Jamal Al-Mahmoudawi calls for voting on the law of the National Oil Company and determining the rate

by **Rocky** Sun Mar 04, 2018 9:59 am

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Jamal Al-Mahmoudawi calls for voting on the law of the National Oil Company and determining the rate

by Rocky Sun Mar 04, 2018 9:59 am

Jamal Al-Mahmoudawi calls for voting on the law of the National Oil Company and determining the rate of 5% of its profits to citizens

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BAGHDAD / ... MP from the parliamentary bloc of beauty Jamal al-Muhammadawi, on Sunday, to accelerate the vote on the law of the National Oil Company, while stressing the importance of this law because it represents the best investment of 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 economic benefit for the Iraqi people.
Al-Mahmoudawi said in a statement received by "Iraq News" that " we record a set of observations on the draft law on the agenda of the House of Representatives today, and the first, Article (4) first stipulates that the national company to be headed by a ministerial degree. A deputy minister as in the origin of the law and not the degree of minister to reduce the special grades, which should be a general trend in the administrative policy of the country .
He added that "the draft law distributed the financial imports of the national company on the sections of which 90% share of the treasury of the federal state and the rest was distributed to sections of them (Citizen Fund) has determined the proportion distributed to all citizens residing in Iraq did not specify a certain percentage of imports, Of the profits distributed to citizens in the form of shares of equal value. "
He pointed out that "we propose to amend Article (1) paragraph first to be as follows: (and the center of the main company in Basra and have to open an administrative center in Baghdad) .
" Article (5) of the law requires the approval of the Council of Ministers with regard to the investment of national energy in Iraq .. While we emphasize the need to require the law approval of the House of Representatives, especially as Iraq has a bad experience with rounds of oil licenses approved by the Council The ministers at that time without taking representatives of the people so we propose to change the article or cancel it. "
"We reject the reference of the draft law to authorize the chairman of the board of directors of the company some of his duties to the president, which 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."

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