Iraq Economic News and Points to Ponder Thursday AM 9-21-23

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Iraq Economic News and Points to Ponder Thursday AM 9-21-23

Expectations That The Oil And Gas Law Will Be Passed After The Local Elections

Iraq  09/21/2023   Baghdad: Haider Al-Jaber  The Oil and Gas Law can be called “the dean of deferred laws” in Iraq, as 15 years after it was presented in the House of Representatives, it continues to be postponed for political reasons that coincided with the crises that the political process was periodically exposed to, while the law, according to its draft, allows for production sharing agreements that It guarantees a profit to foreign oil companies, and the federal government distributes remaining oil revenues throughout the country on a per capita basis.

A member of the Parliamentary Oil and Gas Committee, Ali Al-Mashkoor, told Al-Sabah: The oil and gas law is the subject of disagreement between the federal government and the region, as both of them look at it from their own angles, noting that there are 11 controversial points regarding its articles that were drawn up by the federal government, and they need time to be resolved because they are… In the spirit of the law and interfere with its name.

He pointed out that one of the controversial points, according to the law, is the formation of the Oil and Gas Law Authority, which includes representatives of the producing governorates as well as the federal government and the region, and whose president is the Federal Minister of Oil, while the region wants the region’s Oil Minister to be his equal, expecting it to be passed after the scheduled local elections. Mid of next December.

Mashkoor explained that there are no two states in Iraq, but rather there is a federal government and a region, calling for the centralization of the law to take into account the rights of the provinces and the region, expressing his committee’s readiness to approve the law at any time.

It is noteworthy that the draft law allows production sharing agreements that guarantee a profit for foreign oil companies, while the central government distributes the remaining oil revenues throughout the country on a per capita basis, and allows governorates freedom to award exploration and production contracts.

For his part, parliamentary economics member Kazem Al-Fayyad expected, in his speech to “Al-Sabah”, that the passage of the law would contribute to a qualitative shift in the Iraqi economy, and would give better control to the federal government, and a more equitable distribution among the governorates, noting that most of the laws that are approved in the House of Representatives are mainly based on On how to deal with it and how to apply it.

 He explained that if the oil and gas law is applied correctly and according to what is stated in its text, the citizen will benefit from it, as oil revenues will be distributed fairly and equally, pointing out that the producing governorates that bear the consequences of oil extraction will benefit, as will the federal government, which will have greater freedom in contracting with companies. Companies will reduce restrictions, and the extraction and export file will be more controlled.

Al-Fayad stressed that the law is excellent, calling for its implementation without political pressure or external or internal interference, with the public interest prevailing.

Edited by: Adhraa Juma   https://alsabaah.iq/84416-.html

Expectations That The Oil And Gas Law Will Be Passed After The Local Elections

The first  09/21/2023   aider Al-Jaber   The Oil and Gas Law can be called “the dean of postponed laws” in Iraq. Fifteen years after it was presented in the House of Representatives, it continues to be postponed for political reasons that coincided with the crises that the political process was periodically exposed to, while the law, according to its draft, permits production sharing agreements that guarantee A profit for foreign oil companies, and the central government distributes the remaining oil revenues throughout the country on a share basis   The individual.

A member of the Parliamentary Oil and Gas Committee, Ali Al-Mashkoor, told Al-Sabah: The oil and gas law is the subject of disagreement between the federal government and the region, as both of them look at it from their own angles, noting that there are 11 controversial points regarding its articles that were drawn up by the federal government, and they need time to be resolved because they It pours into the spirit of the law and interferes with its name.

He pointed out that one of the controversial points, according to the law, is the formation of the Oil and Gas Law Authority, which includes representatives of the producing governorates in addition to the federal government and the region, and whose president is the Federal Minister of Oil, while the region wants the region’s Oil Minister to be an equal to him, expecting it to be passed after the scheduled local elections.

Mid of next December. Mashkoor explained that there are no two states in Iraq, but rather there is a federal government and a region, calling for the centralization of the law to take into account the rights of the provinces and the region.    https://alsabaah.iq/84404-.html

Expectations That The Oil And Gas Law Will Be Passed After The Local Elections

Energy   Economy News _ Baghdad   The Oil and Gas Law can be called “the dean of deferred laws” in Iraq, as 15 years after it was presented in the House of Representatives, it continues to be postponed for political reasons that coincided with the crises that the political process was periodically exposed to, while the law, according to its draft, allows for production sharing agreements that It guarantees a profit to foreign oil companies, and the federal government distributes remaining oil revenues throughout the country on a per capita basis.

Member of the Parliamentary Oil and Gas Committee, Ali Al-Mashkoor, said in an interview with Al-Sabah, followed by Al-Iqtisad News, that the oil and gas law is a subject of disagreement between the federal government and the region, as they both view it from their own angles, noting that there are 11 controversial points regarding its articles that were drawn up by the federal government. It takes time to solve it because it is in the spirit of the law and interferes with its name.

He pointed out that one of the controversial points, according to the law, is the formation of the Oil and Gas Law Authority, which includes representatives of the producing governorates as well as the federal government and the region, and whose president is the Federal Minister of Oil, while the region wants the region’s Oil Minister to be his equal, expecting it to be passed after the scheduled local elections. Mid of next December.

Mashkoor explained that there are no two states in Iraq, but rather there is a federal government and a region, calling for the centralization of the law to take into account the rights of the provinces and the region, expressing his committee’s readiness to approve the law at any time.

It is noteworthy that the draft law allows production sharing agreements that guarantee a profit for foreign oil companies, while the central government distributes the remaining oil revenues throughout the country on a per capita basis, and allows governorates freedom to award exploration and production contracts.

For his part, parliamentary economics member Kazem Al-Fayyad expected that the passage of the law would contribute to a qualitative shift in the Iraqi economy, and would give better control to the federal government and a more equitable distribution among the governorates, noting that most of the laws passed in the House of Representatives depend primarily on the way they are dealt with and the way they are implemented.

 He explained that if the oil and gas law is applied correctly and according to what is stated in its text, the citizen will benefit from it, as oil revenues will be distributed fairly and equally, pointing out that the producing governorates that bear the consequences of oil extraction will benefit, as will the federal government, which will have greater freedom in contracting with companies. Companies will reduce restrictions, and the extraction and export file will be more controlled.

Al-Fayad stressed that the law is excellent, calling for its implementation without political pressure or external or internal interference, with the public interest prevailing.

Views 58  Added 09/21/2023 https://economy-news.net/content.php?id=36505

Al-Sudani Meets With American Companies To Support Gas Investments In Iraq

money and business     Economy News – Baghdad   Iraqi Prime Minister Muhammad Shiaa Al-Sudani announced yesterday, Wednesday, that he will meet with dozens of American companies as part of efforts to boost investment in the gas sector.

Al-Sudani said in an interview with Bloomberg TV in New York: “My government is serious about investing in gas and in becoming an active and strong player in the market.”

Al-Sudani, who met US Secretary of State Anthony Blinken while he was in New York, said that the latter invited him to visit the White House, expressing his hope to do so by the end of this year.

Al-Sudani revealed that he met with American companies operating in the Kurdistan region of Iraq and wishing to move to the rest of the regions in his country, and that he intends to meet representatives of 31 other companies today. He indicated that his government also aspires to complete agreements with Emirati and Chinese companies, although he refused to give specific information in this regard.

Iraq aims to achieve self-sufficiency in gas production and export

Iraq is trying to reduce its dependence on Iran for obtaining gas, a measure that has become more difficult given that the harsh US sanctions on Iran make the payment process difficult. It is also spending billions of dollars to increase its gas production to avoid supply disruptions.

Al-Sudani stated that Iraq – the second largest oil producer in OPEC – wants to maintain stable oil prices “to ensure the interests of producers and consumers,” expecting the price of oil to not fall below a range ranging between 85 and 95 dollars per barrel.

He concluded: “Iraq is committed to achieving the voluntary goal that we agreed upon within OPEC.”

150 views   Added 09/21/2023 – https://economy-news.net/content.php?id=36516

In Numbers… Integrity Details The Money That Was Detected, Stopping Its Waste, And Returning It During The Month Of August

Political | 11:11 – 09/21/2023  Baghdad – Mawazine News  The Integrity Commission announced today, Thursday, the prevention of wasting more than 219 billion and 196 million dollars during last August.

https://www.mawazin.net/Details.aspx?jimare=235312

Politician: Al-Sudani Focuses On 3 Points During His Stay In New York

Information / Baghdad…  Political analyst Sabah Al-Ugaili said on Thursday that Prime Minister Muhammad Shiaa Al-Sudani has a set of important points that he will focus on during his presence in New York, the most important of which is the dollar issue, the relationship with Turkey, the water file, and Khor Abdullah.

Al-Ugaili told Al-Maalouma, “Al-Sudani has the most important issue in New York, as he is trying to emphasize this issue through his meetings with US Treasury officials. As for raising the issue of the American military presence, it is unlikely that Al-Sudani will raise it during his presence in the aforementioned city, as it provokes Washington.” “.

He added, “America is working to procrastinate, procrastinate, and evade its commitment to the Strategic Framework Agreement,” noting that “the American side announced that it will not leave Iraq.”

He stated that “Al-Sudani will focus on the dollar file, relations with Turkey, and the water file, as well as Khor Abdullah, as it will be present on Al-Sudani’s agenda during his presence in the United Nations General Assembly.” LINK

Al-Sudani Confirms Iraq’s Efforts To Pursue Strategic Relations With The United States

Time: 09/21/2023 Read: 806 times  {Politics: Al-Furat News} Prime Minister Muhammad Shiaa Al-Sudani stressed, today, Thursday, Iraq’s endeavor to pursue strategic relations with the United States, based on mutual interests and constructive economic partnership.

Al-Sudani’s office stated in a statement received by {Al-Furat News}, that “Prime Minister Muhammad Shia al-Sudani met in New York, after midnight on Wednesday (Baghdad time), with the US President’s special envoy to the Middle East and North Africa, Brett McGurk, on the sidelines of his participation in The 78th session of the United Nations General Assembly, and the meeting witnessed discussion of the overall relations between Iraq and the United States, and ways to strengthen and develop them at various levels and fields, in a way that serves the interests of the two friendly peoples.

The Prime Minister affirmed Iraq’s endeavor to pursue strategic relations with the United States, based on mutual interests and constructive economic partnership, indicating that the investment arena in Iraq is open for American companies to contribute to the reform and reconstruction plans of Iraqi infrastructure.

Al-Sudani also renewed his reference to the readiness of the Iraqi security forces, the advanced level of performance and integration of their formations in various categories, and their success in pursuing the terrorist remnants of ISIS, stressing the investment of the successful visit recently conducted by an Iraqi delegation headed by the Minister of Defense to Washington, and its discussion with the American side of the future relationship with the coalition. International fight against terrorism.

For his part, McGurk affirmed his country’s support for the success of the reform steps pursued by the government, and the United States’ continued provision of advice and training to Iraqi forces in their fight against ISIS, reiterating the American administration’s commitment to the Strategic Framework Agreement, and supporting the reforms undertaken by the government, in the economic fields, infrastructure reconstruction, and combating corruption. .   LINK

Points to Ponder From “Seat of the Soul”:

At each moment you choose the intentions that will shape your experiences and those things upon which you will focus your attention — If you choose unconsciously, you evolve unconsciously — If you choose consciously, you evolve consciously  

Every action, thought, and feeling is motivated by an intention — and that intention is a cause that exists as one with an effect — If  we participate in the cause – it is not possible for us not to participate in the effect — In this most profound way – we are held responsible for our every action , thought, and feeling, which is to say, for our every intention
 

Feel your intentions in your heart — Feel not what your mind tells you, but what your heart tells you 

Intuition is perception beyond the physical senses that is meant to assist you — It is that sensory system which operates without data from the five senses

What is behind our eyes holds more power that what is in front of them 

The decisions that you make and the actions that you take upon the Earth are the means by which you evolve

An angry personality will respond to the difficulties of it life with anger, and thereby bring into being the necessity of experiencing the results of anger —

A person who is angry, and yet reveres life, however — will respond very differently to the difficulties of his or her life than a person who is angry and has no reverence for Life