The Fifth Economic Forum Discusses Oil Contracts And Their Impact On Production

On November 20, 2021

The Independent/- The Fifth Economic Forum of the Iraqi Alliance for Transparency in Extractive Industries discussed the reality of the transition towards clean energy and the role of oil licensing contracts in developing the oil sector.

Alliance member Ali Nima said that the forum is held periodically in order to shed light on the most important sector in Iraq, as it provides the federal budget with more than 90% of the revenues.

He pointed out that Iraq is seeking a transition towards clean energy, in line with global trends, especially after it joined the Paris Climate Agreement, pointing out that this trend needs a decision that advances the infrastructure for the development of clean energy.

Nehme pointed out that the delay in gas investment by oil companies came as a result of the lack of profits that derive from that, which resulted in the failure to invest associated gas, despite the existence of clauses for its investment in oil contracts since the second licensing round.

The conference dealt with three axes, the first is taking the path of the energy transformation and its impact on Iraq, and the other topic is the prospects for development in the state’s public budgets, up to the investment contracts in the field of energy and its transparency in Iraq.

المنتدى الاقتصادي الخامس يناقش العقود النفطية واثرها على الانتاج

The Sadrist blocs marginalize the losing parties in the elections and are preparing for the next stage in coordination with the winning forces

2021/11/20 19:55

  • number of readings 295
  • Section : Iraq

Baghdad / Obelisk: The leader of the Sadrist movement, Muqtada al-Sadr, issued three directives on Saturday, November 20, 2021, to members of the Sadrist bloc.

In a statement received by Al-Masala, the Sadrist bloc stated that a meeting of members of the Sadrist bloc was held in (Al-Hanana) in Najaf, and the head of the Sadrist bloc conveyed the directives and instructions of Muqtada al-Sadr.

The statement added that one of the most important directives: Everyone should bear responsibility for the sake of Iraq and preserve its sovereignty and prestige, work and persevere in order to provide services to the Iraqi citizen and provide him with a decent life, solidarity and cooperation with members of the winning blocs that possess the patriotic spirit throughout Iraq in order to provide services At the level of each province and its entitlements.

He pointed out that the meeting reviewed the course of the current situation, the work mechanism and how to deal with it.

Al-Sadr had earlier sent a message to the losing political forces in the elections, as he described it.

Al-Sadr said during a press conference: My message to the political forces that consider themselves losing in the elections, the integrity of which the world has witnessed, is that your loss should not be a prelude to ending and ruining the democratic process in Iraq now and in the future, and that you review yourselves to restore the people’s confidence in you in the future, adding that what What you are doing now will alienate the people from you.

He called on the political blocs to dissolve all the armed factions at once, and to hand over their weapons as a first stage to the popular mobilization through the Commander-in-Chief of the Armed Forces.

Kurdistan Investment: The region will be a trade link between the Gulf, Turkey and Europe

KurdistanKurdistan investment 2021-11-20 11:11A-AA+

Shafaq News/ The Turkish-Iraqi Business Forum for Investment and Contracting concluded in Istanbul, Turkey, with the participation of a delegation from the Kurdistan Regional Government, as the Kurdistan Investment Authority confirmed that the region will be a commercial link between the Gulf, Turkey and Europe.

The delegation of the Kurdistan Regional Government included Omid Sabah, head of the Cabinet of the Presidency of the Council of Ministers of the Kurdistan Regional Government, Muhammad Shukri Muhammad Saeed, head of the Kurdistan Investment Authority, and a number of Kurdish businessmen and investors, and lasted for three days.

In a statement to Shafaq News Agency, the head of the Kurdistan Investment Authority said, “Our participation came from the premise that Turkey is an important country for the Kurdistan Region and a major crossing for us towards European countries, in addition to this, we are also on Turkey’s road towards the Arab Gulf, Asian countries and Europe.”

He added that “Kurdistan Region can play an important role in the process of commercial linkage in the future between all these countries.”

On the investment side, he explained, “Turkey is an important country for the Kurdistan Region, because the construction movement currently, especially vertical ones, is implemented by Turkish companies, and we hope that this movement will increase in the future and expand further.”

Despite the Corona pandemic, the volume of trade exchange between Iraq and Turkey has reached more than 21 billion dollars, and Turkey aspires to expand and increase the volume of trade exchange in the coming years.

https://shafaq.com/ar/%D9%83%D9%88%D8%B1%D8%AF%D8%B3%D9%80%D9%80%D8%AA%D8%A7%D9%86%D9%8A%D8%A7%D8%AA/%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1-%D9%83%D9%88%D8%B1%D8%AF%D8%B3%D8%AA%D8%A7%D9%86-%D8%A7%D9%84-%D9%82%D9%84%D9%8A%D9%85-%D8%B3%D9%8A%D9%83%D9%88%D9%86-%D8%B1%D8%A7%D8%A8%D8%B7%D8%A7-%D8%AA%D8%AC%D8%A7%D8%B1%D9%8A%D8%A7-%D8%A8%D9%8A%D9%86-%D8%A7%D9%84%D8%AE%D9%84%D9%8A%D8%AC-%D9%88%D8%AA%D8%B1%D9%83%D9%8A%D8%A7-%D9%88%D8%A7%D9%88%D8%B1%D9%88%D8%A8%D8%A7

Barzani and McGurk discuss the situation in Iraq after the elections

Policy 2021-11-20 | 07:06

Barzani and McGurk discuss the situation in Iraq after the elections

561 views

The Prime Minister of the Kurdistan Regional Government, Masrour Barzani, discussed today, Saturday, with a meeting with the White House Coordinator for the Middle East and North Africa Brett McGurk, the situation in Iraq after the elections.

Barzani’s office said in a statement received by Alsumaria News, that the latter “met McGurk in the Bahraini capital, Manama, to discuss the latest developments and developments in the region and the general situation in Iraq after the legislative elections, and ways to strengthen relations between the Kurdistan Region and America were discussed.”

The two sides stressed “the importance of strengthening coordination and cooperation in order to achieve security and stability in Iraq and the region.”
»

https://www.alsumaria.tv/news/%D8%B3%D9%8A%D8%A7%D8%B3%D8%A9/403592/%D8%A8%D8%A7%D8%B1%D8%B2%D8%A7%D9%86%D9%8A-%D9%88%D9%85%D8%A7%D9%83%D8%BA%D9%88%D8%B1%D9%83-%D9%8A%D8%A8%D8%AD%D8%AB%D8%A7%D9%86-%D8%A3%D9%88%D8%B6%D8%A7%D8%B9-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%D8%A8%D8%B9%D8%AF-%D8%A7%D9%84%D8%A7%D9%86%D8%AA%D8%AE%D8%A7%D8%A8%D8%A7

Iraq is heading to activate the mechanisms of joint action with the Gulf Cooperation

11/19/2021 16:50

  • number of readings 177
  • Section : Iraq

Baghdad/The Obelisk: Foreign Minister Fouad Hussein stressed, during his meeting with the Secretary-General of the Gulf Cooperation Council, Nayef Al-Hajraf, on Friday, November 19, 2021, the need to activate the mechanisms of joint work with the Gulf Cooperation Council.

In a statement received by Alsumaria News, Foreign Ministry spokesman Ahmed Al-Sahhaf said, “Foreign Minister Fouad Hussein met the Secretary-General of the Gulf Cooperation Council, Nayef Al-Hajraf, and discussed with him a number of issues related to joint Arab action.”

He added that “Hussain stressed the need to activate the mechanisms of joint work with the Gulf Cooperation Council to reflect the depth of relations and the common interests they entail.”

https://almasalah.com/ar/news/218840/%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%D9%8A%D8%AA%D8%AC%D9%87-%D8%A7%D9%84%D9%89-%D8%AA%D9%81%D8%B9%D9%8A%D9%84-%D8%A2%D9%84%D9%8A%D8%A7%D8%AA-%D8%A7%D9%84%D8%B9%D9%85%D9%84-%D8%A7%D9%84%D9%85%D8%B4%D8%AA%D8%B1%D9%83-%D9%85%D8%B9-%D8%A7%D9%84%D8%AA%D8%B9%D8%A7%D9%88%D9%86-%D8%A7%D9%84%D8%AE%D9%84%D9%8A%D8%AC%D9%8A

The Iraq Economic Contact Group praises the reforms of the White Paper

2021/11/20 10:28

  • number of readings 147
  • Section : Iraq

Baghdad / Obelisk: The Economic Contact Group for Iraq, which includes the seven countries, the European Union and the World Bank, praised the economic reform steps adopted by the Iraqi government in accordance with the White Paper plan.

In a statement received by the obelisk, the group expressed “welcome to the success of the democratic electoral process in Iraq,” expressing “its hope in forming a new government that will take upon itself the completion of the economic and financial reform program.” 

The statement stressed that “economic reforms are required to ensure diversified and comprehensive economic growth, create sustainable job opportunities for young people, empower the private sector, and diversify sources of revenue outside the scope of oil revenue.”

He stressed “the importance of continuing to implement reforms that are in the interest of developing human capital and providing basic services.”

The contact group called, “the next Iraqi government to pay great attention to the reform package and to ensure its rapid and orderly implementation, and to provide all forms of support for the White Paper as it is an important tool in continuing to achieve the reform goals.”

It is noteworthy that the Iraqi Economic Contact Group is an international alliance that emerged from the Group of Seven industrialized countries and the European Union, in addition to the World Bank last year, to support the efforts of the Iraqi government towards implementing its pivotal reform program represented in the White Paper.

https://almasalah.com/ar/news/218857/%D9%85%D8%AC%D9%85%D9%88%D8%B9%D8%A9-%D8%A7%D9%84%D8%A7%D8%AA%D8%B5%D8%A7%D9%84-%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A-%D9%84%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%D8%AA%D8%B4%D9%8A%D8%AF-%D8%A8%D8%A5%D8%B5%D9%84%D8%A7%D8%AD%D8%A7%D8%AA-%D8%A7%D9%84%D9%88%D8%B1%D9%82%D8%A9-%D8%A7%D9%84%D8%A8%D9%8A%D8%B6%D8%A7%D8%A1

US Secretary of Defense: Masoud Barzani’s role is influential and his position is important in Iraq

KurdistanMasoud BarzaniKurdistan RegionMasrour BarzaniManama ConferenceLloyd Austin 2021-11-20 06:39A-AA+

Shafaq News/ Today, Saturday, US Defense Secretary Lloyd Austin described the role of Kurdish leader Massoud Barzani as “influential”, and his position is important in the Kurdistan Region and Iraq.

And two statements issued by the Prime Minister of Kurdistan Regional Government, Masrour Barzani, and received by Shafaq News Agency, stated that the latter met with the US Secretary of Defense and the White House Coordinator during his presence in the Bahraini public, Manama.

A statement indicated that the President of the Kurdistan Regional Government, Masrour Barzani, met today with US Secretary of Defense Lloyd Austin in the Bahraini capital, Manama, indicating that   the US Secretary of Defense referred with great respect and appreciation to the influential role and important position of President Masoud Barzani in the Kurdistan Region and Iraq.

According to the statement, Austin stressed that the Kurdistan Region is an important ally and partner of the United States in the region, explaining that he renewed America’s commitment to continue supporting the Kurdistan Region, especially the Peshmerga forces, in confronting ISIS.

The President of the Kurdistan Regional Government thanked America for its continuous support, and stressed the importance of solving the outstanding problems between the Kurdistan Region and the federal government, and pointed out the need for security coordination in the Kurdish regions outside the administration of the region.

The two sides discussed the strategic dialogue between America and Iraq and the importance of implementing the Sinjar Agreement. 

In a subsequent statement, he referred to the Prime Minister of the Kurdistan Regional Government, Masrour Barzani, who also met today with the White House Coordinator for the Middle East and North Africa Brett McGurk in the Bahraini capital, Manama.

At the meeting, the latest developments in the region and the general situation in Iraq after the legislative elections were discussed, as well as ways to strengthen relations between the Kurdistan Region and America.

The two sides also stressed the importance of enhancing coordination and cooperation in order to achieve security and stability in Iraq and the region.

https://shafaq.com/ar/%D9%83%D9%88%D8%B1%D8%AF%D8%B3%D9%80%D9%80%D8%AA%D8%A7%D9%86%D9%8A%D8%A7%D8%AA/%D9%88%D8%B2%D9%8A%D8%B1-%D8%A7%D9%84%D8%AF%D9%81%D8%A7%D8%B9-%D8%A7%D9%84%D8%A7%D9%85%D8%B1%D9%8A%D9%83%D9%8A-%D8%AF%D9%88%D8%B1-%D9%85%D8%B3%D8%B9%D9%88%D8%AF-%D8%A8%D8%A7%D8%B1%D8%B2%D8%A7%D9%86%D9%8A-%D9%85-%D8%AB%D8%B1-%D9%88%D9%85%D9%83%D8%A7%D9%86%D8%AA%D9%87-%D9%85%D9%87%D9%85%D8%A9-%D9%81%D9%8A-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82

The Arab League expresses its position on the results of the elections and the formation of the new Iraqi government

politicsIraqbreakingThe electionArab LeagueThe new government 2021-11-20 06:36A-AA+

Shafaq News/ The Secretary-General of the Arab League, Ahmed Aboul Gheit, called on Saturday for the need to work on forming a new Iraqi government according to the results of the parliamentary elections in order to achieve stability in this country.

In a statement to reporters on the sidelines of the (Manama Dialogue 2021) forum, Aboul Gheit said, “We demand that we continue to work to form a new Iraqi government that respects the results of the recent elections and achieves stability for Iraq and the Kurdistan Region.” 

Regarding the differences that appeared on the surface after the announcement of the preliminary results of the elections in Iraq, the Secretary-General of the Arab League said: We call on everyone to calm down and adhere to the results of the elections, and this is the democratic framework that should be followed to achieve the will of the people.

https://shafaq.com/ar/%D8%B3%DB%8C%D8%A7%D8%B3%D8%A9/%D8%A7%D9%84%D8%AC%D8%A7%D9%85%D8%B9%D8%A9-%D8%A7%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9-%D8%AA%D8%A8%D8%AF%D9%8A-%D9%85%D9%88%D9%82%D9%81%D9%87%D8%A7-%D9%85%D9%86-%D9%86%D8%AA%D8%A7-%D8%AC-%D8%A7%D9%84%D8%A7%D9%86%D8%AA%D8%AE%D8%A7%D8%A8%D8%A7%D8%AA-%D9%88%D8%AA%D8%B4%D9%83%D9%8A%D9%84-%D8%A7%D9%84%D8%AD%D9%83%D9%88%D9%85%D8%A9-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A%D8%A9-%D8%A7%D9%84%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9