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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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Al-Mahmoudawi calls for voting on the law of the National Oil Company

rocky
rocky
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 Al-Mahmoudawi calls for voting on the law of the National Oil Company Empty Al-Mahmoudawi calls for voting on the law of the National Oil Company

Post by rocky Sun 04 Mar 2018, 6:41 am

[ltr]Al-Mahmoudawi calls for voting on the law of the National Oil Company[/ltr]
[ltr]Economie[/ltr]
 Since 2018-03-04 at 12:31 (Baghdad time)
[ltr][You must be registered and logged in to see this image.][/ltr]
[ltr]Baghdad Mawazine News[/ltr]
[ltr]A member of the Committee on oil and energy parliamentary Jamal al-Muhammadawi vote on the law of the National Oil Company and determine the proportion of 5% of the profits of citizens, as Parliament seeks to vote on the law after dismantling the code of the law of oil and gas to three stations and joints, including the law of the National Oil Company.[/ltr]
[ltr]"We must expedite voting on the law of the National Oil Company," Al-Hamdawi told Mawazine News on Sunday.[/ltr]
[ltr]"We emphasize the importance of this law because it represents the best investment of the national wealth of oil and gas and rehabilitation of the sectors of production and development of fields and marketing and all related activities to ensure higher financial returns and achieve economic benefit for the Iraqi people."[/ltr]
[ltr]The member of the Committee on oil and energy parliamentary comments on the law on the agenda of the House of Representatives today.[/ltr]
[ltr]He pointed out that Article (4) first stipulates that the National Company shall be headed by an employee with the rank of Minister. "We propose to be Deputy Minister, as in the origin of the law and not to the rank of Minister.[/ltr]
[ltr]"It should be a general trend in the country's administrative politics," he said.[/ltr]
[ltr]He said that the law does not include a clear percentage of citizens. "The draft law distributed the financial revenues of the national company to sections, including 90 percent of the treasury of the federal state, and distributed the rest to sections of them.[/ltr]
[ltr]"We did not specify a certain percentage of imports," he said. "We propose that the ratio of 5% of the profits to be distributed to citizens in the form of shares of equal value."[/ltr]
[ltr]He also proposed to amend Article (1) paragraph first to be in accordance with the text that confirms that "the center of the main company in Basra and to open an administrative center in Baghdad,".[/ltr]
[ltr]On the requirement of Article (5) of the law, the approval of the Council of Ministers regarding the investment of national energy in Iraq, he stressed on the need to "the law requires the approval of the House of Representatives, especially as Iraq has a bad experience with the rounds of oil licenses that were approved by the Council of Ministers at that time without taking Representatives of the people so we propose to change the article or cancel it. "[/ltr]
[ltr]He rejected the bill's reference to authorizing the chairman of the board of directors of some of his duties to their president, saying that "this allows and opens room for the dominance of the chairman of the board of directors as well as it will open the door for manipulation of public money away from censorship."[/ltr]
[ltr]The Iraqi government has resorted to the fragmentation and dismantling of the law of oil and gas to several laws in the next phase to avoid all the differences that delayed the adoption of this law over three consecutive parliamentary sessions.[/ltr]
[ltr]The new government plan came into effect with the National Oil Company's law passed to the parliament it plans to vote on.[/ltr]
[ltr]The oil and gas law is based on three main elements, namely the formation of the National Oil Company, the establishment of the Federal Oil Council, and the establishment of a mechanism to deal with international oil companies working in oil production in Iraq. The current oil and energy committee sought to find solutions to facilitate the passage of this law Khalafi after the development of each of these three elements of a special law to distribute the management of the oil file in a consensual and constitutional.[/ltr]
[ltr]is over[/ltr]
[ltr]M[/ltr]


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