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Sat. PM KTFA News Articles from Iraq 8-17-24

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KTFA

Clare » August 17th, 2024

Iraq “Moves to Profit-Sharing” in New Oil Contracts

17th August 2024 

By Charles Kennedy for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News.

Iraq Moves to Profit-Sharing Terms in New Oil and Gas Contracts

Iraq seeks to attract more investment in its oil and gas industry by moving to profit-sharing contracts for new bid rounds from the technical service contracts it has awarded so far.

Click here to read the full report.

LINK

Finance: The Accounting Department begins working with the electronic issuance verification system (QR)

8/17/2024 Baghdad – WAA

The Ministry of Finance announced, today, Saturday, that the Accounting Department has started working with the electronic QR system regarding withdrawing amounts.

The ministry said in a statement received by the Iraqi News Agency (INA): “The Accounting Department has started working with the electronic check-in system using (QR code) regarding withdrawing amounts,” noting that “the financing platform is currently limited to answering inquiries from spending units for the financing process in ministries, governorates and entities not affiliated with a ministry.”

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It added that “this comes within the framework of the government’s orientation to simplify government procedures, reduce time and effort, in addition to reducing administrative momentum in institutions, and moving away from paper transactions.”   LINK

Source: Dinar Recaps

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