TNT

  In TNT 

Tishwash: Oil reviews the final version of the draft federal oil and gas law

Oil Minister Ihsan Abdul-Jabbar stressed the importance of expediting the passage of the federal oil and gas law, and its importance in regulating the management of oil and gas wealth in Iraq.

Ismail said in a statement seen by “Al-Iqtisad News”, “The meeting of the Opinion Committee at the Ministry of Oil, which was held on Wednesday February 24, 2021, included discussion and review of the final version of the Federal Oil and Gas Law,” stressing that this copy will be referred to the Council of Ministers for approval. .

He explained that “after completing its review by the concerned authorities in the ministry, the Council of Ministers will review this copy, and in turn refer it to the House of Representatives in order to legislate this law.”

The Minister of Oil indicated, “the ministry’s keenness to pass a law that contributes to the development of the oil and gas industry, and the optimal investment of the national wealth in Iraq in order to support the national economy.”

It is noteworthy that the Iraqi Council of Ministers directed, last year, to speed up the completion of the oil and gas bill.   link

Tishwash:  PARLIAMENTARY FINANCE REVEALS TO “THE NEWS CENTER” THE MOST IMPORTANT ITEMS OF THE FINAL VERSION OF THE BUDGET .. INCLUDING THE FATE OF CONTRACTS AND THE DOLLAR PRICE

Today, Thursday, the Parliamentary Finance Committee revealed the most important items for the final version of the 2021 budget.

A member of the committee, Ikhlas Al-Dulaimi, said in a special statement to the “National News Center”, “This year’s budget has decreased from 164 trillion dinars to 127 trillion dinars, with the fiscal deficit in the budget reduced from 71 trillion to 25 trillion dinars.”

Indicating that “the price of the dollar remained constant at 145 thousand per 100 dollars.”
On the price of oil,

She confirmed that “the price of oil has been changed from 42 to 45 dollars a barrel, while keeping the price difference to reduce the budget deficit.”

Regarding the fate of the lecturers, contracts and procedures in all ministries, Al-Dulaimi commented, saying: “The Finance Committee has allocated one trillion dinars to the government, distributed through the government to all these groups without entering into their numbers or salaries as it is an executive rather than a legislative matter.”

As for those with health professions, Al-Dulaimi revealed that “the Financial Committee has set a legal clause for them that provides them with functional degrees of deletion and creation, and that the first three will be appointed after developing a legal article that obliges the government to implement.”

She pointed out that “this year’s budget focused on supporting the private sector and maximizing state imports, without affecting citizens with limited income.”

Noting that “the Finance Committee has put in place provisions that oblige the government to implement the budget verbatim.”  link