Iraqi News Tuesday AM 11-24-20
Iraqi News Tuesday AM 11-24-20
TLM724 Administrator BondLady’s Corner
Iraq achieves revenues of more than three billion dollars from exporting oil last month
Pratha News Agency73 2020-11-24 The Ministry of Oil announced, on Tuesday, the final statistics on oil exports for the month of October, confirming the export of more than 89 million barrels with revenues exceeding three billion dollars.
The ministry said in a statement, that "exports amounted to (89) million and (153) thousand and (932) barrels, and the revenues generated amounted to 3 billion and (456) million and (680) thousand dollars."
The statement added that "the average price per barrel amounted to 38,772 dollars."
http://burathanews.com/arabic/economic/381137
Iraq Is Seeking Its First Oil Prepayment Deal To Support Its Finances
Pratha News Agency91 2020-11-24 The Ministry of Oil said that Iraq is seeking to conclude the first-ever deal to prepay crude oil to support its finances in light of its efforts to counter the decline in oil prices and demand due to the Corona virus pandemic.
The country is seeking a five-year prepayment from January 2021 through December 2025 to be returned with shipments of Basra crude, according to a letter sent by the state oil marketing company (SOMO) to its customers.
An official at the Ministry of Oil said, "The prepayment of oil shipments is part of an urgent plan to finance the state budget and overcome the financial crisis."
He added, "We have obligations to OPEC to reduce production. Foreign oil companies' dues must be paid and also to support our economy, and this is the reason why we need to request prepaid financial payments to buy some of our oil shipments."
OPEC and allies including Russia, in the context of what is known as OPEC +, announced record cuts in oil production in the first half of the year with the collapse of demand for crude when the world became almost stalled due to the general isolation measures aimed at combating the Covid-19 pandemic.
OPEC + was due to raise production by 2 million barrels per day in January, but the group is currently considering delaying the increase or deepening the production cut. http://burathanews.com/arabic/economic/381134
Al-Kazemi: Continuous Meetings With Parliament To Correct Errors In The Borrowing Law
Time: 11/24/2020 15:00:31 Read: 2,210 times {Baghdad: Al Furat News} The Prime Minister, Mustafa Al-Kazemi, revealed meetings between the government and parliament "to correct errors in the law on financing the fiscal deficit {borrowing}."
Al-Kazemi said during a cabinet session, today, Tuesday, "We have problems in the borrowing law and it involves some errors, and we have continuous meetings with Parliament to address them."
"Investment is a priority for us, and the government is keen to facilitate all procedures for investors," he added.
Al-Kazemi called on "the ministers to pay great attention to investment projects, to provide job and reconstruction opportunities and revitalize all vital sectors."
He continued, "We have been working to maximize state revenues since the beginning of the formation of the government, which must be matched by providing the best services to citizens." LINK
Mr. Ammar Al-Hakim, To The US Ambassador: The Cross-Components Alliance Represents An Entry Point To Solve The Iraqi Crisis
Time: 11/24/2020 15:19:30 Read: 1,131 times {Baghdad: Al Furat News} The head of the Iraqi coalition, Mr. Ammar al-Hakim, discussed with the US ambassador to Baghdad, Matthew Toller, bilateral relations between Iraq and the United States, stressing "the development of relations in a way that serves the two countries and preserves the sovereignty of Iraq."
Mr. Ammar al-Hakim stressed during the meeting, according to a statement from his office, the Euphrates News Agency received a copy of it "the importance of developing the political process and responding to the changes that have occurred in the social reality in Iraq," pointing out that "the cross-component alliance represents an entry point for resolving the Iraqi crisis and a strategic variable in the political equation." .
Regarding the regional situation, he referred to "the importance of dialogue, calm and focusing on the participants," stressing "the necessity of dialogue and standing in the middle and giving precedence to public interest over private interests."
Mr. Ammar Al-Hakim stressed "the importance of investing human energies and stimulating the Iraqi economy by diversifying sources of income, moving lagging sectors, combating corruption and controlling expenditures to overcome the complex crisis resulting from the decline in oil prices and the outbreak of the Corona virus." LINK
On Behalf Of Iraqis: The Currency Auction Threatens To Bankrupt Iraq And Must Be Stopped
Time: 11/24/2020 13:15:12 Read: 2,015 times {Baghdad: Al Furat News} The representative of the Iraqi coalition, Zahra Al-Bajari, considered the currency auction to the Central Bank of Iraq as a threat to bankrupt the country.
"The currency auction greatly affects the economic situation and the Iraqi economy in general, because this is a hard currency that goes out of Iraq," Al-Bajari said.
She added, "The Financial Deficit Financing Law recently approved, referred to the window for selling the currency," indicating that the law called on the Council of Ministers to automate the tax and customs system and import licenses and to link all units subject to tax and customs to an electronic system immediately, and to collect customs duties for imported goods on the basis of what It was sold from the foreign currency through the window of selling the currency or documentary credits to importers of goods, provided that the differences are settled after entering the imported goods and audited by the concerned authorities in order to prove that the imported materials are real in their purchase and with receipts and are located inside Iraq and there is no smuggling of currency and pressure on The Iraqi economy. "
And called "the Economic Committee in Parliament to follow up this issue as it is at the core of its competence because this issue is very important to preserve the national economy and the existing currency because Iraq will declare bankruptcy due to borrowing and the daily currency auction."
Al-Bajari demanded "to stop this auction because it affects the Iraqi economy greatly, and we will have a pause on this issue, especially as it is trading in the halls of parliament and among the MPs interested in it."
And a member of the Parliamentary Integrity Committee, Kazem Al-Sayyadi, revealed yesterday, Monday, enormous money that had been smuggled by the corruption of the currency auction of the Central Bank of Iraq. Suspect
Al-Sayyadi told Al-Furat News that "the question of the head of the Parliamentary Wisdom Bloc, Faleh Al-Sari, to the Governor of the Central Bank was accurate; but unfortunately, the answer was inaccurate and vague, and we noticed a favoritism for banks at the expense of the Iraqi people, behind which political forces stand to steal the people's money," he said.
He added, "The governor was confused and unconnected in the answers, and we hosted him in the integrity committee. His answers were inaccurate, partial expressions, and inaccurate solutions that betrayed an uninformed personality."
"The Central Bank and the Ministry of Finance are a crime that contains several crimes, including hiding the currency market and selling it to private banks," Al-Sayyadi said, explaining, "The Central Bank allocates millions of dollars to private banks and when searching for their assets, we find that they are weak and not the amount of money allocated to them." LINK
With The Document, Al-Halbousi Forms A Parliamentary Committee To Conduct Dialogues With Baghdad And Erbil
Time: 11/24/2020 14:02:28 Read: 1,664 times {Baghdad: Al Furat News} The Speaker of Parliament, Muhammad al-Halbousi, has directed the formation of a temporary parliamentary committee to be tasked with conducting dialogues with the federal government and the Kurdistan Regional Government, to find solutions in line with the constitution and the law, and to achieve justice in the distribution of wealth among the people.
According to the document issued by the Speaker of the House of Representatives, the Euphrates News Agency obtained a copy of it: It was decided to form a temporary parliamentary committee that includes in its membership all of the representatives whose names are listed below, and is tasked with conducting dialogues with the federal government and the Kurdistan Regional Government to find appropriate solutions in line with the constitution And the law and achieving justice in the distribution of wealth among the people and ensuring it according to legal provisions in the draft federal budget bill for the year 2021. ” LINK
A Parliamentary Committee Confirms Its Readiness To Work To Solve The Problems Between Baghdad And Erbil
Political| 03:52 - 11/24/2020 Baghdad - Mawazine News, a parliamentary committee formed by Parliament Speaker Muhammad al-Halbousi confirmed, on Tuesday, its readiness to work on solving problems between Baghdad and Erbil.
Committee Chairman Muhammad Shi`a Al-Sudani said in a statement, "Based on what was agreed upon with the Speaker of Parliament, Muhammad Al-Halbousi, and given the issuance of the Diwani order honoring us with this national mission, we affirm our full readiness to make every effort we can to serve the unity of our people and preserve the fair distribution of its wealth." ".
He added, "While we affirm that a radical solution to the problems would serve all parties and contribute to the development of the process of investing our wealth, we call on the federal government, the Kurdistan regional government and all leaders and political forces in the region and all the provinces to cooperate and show the necessary flexibility in order to reach real solutions."
For the accumulated problems, after taking the opinion of the political blocs, the Kurdish representatives and the specialized committees. "
He pointed out, "The success of this mission could be an example of the ability of the Iraqis to solve their problems by themselves and without external interference." https://www.mawazin.net/Details.aspx?jimare=131632
The Launch Of The Conference Of Chambers Of Commerce For America And The Kurdistan Region
Economie| 07:01 - 11/23/2020 Baghdad - Mawazine News The conference of the chambers of commerce of the United States and the Kurdistan region was launched, through video conferencing, with the participation of the President of the Regional Government, Masrour Barzani, and Mark Wesley Menez, the US Under Secretary of Energy.
"We have a clear strategy in developing the economy of the Kurdistan region, and we are working to activate the private sector, and we seek to diversify our sources of income, and we are ready to provide all necessary facilities to international investment companies in all production sectors," Barzani said at the conference, which was held via closed circuit television.
He added, "The doors of the Kurdistan region are legitimate for American investments," referring to "the commitment of the regional government to resolve disputes with Baghdad."
He stressed, "seeking to expand relations with the United States and not be limited to security relations," calling on Americans to "invest in the Kurdistan region."
Masrour Barzani renewed his government's commitment to resolving all disputes with the federal government, stressing that "the Kurdistan region is one of the most stable regions at the level of Iraq and the region, and agriculture in the Kurdistan region can form a food basket for all of Iraq." https://www.mawazin.net/Details.aspx?jimare=131530
Issue No. (4605) Of The Iraqi Newspaper Al-Waqi’a Issued On 23/11/2020
1- Law No. (7) of 2020 (Law of the Republic of Iraq joining the Agreement on Safety and Health in Agriculture No. (184) of 2001).
2- Decision issued by the Committee to freeze terrorist funds No. (42) for the year 2020.
3- Instructions No. (1) for the year 2020 (the fourth amendment to the Instructions for Inclusion of Medical and Health Professions No. (3) for the year 2000).
4- Statement No. (74) for the year 2020 issued by the Supreme Judicial Council (establishing a court of first instance in each appellate area in the name of the court of first instance concerned with commercial cases).
5- Statement No. (Cool for the year 2020 issued by the Ministry of Finance (naming Mr. Abbas Karim Abd Sagheer, the appeals judge, as head of the objection committee to assess the property's value and its benefits in Karbala governorate.
Those wishing to acquire the Iraqi factsheet can refer to the Iraqi investigation department located in Salhiya / Haifa Street (Ministry of Justice building), and obtain the required number. https://www.moj.gov.iq/view.5216/
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