Economy: Iraq has a golden opportunity to increase its oil production

17:31 – 01/06/2019

Information / Special …

BAGHDAD (Reuters) – The Iraqi government has a golden opportunity to increase oil production within the Organization of the Petroleum Exporting Countries (OPEC), the parliamentary committee on economy and investment said on Saturday, pointing out that Saudi Arabia is unable to meet the needs of markets after cutting production.

“Saudi Arabia’s decline in oil production gave Iraq a golden opportunity to increase its oil production within the Organization of Petroleum Exporting Countries,” said a member of the committee, the charter of Ibrahim. “Saudi Arabia blocked the shortage of Iraq when the US sanctions were imposed in the 1990s and refused to reclaim its share. After the end of sanctions despite the continuing claims. ”

“The government is obliged to negotiate with OPEC to increase Iraq’s production and use the current time to achieve a stable economy for the country,” adding that ” tension between Tehran and Washington will push oil prices to rise in the coming days.”

“The government will use the surplus of oil money to support the productive and agricultural sectors to eliminate unemployment.”

Saudi Arabia raised production in May, but not enough to offset the drop in Iranian exports after the United States tightened sanctions on Tehran, a Reuters survey found on Saturday. End 25


The House of Representatives sets June 11 as the date for the resumption of its sessions

Political | 07:49 – 01/06/2019


Council will resume its session on June 11, a parliamentary source said Saturday.

The source said in an interview with / Mawazin News / “The Presidency of the Council invited the deputies to the meeting on Tuesday, June 11.”

“The agenda of the meeting has not yet been decided,” he said.

It is noteworthy that the House of Representatives raised its meeting last week to another notice

More than $ 7 billion in oil exports in May


More than $ 7 billion in oil exports in May



The oil ministry announced on Saturday the total exports and revenues achieved for the month of May.

The ministry said in a statement received by “Al-Ghad Press” that “the preliminary statistics issued by the Iraqi Oil Marketing Company (Sumo), the amount of exports 110 million and 736 thousand and 670 barrels, revenues amounted to seven billion and 384 million and 295 thousand dollars.”

The spokesman for the Ministry of Oil Assem Jihad that “the total quantities exported crude oil for the month of May from the oil fields in central and southern Iraq amounted to 106 million and 675 thousand and 881 barrels, while from the fields of Kirkuk through the port of Ceyhan amounted to three million and 166 thousand and 261 barrels, While the quantities exported from the field Qayyarah 894 thousand and 528 barrels.

He pointed out that “the daily average of exports amounted to three million and 572 thousand barrels, where the daily rate of export from the ports of Basra three million and 441 thousand barrels, and Ceyhan was the daily average 102 thousand barrels, while the daily rate of the field Qayara 29 thousand barrels.

Jihad said that “the average price per barrel amounted to 66,683 dollars.”

The Association of Private Banks honors a group of pioneers in the banking sector


President of the Association of Iraqi Private Banks Wadih al-Hanalal during his speech

Economy News Arbil

The Association of Iraqi Private Banks, through a banquet hosted in the city of Erbil, honored a number of pioneers in the banking sector.

Among those honored were the Director General of the Central Bank of Iraq in the city of Erbil, Abed Saleh, the head of the General Prosecutor of the Kurdistan Regional Government Azad Hassan, the President of the Court of Appeal of Erbil, Ephraim Khosnar, the adviser to the Minister of Finance of the Kurdistan Regional Government Adham Karim, economic expert Hammam al-Shamma and banking expert Faleh Daoud.

The President of the Association of Iraqi private banks, Wadih al-Hanal, in his speech on the sidelines of the banquet breakfast, which was attended by “economy News”, “In such a kind days, the Association of Iraqi private banks and in coordination with the Central Bank of Iraq to celebrate a number of pioneers of the banking sector, Ramadan last “.

“Three days ago, during a breakfast banquet in Baghdad, we honored a group of pioneers, and we did not forget to honor the generation of young people with great hopes and honor.”

In his speech, Al-Hantal blessed the election of Nizhvan Barzani as head of the Kurdistan region.

The President of the Association of Private Banks pointed out that the latter is keen “since its inception to participate in community initiatives, where it participated in the campaign (our people) to support the displaced and the initiative of (Baghdad) to rehabilitate 20 square in Baghdad, and also participated in the rehabilitation of the Church of the Virgin Mary in Baghdad and another church in Basra “He said.

“The matter has not stopped at this point, because the previous ideas generated new ideas, the latest of which is the idea of ​​rehabilitation and restoration of five bridges in Baghdad,” pointing out that “all the social initiatives that contribute to the Association of banks are in partnership with the Central Bank of Iraq.”

“The most important challenge facing Iraq is the scarcity of jobs in the government sector, with 100,000 colleges graduating every year, while there are 6.5 million employees in the state departments,” he said, stressing that the private sector should be involved in economic development.

Al-Hantal pointed out that “the banking sector in Mosul launched loans for the people of the province worth 5 million and without Murabaha in order to provide employment opportunities for them.”

The Mecca Summit concludes its 14th session with an Iraqi position calling for a constructive dialogue


6 hours ago Iraq

Mecca Summit

The summit of the Organization of Islamic Cooperation in Mecca concluded with the participation of Iraq, its 14th regular session, under the chairmanship of Saudi King Salman bin Abdul Aziz, where the Mecca Declaration was issued.

Saleh: Any collision in our region will endanger Iraq’s security.

The President of the Republic Barham Salih said in a speech to the summit that any collision in our region will endanger the security of Iraq and from this perspective, based on our interest in Iraq, and on the basis of our concern for the security of the region and the starting point of our concern for the security of our brothers and Arab national security, The door of constructive dialogue, stressing the need to adopt direct dialogue, and renounce violence and war ..

The Summit Declaration included 11 principles and steps that the OIC countries must adhere to and maintain: 

First, to commit to supporting the OIC to achieve the goals set forth in its charter, to move towards a new vision for a promising future for the Muslim world. 

Second : To work on developing the capabilities of Islamic countries, their systems in all fields, and achieving their development goals, through the development and implementation of the necessary plans and programs. 

Third : Emphasize the importance of the Palestinian cause as the central issue of the Islamic Ummah and work to end the Israeli occupation of the Arab and Palestinian territories occupied since 1967 in accordance with international resolutions and affirm the full solidarity with the Palestinian people and their right to live within their independent and sovereign state with Jerusalem as its capital. 

Fourthly: To condemn terrorism and extremism in all its forms and manifestations and to unite efforts to stand against terrorist organizations and to put in place laws and regulations to confront these scourges. 

Fifthly : Condemning the terrorist attacks against Saudi Arabia and the UAE on oil pumping stations in Saudi Arabia and commercial vessels in the UAE’s territorial waters and inviting the international community to fulfill its responsibilities to maintain peace and security in the region. 

Sixth : Refusing any attempt to link terrorism with any nationality, civilization or religion, and refusing to provide any direct or indirect support to groups and organizations that advocate violence, extremism and terrorism. 

Seventh : Continued full condemnation of all forms of intolerance, discrimination based on religion, color or creed, and cooperation among all peoples to combat racism and hatred. 

Eighth: The rejection of sectarianism and sectarianism in all its forms and manifestations, and encourage efforts to combat sectarian policies and practices, and promote reconciliation among all Muslims. 

Ninth : To emphasize that the media and social media have a great responsibility in achieving the goals, and away from causing chaos and strife between the sons of the Islamic nation. 

Tenth : Emphasize the importance of standing with Muslims in non-Muslim countries who are persecuted, and provide all their help, and adopt their issues in international forums. 

Eleventh : The OIC is aware of the changes and developments taking place at the international level, which necessitates the development of programs and tools to enable it to play its role at the regional and international levels.

The President returns to the country after his participation in the summits of Mecca

Editorial date: 2019/6/1 9:39

(Baghdad: Al-Furat News) President Barham Salih on Saturday stressed the need to adopt direct dialogue and renounce violence and war.

“President Barham Saleh returned this morning to the country after a fruitful participation in the Arab emergency summit and the 14th summit of the Organization of Islamic Cooperation (OIC) in the holy city of Mecca,” a press statement received by Al-Furat News said.

“The region needs stability based on a common security system based on respect for sovereignty, non-interference in internal affairs, renunciation of violence and extremism,” Saleh said.

“Stabilizing stability in Iraq requires the cooperation and understanding of our brothers, neighbors and friends, which requires all our brothers to support us and stand by us, because Iraq is one of the most important pillars of the region,” he said.

Saleh said that “any collision in our region will endanger the security of Iraq, and from this point of view, out of our interest in Iraq, and out of our concern for the security of the region, and out of our concern for the security of our brothers and national security Arab, Iraq will do its best to open the door of constructive dialogue, Stressing the need to adopt direct dialogue, and renounce violence and war. ”