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


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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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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Parliamentary energy on the formation of the National Oil Company: shares will be distributed to the

    Rocky
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    Parliamentary energy on the formation of the National Oil Company: shares will be distributed to the Empty Parliamentary energy on the formation of the National Oil Company: shares will be distributed to the

    Post by Rocky Tue 06 Mar 2018, 6:45 am

    Parliamentary energy on the formation of the National Oil Company: shares will be distributed to the Iraqi people
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    BAGHDAD / The parliamentary energy committee on Tuesday described the legislation of the Iraqi National Oil Company as a major achievement for the House of Representatives, which re-established the law of forming the company that was canceled by personal decisions of the former regime in 1987 after there was Law No. 123 of 1967, And its subordination to the Ministry of Oil.
    "After 2004, the Oil Ministry and its former minister, Ibrahim Bahr al-Ulum, tried to reactivate the National Oil Company's law, but those efforts were met with opposition from some," Ali al-Bahadli, chairman of the parliamentary oil committee, told a joint news conference with the committee members.
    He added that "the law and after the efforts and discussions and workshops lasted for several months has seen the light, where will work to activate investment in refineries and the gas industry and all the goals set for the success of the work of the company can be achieved through several objectives and means in investment and exploration of new structures and activate investment under the mechanisms and scientific foundations And technical, "pointing out that" some understand that the company has powers higher than what some expect, but really draws its work and powers of the Constitution, the arm of the Ministry of Oil, which draws oil policies of the country and the company is working to implement those policies. "
    Al-Bahadli pointed out that "the company for the first time has achieved a great achievement for the Iraqi people through the formation of four funds, which will be deducted at least 10% of revenues to be distributed to those funds," explaining that "the first fund will be to support the capital of the company and the second is the citizen fund, The wealth of the country to the Iraqi people, where allocated shares for every Iraqi citizen resident within Iraq and put a mechanism to hand over those amounts in addition to mechanisms to prevent the provinces that do not deliver oil quotas to the federal government.
    He added that "the third fund is a generation fund, which will work the government to develop mechanisms to develop allocations for those generations, while the fourth fund is to support the oil-producing provinces," stressing that "these percentages will be distributed in accordance with instructions to be placed within the rules of procedure of the company." Finished


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