KTFA:
Clare: Putin: Relations with Iraq are developing and there are many common projects
4/05/2023
Russian President Vladimir Putin announced that relations between Moscow and Baghdad are developing steadily
He added, in a speech during a ceremony for receiving the credentials of a number of new foreign ambassadors at the Kremlin Palace, today, Wednesday, that “there are many joint projects in a number of sectors in Iraq.”
He stressed, “Russia’s support for Iraq’s territorial integrity and non-interference in its internal affairs.”
Putin also touched on cooperation between the two countries in various fields, and pointed out that trade exchange between Russia and Iraq has shown steady growth over the past two years.
In his speech to foreign ambassadors, the Russian President touched on the most important issues of Russian foreign policy, stressing his country’s readiness to cooperate with all countries without exception. LINK
Clare: International Welcome To Iraq’s Accession To The United Nations Convention On International Road Transport (TIR)
4/05/2023
Iraq has become the contracting party No. 78 within the TIR Convention. To join its neighboring countries (the Islamic Republic of Iran, Jordan, Kuwait, the Syrian Arab Republic, the Kingdom of Saudi Arabia, and Turkey) that are also contracting parties, which opens horizons for a more efficient and safe flow of goods across the region, and achieves linkages with markets throughout Europe and Asia. Including India, Pakistan and China – and beyond.
UNECE Executive Secretary Olga Algyrova said: “After one week of welcoming Iraq to the Water Agreement, I am pleased to congratulate Iraq on its accession to the TIR Agreement. This would open up new opportunities to boost economic growth as an engine of development through effective trade actions across the Middle East.”
Used by more than 34,000 transport and logistics companies, the TIR system reduces cross-border transportation time by up to 80% and costs by up to 38%.
The TIR Convention (1975) served by the United Nations Economic Commission for Europe (UNECE) is the only existing global customs transit system. LINK
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Clare: The OPEC basket rises to more than $84 a barrel
4/05/2023
OPEC announced, on Wednesday, that the prices of its basket of crudes have increased, to record more than $84 per barrel.
The organization stated, in a report seen by Shafaq News agency, that “the price of the OPEC basket of thirteen barrels of crude recorded 84.84 dollars per barrel,” indicating that “the price increased from last Friday by 6.72 dollars, after it recorded 78.12 dollars.”
The reference basket of the Organization of the Petroleum Exporting Countries (OPEC) is composed of: Sahara Mix (Algeria), Girassol (Angola), Djino (Congo), Zafiro (Equatorial Guinea), Rabih Light (Gabon), Iran Heavy (Iran), Basra Light (Iraq). ), Kuwait Export (Kuwait), S Sidr (Libya), Pony Light (Nigeria), Arab Light (Saudi Arabia), Murban (UAE) and Miri (Venezuela). LINK
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