Baghdad – Mawazine News The Ministry of Oil revealed, on Friday, a mechanism for dividing the gradual increase in production that was agreed upon in “OPEC +”, while stressing that this increase will contribute to reducing the deficit in the country’s financial budget. A spokesman for the Ministry of Oil, Assem Jihad, told the official news agency, “One of the most important priorities of the OPEC + member states is to maintain the stability of oil markets and control the required balance between supply and demand for crude oil, and work to address the oil surplus here and there.” Jihad added, “The gradual increase in production, which is estimated at (400) thousand barrels per day, which was agreed upon by the producing countries in “OPEC +” as of next October, will be divided according to the planned program to the member states in certain proportions and according to their oil production.” . He stressed, “It is a step towards careful handling of the requirements of the oil market in light of the challenges that confuse the movement and stability of the oil market, the most prominent of which are the new restrictions imposed by countries on their citizens after the spread of the new strain of the Corona virus, which affected the volume and quantities of consumption and decreased demand.” . He pointed out that “Iraq worked with the member states of “OPEC +” to adopt a realistic and studied deal with the needs of the oil market and absorb the oil surplus that surfaced after the repercussions of the spread of Covid 19, and here the importance of collective work on the stability of the oil market emerged, stressing that “” This has a positive impact on oil prices.” He noted that “the stability of prices at $70, despite the great challenges and the economic stagnation of many countries’ economies, is a good indicator for the OPEC + member countries.” And he indicated, “The stability of financial revenues for Iraq between 65 and 70 dollars during the past months is a good realistic indicator in light of the challenges facing the economies of countries and the (fragile) reality of the oil market,” noting that “Iraq aspires to achieve higher revenues through commitment to the increases. The gradual process that was agreed upon in “OPEC +”, which contributes to reducing the proportion of the budget deficit.” On Sunday (July 18, 2021), the Ministry of Oil announced the agreement of the OPEC + group to gradually increase by adding 400,000 barrels per day. Ended 29/R77
The Central Bank of Iraq, Mustafa Ghaleb Mokhif, participated in the conference of the Board of Governors of the Islamic Development Bank in Uzbekistan. A central bank statement received by “Al-Iqtisad News” stated that “the governor of the Central Bank headed the Iraqi delegation at the conference, which discussed a number of issues related to development in Islamic countries and the challenges that faced their economies in the wake of most of them being exposed to the repercussions of the Corona pandemic.” The statement indicated that “the conference dealt with enhancing the importance of the role of the Islamic Development Bank in assisting member states in sustainable recovery from the ongoing impact of the emerging corona pandemic, efforts to combat poverty, build resilience and create job opportunities for youth, in addition to implementing national development plans for member states, and stimulating economic growth. green and mobilizing additional resources for development. He added that “Makhif reviewed the government’s plans in the short and medium terms to revive the economy and achieve the goals stated in the government program and the role of the Central Bank in creating job opportunities through its various development initiatives.”
Informed sources said that the government of Iraq and Total Energy are about to finalize an agreement that will launch billions of dollars in investments aimed at boosting oil and gas production and reducing power outages in the Middle Eastern country.
The sources told Bloomberg, followed by Nass, (September 3, 2021), that “under the agreement, which may be announced soon on Sunday, the French energy company will invest in the large Artawi oil field in the southern province of Basra, and bring expertise In pumping sea water to oil wells in the region to maintain their production.
Total Energy will also help Iraq obtain natural gas associated with several oil fields in the region, as the sources said that “this fuel, which is currently burned in the open air, can be used to feed power stations, and that the company will also build a solar power plant.” Very large”.
These projects may come as a boon for the Iraqi government, which faces its elections next month as Iraq faces the dilemma of frequent power cuts, as well as faltering investment in infrastructure in the oil-rich country due to years of conflict, terrorism and insecurity.
Baghdad, which wants to reduce its dependence on gas imports from Iran, agreed in July to a preliminary agreement with Total Energy to boost the country’s hydrocarbon production and build a 1,000-megawatt solar power plant. The country relies mainly on natural gas to supply its power stations.
These deals will contribute to strengthening the French company’s presence in the second largest producer in OPEC, as well as its expansion in the Middle East and North Africa after previous deals in Libya, Qatar and Abu Dhabi.
Shafaq News/ National Security Adviser Qassem al-Araji revealed, on Friday, an upcoming meeting of the technical committees for the strategic dialogue between Iraq and the United States of America.
Al-Araji told Shafaq News Agency, “The technical committees for the strategic dialogue between Baghdad and Washington will meet next week to implement the outcomes of the dialogue for the fourth round.”
He added that “there is no other round or session of the strategic dialogue between Baghdad and Washington.”
Shafaq News/ The US “Bloomberg” website has counted a number of goals that the United States must achieve by committing to prolonging the US military presence in Iraq, due to the internal and regional Iraqi interest, and the US interest in particular to protect its national interests.
And after “Bloomberg” indicated in a report translated by Shafak News Agency; In the recent period, the Joe Biden administration used terms such as “eternal wars” and “national interest” in defending Biden’s final exit from Afghanistan, according to the theory that achieving this interest requires an end to eternal wars, “Bloomberg” said that the continued presence in Iraq 18 years ago, it looks like another “eternal war”.
But the US website considered that the prolongation of the US military presence is “a necessary condition for a number of overlapping US goals, including maintaining the fragile peace of the country, protecting Middle Eastern allies, and preventing the re-emergence of ISIS and the malign influence of Iran.” He added that “it is all in the US national interest.”
The site wondered if Biden sees these facts, recalling that he has a history of mystical and reckless ideas about the Middle East, noting that when he was a member of the Senate, he adopted a proposal to divide Iraq on ethnic and sectarian lines without thinking much about whether the Iraqis wanted partition this way.
The site indicated that Biden appears to be convinced that Iraq is a different issue from Afghanistan, so instead of withdrawing all US forces, he decided that their mission would shift from fighting the enemies to helping the Iraqis do the job.
And after the report emphasized the skill of the idea of this transformation, he made it clear that it allows both Biden and Iraqi Prime Minister Mustafa Al-Kazemi to satisfy the local electoral rules that call for a complete American exit, as the American president can pretend that even if he did not withdraw American soldiers “home.” However, he pushed them out of the front line.
He added that Al-Kazemi, for his part, can, at this stage leading up to the Iraqi elections, satisfy the Iranian-backed militias and political parties that call for the Americans to leave.
The report went on to review the reasons why the US forces must remain, saying that the continued US military presence will improve the efficiency of the Iraqi security services, and enhance the morale of the soldiers, who, like their Afghan counterparts, have over the years borne a lot of burden and incurred a great human cost while fighting terrorist groups.
The report said Baden could not accuse the Iraqis, as he shamefully did with the Afghans, of being unwilling to “fight for themselves.”
And Bloomberg considered that Biden cannot argue that there is an imminent danger threatening the American forces in Iraq, explaining that “there is no force like the Taliban about to seize Baghdad,” recalling that the Iraqi forces, with the support of the United States, were the ones who regained the lands they lost. In favor of ISIS, which is still preventing the terrorists from returning.
Despite this advantage of the Iraqi forces, the report emphasized that the US intervention is vital in protecting the Iraqi army from other threats, such as the possibility of penetration by the militias backed by Tehran.
He added that the US presence would prevent a sectarian and ethnic conflict within the armed forces – between Kurds and Arabs, for example – and get out of control.
In addition, the US military presence in Iraq is considered vital to US interests in the broader regional neighborhood, explaining that the allies of the Syrian Kurds are being supplied through the regions of northern Iraq, noting that the Kurds on both sides of the border, have bet on the Americans, but their trust Shaken by the withdrawal in Afghanistan.
The report indicated that there are other players in the region who have reasons to celebrate what happened in Kabul, and they hope that this will be repeated soon in Erbil, Sulaymaniyah and Baghdad.
For example, he made it clear that the Lebanese Hezbollah would welcome the removal of US forces from Iraq, because this would allow it to increase its supply of weapons from Iran, to control Lebanon, support Syrian President Bashar al-Assad, and threaten Israel.
He also noted that Biden’s withdrawal from Afghanistan “made Israel look anxious,” because withdrawing from Iraq would leave America’s most important ally in the Middle East, under a greater risk of hatred from Iran.
The report added that other allies in the region, such as Saudi Arabia and the UAE, have become more cautious in their bets recently, which is represented in their talks with Iran, where Iraq has emerged as a major mediator. He pointed out that Al-Kazemi’s qualifications to play the role of an honest broker depend on his being at an equal distance from Iran and the Arab countries, but if the United States is removed from the scene, the high probability is that Al-Kazemi will become a “puppet in the hands of Tehran.”
Instead of being an arena in which the Iranians and Gulf Arabs can hold talks, Iraq will quickly turn into a conflict zone, with destabilizing effects throughout the region, the report noted.
The Bloomberg report concluded by saying that even the White House, which is keen to “pivot” away from the Middle East, must see that this would directly conflict with the national interest of the United States.
He expressed the hope that “Biden does not succumb to his reckless tendencies, and remains on the right track in Iraq.”
On Friday, the Ministry of Foreign Affairs announced that it will host a meeting of the government media cell to support and support the upcoming electoral process.
A statement by the ministry, which Mawazine News received a copy of, stated that, at the invitation of the media office, the Iraqi Ministry of Foreign Affairs hosted a meeting of the government media cell on Thursday, 9/2/2021. The members of the cell announced that they would harness the capabilities of government media offices to support the Independent High Electoral Commission, by encouraging employees and citizens to participate widely in the democratic process that will be witnessed throughout the country on the tenth of next October. During the agenda of the fourth session, the members of the cell discussed the continuation of the cell by attributing the effort of the medical and health staff in the face of the Corona pandemic, and urged citizens to receive the vaccines provided by the Ministry of Health, through the outlets spread throughout the governorates. According to the statement, the cell called on all media outlets to take their role in urging citizens to participate widely in the elections, to stay away from misleading news of public opinion and hate speech, and to abide by the rules and regulations of media broadcasting issued by the Media and Communications Authority, in a manner that does not conflict with the constitution and laws. Ended 29/R77