The United States welcomes the law of the distribution of oil wealth, according to the proportions of the population in Iraq
MENAFN - 13/03/2007MENAFN-13 / 03 / 2007
(MENAFN) United States welcomed the commitment to the text of a draft of the new hydrocarbon law in Iraq. و
A spokesman for the State Department, that the text of the draft law, which would be forwarded to the National Assembly in Iraq includes a number of positive points.
The spokesman for the State Department that the text of the draft law is important because it provides that all revenue from the sale of oil will go into the expense of the national general. و
And will all Iraqi governorates in the federal oil and gas, which will formulate state policy in the matter of energy. The provinces will receive shares of the proceeds directly, which would increase local control of financial resources.
it is noteworthy that the Iraqi Prime Minister had announced that the Iraqi government has approved in a special meeting Monday, the new oil bill, which provides for the distribution of proceeds in accordance with the proportions of the population.
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