Joseph Bell & Cheryl Saunders – Iraqi Oil Policy & Constitution Issues Regarding Federal and Regional Authority
Tag: provinces
$0.5 per barrel for the producing provinces: An equitable share or additional revenue?
In its 21st ordinary meeting held on 9th June 2009 the Council of Ministers-CoM in Iraq decided to propose a draft law which provide every producing province (Governorate) a 50 cent for every barrel of oil produced by it. The decision was said to be a fulfilment of Article 121 sub-paragraph “Three” of the Constitution regarding equitable revenue sharing. Apart from this brief note the CoM website provides no further…
Oil Provinces Offer High Stakes in Iraqi Poll
30 January 2009 Iraqis go to the polls on Saturday to choose their local council representatives for the next four years, in the second such elections held in postwar Iraq. The outcome will reflect the balance of power between the major political parties across 14 of the country’s 18 provinces and give an indication of the shape of things to come as Iraq prepares for its next parliamentary elections, most…