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Bill: Ferman 4106/01: Resurrection of the State Oil Company of Jakania

Details

Submitted by[?]: Halkın Eylem Partisi

Status[?]: defeated

Votes: This bill is a resolution. It requires more yes votes than no votes. This bill will not pass any sooner than the deadline.

Voting deadline: September 4123

Description[?]:

With the legal authority granted to him by the Royal Ferman Act (http://classic.particracy.net/viewbill.php?billid=486548) His Sublime Majesty the Sultan Umar II orders that:

Section 1
All hydrocarbon enterprises in the Sultanate shall be reorganised and merged under the control of the re-created State Oil Company of Jakania (http://particracy.wikia.com/wiki/State_Oil_Company_of_Jakania). Only this nationally owned Company shall have the authority to drill and process our national petrochemical resources.

Section 2
A Board appointed by the Sultan on the advice of his Ministers shall run the Company. It's composition shall be
> President and CEO
> Vice President
> Director General of Managing and Planning Organisation
> Minister of Trade, Industry and Oil (Chairman)
> Minister of Finance
> Minister of Environment
> Minister of Science and Technology

The Sultan may make changes to the size and composition of the Board as he sees fit.

Section 3
The board shall be the decision making body of the Company and shall approve operations, annual budgets, balance sheets and financial statements.

Section 4
The SOCJ shall have limited powers to legislate in relevant areas, with the Sultan retaining a veto.

Section 5
The government of Jakania shall retain 100% of shares, which shall not be listed publicly.


***

Signed on the 24th day of the month of December in the year 4106
Umar II



Proposals

Debate

These messages have been posted to debate on this bill:

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Voting

Vote Seats
yes

    Total Seats: 0

    no
     

    Total Seats: 350

    abstain
     

    Total Seats: 0


    Random fact: The Real-Life Equivalents Index is a valuable resource for finding out the in-game equivalents of real-life cultures, languages, religions, people and places: http://forum.particracy.net/viewtopic.php?f=11&t=6731

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