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The passage of the oil and gas revenues to the Kurdistan Region
4/1/15
Erbil acknowledged the Kurdistan Parliament, on Wednesday, the oil and gas revenue fund to the Kurdistan Region Law, winning 61 votes.
The fund oil and gas revenues, due to the Council of Ministers of the Kurdistan Region, and will be placed source of oil revenues from the Kurdistan Region which according to the law the legislature today. The law provides the allocation of two dollars for every barrel of the realms and districts oil producer. comprises Fund Authority six people, to be the ratification of the appointment of the Kurdistan Parliament, and has the task of the powers which documented the oil and gas revenues in the province of Kurdistan and checked with the help of international companies and organization Transparency Initiative and management of oil revenues in Kurdistan by investing in a range of investment areas that are identified by the Council of Ministers. The applicable provisions of the obtained financial imports by the Ministry of Natural Resources by the provisions of the oil and gas province of the law, as well as derived from the federal government relating to oil and gas derivatives, the financial revenues.
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4/1/15
Erbil acknowledged the Kurdistan Parliament, on Wednesday, the oil and gas revenue fund to the Kurdistan Region Law, winning 61 votes.
The fund oil and gas revenues, due to the Council of Ministers of the Kurdistan Region, and will be placed source of oil revenues from the Kurdistan Region which according to the law the legislature today. The law provides the allocation of two dollars for every barrel of the realms and districts oil producer. comprises Fund Authority six people, to be the ratification of the appointment of the Kurdistan Parliament, and has the task of the powers which documented the oil and gas revenues in the province of Kurdistan and checked with the help of international companies and organization Transparency Initiative and management of oil revenues in Kurdistan by investing in a range of investment areas that are identified by the Council of Ministers. The applicable provisions of the obtained financial imports by the Ministry of Natural Resources by the provisions of the oil and gas province of the law, as well as derived from the federal government relating to oil and gas derivatives, the financial revenues.
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