Early Tuesday Morning Iraq News 5-3-22
Early Tuesday Morning Iraq News 5-3-22
Al-Hakim Warns Against The "Complexity" Of The Iraqi Scene And Calls For The "Strategic Construction" Document
Erbil (Kurdistan 24) - The leader of the National State Forces Alliance, Ammar al-Hakim, warned today, Tuesday, of further complicating the Iraqi scene, while at the same time calling for the signing of the strategic building document for the country.
Al-Hakim’s statements came this morning, during the Eid al-Fitr prayer, “that things remain as they are and accept what is happening and wait for solutions from the outside, or continue the approach of intersection, dissonance and exchange represents an imminent danger that will have serious consequences for democracy and the principles of respect for the constitution and the law and the peaceful transfer of power and the path of nation-building and its institutions.
Al-Hakim pointed out that the process of political breaking does not serve a party, does not build a country, does not achieve a goal, and it would increase the existing complications.
He added that the country is witnessing a clear slowdown in the formation of a new political scene in line with the main purpose for which the elections were held, in addition to disrupting the people's desire to form a strong and coherent government.
Al-Hakim stressed that "the political situation in the country, under sensitive circumstances, needs a realistic and rapid review and treatment that will move us from a state of blockage to détente, from stagnation to movement, and from intersection to understanding, and all of this is possible and available if the moral atmosphere of Eid al-Fitr is invested."
Al-Hakim called again for "the formation of a government emanating from the largest bloc formed by the largest component in the country in order to produce a stable political equation that provides a balanced and reassuring environment for a strong government that can achieve the desires of our people for a free and dignified life."
On the other hand, he called on all political forces to issue a (strategic building document for the country) and to involve governmental and civil institutions in drafting this document. LINK
Coordination Framework: Issued A Surprising Statement Regarding The Intentions To Re-Conduct The Par
Article at link: https://baghdadtoday.news/ar/news/187906/A
Leader In The Framework: The Political Class Tarnished Iraq's Reputation And The Delay In Forming Th
Article at link: https://baghdadtoday.news/ar/news/187913/A
About 4 Billion Dollars In Sales Of The Central Bank Of Iraq In A Month
2022-05-03 05:48 Shafaq News/ The Central Bank of Iraq's sales of hard currency to the dollar during the month of April amounted to nearly 4 billion dollars.
Shafak News Agency correspondent stated that the Central Bank sold 3 billion and 980 million and 227 thousand dollars during the month of April in the days when it opened its auction for the sale and purchase of US dollars, at a rate of 199 million and 11 thousand and 350 dollars per day, higher than last March, which reached the average sales It has 3 billion 803 million and 565 thousand dollars.
Our correspondent added that the increase in the bank's total sales came as a result of its dollar sales exceeding $200 million per day for most days of the month.
Most of these sales went in the form of remittances abroad to finance foreign trade, while the selling price of the dollar transferred to bank accounts abroad, in addition to the cash sale, amounted to 1460 dinars per dollar. LINK
The International Monetary Fund Expects A Jump In Iraq's Public Revenues Of Nearly $150 Billion
2022-05-03 05:47 Shafaq News/ The International Monetary Fund expected that Iraq will achieve a jump in its public revenues during 2022 after the rise in oil prices.
According to the fund's estimates, seen by Shafak News Agency, "it is expected that the Arab oil-exporting countries will witness jumps in their revenues during the current year, in conjunction with the rise in oil prices globally," noting that "it is expected that Iraq's revenues during 2022 will reach 149 billion dollars." And an annual change rate of 73 percent from 2021.
The report added that "Saudi Arabia's revenues are expected to rise $327 billion with an annual change of 28 percent, while Libya's annual revenues for the current year will reach 39 billion dollars with an annual change of 84 percent, while the UAE's revenues will be 190 billion dollars with an annual change of 46 percent, and Kuwait's revenues will be 102 billion." dollars with an annual change rate of 46 percent.
He added that "Qatar's revenues are expected to reach $84 billion with an annual change of 40 percent, Bahrain's revenues will be 11 billion dollars with an annual change of 39 percent, and Oman's revenues will amount to 39 billion dollars with an annual change of 34 percent, while Algeria's revenues will reach 58 billion dollars, with a percentage change of 28 percent." percent".
Oil prices rose during 2022 to above $100 per barrel after Russia, one of the world's largest oil and gas exporters, launched a war against Ukraine, with concerns about a disruption and a scarcity of oil exports.
The Stability Of The Dollar Exchange Rates On The Iraqi Stock Exchange
Economie| 11:12 - 03/05/2022 Baghdad - Mawazine News The dollar exchange rates witnessed, today, Tuesday, stability on the Iraqi Stock Exchange.
The selling prices of the dollar were 147,850 dinars per $100, while the purchase prices of the dollar were 147,750 dinars per $100. https://www.mawazin.net/Details.aspx?jimare=191990
High Compliance With OPEC, Iraq Increases Production
2022-05-03 05:59 Shafaq News/ A Reuters survey concluded that the increase in OPEC oil production in April was less than the rise planned under an agreement with allies, as declines in Libya and Nigeria compensated for increases in supplies by Saudi Arabia and Iraq.
The survey found that the Organization of the Petroleum Exporting Countries (OPEC) pumped 28.58 million barrels per day in April, an increase of 40,000 barrels per day from the previous month and less than the 254,000 barrels per day stipulated in the supply agreement.
Production is below the increases pledged from October to March, with the exception of February, when many producers lack the ability to pump more crude after insufficient investment, a trend accelerated by the pandemic.
The biggest drop in production was in Libya, which sometime in April lost more than 550,000 barrels per day from closures on fields and stations, and Nigerian production recorded a drop of 40,000 barrels per day with exports lower than in March.
These outages limited the increase in OPEC production as major producers followed an increase in their supply pledge, and the survey found that the largest increase in April of 100,000 barrels per day came from Saudi Arabia, followed by Iraq, where the monthly increase in production was 80 thousand barrels per day.
The United Arab Emirates followed the higher share and increased by 40 thousand barrels per day, while Kuwait's production increased by ten thousand barrels per day.
The survey found that Iran, which is also exempt from making production cuts, was shipping more to China in 2022 and production rose in April, even as talks on reviving the 2015 nuclear deal with world powers failed to reach an agreement.
The survey found that production decreased or did not increase in Angola, Equatorial Guinea and Gabon, due to a lack of ability to produce more.
The agreement called for an increase of 400,000 barrels per day in April from all OPEC + members, of which about 254 thousand barrels per day is shared by the 10 OPEC producers covered by the agreement.
As a result, the 10 OPEC members are pumping far less than the deal called for. LINK
The Difference Between Production And Iraq's Share According To OPEC Decreased In April By More Than 70% Compared To March
2022-05-03 Yes Iraq: Baghdad Iraq managed to reduce the difference between its scheduled quota from OPEC + and its production last April, after it was late by about 60,000 barrels from its quota last March.
According to a Reuters report, the compliance of the Organization of the Petroleum Exporting Countries (OPEC) with the cuts pledged last April amounted to 164%, compared to 151% in March, while the increase in OPEC production was less than the planned increase due to the decrease in production in Libya and Nigeria.
According to a survey conducted by "Reuters", the Organization of the Petroleum Exporting Countries "OPEC" pumped 28.58 million barrels per day in April, an increase of 40 thousand barrels per day from the previous month, and less than the 254 thousand barrels per day stipulated in the supply agreement.
According to Reuters surveys, production is less than the increases pledged from October to March, as many producers lack the ability to pump more crude due to a lack of investment, a trend exacerbated by the pandemic.
These interruptions limited the impact of the “OPEC” production increase, as major producers fulfilled their commitments to increase supplies. The survey found that the largest increase in April amounted to one hundred thousand barrels per day and came from Saudi Arabia.
And Iraq, which announced a monthly increase in its exports, boosted its production by 80,000 barrels per day. The UAE committed to increasing its share, adding 40,000 barrels per day, while Kuwait's production increased by 10,000 barrels per day.
While Iraq added 80,000 barrels per day to its production in March, this means that it produced 4.397 million barrels per day, which is less than its quota in April by 17,000 barrels per day, as its quota in April is 4.414 million barrels per day.
In March, its production quota was 4.370 million barrels per day, of which only 4.309 million barrels were produced, a difference of 60,000 barrels per day.
While the difference was around 60,000 barrels per day last month, in April it became 17,000 barrels per day, which means that it has shrunk by more than 70%. LINK