Iraq announces an agreement to pump 400,000 barrels per day, starting next October

economyIraqOil MinistrybreakingIraq’s oil 2021-09-01 16:47A-AA+

Shafaq News/ Oil Minister Ihsan Abdul-Jabbar announced, on Wednesday, the agreement to pump 400,000 barrels per day as of next October.

Abdul-Jabbar said in a statement received by Shafaq News Agency that it was agreed to pump this amount as a gradual increase, starting from the month of October, stressing the importance of the collective agreement and the success of the member states of “OPEC” and “OPEC Plus” in a proper and wise deal with the great challenges.

The Minister of Oil added that the agreements to reduce production and pump deliberate, gradual increases to the oil market have led to containing the “chaos” caused by the repercussions of the spread of Covid 19, stressing that the oil market will remain subject to the monitoring of the research and concerned authorities in the “OPEC” and member states in order to deal immediately with Variables in supply and demand.

The Minister of Oil expressed his hope for the stability of the oil market during the coming period, stressing that Iraq supports all agreements that lead to the stability of the oil market.

It is noteworthy that the members of OPEC + met today to discuss the agreed increase of 400,000 barrels for the members of the organization, which will be distributed according to the production of each country.


Foreign Minister: Iraq has moved to the stage of economic cooperation and partnerships

money and business

Economy News _ Baghdad

Foreign Minister Fouad Hussein discussed with his Austrian counterpart Iraq’s active role in bringing the views of the neighboring countries closer to resolving some problems of common interest, and moving from the stage of disagreements to the stage of economic cooperation and partnerships in a way that serves security and stability in Iraq and the region.
And the Foreign Ministry said in a statement received by “Economy News”, that “Foreign Minister Fouad Hussein met his Austrian counterpart Alexander Schallenberg in the capital, Vienna, to discuss ways to enhance bilateral relations between the two friendly countries. cooperation to eliminate terrorism and restore security and stability to the region.
He Aleban that “Hussein and Chalnberg also discussed the Iraqi government ‘s efforts and its diplomacy quiet holding Baghdad conference for cooperation and partnership , which was held in 28.08.2021, which confirmed the participants to support Iraq politically, economically and security, and non – interference in its internal affairs.
And the price of the Minister The important and pioneering role of Iraqi diplomacy in the region and the importance of the continuity of this role for security and joint work in the region. He stressed that Austria also within the European Union strongly supports this role.
Hussein stressed that “Iraq’s foreign policy is based on balance in its relations with its external environment, and Iraq was able to establish The platform and tools for dialogue, and Baghdad has turned into a center for communication and positive interaction,”
noting that “the government is making all efforts to develop the economy and multiply financial resources through revitalizing the agricultural, industrial and tourism sectors.”
The two sides also discussed holding the upcoming Iraqi elections under international and European monitoring, and the need for cooperation and exchange of experiences in the security field to confront ISIS terrorist cells in Iraq. They also discussed the issue of migration and Iraqi immigrants and the Iraqi government’s measures in this aspect.
Minister Hussein expressed Iraq’s keenness on bilateral cooperation for the benefit of the peoples of the two friendly countries, in addition to strengthening coordination mechanisms and political consultation on regional and international issues of common concern, and resuming the meetings of the Iraqi-Austrian joint committee as a framework for activating bilateral cooperation between Baghdad and Vienna.
He also valued Austria’s supportive stances for Iraq in various fields, including: within the framework of the international and humanitarian coalition, and their contribution to the reconstruction of liberated cities, calling for the reopening of the Austrian embassy in Baghdad.
For his part, Austrian Foreign Minister Alexander Schallenberg expressed his country’s aspiration to strengthen bilateral relations with Iraq and achieve a qualitative leap in cooperation between the two countries, expressing his country’s readiness to support Iraq in achieving security, stability and reconstruction.

The Kurdistan government announces a number of decisions and agrees with Baghdad to receive one million liters of gasoline per day

Kurdistan womenKurdistan RegionbreakingKurdistan Regional Governmentpetrol 2021-09-01 12:34A-AA+

Shafaq News / The spokesman of the Kurdistan Regional Government, Jutiar Adel, announced on Wednesday that a number of decisions were taken of concern to the Kurdish citizen, while confirming the agreement with the federal government to receive one million liters of gasoline per day.

Adel said in a press conference after the cabinet meeting, which was attended by Shafak News Agency, that “today’s meeting shed light on Macron’s visit, describing it as historic, and that the region has a place as a political player, and thanked him for the visit.”

Adel added, “The Kurdistan government also thanked the international coalition forces for their continuous support for the region in the war against ISIS, and the cabinet meeting discussed in detail the strategic dialogue, and the regional government welcomes any dialogue.”

He pointed out that “the session witnessed the adoption of a group of decisions of interest to citizens, and the Cabinet Office was assigned the need to speed up the implementation of these decisions,” pointing to “the agreement with Baghdad that the region receives one million liters of gasoline per day, and also an increase in the share of refineries to increase the amount of production of gasoline, and there are expectations The price of gasoline will decrease in the coming days, and that the Prime Minister will personally supervise the committee concerned with monitoring the price of bread and gasoline.”

Adel noted that “the government meeting witnessed a request by the Ministry of Communications to notify the telecommunications companies not to sell mobile phone chips without documents.”

And a spokesman for the Kurdistan government stated, “The local refineries have expressed their willingness to filter one million liters per day for the local market, and also by the beginning of next October, the white oil will reach the citizens.”

Regarding double salaries in Kurdistan, Adel said, “We previously announced that according to the reform law, the salaries of more than 21 thousand employees were suspended for those who were taking more than one salary and also more than one pension, and everyone who committed a legal violation will take legal measures with him.”

On the issue of deporting young people from the Kurdistan Region to Syria, after they were told that they consider themselves Syrians, they will not be deported, he continued, “Unfortunately, young people who migrate for any reason, the regional government always follows up on their affairs by providing job opportunities or addressing their problems, but this is a difficult issue.”

And Adel added, “For this issue, we are in contact through the Department of Foreign Relations, and we have taken a set of measures to address the problems of these young people.”

Regarding the region’s budget draft, Adel said, “Parliament requested the preparation of the draft law, but we will not be able to complete it because the year is almost over, but we will look at the matter and study it, how the situation will be, and we are waiting for a request from Parliament to respond to them that we will prepare the budget for the next year 2022.”

The stability of dollar prices with the closure of Baghdad markets

economydollar pricesstock market stability 2021-09-01 12:31A-AA+

Shafaq News/ The exchange rates of the US dollar stabilized against the Iraqi dinar, on Wednesday, with the closure of the main stock exchange in Baghdad.

Shafak News Agency correspondent said that the central Al-Kifah and Al-Harithiya stock exchanges in Baghdad closed at 147,200 Iraqi dinars for $100, which are the same prices recorded this morning.

Our correspondent indicated that the buying and selling prices have stabilized in the banking shops in the local markets in Baghdad, where the selling price amounted to 147,750 Iraqi dinars, while the purchase prices amounted to 146750 dinars per 100 US dollars.

The government announces that it has thwarted an attempt to rig the elections

political| 03:52 – 01/09/2021


Baghdad – Mawazine News

The office of Prime Minister Mustafa Al-Kazemi announced, on Wednesday, a proactive operation that thwarted an attempt to rig the elections by putting pressure on a number of commission employees; With the aim of mixing political cards and creating chaos.

The office stated in a statement that Mawazine News received a copy of it, that “after careful technical investigations by the investigative agencies, and under the direct supervision of the judiciary, the security services were able to arrest a number of suspects in a group that tried to rig the elections,” by investing their relations with employees of the Electoral Commission. ; With the aim of provoking information and political chaos in Iraq, through a network of electronic communication sites, including a site called “The Green Lady,” its organizers tried by various means to suggest that it is linked to the office of the Prime Minister, its employees, or the Prime Minister’s advisors.

The statement continued, “Unfortunately, some media outlets, particularly those affiliated with some political forces, repeated these false slanders, without scrutiny and in a manner that lacks professionalism and fairness, and in what is a blatant violation of the law and professional principles.”

He added, that justice found its way to prove the invalidity of these lies and the falseness of their promoters, and even the involvement of some of them in electronic gangs, and after deepening the investigations and seizing criminal assets, including, for example, the electoral cards of one of the accused, and the arrest of a number of those in charge of this group and those who helped them By analyzing the computers and associated communications, an interwoven network of those responsible for the case, whether with funding, encouragement, or assistance, was found, including current and former political and parliamentary figures, and some employees of the Electoral Commission; In order to harm the relations between the authorities on the one hand, or the balanced relationship of the Prime Minister’s office with all political forces.

The statement indicated that the investigation into this case and other cases and all those responsible for it is continuing, and those involved will be brought to justice. The statement concluded, that the Prime Minister’s Office confirms the government’s continued implementation of its pledges to secure fair and fair elections, provide all its requirements, and maintains its impartial responsibility from competition in the electoral process and supports it, and that this principled role constitutes a firm commitment, and it will perform its legal duty to present any party to the judiciary. It is trying to offend this role, or mix papers and falsify facts, or accuse the Prime Minister’s office unfairly and slanderously, or try to derail the elections, including combating the phenomenon of organized electronic groups, which cause confusion, spread fraud, and threaten public stability. Ended 29/R77

3 decades after the invasion, Iraq is close to turning the page on Kuwait’s compensation

politicsKuwaitIraqbreakingcompensation 2021-09-01 07:38A-AA+

Shafaq News/ The financial advisor to the Prime Minister, Mazhar Muhammad Salih, revealed on Wednesday that Iraq will fulfill all its obligations regarding compensation for the invasion of Kuwait next year.

Saleh said in an interview with Shafaq News Agency, “Deduction of 3% of each barrel exported abroad as compensation for the Kuwait war will end next year.”

He added, “The remaining amount is not more than one billion dollars, and it will be completed in the coming months.”

 Iraq must deposit a percentage of its export revenues from sales of oil, its products and gas, in an international fund established under the name of the United Nations Compensation Fund.

In 1991, a UN Compensation Committee was formed, obligating Baghdad to pay $52.4 billion in compensation to individuals, companies, governmental organizations and others, who incurred losses resulting directly from the invasion and occupation of Kuwait in the early 1990s.