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Kurdistan Parliament approves oil imports Fund Law
THU, APRIL 2 / APRIL 2015 00:17 P B / M P
Twilight News / honest Kurdistan Parliament on oil imports fund law in the province after a political agreement was before Eid Nowruz holiday about who will manage the fund.
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The session began with a discussion of Article 11 of the draft law and Article 12, which states that the fund will be under the control of the Kurdistan Parliament and the Office of Financial Supervision in the region and after extensive discussions between the members of parliament were added several paragraphs of the article, such as allocating a percentage of imports of social security, development and the development of the agriculture sector and determine the amount of $ 2 for every barrel of the districts and sub-districts of oil-producing and voted unanimously to article.
On the subjects of 13 and 14 of the law and private final verdicts that the Council of Ministers shall internal system to facilitate the implementation of its provisions, as well as determine the administrative structure of the fund in coordination and consultation with the Council of the province for oil and gas in the region that does not exceed 45 days and not from the date of the founding of the body.
And then has to ratify the other articles of the law and the reasons for his chest unanimously.
The Circo Cevdet Chairman of the Commission on oil and gas in the Kurdistan Parliament told Twilight News "This is a very important law and a step toward granting the transparency of the oil sector and dispel doubts about the sector and knowledge of imports of this sector is important and vital in the region."
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THU, APRIL 2 / APRIL 2015 00:17 P B / M P
Twilight News / honest Kurdistan Parliament on oil imports fund law in the province after a political agreement was before Eid Nowruz holiday about who will manage the fund.
0230302%20copy.jpg
The session began with a discussion of Article 11 of the draft law and Article 12, which states that the fund will be under the control of the Kurdistan Parliament and the Office of Financial Supervision in the region and after extensive discussions between the members of parliament were added several paragraphs of the article, such as allocating a percentage of imports of social security, development and the development of the agriculture sector and determine the amount of $ 2 for every barrel of the districts and sub-districts of oil-producing and voted unanimously to article.
On the subjects of 13 and 14 of the law and private final verdicts that the Council of Ministers shall internal system to facilitate the implementation of its provisions, as well as determine the administrative structure of the fund in coordination and consultation with the Council of the province for oil and gas in the region that does not exceed 45 days and not from the date of the founding of the body.
And then has to ratify the other articles of the law and the reasons for his chest unanimously.
The Circo Cevdet Chairman of the Commission on oil and gas in the Kurdistan Parliament told Twilight News "This is a very important law and a step toward granting the transparency of the oil sector and dispel doubts about the sector and knowledge of imports of this sector is important and vital in the region."
[You must be registered and logged in to see this link.]
