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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


    Optical: oil production ceiling is determined in accordance with the requirements of economic

    Rocky
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    Optical: oil production ceiling is determined in accordance with the requirements of economic Empty Optical: oil production ceiling is determined in accordance with the requirements of economic

    Post by Rocky Mon 03 Mar 2014, 6:55 am

    [size=12.66]Optical: oil production ceiling is determined in accordance with the requirements of economic



    3/3/2014 0:00

    He stressed that his law legislation and the establishment of a body to monitor imports optimal solution to the crisis
    BAGHDAD - Farah pumice While he was waiting to agree center and the region on the details of the general budget for the year 2014 and ending differences and their negative impact on the Iraqi economy, is still an option to speed up the enactment of the oil and gas imposes itself strongly as a permanent and definitive Problems with the establishment of a public body to monitor the allocation of federal revenues, according to what he sees Dean Iraqi Institute for Economic Reform, Dr. Kamal Al-Basri, who stressed that the greatest value of oil in the manufacture and are not produced, calling for a cap in accordance with the requirements of economic output.
    Economic impacts
    Illustrates the visual in an exclusive interview for the "morning" the economic effects of the dilemmas between the province and the center, which left their mark on the delay in the preparation and approval of the federal budget annually, and to stop the flow of oil through the region to Turkey, and the Kurdistan Regional Government (away from the knowledge of the federal government) in agreement with the Turkish government to extend an oil pipeline to transport oil (which is the prerogative of the federal government exclusively according to "Article 110"), it is one of the most prominent economic implications of the problem of unequal revenue per barrel, indicating that the provincial government has (away from the science of the federal government) signed more than 45 contracts for exploration and development , and the nature of the contracts involved in the production.
    He noted that the optical "The federal government believes that the lack of transparency of these contracts prevented the recognition and acceptance, and then pay the cost of extracting oil within these contracts (organization has supported the Extractive Industries Transparency fact its report, issued in 2013).
    The estimated production capacity of the fields of the region b (300) thousand barrels per day, according to the statement by the Minister of Natural Resources in Kurdistan, while the data region that provides the federal government indicate (175) thousand barrels per day, and therefore, there is a difference of $ 125 thousand barrels per day.
    Revenues mixed
    He Basri, said the practices of the province led and encouraged to claim producing provinces returns another called "petrodollar", pointing out that the acceptance of this it encourages other areas that have a public facility stations of the production of electric power, ports, military camps, the claim for compensation damage along the lines of the petro-dollar, especially Some provinces do not have public facilities, and then you get less revenue in contrast to the principle of the Constitution in the equitable distribution of oil revenues.
    Attract companies
    He noted that there are those who see the offset producing areas because of the negative effects achieved does not take into account the positive effects of the presence of companies exploration and production on the economics of producing provinces, pointing out that the presence of international oil companies have effects in attracting other companies service help, especially given that the effects of that reflected on employment The demand for local products.
    Control imports
    With regard to the reduction of the consequences of political, economic, urged optical rely on the enactment of the oil under which oil is considered sovereign wealth and industry strategy of the jurisdiction of the federal government mainly to cooperate with the provinces or regions in policy planning. Also called for activating the constitutional article (106) which states "established by law, a public body to monitor the allocation of federal revenues, and shall be composed of experts from the federal government and the regions, provinces and representatives." But on the subject of compensation for producing provinces, he stressed that he be compensated federally by estimating the extent of the damage or loss realized.
    Production ceiling
    The expert pointed out that the oil has a special place in Iraq is different from that for other countries, it is currently the main source of funding for reconstruction and development projects.
    Therefore it is necessary to run the oil by the government department resolute non-political blackmail by the parties, there may be excessive production under any pressure, even if they are international, stressing the need to determine the production ceiling requirements of the economic and in the light of the evolution of the production of alternative energy sources, especially as the oil key material to do a lot of petrochemical industries that could enhance the status of Iraq's industrial, agricultural and raise the global competitiveness of low abilities, as the value of the largest oil and not manufactured in its production.

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