Thurs. AM TNT News Articles 11-18-21

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TNT

Tishwash:
An important meeting between Al-Kazemi, Saleh and Zidane – Urgent

Today, Thursday, the President of the Republic, Barham Salih, hosted a meeting at Baghdad Palace that included Prime Minister Mustafa Al-Kazemi and the President of the Supreme Judicial Council, Judge Faiq Zaidan, which dealt with the latest developments in the country, political developments and the legislative elections that took place last October 10

According to a statement by the media office of the President of the Republic received by Alsumaria News, the attendees stressed the need to enhance security and stability in the country, enhance civil and societal peace, unite ranks, dialogue and convergence, protect the democratic path, adhere to legal and constitutional contexts, and joint efforts to meet the aspirations of citizens and improve living and service conditions

The meeting indicated the need to resolve electoral complaints and appeals in accordance with the law, and to consider this as a basis for addressing issues related to elections, emphasizing the highest levels of care, professionalism and impartiality in resolving them, in a manner that enhances confidence in the electoral process and that the election outcomes are legal and constitutional

The meeting discussed an initiative to be presented to the national forces based on a document that includes basic principles for resolving the current crisis and moving towards the national benefits that await the country, by forming an effective government that protects the higher interests of the country and responds to national challenges and entitlements, meets the free and dignified life of citizens and promotes economic and social development, according to the statement   link

Iraq seeks to attract new investments for the oil and energy sector

Oil Minister Ihsan Abdul-Jabbar Ismail stressed on Thursday the importance of attracting new investments to the oil and energy sector in Iraq, especially projects that achieve sustainable development for Iraq and clean energy.

The minister’s statement came during his participation in the conference and exhibition ADIPEC in Abu Dhabi.

Ismail said that the oil sector needs more investments, financing and modern technology that supports the oil industry and clean energy, and contributes to its advancement, pointing to the need to provide the appropriate investment environment and the cooperation of all concerned parties in this, to provide greater opportunities for work and development and to conclude agreements with international companies Sober.

He added that our participation in this global forum, which brings together international companies and investors, is an opportunity to hold meetings and serious discussions with them, and that the oil and energy sector in Iraq is receiving great interest from everyone.

Iraq will participate in the ADIPEC Conference and Exhibition with a large delegation representing the sectors of extraction, refining, gas, clean energy and training. As well as a pavilion in the exhibition representing the Ministry of Oil and oil companies   link

Brazil resorts to Iraqi gasoline to remedy a potential crisis

On Thursday, Brazil announced its intention to purchase gasoline from three Arab countries, including Iraq, during the current month of October, to remedy a potential crisis.

The Arabic-speaking Brazil News Agency said, in a report seen by “Economy News”, that Brazil will resort to importing gasoline and diesel for the current month of November from three Arab countries, including Iraq, attributing this to the inability of the state-owned Petrobras to meet all domestic demand and to avoid a fuel crisis. potential.

She explained that Brazil may resort to increasing its fuel imports during the month of November to avoid falling into a fuel crisis at the local level.

She added that the sector received this warning after the Brazilian state oil company Petrobras announced its inability to meet the full demand for gasoline and diesel for the current month, which exceeds its ability to supply by 10% and 20% for both substances, respectively.

She indicated that although Brazil is self-sufficient in the oil sector, it exports crude oil and imports some derivatives such as gasoline and diesel, explaining that about 80% of the domestic consumption of oil derivatives is provided by national refineries, which are mostly owned by Petrobras. The rest (20%) shall be handled by importers.

She pointed out that among the exporters of petroleum products to Brazil are some Arab countries such as Saudi Arabia, Algeria and Iraq.

Last October, Petrobras announced the possibility of relying on importing companies to meet the additional demand for derivatives.

In a statement issued by the director of the “Brazilian Center for Infrastructure”, Pedro Rodriguez, he confirmed: “We will witness an increase in the volume of imports.”

However, there is resistance from the market not to comply with this option, as fuel prices in other countries are high and have reached levels that exceed the average in Brazil   link

Source: Dinar Recaps

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