25-12-2014 01:20 PM
Plans to the Iraqi province of Basra, filed a lawsuit against the Federal Supreme Court on the Iraqi Council of Ministers for'khrgah 'related law financial allocations to the provinces producing oil.
The Iraqi cabinet approved officially on Wednesday evening to grant two dollars for each oil province for every barrel of oil produced in the province, instead From awarded $ 5, according to the contents of Law 21 of 2008 which was approved by the previous parliament in 2013. Basra is the second largest city in Iraq after al-Anbar province, located in the far south of Iraq, on the west bank of the Shatt al-Arab, a water crossing, which is formed by the confluence of the Tigris and Euphrates in Qurna. Basra and contains the largest of Iraq's oil wells, producing at least 80% of Iraq's oil, which is the only sea port of Iraq to the world, and the issue of Iraq majority of oil through the ports of Basra. Aqil al-Khalidi Chairman of the Economic Committee in the Basra Governorate Council The Council Thursday commissioned by the legal department to prosecute the Council of Ministers (the federal government) in Baghdad for violation of paragraphs governorates not organized province of Law No. 21 of 2008 amended the provinces regarding oil allocations. According to Twilight News said Khalidi told told Anatolia that clear and binding law of the federal government, which allocates $ 5 to the provinces producing oil for every barrel of oil produced, and the decision of the Council of Ministers to reduce the percentage referred to in the law to two dollars only is against the law. Khalidi said 'Snkadhi Council Minister to the Federal Court and Sentan decision to grant oil-producing provinces two dollars for every barrel of product oil within the allocations of the so-called B'alaptrodolar '. The total Iraqi oil exports volume in the month of November last 75.3 million barrels, an average of 2.5 million barrels per day, almost, and revenues amounted to 5,238 billion dollars. He Khaldi that the Council informed the federal government that, in the event of a financial crisis, it is possible to postpone the payment of the full oil allocations and considered part of the unpaid debt privilege (enjoy priority repayment for other creditors) it gets the province after the restoration of oil and natural for the prices in the markets global. Oil prices have tumbled nearly 50% since June last, to reach levels up from $ 60 a barrel. The voice of the former Iraqi Parliament in June 2013 amendments to the provinces irregular Law province No. 21 of 2008 which included the granting of administrative broad powers to the provinces In addition to increasing financial allocations to the provinces producing oil. Paragraph VIII of Article 44 of the governorates not organized Act province No. 21 of 2008 on the granting of the provinces five dollars for every barrel of crude oil producer in the province, and five dollars for every barrel of crude oil refined in refineries conservative, and five dollars for every 150 cubic meters of natural gas producer in the province. The suffering of Iraq from a financial crisis as a result of lower oil prices in the global markets and the widening expenses military circle, after the control of the organization 'Daash' on large areas of the provinces of Anbar (west) and Nineveh Salahuddin and Diyala
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