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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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    Expert: Oil and gas law needs to include Federal Court decisions

    Rocky
    Rocky
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    • Post n°1

    Expert: Oil and gas law needs to include Federal Court decisions Empty Expert: Oil and gas law needs to include Federal Court decisions

    Post by Rocky Fri 24 Feb 2023, 4:41 am

    [size=45][size=41]Expert: Oil and gas law needs to include Federal Court decisions[/size]
     14 hours ago
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    The legal expert, Ali Al-Tamimi, stressed the importance of the oil and gas law including the decisions of the Federal Court, as they are final and binding decisions. 
    Al-Tamimi said in a press interview seen by “Takadam” that “the draft oil and gas law consists of 53 articles and required the establishment of the Federal Oil Council, which is chaired by the Prime Minister, and the membership of the Minister of Oil and Finance, the Governor of the Central Bank, a representative of the producing provinces and regions, and experts in oil, and taking into account the representation of components The Iraqi people, and it is the Council that sets petroleum policies, issues instructions for implementing contracts, approves exploration, development and production, approves contracts, and other terms of reference stipulated in the project. 
    He added, "The signing of the contracts shall be by the Federal Ministry of Oil, provided that it is approved by the Federal Oil Council within 3 months and referred to the Council, otherwise it is considered null and void." Or is it only service contracts, not participation? 
    And he indicated that “the law needs to be imposed on contracting companies to employ Iraqis exclusively, as self-producing countries do, and this is important. The federal and the region with the exclusive right to dispose of the federal government in accordance with Article 135 of the Civil Code, which says that whoever disposes of the property of others, his disposition is dependent on the permission of the owner. 
    He explained that “this law needs to explicitly stipulate the penalties that affect the parties that conclude contracts in violation of this law, as well as specifying the oversight bodies that have the right to view these contracts, and it needs to explicitly stipulate the rest of the oil products, not just oil and gas, in addition to that the draft law He needs to guarantee the decisions of the Federal Court, especially since these decisions are final and binding on all authorities in accordance with Article 94 of the Constitution.
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