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Muhammadawi: Oil Filter Investment Act will provide billions of dollars to the treasury Iraq
5/10/15
Baghdad ... confirmed the Commission on oil and energy parliamentary member Jamal Muhammadawi, Sunday, that the project of the second amendment to the law of private investment in the crude oil number Filter Law (64) for the year 2007 will provide billions to the treasury of Iraq, doing the right environment to attract foreign sector refineries investments.
He Muhammadawi told the "eye Iraq News" that "Iraq exchange huge amounts of money in order to buy petroleum products due to lack of refineries and inability to provide oil derivatives", adding that "to amend the law will allow the establishment of refineries in the provinces of Karbala, Kirkuk and Diwaniyah and other provinces." .
And between the member of the Committee that "the nature of the First Amendment to the investment law law did not contain an attractive material for foreign companies to invest in Iraq and set up refineries," explaining that "the second amendment if passed would provide suitable for attracting foreign sector refineries investment environment which enhances the resources to the provinces to enable them to rebuild provinces and he would give facilities and privileges for foreign companies to invest in Iraq and to build refineries. "
The article (1) of the Investment Oil Filter Law stipulates that "this law is intended to encourage the private sector to participate in the economic development process in Iraq and to contribute to building the industrial base by entering in the activity of refining crude oil" in the investing company is committed to run the Iraqi Angels at least (75%) of the seventy-five percent of the total Aji.anthy / M.g
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5/10/15
Baghdad ... confirmed the Commission on oil and energy parliamentary member Jamal Muhammadawi, Sunday, that the project of the second amendment to the law of private investment in the crude oil number Filter Law (64) for the year 2007 will provide billions to the treasury of Iraq, doing the right environment to attract foreign sector refineries investments.
He Muhammadawi told the "eye Iraq News" that "Iraq exchange huge amounts of money in order to buy petroleum products due to lack of refineries and inability to provide oil derivatives", adding that "to amend the law will allow the establishment of refineries in the provinces of Karbala, Kirkuk and Diwaniyah and other provinces." .
And between the member of the Committee that "the nature of the First Amendment to the investment law law did not contain an attractive material for foreign companies to invest in Iraq and set up refineries," explaining that "the second amendment if passed would provide suitable for attracting foreign sector refineries investment environment which enhances the resources to the provinces to enable them to rebuild provinces and he would give facilities and privileges for foreign companies to invest in Iraq and to build refineries. "
The article (1) of the Investment Oil Filter Law stipulates that "this law is intended to encourage the private sector to participate in the economic development process in Iraq and to contribute to building the industrial base by entering in the activity of refining crude oil" in the investing company is committed to run the Iraqi Angels at least (75%) of the seventy-five percent of the total Aji.anthy / M.g
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