SULAIMANI — Iraq’s Finance Minister, Ali Allawi, said the Kurdistan Region’s share of the 2022 budget will not be allocated because the of Federal Supreme Court’s decision against the regional government’s oil contracts. 

Allawi told Earth News Arabic the Kurdistan Region’s oil was seized illegally and exported by the Kurdistan Regional Government (KRG), adding the oil income should be sent to the Iraqi federal government as part of the agreement between Erbil and Baghdad from 2021. 

He said the oil exports were not handed over and for this reason, the budget will not include the KRG’s share. 

Allawi said the 200 billion Iraqi dinars sent by the federal government was based on an agreement between Erbil and Baghdad in order for the KRG to work on handing over oil exports. He stated the transfer would not continue. 

The supreme court ruled against the KRG’s oil contracts in February, while Erbil has rejected the court ruling a number of times and stated the verdict was politically motivated. 

(NRT Digital Media)

Al-Maliki and Khazali are angry with Al-Amiri: He obstructed the replacement of Al-Sadr’s deputies and called the reference to intervene

politicsbreakingReligious referenceShiite coordination frameworkSadrist bloc’s resignation

 2022-06-18 09:38A-AA+

Shafaq News/ Informed political sources reported on Saturday, a renewed dispute within the coordination framework that includes all Shiite forces except for the Sadrist movement, while the latter was the main reason for the intersection between the head of the coalition Hadi Al-Amiri on the one hand and the head of the State of Law coalition Nuri al-Maliki and the Secretary of Asa’ib Ahl al-Haq movement On the other hand, Qais Khazali.

The sources told Shafak News Agency; The meeting of the coordination framework, which hosted the Prime Minister, Mustafa Al-Kazemi, witnessed a raging of opinions after Al-Kazemi left regarding the necessity of holding a session of Parliament to replace the resigned Sadrist bloc deputies, the opinion that faced opposition and was rejected by Al-Amiri, who called them to wait for Al-Sadr’s response to Al-Amiri’s request.

The sources added; Al-Amiri’s refusal to replace the Sadrist deputies caused Al-Maliki and Khazali’s resentment, in addition to Al-Amiri’s request from the Najaf authority to intervene to put an end to the political blockage.

The sources indicated; Al-Maliki does not want to involve the Najaf authority in this matter, for fear of standing against his proposal to head the government, which he seeks strongly.

And the coordination framework, which includes Shiite forces, except for the Sadrist movement, held a meeting last Thursday to discuss the political situation.

An informed political source told Shafak News Agency; Prime Minister Mustafa Al-Kazemi is participating in a meeting, indicating that it is the first time that the framework hosts Al-Kazemi. 

On Friday, Ammar al-Hakim, the leader of the “Iraqis” coalition, expressed his regret over the Sadrist movement’s withdrawal from the political process in the country.

Al-Hakim said he deeply regrets the withdrawal of the brothers in the Sadrist bloc and their submission of resignations.

The leader of the Sadrist movement, Muqtada al-Sadr, had a meeting last Wednesday evening with the Sadrist bloc’s representatives, who submitted their resignations from the membership of the House of Representatives at the request of their leader al-Sadr, who stressed during the meeting that there is no going back in the decision to resign and withdraw from the process, except on the condition that “not to participate in Elections if the corrupt participate in them.

Soon.. Muqtada al-Sadr in Saudi Arabia

politicsbreakingSaudi ArabiaMuqtada al-SadrPilgrimage

 2022-06-18 09:34A-AA+

Shafaq News/ A leader in the Sadrist movement revealed today, Saturday, a close visit to the leader of the movement, Muqtada al-Sadr, to the Kingdom of Saudi Arabia.

The leader told Shafaq News Agency, “Al-Sadr will go, during the next few days, to Saudi Arabia, to perform the Hajj rites for this year.”

And the leader, who chose not to reveal his name, stated that “until this moment, no meetings have been coordinated between Al-Sadr and the responsible figures in the Kingdom of Saudi Arabia,” noting that “holding such meetings is very likely.”

He explained that “any meeting that will be held is certainly not without discussing the crisis of forming the new Iraqi government, and the issue of the Sadrist movement’s withdrawal from the political process.”

Al-Sadr’s last visit to Saudi Arabia was on July 30, 2017, to which he arrived at an official invitation.

In the coming days, framework committees to negotiate the formation of a government away from the “Dawa” candidates

politicsbreakinggovernment formationcoordinating frameworknegotiating committees

 2022-06-18 09:29A-AA+

Shafaq News/ An informed source in the coordination framework revealed, on Saturday, that the latter is in the process of forming negotiating committees to dialogue and negotiate with the political parties to form the next government, especially the forces that refuse to go to the side of the opposition, noting that the framework will present a candidate to head the expected government who will be accepted and blessed by the Sadrist movement. .

The source told Shafaq News Agency, “The framework will name the members of its negotiating committees to launch the political dialogue with all forces to form the next government and prepare for holding the round table dialogue between all parties to the political action, actors in the digital equation to form the government.”

He pointed out that “the framework is concerned with the program of the next government, in addition to its interest in choosing a prime minister who is able to run the country in a way that achieves its interests away from partisan interests, in addition to emphasizing that the candidate has the blessing and acceptability of the Sadrist movement led by Muqtada al-Sadr to ensure that he is not challenged or entered into mazes.” New”.

The source confirmed that “what some people are promoting about the proposed names for the next prime minister are incorrect (Nuri al-Maliki, Haider al-Abadi, Khaled al-Asadi, and others), but there is almost a preliminary agreement on naming the current governor of Basra, Asaad al-Eidani, as a candidate for the next government, as he is acceptable to most Shiite political forces.” Given that choosing the prime minister is for the Shiite component only, according to the political custom in force since 2005 until now.

He added, “The framework seeks to form a government that refutes and cuts off all trolls with murky waters or those who are trying to escalate the Shiite-Shiite conflict, which does not exist in the first place, given that the framework is dealt with in the language of containment, away from the language of exclusion.”

And about the last meeting held by the framework forces with the prime minister, the source said, “The framework had discussed with the caretaker prime minister, Mustafa Al-Kazemi, in his last meeting, a number of files that aroused Al-Kazemi’s displeasure.”

And he indicated that “the most important files are about the Iraqi government’s silence on the Turkish intervention in Sinjar, in addition to the recurring unjustified bombing operations, as the leaders of the Al-Kazemi framework demanded effective intervention in those files and the use of the economic file paper (fuel and import) against Turkey to change its plans, as well as hiring Its relations with NATO in a way that achieves stability in Iraq and obtains its water rights in accordance with the agreements concluded between the two sides.

And the source indicated, “What was rumored about the framework forces’ demand for Al-Kazemi to submit his resignation is not true, because the latter leads a caretaker government, in other words, whenever a new government is formed, he will inevitably leave his position, even if he aspires to obtain a second term despite his failure in many important files that need decisions. strict government.

The coordinating framework, which includes the Shiite forces with the exception of the Sadrist movement, along with the Patriotic Union of Kurdistan, the Azm Alliance, and a number of independent representatives, held a meeting last Thursday in the presence of Prime Minister Mustafa Al-Kazemi, which is the first time that Al-Kazemi attends a meeting of the framework, according to what An informed source told Shafak News Agency.

Al-Fateh and Azm discuss the requirements for forming a national service government

political| 04:27 – 06/18/2022


Baghdad – Mawazine News

The head of the political body of the Azm Alliance, Khaled Al-Obeidi, discussed, on Saturday, with the leader of the Al-Fateh Alliance Hadi Al-Amiri, the political and security conditions in Iraq, foremost of which is the requirements for forming a national service government that represents all Iraqis and their life requirements.
A statement by al-Obaidi’s office, and Mawazine News received a copy of it, stated that during the meeting, the security situation that Nineveh was going through, especially after the recent Turkish raid on Sinjar district, and the martyrdom of a number of Iraqi citizens.
Al-Obaidi explained that “Nineveh Governorate still needs security, political and economic support to help it overcome the difficult stage it went through during the previous years.” Ended 29/R77

A promising statement for Iraq from the Secretary-General of OPEC: The demand for oil will increase

political| 03:50 – 06/18/2022


Baghdad – Mawazine News
, Secretary-General of the Organization of Petroleum Exporting Countries “OPEC”, Muhammad Barikendo, announced today, Saturday, the need for the international economy for energy and the use of renewable ones, and while noting the scale of the increase in energy use during the next two years, he stressed the need to deal with all challenges to ensure global energy supplies.
During his speech at the Energy Forum, Barkindo said, “I commend the efforts of the Iraqi institutions to prepare this summit and the attendance of high-class experts,” noting that “this event comes in difficult periods in this sector, as the world experiences the repercussions of Corona, in addition to the supply interruption due to the Ukraine war.” .
He added that “
He continued, “All challenges must be dealt with to ensure global energy supplies, and we need a future vision that enables us to control energy prices and face the dire repercussions of the crises.”
He pointed out that “the strategic reserve has been used and more than 30 million barrels have been pumped since May, and we are still looking for solutions to meet the challenges of climate change and challenges in the field of energy,” adding: “We need sustainable solutions, not urgent, and there is no better than this forum. To find solutions to all the problems.
He stressed “the need for a comprehensive approach to avoid instability in the energy market,” noting that “the international economy will need double the energy it consumes from spending 124 trillion dollars in 2020, to 270 trillion dollars in 2024.”
And he added, “There will be an increase in energy from 224 million to 300 million barrels in 2024, and there is no energy source that can cover this demand.”
He pointed out that “the use of renewable energy in 2020 amounted to 2.24%, and in 2024 it will reach 10%,” noting that “the oil need for energy during the past year 2020, amounted to 30%, and in 2045 the need will reach 50%.” End 29 /h

Finance: Iraq plans to be the largest producer of electrical energy

2022/06/18 15:01

  • number of readings 184
  • Section : Iraq

Baghdad / Obelisk: Finance Minister Ali Allawi called, on Saturday, June 18, 2022, to move from exporting oil to electric power, and while stressing that there is a great opportunity for Iraq to become the largest producer of electric energy, he indicated that Iraq can return to the World Trade Organization within future decades.

Allawi said, in a speech during the Energy Forum, which was followed by the obelisk, that “Iraq should not be satisfied with exporting oil and should focus on exporting energy and focus on the electricity sector,” noting that “Iraq is now not in the previous situation where it faces problems and must reach the right strategies. “.

He added that “during the next 25 years, the demand for energy will change, and we have to prepare for this culture and pay attention to the economic infrastructure,” stressing “the need for economic policies to be designed according to the circumstances surrounding the world, and this is not an easy task.”

He pointed out, “the shift to the so-called additional value in the export of oil and the reliance that Iraq is the least expensive country in oil production, but there is competition in the sale of oil,” adding: “We have to think about the transfer of capital for investment and preservation.”

He stressed that “there is a great opportunity to invest in the electricity sector and to become the largest producer of electrical energy, despite the current problems in production in Iraq, and these problems must be resolved, technology applied and the transition from exporting oil to exporting electrical energy.”

He continued, “We also need to develop the green cover, as there are problems in the environment sector, desertification and weakness in agricultural production, and we have to think about investing in the green policy in Iraq and it will be more effective on the reality of the country.”

He continued: “We have to work through an energy network and exploit it as a new resource, and re-cultivate and develop it according to correct decisions so that we have a bright future in the global market within 10 years, and not repeat the mistakes of the past, and we must reposition in the energy market.”

He concluded by saying: “During this conference, we look forward to talking about energy problems, and we have an opportunity to reposition ourselves with partners, and Iraq can return to the World Trade Organization during the coming decades.”

Iraqi Finance Minister: If we make the right decisions, we will be the global energy center for the coming centuries

politicsbreakingThe American University of BaghdadEnergy Forum

 2022-06-18 06:47A-AA+

Shafaq News/ The Iraqi Minister of Finance, Ali Allawi, called on Saturday to invest Iraqi capital to maintain the current oil production rates, stressing the need to focus on raising the rates of electric power production, suggesting that the country would turn into a source of energy.

Allawi said at the Energy Forum held at the American University in Baghdad; It is “Iraq must divert capital investments to maintain current oil production rates while shifting focus to electricity production where demand is expected to grow. We have a great opportunity to restore Iraq as a major supplier of electricity.”

Allawi added; “Iraq today needs to make strategic decisions based on where it wants to be. 20 years from now, Qatar made huge investments in gas production in the 1990s. It was one of the greatest strategic decisions that were taken and they are now reaping its fruits.”

The Iraqi Finance Minister stressed that “if we make the right choices, the right partners, and the right strategic direction, I believe that this country can easily be the global center for energy trade for the twenty-first century and beyond.”

On Saturday, the American University in the Iraqi capital, Baghdad, hosted the Sixth Energy Forum, with the participation of OPEC Secretary-General Muhammad Barkindo.

The conference was also attended by the Iraqi Minister of Finance, Abdul Amir Allawi, and a group of ministers and officials of the Iraqi government.

A sudden and large drop in oil prices

  • Time: 06/17/2022 21:55:24
  • Reading: 4,641 times
A sudden and large drop in oil prices

  {Economic: Al Furat News} Crude oil prices witnessed, this evening, Friday, a significant and almost surprising decline in global markets.

Brent crude futures fell to settle at $113.12 a barrel.
US crude contracts also fell more than $8 to settle at more than $109 a barrel.
And oil prices rose this morning, Friday, supported by tight supplies and new sanctions on Iran, to increase Brent crude 62 cents, or 0.5%, to $ 120.43 a barrel, while US West Texas Intermediate crude rose 75 cents, or 0.6%, to $ 118.34.

A significant increase in Iraq’s oil exports to America within a week

  • Time: 06/18/2022 09:06:21
  • Reading: 481 times
A significant increase in Iraq's oil exports to America within a week

  {Economic: Al Furat News} The US Energy Information Administration announced today, Saturday, that Iraq’s oil exports to the United States increased significantly during the past week, reaching an average of 555,000 barrels per day.

The administration said in a report, seen by Shafak News Agency, that “the average US imports of crude oil during the past week from eight countries amounted to 6.144 million barrels per day, an increase of 647,000 barrels per day from the previous week, which amounted to 5.497 million barrels per day.”

She added that “Iraq’s oil exports to America amounted to an average of 555,000 barrels per day last week, an increase of 359,000 barrels from the previous week, which averaged 196,000 barrels per day.”

She pointed out that “most of America’s oil revenues during the past week came from Canada, at a rate of 3.394 million barrels per day, followed by Saudi Arabia at a rate of 681,000 barrels per day, and oil revenues from Mexico at a rate of 608,000 barrels per day, and then Colombia at a rate of 292,000 barrels per day.”

According to the administration, “the amount of US imports of crude oil from Ecuador amounted to an average of 227,000 barrels per day, and from Brazil at a rate of 206 thousand barrels per day, and the average imports from Nigeria amounted to 181,000 barrels per day, while no quantity was imported from Trinidad and Tobago and from Russia.” “.