Iraqi News Saturday AM 6-18-22
Iraqi News Saturday AM 6-18-22
TLM724 Administrator BondLady’s Corner
A Promising Statement For Iraq From The Secretary-General Of OPEC: The Demand For Oil Will Increase
Political | 03:50 - 06/18/2022 Baghdad - Mawazine News, Secretary-General of the Organization of Petroleum Exporting Countries "OPEC", Muhammad Barikendo, announced today, Saturday, the need for the international economy for energy and the use of renewable ones, and while noting the scale of the increase in energy use during the next two years, he stressed the need to deal with all challenges to ensure global energy supplies.
During his speech at the Energy Forum, Barkindo said, "I commend the efforts of the Iraqi institutions to prepare this summit and the attendance of high-class experts," noting that "this event comes in difficult periods in this sector, as the world experiences the repercussions of Corona, in addition to the supply interruption due to the Ukraine war."
He continued, "All challenges must be dealt with to ensure global energy supplies, and we need a future vision that enables us to control energy prices and face the dire repercussions of the crises."
He pointed out that "the strategic reserve has been used and more than 30 million barrels have been pumped since May, and we are still looking for solutions to meet the challenges of climate change and challenges in the energy field," adding: "We need sustainable solutions, not urgent, and there is no better than this forum. To find solutions to all the problems.
He stressed "the need for a comprehensive approach to avoid instability in the energy market," noting that "the international economy will need double the energy it consumes from spending 124 trillion dollars in 2020, to 270 trillion dollars in 2024."
And he added, "There will be an increase in energy from 224 million to 300 million barrels in 2024, and there is no energy source that can cover this demand."
He pointed out that "the use of renewable energy in 2020 amounted to 2.24%, and in 2024 it will reach 10%," noting that "the oil need for energy during the past year 2020, amounted to 30%, and in 2045 the need will reach 50%." End 29 /h https://www.mawazin.net/Details.aspx?jimare=196830
Al-Kazemi's Advisor Presents 8 Solutions To Find Additional Resources Outside The Rentier Framework
Economie| 05:17 - 06/17/2022 Baghdad - Mawazine News, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, identified today, Friday, two guarantor pillars for investment and operational production, while offering 8 solutions to find additional resources outside the rentier framework.
Saleh said, "Government employment has become a master of the state's financial leverage with little actual productivity, and has reached the point of danger, despite the positive outlook for the rapid temporary financial accumulation of oil revenues in the current exceptional international circumstance."
He added, "Without finding a sustainable productive association capable of productive employment of unemployed human capital, this matter will remain the first headache for the Iraqi nation's concern in the future of development and economic prosperity."
He continued, "It is necessary to think from outside the box and with priorities that do not definitively depart from the active and honorable role of the productive national private sector and with social foundations, to be the gradual objective alternative to the current operational rentier model, which is a very closed consumer context and effective in employment and a drain on the country's resources prepared for production and the real accumulation of the country's wealth ".
He pointed out that "the state in all its bodies faces a national and moral responsibility in working on the productive employment of the people's forces, and all constitutional bodies must strive to provide a decent and practical option with two pillars guaranteeing investment and operational production, the first: linking the financing of government soft loans or guaranteed by the government itself and granted To market makers in the private sector, the number of workers that will be provided by the digital database of the labor market, and according to legal contracts that guarantee the rights of all parties, and according to a flexible, comprehensive and legally regulated investment program.
He continued: "As for the second pillar, it is the provision of pension rights to all workers in the private sector, according to a parallel formula to the current National Pension Fund, and the Fund deals effectively and flexibly with permanent workers in the private sector, provided that the state assumes part of the financing of the private pension fund and considers it an important part of its structure. Support in the state’s general budget and an embodiment of the state’s socialism in supporting the market.
Speaking about proposals to provide support for the state budget outside the oil-dependent rentier framework, he stressed that "Iraq urgently needs to think (from outside the current rentier fund), and work according to models of partnership between the state and the social market first, and secondly to find financing mechanisms that do not depend on revenues.
The third is to encourage private investment and according to clear long-term government policies, fourthly, to provide flexible means in domestic financing such as dealing with sovereignly guaranteed bonds, fifthly, to recycle funds from surplus units to deficit units capable of investing, and seventh is to re-establish Recycling and allocating financial resources through banks or funds, and finally heading towards work-running and income-generating activities.
He concluded by saying, "What was proposed falls within a future vision that revolves in the mind of Prime Minister Mustafa Al-Kazemi, when he referred to the depletion of the state's operating budget, which consumes depleted oil resources without a productive return." https://www.mawazin.net/Details.aspx?jimare=196740
With 555,000 Barrels Per Day..A Significant Increase In Iraq's Oil Exports To America
Economie| 09:39 - 06/18/2022 Baghdad - Mawazine News The US Energy Information Administration announced today, Saturday, that Iraq's oil exports to the United States increased significantly during the past week, reaching an average of 555,000 barrels per day.
The administration said in a report, that "the average US imports of crude oil during the past week from eight countries amounted to 6.144 million barrels per day, an increase of 647,000 barrels per day from the previous week, which amounted to 5.497 million barrels per day."
She added that "Iraq's oil exports to America amounted to an average of 555,000 barrels per day last week, an increase of 359,000 barrels from the previous week, which averaged 196,000 barrels per day."
She pointed out that "most of America's oil revenues during the past week came from Canada, at a rate of 3.394 million barrels per day, followed by Saudi Arabia at a rate of 681,000 barrels per day, and oil revenues from Mexico at a rate of 608,000 barrels per day, and then Colombia at a rate of 292,000 barrels per day."
According to the administration, "the amount of US imports of crude oil from Ecuador amounted to an average of 227,000 barrels per day, and from Brazil at a rate of 206 thousand barrels per day, and the average imports from Nigeria amounted to 181,000 barrels per day, while no quantity was imported from Trinidad and Tobago and from Russia." Ended 29/AD 99 https://www.mawazin.net/Details.aspx?jimare=196786
Planning Reveals The Latest Developments Of The Population Census Project In The Cities Of Iraq
Local | 01:25 - 06/18/2022 Baghdad - Mawazine News, the Ministry of Planning clarified, today, Saturday, the developments of the population census project, its requirements and the importance of its implementation.
A spokesman for the Ministry of Planning, Abdul-Zahra Al-Hindawi, told the official news agency, Mawazine News, that "the Supreme Census Authority held a meeting headed by the Minister of Planning, during which it discussed the preparations and capabilities available to implement the general population census, and decided that the initial date for the census would be in the last quarter of In 2023, the authority also decided to conduct a trial census at the end of 2022, and approved the electronic form for the census.
Al-Hindawi added that "there is another meeting held with the Higher Population Council and the Prime Minister, and the Council approved all the decisions taken by the authority, including the date, the experimental census and the electronic form," stressing "the need to complete all the basic requirements for implementing the general population census within a year and a half before Conducting a census, foremost of which is a pilot census to test human, technical and logistical capabilities and capabilities.
He continued: "We need a training process for more than 120,000 enumerators to implement the census, including teachers, and we need to provide tablets that will be used for the census. We need 130,000 tablets to be contracted with international companies to equip us with special specifications, and we need To establish a special data processing center in the capital, Baghdad, and we need a process to provide telephone coverage for all of the capital, Baghdad, including remote areas that were not covered by telephone service, to secure the transmission of data from the field to the national center, in addition to the process of conducting inventory and numbering for houses, buildings and families, and these are all requirements essential items that must be completed before carrying out the general population census.
He explained that "the estimated cost set by the ministers for implementation is 120 billion dinars, which was included in the investment budget for the current year 2022," noting that "the problem in not implementing the census in previous years was the financial allocations, and now after converting the program to the investment budget, the task has become easy and therefore We will proceed with the census according to the time limits, and there are integrated plans from the nine different sectors in the ministry that are working in various directions in order to complete the plan and implement it on time.”
He pointed out that "investment projects are disbursed according to the completed percentages, not the full disbursement, meaning that every step that is completed, the amount of its dues is disbursed," stressing that "most of the existing projects are not affected by the budget because when each percentage and stage is completed, the amount is disbursed."
He pointed out that "the census has many tasks, including providing a complete and comprehensive database of the reality of life in Iraq in all its details to be the basis for all development plans and important data for researchers that contribute to solving many problems between the governorates, whether in the disputed areas or distributing wealth in a fair manner."
https://www.mawazin.net/Details.aspx?jimare=196816
The Dollar Is Stable In The Local Iraqi Market
Economie| 10:19 - 06/18/2022 Baghdad - Mawazine News The dollar exchange rates recorded, today, Friday, stability in the local Iraqi markets. The selling price was 149,000 dinars per $100, while the purchase price was 148,000 dinars per $100. https://www.mawazin.net/Details.aspx?jimare=196791
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