Sat. AM TNT News Articles 4-23-22



Iraq’s oil exports to the United States decreased to zero in the past week

Shafaq News / The Energy Information Administration (EIA) Data showed that Iraq did not export any oil to the United States in the past week.

EIA stated in a report, “U.S. imports oil 5.283 million bpd in the past week.”

The top three source countries for U.S. import oil are Canada (3.465 million bpd), Mexico (488 thousand bpd), and Saudi Arabia (255 thousand bpd). “

It indicated that “U.S. imports of crude oil from Iraq is 266 thousand bpd, Ecuador 211 thousand bpd, Nigeria 191 thousand bpd, and from Columbia 332 thousand bpd.”

Iraq is the second-largest crude oil producer in the Organization of the Petroleum Exporting Countries (OPEC) after Saudi Arabia. It holds the world’s fifth-largest proven crude oil reserves. In addition, most of Iraq’s major known fields–all of which are located onshore–are producing or are in development.

Iraqi Finance: The gains of high oil prices are 25 billion dollars after 6 months from now

Mubasher: Iraqi Finance Minister Ali Abdul Amir Allawi said today, Friday, that the gains from the rise in oil prices amount to $25 billion six months from now.

And the minister explained – in a speech on the sidelines of the spring meetings of the Bank and the International Monetary Fund in Washington, which was reported by the Iraqi News Agency (INA) – that work will be done to estimate the gains from the rise in oil and distribute them according to the need, either through the cash transfer or the food basket.

Allawi stressed the importance of the draft law on emergency support for food security submitted to the House of Representatives for legislation, in light of the rise in global commodity prices, which had an impact on the poor classes.

The minister stated that the emergency support bill is designed for specific purposes, in light of the rise in global commodity prices, explaining that Iraq receives the funds from the export of oil three months after the start of export shipments.

He stressed that the federal government in Baghdad has not received any payments from the Kurdistan region, although it is obligated to pay the revenues of oil exports, customs, fees and other taxes associated with the region, especially customs.

He pointed out that the federal government provided additional amounts to the Kurdistan region after its inability last year to pay the salaries of civil servants, stressing that it will continue until the accounts are settled between the Kurdistan Regional Government and the federal government.

The Americans will not be patient with the situation in Iraq forever.. Washington issues a strong position: they are concerned about the delay in forming the government!

The US Deputy Assistant Secretary of State for Iraq and Iran, Jennifer Gavito, stressed that the delay in forming the Iraqi government created an obstacle to developing strategic relations between the United States and Iraq.

Gavito said, in a press conference, that Washington “called on all parties to expedite the process of forming the new government,” noting that during her recent visit to Erbil she met the President of the Kurdistan Region, Nechirvan Barzani and Prime Minister Masrour Barzani, stressing “the need for the unity of the Kurdish parties in the process of forming Government”.

And she warned that “the absence of an effective government will lead to instability in Iraq”, as well as “the lack of confidence of the international community and the Iraqi people in the Iraqi political process.”

During the conference, Gavito made several points about Iraq and the Kurdistan Region: – The
United States is committed to helping Iraq strengthen its democracy and sovereignty.It is time for Iraqi leaders to form a government. America willingly wants to work with this new government.

The delay in implementing the government creates obstacles to the development of bilateral relations between the United States and Iraq in all fields.

Delaying the formation of the government will pave the way for Iraqi leaders to resolve key issues and provide basic services.

The lack of an active government could lead to instability and threaten the security of the international community and the Iraqi people.

– America wants a strong, united, resilient and sovereign Iraq, and at this point we will be with Iraq to advise, help and support them, because we have always been friends of the Iraqi people; Be friends with all the people of Iraq, with the people of Kurdistan Region to be successful and happy.

– Washington’s constant message to Iraqi officials is that the United States will not take any action on who will participate in forming the government.

The formation of a new government is crucial to resolving the refugee situation and implementing the Sinjar Agreement.

Washington believes that a long-term agreement between the Iraqi federal government and the Kurdistan Regional Government is the best way to resolve the situation, especially for Sinjar.

The United States supports the Sinjar Agreement, but its implementation is a concern, as well as security and governance issues that still have a long way to go.

Washington is committed to “achieving the best situation for the Kurdish people in the context of a strong and sovereign Iraq.”

It is important for the Iraqi government and the Kurdistan Regional Government to discuss a mutually acceptable solution to the oil problem.

Jennifer Gavito indicated that she visited Iraq and the Kurdistan region last month, and met officials in Baghdad and Erbil.

Javito promised that “strategic cooperation between Iraq and the United States is important to Washington, and the United States has a long-term commitment to Iraq and the region.”

She affirmed the commitment of the United States to help Iraq overcome its economic problems, saying: “We are also committed to assisting Iraq in strengthening its democracy and sovereignty.”

Jennifer Gavito stressed that the October elections were an important opportunity for Iraqis to “determine their future and elect a government” to help them overcome the economic crisis and obstacles.

“The United States is committed to working with the new government on a number of important issues, including the stability and sovereignty of Iraq, increasing the economic potential of all Iraqis, fighting corruption, human rights, energy independence, climate, and more,” she said.

“This delay in the formation of the government puts obstacles in the way of developing our bilateral relations in all sectors, including security, economy, culture, education, environment, health and more,” Javito noted.

And US diplomacy, which has a long history of working in Iraq and the region, warns that “the absence of an effective and stable government will lead to instability and undermine the credibility of the international community and the Iraqi people.  link

Source: Dinar Recaps


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