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Speaker calls for review of oil licensing rounds
economy Since 2017-04-02 at 10:15 (Baghdad time)
Baghdad Mawazine News
Speaker of the Parliament Salim al-Jubouri stressed on Sunday the need to abide by the review of licensing contracts, calling for the work of articles (111 and 112) in the Constitution on the management of oil and gas wealth.
Jubouri said during a speech at the Iraq Energy Forum, which was held today, and attended by "Mawazine News /" that "oil revenues still constitute the largest proportion of Iraq's revenues in hard currency," noting that "this in itself indicates the problem of unilateralism of the Iraqi economy, Iraq in front of dangerous turns. "
He added that "clear practical measures must be taken, such as the practical translation of articles 111 and 112 of the Constitution on the management of oil and gas wealth, as part of a package of legislation aimed at deepening the benefit of Iraq's wealth, Arrived at the House of Representatives and will be included on the table read the Council, in addition to the law of the distribution of national wealth, a set of legislation to confirm the usefulness of Iraq's wealth.
"The focus on the energy sector and the provision of the requirements of its administrative, legal and financial development will provide Iraq with revenues that can be used to expand the productive base that guarantees the diversification of the country's economy."
"Jubouri pointed out that" the House of Representatives did not spare any effort to legislate laws related to energy and transmitted by the government, "pointing out that" of these laws and the Ministry of Electricity and the Iraqi Atomic Energy Authority and exempting foreign companies and foreign subcontractors in the contracts rounds of licenses licenses, Investment for oil liquidation ".
He stressed "the need to comply with review of licensing contracts"
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economy Since 2017-04-02 at 10:15 (Baghdad time)
Baghdad Mawazine News
Speaker of the Parliament Salim al-Jubouri stressed on Sunday the need to abide by the review of licensing contracts, calling for the work of articles (111 and 112) in the Constitution on the management of oil and gas wealth.
Jubouri said during a speech at the Iraq Energy Forum, which was held today, and attended by "Mawazine News /" that "oil revenues still constitute the largest proportion of Iraq's revenues in hard currency," noting that "this in itself indicates the problem of unilateralism of the Iraqi economy, Iraq in front of dangerous turns. "
He added that "clear practical measures must be taken, such as the practical translation of articles 111 and 112 of the Constitution on the management of oil and gas wealth, as part of a package of legislation aimed at deepening the benefit of Iraq's wealth, Arrived at the House of Representatives and will be included on the table read the Council, in addition to the law of the distribution of national wealth, a set of legislation to confirm the usefulness of Iraq's wealth.
"The focus on the energy sector and the provision of the requirements of its administrative, legal and financial development will provide Iraq with revenues that can be used to expand the productive base that guarantees the diversification of the country's economy."
"Jubouri pointed out that" the House of Representatives did not spare any effort to legislate laws related to energy and transmitted by the government, "pointing out that" of these laws and the Ministry of Electricity and the Iraqi Atomic Energy Authority and exempting foreign companies and foreign subcontractors in the contracts rounds of licenses licenses, Investment for oil liquidation ".
He stressed "the need to comply with review of licensing contracts"
[You must be registered and logged in to see this link.]
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