Monday Afternoon Iraq Economic News Highlights 7-17-23

The Finance Committee Is Likely To Launch The Implementation Of The Budget Law Tomorrow

2023-07-17 Shafaq News/ The Parliamentary Finance Committee ruled out, on Monday, the impact of the Iraqi government's appeals on articles of the general budget law in the continuation of the law, suggesting that the implementation of its articles will start from tomorrow.

Committee member, Representative Jamal Koujar told Shafaq News agency, "The appeals submitted by the government against articles and paragraphs of the budget law are the ones that stop, not the budget law."

Cougar suggested that the cabinet session tomorrow, Tuesday, would be the beginning of the launch, and the implementation of the budget law in ministries and state institutions.

Cougar stressed that the Ministry of Finance should be ready to implement the budget law, and we do not know the reasons for the delay in implementing the law.

On the third of July, the head of the federal government, Muhammad al-Sudani, submitted an appeal to the Federal Supreme Court against a number of paragraphs of the budget law, with a request to the court to issue a (state order) to stop the implementation of these articles after the law entered into force until the court decided to challenge the constitutionality of these articles.

On June 12, the Iraqi parliament voted on the financial budget for the three years (2023-2024-2025), with a value of 198.9 trillion Iraqi dinars ($153 billion) for each year.   LINK

Parliamentary Fortunes Depend On Passing The Oil Law On Political Consensus

July 16   Information/Baghdad.. A member of the Oil, Gas and Natural Resources Committee, Sabah Sobhi, pledged today, Sunday, to pass the oil law, to achieve consensus and remove many obstacles.

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Sobhi said in an interview with Al-Maalouma Agency, "The oil and gas law must be submitted to parliament because of its economic importance and its impact on the nature of the political relationship, according to the agreement concluded between the political parties that formed the government.”

He added, "The draft law is still with the government due to the outstanding political differences regarding the law," noting that "the law needs political consensus among all parties without exception."

And he continued, "Seeking to create a suitable environment to solve some of the accumulated problems to proceed with the legislation of the law during the current parliamentary session," pointing to "the continuation of work to solve all problems on the law and put it on the parliament table for the purpose of discussion.”   LINK

It Is Long Overdue.. The Oil And Gas Law Is About To Be Passed In Agreement Between Baghdad And Erbil

Information/Baghdad...  The lack of commitment of the Kurdistan Regional Government to oil exports and the quantities specified for export abroad, in addition to the loss of revenues and the lack of knowledge of the real numbers, prompted Baghdad in the last period to hold a meeting with Erbil in order to agree on specific mechanisms to ensure that oil is not smuggled and real revenues reach the capital.

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Strengthening this agreement comes by proceeding with the legislation of the oil and gas law in order to bind the region to its paragraphs and punish it in the event of breach or export in a manner contrary to the law, which is expected to see the light during the next few period.

A member of the Oil and Gas Committee, Sabah Sobhi, told Al-Maalouma, “The draft oil and gas law is still with the government due to the outstanding political differences regarding the law, as it needs political consensus between all parties without exception. "

Sobhi added, "There is an effort to create a suitable environment to solve some of the accumulated problems to proceed with the legislation of the law during the current parliamentary session."

He pointed to "the continuation of work to solve problems with the law and put it on the parliament table for the purpose of discussion." 

Representative Alaa Al-Haidari from the same committee confirms, during his interview with Al-Maalouma, that "the government program, and according to what was agreed upon by the State Administration Coalition, the oil and gas law will be legislated soon."

Al-Haidari added, “The legislation of such a law is an urgent necessity, as it regulates the method of extracting oil and minerals throughout Iraq, including the Kurdistan region, as well as regulating oil revenues.”

He continued, "This project is of economic importance and is bound to deliver oil revenues through the Federal Oil Marketing Company, as well as knowing the quantities exported, especially since there is an agreement between Baghdad and Erbil to legislate the law, and therefore the House of Representatives will work to legislate it during the next stage.

On the other hand, a member of the Al-Fatah Alliance, Aed Al-Hilali, told Al-Maalouma, that "passing the oil and gas law from the House of Representatives will contribute to resuming the region's oil exports to Turkey by resolving all outstanding internal problems with Kurdistan.”

Al-Hilali pointed out that "there is a serious effort by the committees set up by the government to negotiate with the Turkish side to resume oil exports."

Despite the economic importance of the Iraqi Oil and Gas Law, which has been awaiting legislation in Parliament since 2005, which stipulates that the responsibility for managing the country's oil fields must be entrusted to a national oil company, which is exclusively supervised by Baghdad, the Dispute is over the issue of managing the oil fields of the Kurdistan Region of Iraq. It was prevented from being voted on for many years. LINK

Political Movement: Washington Imposes A Blockade On Iraq In The Energy File

Information/Baghdad...   On Monday, the Secretary-General of the Jihad and Building Movement, Jawad Al-Saadi, denounced America's attempts to create problems between the government and the people, pointing out that Washington imposes a siege on the country in the energy file and does not allow The entry of companies other than its failed companies to work on electricity projects.

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Al-Saadi told Al-Maalouma, "America does not have the ingredients that can improve the electricity situation in Iraq, and the General Electric Company has become very unsuccessful, at a time when Iraq is going through a major crisis that needs the presence of solid companies to save the energy file."

He added, "The US administration is exercising a policy of pressure on Iraq by controlling the electricity file and not allowing contracts with the German company Siemens or other international or Chinese companies in this sector."

And he indicated that "Washington worked to exert maximum pressure against Iraq, so that it did not allow the entry of discreet companies to revive the electricity file and did not give Iraq an opportunity to buy Iranian gas." LINK

Parliament Describes The Government's Move To Barter Iranian Gas As "Smart"

Information/Baghdad..  The Parliamentary Planning Committee described, on Monday, the Sudanese government's move to take action to solve the electricity crisis for the stations that supply Iranian gas by bartering black oil for the right and smart ones.

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The deputy head of the committee, Muhammad Al-Baldawi, said in an interview with Al-Maalouma, that “the government discussed many solutions in order to solve the problems of Iranian gas and the US sanctions that prevent Iraq from sending amounts of imported gas.” to operate electrical stations," noting that "the step of exchanging gas for black oil is correct." And smart.”

Al-Baldawi added, "The malicious voices rejecting the barter agreement with Iran under the pretext of wasting money, previously refused to import gas from other countries and worked to support the energy sector remaining dependent on the hands of the Americans."

He pointed out, "The Sudanese government's step to take action to solve the electricity crisis for the stations that supply Iranian gas in exchange for black oil is a correct and smart step that was carefully studied."

He pointed out that "the Iranian-Iraqi agreement achieved two things, the first is the continued supply of Iranian gas without interruption, and the second is the exploitation of black oil after it was smuggled and sold at low prices to the Gulf countries." LINK

An Expert Calls For The Application Of Safety Measures To Lift The Ban On Iraqi Airways

Economy News – Baghdad  Aviation expert Faris al-Jawari called, on Monday, on the Iraqi government to implement ICAO's USOAP operational safety audit program in order to lift the ban on Iraqi airlines from flying over Europe.

Al-Jawari said, "Lifting the ban on Iraqi Airways can only be done by developing safety, security and navigation procedures for the Iraqi aviation sector, and disengaging the operational management of Baghdad Airport from the Civil Aviation Authority," noting that "the tasks of the Civil Aviation Authority should be limited to monitoring the performance and work of airports." .

He continued, "Therefore, the administrative restructuring of the joints of the Civil Aviation Authority must be made and made a supervisory authority over Iraqi aviation, with a focus on the presence of air safety inspectors and attention to developing training and qualification procedures for all Iraqi aviation cadres, because it is the basic step to building a professional and efficient aviation sector."

On June 9, 2023, Representative Amer Abdul-Jabbar announced that the EASA organization had extended its ban on Iraqi Airways from flying over European airspace.

Abdul-Jabbar told Al-Iqtisad News that the EASA organization issued an extension of the ban on Iraqi Airways, which was imposed for the first time on the company in 1991.

He added that the ban was not lifted until after we worked in the Ministry of Transport in 2009, but after we left the ministry at the end of 2010, performance declined, until the ban was reinstated in 2015.

He added that since 2015, successive governments have not realized that the ban is not a political matter or a clan issue, and the travel of begging and pleading does not benefit, and does not need a prestige or a fortune-teller. Rather, the matter is there are regulations of the International Civil Aviation Organization (ICAO) and the European Air Navigation Safety Agency (EASA) that must be applied.

Views 19  Added 07/17/2023 - https://economy-news.net/content.php?id=35183

Parliament Is Preparing To Pass Important Laws In Its Second Legislative Term

The first  2023/07/17  Shaima Rashid  During its current session, the House of Representatives is preparing to enact important laws affecting the life of the citizen, as well as hosting some ministers on important files such as the water file and the black oil barter agreement with Iran.

Member of the House of Representatives, Ahmed Al-Sharmani, stated in an interview with “Al-Sabah” that “the subject of the salary scale for employees is in the prime minister’s court, and the draft has been completed and recommendations have been submitted to the Prime Minister by the Ministry of Planning, the Ministry of Finance and the General Secretariat of the Council of Ministers,” indicating that Parliament is waiting A decision by the Prime Minister in this regard, which includes financial consequences, but social justice is an important detail for the sustainability of the political process and security, economic and social stability.

With regard to the legislation of laws, Al-Sharmani explained that "Parliament in this chapter has important files to discuss, including the water and energy file, and the recent agreement between the Iraqi and Iranian sides regarding gas supplies, so we will seek to host the relevant ministers for the purpose of identifying the imbalances and addressing them." In accordance with the constitutional frameworks,” noting that “any official who violates his moral, national and constitutional obligations and exploits the position for his personal purposes, and is negligent in delivering the services that the Iraqi street needs, Parliament will have a firm position with him.”

Al-Sharmani added, "The previous legislative chapter witnessed the adoption of an important law, which is the retirement and social security law, so it seeks to pass laws of this size and importance, such as the (oil and gas) law and the consolidation of social justice, through important laws that can be approved in this chapter, as well Matters affecting the Iraqi family. 

 Edited by: Wael Al-Malook  https://alsabaah.iq/80778-.html