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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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    Oil Minister: We are going towards the literal implementation of the Federal Court's decision regard

    Rocky
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    Oil Minister: We are going towards the literal implementation of the Federal Court's decision regard Empty Oil Minister: We are going towards the literal implementation of the Federal Court's decision regard

    Post by Rocky Sun 08 May 2022, 10:02 am

    [size=46]Oil Minister: We are going towards the literal implementation of the Federal Court's decision regarding Kurdistan Region's oil[/size]
    Economie
    09:55 - 05-07-2022
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    The Iraqi Oil Minister, Ihsan Abdul-Jabbar, considered that the management of oil activity in the Kurdistan Region is "incorrect", while noting that the net revenues of the region do not exceed 50 percent of the value of the oil sold.

    Abdul Jabbar said during the meeting of the opinion body of the Ministry of Oil, that "more than (75) days of discussion and initiatives, and all Baghdad's attempts and flexibility in dealing with the region and the desire to bridge confidence have not achieved any result, and we are going towards the literal implementation of the Federal Court's decision regarding Kurdistan Region's oil. ".

    He added, "The Ministry of Oil and the Board of Directors of the National Oil Company must prepare to face the upcoming challenges in implementing the decision, and many arrows will go to the Ministry of Oil, stressing that the Iraqi National Oil Company will be responsible for managing the energy file internally, and the Ministry of Oil will be responsible for dealing with the Ministry of Finance and international bodies." and external.”

    The Minister of Oil said, "It seems that historical experiences have led to a rift in trust between the center and the partners in the region, but we are not responsible for this problem and we have tried to be as flexible as possible, stressing that starting to implement the provisions of the resolution does not mean cutting off the dialogue and we welcome the officials of the oil file." in the region if they wish to open the discussion again."

    He continued by saying: "The country's main resource is the Ministry of Oil, and it must be far from the mood and political interference in order to prevent the collapse of the country's economic system," explaining that "the Federal Court's decision came in an explanation of the provisions of the constitution and in line with the correct standards for managing the energy file and its application will lead to the protection of energy security in the state." Federalism and return things to a normal course, and we do not know what is the legal basis for a part of the country to export energy while another part of the country needs it, and this does not exist even in the old federal states. It is not fair to have dual dealings in the same country. All proceeds from the oil produced go to the general budget.

    The Minister of Oil explained, "Commercial activity is the basis for managing the energy file and not the desire to control the decision. We have confirmed to the region more than once that Baghdad has no desire to control the oil activity in the Kurdistan Region, but the government wants to regulate the oil activity and turn it into a real and clear commercial activity." and transparent, and we seek to lay the foundations of a strong federal state that manages its entire oil activity with a scientific standard management to achieve the highest returns with the most sustainable and lowest cost, and this is the main objective of the Iraqi National Oil Company.”
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