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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

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    (Sumer News) published the details of the four funds listed in the law of the oil company

    Rocky
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    (Sumer News) published the details of the four funds listed in the law of the oil company Empty (Sumer News) published the details of the four funds listed in the law of the oil company

    Post by Rocky Fri 09 Mar 2018, 4:02 am

    [rtl](Sumer News) published the details of the four funds listed in the law of the oil company[/rtl]
    [rtl] 08 March 2018 - 11:42 | Number of readings: 961   [/rtl]
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    [rtl]BAGHDAD - A member of the Committee on oil and energy parliamentary, on Thursday, the allocation of four funds in the law of the National Oil Company passed by parliament last Monday, indicating that among these funds citizen fund.[/rtl]
    [rtl]Ibrahim Bahr al-Ulum said in a press statement that "the citizen fund guarantees the share of one share for each citizen of the profits of the company distributed equally, stressing that this is the beginning of the relationship of the citizen oil wealth, which was contained in the Iraqi Constitution in Article <111>, which states that oil and gas is Belongs to the Iraqi people in all regions and provinces. "[/rtl]
    [rtl]"The second fund is the generational fund that represents the interest of the country in its coming generations, because the oil is a depleted wealth," he said, adding that the fund saves a share to future generations of profits from financial returns in the form of guarantees.[/rtl]
    [rtl]Bahr al-Ulum pointed out that there is a great gain through the implementation of the law, is that the parliament and the government in the ongoing debate on reducing the rates of profits transferred to the last and directed to the four funds, which only named two of them, according to his statement, saying that this guidance gives the government mechanism To diversify their other economic resources and not rely entirely on oil revenues. "[/rtl]
    [rtl] He pointed out that the people under the law will tighten the control of the work of the company, as well as the restoration of the company's previous role as it was in the seventies of the last century.[/rtl]
    [rtl]The law of the National Oil Company will be implemented after six months of approval, according to Maja in one of his paragraphs.[/rtl]
    [rtl]On February 3, the House of Representatives voted on the draft budget bill for 2018 in full.[/rtl]
    [rtl]A parliamentary source said that "the House of Representatives and during its ordinary meeting, today, completed the vote on the draft budget law for the year 2018 in full."[/rtl]
    [rtl]Prime Minister Haider al-Abadi congratulated the Iraqi people for launching the general budget law for 2018, and called on all ministries, institutions and departments of the state to carry out their duties in the best way.[/rtl]
    [rtl]Al-Abbadi's office said in a statement that the last here is all the Iraqi people to launch the general budget law for 2018, and enable the government to carry out its responsibilities and implement its policies and development projects and service and its economic and social program and secure the rights and interests of citizens and salaries of employees throughout Iraq.[/rtl]

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