More Iraqi News Monday Evening 6-20-22
More Iraqi News Monday Evening 6-20-22
TLM724 Administrator BondLady’s Corner
For The First Time In The History Of Iraq, Basra Exports The First Shipment Of Semi-Cooled Gas
Economie| 05:47 - 20/06/2022 Basra - Mawazine News On Monday, Basra Gas Company announced the export of its first shipment of semi-cooled gas through its Umm Qasr port.
In a statement received by Mawazine News, the company's general manager, Malcolm Mays, said: "It is a historic moment recorded by the Basra Gas Company in the history of Iraq. Today we exported the first shipment of semi-cooled gas through the port of Umm Qasr.
It is a really great achievement and deserves to be proud of.
We have worked hard and continuously to achieve this strategic goal by rehabilitating Umm Qasr port and equipping it with the necessary cooling units in order to reap the fruits of this project today,” noting that
it is “a great achievement for the Basra Gas Company and for Iraq, where we are today.”
We are able to load liquid gas in its two forms: compressed and semi-cooled, on board tankers, and
this will increase the number of export tonnages that the company will export to its customers.”
He added, "This step gives us the opportunity to triple our exports globally via tankers, and
it will double the exported quantity per shipment.
In addition, we will have access to many global markets and destinations that deal exclusively with shipments of semi-cooled gas."
“Our future strategic plans seek to double our exports of semi-cooled gas and
then participate in global markets when we are fully able to export refrigerated gas.”
And the Director General added that “the process of cooling liquid semi-cooled gas is based on cooling the gas to the required degrees in order to load it on board tankers with special specifications and within specific pressure rates,” noting that
“the mixed gases are pumped through the refrigeration units to the port of Umm Qasr under certain temperatures.”
The product is cooled to the required degree before being pumped to the tanker, and in fact, the carrying capacity of tankers intended for transporting semi-cooled gas is usually greater than that of compressed gas https://www.mawazin.net/Details.aspx?Jimare=197058
Electricity Begins Investing In Gas Fields And Sets Two Types Of Commitments To Iran
Monday, 20 June 2022 11:21 AM National News Center/Baghdad Today, Monday, the Ministry of Electricity identified two types of financial commitments towards Iran, and
while the Oil Ministry announced that the Ministry of Oil had actually invested in Iraqi gas fields, it confirmed that this would reduce dependence on importing Iranian gas.
And the technical advisor to the Minister of Electricity, Abdul-Wahhab Kazem, said, in a statement followed by the National News Center, that “Iraq’s financial obligations towards Iran are of two types, the
first is financial dues in exchange for the supplied gas, as a formula was reached with the Trade Bank of Iraq TBI to record normal dues, and the second is other dues. For contractors and companies supplying electrical power equipment.
Kazem added, "The issue of gas falls under the jurisdiction of the Ministry of Oil, and
the latter is currently determined and has actually started investing in the very important gas fields in the Okaz and Mansouriya fields."
He stressed, "The investment of Iraqi gas fields will provide very large quantities of gas and reduce dependence on Iranian gas." https://nnciraq.com/136082/
Iraq Ranks Late In The Arab World And Globally In The World Peace Index 2022
Sunday, June 19, 2022 12:05 PM National News Center/Follow-up Today, Sunday, the Iraqi Political Economic Center revealed the numbers of peace and the global economy for the year 2022.
The director of the center, Wissam Hadmal Al-Helou, said in a statement that "Iraq is ranked 16th in the Arab world and 157th globally, according to the latest official statistics issued by the Institute for Peace and Global Economy for 2022."
Al-Hilu indicated that "Iraq has suffered from multiple economic and security crises since 2003 until today due to security events and the entry of the terrorist organization ISIS and the high level of administrative and financial corruption in most successive Iraqi governments," noting that
"the security, economic and social situation and administrative confusion in the country have further deteriorated." Peace Index in Iraq.
Al-Helou indicated that the global peace index declined to its lowest level in 15 years due to the economic uncertainty after the Corona pandemic, global events and the Russian war on Ukraine, while
indicators related to terrorism improved, as 70 countries did not record any attacks during 2021, which is the best result since 2008.″.
And global indicators warned of food insecurity and political instability at the global level, and that
the economic impact of violence in 2021 amounted to 16.5 trillion dollars, equivalent to 11 percent of the global gross domestic product, or the equivalent of 2117 dollars at the individual level.
The ranking of Arab countries according to the “Global Peace Index” for the year 2022 was:
Qatar: ranked 1 in the Arab world and 23 globally
Kuwait: ranked 2 in the Arab world and 39 globally
Jordan: ranked 3 in the Arab world, and 57 globally
The UAE: ranked 4th in the Arab world and 60th globally
Oman: ranked 5th in the Arab world, and 64th globally
Morocco: ranked 6th in the Arab world, and 74th globally
Tunisia: ranked 7th in the Arab world, and 85th globally
Bahrain: ranked 8th in the Arab world, and 99th globally
Algeria: ranked 9th in the Arab world, and 109th globally
Saudi Arabia: ranked 10th in the Arab world, and 119th globally
Egypt: ranked 11th in the Arab world, and 126th globally
Palestine: 12th in the Arab world and 133rd globally
Lebanon: ranked 13th in the Arab world, and 138th globally
Libya: ranked 14th in the Arab world, and 151st globally
Sudan: ranked 15th in the Arab world, and 154th globally
Iraq: ranked 16th in the Arab world, and 157th globally
Syria: ranked 17th in the Arab world, and 161st globally
Yemen: ranked 18th in the Arab world and 162 globally
Iceland ranked first globally in the peace index, followed by New Zealand and Ireland, while Afghanistan, Yemen and Syria were at the bottom. https://nnciraq.com/135844/
Assurances That Iraq's Oil Production Will Reach 8 Million Barrels Per Day In 2027
Sunday, June 19, 2022 6:29 PM National News Center/ Baghdad Today, Sunday, Minister of Oil Ihsan Abdul-Jabbar Ismail confirmed that oil production will reach 8 million barrels per day during 2027, while referring to the continuation of the decisions of the Federal Court related to the region's oil.
Ismail said in a statement to a number of media outlets, followed by the National News Center, that
"Iraq is working to increase its capabilities to raise oil capacity, and
we have large projects to increase production, and
we are committed to reaching peak production, which is 8 million barrels by the end of 2027," noting that
"currently we have projects underway." Achievement in all oil fields, especially in Basra Governorate.”
He pointed out that
"the ministry has infrastructure projects to extend Ceylon pipelines in the sea, and
Iraq is committed to the decisions of the Organization of Petroleum Exporting Countries and is committed to the policy of working in it, because producers must provide oil to all investors."
On the emergency support law, Ismail explained, "The emergency support law did not meet production costs, and
the Oil Ministry registered its protest with the Council of Ministers about that."
And on the companies operating in the Kurdistan region, the Minister of Oil confirmed:
"We are implementing the decision of the Federal Court and all the legal and constitutional legal procedures that were able to implement this decision, and
we will proceed with this step and other steps."
He added, "We believe in federal Iraq, the authorities of the regions and provinces, and the standard administration,
but the principle is to implement the decision of the Federal Court, and more than that is to reach standard methods in managing the entire oil wealth throughout the country."
He explained that "we are committed to our share in OPEC, and we achieve within 100% of this commitment," noting that
"the export ceiling for the whole of Iraq for the month of June will be 3 million and 800 thousand per day, and the month of July will be 3 million and 850 thousand, including Kurdistan because it is part of Iraq."
The Governor Of The Central Bank Of Iraq Receives A Delegation From The Egmont Group
June 20, 2022 The Governor of the Central Bank of Iraq receives a delegation from the Egmont Group
Today, Monday, His Excellency the Governor of the Central Bank of Iraq, Mr. Mustafa Ghaleb Mukhif, received a delegation from the Egmont Group, to discuss Iraq's accession to the group.
During the meeting, aspects of bilateral cooperation between the Central Bank of Iraq and the group were discussed, after due diligence was taken.
His Excellency welcomed the guest delegation, stressing the keenness of the Central Bank of Iraq to strengthen relations with international organizations concerned with combating money laundering and terrorist financing.
During the meeting, His Excellency stressed that the Central Bank of Iraq attaches great importance to
combating all criminal activities and
eliminating sources of money laundering,
terrorist financing and
other financial crimes,
looking forward to expanding the scope of international cooperation in the field of information exchange.
His Excellency added that the Central Bank has taken effective and proactive measures to
protect the banking sector and
combat money laundering and terrorist financing.
The Egmont Group is a global network that promotes communication and interaction between FIUs, named after the venue of its first meeting in Brussels in June 1995, and aims to provide a forum for FIUs around the world to provide support to governments.
Central Bank of Iraq information Office 20 - June - 2022
{NOTE - https://egmontgroup.org/
'As a global organization, the Egmont Group facilitates and prompts the exchange of information, knowledge, and cooperation amongst member FIUs. Click here to access the Egmont Group core documents including the Charter and Principles for Information Exchange Between Financial Intelligence Units.
The Egmont Group provides FIUs with a platform to securely exchange expertise and financial intelligence to combat money laundering, terrorist financing, and associated predicate crimes.'}
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