Go Iraq Part 8

[ChuckFinley]

 

From Yota

Member of Parliamentary Finance: Most members of the committee will refuse to allocate a percentage to the region in the budget

Policy

2019-09-28 | 06:48

 

3,843 views

 

A member of the parliamentary Finance Committee Hanin al-Qadu, Saturday, that the majority of members of the Committee will refuse to allocate any proportion of the Kurdistan region in the next budget because of "non-fulfillment" of the Kurdistan Regional Government's obligations in previous budgets.

Al-Qadu said in an interview with Alsumaria News, that "the draft federal budget law for next year did not reach the parliament until the moment, and the government still has to complete it," noting that "there is an opinion within the majority of members of the Committee not to renew the share of the Kurdistan region in the budget."

 

 

He added, "The region did not pay any dues from the export of oil, which is set at 250 thousand barrels per day to the federal government," adding that "the government of the region is still refusing to implement the budget has not received any amounts of border outlets or customs, estimated at five billion dollars a year in addition to The amount of oil exports estimated at 600 thousand barrels per day. "

He stressed that "as a result of the failure of the territorial government to meet these obligations, the majority of members of the Finance Committee will refuse to allocate any amount of money to the Kurdistan region in the next budget."

[ChuckFinley]

From Yota

 

Foreign Ministry: Abdul Mahdi's visit to Iran is subject to a positive response from Saudi Arabia

14:08 - 28/09/2019

 

  

The Information Committee / Baghdad ..
The parliamentary foreign relations committee, on Saturday, subject to Prime Minister Adel Abdul Mahdi a second round of regional negotiations to include Iran the existence of a positive attitude from Saudi Arabia, pointing out that Iraq seeks to unify international efforts to end the conflict in the region.
Committee member Amer Al-Fayez said in a statement to the information that "the visit of Prime Minister Adel Abdul-Mahdi to Iran is still going on, but it needs some positive responses from Saudi Arabia to begin the second phase of negotiations between the two countries."
Al-Fayez said, " Iraq sought through the talks that there is no intention or desire on both sides to declare war or ignite the region, which is very positive and contributes to calm the regional situation."
He explained that “Iraq is currently trying to unify international efforts to resolve differences in the region, such as the efforts of France, Pakistan and others and pour them in the interests of the peoples of the region.

[ChuckFinley]

From Yota

 

A record number of Iraq's oil exports to India, benefiting from OPEC's decision

 

 

 2019/09/27 07:49:19

 

Iraq's oil exports to India rose to a record level last August as refineries replace high-priced African imports with cheaper Basra oil shipments, according to tanker arrival data obtained from industry sources and in shipping. .
The data shows that the world's third-largest crude oil importer brought in about 1.32 million barrels per day of Iraqi crude oil last month, an increase of about one-third compared with last July, an increase of 29% compared with August 2018.
India's imports fell Oil prices rose 18.3 percent to 764,500 bpd as prices of low-sulfur heavy crude from Angola, Cameroon and Chad rose, which are accepted by small and large refineries in China ahead of IMO rules in 2020.

The OPEC plan serves Iraq
and OPEC production cuts and U.S. sanctions on Iran and Venezuela have reduced the supply of high sulfur heavy crude and also allowed Iraq, OPEC's second-largest producer, to gain a market share in India.
"In the spot market, Saudi and Emirati oil are not available while Iraqi oil is readily available at attractive prices, which is why refiners are boosting their purchases of Iraqi oil," said Ihsan al-Haq, an analyst at Refinitiv.
He added that the Iraqi oil marketing company "Somo" sells oil through immediate tenders while boosting production.
SOMO sold Basra heavy crude for loading, in July, at a premium below the official selling price of crude through tenders. The data show that Iraq has retained its position as the largest oil supplier to India after Saudi Arabia.

Increased production
and Iraq pumped 4.8 million barrels per day, in the past few months, rather than a target level of 4.5 million barrels per day, while Saudi Arabia produces oil below its target under OPEC 's agreement.
The data show that India's total imports during August were 4.7 million barrels per day, unchanged from the same month a year earlier.
Indian refineries, like other global refineries, are preparing to increase the production of fuel oil, which has a very low sulfur content to supply ships from 2020.
As of early January, IMO will ban ships from using fuels containing more 0.5% of sulfur, compared to 3.5% currently, to reduce air pollution.
"Some advanced Indian refineries, such as Reliance, can produce fuel oil that has a very low sulfur content from high sulfur oil, such as heavy Basra," said Ihsan Ul Haq.
In August, Reliance Industries doubled its imports of Iraqi oil to about 1.8 million tonnes, data showed.
Data show that due to higher imports from Iraq and Saudi Arabia, India's total imports from the Middle East increased to 16% in August compared to July.
According to the data, India's imports from Venezuela averaged 412,000 barrels per day (bpd) in August, up 48 percent from July.

[ChuckFinley]

From Yota

 

 

Oil coming down on data

 

 

 2019/09/27 08:15:40

 

Oil prices fell on Friday after fresh economic data from China raised concerns about slowing economic growth, while concerns about major supply disruptions eased after a faster-than-expected recovery in Saudi crude oil production.

"Oil prices continue to decline after the decline in profits of industrial companies in China in August, reinforcing fears that the world's second largest economy continues to slow," said Edward Moya, chief market analyst at Oanda.

Chinese manufacturers reported a contraction in profits in August, breaking a brief rise the previous month, as weak domestic demand and a trade war with the United States weighed on corporate budgets.

Brent crude futures were down 49 cents, or 0.8 percent, at $ 62.25 a barrel by 0603 GMT.

U.S. West Texas Intermediate (WTI) crude futures were down 23 cents, or 0.4 percent, at $ 56.18 a barrel.

Analysts say the rapid return of oil production in Saudi Arabia, the world's top crude exporter less than two weeks after the September 14 attacks, has also erased risk premiums and pushed crude prices lower.

WTI futures are down 3.3 percent since the start of the week, posting weekly losses for the tenth week in a row, while Brent is down 3.2 percent a week, its biggest weekly loss in seven weeks.

Prices are also under pressure from a sudden increase of 2.4 million barrels in US crude oil inventories last week.

Analysts say US inventories may rise further in the near term, adding to pressure on prices as US refiners cut operating rates due to maintenance

[ChuckFinley]

From Yota

 

China Agreements and Reconstruction Council

 

Samir al-Nasiri   On 17.02.2016, I sent an open letter to Dr. Haider Al-Abadi, the Prime Minister at the time, which was widely published on the economic media sites including my vision of economic reform as follows:  1. Draw a road map at the phased and strategic level to reformulate the new economic approach of Iraq, which adopts the mechanisms of transition to a social market economy in accordance with Article 25 of the Constitution by reassessing and reviewing the structural, structural, institutional and legislative system of economic management. Also, reviewing and evaluating the basis of coordination between the fiscal and monetary policies, reviewing the structure and presentation of the general budget and moving it from the budget of the items to the program budget. 2. Adopting the policies defined in the sustainable development plan for the years 2018-2022 and the Iraqi Vision 2030 and activating the decisions reached by the Joint Expert Committees formed in the Council of Ministers in 2015 for each of the productive economic sectors to implement the road map for each economic sector and the implementation of these decisions is subject to follow-up and control. And evaluation. 3 - Form a joint legal committee between the government and the private sector to re-draft and amend and issue new laws and activate all the laws issued and currently pending that govern the management of the economic process and serve the implementation of the road map that is approved, which is all the laws of the legislative environment that regulate and manage the Iraqi economy in its new approach, most notably the Banking Law and the Law Partnership between government, private sector and local product protection law. 4- Establishing the Private Sector Development Council, which will be important in accordance with the strategy for the development of the private sector for the years (2014-2030). 5. Involve the private sector in economic decision-making and its representation in the membership of the Council of Ministers, the Committee of Advisors and all opinion bodies in the ministries. 6. Establishing a central follow-up body linked to the Council of Ministers and representing the private sector, whose task is to follow up the implementation of the decisions of the Council of Ministers.   The letter was published at the time of the network of Iraqi economists, a widespread economic site inside and outside Iraq includes competencies and love and Iraqi academics. The site still maintains the message in an archive under the axis of economic reform, but unfortunately did not discuss me from the government on the vision proposed above in its general framework The mission invited me to visit her at her headquarters at the Central Bank in 2016. It is Mr. Ali Mohsen Al-Allaq Governor of the Central Bank of Iraq and received me and discussed with me my vision of reform in the economic and financial field and moral integrity make me to admit that this man is a first-rate statesman and I felt listening and discussing the vision with me Nationally continue to do more to reform the national economy. What is important here is that one of my proposals for reform is the establishment of the Reconstruction Council and to be a professional, specialized and independent council and its members do not belong to the parties, blocs and political currents and to be experts and elites professionally experienced and proven to be efficient and impartial and not appointed by quotas and that the Council is divided equally between representatives of the government and the private sector. In coordination with the concerned ministries to propose strategic projects and infrastructure and study their economic feasibility through consulting offices and foreign and local expertise houses and the selection of international companies and local discreet and has the power to negotiate D with the supervision and monitoring the implementation and commissioning relevant ministries and provincial councils to follow up implementation on site and not assigned to any other contract and exchange and be exclusively the council and are subject to its accounts and financial situation of the supervision of the Office of Financial Supervision, to ensure disclosure and transparency and to avoid financial corruption. It is worth mentioning that the law of the Council of Reconstruction, which was submitted to the House of Representatives the day before the travel of the government delegation to China, which sets the objectives and tasks of the Council and its organizational structure and sources of funding, which means that the failure to pass the law from the House of Representatives at the required speed and without direct this Council actual work can never be achieved agreements The eight signed by the delegation in China. In addition, the agreements and contracts with Chinese companies will include setting the time limits for completion and the percentage of the operation of Iraqi technical and labor hands in the implementation and the establishment of workshops and training courses for Iraqi cadres that contribute to the implementation for the purpose of real benefit from the agreements of China. And ratify the agreements with China after discussing the details and economic and financial return and its contribution to reconstruction and construction for the purpose of achieving the government's goal (oil for construction). Number of Views 26   Date Added 28/09/2019

[ChuckFinley]

From Yota

 

Iranian Ambassador: We demanded Abdul Mahdi to remove US troops from Iraq

 

 

Baghdad / News

TEHRAN (Reuters) - Iran has demanded Abdul Mahdi to remove US troops from Iraq, Iran's ambassador to Baghdad, Erj Masjedi, said on Thursday, saying Iran would only secure the ceremony for its citizens inside its territory.

"Iran has been hit hard by the drug problem, which is a big problem," Masjedi told Al-Akhbaria. "Most of the drug production sites are in Afghanistan and Pakistan. , And currently to Iraq. "

"The Iranian authorities are taking measures to combat drugs, and do not want even a small part of them to enter Iraq," he said.

"Providing the visitors with the Iraqis, if the IRGC or the Iranian force wants to take any steps to secure them, is only inside Iranian territory and any visitors, whether Iraqi, Iranian or any nationality, are the responsibility of the Iraqi forces."

Regarding the bombing of Saudi Aramco's oil facilities, he said that "these operations are Yemeni and do not belong to Iran because Saudi Arabia has been bombing Yemen daily for four years by Saudi Arabia and they are doing self-defense.

•  

[ChuckFinley]

From Yota

 

Iraq refuses to join Iran's Gulf alliance

 

 

 2019/09/26 14:44:15

 

Iraqi Foreign Minister Mohammed Ali al-Hakim told reporters that Baghdad was not yet ready to join the Gulf-alliance proposed by Iran.
"We are against joining this coalition at this stage," Hakim said on the sidelines of the UN General Assembly in response to a question on whether Iraq was ready to join the coalition.
In a speech on Wednesday at the UN General Assembly, Iranian President Hassan Rouhani called on all Gulf states to join the "Alliance for Hope for Peace in the Strait of Hormuz" based on "mutual understanding, non-aggression and respect for the sovereignty of states."
The Iranian government has made it clear that in the first phase, the coalition includes Iran, Saudi Arabia, Iraq, Bahrain, the United Arab Emirates, Qatar, Oman and Kuwait under the auspices of the United Nations.

[ChuckFinley]

From Yota

Trump has refused to lift sanctions against Iran for talks

 27 September 2019 06:04 PM
From: Ahmed Shawky

Direct US President Donald Trump rejected the idea of lifting sanctions on Iran to hold talks between the United States and Iran.

The president said in a tweet via "Twitter", on Friday: "Iran asked me to remove the sanctions imposed on them in order to hold a meeting, but I refused, of course."

Iranian President Hassan Rouhani claimed in remarks today that the United States has offered to cancel all sanctions against Iran in exchange for negotiations, while Trump's remarks deny it.

The US State Department denied Rouhani's remarks, pointing to them as "baseless" as Washington remains committed to halting Iranian oil exports.

The comments came after a period of political tensions, the latest of which was the attack on Saudi Aramco facilities, which he blamed on Iran.

The United States decided to increase sanctions on Iran after the incident, imposing restrictions on the National Bank of Iran.

[ChuckFinley]

From Yota

 

Trump: America continues its tough stance towards Iran but does not look to war

 

US President Donald Trump has assured leaders of the Jewish community in the United States that he does not want tensions between Washington and Tehran to turn into a military conflict.

In a speech to about 1,000 Jewish figures in the country on Friday for New Year's Day, Trump said in response to a question whether Washington intended to take further measures in addition to sanctions to "deter Iranian regional aggression" that the United States would continue to stand firm Towards the Islamic Republic but does not look to war.
 
"I do not want an armed conflict," he said. "We were proposed to negotiate and discuss outstanding issues.

The statement came against the backdrop of the failure of French President Emmanuel Macron efforts to arrange a meeting between Trump and his Iranian counterpart Hassan Rouhani on the sidelines of the General Assembly of the United Nations, where the two leaders blamed each other for the failure to hold this meeting.

[ChuckFinley]

From Yota

 

Oil and Parliamentary Energy Visits the Ministry of Oil and Discusses with its Officials Resolving the Oil and Gas Laws and the National Oil Company and Facilitating the Work of the Investigative Committees Formed by the Committee

•  
•  22 September 2019
•  
•  7:13 pm
•  

The Committee on Oil and Energy, headed by MP Hiba Halbousi, and a number of members of the Committee visited today the headquarters of the Ministry of Oil to discuss a number of important issues related to the work of the Committee and legislative and supervisory work.

The media department of the parliament said that the committee started the visit by meeting with the undersecretaries of the ministry, Neamat al-Fayyad, Hamed al-Zobaie, Moatasem Akram and Karim Hattab. Kirkuk. ”

The Chairman asked the Agents to cooperate fully with these investigative committees in order to expedite the submission of their final reports to the Commission for a formal position.

The Chairman also discussed with the Agents of the Oil and Gas Laws and the National Oil Company. Exporting oil as well as protecting oil wealth as the property of all Iraqi people without discrimination.

The Committee also discussed the issue of contracts concluded by the Ministry with a number of oil companies, where the Chairman of the Committee that there are observations and inquiries and question marks on the contracts of the companies Kar and Qiwan and Barham investing in hydrogenation of naphtha and gasoline improvement in Kirkuk province.

The chairman stressed the importance of reviewing these contracts by ministry officials in order to prevent any waste of public money and protect oil wealth.

The Committee also met with Sarmad Hussein Abdullah, Inspector General of the Ministry and discussed with him the need to activate the oversight and inspection role of the Office of the Inspector General in auditing the performance of departments and companies affiliated to the Ministry in a professional and civilized manner away from the methods that frighten employees and affect their interaction and encourage them to cooperate with his office in order to ensure that no violations Financial or technical waste of public money.

MP Halbousi discussed with the Inspector General the issue of fines and entitlements related to the car companies and Qiwan, which is estimated at $ 135 million, and the Integrity Commission asked the inspector general of the ministry to re-investigate this matter.

The Chairman of the Committee asked the Inspector General to cooperate with the Committee in holding continuous meetings and provide them with quick answers and documents away from the routine that causes delays in important cases involving corruption files in order to take an official position by the parliamentary committee in accordance with its regulatory and legislative competence.

[ChuckFinley]

From Thug

 

Parliamentary delegation visiting the region .. These are the most prominent files

  

  

  

2019/26 22:53

  

  

MP revealed the mass of the Kurdistan Democratic Party, Mohammed Shaker, a parliamentary delegation will visit the Kurdistan region early next week.

Shakir said (for the Euphrates News) that "the delegation consists of members of the committees of legal, oil, gas and finance; to discuss a number of issues with officials of the region." "There is a good rapprochement between Erbil and Baghdad," he said.

The visit comes at a time when a delegation from the Kurdistan Parliament headed by Deputy Speaker Heiman is Rami, on Thursday, to Baghdad.

In this regard, the Chairman of the Committee on Energy and Natural Resources in the Kurdistan parliament , said in a press statement that "the delegation explained during the meetings of the policy of the provincial government with solving problems and as long as the two sides live in the framework of one state, the only way before them is to solve the problems through dialogue."

[6ly410]

 

Edited September 28, 2019 by 6ly410

[DinarThug]

On 9/27/2019 at 9:11 AM, 6ly410 said:

i would consider myself lucky  even knowing about this investment

 

Lucky ?

 

 

Well I Hate To Use Foul Language - But I Would Consider Myself More Like ‘Cursed’ !  

 

     

[6ly410]

Kurdistan region shows "good faith" to deliver 250 thousand barrels of oil per day to Baghdad

[6ly410]

lets go bros

[6ly410]

 

          

 

                From Butifldrm

 

 

BANK OF COMMERCE: IT IS NECESSARY TO DEAL WITH THE "US PUNISHED" IN DINARS

 

Saturday, 28 September 2019 12:41 PM

SHARE THIS ARTICLE:

 

Baghdad / National News Center

BAGHDAD (Reuters) - Dealing with Iraqi figures with US sanctions cannot be done in dollars, the head of Iraq's Trade Bank said on Saturday.

He added in a statement to the National News Center, that "the sanctions on Iraqi figures prevent banking transactions with them in the dollar."
"The dinar should be adopted instead."

https://nnciraq.com/18396/

Edited September 28, 2019 by 6ly410

[6ly410]

Kurdistan region shows "good faith" to deliver 250 thousand barrels of oil per day to Baghdad

 

2019/09/28 13:55:58

 

https://www.shafaaq.com/ar/كوردســتانيات/اقليم-كوردستان-يبدي-حسن-نية-بتسليم-250-الف-برميل-من-النفط-يوميا-لبغداد/

 

The Kurdistan Regional Government, through the parliamentary delegation, which sent to Baghdad in good faith to deliver 250 thousand barrels of oil to the company SOMO provided Baghdad's commitment to send financial dues and the share of the Kurdistan region of the public budget.

In a statement to the Kurdistan Parliament received to Shafaq News, the continuation of meetings and visits to Baghdad, the delegation of the Parliament of the region headed by Deputy Speaker Heman Hawrami accompanied by Deputy Chairman of the Finance Committee Hvidar Ahmed and Chairman of the Committee on Energy and Federal Finance Fouad Hussein.

The statement said Hawrami touched on relations between the Kurdistan region and the government and stressed to resolve the outstanding problems between the two sides through real dialogue and in accordance with the Iraqi constitution and stabilize the region's share in the Iraqi budget for the year 2020.

Hawrami expressed goodwill in the Kurdistan region to deliver 250 thousand barrels of oil per day to the company SOMO provided Baghdad's commitment to send financial dues and the budget of the Kurdistan region.

He pointed out that during the meetings touched on the need for good relations between the standing committees in the Parliament of the Kurdistan region and committees of the Iraqi Council of Representatives and the Kurdish blocs in the exchange of views and proposals before the preparation of any draft resolution.

According to the same statement, the Federal Minister of Finance Fuad Hussein touched on the importance of good relations between the governments of the Center and the region, stressing the solution of all outstanding problems through dialogue and understandings.

 

 

 

[soon]

like that last line of words            the dinar should be adoped  instead

Edited September 28, 2019 by soon

[6ly410]

6 minutes ago, soon said:

like that last line of words            the dinar should be adoped  instead

soon bro haha 

[6ly410]

 

[6ly410]

Erbil, Baghdad Working on Roadmap to Address Oil Disputes: Iraqi Minister

 

BasNews 28/09/2019 - 23:25 Published in Iraq

 

 

http://www.basnews.com/index.php/en/news/iraq/549672

 

ERBIL - Erbil and Baghdad are working on a roadmap in hopes of addressing the disputes between the sides pertaining to the oil, Iraqi Minister of Oil Thamir Ghadhban said on Saturday.

Speaking to Kurdistan 24, Ghadhban said that both the Kurdistan Region and Iraq should work based on Articles 111 and 112 of the Constitution, according to which, the oil and gas are for all Iraqis.

He further pointed out that the two sides have already agreed to resolve the remaining disputes based on the Iraqi Constitution.

What Erbil and Baghdad seek is that the they both participate in the production process and benefit from the revenues together, the Iraqi minister added, according to the report

[6ly410]

 

Edited September 28, 2019 by 6ly410

[6ly410]

Erbil, Baghdad could reach deal on oil, budget in October: Oil Minister

1 hour ago  |  60 Views

Lawk Ghafuri

 

https://www.rudaw.net/english/middleeast/iraq/280920192

 

ERBIL, Kurdistan Region – Baghdad and Erbil could reach an agreement on their problematic oil and budget issues by next month, Iraq’s Oil Minister Thamir al-Ghadhban told Rudaw on Saturday in Baghdad. 

“We are close to reaching an agreement with Erbil regarding oil and the budget,” Ghadhban said on the sidelines of the RCD Security and Economic Forum. “I hope that we will reach an agreement during the month of October.”

In recent months, delegations have shuttled back and forth between Baghdad and Erbil as relations between the two continue to improve after hitting a low in late-2017 when the Kurdistan Region held a referendum on independence. The regional and federal governments formed committees for talks on joint administration of the disputed territories, the Kurdistan Regional Government (KRG)’s share of the federal budget, and the touchy subject of Kurdistan’s independent oil sales. 

Within the coming weeks, the delegations will meet to discuss the oil and budget issues in a “very detailed way,” Ghadhban said. 

Baghdad cut the KRG’s share of the budget from 17 percent to zero in 2014 in response to the Region’s independent oil sales. The funding slash, coupled with a costly war with the Islamic State (ISIS) and the collapse of global oil prices in 2016, plunged the Kurdistan Region into a financial crisis.

Erbil’s share of the budget was reinstated in 2018, but at the reduced rate of roughly 12 percent.

Under the 2019 budget, the KRG agreed to send 250,000 barrels of oil per day to Iraq’s state oil marketing body, SOMO, in exchange for its share of the budget. Although Baghdad has delivered funds to Erbil’s central bank, the KRG is yet to send a single barrel of oil south.

Kurdish lawmakers in the Iraqi parliament have advised the KRG to start sending Baghdad the oil in order to avoid losing out in the 2020 budget.

KRG’s newly elected Prime Minister Masrour Barzani, who was sworn in on July 10, has signaled that his administration wants to “develop a constructive and stable partnership” with Baghdad and resolve past disputes.

Relations have vastly improved under the leadership of Iraqi Prime Minister Adil Abdul-Mahdi, but this spirit of goodwill could soon run out if the KRG continues to flout its end of the bargain to deliver oil.

Improvements in the relationship were noted by Jeanine Hennis-Plasschaert, UN Special Envoy to Iraq, in her quarterly briefing to the UN Security Council (UNSC) when she expressed hope that the new governments in both Erbil and Baghdad can resolve their differences now.

“This has created a positive momentum to advance negotiations between Baghdad and Erbil, also demonstrated by the establishment of a High-Level Joint Committee,” she said. 

“I cannot deny: the expectations are high, in particular on key files – including Kirkuk, Sinjar, and revenue sharing,” she added.

[6ly410]

wow the news are awesome 

[stanleypower]

Let’s go Bros!!!

anxious to hear from Navira