Sun. AM TNT News Articles 3-6-22



Iraq: Three political blocs agreed to pass the presidents of the republic and the ministers in one deal

The Kurdish Barzani’s hopes of passing their candidate for the presidency of the republic revived after the Iraqi parliament reopened the door for candidacy again For the position of President of the Republic in light of the decision of the Federal Court.

The two main contenders for the presidency became Kurds, one of whom is the current president, Barham Salih, of the Kurdish Patriotic Union Party. The second is Reber Ahmed, the candidate of the Kurdistan Democratic Party.

The Kurdish Democrat said that his candidate is supported by the Kurdish Tripartite Alliance, al-Sadr al-Halbousi, in a clear indication of the presence of Agreement to pass a candidate Barzani to the presidency.

Behind the scenes, the leader of the Sadrist movement, Muqtada al-Sadr, asked Barzani to replace his cousin, Reber Ahmed, as a leader Another member of the Democratic Party, al-Sadr justified his request with three reasons:

First: Reaper is unknown to the Iraqi people, and it is difficult to choose a president who is not known or known to the Iraqis .

Second: Barzani’s candidate does not speak Arabic well in a way that helps him conduct dialogues with officials Arabs or Iraqis smoothly.

Third: He is from the Barzani family, which gives an impression of the political families’ monopoly on important and sovereign positions in Iraq .

Political sources in Baghdad say that the name of the Kurdish politician Fadel Mirani, secretary of the Kurdistan Democratic Party, is on the table In the political corridors instead of Reber Ahmed, but Barzani still clings to his cousin.

On the other hand, sources in the Legal Committee of the Iraqi Parliament said that the door to candidacy for the post of President of the Republic It will be closed within three days, and the presidential election session will be held early next week.

Sources in Parliament say that the tripartite alliance, which includes the Kurds represented by Barzani’s party, and the Sunnis, by the Sovereignty Alliance And the Shiites, represented by the Sadrist movement, will pass the President of the Republic and the Prime Minister during one session, indicating that the leaders of the coalition The trio agreed on the presidents of the republic and the ministers, but decided not to announce them until the decisive session was held   link

Iraq exports more than 7 million barrels of oil to America in a month

Economy News _ Baghdad

Today, Sunday, the US Energy Information Administration announced that Iraq’s oil exports to America amounted to more than 7 million barrels in the month of February.

And the administration said in a table seen by “Economy News”, that “Iraq exported 7.224 million barrels of crude oil to America during the month of February, at a rate of 258 thousand barrels per day,” down from January, in which Iraqi oil exports to America amounted to 10,044. Millions of barrels, at a rate of 324,000 barrels per day.

He added, “Iraq exported crude oil to America during the first week of February at a rate of 226 thousand barrels per day, while an average of 225 thousand barrels per day was issued in the second week, and an average of 285,000 barrels per day was issued in the third week,” noting that “the fourth week’s exports amounted to 295,000 barrels per day.

The US Energy Information Administration stated that “Iraq ranked fifth in its exports to America during the past month after Canada, Mexico, Saudi Arabia and Colombia, and the second Arab country after Saudi Arabia, whose exports to America reached 10 million, and 584,000 barrels per day,” noting that “Canada ranked in the rank The first as the most oil-exporting country to America, followed by Mexico.”

On Friday, the Iraqi Oil Marketing Company “SOMO” announced that the rate of oil exports and revenues last February was the highest in two years.

The company said in a statement, that Iraq achieved the highest export rate during the month of February last two years, at a rate of 3.314 million barrels per day, and an increase of 112,000 barrels per day over last month.

The company added that Iraq also achieved “the highest financial revenues since 2014 at an amount of 8.54 billion dollars through the Oil Marketing Company (SOMO) exporting all available quantity for export of Basra and Kirkuk crude oil.

The statement added that it is hoped that the revenues of the current month of March will be higher than last February, based on the current market data.

The world’s gold reserves are declining, and Iraq maintains its position

Economy News _ Baghdad

Today, Sunday, the World Gold Council announced a decline in the world’s reserves of gold after the central banks of countries sold quantities of it within one month, while Iraq maintained its global position.

The council said in its latest schedule for the month of March of 2022, which was reviewed by “Economy News”, that “the global reserves of gold decreased by 12 tons as a result of the central banks selling quantities of it,” noting that “the bulk of the decline resulted from large sales operations from Kazakhstan ( 17 tons), while Russia (3 tons), Poland sold two tons, Uzbekistan one ton, and Mongolia one ton.

He added, “The total purchases amounted to less than 13 tons, as Turkey bought (10 tons), India also bought one ton, Qatar (0.7 tons) and Ireland (0.5 tons).”

The Council noted that “Iraq maintained its global position as 39 out of the 100 countries listed in the table with the largest gold reserves, reaching 96.4 tons of gold, which represents 8.8% of the rest of its other reserves.”

He explained that “the five Arab countries in the table did not purchase any amount of gold during this month, so that Iraq maintains its fifth rank in the Arab world after Saudi Arabia, Lebanon, Algeria and Libya,” noting that “the total possession of gold in the five Arab countries amounts to 996.5 tons.”

He pointed out that “the United States still ranks first among the countries of the world in possession of gold with 8,133 thousand tons, followed by Germany, 3,359 thousand tons, then Italy 2,451 thousand tons, while Suriname ranked 100, with 1.5 tons, preceded by Yemen, with 1.6 tons.” .

It is noteworthy that the World Gold Council, which is headquartered in the United Kingdom, has extensive experience and deep knowledge of the factors that cause market change, and its members consist of the largest and most advanced gold mining companies in the world.

Source: Dinar Recaps


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