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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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    A senior Kurdish delegation in Baghdad to discuss the oil and gas law

    Rocky
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    A senior Kurdish delegation in Baghdad to discuss the oil and gas law Empty A senior Kurdish delegation in Baghdad to discuss the oil and gas law

    Post by Rocky Wed 02 Aug 2023, 3:52 am

    A senior Kurdish delegation in Baghdad to discuss the oil and gas law
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    Baghdad today - Baghdad
    Today, Wednesday (August 2, 2023), an informed source revealed that a high-ranking delegation from the Kurdistan Regional Government visited the capital, Baghdad, to discuss the oil and gas law.
    The source told "Baghdad Today": "A high-level delegation from the Kurdistan Regional Government will visit Baghdad today to discuss the oil and gas law." 
    The source, who preferred not to be named, indicated that "the delegation will be from officials in the Ministry of Natural Resources in the regional government," noting that "it will meet with officials in the Federal Ministry of Oil, and will hold multiple meetings with other leaders in the central government."
    And on (July 27, 2023), the Parliamentary Oil and Gas Committee revealed that the legislation of the oil and gas law in the House of Representatives is imminent, while confirming that it has priority in legislation after the approval of the budget law.
    Importance of oil and gas law 
    While the legal expert Ali Al-Tamimi stressed, on Wednesday (July 26, 2023), the importance of not violating the decisions of the Federal Court when moving towards approving the oil and gas law, especially since its decisions have become binding for implementation.
    Al-Tamimi explained to “Baghdad Today,” that “the draft oil and gas law consists of 53 articles, as it required the establishment of the Federal Oil Council, which is chaired by the Prime Minister and includes 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. The Iraqi people, and it undertakes setting petroleum policies, issuing instructions for implementing contracts, approving exploration, development and production, approving contracts concluded, and other terms of reference stipulated in the project.
    He added that “the signing of the contracts will 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. The first is that it be service contracts only, not participation." 
    And that “the law needs to be imposed on contracting companies to employ Iraqis exclusively, as self-producing countries do, and this is important, in addition to the issue of contracts prior to the legislation of the law, so it must be stipulated, and the problem with contracting companies other than the constitution and decisions of the Federal Court should be resolved according to the principle of joint management of the two parties, ie The federal government and the region, with the exclusive right to dispose of the federal government in accordance with Article 135 of the Civil Code, which states (whoever disposes of a property other than his, his disposition is dependent on the authorization of the owner). 
    He pointed out that "the 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, in addition to its need to stipulate the rest of the oil products, not just oil and gas." 
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