With a new understanding.. Kurdistan oil revenues with a known account and under the control of the Iraqi government

Free – Washington

March 17, 2023

The media adviser to the Iraqi Prime Minister, Hisham Al-Rikabi, said that the understanding between the Iraqi federal government and the Kurdistan Regional Government allows the region’s revenues to be at a known account and under government control.

Al-Rikabi confirmed, Thursday, in a tweet on his official Twitter account that “the high understanding and keenness of the federal government and the Kurdistan Regional Government resulted in what was stated in the federal budget.”

“For the first time since 2003, the Territory’s oil revenues are in a known account and under the control of the federal government, and in light of this all other accounts have been closed,” he added.

Under the Iraqi constitution, the KRG is entitled to part of the national budget. But that regime collapsed, in 2014, when the Kurds took control of the main oil fields in northern Iraq in Kirkuk from ISIS fighters, and began selling crude from there independently.

In 2018, Iraqi forces recaptured disputed territory, including the oil city of Kirkuk. Baghdad resumed pumping some payments into the budget but the pumping was sporadic, and the federal government tried to bring KRG’s revenue under its control, including through domestic court rulings and international arbitration threats.

Last year, the dispute erupted between Erbil and Baghdad after a ruling by a federal court last February considered the legal foundations of the oil and gas sector in the Kurdistan region unconstitutional.

Agreeing on regular payments from the budget from Baghdad will help authorities in the Kurdistan Regional Government resolve the crisis of late payments to international oil companies in the region, as well as ease the salary accumulation of KRG employees, Reuters previously reported.

https://www.alhurra.com/iraq/2023/03/17/بتفاهم-جديد-إيرادات-إقليم-كردستان-النفطية-بحساب-معلوم-وتحت-رقابة-الحكومة-العراقية

Parliamentary Finance: We received the summary of the federal budget

Sumerian Special

 

2023-03-16 | 15:07

1,326 views

A member of the Parliamentary Finance Committee, MP Moeen Al-Kazemi, confirmed today, Thursday, that the tripartite budget approved a large deficit, indicating that the summary of the federal budget has been received.

Al-Kazemi said in an interview with the Twenty program, which is broadcast by Al-Sumaria Satellite, that “the Sudanese government approved the tripartite budget with a large deficit, but it is working very seriously to implement its government project and its ministerial program through support by all.”

He added: “We received the budget summary from the Ministry of Finance by 14 pages, which is a general summary and it is hoped that you will receive the detailed in the coming days to discuss it in Parliament.”

Al-Kazemi pointed out that “consensus is not a condition for approving the budget, and the parliament is determined to approve the budget, which came in a very large number after the 2021 budget.”

He pointed out that “one of the powers of the Finance Committee is to reduce the amount of the budget in addition to transfers and large deficits contrary to the budget instructions, which recognizes that it should not exceed 3% of the total budget, which the government confirmed that it will cover the budget deficit through the differences in the sale of oil and other financial resources and financial abundance in the state treasury.”

 

Al-Kazemi pointed out that “there is a note on the implementation of investment projects, unlike operational projects, and if the government can implement investment projects, it will be a great achievement for the government, such as the projects of the liberated governorates and the poor governorates, for which large sums have been allocated that must be clear and transparent because there are large amounts within their allocations.”

He explained that “granting investors plots of land in Baghdad to establish residential complexes is marred by a lot of corruption because these complexes are sold for imaginary amounts that the simple citizen cannot buy in them, and the government must follow up on this issue because of its great importance affecting the lives of citizens.”

 

 

Parliamentary Finance: We received the summary of the federal budget | Sumerian Special (alsumaria.tv)

Sudanese adviser: After 20 years, the region’s oil revenues will come under Baghdad’s supervision

PM:08:36:16/03/2023

3156 neighbor Khoendrawh

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The prime minister’s media adviser said the region’s oil revenues will be kept in a well-known bank account under the auspices of the federal government.

“The region’s income will fall into a well-known account and will be under the auspices of the federal government,” Prime Minister Mohammed Shia Sudani’s media adviser Hisham Rikabi said in a tweet.

And he says, that understanding It exists now and the insistence of the regional government and the federal government has become the reason for the budget bill to be installed.

In another part of his tweet Hisham Ricabi also mentioned that, in the year This is the first time since 2003 that oil revenues The region will fall into a well-known account and be under the auspices of the federal government, That’s why all other accounts are closed.

This is at a time, during In the past, Many times PDK and PUK have called for establishing an independent economy for the region But for 20 years, the region’s oil revenues have been collected untransparently and are unknown. It’s going to be done.

Sudanese adviser: After 20 years, the region’s oil revenues will come under Baghdad’s supervision (nrttv.com)

Massoud Barzani meets with the commander of the international coalition forces in Iraq and Syria

KurdistanMassoud BarzaniThe International Alliance

2023-03-16 12:13Font

Kurdish leader Massoud Barzani on Thursday received General McFarlane, commander of the international coalition forces in Iraq and Syria.

During the meeting, they discussed the continued threat of terrorists and the need to support the international community to reduce the strengthening and expansion of terrorists.

The reforms within the Ministry of Peshmerga were among other axes during the meeting, where General McFarlane expressed his thanks to President Barzani for the success of the reform process in the Ministry of Peshmerga.

https://shafaq.com/ar/كوردســتانيات/مسعود-بارزاني-يجتمع-مع-قا-د-قوات-التحالف-الدولي-في-العراق-وسوريا

Shamkhani visits Baghdad ‘to sign important security agreement’

• Time: 2023/03/16 20:07:48
• Read: 442 times

  

{Politician: Al-Furat News} An informed source revealed that the Secretary of Iran’s Supreme National Security Council Ali Shamkhani will visit Baghdad in the next few days.

“The purpose of the visit of the Secretary of the Supreme National Security Council of Iran to Baghdad is to sign an important security agreement,” the source said in a press statement.
Earlier on Thursday, Shamkhani visited the United Arab Emirates on an official visit.
The upcoming visit to Baghdad comes after Iran and Saudi Arabia agreed to restore relations and reopen the two embassies within two months.

https://alforatnews.iq/news/شمخاني-يزور-بغداد-لتوقيع-اتفاقية-أمنية-مهمة

The Central Bank announces the provision of electronic payment points at gas stations at this date

• Time: 2023/03/16 17:29:59
• Read: 897 times

  

{Ecoupal: Euphrates News} The Central Bank of Iraq revealed, on Thursday, the names of fuel filling stations on the sides of Karkh and Al-Rusafa in Baghdad, which will provide electronic payment points (pos) early next month in cooperation with the Oil Products Distribution Company.

The Central Bank’s media said, in a statement received by {Euphrates News} a copy of it, that: “A number of fuel filling stations in the capital Baghdad have been identified as a first stage in which electronic payment points (pos) are available through bank cards (creditor, city, prepaid), and this came based on the government’s directions to circulate electronic payment points and reduce the use of cash.”
“This expected start in identifying fuel filling stations will contribute to spreading the culture of electronic payment and be the beginning of a huge project targeting society, aimed at reducing the use of cash and saving money,” he added.
He added that “the stations identified in cooperation with the Oil Products Distribution Company of the Ministry of Oil are:
1- Karkh stations
– Packing station ‎ Al-Armouk near the train/Dawdi railway
– Mobilization station‎ First police / University district / behind Mullah Hawiish Mosque
‎- Umm Al-Dul Drums Filling Station / Al-Dahlia District / Behind Umm Al-Taboul Mosque
– Filling station ‎The message / Al-Mansour near the statue of Abu Jaafar Al-Mansour
2- Rusafa stations
– ‎Saadoun Filling Station / Al-Saadoun Street
‎- Abu Qalam / Karrada filling station inside
– ‎Mussa bin Naseer / Karrada Mobilization Station, Salman Faik Street near Al-Shorouk Building
‎- Al- Al-Hazila/Waziriya filling station
– ‎Bataouin filling station / flight yard opposite Baghdad market.

https://alforatnews.iq/news/البنك-المركزي-يعلن-توفير-نقاط-الدفع-الإلكتروني-بمحطات-الوقود-بهذا-الموعد

Central Bank governor sets two monetary policy goals in Iraq

Pratha News Agency 108 2023-03-16

The governor of the Central Bank of Iraq, Ali Al-Alaq, on Thursday, considered the reliance on the central bank to cover the general budget deficit a “very dangerous” phenomenon and threatens monetary stability in Iraq.

“Monetary policy includes two main objectives: maintaining the overall level of prices, that is, the strength of the currency locally, and the exchange rate, which represents the strength of the currency externally,” Al-Alaq said in a speech during the Sulaymaniyah forum.

He added, “The phenomenon of relying on the central bank to cover the deficit of the state budget is a very dangerous phenomenon, and the dependence of some governments on the central bank for financing threatens monetary stability.”

http://burathanews.com/arabic/economic/427866

Rafidain: Travelers Can Use The MasterCard For Withdrawal And Deposit

Iraq news

On March 16, 2023

Independent /- Rafidain Bank confirmed that the MasterCard card contains many advantages for its holders, including its use during travel in terms of withdrawal and deposit or in promotion and electronic shopping through the Internet and international sites and stores.

الرافدين: بامكان المسافرين استخدام بطاقة الماستر كارد للسحب والايداع

Kurdistan Regional Government announces Nowruz holiday

KurdistanKurdistan RegionBreakingNowruz Holiday

2023-03-16 04:36Font

Shafaq News / ‏ On Thursday, the Kurdistan Regional Government announced the holiday of Nowruz and the Kurdish New Year holidays.

“On the occasion of Nowruz, it was decided to suspend official working hours on Tuesdays, Wednesdays and Thursdays,” the government said in a statement to Shafaq News.

“The holiday starts from the 21st of this month until the 23rd of the same month,” he added.

https://shafaq.com/ar/كوردســتانيات/حكومة-قليم-كوردستان-تعلن-عطلة-نوروز

The fourth is Arabic.. Iraq raises its holding of US bonds to more than $41 billion

EconomyIraqThe US DollarBreakingU.S. TreasuriesCash Reserve

2023-03-16 04:07Font

Shafaq News / The US Treasury Department announced on Thursday that Iraq’s possession of US bonds has risen to more than $41 billion.

The Treasury stated in its latest table seen by Shafaq News that “Iraq’s possession of US Treasuries for the month of January 2023 increased by $303 million to reach $41.117 billion from $40.814 billion during the previous month,” noting that “these bonds increased by 75.69% from the same month in 2021 when Iraq’s possession of bonds was $23.4 billion.”

She added that “Iraqi bonds include long-term guarantees of $27,784 billion and short-term guarantees of $13.393 billion,” noting that these bonds represent 0.56% of global bonds.

In the Arab world, Saudi Arabia is at the forefront of the most possessed countries, reaching 111.016 billion dollars despite its decrease of more than 8 billion dollars from the previous month. The UAE comes secondly, 64.875 billion dollars, up by 6 billion dollars from the previous month, then Kuwait third with 43.282 billion dollars, down by 5 billion dollars from the previous month, then Iraq fourth and Oman fifth by 7.061 billion dollars, then Morocco by 3.931 billion dollars.

“The most holding countries of US bonds is Japan with $1.104.387 trillion, followed by China with $859.352 billion, followed by the United Kingdom with $668.298 billion, and then Belgium with $331.059 billion,” she noted.

https://shafaq.com/ar/اقتصـاد/الرابع-عربيا-العراق-يرفع-حيازته-للسندات-الاميركية-لى-كثر-من-41-مليار-دولار