More Iraqi News Saturday Evening 5-28-22

More Iraqi News Saturday Evening 5-28-22

TLM724 Administrator BondLady’s Corner

Al-Kazemi's Advisor: Iraq Is Facing A Comprehensive Renaissance

Economie| 07:28 - 28/05/2022      Baghdad - Mawazine News, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, pointed out today, Saturday, two important economic variables that Iraq is going through.

Saleh said, "The Iraqi economy has now entered a stage of adaptation, development, and release of its own forces and important latent preparations in a positive, promising and unprecedented manner after the dangerous recession that the country experienced in the year of the Corona pandemic 2020 and the past subsequent months."

He added that "Iraq is currently between two important variables, the first of which is the availability of an element of rapid adjustment within society to receive development programs and move towards productive investment and maintain high growth in GDP, and the other is the availability of great capabilities in the oil energy sector, which needs an accelerated renewal of its investments." and its operations in an integrated manner between the activities of extraction and the development of the marketing infrastructure.

He pointed out that "the second variable is accelerating maximizing the role of the energy sector and raising the country's production capabilities of exported crude oil to reach within the coming months 6 million barrels, nearly double the current export to fuel the financing of the rapid and diversified growth situation in the national economy in its other important areas related to employment and growth." high at the same time.

He pointed out that "Iraq is facing a comprehensive and clear-cut renaissance whose features are available in the development programs currently prepared and require their effective launch, and these two require accelerated political stability and direct all joints of the state towards launching the implementation of a coherent development plan that works to spread the diversified employment investments of the gross domestic product and in line with the vision of Iraq 2022-2032, which seeks to achieve a growth rate in national income not less than double the population growth rate.” Ended 29/h

https://www.mawazin.net/Details.aspx?jimare=194726

Planning Is Moving To Implement The Largest Economic And Social Survey In Iraq

Economie| 08:28 - 28/05/2022   Baghdad - Mawazine News  The Ministry of Planning announced, on Saturday, the move to implement the largest economic and social survey operation in Iraq, and while it confirmed that this is linked to the launch of its new strategy to combat poverty, which extends for five years, explaining its features, it shed light on the contents of the reform and recovery plan that began last year and ends in Next year.

Ministry spokesman Abdul-Zahra Al-Hindawi told the official news agency, "The work of the poverty reduction strategy in Iraq for the period from 2018 to 2022 is still continuing," noting that "the plan was subjected to deviation after the events and repercussions that Iraq witnessed in 2020, as a result of the Corona pandemic and what is It was accompanied by a drop in oil prices and the negative repercussions that these two things had."

He added, "In parallel, the ministry launched a short plan extending from the year 2021 to 2023 under the name of the reform and recovery plan from the Corona pandemic with three main axes," noting that "the first axis related to developing the aspect, supporting the private sector and encouraging investment in Iraq."

Al-Hindawi pointed out that "the second axis relates to the social aspect related to the poor, which includes policies in the field of improving the level of health, education and social network, in addition to returning the displaced and achieving social cohesion," explaining that "the third axis is spatial, which is concerned with addressing the development gaps that exist in the governorates according to of the map drawn up by the Ministry of Planning in this field.

Al-Hindawi added, "The spatial axis is concerned with basic services in the field of electricity, water, transportation and other areas related to the issue of public services and development gaps."

Al-Hindawi announced the ministry’s readiness to launch a new strategy to reduce poverty in the country, extending between the years 2022-2027, and as preludes to this strategy, we will start implementing one of the most extensive field surveys, which is the Economic and Social Survey of the Family in Iraq

. Developments and repercussions during the past years,” noting that “according to the results of the survey, we will draw a new line for poverty, as well as identify the hotbeds of poverty and the standard of life of the groups included.”

Al -Hindawi stressed, “The survey will include special questions and important details about the reality of life in the field of education, health and housing .” services, and how to dispose of waste, and what equipment the family owns at home,” explaining that “the results of the survey will be important inputs for the third poverty reduction strategy in Iraq.” Ended 29/R77    https://www.mawazin.net/Details.aspx?jimare=194731

The Stability Of The Dollar Exchange Rates On The Iraqi Local Stock Exchange

Economie| 09:46 - 28/05/2022   Baghdad - Mawazine News, today, Saturday, dollar prices witnessed stability in local markets throughout the country,

and the selling prices of the dollar recorded 148.750 dinars per 100 dollars, while the purchase prices of the dollar recorded 147.750 dinars per 100 dollars.   https://www.mawazin.net/Details.aspx?jimare=194638

Saleh: Iraq Will Export 6 Million Barrels Of Oil In The Coming Months

Economie   Saturday, May 28, 2022 8:34 PM  National News Center/ Baghdad   Today, Saturday, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, pointed out two important economic variables that Iraq is going through.

Saleh said, in a statement followed by the National News Center, that "the Iraqi economy has now entered a stage of adaptation, development, and release of its own forces and important latent preparations in a positive, promising and unprecedented manner after the dangerous recession that the country experienced in the year of the Corona pandemic 2020 and the past subsequent months." .

He added that "Iraq is currently between two important variables, the first of which is the availability of a rapid adjustment element within society to receive development programs and move towards productive investment and maintain high growth in GDP, and the other is the available large capabilities in the oil energy sector, which needs an accelerated renewal of its investments." And its operations in an integrated manner between the extraction activities and the development of the marketing infrastructure.”

He pointed out that "the second variable is accelerating the maximization of the role of the energy sector and raising the country's production capabilities of exported crude oil to reach 6 million barrels within the coming months, nearly double the current export to fuel the financing of the accelerated and diversified growth situation in the national economy in its other important fields related to employment and growth." high at the same time.

He pointed out that “Iraq is facing a comprehensive and clear-cut renaissance whose features are available in the development programs currently prepared and require their effective launch, and these two require accelerated political stability and direct all joints of the state towards launching the implementation of a coordinated development plan that works to spread the diversified employment investments of the GDP and in line with the vision of Iraq 2022-2032, which seeks to achieve a growth rate in national income not less than double the population growth rate.    https://nnciraq.com/131325/

Iraq Plans To Raise Its Oil Production Rates To 8 Million Barrels Per Day

Time: 05/27/2022 23:17:05 Reading: 1,078 times   {Economic: Al Furat News} The Minister of Oil revealed the planned production capacities of crude oil for the period from 2022 to 2028, which aims to reach 8 million barrels per day.

Ihsan Abdul-Jabbar said during a meeting he held with officials in the French Ministries of Energy and Economy, that "the meeting included a discussion of Iraq's potential capabilities in gas production after the completion and completion of plans to develop free gas fields in the provinces of Anbar and Diyala, in addition to investing in gas associated with oil operations." and the possibility of enhancing these quantities produced for international energy security.

The Minister of Oil referred to "the role that Iraq plays in OPEC Plus as the second producer in OPEC and works with producers to achieve the required balance and stability in global markets," praising "the development of bilateral relations with France in a manner that serves common interests."

It is noteworthy that the Minister of Oil, accompanied by a high-level delegation, is holding talks in France in order to strengthen relations and cooperation, and to attract investments in the oil, gas and clean energy sectors. https://alforatnews.iq/news/العراق-يخطط-لرفع-معدلات-انتاجه-النفطي-الى-8-ملايين-برميل-يومياً

Baghdad Is Chasing Kurdistan Oil Companies To Sign New Contracts That End Erbil's Influence

Over the past few years, the federal government has taken legal steps against the region through Iraqi lawyers and filed a lawsuit

Muayyad Al-Terfi Is An Iraqi Reporter                                      

Saturday 21 May 2022 8:39  On February 15, 2022, the Federal Supreme Court of Iraq issued a ruling declaring the unconstitutionality of the Oil and Gas Law of the Kurdistan Regional Government, issued in 2007 (Reuters)

The Iraqi Oil Ministry has started a series of steps to implement the Federal Court’s decision regarding the Kurdistan region’s oil management file and make it a prerogative of the Iraqi government exclusively, after the two parties failed to reach an agreement formula that ends the crisis that has been going on for more than a decade, and

the ministry acknowledged on May 8th the current failure All rounds of negotiations with the Kurdistan region to reach mechanisms to implement the decision of the Federal Supreme Court regarding the energy file in the region, to talk about other solutions that were not disclosed to implement the decision that provides for its management by the central government.

Baghdad's Weakness

Al-Moussawi explained that the reason for not resolving this file is not the regional government, but the weakness of the Baghdad government and its failure to take strict decisions towards the region.

She stressed that there should be penalties for the region for not complying with the law, as well as handing over money to the regional government despite its failure to comply with the budget law.

Failed Policy

A member of the Oil and Gas Committee in the Iraqi parliament, Aso Faridoun, said that the oil policy in the region was not successful and its results were not satisfactory, considering that the legislation of the oil and gas law is the solution to this issue.  https://www.independentarabia.com/node/333666/

 

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