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Iraqi News Sunday AM 1-23-22

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Coordinator: No Agreement On The Next Prime Minister

Saturday 22nd January 2022  190  Baghdad: Omar Abdul Latif

Amid the escalation of media statements and speculation about the person nominated to take over the position of the next prime minister in charge of forming the government, the coordinating framework confirmed that this personality would be far from the names presented previously, ruling out that he would accept the exclusion of the head of the State of Law coalition, Nuri al-Maliki, for an alliance with the Sadrist movement.

Member of the framework, Representative of the State of Law, Muhammad Al-Ziyadi, said: “The coordinating framework is determined to form a consensual government that includes all political forces.”

He added that “if the Federal Court decides to invalidate the session, the parliament’s presidency will be re-elected and new constitutional times will be set,” noting that “the course of the first session confused the political process and constitutional timing.”

He pointed out that “the coordination and the movement did not agree on candidates for the position of prime minister, and that the next prime minister will be far from the names presented previously.”

In turn, a member of the leadership framework in the Al-Fateh Alliance, Mukhtar Al-Moussawi, said: “The State of Law coalition is part of the Coordination Framework Alliance, and this important part cannot be abandoned, just as nation-building and reform cannot be achieved by excluding others.”

He added that “it is unlikely that the State of Law coalition (and its leader, Nuri al-Maliki) will be excluded from the framework coalition,” noting that “the country and the political process will not depend on anyone, so everyone must reject differences and make Iraq’s interest a priority.”

Moussawi suggested that “the date of forming the next government will be much delayed due to the differences between the major political blocs.” While the political blocs await the ruling of the Federal Supreme Court regarding the constitutionality of the first session of Parliament and its outcomes, legal expert Ali Al-Tamimi said that “the court sessions after issuing the state order and postponing the case for scrutiny, their management is characterized by expertise, professionalism and professionalism.”

Al-Tamimi added in an interview with “Al-Sabah” that “the postponement of the audit is a preparatory decision to complete the pleading sessions and reach the final decision formula.”

And he indicated that “it is not possible to give an opinion on the possible decision that will be issued by the court, of which no one else is aware, and that giving opinions by some is a suggestion and interference in judicial affairs that may expose its owner to legal accountability in accordance with Article 235 of the Iraqi Penal Code.”

He continued, “The decision of the Federal Supreme Court is now binding on all authorities in accordance with Article 94 of the Constitution, and therefore it is above the constitutional time limits, and when it is issued, whether by accepting or rejecting the case, it will draw the new map for these ceilings.”  LINK

Economist: Iraq Should Prepare Its Investment Environment And Take Advantage Of The Advent Of The European Investment Bank

Saturday 22 January 2022 08:53 | economic Number of readings: 138  Baghdad / NINA / – An expert in economic affairs, Raad Twij, confirmed: “The recruitment of the European Investment Bank in Iraq will contribute to attracting European companies to the country and strengthening the Iraqi banking system.”

Twig said in a statement to the National Iraqi News Agency ( NINA ): “News from the European mission in Iraq indicates that Europe wants to send the European Investment Bank for the purpose of strengthening its roles in Iraq, as well as preparing for investment through the arrival of European companies to Iraq,” stressing the need to take advantage of the opportunity. The opportunity to participate in European banks, i.e. joining their membership or participating in them in order to initiate the arrival of these banks.”

He continued, “Iraq must re-create its investment environment in order to be an attractive factor for European companies, and this matter requires cooperation and coordination between the two parties, and it is possible that this trend is synonymous with the Sino-Iraqi agreement.” / End 8

https://ninanews.com/Website/News/Details?Key=952008

A Slight Decrease In The Exchange Rates Of The Dollar In The Local Markets

Economie| 10:27 – 23/01/2022   Baghdad – Mawazine News, the dollar exchange rates fell slightly, on Sunday, in the main stock exchange and local markets in the capital, Baghdad.

The dollar exchange rate fell on the Central Kifah Stock Exchange in Baghdad, today, recording 147,950 dinars, for each $100 bill.

And the prices of buying and selling the dollar have stabilized in exchange companies and local markets in Baghdad, where the selling price reached 148,500 dinars, for each denomination of 100 dollars, while the purchase prices amounted to 147,500 dinars, for each paper denominations of 100 dollars. Ended 29/A 4 https://www.mawazin.net/Details.aspx?jimare=182406

Oil: Licensing Rounds Added $740 Billion To Iraq In 10 Years

Energy  Economy News _ Baghdad   Today, Sunday, the Oil Ministry announced that oil licensing rounds have added $740 billion to Iraq over ten years.

The Director of Oil Contracts and Licensing in the Ministry, Ali Maarij, said in a press interview, “The licensing rounds during a period of 10 years added to Iraq sums of money of up to 740 billion dollars, as well as additional production capacity of up to 1,700 to 3 million barrels per day.”

Maarij added; The sums that were spent on oil companies developing oil fields during this period amounted to nearly 90 billion dollars, which were spent on infrastructure, including drilling wells, laying pipelines, surface facilities, maintenance, and processing facilities for gas and oil.

He stressed that “what foreign companies operating in these fields obtained is not more than 1 to 1.2 of the revenues generated, which represent profits. As for the rest, which is up to 98 percent of the revenues, it went to the state’s general budget.”

It is noteworthy that Iraq had signed, at the beginning of the current year 2010, several contracts with international companies to develop some of its oil fields in southern Iraq, within the first and second licensing rounds.    Views 129 Date Added 01/23/2022  https://economy-news.net/content.php?id=27134

Oil Confirms Its Interest In Switching To Clean Energy

Political | 04:59 – 23/01/2022   Baghdad – Mawazine News, Undersecretary for Extraction Affairs, Karim Hattab, confirmed that the Ministry of Oil has paid great attention to the transition from traditional energy to clean and renewable energy, as well as interest in gas investment projects associated with oil operations, reducing gas emissions and transforming burned energy into clean and useful energy in the coming years.

Hattab said during his attendance at the Iraq Renewable Energy Forum, which started today under the slogan “Renewable energy is the inexhaustible gift of nature” and sponsored by the Deputy Chairman of the Ministerial Council for Energy Ihsan Abdul-Jabbar, that “studies confirm that the consumption of renewable energy as an energy source alleviates the severity and growing concerns about gas emissions.

And the rise in energy prices,” noting that achieving sustainable development requires achieving a better life for citizens, by preserving the environment and dealing with nature in a healthy and beneficial manner.

He stressed the importance of enhancing awareness of existing environmental problems and developing a sense of responsibility towards that.

Hattab pointed to the interest in the clean and renewable energy sector by the government and the ministry and its development and increase of its projects, stressing that this will not affect the ministry’s plans to sustain and increase production of oil and gas because of this of great importance in achieving large financial revenues that contribute to achieving sustainable development, in addition to Iraq’s survival as an influential country and an important player in the global energy market. End 29 / h

https://www.mawazin.net/Details.aspx?jimare=182450

Baghdad Hosts The Work Of The Renewable Energy Conference In Iraq

Economie| 11:49 – 23/01/2022   Baghdad – Mawazine News   The work of the Renewable Energy Conference kicked off in the capital, Baghdad, today, Sunday, under the auspices of the Ministry of Oil and with the participation of specialized international companies.

“The work of the renewable energy conference was launched this morning, under the auspices of the Ministry of Oil and with the participation of solid international companies,” noting that “the most prominent international companies participating in the conference are the German Siemens and the American General Electric,” the correspondent of “Mawazine News” said. https://www.mawazin.net/Details.aspx?jimare=182415

 

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