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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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    Concerns of a government challenge to the paragraph on the allocation of oil imports to citizens

    Rocky
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    • Post n°1

    Concerns of a government challenge to the paragraph on the allocation of oil imports to citizens Empty Concerns of a government challenge to the paragraph on the allocation of oil imports to citizens

    Post by Rocky Sun 11 Mar 2018, 4:55 am

    [rtl]Concerns of a government challenge to the paragraph on the allocation of oil imports to citizens[/rtl]

    [rtl] March 10, 2018 - 15:41 | Number of readings:   [/rtl]
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    [rtl]BAGHDAD - The Committee on oil and energy parliamentary, on Saturday, the eligibility of the Prime Minister to challenge the law of the National Oil Company on the paragraph to allocate 10% of oil imports to citizens, indicating that the appeal will restore oil differences to the first box .[/rtl]
    [rtl]Zahir al-Abadi, a member of the committee, said in a press statement that "the discussions on the law of the National Oil Company started from the previous session and continued throughout the current session because of the differences on them ."[/rtl]
    [rtl]He added that "the government has the right to appeal the law, especially on the provision of 10% of the oil imports to citizens," pointing out that "any government attempt to challenge the law will blow a lot of efforts and return the differences to zero ."[/rtl]
    [rtl]He pointed out that "the 10% variable and depends on the volume of oil exports to Iraq every year ."[/rtl]
    [rtl]The House of Representatives, voted last Monday on the law of the National Oil Company by a majority, which provided for the allocation of 10% of oil imports distributed in the form of bonds to citizens .[/rtl]
    [rtl]A member of the Committee on Oil and Energy parliamentary, last 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]The law of the National Oil Company will be implemented after six months of approval, according to Maja in one of his paragraphs .[/rtl]

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