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Council Basra to announce his intention to establish a body to manage the oil wealth of the province
Alsumaria News / Basra
Has announced the presidency of the Committee on Financial Supervision and follow-up assignments in the province of Basra , on Thursday, that the Board in connection with the formation of (Basra Oil Corporation) to undertake to negotiate on behalf of the local government with the federal government on management of oil wealth in the province. The Chairman of the Securities and Exchange Commission and the follow-up assignments Ahmed Sulaiti in an interview for "Alsumaria News", "The Committee submitted a formal proposal to the Presidency of the provincial council spends following urgent and quick steps to establish (Basra Oil Corporation)," noting that "the federal government as long as it acknowledged that the province Kurdistan is the owner of the exclusive right and absolute disposition of oil fortune, the Basra should be treated equally, and the new body will be after its formation the official representative of the local government to negotiate with the federal government on the province in the management and development of oil wealth rights and everything about them in terms of negotiation, management and contracting, marketing and quantitation produced ".
He Sulaiti, an independent politician and a leading cleric locally, that "the proposal has been talking about it with the presidency of the Council, held a meeting decides on Sunday in the presence of experts in the economy and the oil law proposed to discuss thoroughly, and then it will be to hold a hearing to vote on the establishment of the Authority by members of the provincial council in line with the Constitution and the law of the provinces No. 21 for the year 2008 average, "adding that" the Commission will draw upon when it was formed Iraqi and foreign personalities with experience in this area. "
The Chairman of the Securities and Exchange Commission and the follow-up assignments that "Basra want through the formation of the body to ensure that the oil rights and grab those rights rather than unsolicited from others, especially since the draft oil and gas law is unfair to maintain, and looks like a detailed for the benefit of the Kurdistan region," explaining that " The draft failed, and laughed at the chins, which only serve the region. "
It is noteworthy that Basra's oil industry center in Iraq , and the most important oil cities in the world, as it owns at least 59% of the reserves of Iraq's oil, and has the largest oil fields in Iraq, including crazy and Rumaila and West Qurna , and through the province exported most of Iraq's oil quantities -dependent state budget on the revenue is almost entirely exporting quantities of oil by tankers through the ports of al-Amaya and Basra (deep pristine previously), as well as three floating single platforms (tow and Giuor and Fayhaa), and pumping oil for the three platforms and new ports foes across the pipeline network extends under water and related storage warehouses located near the center of the coastal Faw overlooking the Gulf, and in spite of all this, the population of the province suffer badly from the collapse in services and severe housing crisis and the worsening of the phenomenon of unemployment.
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Alsumaria News / Basra
Has announced the presidency of the Committee on Financial Supervision and follow-up assignments in the province of Basra , on Thursday, that the Board in connection with the formation of (Basra Oil Corporation) to undertake to negotiate on behalf of the local government with the federal government on management of oil wealth in the province. The Chairman of the Securities and Exchange Commission and the follow-up assignments Ahmed Sulaiti in an interview for "Alsumaria News", "The Committee submitted a formal proposal to the Presidency of the provincial council spends following urgent and quick steps to establish (Basra Oil Corporation)," noting that "the federal government as long as it acknowledged that the province Kurdistan is the owner of the exclusive right and absolute disposition of oil fortune, the Basra should be treated equally, and the new body will be after its formation the official representative of the local government to negotiate with the federal government on the province in the management and development of oil wealth rights and everything about them in terms of negotiation, management and contracting, marketing and quantitation produced ".
He Sulaiti, an independent politician and a leading cleric locally, that "the proposal has been talking about it with the presidency of the Council, held a meeting decides on Sunday in the presence of experts in the economy and the oil law proposed to discuss thoroughly, and then it will be to hold a hearing to vote on the establishment of the Authority by members of the provincial council in line with the Constitution and the law of the provinces No. 21 for the year 2008 average, "adding that" the Commission will draw upon when it was formed Iraqi and foreign personalities with experience in this area. "
The Chairman of the Securities and Exchange Commission and the follow-up assignments that "Basra want through the formation of the body to ensure that the oil rights and grab those rights rather than unsolicited from others, especially since the draft oil and gas law is unfair to maintain, and looks like a detailed for the benefit of the Kurdistan region," explaining that " The draft failed, and laughed at the chins, which only serve the region. "
It is noteworthy that Basra's oil industry center in Iraq , and the most important oil cities in the world, as it owns at least 59% of the reserves of Iraq's oil, and has the largest oil fields in Iraq, including crazy and Rumaila and West Qurna , and through the province exported most of Iraq's oil quantities -dependent state budget on the revenue is almost entirely exporting quantities of oil by tankers through the ports of al-Amaya and Basra (deep pristine previously), as well as three floating single platforms (tow and Giuor and Fayhaa), and pumping oil for the three platforms and new ports foes across the pipeline network extends under water and related storage warehouses located near the center of the coastal Faw overlooking the Gulf, and in spite of all this, the population of the province suffer badly from the collapse in services and severe housing crisis and the worsening of the phenomenon of unemployment.
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