The Federal Court Rejects The Lawsuit To Disburse Basra’s Accumulated Petrodollar Funds
Economy News – Baghdad The Federal Supreme Court rejected a lawsuit filed by Representative Mustafa Jabbar Sanad against the Minister of Finance, as he demanded the funds accumulated for Basra Governorate from the Petrodollar Law.
The court said that the lawsuit must be dismissed because the plaintiff’s interest condition is not met and because it does not fall within its jurisdiction.
The court indicated in the dismissal decision that “the jurisdiction of the Federal Court under Paragraph (Third) of Article (93) of the Constitution is limited to what is issued by the federal authorities and independent bodies and does not extend to ministries and other bodies. Therefore, the lawsuit must be dismissed by this body as well for lack of jurisdiction.” .
The petrodollar is the oil-producing governorate receiving a percentage of its sales, estimated at $5 for every barrel of oil produced there and $5 for every barrel of crude oil refined in its refineries.
Views 43 Added 12/17/2023 - https://economy-news.net/content.php?id=38572
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