EU, World Bank support Iraq Energy Sector Reforms

12th December 2018 in Iraq Oil & Gas News

In the framework of the financing agreement signed yesterday by the Government of Iraq (GoI) and the European Union (EU) committing €14 million (US$15.8 equivalent) to support the government’s efforts to ensure increased and more reliable energy access for the Iraqi population, the EU and the World Bank Group (WBG) have signed today a €12.85 million (US$14.5 equivalent) implementation agreement to provide the needed technical assistance.

The initiative complements the ongoing and upcoming World Bank interventions in support of the GoI’s energy sector reforms, including those embedded in the budget support operations series (Development Policy Financing programs – DPFs), the Reimbursable Advisory Services (RAS) for structuring the Gas Value Chain and Gas Marketing in Iraq, and the support to subsidy reforms funded by the ESMAP’s Energy Subsidy Reform Technical Assistance Facility (ESRAF).

Supporting Iraq’s private sector enabling energy sector reforms is a priority development objective in the country both for the EU and the WBG. In a country where the energy sector accounts for more than 90% of central government revenues, addressing energy sector challenges is an essential and complementary action to any public finances related reforms, an area in which the European Union and the World Bank are also partnering in Iraq.

The country is also the world’s 3rd largest exporter of oil and its untapped natural gas reserves are the 12th largest in the world, yet it is forced to import fuel to meet its domestic energy demand, which imposes significant economic and fiscal strain on public finances. Equally important, Iraqi citizens are regularly faced with power shortages and have to resort to more expensive and pollutant sources of energy.

Efficiency in the management of public resources and delivery of services are critical to the achievement of public policy objectives, especially for a resource-rich upper-middle income country like Iraq, as well as fundamental to restore the trust and social contract between Iraqi citizen’s and the country’s institutions, especially in a post-conflict era of stabilisation and reconstruction. “As pledged in the Kuwait Conference, the European Union is committed to help Iraq’s reconstruction efforts and economic and political reforms to secure a better future for its citizens,”

(Source: Relief Web)

Iraq-businessnews.com

Trump signs the law on accountability for genocide in Iraq and Syria

 

 

2018/12/12 04:58 pm
الرئيس الأمريكي دونالد ترامب

 US President Donald Trump
(KUNA) – US President Donald Trump signed on Tuesday the “Relief and Accountability Act on the Genocide in Iraq and Syria” which will direct humanitarian aid, stability and recovery assistance to various minorities in both countries. 
“The bill directs the State Department to encourage foreign governments to identify and prosecute persons suspected of crimes against humanity, genocide or war crimes, including members of foreign terrorist organizations operating in Iraq or Syria,” White House deputy spokesman Lindsay Walters said in a statement. “He said. 
Walters noted that President Trump’s administration remains committed to defeating the so-called “da’ash” and providing constant support to the individuals targeted by their efforts. 
The law was passed between the Republican and Democratic parties unanimously in the House of Representatives and the Senate.

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Parliamentary Finance blew up a surprise on the size of the benefits of loans and compensations Kuwait by 2019 budget

Politics    12.11.2018 10:44  1128    Editor: Mos

Baghdad today _ follow-up

The Finance Committee of the parliamentary, Tuesday (11 December 2018), the size of the benefits of loans and compensations Kuwait in the Iraqi federal budget for 2019.

“The size of the interest of loans payable in the General Budget Law is estimated at 11 trillion dinars, or about 10 billion dollars, in addition to one and a half billion dollars in compensation for Kuwait,” said the head of the committee.

Qaddo revealed that “a proposal submitted by his committee to the government to form a negotiating delegation to visit Kuwait in order to postpone payment.”

On the price of oil, Qadu said that “the Iraqi state is facing unstable conditions after the drop in oil prices globally.” He added: “We may be forced to reduce the price of a barrel of oil in the draft budget law to $ 51 per barrel instead of $ 56.

The MP pointed out that “this measure will increase the proportion of deficit in the federal budget law to (35) trillion dinars, or more than (30) billion dollars,” adding that “what we are working on at the moment to complete the vote on the budget law before the end of the year “He said.

He pointed out that “the legislative holiday of Parliament will be on the third of next month, but the Parliament will be forced to extend its legislative term until the adoption of the federal budget law,” stressing that “the budget needs to review and time before the offer to vote.”

On Thursday, September 13, 2018, the State of Kuwait provided a grant to Iraq under the guidance of its Emir Sheikh Sabah Al-Ahmad Al-Sabah, which included four ambulances and medical equipment worth up to $ 1.8 million.

“The grant was presented at an official ceremony in the Green Zone in Baghdad, attended by the Secretary General of the Iraqi Council of Ministers Mehdi Alalak, Kuwaiti Ambassador to Iraq Salim Al Zamanan, a number of Iraqi officials and a representative of the Kuwait Red Crescent Society, .

Al-Alak said during the ceremony that “the grant of these ambulances comes within the framework of the continued support of Kuwait to the humanitarian file in the liberated provinces of what is called the organization of a preacher.”

“The donation is part of Kuwait’s assistance to the brothers in Iraq, as part of Kuwait’s campaign beside you, launched by the Emir of Kuwait, to confront the difficult circumstances caused by the terror of the preachers in some areas of Iraq,” Ambassador Zamanan said.

The Kuwaiti agency said that “the grant is provided by the Kuwaiti Red Crescent Society, to the provinces of Anbar, Nineveh, Kirkuk and Salahuddin;

At the Iraq Reconstruction Conference on February 14, 2018, Kuwait announced the provision of $ 2 billion to Iraq in the form of loans and investments to contribute to its reconstruction efforts.

A total of $ 30 billion was pledged by 76 countries and regional, international and local organizations.

https://baghdadtoday.news/news/67956/Baghadad-Tens-of-America

Kurdish source: Baghdad agreed to increase the share of the province of the budget

Policy    12/11/2018 19:47  1333

Baghdad today – Baghdad

Revealed a Kurdish political source early on Tuesday, the approval of the federal government in Baghdad, to increase the share of the Kurdistan region of the budget, announcing the new ratio.

The source said for “Baghdad today,” that “the joint government committee, which is formed to consider the share of the region of the federal budget, the General agreed to increase the share of Kurdistan by the budget in 2019.”

“An agreement was reached to increase the share of Kurdistan to 14 percent of the 2019 budget, instead of 12.67, as was the case in the 2018 budget,” the source said, adding that the agreement “came to please the Kurdish parties.”

He continued, “The proposal to increase the share of the region was submitted by Finance Minister Fouad Hussein, and was approved by the Joint Governmental Committee.”

The draft draft law of the budget of 2019, estimated revenues of 105 trillion and 569 billion and 686 million and 870 thousand dinars, with an export rate of oil of 3 million and 880 thousand barrels per day.

While the public expenditure for the year 2019, 128 trillion and 443 billion and 52 million and 427 thousand dinars, while the deficit will be around 22 trillion and 873 billion and 365 million and 557 thousand dinars, covered by increases in oil prices or increased production, and domestic and external borrowing.

The introduction of the draft federal budget law for 2019, in the House of Representatives, the objections of a number of political forces on the pretext of varying dues of the provinces, while called for the three presidencies, to amend the draft law, as appropriate to the requirements of liberated areas, and the provision of services

https://baghdadtoday.news/ar/news/68166/%D9%85%D8%B5%D8%AF%D8%B1-%D9%83%D8%B1%D8%AF%D9%8A-%D8%A8%D8%BA%D8%AF%D8%A7%D8%AF-%D9%88%D8%A7%D9%81%D9%82%D8%AA-%D8%B9%D9%84

Al-Maliki: We will not allow you to take the post of vice president

 

BAGHDAD, Iraq – December 11: MP from the coalition of Saron, Gaeb Amiri, on Tuesday, a scathing attack on the head of a coalition of state law, Nuri al-Maliki, denying the existence of “any agreement on the assumption of the post of Vice President or any position in the Iraqi state.”

 

Al-Amiri said in a press statement that “there are a lot of political parties, including the alliance of Sowron, refuse to give al-Maliki any senior position in the new government.”

“Al-Amiri said that” Maliki’s recent statements come from the path of political bankruptcy, he is trying to bring himself to the forefront through statements far from reality, “stressing that” there is no prior political agreement on the assumption of Nuri al-Maliki any position, “as he put it

“The bloc of state law, led by al-Maliki does not have a parliamentary majority to be able to pass, but the consensus and approval of political forces, and the most important coalition of reform and reconstruction, and the rest of part of this alliance is large and important.”

The leader of the alliance of Sason, “There are figures with a lot of suspicions, which was one of the reasons for the fall of Iraqi cities, but the organization of a preacher, one of the faces tried, and will not allow any position.”

On December 10, the leader of the coalition of state law, Nuri al-Maliki, the existence of “an agreement to take over a senior position in the Iraqi state.”

“The president (Barham Saleh) is determined to be his first deputy,” Maliki said in a press statement. “But the Sunni brothers have not decided on the candidate for the second vice president.”

He said: “Perhaps the candidate of the year is Salim al-Jubouri, to submit names to the House of Representatives, for approval.” Finished (1)

calls for “effective” use of the US-Iraqi agreement

Kurdistan calls for "effective" benefit of the US-Iraqi agreement
 Twilight News    
 one hour ago

The Kurdistan Region Security Council adviser pleased Barzani on Tuesday, the Kurdistan Region demands to benefit effectively from the content of the US-Iraqi strategic agreement.

This came during a meeting with US Energy Secretary Rick Perry and his accompanying delegation.

A statement issued by the Barzani Information Office said that at the beginning of the meeting, the US Energy Minister expressed his satisfaction with the development witnessed in the Kurdistan Region. He also talked about the purpose of his visit, which includes strengthening US relations with Iraq and the Kurdistan Region in the field of energy and economy, Kirkuk oil through the Kurdistan Region good start.

For his part, Barzani said that the continuity of relations in all areas is in the interest of stability of the region in general, saying that work is underway and with the help of partners to make Kurdistan more powerful and developed.

He added that the Kurdistan Region demands to benefit effectively from the strategic agreement between America and Iraq, especially in the sectors of energy and economy and reforms.

And in the field of starting a new phase with Baghdad, explained the adviser to the Security Council of the Kurdistan Region that dialogue and discussion will continue in order to reach the appropriate solutions to all the problems.

Abdul Mahdi: Candidates of the Interior and Defense of the options of blocks and we will send a delegation to Washington {expanded}

 

Editorial Date: 2018/12/11 23:36 
The Prime Minister, Adel Abdul Mahdi, said Tuesday that there were ministers who had the freedom to choose them without any interference from any party, adding that “the rest of the ministers are chosen as a result of political agreements.”
“The political blocs, especially the blocks of construction and reform are the names and the prime minister has to choose who is closer to him in terms of efficiency and the formation of political balance,” Abdul Mahdi said during his weekly press conference. 
He added that “the political blocs are the candidates for the Ministries of Defense and Interior was not the Prime Minister is the one who chose or choose regardless of the prime minister’s point of view in the personalities chosen.” 
On US sanctions against Iran, the prime minister said he would send a delegation to the United States to seek an exemption from sanctions on Iran, allowing Baghdad to continue importing gas from Tehran. 
“The subject of gas is related to the sensitive matter of electricity, and the American side understands this situation and is trying to deal with Iraq to find ways to avoid pressure on him, we try to reach common visions.”
As for the opening of part of the Green Zone, Abdul-Mahdi said that “the decision to open the Green Zone, no return, despite attempts to block it,” noting that “the opening, despite its part, but carried many messages to the people,” explaining that “the official must live conditions of his people , And must be in the forefront, we are involved in this project, “pointing out that” the citizen if at risk, the official is also in danger. ” 
“We decided to give the ministries of commerce and electricity the opportunity to complete their contracts,” Abdul Mahdi said.