Zig’s Place Chatroom News Friday PM 1-14-22

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14 Jan 22, 05:11 PM butterfly   Al-Ittihad Excludes Zebari From Winning The Presidency Due To Corruption Files

POLITICIAN  LAST UPDATE 01/14/2022 | 9:57 AM  On Friday, the Patriotic Union of Kurdistan ruled out the Kurdistan Democratic Party's candidate, Hoshyar Zebari, obtaining parliament's confidence because of his earlier dismissal on corruption charges.

And the former representative of the Union, Rizan Sheikh Delir, said in a televised interview that she followed / the information / that "the only candidate for the National Union for the presidency is Barham Salih, and we have not reached agreements with the Kurdistan Democratic Party regarding the presidential candidate so far."

And she added, "Two days before the first parliament session, there was a unified agreement between the Yekti and the Party, but in the parliament session we knew that the Kurdistan Democratic Party had an agreement with the current, progress and determination."

She indicated that "Hoshyar Zebari issued a decision to dismiss him from his position as a minister by the House of Representatives, and that the dismissal of a person because of corruption files, how can he be a president and protector of the constitution."

butterfly   Economist: The Current Year's Budget May Recognize 135 Trillion Dinars

Politician  Last Update 01/14/2022 | 9:43 AM  The economic affairs specialist, Muhammad Ali al-Moussawi, explained that the current year's budget may be approved at an amount of 135 trillion dinars, pointing out that the dollar exchange rate needs to be modified according to what the next government sees.

Al-Moussawi told "Information", "The budget may be approved in the amount of 135 trillion dinars, but the dollar exchange rate may be subject to the policy of the next government and what it desires, at a time when total public spending reaches 130 trillion dinars."

He added that "the price of a barrel of oil, and according to what has been achieved from revenues and a rise in prices, may be put in the budget by more than 60 dollars per barrel, as this is appropriate in light of the developments in prices and the increase in production decided by OPEC."

And he indicated that "the adjustment of the dollar exchange rate has become an urgent need, as this requires a move from the next government, and the support of some ministries in order to reduce the suffering of the poor classes, especially since the opportunity is ripe for that."

butterfly   Middle East: Secret Document Reveals For The First Time The Plotting Of Tony Blair And George Bush To Invade Iraq

POLITICIAN  01/13/2022 | 6:11 PM  A report by the British Middle East Eye newspaper revealed, on Thursday, a secret document that includes a summary of the visit of former British Prime Minister Tony Blair and former US President George W. Bush and how they conspired in planning the invasion of Iraq that toppled Saddam's regime in 2003.

According to the report, which was translated by the Information Agency, "According to a confidential document written by David Manning, Blair's chief foreign policy adviser, one day after the meeting at the president's ranch in Crawford, Texas, on Saturday, April 6, 2002, Bush told Blair that "no He knows who will replace Saddam in Iraq when he is overthrown and he doesn't care much about that. He was working on the assumption that anyone would be one of them."

"Bush wanted to make sure that action against Saddam's regime would enhance regional stability rather than undermine it," he added. Therefore, he assured the Turks that there is no question of the dismantling of Iraq or the emergence of a Kurdish state in the future.

He continued, "The memo revealed how in April of 2002, more than eight months before the entry of United Nations inspectors into Iraq, Blair was aware that they might have to "modify their approach" if Saddam gave them freedom, while Bush added that the regime could not be allowed In Iraq, he may have a say in the nationality or composition of the inspection team.”

He continued, "This document is believed to be the first reference to a strategy that ended with the creation of the infamous "spoof file" of fabricated intelligence making the case for war, the main details of which were later admitted to be wrong."

butterfly   In another memo sent to Blair weeks before the Crawford meeting, Manning reported that Condoleezza Rice, Bush's national security adviser, told him during dinner that Bush really needed Blair's support and advice, because he was angry at the reaction he was going to get in Europe. “.

At the time, the plan to launch the war was a closely guarded secret even within major US military circles where it was noted that only a "small cell" in US Central Command was involved in devising the plans, keeping 90 percent of most military officials. The high-ranking people don't know anything."

The report noted that "the confidential memorandum addressed to Simon MacDonald, chief private secretary to Foreign Secretary Jack Straw, and circulated to a handful of other senior British officials revealed that the information contained in it was exceptionally sensitive and that former Prime Minister Tony Blair had ordered it to be kept very tightly." And it should be shown only to those who have a real need for knowledge and no other copies should be made of it.”

Butterfly  2022-01-14 04:45  Shafaq News / China's annual crude oil imports slid 5.4% in 2021, dropping for the first time since 2001, as Beijing clamped down on the refining sector to curb excess domestic fuel production while refiners drew down massive inventories.

China has been the global oil demand driver for the last decade, accounting for 44% of worldwide growth in oil imports since 2015, when Beijing started issuing import quotas to independent refiners. Benchmark Brent crude oil weakened slightly to $84.40 per barrel in the wake of the data release.

The fall in shipments into the world's top crude importer, to 512.98 million tonnes (equivalent to 10.26 million barrels per day) from 2020's 542.39 million tonnes, was shown in data from the General Administration of Chinese Customs on Friday.

Reuters last year reported slowing imports into the world's No. 2 refiner as Beijing scrutinised tax evasion and irregular quota trading among independent refineries and also cut fuel export quotas to restrain crude processing.

December oil arrivals reached 46.14 million tonnes, up nearly 20% in the first monthly year-on-year growth since April, as independent refiners rushed to utilise 2021 quotas, customs data showed. The December influx, equivalent to about 10.87 million barrels per day, was the highest daily amount since March.

The drop for 2021 compares with an average annual import growth rate of nearly 10% since 2015, according to China customs data.

butterfly   In 2020, companies went on a massive stock-building drive amid the lowest oil prices in decades and a rapid recovery in fuel demand from the early impact of the COVID-19 pandemic. But in 2021, refiners and traders drew down inventories amid higher prices and slower growth in fuel demand.

In a backwardated market, prompt delivery prices are higher than those in future months, discouraging companies from storing oil.

Liu Yuntao, an analyst with Energy Aspects, estimated 70 million-90 million barrels of crude oil were drawn down from storage throughout last year, including a rare public auction of strategic petroleum reserves in September.

Monthly imports recorded year-on-year declines for eight straight months between April and November as Beijing probed the irregular trading of import quotas that has resulted in reductions in permits for the independent refiners.

Meanwhile natural gas imports, including piped gas and liquefied natural gas (LNG), expanded 19.9% in 2021 from the previous year to a record of 121.36 million tonnes, the customs data showed.

The growth, accelerating from the previous year's 5.3% increase, was buoyed by robust Chinese LNG purchases, especially in the first half of 2021, that saw the country leapfrog Japan as the world's largest buyer of the super-chilled fuel.

Friday's data also showed China's annual refined fuel exports dropped 2.4% over 2020 at 60.31 million tonnes, in the first decline since at least 2015, as the government tightened export quotas to discourage excessive domestic refinery production.

December shipments fell 45% year on year to 3.23 million tonnes last month, the lowest monthly level since July 2020.

Overall, China recorded deeper cuts in exports of diesel, gasoline and aviation fuel last year, while raising exports of low-sulphur fuel oil used as ship fuel under its ambition to become a regional marine bunker hub.

Source: Reuters

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