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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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    The Parliamentary Economy Is “Dissatisfied” With The Lack Of Transparency In Kurdistan Oil Contracts

    Rocky
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    • Post n°1

    The Parliamentary Economy Is “Dissatisfied” With The Lack Of Transparency In Kurdistan Oil Contracts Empty The Parliamentary Economy Is “Dissatisfied” With The Lack Of Transparency In Kurdistan Oil Contracts

    Post by Rocky Mon 23 May 2022, 6:29 am

    [size=38]The Parliamentary Economy Is “Dissatisfied” With The Lack Of Transparency In Kurdistan Oil Contracts
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    LAST UPDATE 05/23/2022 | 9:24 AM
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    The Information/Baghdad…
    A member of the Parliamentary Economy and Industry Committee, Soran Omar, confirmed on Monday that there is clear resentment at the lack of transparency of oil contracts in the Kurdistan region of Iraq, noting that the partnership contracts between foreign companies and the region are threatened with termination by the International Court.
    Omar said in an interview seen by / the information /, that "the implementation of the decisions related to the Federal Court needs to form the next new government, because the current government does not have sufficient powers for this purpose, and we believe that the legislation of the oil and gas law in this electoral cycle is the only solution that represents a turning point." to solve the political and economic crises in the country.
    He added, "If the region delivers oil to the company (SOMO), its profits will be more than the present time, provided that its imports are transparent, as well as the adoption of the federal budget law and the guarantee of the right of the Kurds and the prescribed share of the region."
    He pointed out that "the oil contracts concluded by companies with the region must be reformulated again, because they were not at the required level, such as the contracts of the federal government," stressing that "the federal government and the regional government must find a common solution to serve the people and citizens, and that imports be transparent and clear."
    Omar explained, "Foreign oil companies have interests and partnerships with the region, and in the event of a crisis between the government and those companies in the region, the International Court in London is the one who decides the possibility of rescinding those contracts, and in this case these formulas and decisions will not be in favor of the Kurdistan region." And he indicated that "there is clear resentment at the lack of transparency of oil contracts in the region." finished/25
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