Iraqi News Thursday Afternoon 5-5-22
Iraqi News Thursday Afternoon 5-5-22
TLM724 Administrator BondLady’s Corner
Ahmed Al-Rubaie to / Nina /: We welcome any positive external intervention to solve the current crisis
Thursday 05 May 2022 15:06 | political Number of readings: 170 Baghdad / NINA / - Member of Parliament Ahmed Al-Rubaie expressed his welcome for any positive external intervention to resolve the current crisis.
In a statement to the National Iraqi News Agency ( NINA ), he said: "There is no external pressure exerted on the active political forces to give precedence to one party over another, and each party is still presenting initiatives to resolve the crisis."
Al-Rubaie added: "We are with any positive intervention to bring the views closer without imposing or negative interference or dispersing the political parties in the manner of choice and advice."
The two parties to the current political process, the Alliance to Save a Homeland, consisting of the Sadrist bloc, the Sovereignty Alliance, the Kurdistan Democratic Party, and the coordination framework, did not reach a direct solution to the crisis, and the leader of the Sadrist movement, Muqtada al-Sadr, asked the independents to form the next government./End 3 https://ninanews.com/Website/News/Details?key=974119
Clarification From The Ministry Of Oil After The Decision To Keep OPEC On Its Strategy Unchanged
Thursday, May 5 2022 5:00 PM National News Center/ Baghdad Today, Thursday, the Ministry of Oil issued a statement after OPEC's decision to keep its strategy unchanged despite the challenges facing global oil markets.
The ministry said, in a statement received by the National News Center, that "the ministerial meeting of oil-exporting countries (OPEC) and non-OPEC producing countries decided to maintain their previous strategy regarding production restrictions without change."
Undersecretary of the Ministry, Hamed Younis, who headed the Iraqi side in the meetings of the Organizations of Petroleum Exporting Countries and OPEC Plus, and the Ministerial Committee for Monitoring Production via video, said, according to the statement, that "the meetings concluded to maintain the previously established production levels without change, and to proceed with the (OPEC Plus) plan."
Towards gradual increases and according to the timetable of the strategy that was approved last year, which aims to achieve a balance between supply and demand and according to the requirements and needs of the global oil market, which faces many challenges that affect its stability.
For his part, the ministry’s spokesman, Assem Jihad, confirmed that “(OPEC Plus) and the research and specialized bodies in the organization will monitor the developments of the global oil market during the next stage, as they are every time, through preparing technical reports and recommendations for ministerial meetings, where dealing is done. realistically with the market, according to the variables by the producers, and in a manner that leads to more stability and the required balance.”
Jihad stressed that "the (OPEC Plus) strategy includes increasing production at a rate of (432 thousand barrels) per day during next June 2022."
It is noteworthy that this increase is divided among the producing countries and according to the previously approved production rates. https://nnciraq.com/125781/
International website: Iraq and Saudi Arabia.. Europe's next oil destination
Thursday 05 May 2022 14:33 | economic Number of readings: 176 Baghdad / NINA / - The Standard & Poor's Global financial research and analysis platform published a report, in which it expected that the European Union's plans announced on May 4 to halt Russian oil imports by the end of the year will lead to reshaping global energy flows and increasing price pressure as buyers race To secure new supplies.
And she stated in her report: "The nominations of the Iraqi Basra Medium Oil Company and Saudi Aramco have become common choices for European refineries because they are looking for suitable alternatives to Ural oil of medium acidity."
She expected these two countries to raise their prices to European countries if their refineries depended on their oil.
The European Union plans to ban Russian crude oil for the next six months and refined fuel by the end of the year, as part of a sixth round of sanctions. https://ninanews.com/Website/News/Details?key=974115
Electricity Enters A New Energy Transmission Line In Preparation For Summer
Energy Economy News _ Baghdad Today, Thursday, the Ministry of Electricity announced the introduction of a new power transmission line in preparation for the summer.
The ministry said in a statement received by "Al-Iqtisad News", that it "is working with its higher management and its working staff to fulfill its obligations, to achieve the desired vision, message and service that it seeks to embody a reality experienced by the people of this country," noting that "the staff of the General Electricity Transmission Company for the Southern Region was able to:
The introduction of the 400 kV double-circuit electric power transmission line (Rumaila Gas - Khor Al Zubair), as the first line of its kind to be implemented in the southern region, with a length of 70 km, and a transmission capacity of 2000 megawatts in Basra Governorate.
She added, "The project, which was directly supervised by the company's general manager, Ziyad Ali Fadel, includes the erection of 171 towers in two circles with special technical specifications, some of them reach a height of 85 meters, and with different dimensions designed to cross the conflicts in the areas of Al-Rumaila, Khor Al-Zubair, 132 kV lines, distribution feeders and main streets. and oil fields, using wires of the type (ACSR490/65) and for the two circuits of the aforementioned line.
And she indicated that "the final connection works and the necessary checks on the line were completed and I entered the work," explaining that "this line will contribute to strengthening and linking the Rumaila gas power plant to the national system, and will work to stabilize the electrical system in the southern region in particular and Iraq in general."
It is worth noting that the company's staff have accomplished, during the last three years, many important infrastructure projects that contributed to the stability and upgrading of the efficiency of the national system in general, and the province of Basra in particular.
Views 121 Date Added 05/05/2022 https://economy-news.net/content.php?id=27883
The Dollar Recorded A Rise In The Local Markets
Economie| 11:09 - 05/05/2022 Baghdad - Mawazine News: The dollar exchange rates recorded an increase today, Thursday, in the local markets. And the selling prices of the dollar
were recorded at 148.250 dinars per 100 dollars, while the purchase prices were recorded at 147.250 dinars per 100 dollars.”
Selling it to the banks has been set at 1460 dinars per dollar, while the selling price to the citizen is 1470 dinars per dollar.” Ended 29/M 99 https://www.mawazin.net/Details.aspx?jimare=192134
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