Zig’s Place Chatroom News Early Monday AM 10-25-21

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butterfly   Because of the lack of supply .. Brent rises above $ 86

Monday 25 October 2021 Oil prices jumped today, Monday, to reach their highest levels in several years, in light of scarce global supplies, amid strong demand for fuel in the United States and other places in the world, with economies recovering from the Corona virus epidemic.

US West Texas Intermediate crude futures rose 77 cents, or 1.0 percent, to $84.53 a barrel, after rising 1.5 percent on Friday.  Brent crude futures rose 71 cents, 0.8%, to $86.24 a barrel, after last Friday’s 1.1% gain.

After more than a year of reduced demand for fuel, consumption of gasoline and distillates is back in line with five-year averages in the United States, the world’s largest consumer of fuel.

Meanwhile, US energy companies last week halted oil and natural gas drilling for the first time in seven weeks, even as oil prices rose, energy services firm Baker Hughes said in its closely watched report on Friday.

Oil prices were also boosted by concerns about coal and gas shortages in China, India and Europe, prompting a shift to diesel and fuel oil for power generation.   ninanews.com

butterfly  2021-10-25 08:17  Shafaq News/ the Iraqi Oil Minister Ihsan Abdul-Jabbar confirmed today, Monday, that Iraq aims to invest 2.6 billion cubic feet of gas per day by 2026.

Abdul-Jabbar said during his participation in the Saudi Green Initiative, forum; “Iraq has taken practical steps to move seriously towards replacing clean energy, reducing emissions and pollutants, and setting plans to achieve our goals in investment projects for associated gas and renewable energy projects.”

“Iraq succeeded in investing 53% of the total Associated gas, 5% more than two years ago.”

Abdul-Jabbar added that “the Ministry of Oil has set plans to invest additional quantities of gas amounting to 2.6 billion cubic feet per day by 2026, and the ministry is continuing to implement its contracts with international companies to achieve our goals and plans within this framework.”

The Minister of Oil stressed that “the Saudi initiative is an important strategic initiative in the region and the world, to confront the challenges and repercussions facing the climate and energy. Iraq supports the Green Middle East Initiative,

“The economy and the production of green hydrogen will diversify the economy of many Arab countries by taking advantage of the high solar energy resources in the region, and the production of blue hydrogen using low-value raw materials, such as heavy oil.”

The Minister of Oil stressed, “Iraq, within the directions of the government and the Ministry of Oil, is conducting a study of multiple economic models for investing associated gas using liquefaction techniques (GTL) or energy conversion (GTP) through mobile generators with medium capacities or hydrogen conversion.”

butterfly  He pointed out, “the Ministerial Energy Council set its ten-year plan for energy transformation to reach 33% clean energy in 2030, and Resolution No. 67 of 2021 laid out the features of the plan to produce 12,000 megawatts of solar photovoltaic energy, which began with EPC implementation contracts and IPP investment contracts with leading companies in the field of energy such as Total and others.

Concerning Iraq’s role in protecting the climate, Ismail explained that the Presidency of the Republic approved joining the Paris Climate Agreement early this year, and at the same time, the Iraqi government confirmed its accession to the World Bank 2030 initiative to zero burning of associated gas.

He pointed out that the Ministry of Oil has started contracting to implement the joint sea water project CSSP, which includes the provision of five million barrels of water. shafaq.com

butterfly   Explaining Iraq’s election results

Although the election results appear to show a shift in political support, there is a clear disparity between the popular vote and the allocation of power. https://www.chathamhouse.org/2021/10/explaining-iraqs-election-results

butterfly   Iraqi ministry proposes taking Iran to The Hague over water https://www.rudaw.net/english/middleeast/iraq/241020212

butterfly   Iraqi forces demand the president’s intervention to spare the country “more dangerous” scenarios

10-25-2021   Iraqi forces demand the presidents intervention to spare the country more dangerous scenariosOn Sunday, Iraqi political forces called on the President of the Republic, Barham Salih, to intervene to spare the country “more dangerous” scenarios, against the backdrop of the crisis in the results of the parliamentary elections that took place on October 10.

This came in a statement issued by the office of the leader of the “State of Law” coalition, Nuri al-Maliki, in the name of “the national forces objecting to the election results”, after a meeting held at the coalition’s office in the capital, Baghdad, without referring to the names of those forces or the participants in the meeting.

This is the first statement of its kind issued in the name of the “national forces objecting to the election results,” but the majority of Shiite forces oppose the preliminary results, with the exception of the “Sadr bloc,” which came first by obtaining 73 seats out of 329.

The statement said that “the attendees discussed the events and facts that prove the existence of a major defect in the announced results and the political and social tensions that led to it.”

He explained that “the gathered forces agreed to confirm their rejection of the announced results and their rejection of the commission’s selective method in dealing with legal challenges.”

The forces also demanded, according to the statement, “to seriously consider all the appeals submitted to them and to conduct comprehensive manual counting and sorting for all stations with complete transparency and to correct the errors that accompanied the process of counting and announcing the votes.”

The statement indicated that “the meeting called on the President of the Republic, Barham Salih, to intervene as a protector of the constitution to prevent events from heading towards something more dangerous.”

Butterfly   Among the most prominent objectors to the election results is the “Al-Fateh” alliance, which is a political umbrella for influential Shiite factions linked to Iran, after losing many seats, in addition to the “state forces” coalition led by the leader of the wisdom movement Ammar al-Hakim and former Prime Minister Haider al-Abadi.

The Shiite forces objecting to the results had warned last week that proceeding with these results “threatens civil peace in the country,” which raised fears of the possibility of an outbreak of internal fighting in the country.

According to the preliminary results, the “Sadr bloc” affiliated with Shiite leader Muqtada al-Sadr came first with 73 seats out of 329, while the “Progress” bloc, led by the dissolved Parliament Speaker Muhammad al-Halbousi (Sunni), won 38 seats, and in third place came the bloc of State of Law, led by former Prime Minister Nuri al-Maliki, won 34 seats.  rawabetcenter.com

 

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