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In one of the resolutions of the Council of Ministers instructs TBI open a letter of credit in the amount of 500 million states

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In one of the resolutions of the Council of Ministers instructs TBI open a letter of credit in the amount of 500 million states
Date: Monday 03/12/2012 06:17 pm


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BAGHDAD - A citizen
Cabinet approved the recommendations contained in the minutes of the meeting of the negotiations that took place between the delegations of the Republic of Iraq and Kuwait on Kuwait Airways lawsuit against Iraqi Airways
. According to a statement issued by the Council received (citizen) Monday that "the Council of Ministers approved the recommendations contained in the minutes of the meeting of the negotiations between the delegations of the Republic of Iraq and Kuwait on a lawsuit Kuwait Airways toward Iraqi Airways and to instruct the Trade Bank of Iraq to open letter of credit of $ five hundred million this year and guarantee the Ministry of Finance and conditions agreed between the two sides of Iraq and Kuwait. "the statement added," The Council agreed that the Ministry of Finance to add the amount of 2945 billion dinars for publication treasury transfers granted by the bank Rafidain and Rasheed for projects and the Ministry of Electricity paid in 2010 for contracts two GE and Siemens for the purpose of enabling the Ministry of Electricity to benefit from the allocations in 2012 for new projects and ongoing and add $ 150 billion dinars to repay a loan Trade Bank of Iraq granted to it in 2010 to pay the shortfall in the ration card items during the year, and for the purpose enable them to benefit from the allocations in 2012 to import new and the allocation of $ 500 million for electricity projects for the advance granted to them in 2012 under the Council of Ministers Resolution No. 253 for the year 2012 and the establishment of the Ministry of Planning knowing ministry or organization is not related to the Ministry, which spent 100% of the allocations of projects allocated within budget, and the amounts that have been reduced by 20% when preparation of the budget so that the Ministry of Finance added. The statement stressed that "the Council of Ministers approved the establishment of the Ministry of Finance to pay costs Gasoil equipped free generators civil by the Ministry of Oil during the summer season last based on the Cabinet decision No. 161 for the year 2012 and by $ 360 billion dinars of savings financial According to Article 23 of the Law the federal budget for 2012. pointed out "that the Council approved the recommendations of the Committee on Energy under the minutes of its meeting No. 11 held on 07.02.2012, which ratified the Convention on the development of Basra Gas and the shareholders' agreement signed on 11.27.2012 and the letter of the Ministry of Oil to confirm governmental obligations relating to international conventions to approve the conclusion of the South Gas Company and any ministry or government entity state contracts stipulated agreement to develop gas Basra, or were required to complete the project. "The statement continued," also approved the transfer of ownership of the asset to the company of the South Gas Company to Company Basra Gas pursuant to paragraph 2 of resolution 107 of 1995 and in accordance with the mechanism set out in the Convention on the development of gas Basra and the Convention on the transfer of assets thereto, as well as the adoption assessment prepared by a third party auditor international Ernst Young of assets above and specified 1.5 billion and a half billion dollars and which enjoined contract do partners consortium Shell and Mitsubishi to pay the equivalent of this amount during a specified period after which the parties' obligations equal investment. "and noted that he" was approved by the South Gas Company leased land allocated to the Ministry of oil and is used by the Basra Gas Company to the extent necessary for the work of the company, and agree to grant the company the right to register contracts leasing long or Musataha or other rights except land ownership in the Real Estate Registration Department, according to the Land Registration Law No. 43 of 1971, approval of the insurance requirements of financial implications of the South Gas Company under the Convention, and directing the Ministry of Finance to implement, in coordination with the Ministry of Oil, and Grant Basra Gas Company the right of passage for a gas pipeline on land belonging to the Ministry of Finance that it took under the recommendation of the Ministry of Oil. The statement said that "the Council of Ministers approved a draft law the First Amendment to the Law on the Protection of Iraqi products No. 11 of 2010, the auditor by the State Council, and forwarded to the House of Representatives based on the provisions of Articles 61 / I and item 80 / item II of the Constitution, taking into consideration the legal department notes in the General Secretariat of the Council of Ministers and taking the proposal on Article 8 of the above-mentioned project, and the letter of the Ministry of Industry and Minerals on the name of the concerned department which industrial development and regulation.
And "The Council agreed to authorize the Chairman of the National Investment Agency, Mr. Sami Raouf al-Araji, the authority to negotiate and sign a draft agreement on the encouragement and protection of investment between the Government of the Republic of Iraq and the Government of the Republic of Macedonia, as amended by the State Council, according to the provisions of Article 80 / item VI of the Constitution "." The Council of Ministers approved the establishment of the Ministry of Foreign Affairs to prepare and document authorization required behalf of the Government of the Republic of Iraq to the President of the National Investment Agency Sami Raouf al-Araji, according to the contexts approved, and submitted to the General Secretariat of the Council of Ministers in order to obtain the signature of the prime minister. "The statement continued" was also authorized Chairman of the National Investment Agency the authority to negotiate and sign a draft agreement on the encouragement and protection of investment between the Government of the Republic of Iraq and the Government of the Republic of Portugal, as amended by the State Council, according to the provisions of Article 80 / item VI of the Constitution and the Foreign Ministry to prepare and document authorization required as Government of the Republic of Iraq Chairman of the National Investment Agency and according to the contexts approved, and submitted to the General Secretariat of the Council of Ministers in order to obtain the signature of the prime minister. "as« authorize Chairman of the National Investment Agency Sami Raouf al-Araji, the authority to negotiate and sign a draft agreement on the encouragement and protection of investment between the Government Republic of Iraq and the Government of the Republic of Belarus, as amended by the State Council, according to the provisions of Article 80 / item VI of the Constitution and the Foreign Ministry to prepare and document authorization required behalf of the Government of the Republic of Iraq to Mr. President of the National Investment Agency and according to the contexts approved, and submitted to the General Secretariat of the Council of Ministers for obtaining the signature of the Prime Minister. "explained" that the Council of Ministers decided to authorize the Minister of Foreign Affairs Hoshyar Mahmud Zebari authority to negotiate and sign a draft agreement exempting holders of diplomatic passports, private or service of visa between the Government of the Republic of Iraq and the Government of the Republic of Azerbaijan, as amended by State Council according to the provisions of Article 80 / item VI of the Constitution and the Foreign Ministry to prepare and document authorization required behalf of the Government of the Republic of Iraq and the Secretary of State in accordance with the contexts approved, and submitted to the General Secretariat of the Council of Ministers in order to obtain the signature of the prime minister. "the statement said," The Council and approved a draft law of the Ministry of Health, sponsored by the Ministry of Health, and forwarded to the Parliament, according to the provisions of Articles 161 / I and item 80 / item II of the Constitution, taking into consideration the notes of the Legal Department in the General Secretariat of the Council of Ministers and approved exception land built upon Hospital Rashid military previously and structures Rashid Hospital, modern cabinet decision No. 253 to the year 2012 and allocated to the Ministry of Health to build a city medical second or specialized hospitals. "The statement noted that" has approved a draft law Eighth Amendment to the Law on the Ministry of Higher Education and Scientific Research No. 40 for the year 1988 auditor by the State Council, and forwarded to the Parliament, according to the provisions of Articles 61 / I and item 80 / item II of the Constitution, taking into account the notes of the Legal Department in the General Secretariat of the Council of Ministers and approved a draft law reforming inmates and depositors by the Board of State Shura, and forwarded to the House of Representatives based on the provisions of Articles 61 / I and item 80 / item II of the Constitution, taking into account the legal department notes in the General Secretariat of the Council of Ministers. "

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