Iraqi News Highlights Wednesday Evening 8-2-23
Tlm724 Administrator Bondlady’s Corner
The Federal Government Sends About 600 Billion Dinars To The Kurdistan Region
local | 01:38 – 02/08/2023 Baghdad – Mawazine News The Information and Information Department of the Kurdistan Regional Government announced, on Wednesday, that the federal government has sent nearly 600 billion dinars. The department said in a statement, a copy of which Mawazine News received, that the federal government sent a sum of money amounting to 598 billion dinars to the Kurdistan Region.
And she added, “The money comes to finance the monthly salaries of employees and workers in the public sector in the region.” https://www.mawazin.net/Details.aspx?jimare=232552
A Slight Increase In The Price Of The Dollar On The Local Stock Exchange
Wednesday 02 August 2023 10:22 | Economical Number of readings: 400 Baghdad / NINA / – The exchange rate of the dollar recorded, today, Wednesday, a slight increase in the local stock exchange.
The purchase price of the dollar reached 150,750 thousand dinars per hundred dollars, while the selling price amounted to 151,750 thousand dinars per hundred dollars./ End 9
https://ninanews.com/Website/News/Details?key=1068390
Al-Sudani Holds A Meeting To Discuss The Draft Oil And Gas Law
Money and business Economy News – Baghdad On Wednesday, Prime Minister Mohamed Shia Al-Sudani held a meeting devoted to discussing the draft federal oil and gas law, in the presence of a number of gentlemen; Leaders of political blocs, ministers of foreign affairs, oil and industry, advisor to the minister of natural resources in the Kurdistan Regional Government of Iraq, as well as a number of technical and legal advisors and experts.
A statement by the media office of the Council of Ministers, followed by “Al-Iqtisad News”, stated that “the meeting witnessed a review of the latest drafts of the draft law, its details and provisions, and what the technical and legal committees have worked on, and work to mature the final draft of the law, in preparation for its approval in the Council of Ministers, and submitting it to the House of Representatives for legislation. according to the legal and constitutional contexts.
Al-Sudani stressed during the meeting, “The draft oil and gas law is one of the basic and important laws, and it represents a factor of strength and unity for Iraq, and it has been stuck for years, at a time when the country today is in dire need to legislate it and benefit from this natural wealth, in all fields and sectors, in addition to the contribution of Enacting the law in solving many outstanding problems,” explaining that “there are governorates that have not invested their wealth until today, which is considered a negative matter for all development endeavors.”
And he indicated that “the law is part of the commitment to the ministerial curriculum, which was voted on by the House of Representatives, and it will take into account constitutional principles, in a way that guarantees the fair distribution of oil wealth, advances the reality of the economy in its various aspects, and contributes to the economic reform that the government has set in its priorities.”
Al-Sudani directed “the formation of a ministerial committee that would supervise the technical dialogues between the Federal Ministry of Oil and the Ministry of Natural Resources in the region, as well as inviting the governors of the oil-producing provinces, each of Basra, Maysan, Kirkuk and Dhi Qar, and the general managers of government oil companies to the ongoing technical dialogues regarding the law, provided that These dialogues will be followed by the completion of the political dialogue to agree on presenting the draft law. 51 views Added 08/02/2023 – https://economy-news.net/content.php?id=35453
Formation Of A Ministerial Committee To Supervise The Dialogues Between Baghdad And Erbil Regarding The Oil And Gas Law
Iraq Wednesday, August 2, 2023 Baghdad / National News Center Today, Wednesday, Prime Minister Muhammad Shia al-Sudani directed the formation of a ministerial committee to supervise technical dialogues between Baghdad and Erbil regarding the oil and gas law.
A statement by his media office, received by the National News Center, stated that “the Prime Minister held a meeting dedicated to discussing the draft federal oil and gas law, in the presence of a number of gentlemen; The leaders of the political blocs, the ministers of foreign affairs, oil and industry, the adviser to the minister of natural resources in the Kurdistan Regional Government of Iraq, as well as a number of advisors and technical and legal experts.
The statement added, “The meeting witnessed a review of the latest drafts of the draft law, its details and provisions, and what the technical and legal committees have worked on, and work on maturing the final draft of the law; in preparation for its approval by the Council of Ministers, and its submission to the House of Representatives for legislation, according to the legal and constitutional contexts.
During the meeting, the Prime Minister stressed that “the draft oil and gas law is one of the basic and important laws, and it represents a factor of strength and unity for Iraq, and it has been stuck for years, at a time when the country today is in dire need to legislate it and benefit from this natural wealth, in all fields and sectors.” In addition to the contribution of the legislation of the law in resolving many outstanding problems.
He explained that “there are governorates that have not invested their wealth until today, which is considered a negative matter for development efforts in all its tracks,” noting that “the law is part of commitment to the ministerial curriculum, which was voted on by the House of Representatives, and it will take into account constitutional principles, in a way that guarantees the fair distribution of oil wealth and advances the reality of the economy.” in its various aspects, and contributes to the economic reform that the government has prioritized.”
Al-Sudani directed “the formation of a ministerial committee that would supervise the technical dialogues between the Federal Ministry of Oil and the Ministry of Natural Resources in the region, as well as inviting the governors of the oil-producing provinces, each of Basra, Maysan, Kirkuk and Dhi Qar, and the general managers of government oil companies to the ongoing technical dialogues regarding the law, provided that These dialogues will be followed by the completion of the political dialogue to agree to present the draft law. https://nnciraq.com/219686/
Oil Prices Are Rising And Exceeding $85 A Barrel
Economy Wednesday, August 2, 2023 Follow-up / National News Center
Oil prices jumped nearly 1 percent today, Wednesday, trading near their highest levels since April, as data on inventories of crude and fuel products showed a decline in the world’s largest fuel consumer.
Brent crude futures for October were up 76 cents, or 0.90 percent, at $85.67 a barrel at 0407 GMT.
Similarly, US West Texas Intermediate crude for September rose 76 cents, or 0.93%, to $82.13 a barrel.
US oil inventories fell by 15.4 million barrels in the week ending July 28, according to market sources citing figures from the American Petroleum Institute.
Data from the American Petroleum Institute showed that gasoline inventories fell by 1.7 million barrels and distillate inventories fell by 510 thousand barrels, both indicators of strong immediate demand for fuel in the United States.
Crude oil inventories also began to decline in other regions as demand outpaced supply, which was constrained by deep production cuts from Saudi Arabia, the de facto leader of the Organization of the Petroleum Exporting Countries (OPEC), which supported prices.
Analysts expect Saudi Arabia to extend its voluntary oil production cut of one million barrels per day for another month, including September, at a meeting of producers on Friday.
They predicted that oil prices may continue to rise, but they may not exceed $90 per barrel given recessionary pressures in some regions such as Europe. Moreover, after the summer peak demand has passed, “oil prices have entered the end of this round of upward trend.” https://nnciraq.com/219612/
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