Tues. AM TNT News Articles 8-3-21



Al-Kazemi announces, in a tweet, the launch of the signal to start the reform white paper

Prime Minister Mustafa Al-Kazemi announced the start of the administrative and executive procedures for the reform white paper.

And he said in a tweet: We promised that reform would be Iraq’s road map for the next stages, and we kept our promise despite the challenges.

Al-Kazemi added: The white paper is a strategy for a prosperous, modern, productive Iraq that invests its enormous potential and human energies.. It fights corruption and stops waste    link

Al-Kazemi invites the Emir of Kuwait to attend the Neighboring Countries Conference in Baghdad 

The Minister of Planning, Khaled Battal Al-Najm, arrived on Tuesday, August 3, 2021, to the .State of Kuwait on an official visit, during which he will meet with Prince Nawaf Al-Ahmad Al-Sabah

The media of the Ministry of Planning stated, in a statement received by “The Obelisk” that the minister is carrying a written message from Prime Minister Mustafa Al-Kazemi, to the Emir of the State of Kuwait, that includes the Emir’s invitation to attend the Iraqi Neighboring Countries Conference, which will be held in Baghdad before the . .end of this month, with high-level European participation

The statement added that the visit will also include holding a number of bilateral meetings with Kuwaiti officials, to discuss and discuss a number of files of common interest in a way that contributes to strengthening bilateral .relations between the two countries    link

The financial surplus in the budget… an opportunity that will not be repeated and fears of exploiting it for narrow benefits

Experts and specialists in financial and economic affairs indicated that the financial surplus obtained from the difference in the price of a barrel of oil estimated within the budget from the current real price in global markets, it is possible to benefit from it in many sections, despite the fear of some of the doors that will be directed

At the same time, he called on the Parliament of Integrity and the Office of Financial Supervision to follow up on the file of spending the financial surplus after the rise in the price of a barrel of oil globally, an economist pointed out the importance of exploiting the financial surplus in the best way because it is an opportunity that does not happen every time.

An invitation to follow up financial surplus, a

Member of the Parliamentary Finance Committee, Abdel Hadi Mohan El SaadawiHe called on the Integrity Commission and the Financial Supervision Bureau to follow up on the file of spending the financial surplus after the rise in the price of a barrel of oil globally, where it was spent, and also to investigate the extent of the region’s commitment Kurdistan The items imposed on him in the budget in return for the money sent to him from the federal government.

Al-Saadawi said in an interview with Alsumaria News, “There is an article in the 2021 budget that referred to a mechanism for dealing with the surplus of the oil price difference between what is estimated in the budget and what is actually in global markets,” noting that “the article obligated the government to transfer these differences into three sections: The Petrodollar Fund, the Provincial Reconstruction Fund, and filling the budget deficit

Al-Saadawi added, “The reality on the ground until this moment indicates that most governorates’ budgets have not been fully spent, in addition to the fact that a large percentage of farmers’ dues for previous years and the current year have not been disbursed either, and it seems that the only concern forMinistry of Finance It is a solution to the regional crisis Kurdistan As it seeks to send amounts as a second payment to the region, although until this moment it has not fulfilled its obligations included in the budget,” noting that “the state of paralysis experienced by Parliament and what has been enacted within the budget to grant legitimacy to the region’s oil exports are all matters that make Parliament responsible as well. About what is going on today.

He added, “The differences in the amounts between the global oil price difference are very large amounts, but until this moment it is not known to us officially where it was spent,” calling on the Integrity Commission and the Financial Supervision Bureau “to follow up on the file of the difference in the amount of the financial surplus after the rise in the global oil price, where it was spent, as well as the investigation The extent of the province’s commitment KurdistanWith the items imposed on him in the budget in return for the money that is sent to him from the federal government.” The economist Bassem

An opportunity that does not happen every time

Antoine beautifulHe pointed out the importance of exploiting the financial surplus in the best way, as it is an opportunity that does not happen every time.

Jamil said in a press interview, “The first stage of dealing with the financial surplus as a result of the rise in global oil prices above the estimated price in the budget is towards filling the budget deficit of 28 trillion dinars,” noting that “the second chapter is through the payment of some external and internal debts. Being an important point, especially the private sector that is crediting the government with billions of dinars by handing over these amounts to them after verifying their validity in order to create and sustain new job opportunities

Jamil added, “The remaining surplus should be invested to launch and create new investment projects, or to complete the stalled projects and revive them again in order to create opportunities for unemployed youth in order to advance this important sector,” link

Oil expert: The withdrawal of international companies from the fields is in the interest of Iraq

The oil expert, Hamza Al-Jawahiri, considered, on Tuesday, the withdrawal of companies from the oil fields; It is in the interest of Iraq.

Al-Jawahiri said in an interview with Shafak News Agency; “The contracts that were signed within the oil licensing rounds stipulate that the total number of people working in these companies should be at least 70 percent of the Iraqis,” noting that “many companies employed between 80 to 90 percent of the Iraqis in these fields.” “.

He added, “These Iraqis worked in these companies for more than 10 years, and thus gained long experience and were able to manage these fields even without the help of international companies, as is the case in Majnoon field when Shell withdrew from the field.”

Al-Jawahiri added; From an economic point of view, the withdrawal of these companies will greatly reduce the operational and capital costs of these companies, which were burdening Iraq’s budget, and therefore the withdrawal of these companies will be in the interest of Iraq, stressing that “the most prominent objections to licensing rounds are the duration of the investment contract for the field, which amounts to 20 years”.

It is noteworthy that a number of international companies, such as the Russian Lukoil and the American Exxon Mobil, notified Iraq of their desire to leave the oil fields and sell their shares to other companies, while Oil Minister Ihsan Abdul-Jabbar attributed this to the inappropriate investment climate in Iraq.


Source: Dinar Recaps


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