad
Today, Friday, economist Nabil Al-Marsoumi made seven preliminary observations about the third edition of the Oil and Gas Law for the year 2023, while pointing out several negative aspects of the law.

Al-Marsoumi said in a post followed by "Al-Iqtisad News", that "the new third version of the draft oil and gas law does not differ much from the previous two versions in 2007 and 2011. Some observations can be made on the draft oil and gas law for the year 2023 as follows:

 

First: The legislation of the oil and gas law was supposed to precede the establishment of the national oil company, and that the president of the company should be represented in the Federal Oil and Gas Council.

 

Second: There is no need to involve the Governor of the Central Bank in the Federal Oil and Gas Council.

 

Third: It seems that the Iraqi legislator has taken advantage of the Federal Court’s decision in February 2022, which considered oil and gas activity in the region illegal, as well as the decision of the International Trade Court in Paris in March 2023, which prevented Kurdistan from using the Iraqi-Turkish line, which led to the cessation of the region’s oil exports. This investment is evident in the nature of the formation of the Federal Council, which is dominated by the central authority, and in the nature of the great powers enjoyed by the Federal Council for Oil and Gas, in exchange for very limited powers for the region and the producing provinces that are not organized in a region.

 

Fourth: The need for the law to include the principle of weighted voting in the Federal Oil and Gas Council according to certain criteria, such as having two or more votes for the governorate that produces more than one million barrels of equivalent per day.

 

Fifth: Article 8 of the law states that (the Federal Ministry of Oil shall manage the oil and gas producing fields throughout Iraq in coordination with the producing region and governorates), and the explored and undeveloped fields, as well as the exploratory patches and how to manage them, were not addressed.

 

Sixth: The law did not give an important role to the region and the producing governorates that are not organized into a region in drawing up strategic policies related to the development of oil and gas, which is inconsistent with Article 112 second of the Iraqi constitution, which states (the federal government and the governments of the producing regions and governorates together draw up the necessary strategic policies for the development of oil wealth And gas in order to achieve the highest benefit for the Iraqi people, adopting the latest technologies, market principles and investment encouragement).

 

Seventh: The law did not include any article indicating how to deal with contractual obligations with foreign companies, especially the production-sharing contracts that it signed with Kurdistan 15 years ago, which are subject to mandated international arbitration in the event of breach of contractual obligations between foreign companies and the region.

 

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Views 33

Added 09/01/2023 - 1:09 PM

[HowieC]

So the majority of years that Iraq had a respectable Dinar exchange rate......was the HCL also in force?  

[yota691]

5 differences between the center and the region will afflict the new draft oil law.. What are they?

economy |Today, 14:38 |

    

 

 

 

Baghdad today - Baghdad

Today, Sunday (September 3, 2023), economist Nabil Al-Marsoumi revealed 5 differences between the center and the region that may plague the new draft oil law.

 

Al-Marsoumi said, in a clarification received by "Baghdad Today", that "there are several differences between the center and the region that may plague the new draft oil law."

 

He added, "The first difference is represented by Article 5 of the new draft oil and gas law, which stipulates that the Federal Council shall be established under the chairmanship of the Prime Minister or whomever he authorizes, and includes in its membership each of the Federal Minister of Oil, the Federal Minister of Finance, the Federal Minister of Planning, the Governor of the Central Bank, the Minister of Natural Resources in the region, and the governors of Three oil-producing provinces that are not organized into a region and three experts.

 

He explained, "Decisions are taken by majority, while the region believes that the Federal Council for Oil and Gas should include in its membership both the federal government (ministers of oil, finance and planning) and the regional government (ministers of natural resources, finance and planning) and governors of oil-producing provinces that are not organized in a region. The presidency is in The council is rotating and decisions are taken unanimously.

 

Al-Marsoumi continued: “As for the second difference, it concerns (Article 8 First), which stipulates that the Federal Ministry of Oil shall manage the oil and gas-producing fields throughout Iraq in coordination with the region and the producing provinces. As for the vision of the region, it is summarized as follows: The federal government manages the oil and gas extracted from the fields. The current (which was extracted, developed, and commercially produced before the constitution expired in 2005) with the regional government and the producing governorates that are not organized in a region. commercial production after the expiry of the constitution).

 

And he added, “While the third disagreement is about Article 11 of the new draft oil law, as it states that the Federal Council is the one that gives approval to oil licensing contracts, while the region sees that it is the competent authority on exploration, development and production contracts or any other contracts with the contractor that The choice falls on him and does not require the approval of the Federal Council.

 

He pointed out that "the fourth difference is in Article 16 of the draft law, which stipulates that the ministry is the supreme authority responsible for the obligations of the contractors, while the region believes that the competent authority in the region is responsible for the obligations of the contractors in the contracting areas within the region, and the fifth difference is in the article 24 of the draft law that the main pipelines are owned by the federal government, while the region says that the federal government, the regional government, and the producing provinces establish and own pipelines to transport oil and gas.

 

He concluded by saying that "the sixth difference is that the new draft oil law did not include any article indicating the marketing of oil and the party responsible for it, but as is currently in force and confirmed by the Federal Court, the Ministry of Oil represented by SOMO is the only party responsible for marketing all Iraqi oil regardless of Its production site, while the region sees that the Federal Council sets marketing and sales policies, and the sale process is carried out by marketing companies belonging to the regional government or producing governorates that are not organized in a region.

[yota691]

Differences between the center and the region may plague the new draft oil law

Articles
   

Economy News-Baghdad
The economist, Nabil Al-Marsawi, confirmed that there are real differences between the center and the region that may plague the new draft oil law.

 

The expert summarized in a post seen by "Al-Iqtisad News", that "the first difference is stipulated in Article 5 of the new draft oil and gas law, provided that the Federal Council is established under the chairmanship of the Prime Minister or whoever authorizes him, and includes in its membership each of the Federal Minister of Oil, the Federal Minister of Finance and the Federal Minister of Planning." And the governor of the central bank and the minister of natural resources in the region and the governors of three oil-producing provinces that are not organized in a region and three experts.

 

He added, “Decisions are taken by majority, while the region believes that the Federal Council for Oil and Gas should include in its membership both the federal government (ministers of oil, finance and planning) and the regional government (ministers of natural resources, finance and planning) and the governors of oil-producing governorates that are not organized in a region.

 

The council is rotating and decisions are taken unanimously

And he continued, as for the second difference, the draft law stipulates in Article 8 first, which is that the Federal Ministry of Oil manages the oil and gas producing fields throughout Iraq in coordination with the producing region and provinces. As for the vision of the region, it is summarized as follows: The federal government manages the oil and gas extracted from the current fields (which were extracted, developed and commercially produced before the constitution ran out in 2005) with the regional government and the producing provinces that are not organized in a region.

 

 The government of the producing region or provinces shall have the authority concerned with managing oil and gas in the current and future fields (which are the fields from which oil and gas have been extracted, developed, and produced commercially after the constitution runs out).

 

And he added, “While the third difference is that Article 11 of the draft serious oil law stipulates that the Federal Council is the one that gives approval to oil licensing contracts, while the region sees that it is the competent authority on exploration, development and production contracts or any other contracts with the contractor who falls The choice is upon it, and this does not require the approval of the Federal Council.”

 

He continued by saying, “The fourth difference in Article 16 of the draft law is that the ministry is the supreme authority responsible for the obligations of the contractors, while the region believes that the competent authority in the region is responsible for the obligations of the contractors in the contracting areas within the region, while the fifth difference is in Article 24 of the draft law.” The law states that the main pipelines are owned by the federal government, while the region says that the federal government, the regional government, and the producing provinces establish and own pipelines to transport oil and gas.

 

He concluded by saying that “the sixth difference is that the new draft oil law did not include any article indicating the marketing of oil and the party responsible for it, but as is currently in force and confirmed by the Federal Court, the Ministry of Oil represented by SOMO is the only party responsible for marketing all Iraqi oil regardless of Its production site, while the region sees that the Federal Council sets marketing and sales policies, and the sale process is carried out by marketing companies belonging to the government of the region or the producing provinces that are not organized in a region.

 

 

 

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Views 94

Added 09/03/2023 - 1:14 PM

[yota691]

Erbil escalates the oil dispute by trying to seize imports from Kirkuk fields

Yesterday, 17:45

 

 

Al-Ghad Press/Exclusive

Today, Thursday, the Oil, Gas and Natural Resources Committee revealed “attempts” by the Kurdistan Regional Government to obtain Kirkuk oil imports within the draft oil and gas law.

Committee member Kazem Al-Touki said, in an interview with Al-Ghad Press, that “Kurdistan aspires to have Kirkuk oil included in the draft oil and gas law,” noting that “there is a committee formed by the Prime Minister and the State Administration Coalition in cooperation with the technical committees in the Ministry of Oil.” The oil-producing governorates are studying the draft law and making appropriate amendments to it .”

He added, "The controversial points regarding the law are political," noting that "the most prominent of them relate to oil wells in disputed areas and contract dues with companies located in the region ."

 It is noteworthy that Prime Minister Muhammad Shiaa Al-Sudani held a meeting last August to discuss the draft oil and gas law, directing the formation of a ministerial committee to supervise the technical dialogues related to the law.

Member of the Oil, Gas and Natural Resources Committee in the House of Representatives, Sabah Sobhi, stated earlier that the oil and gas law is still in the process of writing its draft, indicating that the law needs comprehensive political consensus, because it is a “sensitive” law that needs deep study and discussion by the political parties. .

[yota691]

 

Oil and gas are victims of the disputes between Erbil and Baghdad. The people’s wealth awaits distribution while the legislative table is far away

• Today 12:04

Information / Baghdad...

The Oil and Gas Law is still stagnating despite governmental and parliamentary talk about the existence of an active movement to agree to pass the Oil and Gas Law in a way that meets the ambitions of all governorates and the region, with the aim of distributing wealth fairly to everyone and guaranteeing the rights of the oil-producing governorates.

 

Parliamentary parties ruled out passing such a law due to the presence of many points of contention between various political parties regarding the law, in addition to the presence of Kurdish rejection of some paragraphs, which postpones the passage of the law for an indefinite period.

A member of the Parliamentary Oil and Gas Committee, Ali Al-Lami, told Al-Maalouma: “There is a vigorous movement to pass the oil and gas law in Parliament.”

• 

Al-Lami added, "The differences between the center and the region prevent us from achieving this goal at the present time."

He pointed out, "There are 13 points of contention between the center and the region, as well as the oil-producing governorates, and these represent the biggest obstacles to passing this law."

Al-Lami pointed out that "these points cannot be resolved at all, which confirms the impossibility of passing the law in its current form." 

On the other hand, former MP Jassim Muhammad Jaafar stated during his speech to “Al-Ma’louma” that “the negotiations regarding the oil and gas law will not reach any good stages.”

Jaafar added, "The Kurds had previously rejected the law in 2008 despite voting on it within the Council of Ministers and preparing it for passage in Parliament."

He pointed out that "it is impossible for the law to return again to be in the interest of the Kurds, who are demanding today a law that is in their interest, far from consensus or passing by a numerical majority within the House of Representatives."

• 

On the other hand, Ali Al-Zubaidi, a member of the Al-Fatah Alliance, confirmed to “Al-Ma’louma” that “Parliament may be embarking on heated discussions regarding the oil and gas law.”

He added, "There are some objections that often occur when trying to present the law," adding that "the aforementioned law has been postponed for a long time as a result of the escalation of the political differences surrounding it."

Al-Zubaidi stressed, “The law must be prepared correctly so that it is fair to everyone and makes the center the main driver of this law by distributing wealth to everyone without oppressing any governorate, whether in the region or outside it.” Ended 25 n

[yota691]

Victory Coalition: The region’s oil is known only to God and the Kurdistan Democratic Party

Yesterday, 19:01

 

Al-Ghad Press / Special  

Today, Monday, the Victory Coalition considered the region’s oil file “no one knows except God and the Kurdistan Democratic Party,” accusing Barzani’s party of seizing its imports.

 

Coalition member Aqeel Al-Rudaini said, in an interview with Al-Ghad Press, that “distributing wealth fairly among the governorates is considered one of the components upon which any state is based.”

 

He added, "The management of natural resources must be based on the Iraqi Constitution, Article 111, which states that oil and gas are the property of the Iraqi people," noting that "the aforementioned article does not stipulate that the Kurdistan Democratic Party controls the region's oil file," considering that it "is not aware of its imports." Except God."

 

He continued, "The regional government has an office and had previously contracted with Turkey to send the region's oil without the knowledge of the federal government," adding that "Kurdistan does not have oil to give to the federal government," describing the Kurdistan office as "large."

 

In a previous interview with Al-Ghad Press, a member of the Parliamentary Oil and Gas Committee, Kazem Al-Touki, revealed the “attempts” of the Kurdistan Regional Government to obtain Kirkuk oil imports within the draft oil and gas law.

 

[6ly410]

Parliamentary pressure to legislate the oil and gas law revealed

• Today 13:22

• Parliamentary pressure to legislate oil and gas law revealed | Information (almaalomah-me.translate.goog)

Information/Baghdad...A member of the Oil, Gas and Natural Resources Committee, Bassem Nghimish Al-Gharibawi, revealed on Tuesday that there is parliamentary pressure to legislate the oil and gas law within the House of Representatives.

 

Al-Gharibawi told Al-Maalouma that "there is a real intention among most political forces within the House of Representatives to legislate the law during the next semester.""There is a real will to legislate the law in a way that preserves justice in the distribution of wealth to the provinces producing oil and gas," he said.
He pointed out that "the country needs to legislate the oil and gas law to end the dispute over oil wealth between the center and the region," stressing "parliamentary pressure to legislate it during the next legislative term."The Fatah Alliance parliamentary bloc confirmed the existence of a comprehensive political consensus to pass the oil and gas law, indicating that the parliament is waiting for the government to complete the final draft of the law. Finished /25 h

[BETTYBOOP]

OK .... They will still be arguing 10 years from now. Rv the currency. Give purchasing power to the citizens and then you are free to argue till the cows come home if you wish

Edited September 26, 2023 by BETTYBOOP