More Iraqi News Friday PM 6-4-21
More Iraqi News Friday PM 6-4-21
TLM724 Administrator BondLady’s Corner
In the document.. Parliamentary Finance Calls For Hosting The Governor Of The Central Bank On The Rise In The Dollar Exchange
Time: 06/05/2021 15:29:57 Reading: 1,521 times {Political: Al Furat News} The Finance Committee in the House of Representatives demanded to host the Governor of the Central Bank regarding the continuous rise in the dollar exchange rate.
Member of Parliamentary Finance submitted a request to host the Governor of the Central Bank, to find out the reasons for the continuous rise in the exchange rate of the dollar against the dinar. LINK
Oil Prices Are Advancing Towards $72 A Barrel, Supported By Demand Expectations/Expanded
Friday 04 June 2021 16:29 | Economic Number of readings: 55 Baghdad / NINA / - Oil prices rose towards $72 a barrel today, Friday, to be trading near its highest level in two years, as the OPEC + plan on supplies and the recovery of demand overshadowed concerns about the irregular activity of vaccinations against Covid-19 globally.
The Organization of the Petroleum Exporting Countries (OPEC) and its allies said they were going ahead with the agreed supply restrictions. Thursday's weekly supply report showed US crude inventories fell more than expected last week.
Brent crude rose 33 cents, or 0.5%, to $71.64 a barrel. Yesterday, it reached its highest level during the session at $71.99, its highest level since May 2019. US West Texas Intermediate crude rose 22 cents, or 0.3%, to $69.03.
On a weekly basis, Brent is heading for an increase of more than 2.8 percent and WTI is heading for a rise of 4%./End 8 https://ninanews.com/Website/News/Details?key=908059
Oil Minister: Russian Investments In Iraq Are Estimated At Billions Of Dollars
Economie| 10:42 - 04/06/2021 Baghdad - Mawazine News, Minister of Oil, Ihsan Abdul-Jabbar, spoke about the investments of Russian companies in the Iraqi oil sector, noting that the investments of the Russian "Lukoil" company in Iraq are estimated at billions of dollars.
On the sidelines of his participation in the Petersburg Economic Forum, the Iraqi Oil Minister said that "the history of cooperation with Russian companies dates back to the 1970s."
He pointed out that "Russian oil companies have carried out several major projects in Iraq, which is still produced to this day, and the Russian companies involved in this day in many of the major energy projects in Iraq, a member country of the Organization of " OPEC ".
And companies The Russian, which is active in the Iraqi oil sector, indicated that "Gazprom Neft", "Lukoil" and "Rosneft", and said that "Lukoil" is a major investor in the "West Qurna-2" field.
He pointed out that "Lukoil's investments in Iraq are estimated at billions of dollars," noting that "it is expected that oil production from the "West Qurna-2" field will reach one million barrels per day next October."
He added, "The share of Russian investments in the Iraqi oil industry is at a large level," stressing that "Baghdad provides great support to Russian companies operating in Iraq." https://www.mawazin.net/Details.aspx?jimare=155732
Parliament Defers The Oil And Gas Law For Its Next Legislative Session
Political | 02:49 - 04/06/2021 Baghdad - Mawazine News The Parliamentary Oil and Energy Committee confirmed, on Friday, that the oil and gas law will be carried over to the next legislative session.
Committee member Amjad Hashem Al-Uqabi said, according to government media, that "the House of Representatives cannot initiate the oil and gas law," noting that "this law is still present in the parliament, and it can be voted on during the next legislative session."
He added that "the Council will vote in its next sessions on the draft law of the National Oil Company."
With regard to the issue of electricity, Al-Uqabi explained that "the coming days will witness the operation of the Al-Jasiyah station," noting that "the opening of this station is an achievement for the Ministry of Electricity."
He pointed out that "technical and engineering cadres in the Ministry of Electricity are able to address the problems that may occur in electric power during the summer and high temperatures, despite the presence of financial austerity," noting that "in the event that Iranian gas arrives, the electric power stations will work fully, The rate of supplying citizens with electricity will be 4 hours of operation compared to 2 hours of extinguishing. https://www.mawazin.net/Details.aspx?jimare=155761
Ports Start Their Electronic Business With The Help Of Canadian Experts
Time: 06/04/2021 10:53:54 Reading: 1,768 times {Economic: Al Furat News} The cadres of the Electronic Management Authority in the Ministry of Transport, which is affiliated with the General Company for Ports of Iraq, started its work in cooperation with the experts of the Canadian Logastro Company.
The ministry stated in a statement that the agency {Euphrates News} received a copy of today that "a road map for digital transformation and port automation has been developed, and the two teams headed this morning towards the ports of Umm Qasr and Khor Al-Zubair for the purpose of reviewing the mechanism of work and collecting data," stressing "its support for this great project, which will make From the ports of Iraq that match the ports of the region and the world, instructing all the ports, departments and people of the company to provide them with full support.
Mohamed Jawdat, the director of the electronic management project in the company, who was at the head of the delegation accompanying the experts of the Logastro Company that visited the ports of Umm Qasr, said: Today, the first visit was made with the delegation of the consulting company, with the presence of the cadres of the Al-Riya Group, and in the coming days, the visits will be repeated, both to the ports and to the departments and joints of the company in order to allow The consulting company integrated data collection.
Jawdat added that this project is one of the vital and important projects, which will change the work environment of the port management from the classic, which depends on paper work to work within the electronic environment, revealing that the electronic transformation will achieve the one sea gate system in accordance with the requirements and agreements of the International Maritime Organization through speedy performance and accuracy in working according to Less effort. LINK
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