Cabinet approves the use of oil to finance investment projects "giant" 7/28/2015
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    Cabinet approves the use of oil to finance investment projects "giant" 7/28/2015

    Cabinet approves the use of oil to finance investment projects "giant"

    Committee decided to power in the Cabinet, on Tuesday, to approve the use of oil to finance investment projects "giant", while suggesting to consent to address the scarcity of water provided by the Higher Committee for the initiative agricultural procedures. A statement issued by the Deputy Prime Minister Bahaa al-Araji, office, and I got the (long-Presse), a copy of which, "The Deputy Prime Minister Bahaa al-Araji, presided over the official office in Baghdad, atheist tenth meeting of the Energy Committee in the Council of Ministers," pointing out that "the Commission I discussed a number of topics on the agenda, and has taken the necessary decisions and recommendations thereon. "

    The statement added, "The Commission approved the use of oil to fund future investment projects and giant master and oil and gas, and the search for international companies to contract on credit for the development of power transmission sector, provided that complete its work roof of a limited time and duration of the payment of concessionary according to the mechanisms established by the relevant committee in the Council of Ministers" . The statement, that "the meeting also included the approval of the exceptions contained in the book and the Ministry of Electricity to buy material gas oil, also agreed to address the scarcity of water provided by the Higher Committee for the initiative agricultural procedures."

    The Committee recommended, and according to the statement, the "Overture of the General Secretariat of the Council of Ministers to obtain the approval of the Council of Ministers to instruct the Ministry of Finance to convert the amounts realized for the Ministry of Oil (SOMO) for ensuring the good performance of the companies collaborating with the Ministry of Electricity."

    Iraq has suffered a shortage of electricity since the beginning of the year 1990, and increased hours of rationing electricity after the year 2003, in Baghdad and the provinces, because made a lot of stations as well as sabotage attacks on its facilities over the past years, with increased hours of power cuts for citizens to about twenty hours per day, as witnessed during the last term significant improvement as continued operating hours to about 23 hours, especially after the low temperatures.

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    Last edited by Doodle Brain; 07-29-2015 at 04:31 PM.
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