"Tidbits From TNT" Saturday 8-5-2023

TNT:

CandyKisses:  Parliamentary Finance: The budget will be implemented during the current week

Information / Baghdad

The Parliamentary Finance Committee confirmed on Saturday that the federal budget law for the next three years will come into force this week, pointing out that the budget instructions will be circulated to all ministries.

Committee member Thamer Theban al-Hamdani said in a statement to Al-Maalouma that "the general federal budget for the first time is sent to the State Shura Council in order to audit its items," pointing out that "the budget will be implemented during the current week."

He added, "The budget instructions will be circulated to all ministries, authorities and governorates, and the government will begin to implement its provisions according to a service and economic vision."

He pointed out that "the regulatory authorities will start monitoring the mechanism for disbursing funds and projects according to a plan that had been prepared in advance to avoid wasting money."

And the Parliamentary Finance Committee confirmed earlier that the federal budget law for the next three years will enter into force during the next few days, pointing out that sub-committees have been formed to monitor exchange operations.

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CandyKisses:  Iran signs a 25% increase in exports of goods to Iraq from a border crossing

The supervisor of the Customs Control Department in Kermanshah province, Ali Asghar Abbaszadeh, said on Saturday that goods and merchandise worth 327 million, 370 thousand, and 549 dollars were exported to Iraq through the Parvizkhan port during the first four months of the current Iranian year (which began on March 21, 2023), recording a growth of 25 percent compared to the same period last year.

Iranian state media quoted Abbaszadeh as saying that during this period, goods weighing 872,491 tons were carried out through the Parvizkhan port outside the country.

He added that the volume of goods exported through the port in this period recorded an increase of 25 percent in terms of value, and 52 percent in terms of weight compared to the same period last year.

The Iranian customs official continued by saying that the goods exported through the Parvizkhan border crossing included: fruits and vegetables, steel sheets, simple and ribbed rebar, water cooler, all kinds of tiles, plastic products, cakes and biscuits.

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Tishwash:  Why was the oil and gas law not legislated in Iraq previously?.. Political differences 18 years ago

Political disagreements over the issue of managing the oil fields of the Kurdistan region of Iraq prevented a vote on the oil and gas law, despite its economic importance, which has been pending legislation in parliament since 2005, which stipulates that the responsibility for managing the oil fields in the country should be entrusted With a national oil company, supervised by Baghdad.

The law was introduced many times during the previous parliamentary sessions and was not included in the parliamentary laws and legislations.

The economist saidNabil Al-MarsoumiIn a post that followedAlsumaria NewsAlthough two versions of the draft oil and gas law were issued, one in 2007 and the other in 2011, no oil and gas law was legislated inIraqBecause of the great difference between the political forces on many issues, including:

First: The dispute over giving the region licensing authority in the field of exploration and development of discovered undeveloped fields. This is contrary to the jurisdiction of the National Oil Company, which leads to a conflict between the jurisdiction of the region and the jurisdiction of the National Oil CompanyOil Ministry. This disparity would prevent the existence of a unified system of contracts in the regionsIraqThe different that giving the regions the right to conclude licensing contracts prevents the implementation of a federal oil and gas policy. There will be two oil policies, one in the center and the other in the region.

Second: There is a major disagreement in the interpretation of Article (112/First) of the Constitution, which requires that the central authority manage the oil and gas extracted from the current fields in coordination with the regions. Exploration patches and this understanding leads to the interpretation of the regions that they will take over the management of oil and gas.

Third: Giving the authority to license oil operations for exploration and production contracts in the center and the regions after presenting the initial contract toFederal Council. This leads to duplicity in the oil policy and affects the economic policy of Iraq due to the potential difference of visions between the Federal Council andOil Ministry.

Fourth: Granting an important aspect of the negotiating role of the Federal Oil and Gas Council and its tasks to a regionKurdistanAnd the oil-producing cities that are not organized in a region may weaken the negotiating role of Iraq and exacerbate the risks surrounding the implementation of a unified strategy in the country.

Fifth: When a unified central policy is lost, competition and disagreement will prevail between the National Oil Company and between the regions and governorates, which will lead to disagreement instead of cooperation that guarantees the unity of the people and the country. While the constitution granted the task of managing oil and gas wealth to the federal government in partnership with the regions and governorates.

On February 15 of last year 2022, the Federal Supreme Court issued a ruling that the oil and gas law of the regional government of 2007, which regulates the oil industry and its extraction in the region, was unconstitutional. This ruling came after the regional government concluded contracts with foreign oil companies. Provincial government refusedKurdistanFederal Court decision, giving up control over oil exports.

The oil and gas law legislation - which has been suspended since 2005 - would regulate and support the oil sector, by regulating investments in the oil and mineral aspects, especially with regard to managing the part of the region.Kurdistan.    link

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