Al-Awadi reveals the cost of the development road project with the Turkish side: it will be paid through the “Oil Fund” - 4/22/2024

[ronscarpa]

Al-Awadi reveals the cost of the development road project with the Turkish side: it will be paid through the “Oil Fund”

PoliticsTürkiyeBreakingCouncil Of MinistersDevelopment PathBassem Al-AwadiOil Fund

 

2024-04-22 // 08:25

 

Shafaq News / The Prime Minister’s spokesman, Basem Al-Awadi, revealed on Monday the cost of the development project announced by Prime Minister Muhammad Al-Sudani and Turkish President Recep Tayyip Erdogan, and the method of paying money to Turkish companies through an “oil” fund, in which the projects’ shares are placed. Through the Ministry of Oil, it is then sold to pay project funds.

 

Al-Awadi said, during a press conference attended by Shafaq News Agency correspondent, “Prime Minister Muhammad Shiaa Al-Sudani and Turkish President Recep Tayyip Erdogan signed 26 memorandums of strategic cooperation in various fields, including security, economy, investment, education, health, and other memorandums.”

 

He added, "The Iraqi National Security Council has described the PKK as a banned organization, and that the Iraqi-Turkish joint security committees are in continuous dialogue. Considering that the organization is banned, their presence in Iraqi territory is in the form of guests and they are not allowed to engage in partisan or political activity or military activity and are dealt with." With them as refugees under the supervision of international human rights organizations.”

 

He pointed out that "the Iraqi-Turkish strategic agreement signed by the Prime Minister contains a set of points, and a fund will be established in which the oil will be placed in the same manner as the Iraqi-Chinese framework, and that the oil resources will finance the project," indicating that "Turkish companies that will be announced later will work to build dams and dig... New rivers and converting some of the rivers that convert to evaporation from the river into pipes, so these are multiple projects for the coming years.”

 

He stated that "there are committees that will determine the amount of oil that will be placed in the fund and that the oil will be sold and its prices, which will be the basic ceiling for the projects implemented by Turkey, as they will be financed from the oil-financed fund."

 

In response to a question by Shafaq News correspondent, Al-Awadi said, “The cost of the development road reaches 17 billion dollars or more. Therefore, we need basic allies and countries to join the road, and this reflects positively on the economic and financial situation.”

 

Al-Awadi continued: “Today, Iraq signed a strategic quadripartite agreement with Turkey, Qatar, and the Emirates. This strategic agreement represents the launch of work for the development project in Iraq, and that these four parties will be the basic common ground that will bear the costs and investments, and there will be joint committees and distribute work among the four parties.” 

 

He pointed out that, “shortly after the signing of the strategic agreement, joint committees will be allocated between the countries, and that Iraq granted the development road plan to the Italian consulting company and it has now been completed to borders beyond Baghdad, and the first section began from Basra to Nasiriyah and then from Nasiriyah to Karbala and then to Baghdad.” In terms of planning, it has been completed according to the economic model, and within a month we will move directly to the committees that determine the economic model, after which the implementation of the development road project will begin.”

 

https://www.shafaq.com/ar/سیاسة/العوادي-يكشف-تكلفة-مشروع-طريق-التنمية-مع-الجانب-التركي-تسدد-عن-طريق-صندوق-النفط

[screwball]

3 hours ago, ronscarpa said:

and within a month we will move directly to the committees that determine the economic model, after which the implementation of the development road project will begin.”

 

[BETTYBOOP]

Well for a country  that has toilet paper for money they a certainly moving ahead and doing ok