Zig’s Place Chatroom News Wednesday AM 2-9-22

Zig’s Place Chatroom News Wednesday AM   2-9-22

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Butterfly  Iraq Lost 700 Million Dollars In Just 9 Months Due To The Import Of This Substance

Economic   Last Update 02/09/2022 | 3:45 PM   Economist Manar Al-Obaidi revealed, on Wednesday, that Iraq lost 700 million dollars in 9 months due to subsidizing improved gasoline.  Al-Obaidi said, in a Facebook post seen by / the information /, that “Iraq’s loss from importing improved gasoline and selling it at a subsidized price amounted to 700 million dollars for the first nine months of the previous year 2021, which is equivalent to a trillion Iraqi dinars.”

He added, "Iraq imported, during the first nine months of the year, 2.5 million tons of gasoline, worth 1.7 billion US dollars, which means that the average price per ton is 685 dollars, which means that the average price of one liter is up to 1000 dinars."

He explained that "improved gasoline is sold at a price of 650 Iraqi dinars per liter, meaning that Iraq loses almost every liter of improved gasoline it sells, up to 350 Iraqi dinars, with a subsidy of 35% of the value of the improved gasoline, and this is what exposed Iraq to a loss of more than 700 million dollars, which is equivalent to Almost 1 trillion Iraqi dinars.

Al-Obaidi expected that “Iraq’s loss of gasoline for the previous year will be about 1.2 billion US dollars, equivalent to 1.75 trillion Iraqi dinars as a result of the rise in oil prices,” noting that “the state subsidizes improved gasoline by 35% of the price at which we buy and does not subsidize foodstuffs.” essential for the poor.

He pointed out that "1.75 trillion dinars can be purchased with 21 thousand tons of wheat and more than 500 housing units can be built, and giant refining stations can be built to dispense with imported gasoline. However, the state supports the price of improved gasoline."

He considered that "the policy of subsidizing oil products is not understood and exposed Iraq to great losses. However, there are no real and realistic solutions to this issue." https://almaalomah.me/20

butterfly   Economist: We Are Continuing To Invest Associated Gas, And We May Be One Of Its Exporters To The World

Economic Last Update 02/09/2022 | 9:11 AM  The economic expert, Dr. Safwan Qusay, confirmed that Iraq will continue to invest associated gas in the coming period, pointing out that the world is moving towards this fuel and Iraq may be one of the exporters at a time when Europe is experiencing tensions that have caused a gas crisis.

Qusay told Al-Maalouma, "Iraq owns associated gas and can be an outlet for additional revenues, and Iraq is continuing to conclude contracts, invest associated gas and stop burning it."

He added, "The Ministry of Oil has announced that the year 2025 will be the year to stop burning gas, as it will be invested in electricity consumption and operating power plants instead of the import on which Iraq depends greatly."

And he indicated that "accompanied gas can be exported to the world, especially since its prices are rising at the present time, and therefore there is a large market for it, and the tensions in Europe have caused the scarcity of this fuel exported by Russia in addition to Algeria, raising the prices of crude oil." https://almaalomah.me/2022/02/09/581298/

butterfly   The United States Records The Largest Trade Deficit In Its History

Economic  Last Update 02/08/2022 | 6:45 PM  The United States recorded the largest trade deficit ever in its history during 2021, driven by continued strong consumer appetite for imported goods, which exacerbated the gap between import and export.

The Commerce Department said, on Tuesday, that the deficit in trade in goods and services for the month of December grew 1.8 percent to a seasonally adjusted $80.7 billion, just below the record deficit of $80.8 billion in September, according to the Wall Street Journal. “.

The trade deficit for the whole of 2021 increased by 27 percent to $859.1 billion, which is greater than the previous record of $763.53 billion in 2006, and the largest ever since trade balance data began to be monitored.

This sharp increase in the trade deficit comes as the US economy continues to recover strongly from the recession caused by the pandemic during 2020.

American consumers spent heavily on imported goods such as computers, gaming machines and furniture, as government stimulus money poured into their accounts, while they were less willing to travel and eat out for health reasons.

Strong demand for capital goods from companies, as well as rising energy and food prices, have also increased US import bills.

The International Monetary Fund estimates that the US economy grew by 5.6% in 2021, faster than most advanced economies whose average growth rate was 5%.

Imports in December rose 1.6 percent to $308.9 billion, faster than exports, which grew 1.5 percent to $228.1 billion. https://almaalomah.me/2022/02/08/581240/

butterfly   Al-Party Prepared The Alternative.. Al-Maliki: Most Of The Indicators Confirm The Court's Rejection Of Zebari's Nomination

Politician  Last Update 02/09/2022 | 1:02 PM  The representative of the State of Law coalition, Dergham Al-Maliki, confirmed, on Wednesday, that most indicators and leaks indicate that the Federal Court will accept the lawsuit filed against the Democratic Party candidate, Hoshyar Zebari for the post of President of the Republic, and his candidacy will be rejected, indicating that Al-Party has prepared the alternative after he was ascertained. That the decision of the Federal Court will go to accept the case.

Al-Maliki said in a statement to “Information” that “the Federal Court will resolve the case against the nomination of Al-Barti’s candidate for the position of President Hoshyar tomorrow Thursday,” noting that “most indicators and leaks confirm that the Federal Court will accept the case and Zebari’s nomination will be rejected.”

He added that "Al-Party has prepared the alternative after he was convinced that the decision of the Federal Court will go to accept the case," noting that "the political leaks confirm the presentation of the President of the Region, Nechirvan Barzani, as an alternative to Zebari, and thus we may enter into another crisis related to the constitutionality of reopening the candidacy door that he announced." Parliament Speaker Muhammad al-Halbousi.”

And the representative of the Al-Fateh Alliance, Muhammad Al-Baldawi, had confirmed in a previous statement that the Federal Court would say its final word regarding reopening the door for candidacy again for the position of President of the Republic, pointing out that Parliament had not previously witnessed such a scenario as it is going through now regarding the constitutional timings to run for the presidency. https://almaalomah.me/2022/02/09/581339/

butterfly   Iraq: Al-Sadr clings to the majority government after Qaani meeting

Yesterday, Tuesday, the leader of the Sadrist movement, Muqtada al-Sadr, received the commander of the Iranian Quds Force, Ismail Qaani, in Al-Hanana in Najaf Governorate.

Al-Sadr’s private office said in a Facebook post: “His Eminence the Leader, Muqtada Al-Sadr, receives Hajj Ismail Qaani in Al-Hanana,” without giving further details.

Subsequently, Al-Sadr wrote on “Twitter” after a meeting with Qaani his famous sentence, “Neither Eastern nor Western,” accompanied by his tweet with the hashtag, a national majority government.

And the "NRT" website quoted a political source as saying that Qaani held intensive meetings in the Iraqi capital, Baghdad, in order to resolve the political crisis, which concerns the formation of the new government.

In parallel, the Presidency of the House of Representatives announced in a press statement yesterday, “The door for nomination for the position of President of the Republic has been opened, starting from Wednesday (today) and for a period of (3) days.”

And yesterday, Tuesday, Barham Salih’s 4-year term of office ended, and accordingly, Salih asked the Federal Supreme Court to interpret Article 72 of the Constitution, to enable him to continue his work, and to spare the country from entering a presidential vacuum.

In addition, the leader of the "Sovereignty" coalition, Mishaan al-Jubouri, said that his alliance supports Mustafa Al-Kazemi as prime minister if he is assigned by the largest bloc to form the government. https://rawabetcenter.com/archives/142129

butterfly   Farman’s Khamenei forces Sadr’s opponents to hold together

Informed sources revealed to Asharq Al-Awsat that Iranian Supreme Leader Ali Khamenei had entered the line of crisis between Muqtada al-Sadr and his opponents within the Shiite “coordination framework,” forcing the latter’s forces to cohesion and preventing the joining of some of its parties, especially the leader of the Fatah Alliance Hadi al-Amiri, to the leader of the Sadrist movement in his project. To form a national majority government.

And at the end of last month, it was reported that the leaders of the “framework” wrote a letter that the leader of the “state of law” coalition, Nuri al-Maliki, ensured to send it to Khamenei, but sources confirmed to “Al-Sharq al-Awsat” that they “did not agree to send it,” but that al-Maliki “leaked it from behind.” their backs, knowing that the answer would eliminate any chance of an alliance between the Sadrists and (Al-Fateh).”

The content of the message was “Khamenei’s question about the possibility of an alliance of parties within (the framework) with al-Sadr, regardless of the positions of others on it” before it is too late.

And because everyone was aware that the answer would be a refusal, they decided to wait and not send it because they knew the nature of the answer. According to the sources, al-Maliki took advantage of this opportunity, and re-established the framework's cohesion with a "firman" from Tehran.

butterfly   The exchange of direct messages between the framework and Khamenei reflects the nature of the role played by the commander of the Iranian "Quds Force", Ismail Qaani, in Iraq. In contrast to General Qassem Soleimani, Qaani looks like a “postman” between Erbil, Baghdad and Najaf. Yesterday, al-Sadr met him at his headquarters in Hananah, and he tweeted after the meeting: “Neither Eastern nor Western… a national majority government,” which observers considered an indication of the failure of The Iranian general is making a breakthrough.

In addition, the presidency of the Iraqi parliament announced yesterday the opening of the nomination door again for the position of President of the Republic, starting today, Wednesday, for a period of 3 days, amid political and legal controversy, regarding Parliament Speaker Muhammad al-Halbousi assuming for a month the position of President of the Republic from the current president, Barham Salih, on the pretext that there is a constitutional vacuum due to the lack of election A new president despite the expiry of the constitutional deadline. https://rawabetcenter.com/archives/142137

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