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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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Abdul-Mahdi: the absence of an oil law to open the door of jurisprudence and Kurdistan were not accu

rocky
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Abdul-Mahdi: the absence of an oil law to open the door of jurisprudence and Kurdistan were not accu Empty Abdul-Mahdi: the absence of an oil law to open the door of jurisprudence and Kurdistan were not accu

Post by rocky Sat 06 Feb 2016, 1:39 pm

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Author: HH, MJ 
Editor: the AT, HH 6/2/2016 18:32Number of Views: 347 

 
 
 
Long-Presse / Baghdad
Confirmed Iraqi Oil Minister Adel Abdul-Mahdi, said on Saturday that failure to approve oil and gas law until now "open for interpretations," and caused the creation of Problems between the central government and the rest of the province, including the Kurdistan region, and while noting that the measures adopted by the Arbil in the management of oil " were not accurate ", he stressed the necessity of activating the national oil company for" exceeds the constitutional dilemmas in the petro-dollar law. "
Adel Abdul-Mahdi said during a seminar hosted by the progress of policy development institute with the participation of a number of economists and oil and attended (range Press), he said that "the absence of an oil law has caused a big gap is not on the federal government and the Kurdistan region level but also with all the provinces," stressing that "there is a need to enact oil and gas law, which we do not know when it will pass. "
He said Abdul-Mahdi, that "the law was referred to the advisers in the Cabinet was not up to the ministry so far," pointing out that "the government has tried to improve the relationship with the Kurdistan region in order to create to discuss and approve oil and gas law environment."
He said Abdul-Mahdi, that "the absence of law was born to have a lot of problems in Basra and the rest of the provinces," he said, adding that "each party interprets Article 111 of the Constitution, according to his vision and the benefits that can be Asthsalha."
Abdul-Mahdi said that "This is a great imbalance requires us things are coordinating even the law does not explain the fancies, especially since most of the provinces asks us to dig wells and set up refineries even though costs are high, in order to get the petro-dollar," stressing that "through the revival of the company national oil can we know the approved materials in the Constitution and move away from the problems and dilemmas. "
He stressed Abdul-Mahdi, "We can cross-company-owned companies and subsidiaries to be more flexible in the utility with the regions and the provinces, and we can distribute benefits and employment accurately than they are now according to the financial equation," explaining that "experience has shown today that what moved him Kurdistan was not quite accurate, and it was a great imbalance in oil production department, which is what might pave to sit down again with officials with the province, to arrange the issue of production and export. "
He said the oil minister that "all the steps the government was correct and a catalyst to resolve all the problems, can not be considered disabled workers," stressing that "there are actions unacceptable in relation to the export of oil has demanded Turkey and the Kurdistan region and international forums and we have established suits abroad to turn it off."
The Oil Ministry has called, in the 17th of December, 2014, to accelerate the legislation of the oil and gas law, to regulate the relationship between the federal and Kurdish governments and ensure the distribution of oil imports to the provinces produced nearly guarantee their rights, while new council in Basra claim involving the province's oil contracts file to ensure entitlements Finance and Administration, returned to the relationship with the Ministry of oil, "not organized" but draw oil policy on a joint basis and approve oil and gas law.

Quote
Article 111 of the Constitution states that “Oil and gas are owned by all the people of Iraq in all the regions and governorates” whilst Article 112 states that “The Federal Government, with the producing governorates and regional governments, shall undertake the management of oil and gas extracted from present fields, provided that it distributes its revenues in a fair manner in proportion to the population distribution in all parts of the country, specifying an allotment for a specified period for the damaged regions which were unjustly deprived of them by the former regime, and the regions that were damaged afterwards in a way that ensures balanced development in different areas of the country, and this shall be regulated by a law. The Federal Government, with the producing regional and governorate governments, shall together formulate the necessary strategic policies to develop the oil and gas wealth in a way that achieves the highest benefit to the Iraqi people using the most advanced techniques of the market principles and encouraging investment.
 


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