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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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    Parliamentary Committee: The financial waste of the contract of the Arab Petroleum Company amounted

    Rocky
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    • Post n°1

    Deputy - Parliamentary Committee: The financial waste of the contract of the Arab Petroleum Company amounted Empty Parliamentary Committee: The financial waste of the contract of the Arab Petroleum Company amounted

    Post by Rocky Sat 15 Jun 2019, 7:08 am

    [size=36]Parliamentary Committee: The financial waste of the contract of the Arab Petroleum Company amounted to 460 billion dinars[/size]

    Economy | 02:42 - 15/06/2019

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    BAGHDAD - 
    The oil and energy committee in the House of Representatives, Saturday, that the financial waste of the Arab Petroleum Company's contract amounted to 460 billion dinars. 
    "At a time when we confirm our support for the construction of a fleet of Iraqi oil tankers and the restoration of the leading role of the Iraqi oil tankers in the field of transport of crude oil, which was practiced during the seventies and eighties of the last decade," said a member of the committee, Jamal Hamdawi.
    He added: "We would like to clarify that under the information and documents we obtained, we found that there was a waste of public money caused by the management of the current oil tanker company, estimated at billions of dinars due to discounts for the Arab Marine Oil Transport Company, Which is sold exclusively to this company without a competitor and as of (1 July 2017), we addressed a parliamentary question to the Minister of Oil in our letter No. 202 on 27 January 2019 for the purpose of verification of the subject and identify the responsible and the negligence that caused waste of public money. 
    He pointed out that "in the same regulatory context we addressed a parliamentary question to the President of the Office of Financial Supervision in our book 205 on January 30, 2019, in which we called for a check in the records of the Iraqi oil tankers to verify the existence of waste in public money on the contract of the Arab Maritime Transport Company on Same subject ".
    He continued: "For its part, the Iraqi Oil Tanker Company, pursuant to its No. 3643 (10 April 2019), responded to our parliamentary question, in which it agreed to change the formula for calculating the price of black oil exported and to give discounts in the sale of black oil to the Arab company, In the sale price of black oil for quantities sold to the Arab company compared to contracts that were concluded by the company carriers with other companies to sell this product before 1/7/2017.
    He pointed out that "the tanker company justified the reasons for reducing the selling price of the Arab company to an increase in the quantities sold to it (which amounted to 600 thousand tons per month). This is contrary to the conventional commercial concepts that increasing the quantities processed for companies means increasing profit margins, Which provides the company with the opportunity to achieve greater profits for its monopoly the process of trading in this article, especially that the Iraqi black oil is characterized by qualitative specifications, which makes it very desirable in international markets.
    He added: "The response of the Federal Financial Supervisory Bureau to confirm what we mentioned in the parliamentary question above, where the Federal Financial Control Bureau proved in his letter No. (10494) on (May 7, 2019) that the oil tanker company was given discounts and offset the calculation of the price of black oil, (Without any bidding) through the partnership contract between the said company and the tanker company in addition to granting the Arab company the right to determine the lowest price through the development of several ways to calculate the price. 
    "These measures have led to a reduction in the price of the sale of black oil to the Arab company by 58 dollars per tonne (compared to previous contracts) and waste in public money by reducing the revenues of the state achieved from this activity, With the following:
    First: Grant a discount (13 dollars per ton) to the Arab company entitled Storage and unloading fees, while this discount was not awarded in the previous contracts 
    Second: In the contract of the Arab company, the formula for calculating the selling price was changed to be (monthly average price of fuel oil) (Monthly average price of oil for black + monthly rate of bunker price) \ 2, which led to a reduction in price by (15 dollars per ton) 
    Third: No fixed sale price in the Arab contract and give several ways to calculate the price Or the following month or five days before and after the day of loading) where the SAI noted through the Accurate sales in 2018 that is selected the lowest price for the Arab company, where we indicated through the information provided by the debt in his book in this regard that the amount of reduction amounted to (29 dollars per ton).
    He pointed out that "the oil tanker company has shown that the above discount was granted on the basis of the approval of the previous administration of the Ministry of Oil on the recommendations of the Board of Directors in the fifth session of 2018 and under the company's book No. 185 on 15/5/2018. 

    He added that according to the information provided and based on the report of the Office of Financial Supervision, which proved the waste of public funds up to (460 billion Iraqi dinars) according to the export rates of 600 thousand tons per month and based on the facts and between them and from the position of responsibility in the exercise of our supervisory role according to We call on the Prime Minister (Chairman of the Supreme Council for Combating Corruption) and the Deputy Prime Minister for Energy to take the following actions:
    First: The Ministry of Oil to stop the oil tankers from the practice of exporting black oil, which has caused loss and waste in public money estimated (460 billion Iraqi dinars) for the reduction and discounts in the Arab Petroleum Company without any standards or controls, which is a clear violation of what is stated In the book of the Secretariat of the Council of Ministers / Legal Department No. 22440 on 26/6/2018, which includes that the oil marketing company is the window oil and gas and the marketing of petroleum products out of Iraq exclusively 
    Second: conducted an investigation to determine the responsibility of the previous administration of the Ministry of Oil in the waste of public money caused by Management of Nakilat (460 billion Iraqi dinars) for reductions and discounts granted to Arab Petroleum Company without any criteria or controls.


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    • Post n°2

    Deputy - Parliamentary Committee: The financial waste of the contract of the Arab Petroleum Company amounted Empty Parliamentary oil reveals a waste of 460 billion Iraqi dinars

    Post by Rocky Sat 15 Jun 2019, 7:23 am

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    Parliamentary oil reveals a waste of 460 billion Iraqi dinars



     




    2019/06/15 06:18:55

    [rtl]A member of the Committee of Oil and Energy parliamentary Jamal Jamalawi, on Saturday, the waste of public money amounted to 460 billion dinars.[/rtl]
    [rtl]"At a time when we confirm our support for the construction of a fleet of Iraqi oil tankers and the return of the leading role of the Iraqi oil tankers in the field of crude oil transport, which he practiced during the seventies and eighties of the last decade we would like to make it clear that under the information and documents we obtained, There is a waste of public money caused by the management of the current oil tanker company, estimated at billions of dinars, because of discounts for the Arab Maritime Oil Transport Company, which led to a reduction in the price of the exported fuel oil product, which is sold exclusively to this company without a competitor and from 1 July 2 017), as we addressed a parliamentary question to the Minister of Oil in our letter number 202 on 27 January 2019 for the purpose of verification of the subject and identify the responsible and the lack of which caused the waste of public money.[/rtl]
    [rtl]In the same regulatory context, we addressed a parliamentary question to the Head of the Financial Control Bureau in our letter 205 on January 30, 2019, in which we called for an audit of the records of the Iraqi oil tanker company to verify the waste of public money on the Arab Maritime Transport Company's contract on the same subject.[/rtl]
    [rtl]On April 10, 2019, the Iraqi Oil Tankers Company responded to our parliamentary question, in which it agreed to change the formula for calculating the price of black oil exported and to give discounts in the sale of black oil to the Arab company, which led to a reduction in the price of selling black oil Of the quantities sold to the Arab Company in comparison to the contracts that were signed by the tanker company with other companies to sell this product before 1/7/2017[/rtl]
    [rtl]For its part, the company justified the reasons for reducing the selling price of the Arab company to an increase in the quantities sold to it (which reached 600 thousand tons per month). This is contrary to the conventional commercial concepts that increasing the quantities processed for companies means increasing profit margins, Black oil exclusively for the Arab company (without rival), which provides the company the opportunity to achieve greater profits for its monopoly trading in this article, especially that the Iraqi black oil has the specifications of quality, which makes it very desirable in the global markets.[/rtl]
    [rtl]In response to the Federal Audit Bureau's response to confirm the above mentioned parliamentary question, the Federal Financial Control Bureau (10494) confirmed on May 7, 2019 that the oil tanker company was granted discounts and offset the calculation of the price of black oil, which is sold exclusively to the company (Without any bidding) through the partnership contract between the said company and the tanker company in addition to granting the Arab company the right to determine the lowest price by setting several methods to calculate the price, these actions resulted in reducing the sale price of black oil to the Arab company by 58 dollars Per ton Contracts that preceded it) and waste of public money by reducing state revenues derived from this activity, which is estimated as between the Court in writing the details of this reduction as follows:[/rtl]
    [rtl]First: Grant a discount (13 dollars per ton) to the Arab company entitled Storage and unloading fees, while this discount was not granted in previous contracts[/rtl]
    [rtl]Second: In the contract of the Arab company, the formula for calculating the selling price was changed to be the monthly rate of the fuel oil instead of the formula used by the oil tanker company in the previous contracts (monthly rate of oil price for black + monthly rate of bunker) Price by ($ 15 per ton)[/rtl]
    [rtl]Thirdly: No fixed selling price is specified in the Arab contract and several methods are given to calculate the price (the rate of the loading month or the following month or five days before and after the loading day). Through the information provided by the debt in his book in this regard that the amount of reduction amounted to (29 dollars per ton).[/rtl]
    [rtl]It should also be noted that the oil tanker company indicated that the above discount was granted on the basis of the approval of the previous administration of the Ministry of Oil on the recommendations of the Board of Directors of the company in the fifth session of 2018 and under the company's book No. 185 on 15/5/2018[/rtl]
    [rtl]According to the information provided and based on the report of the Office of Financial Supervision, which proved the waste of public funds up to (460 billion Iraqi dinars) under the export rates of 600 thousand tons per month and based on the facts that they set out from the position of responsibility in the exercise of our supervisory role in accordance with the Prime Minister (Chairman of the Supreme Council for Combating Corruption) and Deputy Prime Minister for Energy Affairs to take the following measures:[/rtl]
    [rtl]First: The Ministry of Oil to stop the oil tankers from the practice of exporting black oil, which has caused loss and waste in public money estimated (460 billion Iraqi dinars) for the reduction and discounts in the Arab Petroleum Company without any standards or controls, which is a clear violation of what is stated In the Cabinet Secretariat / Legal Department No. 22440 dated 26/6/2018, which includes that the oil marketing company is the window of oil and gas and the marketing of petroleum products out of Iraq exclusively[/rtl]
    [rtl]Second: an investigation to determine the responsibility of the former administration of the Ministry of Oil in the waste of public money caused by the management of the oil tanker company, which is estimated (460 billion Iraqi dinars) and the reduction and discounts in the Arab Petroleum Company without any criteria or controls.[/rtl]
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    • Post n°3

    Deputy - Parliamentary Committee: The financial waste of the contract of the Arab Petroleum Company amounted Empty Deputy: Financial waste in the contract of the Arab Petroleum Company amounted to 460 billion dinars

    Post by Rocky Sat 15 Jun 2019, 7:39 am

    [size=35][size=35]Deputy: Financial waste in the contract of the Arab Petroleum Company amounted to 460 billion dinars[/size]
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    Economie

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    2019-06-15 07:13
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    [size=18]A member of the Oil and Energy Committee parliamentary Jamal Jamalawi, on Saturday, the existence of a waste of 460 billion dinars of debt in the contract of the Arab Petroleum Company, demanding Abdul Mahdi and Alghdban ​​to stop the oil tankers from the practice of exporting black oil and conduct an investigation of the waste.


    "At a time when we confirm our support for the construction of a fleet of Iraqi oil tankers and the restoration of the leading role of the Iraqi oil tankers in the field of crude oil transport, which was practiced during the seventies and eighties of the last decade, we would like to make it clear that under The information and documents we obtained indicate that there was a waste of public money caused by the management of the current oil tanker company in the amount of billions of dinars due to the granting of discounts to the Arab Maritime Oil Transport Company, which led to a reduction in the price of the exported fuel oil product, which is sold exclusively for this The company without a competitor from (1 July 2017), as we send out the question of parliament to the Minister of Oil Bektabna a number 202 dated 27 / January / 2019 for the purpose of verification of the subject and to determine who is responsible and Shortened that caused the waste of public money. "






    "In the same regulatory context, we addressed a parliamentary question to the head of the Financial Control Bureau in our letter 205 on January 30, 2019, in which we called for an audit of the records of the Iraqi oil tanker company to verify the waste of public money on the contract of the Arab Maritime Transport Company on the same subject On April 10, 2019, the Iraqi Oil Tankers Company replied to our parliamentary question, in which it agreed to change the formula for calculating the price of black oil exported and to grant discounts in the contract for the sale of black oil to the Arab company, Selling price of black oil to quantify Which is sold to the Arab company compared to contracts that were entered into by the tanker company with other companies to sell this product before the date of 07.01.2017. "2

    For its part, the company justified the reasons for reducing the selling price of the Arab company to an increase in the quantities sold to it (which reached 600 thousand tons per month). This is contrary to the conventional commercial concepts that increasing the quantities processed for companies means increasing profit margins, The black oil exclusively for the Arab company (without rival), which provides the company the opportunity to achieve greater profits for the monopoly of the process of trading in this article, especially that the Iraqi black oil is characterized by qualitative specifications, which makes it very desirable in the world markets, while the response of the Federal Audit Office to confirm what is mentioned (10494) on 7 May 2019 that the oil tanker company was given discounts and changed the formula of calculating the price of black oil, which is sold exclusively to the Arab Petroleum Transmission Company (without any bid) Through a partnership contract between the said company and the tanker company

    He explained that the book of the Diwan is "granting a discount (13 dollars per ton) to the Arab company entitled Storage and unloading fees, while this discount was not awarded in previous contracts. In the contract of the Arab company, the formula for calculating the selling price was changed to be (monthly average price of fuel oil) (Monthly rate of oil for black + monthly rate of bunker price), which led to a reduction of the price by (15 dollars per ton), and not to set a definitive sale price in the Arab contract and give several ways to calculate the price Rate of download month, month following or five days before and after download day) Diwan through sales audit in 2018 that are selected at least the price of Arab company where we identified the information through the debt in his book cited in this regard was that the amount of reduction (29 dollars per ton). "

    "It should also be noted that the oil tanker company indicated that the above discount was granted on the basis of the approval of the previous administration of the Ministry of Oil on the recommendations of the Board of Directors of the company in the fifth session 2018 and under the company's book No. 185 on 15/5/2018, According to the report of the Office of Financial Supervision, which proved the waste of public funds up to (460 billion Iraqi dinars) under the export rates of 600 thousand tons per month, "and called on the Prime Minister and Chairman of the Supreme Council for Corruption and Deputy Prime Minister for Energy to take the following actions, The Ministry of Oil to stop the carrier Oil revenues from the black oil export activity, which caused a loss and waste of public money (460 billion Iraqi dinars) for the reduction and discounts granted to the [url=https://www.alsumaria.tv/Entity/3052870264/%D8%A7%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9 %D9%84%D9%84%D8%A8%D8%AA%D8%B1%D9%88%D9%84/ar/]Arab Petroleum Company[/url]Without any standards or controls, which is a clear violation of what is stated in the Cabinet Secretariat / Legal Department No. 22440 on 26/6/2018, which includes the oil marketing company is the window oil and gas and marketing of petroleum products outside of [You must be registered and logged in to see this link.]exclusively, and conduct an investigation to determine the responsibility of the administration The former oil ministry in the waste of public money caused by the management of the oil tanker company, which is estimated (460 billion Iraqi dinars) and the reduction and discounts in the [url=https://www.alsumaria.tv/Entity/3052870264/%D8%A7%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9 %D9%84%D9%84%D8%A8%D8%AA%D8%B1%D9%88%D9%84/ar/]Arab Petroleum Company[/url] without any criteria or controls.


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    Deputy - Parliamentary Committee: The financial waste of the contract of the Arab Petroleum Company amounted Empty Re: Parliamentary Committee: The financial waste of the contract of the Arab Petroleum Company amounted

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