Bondlady’s Corner Iraqi News Tuesday PM

More Iraqi News Tuesday PM 8-2-22

Tlm724 Administrator Bondlady’s Corner

Al-Sadr’s Office In Baghdad: We Will Not Vacate Parliament, And The Protesters Must Stay

Political | 04:05 – 02/08/2022  Baghdad – Mawazine News  Al-Sadr’s office in Baghdad issued, on Tuesday, a comment on the statement of the Minister of the Leader regarding the evacuation of the protesters to the parliament building.


The director of al-Sadr’s office said in a press interview that was followed by “Mawazine News”, that the eviction intended by the Minister of al-Sadr includes the parliament hall only.


He added, “The sit-in demonstrators must continue to be present inside all the corridors of the Parliament building without any withdrawal.”


Earlier today, Tuesday, Saleh Muhammad al-Iraqi, Minister of the Sadrist Movement’s leader Muqtada al-Sadr, directed the evacuation of the parliament building and the shift of the sit-in in and around parliament and its approaches.


Al-Iraqi said in a statement posted on his accounts on social media, that “after the liberation of the parliament and its transformation into a parliament for the people, thanks to God Almighty and the efforts of the heroic revolutionaries, the following was decided:


First: the parliament building was evacuated and the sit-in in and around the parliament and its approaches within a maximum period of 72 hours from the date of this The leaflet


Second: If there are other places to sit in front of, instructions will come to you accordingly


Third: The viability of the sit-in is very important to achieve your demands, which we will provide you with later,


so the sit-in must be organized in the form of meals with the momentum of numbers remaining at specific times.


Fourth: Holding the unified Friday prayer for the combined prayers of Baghdad, Babylon, Kut, Karbala and Najaf Al-Ashraf in the Celebrations Square at the end of this week.


Fifth: We are in the process of forming a committee by the protesters to manage and organize the protests and take care of all that is needed.”


Planning: Unable To Provide Job Opportunities For All The Unemployed


Economie| 09:52 – 02/08/2022   Baghdad – Mawazine News, the Ministry of Planning said that the government is “unable” to provide job opportunities for all the unemployed, in light of the “absence” of the role of the private sector, while revealing the preparation of a draft law on partnership between the public and private sectors.


The Undersecretary for Administrative Affairs, Azhar Hussein Saleh, stated in an interview with the official “Al-Sabah” newspaper, followed by Mawazine News, that “the ministry is working, in addition to preparing the draft law, to educate and raise awareness of the importance of the private sector, and constantly strives to amend laws and reduce the differences between the public and private sectors.” .


Saleh added, “The percentage of work in the private sector has reached 88 percent, so the country is still among the developing countries, as developed countries have a percentage of work in this vital sector to 96 percent.”


He continued, “The country is currently suffering from an increase in the trend towards public jobs, due to the lack of laws and the lack of real job opportunities in light of the challenges it has faced during the past years.”


And she indicated that “the government cannot provide job opportunities for everyone according to the current development standards, so the participation of the private sector, which should be supported by the state, is necessary to create a healthy society and increase its positive repercussions in general.”


She pointed out, “the need for supporting laws that give workers in the private sector credibility and reassurance, especially the Social Security Law that guarantees the worker his rights in the event of an injury that causes him to lose the ability to work, in addition to the Home Employment Security Law issued by the Ministry of Labor and Social Affairs to guarantee the rights of the domestic worker as ( Servant)”.


Oil prices are falling again, and Brent is below $100 a barrel


Economie| 08:27 – 02/08/2022   Mawazine News: Oil prices fell again on Tuesday as investors digested a bleak outlook for fuel demand with data pointing to a decline in global manufacturing as major crude oil producers meet this week to decide whether or not to increase supply.


Brent crude futures fell 77 cents, or 0.8 percent, to $99.26 a barrel.


As for West Texas Intermediate crude futures, they fell 67 cents, or 0.7 percent, to $93.22 a barrel. Ended


With Preliminary Statistics, Oil: Revenues Last July Amounted To 10.608 Billion Dollars


Monday 01, August 2022 17:32 | Economic Number of readings: 275  Baghdad / NINA / – The Ministry of Oil announced the total exports and revenues achieved for the month of last July, according to the preliminary statistics issued by the Iraqi Oil Marketing Company “SOMO”, where the total amount of exports of crude oil reached 102 million (385) thousand and (49) barrels, Revenues amounted to (10.608) billion dollars.


The statistics indicated, according to a statement by the ministry, that “the total quantities exported of crude oil for the month of July from oil fields in central and southern Iraq amounted to (99) million and (965) thousand and (94) barrels, while from the Kirkuk fields through the port of Ceyhan, it amounted to (99) million (965) thousand and (94) barrels.


The exported quantities are two million (344) thousand and (536) barrels, and it continued that the average daily quantities amounted to (3) million and (303) thousand barrels per day, and the average price per barrel amounted to more than (103.60) dollars./ End


The Increase In “Central Bank” Sales Of Foreign Remittances To More Than 230 Million Dollars


Tuesday, 2 August 2022 3:56 PM   National News Center / Baghdad The Central Bank of foreign remittances sales rose today, Tuesday, through its daily auction, to more than 230 million dollars.


Today, during its auction of buying and selling US dollars, the Central Bank sold 274 million and 936 thousand and 260 US dollars, which were covered by the bank at a base exchange rate of 1460 dinars per dollar.


Most of these sales went to enhance balances abroad in the form of remittances and credits, amounting to 231 million and 86 thousand and 260 dollars, while the rest went in the form of cash sales, which amounted to 43 million and 850 thousand dollars.


And 33 banks fulfilled requests to enhance balances abroad, and 23 banks to meet cash requests, in addition to 234 mediating companies.


US Agency: Weak Deterioration Of Basra Port Docks Weakens Oil Revenues


Posted On2022-08-02 By Sotaliraq    Translation: Hamed Ahmed    A US agency reported that the weak carrying capacity of the Basra Port’s loading docks and the deterioration of pipelines prevent Iraq from earning more money by exporting oil in conjunction with the increase in its prices, and bulges that appeared in recent months at the ends of the lines revealed fears of their explosion and causing an environmental disaster at sea.


A report by the US Energy Agency (Platts) quoted Iraqi officials as saying that “the chances of increasing the quantities of crude oil pumped into the facilities of platforms loading platforms at the port of Basra in the near ter appear bleak.”


The report added, “This prevents any benefit gained for the country from increasing production amid the escalation of oil prices.”


He pointed out, “The old, dilapidated pumping pipes that connect the station and the loading docks pose a great risk of an environmental disaster.”


The report confirmed, “The (Platts) agency index of the movement of goods in the global market and the quantities of oil shipments from the oil-producing member countries of the Organization of the Petroleum Exporting Countries, showed that the quantities of crude oil produced by Iraq in the month of June amounted to an average of 4.38 million barrels per day, including the quantities of oil produced from fields Kurdistan Region”.


He pointed out, “This quantity is slightly more than the quantities of oil produced for the month of March, which amounted to 4.34 million barrels per day.”


The report stressed that “the southern port of Iraq for the export of oil was often seen as a narrow and obstructive outlet that is not commensurate with the large quantities of crude oil that the country produces.” And he reported, “The information of the Iraqi Oil Ministry confirmed that oil exports from Basra port for the period from March to June amounted to an average of 3.231 million barrels per day.”


The report noted, “This quantity is almost equal to the oil export rates for April 2020, which amounted to 3.351 million barrels per day, when (OPEC) and its allies abandoned the ceilings of production quotas for a limited period due to a disagreement over the production strategy amid the outbreak of the Corona pandemic and allowing producing countries to pump the amount that they you want it.” And he went on to say that “the flow of oil at the port of Basra is being hindered due to the poor condition of two marine lines feeding the pumping docks at the station.”


In addition, sources familiar with the situation stated, “Swellings have appeared in recent months at the ends of these lines, and there are fears that they may explode and cause an environmental disaster by spilling oil into the sea.”


The report continues, “The data of the agency (Platts) indicator of the daily movement of freight says that this matter forced the Basra Oil Company to reduce the pumping rates of the loading docks by 25%, i.e. at a rate of 54,000 barrels per hour from the previous pumping rates, which were about 70,000 barrels per hour.” .


And he added, “The marine pumping pipelines were installed in the late 1970s and were hoping to be replaced decades ago, despite that, no replacement or maintenance work was carried out due to financing and political problems, as well as other obstacles.”


The report spoke of “the addition of four mono-berths to support and supplement these marine lines, which increased the flow of oil in them, compensating for the decline in the pumping stations by a small percentage.”


For his part, the deputy director of SOMO Oil Marketing Company, Ali Al-Shatri, says, “Iraqi officials hope that the oil export capacity from the Basra port will reach 3.35 million barrels per day by September.”


Al-Shatri added, “With regard to the present time, taking into account not only the limitations of export capacity but also the activities of rehabilitation operations that may cause interruptions at times, this is what we expect that we can achieve.”


Al-Shatri indicated, “The possibility of achieving a higher number than that, but I have some reservations about this possibility until I see plans to develop export facilities in full swing.”


Al-Shatti added that “SOMO expects that the quantity of shipments of the Basra Heavy crude category will be 1.1 million barrels per day in July, and Basra Medium crude will be 2.2 million barrels per day.”


The report stated, “The analyzes of the agency (Platts) indicate that the quantities of exported oil will be limited at that maximum rate for the rest of the months of the year, with production quantities remaining at 4.54 million barrels per day.”


He pointed out, “There are fears of low quantities of equipment resulting from maintenance and rehabilitation work for pumping facilities or for reasons related to security and political instability.”


The report continues, “The current environment of high oil prices is an opportunity for Iraq to ensure the allocation of funds required to replace dilapidated marine shipping pipes, which may take two years to replace from the date of signing the contract, according to people who studied the project to develop and rehabilitate the pumping station.”


And the report went on, “This would increase the capacity of the Basra port terminal for export by 700 thousand to two million barrels per day, in addition to 4 single berths for loading with a capacity of 2.2 million barrels per day.”   LINK


To read more current and reliable Iraqi news please visit BondLady’s Corner: