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Zig’s Place Chat and News Wednesday Afternoon 4-28-21

Zig:  Welcome to zig’s place, a chat room for dinar speculators and others….discuss any topic that you wish here

butterfly   The President of the Republic, Barham Salih, arrived in Erbil, and was received at the airport by Nechirvan Barzani, President of the Kurdistan Region, and a number of party and government officials.

butterfly  Toller confirms to Al-Araji that the United States is seeking to include its relations with Iraq in all fields

Wednesday 28, April 2021 16:22 The US ambassador in Baghdad, Matthew Tueller, affirmed his country’s readiness to assist Iraq and provide the necessary support in the crisis of the Corona pandemic.

Tueller said during his meeting with National Security Adviser Qassem Al-Araji: “The United States of America seeks to include its relations with Iraq in all fields, especially cultural and health, as well as political relations,” indicating that his country is ready to help Iraq and provide the necessary support in the pandemic crisis. Corona.

The two sides discussed, according to a statement by the National Security Adviser, the political and security situations at the regional and international levels, and confirmed what was agreed upon in the strategic dialogue, in addition to discussing the Al-Hol border camp file and its danger to the region, as it includes large numbers of events, which may pose a great danger. On the area. / It’s over

butterfly  The Kurdistan Regional Health Ministry announces the registration of 1031 new infections and 16 deaths from the Corona virus

Wednesday 28, April 2021 16:45 The Ministry of Health in the Kurdistan Region announced the registration of 1031 new infections and 16 deaths from Corona virus in the region during the past twenty-four hours.

The ministry explained: “The new infections were distributed in Erbil, 163, Sulaymaniyah 322, Dohuk 476, Halabja 8, Garmiyan 62, and 973 of those infected with Corona Al-Shifa have gained, distributed in each of Erbil 117, Sulaymaniyah 313, Dohuk 458, Garmian 66. Raprin 10 “.

This brings the number of people infected with Coronavirus in the Kurdistan region to 149,140, of whom 125,601 have recovered, and 4005 died .butterfly   The overthrow of a drug dealer in Baghdad

Time: 04/28/2021 16:47:58   {Umniah: Al-Furat News} On Wednesday, anti-drug detachments arrested a suspect in drug trafficking in the capital, Baghdad.

Al-Mukhtasar al-Mufid .. In important news, you can find it on the Al Furat News channel on the Telegram .. To subscribe, click here

The Ministry of the Interior stated in a statement that Al-Furat News received a copy of it, that “the detachments of the General Directorate for Combating Narcotic Drugs and Psychotropic Substances, Department of Narcotics Control in Baghdad / Al-Karkh were able to arrest a person accused of dealing narcotic substances with the flagrante delicto and in possession of the narcotic crystal substance, in addition to the tools of abuse.” “.

It indicated “taking the necessary legal measures against him in accordance with the provisions of Article (28) of the Narcotic and Psychotropic Substances Law.”

butterfly   His office reveals: Saleh is in Erbil to resolve the outstanding issues between the region and the center

Time: 04/28/2021 16:54:48   {Politics: Al Furat News} The office of the President of the Republic announced, on Wednesday, the arrival of Barham Salih to Erbil on a political mission.

Al-Mukhtasar al-Mufid .. In important news, you can find it on the Al Furat News channel on the Telegram .. To subscribe, click here

His office said in a statement, a copy of which was received by Al-Furat News, of “Saleh’s arrival in Erbil to discuss the political situation in the country.”

The office revealed that “Saleh will also discuss the importance of strengthening cooperation between the federal government and the Kurdistan Regional Government in order to resolve outstanding issues in accordance with the constitution.”

An informed source confirmed that the President of the Republic had arrived in Erbil and was received by the President of the Kurdistan region, Nechirvan Barzani.

It is scheduled, according to the source, that the President of the Republic will meet with the President of the Region and senior officials to discuss the internal conditions in Kurdistan in particular and Iraq in general, in addition to discussing the ongoing preparations for the legislative elections in October of this year.

According to the information, Saleh will also discuss unifying the discourse of the Kurdish political forces in addition to discussing the attack that targeted Erbil International Airport recently, as well as the latest developments in the region.

Salih’s visit to Erbil comes at a time when Iranian Foreign Minister Muhammad Javad Zarif visited Erbil from the capital Baghdad and met with the President of the Kurdistan Democratic Party, Massoud Barzani, the President of the Kurdistan Region, Nechirvan Barzani, and the Prime Minister, Masrour Barzani.

Butterfly   Kurdish parliamentarian: Erbil government does not intend to implement the budget agreement with Baghdad

2021-04-28   Kurdish parliamentarian – Erbil government does not intend to implement the budget agreement with BaghdadMuslim Abdullah, a member of the Kurdistan Regional Parliament for the Kurdistan Justice Movement, confirmed, on Wednesday, that there is no direction by the Kurdistan Regional Government to implement the budget agreement with the federal government.

Abdullah said in a press statement that “despite the passage of the budget law and became effective, but the regional government is procrastinating for not implementing its provisions, because it cannot deliver the quantities of oil agreed upon with the law.”

He added, “Until now, there is no intention to implement the agreement and deliver the oil and the proceeds of the border crossings, because the outlets are under the control of the ruling parties that will not hand over the money due to the proximity of the elections, and they will be used in the electoral competition.”   burathanews.com

butterfly  Foreign Engineers Detained “in Solitary Confinement” in Iraq 28th April 2021 An Australian engineer and his Egyptian manager have reportedly been held without charge, and in solitary confinement, in Iraq for the past three weeks.

Robert Pether, who lives in Ireland, is said to have been called to Iraq to discuss a dispute between his employer, UAE-based EKO Engineering Arabia, and the company’s client, the Central Bank of Iraq (CBI).

The company is involved in the construction of the new, Zaha Hadid-designed, Central Bank headquarters in Iraq.

Mr Pether’s wife told Daily Mail Australia that when the two men arrived for the meeting, they were immediately taken into custody.

The issue was raised in the Irish Senate on Monday, with Senator Eugene Murphy saying, “as far as I can establish, he [Mr Pether] has been caught in the middle of a dispute between the authorities and the company”

butterfly   IBBC launches New Paper on Corruption in Iraq 28th April 2021 Iraq Britain Business Council (IBBC) seminar to launch Professor Frank Gunter’s publication on Corruption in Iraq:

Corruption Worse Than ISIS: Causes and Cures for Iraqi Corruption

In a well-attended online seminar, with leading International and Iraqi businesses, Embassy officials and media, Professor Frank Gunter outlined some of the key points in his paper on Corruption in Iraq.

Hard estimates of at least 22% of people having to pay a bribe annually, and the systemic and petty corruption that has become endemic, his solutions focus on the economic supply side of corruption and the cost in jobs and opportunities that Iraqi is missing as a result of work and investment not being made.

In particular the requirement for Iraq to create at least 350,000 jobs a year just to halt unemployment from rising from its estimated 80% impact on unemployed or underemployed youth. Where jobs and opportunities are in short supply, the entry cost of getting one encourages bribes at all levels of public activity.

State bureaucracy and the awarding of political contracts could account for lost business in the region of at least $80bn since 2003 .

The application of state subsidies for large swathes of the economy that fail to provide sufficient capacity for demand, also encourage bribes for areas such as power, education, health and business facilitations. Ending subsidies and expansion in the private sector would help align demand with supply and reduce the requirement for bribery, whilst affording the poorest higher benefit payments, as would reducing the regulatory burden of starting, closing and running a company, particularly for SMEs.

28 Apr 21, 10:27 AM butterfly   Beyond the market supply of business regulation and capacity in the country Dr Renad Mansour, Fellow at Chatham house, made the devastating points that corruption starts with the whole political ecosystem of patronage and payments that ensure elected ministers and politicians have to repay their debts to their investors, while tribal loyalties and the role of a corrupt civil service weaken the power of politicians to change the system.

The key question is, ‘Where do you begin to dismantle corruption in the system?’ Ms Maya Gebeily , journalist, made the points that The judiciary is subject to payments, and if there is no trust in the law, the system fails. The role of writers, journalists can be significant in influencing attitudes to cultural corruption, and those that people listen to include both protestors and religious leaders, who can take a lead in influencing behaviours and attitudes.

Mr Shwan Aziz, chair, fielded many questions and points were made by the audience, including the request for more evidential data to back up aspertions – to which the panel made the point that its many of the things that don’t happen, that should, must be factored into the impact of corruption, that it may be easier for large companies with resources than sme’s who find regulations and corruption a stranglehold on growth.

butterfly   Why is the Biden administration Optimistic about Iraq?

28th April 2021 By Diyari Salih, for Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News.

Why is the Biden administration Optimistic about Iraq?

Earlier this month, the United States and Iraq engaged in a third round of their “strategic dialogue.” Topics of discussion included energy, economy, culture, education-and most importantly, security.

The Apr. 7 discussions were the first of their kind under the new US administration led by President Joe Biden. In his inaugural address back in January, Biden vowed to forge a new path in foreign policy based on diplomacy rather than forcefulness.

As such, Washington has struck an optimistic tone on Iraq thus far. But given the wide range of intractable issues the country is facing, what is the basis of this optimism?

Butterfly   well this is new to me, I did not know that sugar could spoil……..

Industry: These are the circumstances of the spoiled sugar in the Maysan factory

Wednesday 28, April 2021 18:16 The Ministry of Industry and Minerals has reportedly commented about the presence of (2,400) tons of spoiled sugar in the warehouses of the sugarcane factory and farm in Maysan affiliated to the General Company for Food Products.

The ministry said, in a statement, that “the General Authority for Customs affiliated to the Ministry of Finance informed the General Company for Food Products of the existence of an estimated quantity of (6000) tons of spoiled sugar in the port of Umm Qasr – North, according to its letter No. (5041) on 1/16 / The aforementioned company answered its need for the aforementioned quantity according to its letter No. (4076) on 3/23/2017, ”

adding that at that time a committee of all specializations was formed to examine sugar, according to the book of the Southern District Commodity No. (11/29833) 22 / 11/2017 and it was found that the available quantity amounted to (2,400) tons and not (6,000) tons, and accordingly the company paid an amount of (60) million and (125) thousand dinars under a check for the Southern District Commodore’s account. By the Integrity Commission / Basra Investigation Office, with the case numbered (300 / Q3 / 2018). ”

butterfly   The ministry stated, “The damaged sugar was presented to the Ministry of Health / Public Health Department / Nutrition Research Institute, which in turn presented the issue to the Food Safety Advisory Board, as the Authority agreed to deliver sugar to the General Company for Food Products for use in the manufacture of industrial alcohol in accordance with its numbered decision ( 228) and accompanied by the approval of the Minister of Health and Environment.

She explained that “the Integrity Cases Court in Basra issued its decision dated 5/27/2019 to lift the seizure of sugar and hand it over to the General Company for Food Products. The decision was approved in the Basra Criminal Court in its discriminatory capacity by its decision No. (424 / C1 / 2019) on 2/7. / 2019 “, indicating that” the aforementioned company received the spoiled sugar according to the support of the General Company for Iraq Ports / Umm Qasr Port Directorate – North No. (1/6/23/2535) on 3/9/2019 after weighing the quantities received in the balance of the port in the governorate Basra and the balance of the Maysan Sugar Factory and it was originally entered into the factory’s warehouses and is still in place.

Revealing that a team of investigators of the Integrity Commission / Directorate of Investigation in Maysan, accompanied by employees of the Health Inspection Division and staff of Maysan Inspection, on 4/22/2021, came to the Maysan Sugar Factory and Farm and were provided with all the aforementioned priorities to present them to the attention of the Integrity Investigation Judge in Maysan according to the minutes. Transfer and Control No. 159 Q5/2021 on 4/22/2021.

butterfly   Al-Kazemi advisor to / Nina /: There are no financial allocations for members of provincial councils in the general budget

Wednesday 28, April 2021 17:14 The advisor to the Prime Minister for Provincial Affairs, Kazem Al-Sahlani, revealed that there are no financial allocations for members of provincial councils in the federal budget 2021.

Al-Sahlani said in a statement to the Iraqi National News Agency ( NINA ) that “the House of Representatives ‘decision to stop the provincial councils’ work came under popular pressure, and originally it exceeded the mandate of the four calendar years,” noting that “the dissolution of the local councils left a clear void because most of the legislations that regulate The work of the provinces was done by relying on the existence of these councils.

He added, “When these councils are dissolved, the specialists did not enact alternatives or solutions to the issues that are supposed to be returned to the provincial councils, which creates confusion in the governorate administration so far,” indicating that “”

Sahlani, who is the supervisor of the Supreme Coordination Committee between the provinces, explained that “the decisions of the Federal Court are binding and final and not subject to discrimination and appeal. If it decides to take the appeal, it will be binding on the implementation of the government and parliament.” It did not include any salaries, privileges or entitlements for members of the provincial councils, and it will be very difficult in practice for them to return to the implementation of their duties. ”

butterfly   The House of Representatives decided, in its session held on October 28, 2019, to dissolve the provincial councils, and to grant parliament and governors the powers to manage financial and administrative matters in the governorates, and then voted on November 26, 2019, on the second amendment to the provincial council elections law No. 12 of 2018, with the aim of dissolving Provincial councils with a new law.

butterfly   Al-Maliki: The upcoming elections are pivotal and voters must be given the opportunity to choose their representatives away from fraud

Wednesday 28, April 2021 17:34 The head of the State of Law coalition, Nouri al-Maliki, affirmed that the upcoming elections will be important and articulate and must be characterized by integrity and transparency, stressing the need to provide a stable security environment and give voters the opportunity to choose their representatives away from fraud, manipulation and pressure.

Al-Maliki indicated, during his meeting today with Canadian Ambassador to Iraq, Aurelik Shannon, to the importance of developing relations between Iraq and Canada and the importance of attending Canadian expertise in Baghdad and investing in promising opportunities in various fields. During the meeting, developments in the political situation in the region and the world were discussed, in addition to discussing the ongoing preparations for a procedure. Early elections.

For his part, Ambassador Shannon expressed his country’s continuing interest in strengthening the relationship with Iraq and continuing its support in all fields.

butterfly   Parliamentary integrity: official ready interrogations of three officials

Wednesday 28, April 2021 17:51 The Parliamentary Integrity Committee announced that the House of Representatives has three legally ready and completed inquiries, for each of the Central Bank Governor, the Minister of Finance and the Minister of Trade.

A member of the committee, MP Sabah Al-Saadi, said in a statement to the Iraqi National News Agency ( NINA ): “The upcoming interrogations are related to the economic and financial crises that the country is witnessing, the manipulation of currency exchange rates and the deterioration of the ration card items.”

He added, “The Presidency of Parliament is obligated to set dates for interrogation sessions, respectively, at the earliest possible session.”

butterfly    Parliamentary integrity to / NINA /: ready interrogation requests in the House of Representatives and the Presidency are the ones that block them

Wednesday 28, April 2021 18:16 The Parliamentary Integrity Committee disclosed the interrogation requests that have fulfilled all the conditions and legal procedures related to them pending the appointment of the interrogation sessions, while the Presidency of the Parliament was accused of suspending these interrogations, in violation of the constitution and the law.

A member of the committee, Deputy Sabah Al-Saadi, said in a statement to the Iraqi National News Agency ( NINA ): “There is an anticipated interrogation of Finance Minister Ali Allawi by one of the members of the Parliamentary Integrity Committee,” indicating that “the Speaker of Parliament is the one who has delayed the interrogation since the previous period as he stated so.” Publicly, as well as from other interrogations. ”

He added: “The House of Representatives has three interrogations legally ready and completed for presentation in the coming sessions, for each of the Central Bank Governor, the Minister of Finance and the Minister of Trade, about the economic and financial crises in the country, the manipulation of currency exchange rates and the deterioration of the ration card items.” By setting the dates for the interrogation sessions, respectively, as soon as possible, and enough procrastination and courtesy to these ministers and officials. ”

Al-Saadi pointed out: “The House of Representatives deals positively with the demands of the masses according to the constitution, the law, and the internal system, but the presidency is the one who disrupts the interrogations and it cannot do that, neither legally nor constitutionally.”

butterfly   Fayyad and Turan stress the importance of concerted governmental and political efforts to lay the foundations for peaceful coexistence between the components

Wednesday 28, April 2021 18:38 The head of the Popular Mobilization Authority, Faleh al-Fayyad, met today, Wednesday, with the head of the Turkmen Front, Hassan Turan, and discussed with him security developments.

The two sides stressed the importance of concerted governmental and political efforts in order to establish the rules for peaceful coexistence among the components of the Iraqi people.

Turan praised the relentless efforts made by the Mobilization Authority in combating terrorism and pursuing ISIS cells.

butterfly   Iraq and the United Arab Emirates discuss bilateral cooperation and ways to enhance it

Wednesday 28, April 2021 21:12 Iraq and the United Arab Emirates discussed bilateral cooperation and ways to enhance it.

A statement by the Ministry of Foreign Affairs stated that the Iraqi ambassador to the United Arab Emirates, Muzaffar Mustafa Al-Jubouri, held a meeting via remote visual communication technology with the UAE Minister of State for Foreign Affairs Sheikh Shakhbut bin Nahyan Al Nahyan. ”

During the meeting, files related to bilateral cooperation between Iraq were discussed . And the sisterly Arab Emirates and ways to enhance this cooperation, in addition to a number of regional and international files of mutual interest, and they also discussed investment opportunities and fields.

The ambassador praised the depth of relations between the two countries, expressing Iraq’s desire to develop and develop them in all fields, especially economic and trade, pointing to the importance of activating agreements and memoranda of understanding between the two sides by activating the work of the joint Iraqi-Emirati committee.

butterfly   For his part, Sheikh Shakhbout bin Nahyan extended his congratulations on the success of the visit of Prime Minister Mustafa Al-Kazemi to the UAE, indicating that the UAE-Iraqi relations are developing further and deepening under the support and patronage of the leaderships of the two brotherly countries, stressing keenness to activate them, in a way that achieves the common interests of the two countries.

butterfly   The Ministers of Finance and Electricity discuss the electricity sector strategy within the 2022-2024 budget preparation session

Wednesday 28, April 2021 21:01 Minister of Finance Dr. Ali Abdul Amir Allawi chaired the seventh session of the Committee for preparing the budget strategy for the years 2022-2024, in the presence of Minister of Electricity Majed Mahdi, the advisers of the prime minister and electricity, the deputy ministers of the Minister of Finance, Planning and Oil, directors of the ministry and other ministries.

During the session, according to a statement of the Ministry of Finance, the electricity sector strategy presented by the Ministry of Electricity for the coming years was discussed. The strategy included all the comprehensive development projects that will be implemented during the coming years by the ministry, in addition to its total need for financial allocations that will lead to meeting the citizen’s needs. Of electrical energy in the coming seasons.

He added that: The Ministry of Finance will work to study the strategy of the Ministry of Electricity and ensure the necessary financial allocations for the coming years for the purpose of improving the reality of electricity in Iraq in meeting the needs of the citizen and raising the capacity of producing electric power, in addition to investing and implementing the reform paper “white paper” integrated programs for the development of the electricity sector that will contribute To meet the citizen’s need .

butterfly   I love how they are extending their hands to all the other countries. It shows they are trying to rise above the past ways………………

butterfly   Andy Borowitz: BREAKING……Feds raid Rudy’s apartment but find no evidence of law degree……

Doug_W   butterfly when U can “spend it” let me know

butterfly  Doug_W What? Spend?

Doug_W   do my currency exchange

butterfly   * we will ALL know at the same time. As usual what I/we have heard is just an opinion. as I’ve stated, give me the proof and then I “might” believe you.

Zig   I found a $10 Canadian bill…I have never exchanged anything at a bank….so I went into my bank and asked if they would exchange it….remember this is only one $10 bill….said yes but it would take 15 minutes as they had to check it through the computer, etc….and they needed a picture ID from me as well…I had no time so said I would do it later….Jeez all that is required for one little bill….I had no idea……

Doug_W   how far are U from Canadian border Ziggy?

butterfly   Zig I believe, just guessing, that they need to look up the rate for exchange.

Zig   Doug_W : Hundreds of miles….only went to the bank out of curiosity for the process. butterfly they also mentioned checking to make sure it is not counterfeit…as they would enter the serial number, etc…so the process takes time….

butterfly  Zig Yup and as in here, all stores have that ink pen they scratch across a bill to see if it is counerfeit.

butterfly  Canadian Defense Minister confirms support for Iraqi forces to combat terrorism

Wednesday 28, April 2021 22:00 Minister of Defense Jumah Inad Saadoun received a phone call from Canadian Defense Minister Harjit Sagan.

A statement by the Ministry stated: During the call, a number of issues of common interest were discussed.

He added that: The Canadian minister offered condolences for the tragic accident that Ibn Al-Khatib Hospital witnessed in the capital, Baghdad.

The Canadian minister affirmed his country’s stand with Iraq and continued support for Iraqi forces, through NATO, to combat terrorism.

I J B  $6 Trillion spending in 100 days

Zig    I J B : Yeah…the debt keeps skyrocketing….

Dave   OVER 30 TRILLION…….much owed to China

I J B   One day they will be out of money, then all * breaks lose!

Zig   We just keep printing more and more I guess….

Dave   30 Trillion…..chump change

I J B    Dollar worth less and less till it’s worth nothing. Then bullets are the currency of choice

Dave  National Debt Stacked in Dollar Bills Would Stretch from Earth to Moon Five Times

Dave https://www.cnsnews.com/mrctv-blog/gregory-gwyn-williams-jr/national-debt-stacked-dollar-bills-would-stretch-earth-moon-five

butterfly   The Kurdistan Regional Government approves the Specialized Criminal Court for ISIS Crimes Law

Wednesday 28, April 2021 23:00 The Kurdistan Regional Government voted on the draft law of the criminal court specialized in ISIS crimes in the region.

This came according to the Patriotic Union of Kurdistan website during the weekly meeting of the Kurdistan Regional Government under the supervision of the regional government head, Masrour Barzani and his deputy, Qubad Talabani, today, Wednesday. ”

In the first part of the meeting, Minister of Finance and Economy Awat Sheikh Janab and Planning Dara Rashid presented a special report on the latest figures Related to the region’s budget bill for the year 2021.

The region’s government decided to form a committee to include its observations and proposals in the draft law in preparation for voting on it before referring it to the region’s parliament.

In the second part of the agenda of the meeting, reviewed the Vice – President of the provincial government special meeting results on the face of drought, and included plans and proposals and priorities of the relevant ministries and provinces and independent departments, and decides that the drought plan is prepared next week to discuss and vote on them in order to implement at the earliest opportunity. ”

In At the conclusion of the meeting, the regional government approved five draft laws: the draft law on the criminal court specializing in ISIS crimes in the Kurdistan region, the draft law for implementation and amendment of the law on industrial investment in the private and mixed sectors No. (20) of 1998 amended in the region and the draft law amending the laws of the Union of Chambers. Commercial and Industrial Law, Ministry of Commerce and Industry Law, Commercial Law, and it was decided to refer these draft laws to the Parliament of the region for enactment .

butterfly Al-Kazemi’s advisor identifies 3 reasons that impeded the implementation of the ‘Chinese agreement’

2021.04.28 – 18:15  Al-Kazemis advisor identifies 3 reasons that impeded the implementation of the Chinese agreementThe financial advisor to the Prime Minister, Mazhar Muhammad Salih, spoke on Wednesday about the possibility of raising the ceiling of exported oil under the agreement with China to 300 thousand barrels per day, while he identified 3 reasons that ‘hindered’ the implementation of the agreement in the past.

In a statement to the official agency affiliated with “People”, (April 28, 2021), Saleh said, “The agreement with China referred to the framework agreement for cooperation signed between the Iraqi Ministry of Finance and the Chinese Export Credit Guarantee Authority (Cynosure) in 2018, and completed it by signing its accounting and oil annexes in 23-9-2019.

He added, “The agreement indicated that Iraq allocates a value equivalent to 100 thousand barrels of oil per day from its exports to the Republic of China, and at the prices of current oil contracts, to deposit the amounts of its revenues into an account for the benefit of the Republic of Iraq, and the incoming is allocated to finance projects contracted to implement with China related to infrastructure and important projects. Generating income. ”

butterfly  He stated, “The annual value of one hundred thousand barrels, and according to current prices, is estimated at $ 2.2 billion according to international oil prices,” stressing that “the important thing in the matter is to create an accumulation of important reserves allocated for the purposes of construction projects contracted to implement between the two countries.”

He explained, “China is the first importer of Iraqi oil, which amounts to approximately 850,000 barrels of crude oil per day, and it is mostly the main buyer for more than 40% to 45% of Iraq’s oil, and it competes with India in the purchase quotas for Iraqi oil in the eastern and southern Asian markets,” he said. The Chinese oil companies operating in Iraq are the main contractor in the development and development of oil fields in the middle and south of the country based on the licensing rounds and approved service contracts, and these Chinese companies receive part of their dues in the form of crude oil as well.

The advisor to the prime minister stated that “the framework agreement for cooperation between Iraq and China extends for twenty years, and has been in effect since October 18, 2019, but has faltered in 2020 for 3 reasons, the first: China’s withdrawal from the global economy temporarily and the closure of its foreign activities.”

Because of the Corona pandemic, being the first country in the world to be exposed to this epidemic, and the other reason is: the decline in oil prices and their deterioration in the year 2020, as well as a third reason is the failure to approve the budget that included construction projects at the expense of the Iraqi-Chinese agreement.

butterfly  And he added, “Despite this, China is still the first strategic partner in the fields of oil, reconstruction and trade. The current account of the Iraqi balance of payments with China annually exceeds $ 30 billion (import and export).”

On the possibility of raising the ceiling of the agreement from 100 thousand barrels of oil per day to 300 thousand barrels, the advisor to the Prime Minister emphasized that this is possible for two reasons. First: There are plans to develop Iraqi oil production and export development so that Iraq may be the first oil producer in the Middle East region, and the second: that China Its growth is remarkably booming, and its refineries will depend on the northern Arabian Gulf oil, meaning Iraq, Iran and Saudi Arabia. ”

He pointed out, “China’s need for Iraqi oil will continue until the year 2060, and Iraq’s need for development and development will take an escalating path that requires more international cooperation and befitting the renaissance of Iraq and its promising and prosperous strategic future as a building, reconstruction and growth power.” nasnews.com

butterfly  Kurdish parliamentarian: Erbil government does not intend to implement the budget agreement with Baghdad

2021-04-28 Kurdish parliamentarian – Erbil government does not intend to implement the budget agreement with BaghdadMuslim Abdullah, a member of the Kurdistan Regional Parliament for the Kurdistan Justice Movement, confirmed, on Wednesday, that there is no direction by the Kurdistan Regional Government to implement the budget agreement with the federal government.

Abdullah said in a press statement that “despite the passage of the budget law and became effective, but the regional government is procrastinating for not implementing its provisions, because it cannot deliver the quantities of oil agreed upon with the law.”

He added, “Until now, there is no intention to implement the agreement and deliver the oil and the proceeds of the border crossings, because the outlets are under the control of the ruling parties that will not hand over the money due to the proximity of the elections, and they will be used in the electoral competition.”   burathanews.com

butterfly   Iraqi Dinar/US Dollar auction results 4-28-2021

United States DollarThe results of the foreign currency sale window on Wednesday 4/28/2021, and executed today

Sale date – Wednesday 4/28/2021 and executed today  the details

Amount

Total sale for purposes of enhancing funds abroad (transfers, credits)  177,067,368

Total cash sale  27,200,000

Total total sales  204,267,368

Note that: The sale price of the sums transferred to bank accounts abroad is ( 1460 ) dinars per dollar.

The cash sale price is ( 1460 ) dinars per dollar.   cbi.iq/currency_auction/view/1018

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