Maliki - HCL in parliament tomorrow for ratification

[nile]

hey look at this. niles going back on his word and posting a maliki quote about the HCL again. ok ok yes maybe it is looking good for the HCL tomorrow... i give in ;)

Proposed oil law referred to Iraqi parliament for ratification-PM








Baghdad, Jul 3, (VOI)- Iraq's Prime Minister Nouri al-Maliki said on Tuesday that the postwar first draft hydrocarbon law was ratified by his government and was send to the parliament for discussion
"The Council of Ministers discussed and unanimously ratified, today, the most delicate and significant law for the present and future Iraq, i.e., the oil and gas law and it was referred for the parliament to make a first reading of it in tomorrow's session," Maliki told a news conference in Baghdad on Tuesday.
The Iraqi Premier also said "the cabinet made the first reading of the revenue-sharing draft law and making some amendments to it."
The government decided to hold an extraordinary session to re-discuss and vote on the revenue-sharing draft law on Thursday, the Prime Minister noted.
The oil and gas as well as the revenue-sharing laws are among four draft laws the Iraqi government is expected to send to the parliament before the end of July when the parliament's recess would start.
The local councils law and ending a ban on the former Bathists to assume public jobs and posts are the two remaining laws out of a package pressed by the U.S. administration on the Iraqi government to pass before the parliament would go in a recess.
"The current week will witness the reading and discussion of draft laws on amending the debathification law (a ban on former Bathists to assume public jobs and posts)
and the local councils elections law," Maliki told reporters.
The Prime Minister called upon political entities taking part in the political process to honor their obligations vis-à-vis the political program they had already agreed upon well in advance as its implementation would serve the partis' and Iraq's interests.
Maliki also said that the ministers from the Sunni Iraqi Accordance Front were not present at the meeting where the vote on the oil and gas draft law was made.
"We were preparing for this law for months and the Accordance Front was present at all the meetings on the law. The Front was absent from today's meeting but the quorum was met and the law was unanimously ratified," Maliki added.!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!
The Iraqi Accordance Front, 44 seats of a total of 275-member-parliament, had suspended it membership at the House and the government following an arrest warrant issued against one of its members on alleged charges of killing two sons of the secular Nation party leader Mithal al-Allousi.
Asked if the parliament would pass the oil and gas draft into law, Maliki replied "there is no real problem that would impede passing the law at parliament as it came in harmony with much of our expectations."
"It is a law that will serve all the communities and sects of the Iraqi people," the Iraqi Prime Minister concluded.
Earlier on Tuesday, the state-run al-Iraqiya satellite television said that the Iraqi government has approved the oil law and will send it to parliament for ratification.
The television quoted the official spokesman for the Iraqi government, Ali al-Dabbagh, as saying that the oil law was approved after some amendments from the Iraqi government.
The channel did not add further details.
An official source from the oil ministry said last month that an agreement was reached between the federal government in Baghdad and Kurdish officials regarding the controversial issues in the draft law.
The cabinet approved a draft oil law last February but faced fierce opposition from Iraqi Kurds.
The draft oil and gas law for the management of oil resources has been considered one of the most controversial issues in Iraq, and there are differences among political blocs on the law, concerning the equitable distribution of revenue.
The law, if approved by the parliament, will give Iraqi and foreign investors the right to set up establishments and oil refineries and use them for 50 years.
Most of Iraq's known oil reserves are located in the Shiite-dominated south and the Kurdish north.
Iraq sits on the world's third-largest oil reserves and officials have sought, since last year, to finalize the draft.
The law is vital for attracting foreign investment to Iraq, to boost its oil output and rebuild its economy.
Recent disputes have arisen after Iraq’s oil ministry warned regions in late April against signing contracts until the law was passed.
The Kurdistan regional government has signed several agreements with foreign companies.
SK

[KAHAI]

very good news thanks for the post:happy64:

[cooldolphins]

great job, nile. it was just brought to my attention that fox news had touched on this at a press briefing but no questions arose about iraq....i guess our media is over it? !!

thanks.

[Adster]

Nile, good lad. Nice to see you smiling again mate. ;) Appears they intend to pass the big 4 before their recess.

[NewUser]

Glad to see you back :happy64: I hope they can get this done before they go on Vaca for a month. Keep posting ( only positive :D ) Have a great 4th of July

[wheelz]

here we go:happy64:

[WishBone]

Asked if the parliament would pass the oil and gas draft into law, Maliki replied "there is no real problem that would impede passing the law at parliament as it came in harmony with much of our expectations."
"It is a law that will serve all the communities and sects of the Iraqi people," the Iraqi Prime Minister concluded.

(sounds to good to be true!)

[John Jay]

Nice find Nile. :)

[jsimmy]

hey look at this. niles going back on his word and posting a maliki quote about the HCL again. ok ok yes maybe it is looking good for the HCL tomorrow... i give in ;)





No one can blame you for it... not with news like this. Thanks for the post Nile!:happy64::happy64:

[wellwishes]

I think it's very significant that they can pass laws without the Sunnis Accord Front. They have blocked a few proceedings before.

The Sunnis do not like the Oil Sharing aspect of the HCL because it distributes the oil wealth according to a particular groups percentage of population. They are a minority who is used to receiving a majority of windfalls and privileges. They cannot get used to the fact they are only 20% of the population and will receive consideration as such.

[nile]

ye this is good news if they go through with it. the news tomorrow should be interesting.
im selling 50% of my dinar in 2 weeks. i was going to have to sell it to pay a credit card off, but the interest on it is so small its not worth worrying about. so instead of selling half to pay for the CC i decided that im going to buy something that ive been holding off on for the last 9 months as the money was wrapped up in dinars. soooo alll i hope happens within these 2 weeks is they either:
1. do a reval..
2. do nothing lol

i dont want to get so close to selling it for them to pass all the laws etc and then do the dreaded 3 letter "L" word, or a reprint...

so please mr maliki, all or nothing in the next 2 weeks!

[nile]

http://www.investorsiraq.com/showthread.php?p=411228#post411228

[Galco]

with this and the phone calls this might get done..

[BigPapaPump]

ye this is good news if they go through with it. the news tomorrow should be interesting.
im selling 50% of my dinar in 2 weeks. i was going to have to sell it to pay a credit card off, but the interest on it is so small its not worth worrying about. so instead of selling half to pay for the CC i decided that im going to buy something that ive been holding off on for the last 9 months as the money was wrapped up in dinars. soooo alll i hope happens within these 2 weeks is they either:
1. do a reval..
2. do nothing lol

i dont want to get so close to selling it for them to pass all the laws etc and then do the dreaded 3 letter "L" word, or a reprint...

so please mr maliki, all or nothing in the next 2 weeks!
Nile I feel that we are way to close to sell Dinars now. Hold On

[nile]

have we had maliki say this before? or has it only been people on the outside saying "HCL in parliament tomorrow/next week!"?

[nile]

Nile I feel that we are way to close to sell Dinars now. Hold Oni know what youre saying but im desperate to purchase this thing. have been for months but kept putting it off. then thinking ok forget the dinars ill buy it..then 2 days later "HCL NEXT WEEK!" then i think "hmm maybe ill hold onto them alittle longer" (this has been my routine for the past 3 months lol)
so on friday i decided "THATS IT! 50% of dinars are outta here" now we got this "HCL tomorrow" thing... i think maliki is just playing a joke ON ME!!! :lmao:
worst thing that could happen is the L word.. or the reprint.. id not only lose (and us all) on this investment but id lose the money for my purchase :( lol

so i go a bit of thinking to do. hmmm

[Adster]

i know what youre saying but im desperate to purchase this thing. have been for months but kept putting it off. then thinking ok forget the dinars ill buy it..then 2 days later "HCL NEXT WEEK!" then i think "hmm maybe ill hold onto them alittle longer" (this has been my routine for the past 3 months lol)
so on friday i decided "THATS IT! 50% of dinars are outta here" now we got this "HCL tomorrow" thing... i think maliki is just playing a joke ON ME!!! :lmao:
worst thing that could happen is the L word.. or the reprint.. id not only lose (and us all) on this investment but id lose the money for my purchase :( lol

so i go a bit of thinking to do. hmmm


Whatever it is you'll be able to buy plenty of post rv. Your shout but risky to offload now unless needs must, ie bills etc....

[berkman64]

Okay Okay.......If this dang thing doesnt pass tomorrow:mad: FINGERS CROSSED:happy64: :happy64: :happy64:

[AJOB]

We will be are celebrating the 4th of July tomorrow in the US so we can sit around all day and wait for the news.

Good Job Nile !!:happy64:

[mike032588]

This is big... REAL BIG.. but i remember when these article said the same thing except the FIL.... once it was passed it had to go to parliament.. then they had to be signed off. it took months from the initial passing of the law... but then again its all up to them... the US is pressuring them to get this done... after all this is the OIL LAW... a key ECONOMIC BENCHMARK FOR THE WORLD TO SEE THAT IRAQIS CAN AGREE ON SOMETHING...

[coconut]

how's your mom?
did she beat the illegal download rap:lmao:

probably disappeared - right?


This is big... REAL BIG.. but i remember when these article said the same thing except the FIL.... once it was passed it had to go to parliament.. then they had to be signed off. it took months from the initial passing of the law... but then again its all up to them... the US is pressuring them to get this done... after all this is the OIL LAW... a key ECONOMIC BENCHMARK FOR THE WORLD TO SEE THAT IRAQIS CAN AGREE ON SOMETHING...

[nile]

This is big... REAL BIG.. but i remember when these article said the same thing except the FIL.... once it was passed it had to go to parliament.. then they had to be signed off. it took months from the initial passing of the law... but then again its all up to them... the US is pressuring them to get this done... after all this is the OIL LAW... a key ECONOMIC BENCHMARK FOR THE WORLD TO SEE THAT IRAQIS CAN AGREE ON SOMETHING...well the cabinet passed the HCL in jan/feb didnt they.. so this is the parliament stage...

am i correct with this?

[Adster]

well the cabinet passed the HCL in jan/feb didnt they.. so this is the parliament stage...

am i correct with this?

Parliament yes mate, then it goes to Tally to sign off/rubber stamp, then it becomes official once in the gazette. With the Fil it took 10 days to be reach the gazette after parliament passed it. Expect parliament to pass it within the next 10 days IMO tops.

[coconut]

More:

"It will be taken for its first reading in the Parliament.”

Iraq approves revised bill to share oilDeborah Haynes in Baghdad
Iraq came a step closer yesterday to achieving at least one goal to help restore stability after the Cabinet approved a revised bill to share the country’s vast oil wealth.

MPs are due to debate the contentious legislation today to settle how oil revenue will be shared among the deeply divided sectarian and ethnic groups.

Underlining the difficulties still faced, the Cabinet has been severely weakened following a recent boycott by ministers from the Sunni Iraqi Accordance Front and the Shia Sadrist movement over disputes with Nuri al-Maliki, the Prime Minister.

Mr Maliki told reporters yesterday: “The oil and gas law has been endorsed at a Cabinet meeting unanimously ... It will be taken for its first reading in the Parliament.”

[coconut]

http://timesonline.co.uk/tol/news/world/iraq/article2022912.ece

More:

Iraq approves revised bill to share oilDeborah Haynes in Baghdad
Iraq came a step closer yesterday to achieving at least one goal to help restore stability after the Cabinet approved a revised bill to share the country’s vast oil wealth.

MPs are due to debate the contentious legislation today to settle how oil revenue will be shared among the deeply divided sectarian and ethnic groups.

Underlining the difficulties still faced, the Cabinet has been severely weakened following a recent boycott by ministers from the Sunni Iraqi Accordance Front and the Shia Sadrist movement over disputes with Nuri al-Maliki, the Prime Minister.

Mr Maliki told reporters yesterday: “The oil and gas law has been endorsed at a Cabinet meeting unanimously ... It will be taken for its first reading in the Parliament.”

[nile]

Parliament yes mate, then it goes to Tally to sign off/rubber stamp, then it becomes official once in the gazette. With the Fil it took 10 days to be reach the gazette after parliament passed it. Expect parliament to pass it within the next 10 days IMO tops.so you think if its (hopefully) passed tomorrow and it should be in gazette in about 10 days..? sounds good

wonder how long well have to wait after that for a reval...

[COACH JACK]

Another great thread, Nile. You (we) are on a roll to hearing the Fat Lady singing!! :happy64:

[mike032588]

how's your mom?
did she beat the illegal download rap:lmao:

probably disappeared - right?


HAHA its all good now... NO MORE TORRENTS FOR ME...

Nile i believe that Adster is right... I think it is parliament... but the FIL was passed months ago.. still no enactment... we will see how the OIL laws pans out tho... i think they wanted it like this... FIL and HCL same time... and not to add electronic trading... debath laws... Iraqi Peace in the making.. i cant wait..

[coconut]

CNN now reporting it.

'Most important law in Iraq' moves toward passageStory Highlights
Iraqi cabinet OKs draft law for sharing oil money among Sunnis, Shiites, Kurds

Parliament to begin debating bill on Wednesday

Other measures also on the agenda to bring Sunnis into political process

Car bomb kills eight at Baghdad market
Next Article in World »




BAGHDAD, Iraq (AP) -- The Iraqi Cabinet on Tuesday signed off on a revised bill to share the country's oil wealth and sent it to parliament -- a major step in reaching a long-delayed benchmark sought by the U.S. to promote reconciliation between Iraq's Sunnis and Shiites.


Iraqi Prime Minister Nuri al-Maliki, center, presides over a cabinet meeting Tuesday in Baghdad, Iraq.

American officials are hoping that passage of the oil bill will help rally Sunni support for the government and the political process and reduce backing for the insurgents.

Prime Minister Nuri al-Maliki announced that his Cabinet had unanimously approved the oil draft and that the parliament would begin discussing it the following day. He called the bill "the most important law in Iraq."

The Cabinet endorsed one version of the legislation last February. But the Kurds protested that that measure was unconstitutional because it gave too much power to a yet-to-be-established national oil company in managing the country's oilfields.

Only 24 of the Cabinet's 37 members were present for Tuesday's vote because of boycotts by ministers from the Sunni Iraqi Accordance Front and the Shiite bloc loyal to anti-American cleric Muqtada al-Sadr. Both groups have separate political disputes with al-Maliki.

Nevertheless, government officials expressed confidence that parliament would approve the measure.

The bill would regulate Iraq's vast oil industry and provide a formula for distributing revenues among the 18 provinces. Iraq's proven oil reserves have been estimated at 115 billion barrels or more -- second largest in OPEC after Saudi Arabia.

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The issue of oil distribution is a top concern of Iraq's Sunni Arab minority, which is centered in regions of the country with few proven reserves. Most of Iraq's known reserves lie in the Kurdish north and the Shiite south. Sunnis feared the Shiites and Kurds -- who now dominate the government -- would monopolize profits from the industry.

U.S. officials are hoping that passage of an oil bill will help rally Sunni support for the government and the political process and reduce backing for insurgents.

If parliament approves the bill, it would be the first of a series of benchmark laws to be enacted. The Iraqis pledged to meet the benchmarks by the end of last year but failed due to political haggling and the security crisis.

President Bush has pressed al-Maliki to take a series of other political steps -- opening jobs to Sunnis who supported Saddam Hussein, amending the constitution to satisfy Sunni aspirations and holding local elections -- aimed at bringing Sunni Arabs into the political process.

Government spokesman Ali Al-Dabbagh said the Cabinet could take up a draft bill on restoring government jobs to many former Hussein loyalists on Thursday.

With support for the war at an all-time low in the United States, those measures would also help convince the U.S. public and Congress that Iraqi leaders are doing what is needed to halt the violence.

Bush ordered 28,000 more U.S. troops to Iraq this year to try to tamp down on the violence and encourage the Iraqis to reach political agreements among Shiites, Sunnis and Kurds.

[Secret Key]

Sorry but it cannot pass tomorrow. :(

Reason 1. A bill must be read three times before a vote.

Reason 2. Only HALF of the HCL has been sent to Parliment.

Link to info about only HALF of HCL being sent to Parliment:

http://www.nytimes.com/2007/07/03/world/middleeast/03cnd-iraq.html?_r=1&oref=slogin

[yunowu]

Thanks Nile !! Here is to quick ratification and a RV !! HOO..Woo...:happy64: :happy64: :happy64: :happy64:

[future millionaire?]

I'M the elephant in the room! If it pass tomorrow, when will it R/V is the BIG question?::happy64:

[Stout Hearted Man]

Asked if the parliament would pass the oil and gas draft into law, Maliki replied

"there is no real problem that would impede passing the law at parliament as it came in harmony with much of our expectations."

"It is a law that will serve all the communities and sects of the Iraqi people," the Iraqi Prime Minister concluded.

(sounds to good to be true!)



This definately is GOOD NEWS! ;)

[cruszala]

Wouldn't that be nice to pass the HCL tomorrow. An with the Bush's meeting with Putin in Maine right now what might they be discussing? Maybe, maybe debt relief for Iraq?? Who knows. Last I read Russia was still holding out on the debt forgiveness could be some deals taking place. We (USA) rethinks the missle defense system and in return Russia rethinks forgiving debt? Long stretch but after reading on this forum for the last 18 months I am ready!

[BILLYG]

Nile, good to seeya back in and on your game!!!:) BTW great post.