Lukoil announces the discovery of the Arido field in Iraq, with reserves of 7 billion barrels

Economie| 03:46 – 11/11/2021


Baghdad – Mawazine News,
The Lukoil Company operating in Iraq announced, on Thursday, the discovery of the Arido field, with a reserve of 7 billion barrels.
The head of the company, Vagit Alekperov, said in a press conference held on the occasion of the arrival of the production of the West Qurna 2 field to one billion barrels, that “today is an important day for us, after we reached the production of one billion barrels of oil,” noting that “over the past years we have felt support from Iraqi government”.
He added that “the tenth block is the second project after our success in Qurna/2,” noting that “we discovered the Eridu field, which has a reserve of 7 billion barrels.”
He stressed, “We are essential partners for the Ministry of Oil and the National Oil Company, and we always cooperate,” pointing out that “all difficulties are overcome in cooperation with the Ministry of Oil.” Ended 29 / h


Al-Kazemi talks about “honorable” Iraqi positions regarding the attempt to assassinate him

politicsAl-KazemiAssassination attempt 2021-11-11 12:13A-AA+

Shafaq News/ On Thursday, Iraqi Prime Minister Mustafa Al-Kazemi expressed his thanks to the foreign and domestic stances that condemned the attempt to assassinate him.

Al-Kazemi’s office said in a statement received by Shafaq News Agency, “It extends its gratitude and appreciation to the responsible positions and condemnations, and the voices of denunciation that were issued regarding the heinous terrorist attack that he was subjected to at dawn last Sunday, and these positions represented standing by Iraq and its honorable people, before they were positions principle of violence and terrorism.

Al-Kazemi singled out “the positions of clear condemnation and condemnation that were issued by the kings, leaders and leaders of brotherly and friendly countries of Iraq, as well as from a number of officials and official bodies in it,” expressing “thanks to those who contacted them reassuring and once again the position rejecting terrorism in all its forms.”

Al-Kazemi also expressed his “high appreciation for all the personalities and political and social forces that have expressed their solidarity and rejection, whether by condemnation or all other forms of solidarity, and thus record an honorable and supportive position for the Iraqi people as they face their most difficult challenges towards a secure and prosperous future.”

The Prime Minister expressed his “gratitude and thanks to all the local, Arab and international media outlets that dealt with the event in a responsible professional and objectively adhere to the truth and present the facts,” calling on all media events and opinion forums to take an “honorable, professional and light stance, showing honesty and sincerity to the high media message, which should not be Abandoning their human essence under all circumstances.

Zidane receives Al-Kazemi.. this is what they were looking for

political| 06:09 – 11/11/2021


Baghdad – Mawazine News
, the President of the Supreme Judicial Council, Faeq Zeidan, received, on Thursday, Prime Minister Mustafa Al-Kazemi.
A statement by the judiciary, which Mawazine News received a copy of, stated, “The investigation stages were discussed in the two incidents of assault on the Prime Minister’s house and the violent incidents that accompanied the demonstrations on Friday, 11/5/2021.”
The two sides stressed, “the need to respect the application of the law.” Ended 29 /

Al-Kazemi’s advisor: Gold is a heavy commodity and its monetization is difficult

money and business

Economy News _ Baghdad

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, said, on Thursday, that the central banks’ reserves of gold come as part of a balanced basket with the rest of the currencies, considering the yellow metal “a heavy commodity and its liquidation is difficult.”

Saleh said in a press interview, “All central banks in the world hedge reserves of currencies that are securities whose credit rating is very high, in addition to gold, which these reserves must be low risk,” noting that “there must be a balanced basket of currencies.” to maintain the purchasing power of the reserves.

He added, “These reserves consisting of currencies and gold do not come randomly, but rather depend on global evidence that is mentioned and issued by the International Monetary Fund from time to time,” noting that “part of these reserves is monetary gold so that the country’s investment portfolio is low in risks and the so-called exchange rate fluctuations and decline The value of currencies, so the country hedges a diversified basket and part of the diversity is gold.”

Saleh pointed out that “gold is usually not hedged, and it is partial and does not exceed 10% of the reserves of central banks,” noting that “monetizing gold is difficult, and it is a heavy commodity, not like other currencies that can be bought and sold in moments.”

According to the World Gold Council, Iraq possesses in its reserves 96.4 tons of gold, which represents 9% of the rest of its other currencies. Iraq ranks 39th globally among the largest gold reserves, and fifth in the Arab world after Saudi Arabia, Lebanon, Algeria and Libya.

The Central Bank of Iraq warns against dealing with digital currencies


Economy News _ Baghdad

Today, Thursday, the Central Bank of Iraq warned against dealing in encrypted digital currencies, indicating that it had not been granted any license to deal with them.

And his media office said, in a statement received by Al-Iqtisad News, that the Central Bank of Iraq is closely following transactions in the digital, encrypted and virtual currency market, given the great risks associated with these currencies and their failure to be subject to any legal, regulatory or technical controls or legislation in Iraq.

He added, in order to avoid any negative repercussions resulting from dealing with these currencies, which have high volatility and speculation in them, the Central Bank of Iraq warns against using them, and does not guarantee such currencies and does not provide legal protection for those who deal in them and has not granted a license to any digital currency currently encrypted.

Recently, the phenomenon of “digital currencies and trading in them” has spread in large areas of the world and some areas of Iraq, especially the western ones, which is a new and strange phenomenon for Iraqis.

Details of the meeting of the Sadrist Negotiating Committee and the delegation of the Patriotic Union of Kurdistan

political| 01:28 – 11/11/2021


Baghdad – Mawazine News
The Sadrist bloc’s negotiating committee, headed by Hassan al-Adhari, received, on Thursday, the delegation of the Patriotic Union of Kurdistan headed by Khaled Shwani, to hold an important meeting at the headquarters of the political body of the Sadrist movement in the capital, Baghdad.
A statement by the commission received by Mawazine News stated that “the head of the Sadrist Negotiating Committee visited the guest delegation to the headquarters of the political body, stressing the importance of initiating a new phase that heals the Iraqis’ wounds and opens a page of serious work to serve all the people and establish a comprehensive renaissance at various levels.”
The statement added that “during the meeting, a number of files related to internal affairs were discussed, foremost of which is the parliamentary elections and their results, and the need to organize relations between Baghdad and the Kurdistan region within the constitutional framework that defines the rights and duties of each side.”
The head of the delegation of the Patriotic Union of Kurdistan, according to the statement, expressed his “happiness to visit the political body of the Sadrist movement and meet the Sadrist negotiating committee,” noting that “there are many national participants that unite them with the Sadrist movement, which prepares the ground for stable understandings.” Ended 29/b 88

Judiciary: Election fraud has not been proven and the investigation continues with the attempt to assassinate Al-Kazemi and target protesters

11/11/2021 13:32

  • number of readings 57
  • Section : Iraq

Baghdad / Obelisk: The head of the Supreme Judicial Council, Judge Faiq Zaidan, confirmed on Thursday, November 11, 2021, that “election fraud has not been proven so far, while indicating the continuation of the investigation into the files of the assassination of the Prime Minister and the targeting of demonstrators in the vicinity of Al-Khadra.

Zaidan said in an interview, which was followed by the obelisk, that “election fraud has not yet been proven by legal evidence that is considered legal.” 

Zaidan added that “the investigation into the killers of demonstrators in the vicinity of the Green Zone last Friday continues, pending the completion of the work of the investigative committee set up by the Prime Minister to present it to the judiciary.”

He explained that “the file of the investigation into the attempted assassination of Prime Minister Mustafa Al-Kazemi is with the committee formed by the prime minister, and it has not yet been presented to the judiciary and is still in its early stages.”

And regarding the talk about putting his name up as a candidate to head the new government, Judge Zeidan continued, “more than one occasion has refused to take any position outside the judicial work.”

He pointed out that “the efforts of the judiciary in the field of combating corruption and the drug file are in direct proportion to the investigation bodies affiliated to the Integrity Commission regarding the fight against corruption and the Ministry of Interior regarding the drug file, meaning any positive effort made in this regard by these bodies will receive the same interaction from the judiciary,” noting that Statistics on the number of orders placed against them and issued against them on corruption charges with the Integrity Commission.

In another file, the President of the Supreme Judicial Council noted that “the electronic portal contributes to easing marriage procedures, eliminating cases of corruption, and encouraging those who wish to marry to resort to the courts instead of marrying outside the court.”

He pointed out that “plans and programs of various specializations have been prepared for the development of the judiciary at the level of administrative and judicial cadres and court buildings, and the introduction of electronic means in providing services to citizens.”