Iraqi News Monday Evening 6-27-22
Iraqi News Monday Evening 6-27-22
TLM724 Administrator BondLady’s Corner
Economist: Three Factors Behind The Reluctance Of European Companies To Deal With Iraq In The Oil Sector
Monday 27 June 2022 10:55 | Economic Number of readings: 240
Baghdad / NINA / - The expert in economic affairs, Malaz Al-Amin, confirmed that three factors are behind the reluctance of European companies to deal with Iraq in the oil sector in the recent period.
Al-Amin said in a statement to the National Iraqi News Agency ( NINA ): "European oil companies warn against dealing with Iraq due to the unstable security and political situation with the increasing Chinese influence in the oil sector, in addition to the presence of an article in the Iraqi constitution, which is Article 111 of the constitution, which It states that oil and gas is the property of the Iraqi people,
so production-sharing contracts for oil fields that give the contractor a share of the extracted oil with the freedom to dispose of his share of the quantities produced, and sell them at the place and time specified by the contractor is a violation of the above article, which requires European oil companies to be careful in dealing with the oil sector.
There are reports that the major oil companies operating in Iraq intend to completely withdraw from investment in the oil sector, as the Russian company "Lukoil" sent official notifications saying that it wants to sell its share in the West Qurna-2 project to China.
The British company BP is also considering withdrawing, as did the American companies Royal Dutch Shell and ExxonMobil, according to statements by Oil Minister Ihsan Abdul-Jabbar made during a parliamentary session on June 29.
The volume of Iraq's oil production is more than 4 million barrels per day, according to the determinants of "OPEC Plus", while the export volume is more than 3 million barrels per day, "according to the graphs of the Ministry of Oil."/ End 8 https://ninanews.com/Website/News/Details?key=984629
An American Oil Company Withdraws From Kurdistan.. (Document)
Economie| 11:57 - 06/27/2022 Follow-up - Mawazine News, the American company Schlumberger Oil Field Services announced, on Monday, its withdrawal from the Kurdistan region in compliance with the decision of the Federal Court.
The official news agency quoted "responsible sources" as saying that "the American company Schlumberger sent a letter with an official document to the Iraqi Oil Ministry in its commitment to Federal Court Decision No. 59, which includes not dealing with the Kurdistan region regarding the oil file."
Earlier, the American company "Baker Hughes", the global giant in the field of oil field services, announced its withdrawal from the Kurdistan region in compliance with the decision of the Federal Court. Ended 29/N33 https://www.mawazin.net/Details.aspx?jimare=197770
Iraq Market: Shares Traded With More Than Seven Billion Dinars During The Past Week
Monday 27 June 2022 14:41 | EconomicNumber of readings: 131
Baghdad / NINA / - The Iraqi Stock Exchange announced today, Monday, the trading of shares, with a financial value of more than seven billion dinars, during the past week.
The market said in a report, "The number of companies whose shares were traded during the past week amounted to 53 joint-stock companies, while the shares of 36 companies were not traded due to the lack of convergence of purchase orders prices with sales orders, and 14 companies continued to be suspended for not providing disclosure out of 103 companies listed in market".
And he indicated that "the number of traded shares amounted to four billion and 110 million and 295 thousand shares, with a financial value of seven billion and 20 million and 373 thousand dinars through the implementation of 3446 deals."
He added that "the ISX60 traded price index closed at 581.16 points, recording a 1.29% decrease from its closing in the previous session."
The market indicated that "the number of shares purchased from non-Iraqi investors last week amounted to 579 million shares, with a financial value of 990 million dinars, through the implementation of 96 deals, while the number of shares sold from non-Iraqi investors amounted to 856 million shares, with a financial value of one billion and 92 million dinars from During the implementation of 380 deals.
It is noteworthy that the Iraq Stock Exchange organizes five trading sessions per week from Sunday to Thursday, and 103 Iraqi joint stock companies are included in it, representing the sectors of banking, telecommunications, industry, agriculture, insurance, financial investment, tourism and hotels./End of p.
https://ninanews.com/Website/News/Details?key=984690
For The Second Day, The Dollar Exchange Rate Fell In The Iraqi Market
Economie| 10:08 - 27/06/2022 Baghdad - Mawazine News The dollar exchange rates continued to decline in the Iraqi Stock Exchange.
Today, Monday, the selling prices of the dollar were 148,100 dinars per 100 dollars, while the purchase prices of the dollar were 148,000 dinars per 100 dollars. Ended 29/N33
https://www.mawazin.net/Details.aspx?jimare=197761
The Governor Of The Central Bank Of Iraq Meets The Higher Committee For Lending
Monday 27 June 2022 14:25 | Economic Number of readings: 174
Baghdad / NINA / - The Governor of the Central Bank of Iraq, Mustafa Ghaleb Mokhif, met today, Monday, the head of the Supreme Committee for Supervision of Central Bank of Iraq loans and its members.
The governor presented "the background from which the initiative was launched as a result of the security, political and financial challenges that faced Iraq when the state was in a difficult situation, and the real sector faced problems in financing and sustainability," noting that: "It was necessary for the Central Bank to intervene to restore life to the economy and hope to its workers." ".
The Chairman of the Committee reviewed the achievements of the initiative and the number of projects that were funded in the housing, industry, agriculture, commercial and service sectors.
The governor promised "to support the banks and coordinate with the Ministry of Finance to overcome the difficulties they are facing."/ https://ninanews.com/Website/News/Details?key=984688
The Governor Of The Central Bank Promises To Support The Banks And Overcome The Difficulties They Face
Today, Monday, the Governor of the Central Bank, Mostafa Ghaleb Makheif, pledged to support banks and overcome the difficulties they face.
A statement by the Central Bank stated, "The Governor of the Central Bank of Iraq, Mustafa Ghaleb, met today with the Chairman of the Supreme Committee for Supervising Central Bank loans and its members," noting that "the governor presented the background that the Central Bank initiative launched as a result of the security, political and financial challenges that faced Iraq when it was The country is in a difficult situation."
Mokhif explained, according to the statement, that "the real sector is facing problems in financing and sustainability, so it was necessary for the Central Bank to intervene to restore life to the economy and hope to its workers," pledging "to support banks and coordinate with the Ministry of Finance to overcome the difficulties they face."
For his part, the Chairman of the Committee reviewed "the achievements of the initiative and the number of projects that have been funded in the housing, industry, agriculture, commercial and service sectors."
https://www.radionawa.com/all-detail.aspx?jimare=30087
Trade: Marketing Of Wheat In Kurdistan Is A Positive Indicator Of Cooperation Between The Region And The Center
Economie Yesterday, 21:55 Baghdad – INA The Ministry of Commerce confirmed today, Monday, that the efforts being made in Kurdistan to market wheat are a positive indicator of cooperation between the region and the center to face the challenges of the global grain crisis and make the marketing season successful.
The General Company for Grain Trade of the Ministry of Commerce said in a statement received by the Iraqi News Agency (INA), that "the Director General of the General Company for Grain Trade, Muhammad Hanoun, discussed with the Governor of Halabja Azad Tawfiq the reality of the services provided by the departments and companies of the Ministry of Commerce in the governorate and the mechanisms for the success of the marketing season for the crop." Wheat 2022.
Hanoun stressed during the meeting, according to a statement, that "the efforts being made now in the governorates of the region to market wheat are a positive indicator of cooperation between the region and the center to face the challenges of the global grain crisis and the success of the marketing season, which achieves good gains after the marketed quantities reach two million tons," noting that
"the company The General Grain Trade will study the proposal to open a branch in the governorate to overcome obstacles to work and support the governorate’s directions in completing its service and production institutions, as well as supporting farmers and farmers by paying dues for marketing quantities of wheat to marketing centers and within 72 hours of delivering the wheat crop.
He pointed to "the importance of supporting investors and farmers in the province by supporting the agricultural sector and using the large areas through which the province can be the breadbasket of Iraqis, especially since there are large areas planted with wheat and other crops that are included in the basic needs of foodstuffs for the Iraqi people."
For his part, the Governor of Halabja stressed the importance of the support provided by the Ministry of Trade to the province in various fields, especially that it is one of the ministries that have high-level coordination with the province and other provinces of the Kurdistan region, which resulted in the preparation of a joint action plan for the success of the marketing season for the wheat crop, stressing
"the need to create branches For companies and commercial departments in the province to follow up on their work and overcome obstacles to work in a way that contributes to developing the performance of services provided to the people of the martyred Halabja province.
The statement added, "Hanoun, accompanied by the Governor of Halabja, visited the marketing center in Sirwan and was briefed on the marketed quantities, the mechanisms of laboratory examination, and the plans for maintaining storage in storage stations, and stressed the importance of the utmost need to receive all marketed quantities from farmers and exercise the highest levels of awareness for the purpose of completing the national mission and receiving what It is found in the storage sites of farmers in their areas, where there are still undelivered quantities.”
And he continued, "The Director General of Grain called for the importance of supporting the governor and the people's dignitaries in the province in inviting farmers and marketers to hand over their crop and overcoming fears of not delivering their financial dues, stressing that Halabja Governorate will enjoy special support from the Ministry of Trade, as it will be the bread basket of Iraqis as a result of cultivated areas and private investments." on the commercial and economic side.
He pointed out that "the visit included the branch of the General Company for Food Stuff Trading in the Sulaymaniyah Governorate, and to see the food basket materials stored in the governorate's stores."
Hanoun stressed, "There is a good store of all the items of the food basket, and
four meals have been distributed, and the
fifth meal of all the items of the food basket has been distributed,"
appreciating "the role played by the commercial departments in Sulaymaniyah and the coordination and integration with the companies and departments of the Ministry of Commerce, which was the reason for the success of the services." The services provided by the ministry to the people of the region, which do not differ from the services provided in other provinces.
Hanoun listened to the pleas of farmers and investors from the sons of Halabja and the Shahrazur plain, who affirmed: https://www.ina.iq/159522--.html
'Depends ON THE EYE PRINT'.. Commerce REVEALS THE DETAILS OF THE ELECTRONIC RATION CARD PROJECT
Monday, 27 June 2022 9:27 AM National News Center / Baghdad Today, Monday, the Ministry of Commerce announced its intention to issue an electronic ration card, to confront redundancy and eliminate red tape.
Director of the General Company for Grain Trade, Muhammad Hanoun, said in a statement to the National News Center that
“the company is discussing the mechanisms for issuing the electronic ration card in coordination with the National Company for Information Technology, as it is likely to rely on the eye print for the purpose of preventing repetition and corruption operations and eliminating routine, Preventing fraud and card manipulation, as well as defining its vocabulary. And he indicated that
"the electronic card project was agreed upon with the World Food Program years ago, as it is characterized by its ability to identify those covered by the ration card through governmental procedures, and therefore measures were taken between the General Company for Grain Trade and the Planning and Follow-up Department of the Ministry for the issuance of the card." He added,
"This project represents a government program that has received the attention of the General Secretariat of the Council of Ministers, the Ministry of Planning and food companies, and is a step in the right direction to achieve it." He pointed out that
"the items of the food basket are secured until the end of this year, as there is financial liquidity to secure the next rations and flour meals." He pointed out that
"the availability of grain in warehouses after the success of the marketing season, which is a positive indication that government measures are effective to face the repercussions of the global crisis, with the presence of financial liquidity to face any crisis." https://nnciraq.com/137504/
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