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KTFA
Clare » November 27th, 2024
Parliamentary Oil: Amending a paragraph in the budget enhances oil exports and understanding with Kurdistan
11/27/2024
The Parliamentary Oil and Gas Committee confirmed, today, Wednesday, that amending the paragraph on paying the costs of extracting the Kurdistan Region’s oil and handing it over to “SOMO” opens the way for expanding exports and improving coordination between the region and the center.
Member of the Parliamentary Oil and Gas Committee, Kazem Al-Tawki, told Al-Furat News Agency that “Iraq is committed to the OPEC system in determining the quantities of oil production, noting that production sometimes falls below the specified ceiling.”
He added: “The recent agreement with the Kurdistan Region included amending a paragraph in the budget related to paying the financial costs of extracting oil and delivering it to SOMO, which opens the way for expanding exports or directing the region’s oil to refineries.”
He stressed the importance of this understanding between the region, the center and the Ministry of Oil to achieve better coordination in the management of oil resources.
From.. Raghad LINK
The Iraqi government signs two memoranda of understanding with Arab tourism, consisting of 7 points
11/27/2024
In Wednesday, Iraqi Prime Minister Mohammed Shia al-Sudani sponsored the signing of two memoranda of understanding with the Arab Tourism Organization. His media office said in a statement received by Shafaq News Agency that al-Sudani received today the head of the Arab Tourism Organization affiliated with the League of Arab States, Bandar bin Fahd Al-Fahid, and his accompanying delegation.
The statement added that during the meeting, they discussed areas of joint work to develop the tourism reality in Iraq, in light of the government’s plan to develop the tourism reality.
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Al-Sudani stressed the importance of enhancing cooperation with the Arab Tourism Organization to support attracting Arab tourism to Iraq, which is rich in religious, archaeological and natural tourism assets.
According to the statement, Al-Sudani sponsored the signing ceremony of two memoranda of understanding for the Arab Tourism Organization; the first with the Ministry of Culture, Tourism and Antiquities, and the second with the International Development Bank for Investment and Finance, which include expanding and developing tourism cooperation in the following areas:
1- Benefit from the agreement signed between the Arab Tourism Organization and the Islamic Development Bank Group, related to the insurance policy to guarantee investment, with the aim of attracting capital to invest in tourism projects in Iraq.
2- Benefit from the programs of the Arab Tourism Organization and its agreements with international companies in the field of technical consultations and studies.
3- Qualifying Iraqi tourist facilities, including hotels, restaurants and cafes, to obtain the quality and ISO mark.
4- Benefiting from the organization’s programs in training and qualifying workers in the tourism sector at the public and private sectors levels to raise the capabilities of its workers.
5- Studying the possibility of opening a regional office for the Arab Tourism Organization in Baghdad to represent the Arab Mashreq region.
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6- Benefiting from the Arab Tourist Card project, which will be launched in Baghdad through the organization’s strategic partner; the International Development Bank and Visa International.
7- Implementing rehabilitation programs for Iraqi youth in the field of quality control of tourism and hotel facilities.
LINK
Source: Dinar Recaps
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