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Go Iraq Part 8


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Construction of residential towers in Baghdad

Friday 13 September 2019 84

Construction of residential towers in Baghdad

 
Baghdad / Wafa Amer         
 
Baghdad Investment Commission announced directly the executing company of the project (Borouge) residential work, including the construction of residential towers for the first time in the capital, at a time during which the arrival of the work of the project of the people housing complex to its final stages.
Shaker Al-Zamili, Chairman of the Authority, said in a special statement to Al-Sabah that the Authority, within its plans to raise the level of civilized housing in the capital, has been granted an investment license for the construction of the first residential towers in Baghdad, noting that the executing company, started the work Residential.
He added that the towers to be implemented within the project, will be 14 to 26 floors and an area of 116 dunums near Abbas Ibn Firnas Square on the side of Karkh, noting that the project will provide 2650 housing units, in addition to two centers, commercial and health in addition to schools and spaces Green and private parking, noting that the project will follow the latest methods of modern construction and thus will be a promising cultural interface 
in the capital. 
On the other hand, Al-Zamili explained that the company executing the project of Al-Shaab Residential Complex in Al-Shaab area beside Rusafa has reached its final stages, stressing that the complex will be opened soon. Out.  
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Hope that damn Finance Minister brought a MF pen so they can sign some ****..

It's spelled "stopping."   If you read through my posts you'd come across a TON of economically sound statements/facts about how money flows in the world (micro and macro).    But

How Many Bro’s Does It Take To Put In A Light Bulb ?       Two - One To Put It In And One To Go ‘Haha’ After They Discover That Bro Accidentally Put Back In The Bad Bulb !  

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A deputy from the victory coalition said Friday that the decision of the candidate of the education portfolio would be delayed "for several reasons."

Taha said in an interview with Alsumaria News that "the position of the Minister of Education is one of the important positions, which is related to the future of generations," noting that "the resolution of this post may be delayed a lot due to the absence of a candidate for the portfolio until the moment, in addition to the existence of objections to the political authority authorized to submit Ministry candidate, as well as the lack of consensus until the moment around between the political blocs. "
 

"The presentation of candidates from the feminist element to the Ministry of Education is a matter of the political bloc empowered to present the candidate to the portfolio, which has always been a feminist, considering that women are an important part of Iraqi society and should be represented in government cabins as part of supporting women."
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Rafidain Bank has launched additional supplementary advances of up to 25 million dinars for state employees

The bank said in a statement received by Alsumaria News, a copy of it, that it has launched additional supplementary advances to employees of government departments ranging between (5, 10, 15, 20, 25) million dinars and according to the salary of the employee through the MasterCard International and national salaries exclusively with Bank.
 

He explained that the double advance was doubled to the employees of the state departments for more than 4800 employees who have already been given personal advances and presented on the second additional advance was paid to them by MasterCard.

The statement pointed out that the payment was made through the customer's fingerprint and then informed the employee by sending a text message notifying him of the advance payment after he completed all legal procedures to grant it and disbursed it through electronic payment tools to which the financial balance has been filled.
 
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6 hours ago, ChuckFinley said:

From Synopsis

 

:twothumbs: Thank You For Reposting, ChuckFinley, AND The Very Best Of The Rest Of Your Weekend AND Up Coming Week!!! :tiphat:

 

Very informative on Muddle East affairs!!!

 

A Shout Out To @Butifldrm for getting me started on these wonderful updates!!!

 

You Go, GIRL!!!

 

:tiphat:   :tiphat:   :tiphat:

 

Go Moola Nova!

:pirateship:

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If there ever was a time to close the HCL this would be it.

 

 

Saudi Oil Attack: This Is the Big One

The technological sophistication and audacity of Saturday’s attack will linger over the energy market

 
 
im-107237?width=620&size=1.5
Smoke billowed from an Aramco oil facility in Abqaiq, in Saudi Arabia's eastern province, where drone attacks sparked fires Saturday. PHOTO: -/AGENCE FRANCE-PRESSE/GETTY IMAGES
By 
Spencer Jakab
 

Saturday’s attack on a critical Saudi oil facility will almost certainly rock the world energy market in the short term, but it also carries disturbing long-term implications.

Ever since the dual 1970s oil crises, energy security officials have fretted about a deliberate strike on one of the critical choke points of energy production and transport. Sea lanes such as the Strait of Hormuz usually feature in such speculation. The facility in question at Abqaiq is perhaps more critical and vulnerable. The Wall Street Journal reported that five million barrels a day of output, or some 5% of world supply, would be taken offline as a result.

To illustrate the importance of Abqaiq in the oil market’s consciousness, an unsuccessful terrorist attack in 2006 using explosive-laden vehicles sent oil prices more than $2.00 a barrel higher. Saudi Arabia is known to spend billions of dollars annually protecting ports, pipelines and processing facilities, and it is the only major oil producer to maintain some spare output. Yet the nature of the attack, which used drones launched by Iranian-supported Houthi fighters from neighboring Yemen, shows that protecting such facilities may be far more difficult today

ere are countries that even today see their output ebb and flow as a result of militant activity, most notably Nigeria and Libya. Others, such as Venezuela, are in chronic decline due to political turmoil. Such news affects the oil price at the margin but is hardly shocking.

Deliberate attacks by actual military forces have been far rarer, with the exception of the 1980s “Tanker War” involving Iraq, Iran and the vessels of other regional producers such as Kuwait. When Saddam Hussein’s Iraqi forces invaded Kuwait in 1990, removing its production from the market and putting Saudi Arabia’s massive crude output under threat, prices more than doubled over two months.

Yet Saturday’s attack could be more significant than that. Technology from drones to cyberattacks are available to groups like the Houthis, possibly with support from Saudi Arabia’s regional rival Iran. That major energy producer, facing sanctions but still shipping some oil, has both a political and financial incentive to weaken Saudi Arabia. The fact that the actions ostensibly were taken by a nonstate actor, though, limits the response that the U.S. or Saudi Arabia can take. Attempting to further punish Iran is a double-edged sword, given that pinching its main source of revenue, also oil, would further inflame prices.

While the outage may not last long given redundancies in Saudi oil infrastructure, the attack may build in a premium to oil prices that has long been absent due to complacency. Indeed, traders may now need to factor in new risks that threaten to take not hundreds of thousands but millions of barrels off the market at a time. U.S. shale production may have upended the world energy market with nimble output, but the market’s reaction time is several months, not days or weeks, and nowhere near enough to replace several million barrels.

 

After the smoke clears and markets calm down, the technological sophistication and audacity of Saturday’s attack will linger over the energy market.

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From Lady Grace's Daddy

 

Oil To Hit $100? Half Of Saudi Oil Output Shut After Drone Strikes Cripple World's Largest Oil Processing Facility

 

Update: The WSJ is out with an update hinting at just how much the price of oil is set to soar when trading reopens late on Sunday after the Saudi Houthi false-flag drone attack on the largest Saudi oil processing plant:

Saudi Arabia is shutting down about half of its oil output after apparently coordinated drone strikes hit Saudi production facilities, people familiar with the matter said, in what Yemen’s Houthi rebels described as one of their largest-ever attacks inside the kingdom.

The production shutdown amounts to a loss of about five million barrels a day, the people said, roughly 5% of the world’s daily production of crude oil. The kingdom produces 9.8 million barrels a day.

And while Aramco is assuring it can restore output quickly, in case it can't the world is looking at a production shortfall of as much as 150MM barrels monthly, which - all else equal - could send oil soaring into the triple digits. Just what the Aramco IPO ordered.

 

Supply loss from KSA may be as high as 150 MM barrels/month. Oil may hit $100.

 
 
OPEC's Barkindo on Saudi Energy Output, U.S

What appears to be the most devastating Yemen Houthi rebel attack on Saudi Arabia to date, took place overnight on the world's largest oil processing facility as stunning videos emerged of massive explosions rocking the major Aramco Buqyaq facility.

 

aramcoexp1.png

Fires burned into the morning daylight hours, with explosions also reported at the Khurais oil field, in what the Houthis said was a successful attack involving ten drones. "These attacks are our right, and we warn the Saudis that our targets will keep expanding," a rebel military spokesman said on Houthi-operated Al Masirah TV.

satelite%20photos.jpgSatellite images shows extent of fires following the attacks in eastern Saudi Arabia: NASA Worldview/AP

Saudi authorities — initially slow or reluctant to identify the cause of the major blaze  on Saturday issued a confirmation via the Saudi Press Agency: "At 4.00am (01:00 GMT) the industrial security teams of Aramco started dealing with fires at two of its facilities in Abqaiq and Khurais as a result of... drones," an interior ministry statement said, which further claimed the fires were "under control".

 

#Buqayq city view as #Aramco facilities burn. Very likely to be an attack of some sort as gunshots are also heard. #SaudiArabia #Saudi #arabtwitter

 
Embedded video
 
 
 
 

However, the Saudis have stopped short of acknowledging the Houthis were behind the attack, which Riyadh is also likely to blame on Iran, which has lately promised that if it can't export its oil then "no one will". 

It remains unclear according to early statements whether there were injuries or casualties in the twin oil facility attacks.

 

In some of the video captured by onlookers outside the Buqayq facility, gunfire in or around the complex was apparent. 

wSB0sclK_bigger.jpg

A second video filmed from the same parking lot shows another large explosion.

Both videos are filmed from across the street from the Aramco compound and are facing South/South-East

h/t @MeKassab

 
Embedded video
 
 

The impact on global oil markets - closed for the weekend - could be significant given the Khurais field produces about 1% of all the world's oil (estimated at over 1M bpd and reserves of over 20BN bpd) and more importantly Abqaiq, which based on the stunning local footage bore the brunt of the drone attacks, remains the most crucial of the kingdom's processing plants.

Located 37 miles southwest of Aramco’s Dhahran headquarters, it controls all the flows from fields like the giant Ghawar field to coastal export terminals like Ras Tanura. Saudi Aramco describes the Buqyaq facility as "the largest crude oil stabilization plant in the world." 

 

The world's largest oil processing facility has been hit in a drone attack.

Yemen's Houthi rebels have said they were behind the strikes on Saudi Arabia's Abqaiq plant. Read the full story here: http://po.st/cbHfo4 

Meanwhile, the United States was quick to "strongly condemn" the attack amid already soaring tensions in the gulf after a summer of "tanker wars" and Iranian threats of walking away altogether from the 2015 nuclear deal (JCPOA).

The U.S. envoy to Saudi Arabia issued a statement saying, “The U.S. strongly condemns today’s drone attacks against oil facilities in Abqaiq and Khurais. These attacks against critical infrastructure endanger civilians, are unacceptable, and sooner or later will result in innocent lives being lost.”

According to Reuters reports the drone attacks will impact up to 5 million bpd of oil production, which suggests that the price of oil - already severely depressed by the recent news that John Bolton is out, making de-escalation with Iran far more likely - is set to soar when trading reopens late on Sunday, just what the upcoming Aramco IPO desperately needs, which in turn has prompted some to wonder if the "Yemen" attack on Saudi Arabia wasn't in fact orchestrated by Saudi interests. 18 years after Sept 11, this shouldn't sound all that outlandish...   

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5 hours ago, Synopsis said:

 

:twothumbs: Thank You For Reposting, ChuckFinley, AND The Very Best Of The Rest Of Your Weekend AND Up Coming Week!!! :tiphat:

 

Very informative on Muddle East affairs!!!

 

A Shout Out To @Butifldrm for getting me started on these wonderful updates!!!

 

You Go, GIRL!!!

 

:tiphat:   :tiphat:   :tiphat:

 

Go Moola Nova!

:pirateship:

Your welcome , give credit where credit is deserved. Always better to be honest regardless what you do. 

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hello Bro's and CF....long day at work......

What has been happening today-tonight?...

I guess navira is still on vacation?...

Seems mellow...which i kinda like....like the calm

before the Storm.....I still think late

September and not backing off.....

Go Iraq....

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Just getting up. I am thinking that starting today we should see more action. Check my post above on Oil Over $100. That may be what drives this HCL. I will be reading the different threads and posting later today.

 

Got to get those Bros up. Big week and month going forward. 

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From 6ly410

 

 

Baghdad, Erbil trade barbs ahead of budget talks

http://www.nrttv.com/En/News.aspx?id=15131&MapID=2

14920192103713920192043767275146_2270592
Undated photo of Erbil city (NRT Digital Media)

5 Hours ago 

 

SULAIMANI — Officials in Baghdad and Erbil have traded accusations of unsettled debts in recent days, as budget talks are set to begin in earnest in the coming weeks.

Earlier in the week, Spokesperson for the Kurdistan Regional Government (KRG) Jutyar Adil alleged that the federal government was not transferring funds to pay for public sector employees, although he did not immediately provide evidence to support his claim.

On Friday (September 13), Abdul Hadi al-Saadawi, who sits on Council of Representatives’ Finance Committee, shot back that it was the Kurdistan Region that owes the federal government money, since it has not been sending oil to Baghdad for export.

Adil’s claims “no basis at all,” he said.

Al-Saadawi argued that an expected budget shortfall could have been mitigated if the KRG had complied with the terms of the 2019 Federal Budget Law. He also said that Baghdad was missing out on customs income collected at the border crossing points in the Kurdistan Region.

On Saturday, the Council of Representatives began its autumn legislative session, which is expected to largely focus on budget issues.

Under the terms of the 2019 Federal Budget Law, Baghdad was supposed to send 12.67 percent of the total budget to the Erbil, in return for 250,000 barrels of crude oil per day. When oil transfers failed to take place, the federal government cut payments down to only what it was required to send by law, specifically salary payments for public sector employees in the Region.

Frustration has been building on both sides with each accusing the other of failing to live up to the agreement.

Nevertheless, in public statements, leaders in the two capitals have praised their ostensibly better relations and sounded optimistic notes that the issue can be solved. A senior-level joint committee has been tasked with working out a solution.

(NRT Digital Media)

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From Yota

 

 

His office reveals details of Halbousi's meeting with the heads of the blocs

Political | 02:38 - 14/09/2019

 

 

BAGHDAD - Mawazine News
Office of the President of the Council of Representatives Mohammed Halbousi, Saturday, details of the latter's meeting with the heads of blocs.
The office said in a statement received / Mawazine News / copy of it, that "Speaker of the House of Representatives Mohammed Halbousi, held a meeting today, including the heads of parliamentary blocs; to discuss the most important files relating to the work of the House of Representatives in the field of control and legislation during the first legislative term The Fourth Parliamentary Session.
He added, "The meeting included a number of resolutions:
- The formation of a committee to follow up government measures to take the necessary measures to preserve the sovereignty of Iraq, and consists of heads of parliamentary blocs and representatives of committees (security and defense - foreign relations - legal).
- The formation of a committee to discuss the file of missing and absent The return of the displaced, consisting of heads of parliamentary blocs and representatives of committees (legal - migration and displaced / security and defense - human rights).
Second: to proceed with the following legislation during the coming sessions and give priority:
- Abolition of the offices of general inspectors.
- First Amendment to the Integrity Law.
- The Civil Service Law.
- The law of partnership with the private sector.
- Federal Court Law.
- Law of Communications and Informatics.
- Mineral investment law.
- Military Industrialization Law.
Third: approaching the government to send the following laws:
- Law of retirement and social security.
- Law to address the housing crisis.
- Oil and Gas Law.
- Law of the Reconstruction Council.
- The Federal Budget Law for the year 2020

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From 6ly410

 

Council of Representatives begins legislative session with budget looming

149201918615149201914213792216.jpg
Council of Representatives (File Photo)

http://www.nrttv.com/EN/News.aspx?id=15126&MapID=2

 

 

SULAIMANI — The Council of Representatives gathered on Saturday (September 14) for the first meeting of the autumn legislative session with a long list of tasks ahead of it, most importantly drafting the federal budget for 2020.

Before going into depth on longer-term issues, the parliament first addressed the stampede in Karbala on September 10, which occurred during an Ashura procession and resulted in the deaths of at least 31 people.

Speaker Mohammed Halbusi said that the government would investigate the cause of the incident and lawmakers voted to adopt a resolution calling for the families of those who died to be compensated.

Substantively, the session focused on the formation of a committee to look into measures to preserve Iraqi sovereignty, which will include representatives from the heads of the political blocs, as well as the foreign relations, security, defense, and legal committees.

Currently the government is working to prevent Iraq from again becoming a battleground as a result of regional tensions. Baghdad has close relationships with both Washington and Tehran.

The focus on sovereignty is also likely a consequence of allegations that Israel has been violating Iraqi airspace to attack bases belonging to the Popular Mobilization Forces (PMF), although explosions at the bases have officially been explained as accidents.

Moreover, Iraqi territorial integrity is routinely violated by Turkey in its efforts to combat the Kurdistan Workers’ Party (PKK), whether that be in the form of Turkish troops within the Kurdistan Region or cross-border bombings.

The Council of Representatives also voted to form a committee to follow up on the government plans to enable the return of displaced persons to their places of origin. The committee will also review the government’s actions to follow up on the cases of those who have gone missing since 2003, either as a part of conflict, displacement, or force disappearances.

However, as the legislative session gets closer to year’s end, it is expected that most of parliament’s efforts will go towards drafting and passing the 2020 federal budget law.

Always a contentious exercise, this year’s budget process is expected to be no easier, especially given that the Kurdistan Regional Government failed to live up to its obligations outlined in last year’s law. Frustration among some federal lawmakers over Erbil’s refusal to send 250,000 barrels of crude oil per day to Baghdad has increased over the summer. Conversely, Kurdish MPs will work hard to protect the Region’s budget share.

Halbusi also said that legislation would also be offered on a range of issues during the coming session, including the abolition of the offices of general inspectors and revisions to the Integrity Law, the Civil Service Law, and the Health Insurance Law.

(NRT Digital Media)

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Saleh to (OPEC): Iraq is keen to abide by the decisions of the Organization

Release date:: 9/19/2019 21:22  92 read times
Saleh to (OPEC): Iraq is keen to abide by the decisions of the Organization
(Baghdad: Euphrates News) President of the Republic Barham Saleh, Iraq's keenness to abide by the decisions of the Organization (OPEC).
This came during a meeting, on Saturday, Secretary General of the Organization of Petroleum Exporting Countries (OPEC) Mohammed Barkindo.
A statement from his office, which received (Euphrates News) a copy of it that "was discussed during the meeting the preparation of supplies to celebrate next year (60) anniversary of the founding of the organization in Baghdad in 1960."
Saleh pointed out during the meeting to "Iraq's keenness to abide by the decisions of the Organization as an active member, and supportive of its policies aimed at achieving balance in oil markets," stressing "the need for joint collective action of OPEC countries to stop the fluctuation of production, and maintain the agreed rates."
In turn, Barkindo praised the role played by Iraq in the organization and its commitment to its decisions, stressing that "Iraq has a prominent role in the stability of oil markets, and enjoys an important position and high appreciation of OPEC members."
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Kurdish source reveals details of the visit of the delegation of the region to Baghdad

By ahad5 14/09/2019 08:57 PM | The number of readings: 1
Kurdish source reveals details of the visit of the delegation of the region to Baghdad

Al-Ahd News- Continue

A Kurdish government source revealed on Saturday a topic which he described as important to be discussed by the Kurdish delegation during his next visit to Baghdad.

The source said, "The delegation of the Government of the Territory, which will visit Baghdad, will be headed by Minister of Planning Dara Rashid, and loaded with all the powers on a number of outstanding issues with the federal government."

He added that "the most important topic will be discussed by the delegation is the region's share of the 2020 budget, and in the event of obtaining guarantees to increase its share of the budget and the payment of peshmerga dues and salaries in full, it will proceed with the rest of the negotiations that will lead to the resolution of outstanding problems between the region and the center."

The source added that "the normalization of the situation in Kirkuk and disputed areas will also be on the table," noting that "this file will be used as a kind of pressure on the federal government to ensure its approval of the financial allocations to the region."

He pointed out that "the arrival of negotiations to the positive results will agree to the Kurdish delegation to hand over Baghdad 250 thousand barrels of oil of the region, as well as the delivery of part of the revenues of border crossings, but if the negotiations do not reach the results satisfactory to the parties, it will be left to other visits."

 

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From Yota

 

 

 
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The Executive Office of the World Tourism Organization, which was held in St. Petersburg, Russia, elected Iraq as a member of the Program and Budget Committee representing the countries of the Middle East.

The Director General of the Department of Tourism totals in the Tourism Authority Mohammed al - Obeidi said in a statement Alsumaria News received a copy of it, it is "based on the decisions and recommendations of the meeting of the Executive Bureau for the World Tourism Organization , held in the city of St. Petersburg was chosen the Republic of Iraq for membership of the Committee for Program and Budget representatives from the countries of the Middle East ".
 
 
 
Al-Obeidi added that he chaired "these meetings with the Director of International Relations, Ali Yassin ," pointing out that "this committee is one of the most important committees of the World Tourism Organization, which is responsible for drawing up the policies, financial, technical and administrative strategies of the United Nations."
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