Is the application of the law of "petro-dollar" frozen?

Is the application of the law of "petro-dollar" frozen?


 
03-02-2018 03:17 PM

The MP for the National Alliance Amer al-Fayez, Saturday, in a press statement, "The Prime Minister Haider Abadi assured the political blocs his intention to hold several intensive meetings in the coming days to end differences on the budget and the law of local elections .

He added that "Abadi told the representatives of the oil-producing provinces that it is not possible to apply the law of petro-dollar, which provides for the deduction of $ 5 per barrel of product and refined and source, which means that one barrel will cost the government $ 15," noting that "Abadi stressed the impossibility of applying the law this formula never.


Al-Fayez said that "the representatives of the oil-producing provinces insisted on implementing the law during the current financial budget," noting that "things remained pending until a satisfactory solution for all parties in the productive provinces, including acceptance of Abadi proposal to register petrodollars as debts to the government and the establishment of a specific mechanism to pay them .

http://www.ikhnews.com/index.php?page=article&id=164115

Interesting, good point.