More Great News from Parliament 7/25/13
Today was the 11th meeting of the first session of year 2013 and once again a great turnout for Iraq and the Iraqi people.
Today another part of the Tariff Law was voted on and passed. On the 22nd Parliament voted and approved the new text to Article 11 of the Tariff Laws and today they voted to cancel the old text.
See my detailed explanation by visiting this page: House of Representatives vote on the second amendment to the law of customs tariff LINK
Read More Link On Right
With this cancelation the long awaited for Tariff Laws should be ready to be published into the Republic of Iraq’s Official Gazette.
Najafi is waiting on the Cabinet of Ministers to hand him and Parliament the Amnesty Law and it looks like parliament should be voting on the Oil Contractors Law as early as Saturday and the next meeting number 12.
The Oil Contractors Law has been the major hold up of the HCL so they have decided to pull it out, vote on it in hopes that the Oil & Gas Law will be easier to pass. The fact is it is the most complicated part of the HCL, so this should do it.
Nujaifi: the amnesty bill waiting that the government sends the bill to the parliament for vote and approval. LINK
Moves to pass a law the national oil company LINK
One more thing, the other day there was an article that stated that the second half supplement budget for Fiscal Year 2013 would not be passed because of low first half Oil Sales.
Well, since Iraq has already received oil revenue of over $79 billion for the first half of 2013, putting Iraq at the end of this year to over $ 159 billion in revenue. Given this pace that article was frankly BS.
If my math is right then that would leave a surplus at years end at over $ 40.7 billion, so it would only make sense that the $ 14 billion supplement that Maliki and Barzani agreed on in April to pay the Oil Contractors and other budgetary needs would pass with flying colors.
Supporting article: Oil: exports the first half of this year exceeded 444 million barrels per day LINK