More Iraqi News Friday PM 5-7-21
More Iraqi News Friday PM 5-7-21
TLM724 Administrator BondLady’s Corner
Al-Rafidain: Increasing The Fixed Deposit Interest Rate For Depositors With Their Money
Time: 05/07/2021 09:10:41 Read: 3,731 times {Economy: Al Furat News} Al-Rafidain Bank announced an increase in the fixed deposit interest rate for citizens who deposit their money in the bank.
The bank’s media office said in a statement that it had been decided to increase the interest rate on deposits for a period of six months to 4.5 percent. The interest rate on fixed deposits for one year was also increased to 5.5%. The statement added that the interest rate on deposits for two years had been increased to 6.5 percent LINK
Dollar And Gold Prices In Iraq
Time: 05/07/2021 10:12:16 Read: 3,445 times {Economic: Al Furat News} The exchange rate of the dollar against the dinar today reached 149,000 dinars per 100 dollars The price of the dollar against the Iraqi dinar Exchange offices prices: The sale price of the dollar is 149,000 The purchase price of the dollar is 148,000 approximate
The price of the dollar against the Iranian Toman
Baghdad $ 100 2,215,000 tomans approximate
Global foreign currencies
100 € 120.58 dollars
100 pounds $ 139.10
$ 100,827.56 TL
Minerals
The price of an ounce of gold worldwide ⬅ $ 1818.84
Oil
The price of a barrel of Brent crude oil $ 68.40 The price of a barrel of US crude oil 64.95 dollars LINK
Oil Announces The Imminent Signing Of New Contracts To Increase Gas Production
Economie| 12:34 - 05/07/2021 BAGHDAD - Mawazine News The Ministry of Oil announced, on Friday, that new contracts will be signed to increase gas production.
"The ministry has developed an investment plan worth three billion dollars to raise the production capacity of the Basra Gas Company to 1,400 million standard cubic feet per day," ministry spokesman Asim Jihad told the Iraqi News Agency (INA), indicating that "the current production reaches about 900 to a thousand."
One million standard cubic meters from the Basra Gas Company only, "pointing out that" the contract for the development of the Mansouriya gas field, which is one of the fields known as free gas, has been awarded in Diyala province. "
He added that "the production capacity that the ministry aspires to is to reach 300 million standard cubic feet per day," noting that "the ministry has discussions with international companies to develop the gas crutch field, and that discussions are continuing with international companies after the blessed Eid Al-Fitr."
Jihad stated that "the ministry will sign within the coming period with (Baker News General Electric) a contract to develop or invest all the gas in Dhi Qar Governorate," explaining that "an agreement has been made with Chinese companies to invest all the gas in Maysan Governorate."
He stressed that "the ministry recently laid the foundation stone for a very large project, which is to invest 400 million standard cubic feet per day from the Artawi field," stressing that "the ministry has advanced discussions with (Total) after the agreement and the signing of the contract."
Jihad noted that "the company aims to achieve an increase from 300 to 600 million standard cubic feet, and thus Iraq will achieve almost a high percentage of gas associated with oil operations that will generate large quantities and will also be reflected in the Iraqi national production."
https://www.mawazin.net/Details.aspx?jimare=152401
Global Oil Price Recovery
Time: 05/07/2021 10:19:16 Read: 3,705 times {Economic: Al Furat News} Oil prices rebounded after falling 1% in the previous session on the back of booming economic data from China and the United States, despite the rise in the COVID-19 pandemic in India.
By 0616 GMT, July Brent crude futures were at $ 68.40 a barrel, up 31 cents, or 0.5%, while US contracts were. West Texas Intermediate (WTI) crude for June rose 29 cents, or 0.5%, to $ 65.
Brent and West Texas Intermediate are on track for a second weekly gain with easing of movement restrictions in the United States and Europe, restoration of factory operations and coronavirus vaccinations, paving the way for a recovery in fuel demand, while pent-up summer flights are likely to give more results. Increased consumption of gasoline and aviation fuel.
In China, data showed export growth unexpectedly accelerated in April, while a special survey indicated a strong expansion in service sector activity.
But crude oil imports by the world's largest buyer fell 0.2 percent in April from the previous year, to 40.36 million tons, or 9.82 million barrels per day, the lowest level since December.
"The import figure is not the best," said economist Hou Lee of Singapore's OCBC Bank, adding that lower operating rates at independent refineries in east China's Shandong Province last month may have caused the decline.
"However, it is still too early to call for an end to oversupply of commodities in China, as evidenced by the import figures for iron ore and copper," Li said.
In the United States, the world's largest oil consumer, unemployment claims have decreased, indicating that the labor market recovery has entered a new phase in a booming economy. Read more
However, the recovery in oil demand has been mixed as rising cases of COVID-19 in India cut fuel consumption in the world's third largest oil importer and consumer. Read more
"India remains the weak link in the narrative of rising oil prices," said Geoffrey Haley, chief analyst at Oanda.
Energy consultancy FGE said in a note to the customer that the resurgence of COVID-19 in countries like India, Japan and Thailand is hindering the recovery of gasoline demand, although some of that lost demand has been offset by countries such as China as travel overtook the recent Labor Day holiday. . 2019 levels.
“Demand for gasoline in the United States and parts of Europe is progressing relatively well,” FGE said.
"Moreover, we could see an increase in demand with the easing of closures and the release of pent-up demand during the summer driving season." LINK
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