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Is It Possible To Pass The Oil And Gas Law Now? .. A Parliamentary Committee Answers
Political | 11:45 – 19/07/2021 l Baghdad – Mawazine News The Parliamentary Oil and Energy Committee revealed, on Monday, the extent to which it is possible to legislate the oil and gas law in the current parliamentary session.
Committee member Sattar al-Jabri said, in an interview with the official agency, that “the oil and gas law is one of the strategic laws and it is difficult to resolve it in the current session,” stressing that “it will be transferred to the next parliamentary session.”
Al-Jabri called for “making the law among the priorities of the next council, as it achieves social justice by distributing wealth to the people of the country without discrimination of components or regions.”
The Oil and Gas Law establishes a system for managing oil operations in Iraq, taking into account the existing international agreements between the Republic of Iraq and other countries regarding the transportation of crude oil.
It also aims to define the basis for cooperation between the concerned ministries in the federal government, as well as to establish a base for coordination and consultation between the federal authorities and the authorities of the oil-producing regions and governorates. https://www.mawazin.net/Details.aspx?jimare=161073
Goldman Sachs Expects The Price Of A Barrel Of Oil To Reach $ 80
Economy Monday 19 July 2021 | 02:10 PM| Number of readings: 114 The American investment bank, Goldman Sachs, said that the OPEC + agreement to increase oil supplies supports his view of crude prices and expects a slight “rise” to its expectations for the summer until Brent reaches $ 80 a barrel .
OPEC +, which includes the Organization of the Petroleum Exporting Countries, Russia and other producers, agreed on Sunday to increase oil supply from August to calm prices, which rose to their highest levels in two and a half years .
“The agreement included two notable focus points: a moderate increase in production that will keep the market in a deficit in the coming months, as well as guidance for increased capacity that will be required in the coming years in light of the growing investment shortfall, ” Goldman Sachs said.
He added, “The agreement is in line with his view that OPEC should focus on maintaining a scarce physical market all the time while directing it to increase future capabilities and discourage competing investments .”
Goldman pointed out that the OPEC + agreement represents an “upside” of two dollars per barrel, compared to 80 dollars per barrel in his expectations for the price of Brent crude in the summer, and an increase of five dollars to its expectations of 75 dollars per barrel for next year .
However, Goldman expects oil prices to fluctuate in the coming weeks due to risks from the delta strain and the slow pace of supply developments compared to the recent increase in mobility activity .
With most of the demand increase he predicted for the summer already in place, and with headwinds from the mutated delta strain of COVID-19 surging, Goldman said the impetus for the next round of price hikes is shifting from the demand side to the supply side, with the prospect of a lift in price forecasts in the coming months. .
Oil prices fell by more than $1 a barrel on Monday after the OPEC+ group of producers overcame internal divisions and agreed to increase production, raising concerns about oversupply amid a surge in COVID-19 cases. https://aynaliraqnews.com/index.php?aa=news&id22=149893
Oil Minister: Iraq Is Working To Create A Stable And Balanced Global Energy Economy
Oil Minister Ihsan Abdul-Jabbar, “Economy News” Energy Economy News – Baghdad Oil Minister Ihsan Abdul-Jabbar thanked members of the Organization of the Petroleum Exporting Countries and its allies for maintaining the stability of the oil market.
Abdul-Jabbar said, in a tweet on Twitter, “Thank you to all members of OPEC and its allies for their adherence to the unity of the position towards maintaining the stability of the oil market and the strength of prices.”
He added that “Iraq is working to create a stable and balanced global energy economy.”
Views 166 Date Added 07/19/2021 https://economy-news.net/content.php?id=25719
The House Of Representatives Decides To Transfer The Oil And Gas Law To The Next Session
Energy Economy News – Baghdad The Parliamentary Oil and Energy Committee decided, on Monday, to transfer the oil and gas law legislation to the next parliamentary session.
Committee member Sattar Al-Jabri said, “The oil and gas law is one of the strategic laws and it is difficult to resolve it in the current parliamentary session,” stressing that “it will be transferred to the next parliamentary session,” according to “conscious.”
Al-Jabri called for “making the law among the priorities of the next council, as it achieves social justice by distributing wealth to the people of the same country without discrimination of components or regions.”
The Oil and Gas Law establishes a system for managing oil operations in Iraq, taking into consideration the existing international agreements between the Republic of Iraq and other countries regarding the transportation of crude oil.
It also aims to define the basis for cooperation between the concerned ministries in the federal government, as well as to establish a base for coordination and consultation between the federal authorities and the authorities of the oil-producing regions and governorates.
Views 89 Date Added 07/19/2021 https://economy-news.net/content.php?id=25724
For The Year 2021.. Integrity Shows The Extent Of The Response Of The Three Presidencies And Officials To Disclosure Of Financial Disclosure
political| 01:43 – 07/19/2021 Baghdad – Mawazine News, the Federal Integrity Commission revealed, on Monday, the response position of those covered by submitting a financial disclosure form for the year 2021, for the three presidencies, in addition to ministries and agencies not affiliated with a ministry, the judiciary and the governors.
The Authority’s Prevention Department indicated in a statement received by Mawazine News a copy of it, that “the response rate of the presidents, ministers and representatives reached 100%, and the response rate of the heads of the Federal Supreme Court, the President of the Supreme Judicial Council, the President of the Federal Court of Cassation and the Chief Public Prosecutor also reached 100%.” .
The department added that “the response of the two representatives of the House of Representatives to the disclosure of the financial disclosure amounted to 100%, while the rate of the representatives’ response was 76.5%,” noting that “the response of the members of the Council of Ministers amounted to 100%, the members of the Federal Supreme Court 83.3%, and the members of the Court of Cassation. 100% of the federal government, while the response of judges included in the financial disclosure statement was 98.6%.
She explained that “the response of heads of bodies and agencies not associated with a ministry amounted to 87.5%, and the response rate of governors was 66.7 percent.”
It is noteworthy that the first amendment to the effective Law of the Authority No. (30 of 2011) indicated in Article (16/First/C) to oblige each of the (President and Deputy Prime Ministers, Ministers and those of their rank), as well as others who occupy one of the official positions and positions, to submit a statement about their financial liabilities. Ended 29/A 4 https://www.mawazin.net/Details.aspx?jimare=161084