Iraqi News Sunday AM 7-31-22
Tlm724 Administrator Bondlady’s Corner
The Sadrist Movement: The Sit-In In Parliament Will Remain Open Until The Corrupt Are Removed From Power
Political | 03:16 – 07/31/2022 Baghdad – Mawazine News , the director of the office of the leader of the Sadrist movement in Baghdad, Ibrahim al-Jabri, confirmed today, Sunday, that the sit-in of the Sadrist movement’s supporters in the parliament building inside the Green Zone in Baghdad will remain open until the “corrupt clans” are removed from power.
Al-Jabri said: “The sit-in in Parliament is open, and we say to the Iraqi people, who walked and came from most bridges to Baghdad and entered Parliament, and said that there will be an open sit-in until this corrupt group is removed from the bench of power.”
He added, “The first and last goal of the sit-in is to remove corruption. If corruption is removed, Iraq will flourish, and if it is not removed, Iraq will not recover.”
And he continued, “Sectarianism will remain, and those who relate to this sectarianism will remain, unfortunately, and those who are related to the love of homelands outside their homeland, and this is not satisfied by the living conscience of those who came and entered Parliament from among the Iraqi people.”
Regarding the Sadrist movement’s readiness for dialogue with the “coordinating framework” after the leaders’ calls yesterday to sit down and negotiate with the movement, al-Jabri asked, “Who represents the framework? Is it Nuri al-Maliki, Haider al-Abadi, Hadi al-Amiri, Mr. Ammar al-Hakim, or who?”
He continued, “They all said we demand the framework and the Sadrist movement to sit at the negotiating table. Who is the framework? We do not know who.”
He continued, “Is there a split so that we know that so-and-so has left the framework? All of them today are calling for the framework, so who is the framework? The framework is inside Iraq or outside Iraq?”
The demonstrators supporting the Sadrist movement had organized protests inside the Green Zone in Baghdad, in protest against the nomination of the “Coordinating Framework” coalition, Muhammad Shiaa al-Sudani, for the position of prime minister. https://www.mawazin.net/Details.aspx?jimare=201065
A Financial Official Explains The Repercussions Of The Devaluation Of Currencies On The Iraqi Dinar
Economie| 10:56 – 31/07/2022 Special – Mawazine News, between the former official of the Financial Supervision Bureau, Salah Nouri, today, Sunday, the impact of fluctuation and depreciation of hard currencies in the Iraqi dinar.
In an exclusive interview with Mawazine News, Nouri said, “The drop in the exchange rate against some foreign currencies, except for the euro, is slight, and that dollar prices have not experienced any global decline.”
He pointed out that “Iraq remains safe from this decline until today, and the value of the Iraqi dinar has not been affected.” Ended 29 / 99 https://www.mawazin.net/Details.aspx?jimare=201045
Decline In Iraq’s Oil Exports To America
Economie| 09:37 – 31/07/2022 Follow-up – Mawazine News, the US Energy Information Administration announced, on Sunday, a decrease in Iraq’s oil exports to the United States during the past week.
The administration said in a report, “The average US imports of crude oil during the past week from eight countries amounted to 5.349 million barrels per day, down by 373,000 barrels per day compared to the previous week, which amounted to 5.722 million barrels per day.”
She added that “Iraq’s oil exports to America amounted to an average of 165,000 barrels per day last week, down from the previous week, when oil exports to America averaged 454,000 barrels per day.”
The report also indicated that “most of America’s oil revenues during the past week came from Canada, at a rate of 3.308 million barrels per day, followed by Mexico at a rate of 639,000 barrels per day, and oil revenues from Saudi Arabia at a rate of 516,000 barrels per day, and then Brazil at a rate of 278,000 barrels per day. “.
According to the administration, “the amount of US imports of crude oil from Colombia and Ecuador amounted to an average of 150,000 barrels per day for each one, and from Nigeria at a rate of 143,000 barrels per day, while no quantity was imported from Trinidad and Tobago or Russia.” Ended 29 / M 99
https://www.mawazin.net/Details.aspx?jimare=201034
The Dollar Rises Against The Dinar
Economie| 10:47 – 31/07/2022 Baghdad – Mawazine News, the dollar exchange rates rose, today, Sunday, on the Iraqi Stock Exchange.
Selling price: 148,700 dinars per 100 dollars, buying price: 148,600 dinars per 100 dollars
https://www.mawazin.net/Details.aspx?jimare=201042
The New York Times: Oil Prices May Rise To $200 A Barrel
Energy Economy News-Baghdad The New York Times warned that the situation is about to take a turn for the worse, as new sanctions that the European Union and Britain have agreed to impose on Russia by the end of the year are likely to push up oil prices .
The newspaper wrote that the United States and its allies relied heavily on imposing economic sanctions to punish Russia for its invasion of Ukraine. But it seems that a key element in that strategy, the restrictions on Russian oil exports, often causes hardship and harm to ordinary people in other countries .
European countries, in particular, have caused massive damage to their economies without reducing Russian oil revenues .
The newspaper stressed that the countries seeking to help Ukraine are aiming at the wrong goal, that is, by focusing on reducing Russian energy exports rather than reducing its export profits, as Russia exports less oil, but in the opposite way, it makes more money, according to the Center for Research on Energy and Clean Air in Finland. Sanctions raised prices more than offsetting the decline in exports. In May 2022, Russia earned €883 million per day from oil exports, up from €633 million per day in May 2021 .
The newspaper warned that the situation is about to take a turn for the worse, as the new sanctions that the European Union and Britain agreed to impose on Russia by the end of the year are likely to push up oil prices .
Some analysts warn that the price of a barrel of oil may exceed $200, which could easily push Western economies into recession. 176 . views Added 07/31/2022 – 12:22 PM Update 07/31/2022 – 4:45 PM
https://economy-news.net/content.php?id=29081
With The Participation Of Iraq… Oil Reviews The Objectives Of The Upcoming “OPEC Plus” Meeting
Energy Economy News_Baghdad Today, Sunday, the Oil Ministry set the objectives of the upcoming OPEC Plus meeting, with the participation of Iraq.
And the ministry’s spokesman, Assem Jihad, told the official news agency, “OPEC Plus does not neglect the gains that it has achieved during the past period,” noting that “normally, periodic meetings are held, their timings are predetermined by the General Secretariat of the Organization of Petroleum Exporting Countries, OPEC, and with the agreement of the ministers of member states. in OPEC and its allies from outside it.
Jihad added that “these meetings aim to follow up and discuss developments in the oil market, and to review the technical reports prepared by the research authorities in the organization on the reality of the global market, the variables, influences and current and future expectations, and all the factors and conditions surrounding the global markets that may lead to an imbalance between supply and demand.”
He continued: “This requires setting the necessary recommendations for the plans of the organization and the producing countries allied with it, for their approval and approval by the ministers,” noting that “the OPEC agreement to cut production has contributed greatly to reducing the repercussions and impact of the health, security, economic and political crises on price stability.” Crude oil in world markets.
He pointed out that “the world and OPEC face many challenges, including health challenges, political challenges, security challenges, and certainly the most prominent challenge now is the Russian-Ukrainian war and its repercussions on the energy market and the global economy, represented by causing great confusion and concern in the demand for gas and oil, especially in Europe and this extended to other countries, as well as the repercussions of sanctions on Russia, which is the second largest producer in OPEC Plus, and the search for sources to drain its oil.
He explained, “The use of gas by Russia as a pressure card to confront the European gas consuming countries made the consuming countries face a great challenge to search for alternatives in the absence of an alternative to compensate them within a short period, and this also contributed to the confusion of the global demand for gas.” Views 13 Added 07/31/2022 – 4:03 PM Update 07/31/2022 – 4:47 PM
https://economy-news.net/content.php?id=29083
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