Law experts: Federal Court decision canceled Kurdistan Oil and Gas Law Iraqi News Catch Up Feb 16th and 17th 2022
These are the articles I would have discussed on the My FX Buddies Podcast:
Feb 16th 22
Law experts: Federal Court decision canceled Kurdistan Oil and Gas Law
The legal expert, Ali Al-Tamimi, told Al-Masala that the Federal Court's decision regarding the .Kurdistan region set a conditional share for him in the financial budget Ali Al-Tamimi said, "The Federal Court's decision today canceled the oil and gas law for the Kurdistan region, and ".that it is not enforceable and frozen and may not be applied The Federal Court obligated the region to pay all benefits to the federal government for the extraction and export .of crude oil, as well as enabling it in the field of extraction and exploration Al-Tamimi added, "The Federal Court also threw the issue of following up on contracts concluded by the Ministry ".of Energy and Natural Resources in the region on the Ministry of Oil and the Office of Financial Supervision The Federal Court linked the issue of commitment to the oil agreement in the region’s share in the budget, which amounts to 17%,” stressing that “this decision is very dangerous, especially since it was based on constitutional ”.articles
On Tuesday, February 15, 2022, the Federal Court issued a ruling that the oil and gas law in the Kurdistan .Regional Government is unconstitutional And the Federal Court decided to rule the unconstitutionality of the oil and gas law in the Kurdistan Regional .Government ".He added that "the court decided to oblige the Kurdistan region to hand over oil to the federal government The Federal Court held a hearing on the case (59 federal) regarding the export of oil in the region outside the .approval of the federal government
The National Union hints that the "Federal" decision regarding the region's oil interfered with a "political agenda
A leader in the Patriotic Union of Kurdistan hinted today, Tuesday, that the Federal Court's decision regarding the oil and gas law in Kurdistan is subject to a "political agenda", while indicating that it will not help solve the chronic crisis between Baghdad and Erbil over oil.
The leader of the Patriotic Union of Kurdistan, Erez Abdullah, said in a statement to Earth News, "All decisions of the Federal Court are binding and respected, but the question is, does this decision help to solve the oil and gas problem between the federal government and the Kurdistan Regional Government, or does it cause other political complications?"
He added, "I think without the legislation of the oil and gas law, this problem will remain between the two parties, and I hope that this decision will help to expedite the legislation of the law and solve this problem," noting, "But how does the Federal Court issue this decision without a legal basis, because neither the Kurdistan Regional Government nor the government The Federalists are reluctant to legislate this law, but the lack of agreement on its content and on this draft law has left the problem unresolved.”
And between “this decision and other decisions (all other federal decisions) interfered with a political agenda, because the country is going through complex political crises, and this decision is one of these decisions,” stressing, “I hope that this decision will help expedite agreement on a draft law and its legislation by the House of Representatives.” It solves this lingering and chronic problem between the two parties.”
The Federal Court had decided this afternoon, Tuesday, to prevent the Kurdistan region from exporting oil in its favour, and obligated it to hand over the federal government's oil export revenues, based on a lawsuit filed by the Ministry of Oil before the Federal Court.
Kurdish Activist: The Ruling Families Deduct 65 Dollars From Each Barrel And Deposit It In Their Account
The Kurdish activist Mahmoud Yassin Kurdi accused, on Wednesday, the ruling families in the Kurdistan region of stealing large sums of money and depositing them in their accounts in Europe.
In a tweet on Twitter, which was seen by the "Information" agency, Kurdi said, "In the past seven months, with oil prices rising to more than $90, but the Kurdistan Region's oil revenues were only $350 million."
He added, "These numbers mean that each barrel of oil goes from only $25 to employee salaries, and the rest goes to European banks in the families' account. That's why they want to turn the decision of the Federal Court to the issue of nationalism!"
And the Federal Supreme Court announced, yesterday, Tuesday, that it is not possible for the Kurdistan region to export oil and to hand over the previous proceeds to the Federal Sumo Company, as well as the invalidity of the oil and gas law in the region
Al-Sadr issues a statement regarding the exchange rate of the dollar - urgent
Today, Wednesday, the leader of the Sadrist movement, Muqtada al-Sadr, issued a .statement regarding the dollar exchange rate Al-Sadr said in a tweet, posted on his personal account on the social networking site Twitter, that "after the rise in the exchange rates of the dollar, and the benefits and harms that it contains, its rise should not be an increase in market prices, especially . ".with regard to the important commodities that the people need in their daily life
The leader of the Sadrist movement, Muqtada al-Sadr, called on Wednesday to punish anyone who tries to raise market prices.
Al-Sadr said in a blog post, followed by "Nass", (February 16, 2022), that "after the rise in the exchange rates of the dollar... and the benefits and harms it contains, its rise should not at all be the rise in market prices, especially with regard to important commodities that need It is absolutely for the people in their daily life,” noting that “it is necessary to work through economic security to punish all those who seek this from merchants and the like, and according to the law, especially when we are approaching the blessed month: (the month of Ramadan), but absolutely and the government.” Dealing with all violators firmly,
regardless of who the perpetrator is.
He added, "The merchants should take into account the people, not their money, and not to deal with greed. They are responsible before God, before the people, and before us as a whole," noting that "the most important thing is that the people live with dignity, pride and prosperity."
He stressed, "taking into account the poor class, which hardly gets its daily sustenance through the ration card and by not
increasing the price of important basic commodities, especially vegetables, grains, construction prices, and the like."
He continued, "And if there is a claimed benefit from the rise in the exchange rates of the dollar, it should not be at the expense of the people, the poor, the destitute and the needy, otherwise it will inevitably be unfair."
The American ambassador enters the line of tension between Baghdad and Erbil: the need to resolve the dispute
The US ambassador to Iraq, Matthew Tueller, said on Wednesday, February 16, 2022, that .Washington encourages the Baghdad and Erbil governments to resolve their long-standing differences A statement from the office of the leader of the Kurdistan Democratic Party, Massoud Barzani, said during his meeting with Tueller in Erbil, that he discussed the situation in Iraq, the latest developments, and the .constitutional steps to form the next government
He pointed out that the two sides stressed the need for coordination and cooperation between the political forces .and the components of Iraq regarding the formation of the next government
The statement quoted Tueller, that his country cares carefully about the Iraqi political changes and developments, and encourages all parties, the Kurdistan region and the federal government to understand and coordinate to .address differences
He added that the United States is committed to the security, stability and development of Iraq and the Kurdistan .region, according to the statement
These statements come the day after the Federal Court issued a decision obligating the Kurdistan region to hand .over its oil to the federal government in Baghdad And the regional government rejected the Federal Court's decision and considered it contrary to the country's .constitution
The management of oil wealth has been one of the most important outstanding issues between Baghdad and Erbil .for many years, along with the disputed areas between the two parties
The Kurdistan region produces about 450 thousand barrels per day of oil, and delivers 250 thousand barrels per day to the federal government in return for obtaining 12.6 percent of the state's financial budget, based on an .agreement concluded between the two sides last year
Including Defrauding Customs .. “Ericsson” Reveals Serious Violations In Its Work In Iraq
The shares of Ericsson, the telecommunications equipment manufacturer, fell 10.3% at the beginning of trading on the Swedish Stock Exchange, during Wednesday's trading, after the company announced that it had discovered serious violations of the company's work rules and ethics in Iraq, as part of an internal investigation of its operations.
According to the company's press release, the internal investigation revealed illegal payments to intermediaries for transporting goods, the use of alternative transportation methods, and defrauding Iraqi customs, at a time when terrorist organizations, including ISIS, controlled certain transportation routes.
The investigation found support for corruption-related misconduct, through cash donation without a clear recipient, payment to a supplier for work without scope and documentation, use of suppliers for cash payments, inappropriate travel and expense financing, and inappropriate use of sales agents and consultants.
In addition, violations of Ericsson's internal financial controls, conflicts of interest, non-compliance with tax laws and obstruction of the investigation were found.
According to Ericsson, several employees have been fired from the company and several additional disciplinary and corrective actions have been taken.
Ericsson said in the statement that investigators were unable to identify the final recipients of the payments.
What we see is that transportation routes have been bought through areas controlled by terrorist organizations, including ISIS, Ericsson CEO Borg Ekholm said in an interview with Dagens industri.
And we have no opportunities to determine who is the ultimate recipient of these payments.
News of the internal investigation adds another embarrassment to the company after a long-running corruption investigation, including a $1 billion settlement in 2019.
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