Iraqi News Wednesday Evening 6-22-22
TLM724 Administrator BondLady’s Corner
The Industry Announces The Production Of Silicon Materials For Alternative Energy Supplies And Electronic Devices
Economie 06-21-2022, 21:49 Baghdad – INA – Nassar Al-Hajj The Ministry of Industry and Minerals announced today, Tuesday, the production of silicon materials that are used in alternative energy products and electronic devices, while revealing the volume of processing the products of the Mining Industries Company within one year.
The ministry’s media center told the Iraqi News Agency (INA), that “the implemented plans of the ministry encourage mineral investment to create products that are used in various industries, which resulted in a number of contracts with investing companies to produce salt of all kinds, including filtered salt, industrial salt, and table salt, in addition to Investing in new production lines to produce chlorine, hypochlorites and other products.
He added, “Al-Furat General Company has supplemented the production line of the Mining Industries Company with (14) thousand tons of industrial salt as a raw material for the production of chlorine, which formed a clear complementary picture between the ministry’s companies.” He added,
“In cooperation with the security forces, some iron dust quarries have been secured, as
production will start soon to supply the Iraqi cement factories with the iron oxides they need to form an integrated industrial extension whose links were previously separate,” noting that
“our cadres are currently working on benefiting from the experience.”
The pioneering experience that took place in the Mining Industries Company, and
it successfully bore fruit for the production of ferro silicon as a leading mining industry.” He added,
“The silicon industries witnessed a leap in quantity and quality,
which are used in alternative energy requirements and also in the field of various electronic devices,” noting that
“this encouraged the ministry to prepare an extensive study that will see the light in the coming weeks to attract solid international companies with the aim of producing more than 18 silicon materials.”.
And regarding the processing of the products of the Mining Industries Company, the office stated that
“the volume of processing of our company’s products for the Iraqi industrial sector or the construction sector, during a period of one year, amounted to about 10 billion dinars, in addition to
supplying the southern fertilizers with water treatment and filtering materials,” stressing
“the success of our company in the production of aluminum shell inside in different construction industries.
Industrial Development: Facilities To Attract Investors And Measures To Prevent Manipulation Of Local Commodity Prices
Investigations and Reports Yesterday, 13:10
Baghdad – conscious – Muhammad Salim Photography – Hussein Ammar
The Industrial Development Department of the Ministry of Industry announced today, Wednesday, the establishment of 426 laboratories in one year, and while it indicated that advanced rates of achievement were achieved in the establishment of industrial cities in four governorates,
it confirmed the success of implementing the product protection decision. the local.
The Director General of the Department, Aziz Nazim, said in an interview with the Iraqi News Agency (INA), that “the mechanism that has been developed in the government curriculum under this government is to grant the largest possible number of industrial project licenses,” noting that
“the establishment stage is a first stage and coordination must be made.” with other sectoral bodies to prepare the rest of the matters.”
He added, “A plan has been drawn up by the industry to support the investor,” noting that
“the fruit of these plans will collide with other political, security, societal and bureaucratic issues, and we are ready to remove all these obstacles.”
and speaking of industrial cities, the Director General of Industrial Development explained that
“the basic idea of establishing industrial cities is to eliminate the random spread of laboratories and gather them in one place to facilitate the issue of the work environment and the formation of a single industrial community,” noting that
“the Ministry of Industry adopted this issue through Law No. 2 of 2019 establishing a special authority for industrial cities.
He continued, “These cities are distributed among all governorates, and they have been started and advanced stages have been reached in the governorates of Dhi Qar, Basra, Anbar and Nineveh, and a plot of 600 dunums has been prepared for the establishment of an industrial city in Najaf as well as Wasit governorate, and it will be in all governorates as well.” That
“Iraqi industry is moving towards industrial cities.”
The Iraqi industry,
Nazim confirmed, that “there is a clear advancement of the Iraqi industry in its various sectors, and
this is recorded according to accurate numbers and statistics,” stressing that
“the pace of projects is on the rise. One of 426 factory projects, and these numbers are good, but not at the level of ambition.”
He continued, “The private sector absorbs more workers annually than the state absorbs in the public sector.”
The protection of the national product,
Nazim pointed out that “the issue of product protection comes to the basic degree to protect the interest of the citizen and achieve the interest of the industrialists,” noting that
“in the event that local goods are monopolized and their prices tampered with by some factories will cause harm to the citizen, here the Ministry has another opinion, which is to open import to mitigate from the impact of prices on the citizen.”
He explained, “There are many industries that succeeded after implementing the Product Protection Law, including the cement industries as well as the juice industry, and this applies to the public and private sectors, as those factories started production and covered local needs at competitive prices.”
The General Directorate of Industrial Development is one of the formations of the Ministry of Industry and Minerals, through which the state exercises care and directs industrial activity for the private and mixed sectors, and provides means of support for it and promotes the opportunities and aspects of Iraqi investments as required by the economic conditions of the country and within the general framework of state directives, and through its implementation of the provisions of the law Industrial Investment No. (20) of 1998 and its amendments.
The directorate aims to build a developed industrial base in Iraq
based on the foundations of modern technological industrial principles with the need to preserve the safety of the environment and provide the best services to Iraqi industrialists and investors and
provide the necessary advice and support for the success of their projects and
ensure their sustainability through the application of the provisions of the Industrial Investment Law for the Mixed and Private Sectors No. (20) For the year 1998 and its effective amendments and approval of the five-year plan 2014-2018. https://www.ina.iq/159085–.html
An Expert Explains The Percentage Of The Industry’s Contribution To Local Production .. “Very Small”
Economic Last update 06/22/2022 | 8:16 pm information / special Today, Wednesday, the economic expert, Nabil Al-Ali, explained the percentage of industry’s contribution to the performance of the Iraqi public sector after 2003,
while confirming the existence of suspicions about the benefit of some parties and politicians from the absence of industries and goods in the country.
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Al-Ali told “The Information”, “The Iraqi industry before 2003, its activity was based on the performance of the Iraqi public sector, while the thousands of small workshops and factories did not constitute a great developmental importance,” pointing out that
“the contribution of the industrial sector today is low and may reach 2- 3% of the gross domestic product.
He added, “The Iraqi public sector witnessed development during the seventies and eighties, but its deterioration began evident during the nineties due to economic sanctions,” noting that
“the security and political conditions after 2003 did not enable governments to pay attention to the industrial sector.”
The economic expert explained that “it is not logical to accuse politicians of targeting the Iraqi industry,
but there are suspicions about the benefit of some political parties and personalities from the absence of some industries and goods for reasons related to their control over the supply of some goods inside Iraq.”
And Al-Ali indicated that “many reasons stand stumbling blocks to the development of the Iraqi industry, and
most of them fall within the responsibilities of the political decision-maker in creating investment conditions, legislation and other matters.” Ended / 25 R. https://almaalomah.me/2022/06/22/604937/
The World Bank Warns: The Doors Of The World Will Be Closed In The Face Of Iraqi Oil
Economic 2022/06/22 | 9:46 am The Information/Baghdad.. The World Bank warned of the risks of climate impacts on Iraq, from an economic point of view, and while
it called for “structural” reforms and for the formation of an Iraqi government,
it stressed that the doors of the world will be closed to Iraqi oil if this economic approach continues.
The Special Representative of the Bank in Iraq, Ramzi Noaman, said in an interview followed by “The Information”, that
“economic reform must converge and harmonize with looking at the climatic effects in the country.”
He added that Iraq is an oil country par excellence and depends on oil for its economy, while
the world has begun “to place restrictions on crude oil,” stressing that
“if these restrictions are placed on oil and on oil exports, Iraq must take (reform) steps, otherwise global markets will become closed to Iraqi oil.
He explained, that Iraq is on the verge of “a crisis that may be the most dangerous,” which is the climate impacts crisis, “and
how can the Iraqi economy adapt to these climatic effects in accordance with the development plans set by the government, and
how is the process of gradual transition towards a clean economy with the financial consequences that follow.” economic and human capital.
Noman pointed to the climatic changes that Iraq is going through, stressing that
they “affected the quality and quality of the available water,
which negatively affected agricultural lands,
increased desertification rates, and
prompted the migration of citizens from the countryside to the city.”
The World Bank official said that the climate also had an “impact on food security” in the country, as food and agricultural production declined,
which had consequences “currently caused by the rise in commodity prices at the global level and also because of the Ukraine crisis, which was considered one of the most important sources of food in the world.”“.
Noman pointed out that the World Bank sees that Iraq is currently going through a period of growth, after reaching 11 percent in 2021, compared to stagnation in 2020 due to low oil prices and a decrease in economic activity due to Covid-19, noting that
“while things are going better with Increasing oil revenues, the structural crises that afflicted the Iraqi economy previously are still present, and
therefore the risks remain for the economy even with the rise in oil revenues.”
He stressed the importance of “looking at reforms at this stage and that the
government should look at reform in an integrated way”, taking into account the importance of
“addressing the social crises that may arise as a result of some of these steps, and it is necessary to work on
approaching them in a way that prevents the occurrence of the most vulnerable groups by increasing poverty and increasing The unemployment”.
He continued, “Iraq has gone through multiple crises as a result of the drop in oil prices,” stressing that
“the World Bank has repeatedly spoken about the
importance of economic diversification and the
importance of looking at non-oil sectors that can be invested in to
create job opportunities and
open the way for investment, especially investments from the private sector.”“.
Noaman pointed to a decline in services, an increase in poverty rates, and an increase in regional differences between the different governorates, stressing that
“in a society 60 percent of it is under thirty years old and there is a population increase, it is very important to take into account the availability of resources.” He added that “the increase in the population at a time when food is lacking as a result of low agricultural work and the high prices of food commodities in the world and their shortage in some places puts us in front of a dilemma that manifests itself seriously, which is the issue of food security, and this is a national danger.” He added:
“Iraq is facing a reality that is reflected in that the largest percentage of spending is on salaries and pensions, in the absence of the investment aspect that allows creating job opportunities.” End / 25 D
The General Secretariat Determines The Work Mechanism Of The E-Governance Project
Wed, Jun 22 2022 7:04 PM National News Center/ Baghdad
Today, Wednesday, the General Secretariat of the Council of Ministers identified the work mechanism of the e-governance project, while clarifying the stages of its implementation.
The secretariat’s spokesman Haider Majid said, in a statement followed by the National News Center, that
“the e-governance project was carried out in several stages, the
first including the
project to link the General Secretariat of the Council of Ministers with all ministries and the
electronic document management project,” noting that
“the e-mail has now been circulated to more than Of the 75,000 documents between the General Secretariat of the Council of Ministers and the ministries.
He added, “The second phase includes
linking independent bodies and governorates with the program, as well as
launching the governance program (the National Bayan Center), which was established in the General Secretariat of the Council of Ministers, and
launching Ur electronic portal, which contains 90 electronic services to citizens.”
He pointed out that “this portal will facilitate the completion of transactions and eliminate corruption, bureaucracy and red tape.” https://nnciraq.com/136622/
SOMO: Positive Responses From Foreign Companies To Increase Iraqi Oil Sales In Europe
Economie Yesterday, 12:26 Baghdad – conscious – Nassar al-Hajj Today, Wednesday, the National Oil Marketing Company (SOMO) of the Ministry of Oil announced a
movement to increase Iraqi oil sales in the European market, while
indicating Iraq’s ability to cover the needs of this market.
And the director of the company, Alaa Khader Al-Yasiri, told the Iraqi News Agency (INA), that
“SOMO has effective contracts for the supply of oil with European companies with a total quantity of about 600 thousand barrels per day of Basra Medium, Basra Heavy and Kirkuk crude oil,” noting that
“these are Companies have a total liquidation capacity of about 60% of the total liquidation capacity in the continent of Europe.” He added that
“Sumo Company is constantly searching for available opportunities for marketing and approaching European companies that do not have contracts with them,” noting that
“it has recently received a number of positive responses from some companies that may lead to new contracts and lead to an increase in Iraqi oil sales in the European market.”. He pointed out that
“Iraq is able to cover the European market,” noting that
“the current situation in this market requires companies to find suitable oils that are not subject to international sanctions, as Basra crude oil is one of those suitable oils.” He added,
“The acidic average of Basra oil can feed European refineries, despite the difference in some quality specifications from the oils consumed in those refineries currently, which to some extent constitutes an obstacle to European buyers’ complete dependence on Iraqi oil.”
“In terms of the level of demand for crude oil in the European market, the total quantities received for this market of medium-sour oils reached the limits of (2.5) million barrels per day, and in light of the political tensions that afflict Europe, which may affect the supply of crude oil in the market.”
The European Union may have a deficit of up to one million barrels per day of medium-sour crude oil, and
this is an opportunity for Iraqi oil away from the Asian market, as it is a promising market in the long term,
which achieves a greater return for the Iraqi round and ensures the stability of demand for Iraqi oils. Al-Yasiri pointed out that
“Iraq is committed to the decisions of the Organization of the Petroleum Exporting Countries, which always aims to strive for the stability of global oil markets and the balance of supply and demand,” noting that
“any quantities that are allocated to a specific market are within the agreed production ceiling.” And he indicated that
“the Oil Marketing Company adopts a mechanism for the official price announced for all markets in selling quantities of oil, and this price is determined for each market and for each type of oil on a monthly basis according to the data and variables of the global oil markets, and this is a continuous context in which to work.”
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