Al-Kazemi arrives in Washington

politicsWashingtonAmericabreakingAl-Kazemi 2021-07-25 14:23A-AA+

Shafaq News/ Prime Minister Mustafa Al-Kazemi arrived on Sunday, at the head of a government delegation, in the United States of America, on a visit that will last for several days, which will witness the discussion of Iraqi-American relations in various fields.

Al-Kazemi said before leaving Baghdad; “This visit comes within the framework of Iraq’s efforts to consolidate a close relationship with the United States of America, based on the foundations of mutual respect and bilateral cooperation in various fields, and it culminates long efforts of intensive work during the strategic dialogue sessions to organize the security relationship between the two countries on the basis of the Iraqi national interest.” “.

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SOMO reveals its approved conditions for selling Iraqi oil to international companies

Economie| 09:20 – 25/07/2021

image

Baghdad – Mawazine News

Today, Sunday, the National Oil Marketing Company “SOMO” counted the total revenues and exports of crude oil during the first half of this year, and while it revealed the region’s directly exported oil revenues, it determined the mechanism for selecting international companies purchasing Iraqi crude oil and the approved terms.
The Associate Director General of the Oil Marketing Company for Crude Oil and Gas Affairs, Ali Nizar Faeq, said, “We would like to show some information about the quantities exported of Iraqi crude oil by the federal government represented by the Oil Marketing Company and from the Kurdistan Region’s sales of crude oil for the period from the beginning of the current year 2021 until end of last June.
He added, “The sales of Iraqi crude oil from the southern ports of Basra light, medium and heavy oil, as well as from the northern port of Kirkuk crude oil exported by the Oil Marketing Company through the Turkish port of Ceyhan, achieved a total of 33 billion dollars, and a monthly rate of about 5 billion and 500 million dollars.” American,” noting that “the rate of sales was volatile and about an increase, and it was a total of about 528 million barrels until the end of last June.”
He pointed out that “sales from the Kurdistan region, which are outside the exports of the oil marketing company, when directly sourced by the region, amounted to about 77 million barrels, while its total revenues if calculated at the export price of a barrel of Kirkuk crude oil by the oil marketing company would be Therefore, the total revenue achieved until the end of last June was about 4 billion and 800 million US dollars.
Regarding the approved and standardized mechanisms of the Oil Marketing Company to invite companies to purchase Iraqi crude oil, Faeq said, “The mechanism is known to all international companies and is unified as well, and the basic standards for dealing with companies purchasing Iraqi oil confirm that they must be the owner of at least a refinery if they are not the owner of a number of refineries.” In different markets and regions of the world, with the application of financial and global suitability standards and the ability to withstand various market fluctuations.
He continued, “
He pointed out that “the Oil Marketing Company focuses on the basic principles of marketing, which is the export of the entire quantities available for export with the highest possible return, and this prompts the marketing company to look at the markets with a differentiation as all other countries producing and exporting crude oil,” noting that “most of the oil exports Iraqi crude is heading to the promising Asian market, which is witnessing a growth in the energies of liquidation and consumption of crude oil, despite all the conditions that are afflicting the world, but this market remains the focus of attention and the kiss of crude oils produced and exported from the region, which major countries and international companies compete for, including Iraq. .
He pointed out that “China comes first, and this is a natural matter in light of the increasing and growing energies of liquidation in this country and the arrival of demand in it to the highest limits, which began to compete in its demand, the United States of America, and in the second place is India, which Iraq is still proud of being one of the largest Crude oil exporters to this country despite the strong competition it faces from neighboring crude oil-producing countries.
He continued: “And what we also expect from the return of some oils that were outside the main official market, such as Iranian crude oil, but we still rank first in our exports to the second largest market in Asia, which is the Indian market,” noting that “the European market comes in second place after the markets.” Asian market and then the American market.
He stressed that the oil marketing company is keen to maintain a foothold and market share in these two markets and not Nkhsarhama under the consideration of a strategy to market alternative as opportunities in the event of any of these exposed markets to financial setbacks , or economic or even political or geopolitical. ”
He pointed out that” The Oil Marketing Company continues to achieve successive successes by exporting the entire quantities available for export at the highest possible prices. Ended 29/A87

https://www.mawazin.net/Details.aspx?jimare=161683

US removes tariff threats against Việt Nam

Update: July, 25/2021 – 09:58

The headquarters of the State Bank of Việt Nam. The Office of the US Trade Representative will not take any tariff action against Việt Nam. — VNA/VNS Photo Trần Việt

WASHINGTON — The Office of the US Trade Representative (USTR) on Friday issued a formal determination in the Việt Nam Currency Section 301 investigation, under which the agency will not take any tariff action against Việt Nam.

A statement by the USTR said the move reflects the agreement reached earlier this week between the US Department of the Treasury and the State Bank of Việt Nam (SBV). 

The determination finds that the agreement between the US Department of the Treasury and SBV provides a satisfactory resolution of the matter subject to investigation and that no trade action is warranted at this time. The USTR, in co-ordination with the US Department of the Treasury, will monitor Việt Nam’s implementation going forward, it said. 

US Trade Representative Katherine Tai commended Việt Nam for its commitment to addressing the US’s concerns with its currency practices and setting an important example for the Indo-Pacific region. 

American workers and businesses are stronger when their partners value their currency fairly and compete on a level playing field, she said, adding that in coordination with the US Department of the Treasury, the US will work with Việt Nam to ensure implementation, and will continue to examine the currency practices of other major trading partners. 

Earlier this week, the US Department of the Treasury and SBV reached an agreement to address the US’s concerns about Việt Nam’s currency practices.

A joint statement by the US Department of the Treasury and SBV said that SBV Governor Nguyễn Thị Hồng and US Secretary of the Treasury Janet L. Yellen held a virtual meeting to discuss the issue.

The US Department of the Treasury and SBV have had constructive discussions in recent months through the enhanced engagement process, and reached an agreement to address the US Department of the Treasury’s concerns about Việt Nam’s currency practices as described in the US Department of the Treasury’s Report to Congress on the Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the US.

Việt Nam confirmed that it is bound under the Articles of Agreement of the International Monetary Fund (IMF) to avoid manipulating its exchange rate in order to prevent effective balance of payments adjustment or to gain an unfair competitive advantage and will refrain from any competitive devaluation of the Vietnamese đồng.

SBV is also making ongoing efforts to further modernise and make more transparent its monetary policy and exchange rate framework.

SBV will continue to provide necessary information for the US Department of the Treasury to conduct thorough analysis and reporting on SBV’s activities in the foreign exchange market in the US Department of the Treasury’s Semiannual Report to Congress on the Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the US. — VNS

Vietnamnews.cn

Al-Kazemi wins the withdrawal card: Iraq is not Afghanistan

2021/07/25 15:14

  • number of readings 32
  • Section : Iraq

Baghdad / Obelisk: The sessions between the US and Iraqi foreign ministers, Anthony Blinken and Fouad Hussein, and Iraqi military officials with their American counterparts, witnessed the affirmation of the principles they agreed on in the Strategic Framework Agreement, according to a statement by US State Department spokesman Ned Price.

Price added that Secretary Blinken encouraged the Iraqi government to continue efforts to meet the Iraqi people’s demands for justice and equity, and expressed support for Iraq’s efforts to combat corruption and economic reform, as well as to hold elections later this year. 

Blinken reiterated once again that the United States remains committed to helping the Government of Iraq achieve a secure, stable, and prosperous future. 

Observers considered these headlines as a summary of the agenda discussed by Iraqi Prime Minister Mustafa Al-Kazemi with US President Joe Biden.

 Al-Kazemi seeks to obtain supportive political positions for him, prior to his preparation for the political confrontations that await him, on top of which is setting an initial date for the withdrawal of US combat forces, enabling him to face internal pressures, to early elections, confront corruption, and carry out broad reforms.

Blinken announced before his meeting with his Iraqi counterpart that although the US-Iraq partnership is the closest in the war against ISIS, today it is much deeper and broader than that.

While the Shiite forces and parties in particular, want to remove the combat military forces from Iraq, the Peshmerga forces in the Kurdistan Parliament have expressed their fears of turning Iraq into a new Afghanistan in the event of the withdrawal of US forces.

The official of the Peshmerga Committee in the Kurdistan Regional Parliament, Revenk Haruri, said in a statement on Sunday that Iraq needs US military support, considering that the early withdrawal of US combat forces from Iraq will create a big gap in front of the Iraqi army and the Peshmerga in the face of terrorism.

The member of the Iraqi Parliament, Yonadam Kanna, also warned of the danger of the immediate exit of the American forces from the country, and he also ruled out a repetition of the scenario of what happened in Afghanistan in Iraq, but he believes that the immediate exit of the American forces will weaken the ability of the Iraqi military forces to defend the country, because most of the weapons Today, the Iraqi forces are American and the air cover is American.

But Al-Kazemi believes that Iraq is not Afghanistan and that the US withdrawal from Iraq is not similar to the withdrawal from Afghanistan, stressing that Iraq is open to all countries and is concerned with the political stability of the region.

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Iraq ranks fourth in the list of the 5 largest economies for 2021

2021/07/25 12:53

  • number of readings 178
  • Section : Iraq

Baghdad / Obelisk: The International Monetary Fund’s estimates of the gross domestic product, on Sunday, July 25, 2021, indicated that Iraq has the fourth largest Arab economy.

International monetary estimates indicated that the expectations of the Iraqi gross domestic product amount to 190.7 billion dollars at the end of 2021.

The International Monetary Fund expects that the Iraqi gross domestic product will begin to recover slowly during this year, as it will grow by 1.1%, after it contracted last year by 10.9%, while it recorded a growth of 4.5% during 2019, i.e. before the outbreak of the Covid-19 pandemic. .

The repercussions of the pandemic and the sharp decline in oil revenues have exacerbated long-term economic vulnerabilities as well as constraining the government’s ability to provide an effective financial response to the crisis, and it is expected that oil production in Iraq will continue to decline to 3.95 million barrels per day, compared to 4 million barrels per day last year. and 4.6 million barrels in 2019.

It is likely that the per capita GDP in Iraq will increase by 7% to $4.6 thousand this year, compared to $4.3 thousand in the pandemic year, while it recorded $5.7 thousand in 2019.

Iraq ranks seventh in the Arab world in terms of per capita output this year, after Qatar, the UAE, Kuwait, Bahrain, Saudi Arabia and Oman, respectively.

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Al-Kazemi before his meeting with Biden: Iraq does not need American combat forces

politicsbreakingUS forces in IraqJoe BidenMustafa Al-KazemiStrategic Dialogue 2021-07-25 07:01A-AA+

Shafaq News/ The Iraqi Prime Minister Mustafa Al-Kazemi confirmed on Sunday that Iraq no longer needs the American combat forces to fight ISIS, while stressing that the official time frame for their redeployment will depend on the results of the talks he will hold with American officials this week. .

Al-Kazemi said in an interview with the American “Associated Press” agency, that Iraq will continue to request American training and military intelligence information.

Al-Kazemi’s statements came ahead of his scheduled visit to Washington, in which he will meet with US President Joe Biden tomorrow, Monday, in order to hold a fourth round of strategic talks.

Al-Kazemi said in the interview: There is no need for any foreign combat forces to be present on Iraqi soil, noting that the Iraqi security forces and army are able to defend the country without the US-led coalition forces.

However, Al-Kadhimi said any timetable for withdrawal must be based on the needs of Iraqi forces that have demonstrated their ability in the past year to conduct independent missions against ISIS.

Al-Kazemi explained that the war on ISIS and the readiness of the Iraqi forces require a special timetable, and this depends on the negotiations that he will conduct in Washington.

The United States and Iraq had agreed last April that the American transition to training and advisory tasks would mean ending the American combat role, but a timetable for completing the transition was not settled.

In the meeting, which will be held at the White House tomorrow, Monday, Biden and Al-Kazemi are expected to set a timetable, perhaps by the end of this year, according to the Associated Press.

The presence of US forces has remained at 2,500 since late last year, when the former US president ordered a reduction from 3,000.

This morning, Sunday, Iraqi Prime Minister Mustafa Al-Kazemi headed to the United States of America at the head of a government delegation.

A statement issued by his media office stated; The visit will last for several days and will witness a discussion of Iraqi-American relations in various fields and bilateral issues of common interest.

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Masrour Barzani announces the distribution of salaries without deduction to employees in the Kurdistan Region

Kurdistan womenKurdistan Regionbreakingsalaries 2021-07-25 06:58A-AA+

Shafaq News/ The Prime Minister of Kurdistan Region, Masrour Barzani announced on Sunday that the regional government will start distributing salaries to employees and workers in the public sector, without any deduction.

Barzani said in a televised speech to the residents of the region today, that “as we previously confirmed that the regional government will distribute salaries as they are and without deduction if the necessary financial revenues are secured.”

He added that the Supreme Economic Council and the Kurdistan Regional Council of Ministers decided today to distribute salaries from a deduction, adding that the federal government sent sums of money to the region and if it continued its commitment, we will continue to distribute salaries without deduction.

Barzani confirmed that as of this month, the salary deduction will stop.

On another side of the sentence, the Prime Minister touched on the rapid rise in Corona injuries in the region, stressing the need for citizens to adhere to health measures and preventive measures.

Barzani also urged the need to rush in taking vaccine doses, saying that it is “the only way to protect against disease,” calling on the Ministry of Health to work on providing vaccines.

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Al-Kazemi to the United States of America at the head of a government delegation

politicsbreakingMustafa Al-KazemiWashington visit 2021-07-25 06:54A-AA+

Shafaq News/ Prime Minister Mustafa Al-Kazemi headed today, Sunday, to the United States of America at the head of a government delegation.

A statement issued by the Media Office of the Prime Minister, received by Shafak News Agency, stated; The visit will last for several days and will witness a discussion of Iraqi-American relations in various fields and bilateral issues of common interest.

The statement quoted Al-Kazemi as saying before leaving Baghdad; “This visit comes within the framework of Iraq’s efforts to consolidate a close relationship with the United States of America, based on the foundations of mutual respect and bilateral cooperation in various fields, and it culminates long efforts of intensive work during the strategic dialogue sessions to organize the security relationship between the two countries on the basis of the Iraqi national interest.” “.

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