Early Saturday Morning Iraq News 4-23-22
Early Saturday Morning Iraq News 4-23-22
Iraq Is The Fourth Largest Oil Exporter To America In A Week
Economie| 11:04 - 23/04/2022 Follow-up - Mawazine News, the US Energy Information Administration announced, on Saturday, that Iraq has surpassed Saudi Arabia in its oil exports to America during the past week.
The administration said in a report, "The average US imports of crude oil during the past week from eight countries amounted to 5283 million barrels per day, an increase of 453,000 barrels per day compared to the previous week, which amounted to 4830 million barrels per day."
She added that "Iraq's oil exports to America amounted to an average of 266,000 barrels per day last week, which exceeded Saudi Arabia, whose exports to America reached an average of 255 thousand barrels per day."
She pointed out that "most of America's oil revenues during the past week came from Canada, at a rate of 3.465 million barrels per day, followed by Mexico at a rate of 488,000 barrels per day, and oil revenues from Colombia at a rate of 332 thousand barrels per day, and then Ecuador at a rate of 211 thousand barrels per day." Ended 29/N33 https://www.mawazin.net/Details.aspx?jimare=190987
Expectations Of Weak Global Economic Growth Lower Oil Prices By About 5%
Economie| 09:14 - 23/04/2022 Follow-up - Mawazine News : Oil prices fell, and recorded a weekly loss of about 5%, affected by expectations of weak global economic growth, raising interest rates and restrictions to combat Covid-19 in China, which negatively affected demand, although the European Union is considering banning Russian oil imports.
Brent crude fell $1.68, or 1.6 percent, when it settled to $106.65 a barrel. US West Texas Intermediate crude fell $1.72, or 1.7 percent, to settle at $102.07 a barrel.
The International Monetary Fund this week lowered its forecast for global economic growth, while Federal Reserve Chairman Jerome Powell said on Thursday that a half-point increase in the interest rate would be an option at the bank's next meeting in May.
Brent price reached $139 a barrel last month, the highest level since 2008, but the two benchmarks recorded weekly losses of about five percent each. https://www.mawazin.net/Details.aspx?jimare=190975
A Deputy Responds To The Minister Of Finance Regarding Kurdistan Oil Revenues: Statements That Have No Effect
political| 08:39 - 22/04/2022 Baghdad - Mawazine News, a member of the Iraqi parliament, Ahmed Taha Al-Rubaie, criticized the statement of the Minister of Finance in the daily caretaker government, regarding the proceeds of oil exports to the Kurdistan region, stressing that the minister himself is the one who signs the delivery of Iraqi funds to Kurdistan, as he is the first responsible before the Iraqi people for their money.
Al-Rubaie said in a statement that Mawazine News received a copy of it, that "the Federal Minister of Finance and the Prime Minister bear full responsibility for the loss of any dinar from the money of Iraq and its honorable people."
He added that "mere statements that have no effect by the government did not receive any response or interest from the Kurdistan Regional Government, despite the fact that the region is obligated to pay the revenues of oil exports, customs, fees and other taxes associated with it to the federal government. year for the benefit of political parties to which the caretaker government is subject.”
He continued, "We will have a pause in the House of Representatives on this matter, which has transgressed all moral, legal and legal contexts." Ended 29 / h https://www.mawazin.net/Details.aspx?jimare=190951
Dergham Majid Vows A Million To Bring Down Parliament Unless These Names Are Nominated For The Prime Minister And The Republic
Policy - 04-23-2022 02:30 AM - Readings: 64131 Today, Saturday, activist Dergham Majid vowed a million-strong demonstration to bring down Parliament unless six names he announced as candidates for the premiership and the republic are approved.
From the center of the city of Kut, we announce the candidacy of Basem Khashan, Rahim Al-Ugaili and Abdul-Amir Al-Shammari for the premiership, and Riwar Abdul-Rahman, Sardar Mahmoud and Rizgar Amin for the presidency," Majed said, amid a gathering of demonstrators in the city of Kut, Wasit governorate.
"Otherwise, there will be a million-strong demonstration to bring down parliament," he added.
https://www.dijlah.tv/index.php?page=article&id=306165
The US State Department comments on the political blockage: the absence of a government will lead to insecurity
Policy - 04-23-2022 02:57 PM - Number of readings: 3018 The US State Department urged all political parties in Iraq to expedite the formation of the government, as the delay impedes the progress of relations between the two countries
. That security and economy, stressing that the absence of a fully functioning government will lead to insecurity and stability and threaten to undermine the confidence of the international community and the confidence of the Iraqi people. Gavito stressed that Washington wants a strong, united and sovereign Iraqi state, noting that the United States does not take any position on the personalities that will participate in the next government. https://www.dijlah.tv/index.php?page=article&id=306193
America Issues A Strong Position Towards The Formation Of The Government .. And Directs Several Points Regarding Iraq And The Kurdistan Region
Political scene Saturday, April 23, 2022 at 11:38 am (150 views) Baghdad/Sky Press
The US Deputy Assistant Secretary of State for Iraq and Iran, Jennifer Gavito, stressed that the delay in forming the Iraqi government created an obstacle to developing strategic relations between the United States and Iraq.
Javito said, in a press conference, that Washington "called on all parties to expedite the process of forming the new government," noting that during her recent visit to Erbil she met the President of the Kurdistan Region, Nechirvan Barzani and Prime Minister Masrour Barzani, stressing "the need for the unity of the Kurdish parties in the process of forming Government".
And she warned that "the absence of an effective government will lead to instability in Iraq", as well as "the lack of confidence of the international community and the Iraqi people in the Iraqi political process."
During the conference, Gavito made several points regarding Iraq and the Kurdistan Region:
The United States is committed to helping Iraq strengthen its democracy and sovereignty.
It is time for Iraqi leaders to form a government.
America willingly wants to work with this new government.
The delay in implementing the government creates obstacles to the development of bilateral relations between the United States and Iraq in all fields.
Delaying the formation of the government will pave the way for Iraqi leaders to resolve key issues and provide basic services.
The lack of an active government could lead to instability and threaten the security of the international community and the Iraqi people.
- America wants a strong, united, resilient and sovereign Iraq, and at this point we will be with Iraq to advise, help and support them, because we have always been friends of the Iraqi people; Be friends with all the people of Iraq, with the people of Kurdistan Region to be successful and happy.
- Washington's constant message to Iraqi officials is that the United States will not take any action on who will participate in forming the government.
The formation of a new government is crucial to resolving the refugee situation and implementing the Sinjar Agreement.
Washington believes that a long-term agreement between the Iraqi federal government and the Kurdistan Regional Government is the best way to resolve the situation, especially for Sinjar.
The United States supports the Sinjar Agreement, but its implementation is a concern, as well as security and governance issues that still have a long way to go.
Washington is committed to "achieving the best situation for the Kurdish people in the context of a strong and sovereign Iraq."
It is important for the Iraqi government and the Kurdistan Regional Government to discuss a mutually acceptable solution to the oil problem.
Jennifer Gavito indicated that she visited Iraq and the Kurdistan region last month, and met officials in Baghdad and Erbil.
Javito promised that "strategic cooperation between Iraq and the United States is important to Washington, and the United States has a long-term commitment to Iraq and the region."
She affirmed the commitment of the United States to help Iraq overcome its economic problems, saying: "We are also committed to assisting Iraq in strengthening its democracy and sovereignty."
Jennifer Gavito stressed that the October elections were an important opportunity for Iraqis to "determine their future and elect a government" to help them overcome the economic crisis and obstacles.
“The United States is committed to working with the new government on a number of important issues, including the stability and sovereignty of Iraq, increasing the economic potential of all Iraqis, fighting corruption, human rights, energy independence, climate, and more,” she said.
"This delay in the formation of the government puts obstacles in the way of developing our bilateral relations in all sectors, including security, economy, culture, education, environment, health and more," Javito noted.
And US diplomacy, which has a long history of working in Iraq and the region, warns that "the absence of an effective and stable government will lead to instability and undermine the credibility of the international community and the Iraqi people LINK
We Fear That The Corrupt Will Turn Around.” A Deputy Criticizes The Government’s Decisions To Open The Import Of Some Materials
23/04/2022 Earth News/ Representative Muhammad Shiaa Al-Sudani criticized the confusion and insistence on harming the local product in the decisions to lift the ban on the import of some materials.
Al-Sudani said in a statement received by Earth News, “We understand the lifting of the ban on some materials, especially basic commodities such as (oil, rice, sugar and wheat) to curb the rise in their prices globally and compensate for the shortage in their local production,” adding, however, “we do not understand the lifting of the import ban on some.”
The materials that are available locally and are stable in price, while others are not essential, such as (drinks, juices, and gypsum), because everyone knows that opening the import of these materials will harm the local product and thus harm the industry that is waiting to provide more support and protection for its product.”
Al-Sudani added that “the decision of the Central Agency for Standardization and Quality Control in the Ministry of Planning, which allowed the import of many unimportant materials, of which we have local sufficiency, represents a face of confusion and government insistence on hitting the local product and the lack of awareness of the consequences of that economically,” stressing that “the decisions increase economic problems.” The local government and its negative impact on the labor market, which was already affected by the economic crisis, as a result of the delay in approving the budget as a result of the political blockage in the delay in forming the government.
Al-Sudani added, "We fear that the corrupt will turn around and exploit the crisis of high prices and push towards issuing decisions that encourage open import at the expense of the required support for the national product."
Al-Sudani called on the government to “reconsider its decisions harmful to the local product,” noting the need to “search for ways to support industry, agriculture and the local product instead of looking for the courtesy of countries and beneficiaries at the expense of the citizen and the economy.”
With A Difference Of 250 Dinars .. The Exchange Rates Of The Dollar In The Local Markets
Economie| 11:06 - 23/04/2022 Baghdad - Mawazine News The dollar exchange rates witnessed stability, today, Saturday, in the local markets. Selling price: 147,500 dinars per $100 Purchase price: 147,250 dinars per $100 https://www.mawazin.net/Details.aspx?jimare=190988
Learn About The Exchange Rates Of The Dollar Against The Iraqi Dinar
04/22/2022 Earth News/ The exchange rates of the dollar witnessed, today, Friday, stability in the local markets. And the selling prices of the dollar were recorded at 147,500 dinars per 100 dollars, while the purchase prices of the dollar were recorded at 147,250 dinars per 100 dollars.
https://earthiq.news/archives/69120
Iraqi Finance: The Gains Of High Oil Prices Are 25 Billion Dollars After 6 Months From Now
Mubasher: Iraqi Finance Minister Ali Abdul Amir Allawi said today, Friday, that the gains from the rise in oil prices amount to $25 billion six months from now.
And the minister explained - in a speech on the sidelines of the spring meetings of the Bank and the International Monetary Fund in Washington, which was reported by the Iraqi News Agency (INA) - that work will be done to estimate the gains from the rise in oil and distribute them according to the need, either through the cash transfer or the food basket.
Allawi stressed the importance of the draft law on emergency support for food security submitted to the House of Representatives for legislation, in light of the rise in global commodity prices, which had an impact on the poor classes.
The minister stated that the emergency support bill is designed for specific purposes, in light of the rise in global commodity prices, explaining that Iraq receives the funds from the export of oil three months after the start of export shipments.
He stressed that the federal government in Baghdad has not received any payments from the Kurdistan region, although it is obligated to pay the revenues of oil exports, customs, fees and other taxes associated with the region, especially customs.
He pointed out that the federal government provided additional amounts to the Kurdistan region after its inability last year to pay the salaries of civil servants, stressing that it will continue until the accounts are settled between the Kurdistan Regional Government and the federal government. LINK