More Iraqi News Thursday PM 3-3-22
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A Government Advisor Comments On The Rise In Oil Prices: Iraq Stands Before Two Options
Political | 03:34 – 03/03/2022 Special – Mawazine News, the economic advisor to the Prime Minister, Mazhar Muhammad Salih, spoke on Thursday about the significant rise in oil prices.
Saleh said in an exclusive interview with Mawazine News Agency, that the current financial exchange is calculated on the 2022 budget, and that this year no draft budget has been submitted so far so that the barrel price is changed according to the price hike.
He pointed out that any financial disposal of other revenues needs a law because the current exchange is within the Financial Administration Law 12/1.
Saleh added that Iraq has two options, either to issue the budget law quickly, or to issue debt laws. Ended 29/R77 https://www.mawazin.net/Details.aspx?jimare=186214
OPEC: Iraq’s Share Of Oil For The Month Of April Will Reach 4.414 Million Barrels
Energy Economy News _ Baghdad The Organization of the Petroleum Exporting Countries announced that the share of Iraq’s oil production will reach 4.414 million barrels per day during the month of next April, after the OPEC + agreement to increase 400 thousand barrels per day.
And the organization stated in its table, which was reviewed by Al-Iqtisad News, that “the production share for Iraq for the month of April was set at 4.414 million barrels per day, an increase of 44,000 barrels per day from the month of March, which amounted to 4.370 million barrels per day, and an increase of 89,000 barrels per day from last February. , indicating that “Iraq was the second largest producer in the organization after Saudi Arabia, and the third largest producer in OPEC + after Saudi Arabia and Russia.”
And she added, “The production of both Saudi Arabia and Russia was set at 10.436 million barrels per day, during the month of April, an increase of about 105 thousand barrels per day from the current month of March, and the UAE’s production share increased by 30 thousand barrels per day, to reach 3.006 million barrels per day during the month. next”.
She noted that “Kuwait set its production at 2,666 million barrels per day, and Algeria’s production at 1,735 million barrels per day.”
She noted that “the share of OPEC from the increase scheduled in March will amount to 255 thousand barrels to reach 25.316 million barrels per day, while the share of allied with OPEC will reach 145,000 barrels to reach 14.628 million barrels per day.”
And OPEC + agreed, during its meeting yesterday, Wednesday, to increase its oil production by more than 400 thousand barrels per day, according to the previously agreed schedule.
Oil prices continued to rise, today, Thursday, with Brent crude rising above 117 dollars a barrel, as it raised fears of trade disruption and shipping problems from Russian sanctions imposed on it due to the Ukraine crisis. LINK
Number of Views 170 Date Added 03/03/2022 https://economy-news.net/content.php?id=27258
Brent Crude Price Exceeds $119 Per Barrel
Economie| 10:46 – 03/03/2022 Follow-up – Mawazine News: Oil prices continue to rise since Russia invaded Ukraine, amid expectations that the market will remain in short supply for several months following the imposition of harsh sanctions on Moscow and the mass exit of investments by major companies from Russian oil assets.
Brent crude futures reached their peak near a 10-year high, at $119.3 a barrel in trading on Thursday, up $6.3, or 5.6%.
US West Texas Intermediate crude futures also achieved their highest level at $116.02 a barrel, up by $5.4, or 4.9%. Ended 29/N33 https://www.mawazin.net/Details.aspx?jimare=186198
The Stock Market Is Trading More Than 25 Billion Shares This Week
Iraq Stock Exchange Market Economy News – Baghdad During the first week of March 2022, the Iraq Stock Exchange organized four trading sessions from Monday 28/02/2022 to Thursday 03/03/2022, as the Sunday session was not organized because it coincided with an official holiday. During this week, the indicators are below :
. The number of shares traded this week reached more than (25) billion shares .
. The value of traded shares this week reached more than (16) billion dinars .
. The trading index closed in the market for the first session of the week at (596.21) points, while the index closed at (601.41) points at the end of the week, achieving an increase of (0.86%) from its closing in the first session .
During the week, more than (2000) purchase and sale contracts were executed on the shares of companies listed in the market. Views 95 Date Added 03/03/2022 LINK
Learn About The Exchange Rates Of The Dollar Against The Dinar
Economie| 10:21 – 03/03/2022 Baghdad – Mawazine News The dollar exchange rates witnessed, today, Thursday, a slight decrease in the local markets. The selling prices of the dollar were 147,250 dinars per 100 dollars, while the purchase prices of the dollar were 146750 dinars per 100 dollars. LINK
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