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Extractive industries and revenues on the table
23/10/2016 0:00
[rtl]BAGHDAD / Hussein Tgb
the reality of work in the Gaza Rating (oil and gas) was the subject of a workshop to Transparency Initiative extractive industries in order to create able to assess this sector and follow - up tracks the financial resources that are the result of the export of this wealth of local expertise.
Economic expert on behalf of Antoine described the event task when civil society isfollowing the reality of oil and gas revenues and the various revenues, as follows from international companies and the government and the offices of international scrutiny ,and knows a move most importantly where the money goes and the extent of their contribution to the development process and build the foundations of a healthy economy or on the contrary?
capital investment
and pointed to the importance of that revenue contribute to reducing the incidence ofpoverty and tackling unemployment, indicating the presence of TI diverse formations in Iraq , and the contribution of important departments, economists and global association and affiliation Iraq since 2010 will give a voice extra demanding and clicking on thedecision - makers to employ the funds in the paths serving sustainable development.
and includes the extractive Industries transparency initiative countries exporting oil and gas , with the exception of some of the Gulf States, and aims to follow up the reality of the extractive industries including oil and gas in all its stages and then the financial proceeds and how it is spent.
He noted that the participation rate of economists in this workshop acceptable and enriched paragraphs lot of important information that is required for future work mechanisms , pointing out that he has the Iraqi parliament demanding the enactment oflaws to the initiative of transparency in extractive industries.
smooth flow of revenue
either representative of the international initiative extractive industries transparency Pablo Valverdih has reviewed the work of TI and its aims to find out the flow of revenue and the extent to which the economic viability of the exporting countries of crude oil.
and that initiative focuses on all the links in the extractive industry at all stages and kinds, particularly oil and gas , which promise the most important wealth around theglobe to achieve substantial financial resources of the oil countries.
He pointed out that the initiative relies style investigation of the operations pertaining toactivity in the oil sector, also contributes to determine the evolution in this vital joint.
chairman of transparency initiative in the extractive industries Alaa Muhyiddin said the"morning": that this initiative comes to reevaluate Iraq , where this process is "attend transparency initiative" every three years for states to members of the initiative by theinternational initiative, noting that the goal of the workshop to increase local expertise and raise their level in the field of extractive process evaluation in accordance withinternational standards.
oil contracts
either representative of natural materials governance Institute Mohammed Karkukli between the transparency initiative in the extractive industries are concentrated on theanalysis of all the information stand at the oil contracts and the importance ofdissemination and the challenges facing this
matter.
Karkukli said: the most important achievements of this workshop is to reciprocal convictions between members of the House of Representatives in the oil and gas committee and members of transparency on the issuance of special legislation regulating the work of the extractive industries transparency initiative initiative in Iraq reached.[/rtl]
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