Iraq PM: Will Seek Law To Allot Oil Revenue

[dejavu]

Iraq PM: Will Seek Law To Allot Oil Revenue Among Regions

http://www.nasdaq.com/aspxcontent/NewsStory.aspx?cpath=20060520\ACQDJON200605200644D OWJONESDJONLINE000014.htm&selected=9999&selecteddisplaysymbol=9999&StoryTargetFrame=_top&mkt=WORLD&chk=unchecked&lang=&link=&headlinereturnpage=http://www.international.na

AMMAN -(Dow Jones)- Iraqi Prime Minister Nouri Al-Maliki said Saturday that one of his priorities is to enact an oil and gas law that will include provisions to allocate oil and gas revenues among Iraq's various regions.

"We will work to enact a new law that regulates the oil and gas sector in a way that guarantees the rights of regions, when they are set up in accordance with the Iraqi constitution," al-Maliki said. Al-Maliki made the statement as he outlined his government program to Parliament in Baghdad, minutes after the lawmakers approved his Cabinet.

-By Hassan Hafidh, Dow Jones Newswires; hassan

getting to the nitty gritty you go maliki!

[Alphamystic]

Go, Go, Go, Maliki do your thang :happy64:

[icarusII]

BAGHDAD, May 20 (KUNA) -- Iraq's new Oil Minister Hussein Al-Shahristani warned minutes after he assumed his post on Saturday smugglers of oil and terrorists responsible for vandalizing oil pipes that they would be sought out by his ministry……. He added that all must work together to preserve Iraq's wealth, calling upon citizens to cooperate and notify the centers that would be set up in each province.

http://www.kuna.net.kw/home/Story.aspx?Language=en&DSNO=867760

[lonelyintexas]

BAGHDAD, May 20 (KUNA) -- Iraq's new Oil Minister Hussein Al-Shahristani warned minutes after he assumed his post on Saturday smugglers of oil and terrorists responsible for vandalizing oil pipes that they would be sought out by his ministry……. He added that all must work together to preserve Iraq's wealth, calling upon citizens to cooperate and notify the centers that would be set up in each province.

http://www.kuna.net.kw/home/Story.aspx?Language=en&DSNO=867760

Looks like everyone is ready to get to work. I like it.
LIT:happy64:

[MEALTICKET]

Iraq PM: Will Seek Law To Allot Oil Revenue Among Regions

http://www.nasdaq.com/aspxcontent/NewsStory.aspx?cpath=20060520\ACQDJON200605200644D OWJONESDJONLINE000014.htm&selected=9999&selecteddisplaysymbol=9999&StoryTargetFrame=_top&mkt=WORLD&chk=unchecked&lang=&link=&headlinereturnpage=http://www.international.na

AMMAN -(Dow Jones)- Iraqi Prime Minister Nouri Al-Maliki said Saturday that one of his priorities is to enact an oil and gas law that will include provisions to allocate oil and gas revenues among Iraq's various regions.

"We will work to enact a new law that regulates the oil and gas sector in a way that guarantees the rights of regions, when they are set up in accordance with the Iraqi constitution," al-Maliki said. Al-Maliki made the statement as he outlined his government program to Parliament in Baghdad, minutes after the lawmakers approved his Cabinet.

-By Hassan Hafidh, Dow Jones Newswires; hassan

getting to the nitty gritty you go maliki!


These are the statements investors such as myself like to here! Now let's getto working on it!

[MI$TER DINAR]

Now were talking. Finally things are starting to happen. GO IRAQ GO

[BIG WAVE]

Spokesman Jihad warned that the oil ministry might not be able to fulfill its obligations if a government is not formed soon.

“We expect to face a lot of problems and a crisis if a government is delayed. We may not be able to satisfy all demand because we need the government’s financial support,” he said. “The budget for 2006 for the oil ministry is less than half that of 2005. With attacks on pipelines and because of the security situation, we need money to import. This money and the decisions on it are supposed to come from the government.”

Iraq’s oil sector is waiting for an oil investment law to organise foreign investment and draw in international companies.

The law must be ratified by a parliamentary committee. But such issues will not be discussed before a fully-empowered government is formed under the constitution ratified in October.

“The interim government cannot strike deals and sign contracts,” a senior oil ministry official said. “And we all know that without foreign investment the industry will not grow.” reuters
http://www.dailytimes.com.pk/default.asp?page=2006%5c03%5c12%5cstory_12-3-2006_pg5_33