[size=36]Reducing the price of white oil... 6 decisions from the Ministerial Council for the Economy[/size]
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The Ministerial Council for the Economy decided, today, Monday, to reduce the price of supplying white oil to the governorates of Kurdistan.
The media office of the Ministerial Council for the Economy stated in a statement, received by Mawazine News, that “Deputy Prime Minister and Minister of Foreign Affairs Fouad Hussein chaired the thirty-sixth session of 2023 of the Ministerial Council for the Economy, in the presence of the Deputy Prime Minister and Minister of Planning, the Ministers of Finance, Trade, Agriculture, Industry, Labor and Social Affairs, and the Secretary General of the Council of Ministers, the Governor of the Central Bank, the Chairman of the National Investment Authority, the Prime Minister’s advisors for economic and legal affairs, and the Undersecretary of the Ministry of Oil.
The statement added, "The Council discussed the items on its agenda and took the appropriate decisions regarding them. The Council also hosted the Governor of Baghdad, to complete discussions on the two sewage projects for the Al-Nahrun and Saba Al-Bur regions, as the Council agreed to start these two important projects to advance the service reality of the areas on the outskirts of Baghdad."
The statement explained, “The Council, due to the onset of winter, decided to reduce the price of supplying white oil to the governorates of the Kurdistan Region, to be 250 dinars per liter instead of 500 dinars per liter.”
He continued: "The Council also decided to open the import of pharmaceutical preparations to manufacturing companies that exclusively own the trademark, provided that coordination is made with the Ministry of Industry regarding national product protection fees."
Regarding the principle of cumulative voting for joint-stock companies, the Council also decided to “choose the voting mechanism used to elect the boards of directors of companies for the General Assembly, and not to oblige companies to work on the principle of cumulative voting.”
He pointed out that "the Council decided to continue the Ministry of Oil's supply of liquid gas products to the plants that were designed on this basis," and the Council also approved "the exception of the Al Ammar Road Maintenance Project - Dhi Qar Oil Company from the controls on working with spare orders, in order to connect the company with the highway."