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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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    Warnings of an article in the budget causing the collapse of profitable companies in the Ministry of

    Rocky
    Rocky
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    Warnings of an article in the budget causing the collapse of profitable companies in the Ministry of Empty Warnings of an article in the budget causing the collapse of profitable companies in the Ministry of

    Post by Rocky Sun 11 Jun 2023, 4:25 am

    [rtl]Warnings of an article in the budget causing the collapse of profitable companies in the Ministry of Oil[/rtl]

    economy  ,  06/11/2023 11:08  , the number of readings: 159 
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    [rtl]Baghdad-Iraq Today:

    A source in the Ministry of Oil reviewed the real consequences that will result from Article 42 of the budget, if passed, related to the imposition of taxes and fees on oil derivatives, as he indicated that taxes and fees will turn a number of companies and institutions into loss-making companies and will cause a collapse in services that will extend to electricity.[/rtl]

    [rtl]The source said in a press interview, "There are opinions and statements that underestimate the importance and seriousness of Article 42 related to the imposition of taxes and fees on fuel, by promoting that employees of refineries and distribution companies are demonstrating because their incentives and profits will be affected," noting that "the issue is more serious than what is being discussed."[/rtl]
    [rtl]He added, "Imposing taxes and fees on fuel and raising the price of a barrel of oil sold to refineries will reduce the revenues of refinery and distribution companies. First, it will reduce the revenues of distribution companies, which in turn buy derivatives from refineries. Here, distribution companies will be unable to pay money to refinery companies, and refinery companies, in turn, will be unable About paying money to pipeline companies and gas filling companies.[/rtl]
    [rtl]He explained that "all these companies will eventually turn into losing companies, and the distribution companies will also be unable to provide the Ministry of Electricity and its stations with fuel and black oil because it is not possible to continue working and develop it in the event that it turns into losing companies, and therefore even electricity will collapse and all services will be absent from gas and other oil derivatives such as gasoline and oil." And kerosene."[/rtl]



    [rtl]He stressed that "after the transformation of these companies into losing companies and after the collapse of services, the government will present these companies to investors, and here the investor will demand the cancellation of the fees and taxes clauses in order to be able to sell fuel at the subsidized price, and in the event that it is not canceled, the investor will be able to raise the prices of fuel and derivatives to citizens because In the end, the investor wants to profit, and no investor can agree to invest in these companies if fuel prices are not raised, and here the citizen will have a choice between the collapse and absence of services or raising the prices of fuel and derivatives by double the currently subsidized price.[/rtl]


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