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Iraqi News Monday AM 6-20-22

Iraqi News Monday AM 6-20-22

TLM724 Administrator BondLady’s Corner

The coordinating framework confirms to / Lina /: We are able to form the government soon

Monday 20 June 2022 09:07 | political Number of readings: 385  Baghdad / NINA / - The coordination framework confirmed its ability to form the new government soon after the change in the political map of the parliamentary blocs.

A member of the coordination framework, the representative of the State of Law coalition, Thaer fearful, said in a statement to the National Iraqi News Agency / NINA /: “The political map has changed after the resignation of the Sadrist movement’s deputies and the announcement of the leader of the movement, Muqtada al-Sadr, to withdraw from the political process, and therefore new MPs, most of them from the framework and independents, will rise. ".

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He explained, "The coordinating framework is coherent and talks are underway with the blocs of Massoud Barzani and Muhammad al-Halbousi," pointing out that it is not in the interest of Barzani or al-Halbousi to repeat the elections or to disrupt the formation of the new government, after the withdrawal of the Sadrist movement. / End 9   https://ninanews.com/Website/News/Details?Key=983328

Economist For / Nina /: Economic Plans That Raise The Level Of The Country's Economy If They Are Implemented Accurately

Monday 20 June 2022 10:28 | economic Number of readings: 222  Baghdad / NINA / - The economic expert, Raad Twij, called for setting accurate economic plans to raise the level of the Iraqi economy.

Twig said in a statement to the National Iraqi News Agency / NINA /: "There are economic plans that the concerned authorities must put in place to raise the level of the country's economy, and include the possibility of Iraq exporting oil derivatives such as gasoline, of which Iraq's consumption amounts to one and a half million tons annually, instead of importing Half of it is from neighboring countries.

He added, "By planning, Iraq can develop its human capital, which it lost during wars and crises, by supporting education and increasing the share of scientific research, which amounts to 9% of its budget annually, most of which goes to salaries, and we can also plan to establish industries that produce goods to replace imported goods and that We support agricultural projects, and their values ​​are given to Iraqi workers."

Twig indicated that the Minister of Finance had mentioned earlier that Iraq plans to export electric power for the coming years, noting: "Iraq lacks electric power greatly, and therefore it must provide power to the Iraqis before exporting it." / End 8   https://ninanews.com/Website/News/Details?key=983348

European Union Ambassador: Importing Iraqi Oil Is A Good Option For Us

Economie| 06:58 - 06/20/2022   Baghdad - Mawazine News  , The Ambassador of the European Union in Baghdad, Villa Variola, confirmed today, Sunday, that importing Iraqi oil is a good option, while noting the importance of completing the tasks of the white paper by the new government.

Variola said, "The changes in the oil market are based on supply and demand, and there is a great impact of the Russian-Ukrainian war and its economic effects, as well as facing many details and guarantees, and through this process the issue has its own ramifications," adding that "European countries are in the midst of searching for New partners and alternatives around the oil import file, but importing Iraqi oil is a good option for us."

He continued, "The Iraqi economy has many potentials and opportunities, and it is a diversified economy, and this diversity at the same time may not be a blessing only."

Variola said that "for us and within the committee supporting economic improvements in Iraq, we support and urge the Iraqi government to significantly improve its steps in implementing the white paper, and it is very important that these tasks be completed by the new government." Ended 29 / h

https://www.mawazin.net/Details.aspx?jimare=196960

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Iraq Reveals Its Plans To Produce 8 Million Barrels Of Oil Per Day During 2027

Economie| 06:23 - 06/19/2022  Baghdad - Mawazine News, Minister of Oil, Ihsan Abdul-Jabbar Ismail, confirmed, on Sunday, that oil production will reach 8 million barrels per day during 2027, while referring to the continuation of the decisions of the Federal Court related to the region's oil.

Ismail said in a press statement followed by / Mawazine News /, "Iraq is working to increase its capabilities to raise oil energy, and we have large projects to increase production, and we are committed to reaching peak production, which is 8 million barrels by the end of 2027," noting that "currently we have projects under completion in all areas." Oil fields, especially in Basra Governorate.

He pointed out that "the ministry has infrastructure projects to extend Ceylon pipelines in the sea, and Iraq is committed to the decisions of the Organization of Petroleum Exporting Countries and is committed to the policy of working in it, because producers must provide oil to all investors."

On the emergency support law, Ismail explained, "The emergency support law did not meet production costs, and the Oil Ministry registered its protest with the Council of Ministers about that."

And on the companies operating in the Kurdistan region, the Minister of Oil stressed: "We are implementing the decision of the Federal Court and all the legal and constitutional legal procedures that were able to implement this decision, and we will proceed with this step and other steps."

He added, "We believe in federal Iraq, the authorities of the regions and governorates, and the standard administration, but the principle is to implement the decision of the Federal Court and more than that is to reach standard methods in managing the entire oil wealth throughout the country."

Ismail explained that "we are committed to our share in OPEC, and we are achieving within 100% of this commitment," noting that "    https://www.mawazin.net/Details.aspx?jimare=196958

Oil Prices Drop, And A Barrel Of Brent Records 112 Dollars

Economie| 08:45 - 20/06/2022  Follow-up - Mawazine News: Oil prices fell on Monday, as concerns about slowing global economic growth and fuel demand offset concerns about tight supplies.

Brent crude futures were down 18 cents, or 0.16%, at $112.94 a barrel by 04:33 GMT.

First month prices fell 7.3% last week, their first weekly decline in five years.

US West Texas Intermediate crude recorded $ 109.29 a barrel, down 27 cents. Ended 29/N33

https://www.mawazin.net/Details.aspx?jimare=196989

The Dollar Rises Against The Dinar

Economie| 09:10 - 20/06/2022  Baghdad - Mawazine News, the dollar exchange rates rose, today, Monday, on the Iraqi Stock Exchange.

The selling prices of the dollar were 148,600 dinars per 100 dollars, while the purchase prices of the dollar were 148,500 dinars per 100 dollars.    https://www.mawazin.net/Details.aspx?jimare=196996

 

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