Victory: The Silk Road Is An Alternative Strategic Plan For Oil
Politician Last update 02/16/2022 | 6:01 pm information/special A member of the Victory Coalition, Aqeel Al-Redini, confirmed, on Wednesday, that the Silk Road project is the best alternative to oil in the future
Al-Rudaini said, in a statement to the “Information” agency, that “Iraq is the shortest road linking the east to the west, and the passage of the Silk Road through it will provide Iraq with new financial resources that will suffice it from oil and the danger of running out of it and dispensing with it.
He added that “the Silk Road provides great financial resources to Iraq, job opportunities per thousand, and the elimination of unemployment significantly.”
And he indicated that “the Hariri project is the beginning of a new strategic plan to build a strong Iraqi economy that does not depend primarily on oil, but on other resources to protect it from the danger of running out of oil and not needing it in the future.”
A member of the Al-Fateh Alliance, Ali Hussein Al-Fatlawi, revealed, earlier, the existence of US-Gulf plans trying to obstruct Iraq’s link to the Silk Road Economic Project. LINK
The Iraqi Judiciary Orders The Kurdistan Region To Hand Over All Of Its Oil Production To Baghdad
The decision remains threatened not to be implemented in light of a years-old dispute between the two parties (AFP) Wednesday 16 February 2022 6:23 The region’s oil exports have been a subject of frequent controversy over the past years (AFP)
On Tuesday, the Supreme Federal Court of Iraq, the highest judicial authority in the country, issued an order obligating the Kurdistan Regional Government to hand over all oil produced on its lands to the central government.
The court’s decision remains threatened not to be implemented in light of a dispute dating back years over oil resources between the federal government and the Kurdistan region, which includes three provinces and has been autonomous since 1991.
And the court’s decision stated, “obligating the regional government to hand over all oil production from the oil fields in the Kurdistan region (…) to the federal government represented by the Federal Ministry of Oil.”
The ruling, which was published on the court’s website, also included “obligating the Kurdistan Regional Government to enable the Iraqi Ministry of Oil and the Federal Financial Supervision Bureau to review all oil contracts concluded with the Kurdistan Regional Government regarding the export and sale of oil and gas.”
Iraq’s exports, which is the second largest oil exporter in the Organization of “OPEC”, amount to about 3.5 million barrels per day, and its financial imports represent 90 percent of the country’s budget.
The Kurdistan region had pledged to deliver 250 thousand barrels of its daily production, which exceeds 400 thousand barrels, to the central government through the Ministry of Oil, in exchange for receiving the salaries of Kurdish officials and Peshmerga fighters, the armed forces of the region.
The region’s oil exports have been the subject of frequent controversy over the past years, with Baghdad demanding that all of the country’s oil exports be subject to the supervision of the Central Government’s Oil Ministry.
The Iraqi authorities have repeatedly criticized Turkey for allowing the region’s oil to be delivered and refining in 2012 and for allowing the region’s oil to be exported to global markets in 2014.
In a move that escalated the differences between Baghdad and Erbil, the Kurdistan region organized a referendum on independence from the rest of Iraq in 2017. This raised fears of an armed conflict between the two sides at that time. LINK
Kurdish Activist: The Ruling Families Deduct 65 Dollars From Each Barrel And Deposit It In Their Account
Economic Last update 02/16/2022 | The Information/Baghdad… The Kurdish activist Mahmoud Yassin Kurdi accused, on Wednesday, the ruling families in the Kurdistan region of stealing large sums of money and depositing them in their accounts in Europe.
In a tweet on Twitter, which was seen by the “Information” agency, Kurdi said, “In the past seven months, with oil prices rising to more than $90, but the Kurdistan Region’s oil revenues were only $350 million.”
He added, “These numbers mean that each barrel of oil goes from only $25 to employee salaries, and the rest goes to European banks in the families’ account.
That’s why they want to turn the decision of the Federal Court to the issue of nationalism!”
And the Federal Supreme Court announced, yesterday, Tuesday, that it is not possible for the Kurdistan region to export oil and to hand over the previous proceeds to the Federal Sumo Company, as well as the invalidity of the oil and gas law in the region. LINK
The Central Bank Of Iraq Participates In The Construction, Reconstruction, Investment And Renewable Energy Exhibitions In Najaf
February 16, 2022 The Central Bank of Iraq participates in the construction, reconstruction, investment and renewable energy exhibitions in Najaf
The Central Bank of Iraq participated in the International Building, Reconstruction and Investment Exhibition 2022 and the Renewable Energy Exhibition, which was held by the Najaf Governorate.
The Deputy Governor of the Central Bank said: “The development opportunities in Iraq have been enhanced by the initiatives of the Central Bank of Iraq, including the initiative to finance the purchase of electricity generation units from renewable energy.
The Central Bank has become a major driver for pulling the development locomotive in Iraq and closing the financing gap created by the country’s conditions since 2014.”.
The delegation explained the mechanisms of the Central Bank’s initiatives and the employment opportunities that they created in Iraq. Central Bank of Iraq information Office LINK
The Governor Of The Central Bank Receives The Jordanian Minister Of Digital Economy And Entrepreneurship
February 16, 2022 During the meeting, they discussed strengthening relations between the two countries in the field of digital banking and promoting e-commerce and digital financial transactions.
His Excellency the Governor welcomed the guest delegation, praising the Iraqi-Jordanian relations, and the great development they have reached during the past years.
His Excellency said: The relationship between the Central Bank and the communications and information technology companies has become stronger as a result of the great acceleration witnessed in the fields of digital banking and electronic payment, explaining that “we need to benefit from the digital experience in Jordan and maintain the connection, especially in light of the historical and economic relationship that binds the two countries.”
In turn, His Excellency the Jordanian Minister of Digital Economy and Entrepreneurship, Mr. Ahmed Hanandeh, praised the achievements made by the Central Bank of Iraq during the past period,
declaring his desire to achieve integration in the financial field between the two countries and to strengthen banking partnerships, which can be positively reflected on both parties, especially the community Iraqiya in Amman, stressing Jordan’s readiness to provide all possible support to the Iraqi banking sector in the field of digital services.
In conclusion, His Excellency the Minister invited His Excellency the Governor to visit Jordan to complete the frameworks of cooperation and learn about the Jordanian experience.
For his part, His Excellency the Governor welcomed the invitation, and promised to meet it at the earliest opportunity. Central Bank of Iraq information Office 16 February 2022 LINK
The Federal Court Issues A Ruling That The Oil And Gas Law In The Kurdistan Regional Government Is Unconstitutional
Economic Last update 02/15/2022 | 1:46 pm The Information/Baghdad…Today, Tuesday, the Federal Court issued a ruling that the oil and gas law in the Kurdistan Regional Government is unconstitutional.
And the official Iraqi News Agency (INA) stated in a news item seen by “The Information”, that “the Federal Court decided to rule that the oil and gas law in the Kurdistan Regional Government is unconstitutional.”
And she added, “The court decided to oblige the Kurdistan region to hand over oil to the federal government.”
It is noteworthy that the Federal Court held, earlier today, a hearing of the case (59 federal) regarding the export of oil in the region outside the approval of the federal government. LINK
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