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Iraq's accession to the transparency of international oil restore confidence at home and abroad
10/03/2012
BAGHDAD - Al Sabah
A member of the Committee on Energy and Oil Bahaa al-Hadi Ahmed said Iraq's accession to the organization Transparency International in oil transactions will return to Iraq, his confidence in the country and outside through the auditing and knowledge of its exports and imports of oil. Ahmed said: that Iraq's accession to the organization Transparency International in oil transactions of State is necessary in At present he will restore people's trust in the Iraqi state and the federal government to clear in front of them all being from oil transactions both at the level of contracts with international companies or the amount of fiscal revenue returning to the country, in addition to the amount of oil exported to abroad. He continued: During his speech for the (agency news of news) that this organization will improve the reputation of Iraq among the world the fact that this organization shared by the top oil-producing countries in the world and that are subject to international standards to the issue of transparency, saying it would ease the operations of financial and administrative corruption that occur in oil transactions internal and external.
He had announced that the Federal Oil Ministry on Monday to issue a first report by Transparency International for the extractive industries of oil export revenues of Iraqi crude for the year (2009), which reported the Organization for matching financial accounts at the level of revenues belonging to the exported quantities of oil.
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