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Clare » January 4th, 2025
New holiday for all Iraqis
1/3/2025
Sumerian News – Local witnesses next week vacation Official next Monday on the occasion of memory establishment Army Iraqi Al-Basel, according to the Official Holidays Law No. 12 of 2024.
It will be on Monday, January 6th. vacation Official for all Iraqis On the occasion of the 104th anniversary of the founding of Army Iraqi The brave. LINK
Al-Sudani stresses the importance of raising the level of quality control to preserve public money
1/4/2025 Baghdad
Prime Minister Mohammed Shia Al-Sudani stressed today, Saturday, the necessity of working to address the observations and raise the level of quality of oversight; in order to preserve public money.
The Prime Minister’s media office stated in a statement received by “Al-Eqtisad News” that “Al-Sudani received the head of the Financial Supervision Bureau, Ammar Sobhi Khalaf, and the meeting witnessed discussions on the contents of the Bureau’s reports on the performance of the various state agencies, and ways to enhance them.”
Al-Sudani stressed the “necessity of working to address the comments and raise the level of quality of oversight, in order to preserve public money.”
During the meeting, the Audit Bureau’s reports were reviewed, particularly reports related to the performance of ministries and entities not affiliated with a ministry. LINK
The Iraqi government succeeds in recovering 50 billion dinars from the c-----t during 2024
1/4/2025 Baghdad
The Parliamentary Integrity Committee confirmed, today, Saturday, that the government succeeded in recovering 50 billion dinars from the c-----t during the past year, while indicating that Prime Minister Mohammed Shia Al-Sudani played a prominent role in reducing c--------n files.
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Committee member MP Alia Nassif said: “Al-Sudani and the Integrity Commission had an effective impact in reducing the aggravation of these files and prosecuting those involved in them,” noting that “the government also succeeded in recovering about 50 billion dinars from those involved in c--------n files in the Deal of the Century, in addition to the Director General of Refineries and the Assistant Director of Investment during the year 2024.”
Nassif pointed out that “the anti-c--------n operations also included pursuing those involved in real estate fraud files,” noting that “most ministries and governorates formed sub-committees to stop the waste of public money.” LINK
“Oil and Gas Law” resolves pending issues between Baghdad and Erbil
1/4/2025
Oil and Gas Committee in the Iraqi Parliament considered, on Saturday, that the agreement on the draft “Oil and Gas Law” and sending it from the government to the parliament will contribute to resolving many of the pending issues between Baghdad and Erbil.
Committee member Bassem Al-Gharibawi told Shafak News Agency, “Agreeing on the draft oil and gas law and approving it in the Council of Ministers and then sending it to Parliament will contribute to resolving many of the outstanding problems between the federal and regional governments.”
According to Al-Gharibawi, the government had previously formed a committee headed by the Deputy Prime Minister for Energy Affairs, the Deputy Prime Minister for Economic Affairs, and the Iraqi SOMO Company to negotiate with the regional government regarding amending the disputed articles and preparing a final version of the oil and gas law.
He added, “The Parliamentary Oil Committee hosted a number of officials from the Ministry of Oil during the previous legislative session, and discussed the formulas and articles that require amendment to the Oil and Gas Law.”
Last week, Iraqi economic expert, Nabil Al-Marsoumi, revealed that 9 foreign companies were demanding compensation amounting to 24 billion dollars resulting from the halt in oil exports after the Iraqi judiciary rejected the appeal of the Iraqi Ministry of Oil to cancel these companies’ contracts with the Kurdistan Region.
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The Karkh Court of Appeal rejected an appeal submitted by the Iraqi Ministry of Oil and overturned previous rulings that declared the contracts of foreign companies with the Kurdistan Region invalid .
According to the court, contracts are considered “valid,” enforceable, and binding on both parties, and no party outside the contract has the right to object to them, even if they are based on a legal basis that the Federal Supreme Court in Iraq deemed unconstitutional in February 2022 .
The court explained in the reasons on which it relied that the decision of the Federal Supreme Court issued in February 2022 cannot be applied to contracts concluded before its issuance, in accordance with a general principle in Iraqi civil law. LINK
Iraq surpasses Saudi Arabia in oil exports to America
1/4/2025
The US Energy Information Administration announced on Saturday that Iraq surpassed Saudi Arabia in oil exports to the United States during the past week.
The administration stated in a table seen by Shafaq News Agency, that “the average US imports of crude oil during the past week from 9 major countries amounted to 5.765 million barrels per day, down by 79 thousand barrels per day from the previous week, which amounted to 5.844 million barrels per day.”
She added that “Iraq’s oil exports to America reached 212 thousand barrels per day last week, down by 17 thousand barrels per day from the previous week, which reached 229 thousand barrels per day, thus exceeding Saudi Arabia, whose exports to America reached only 87 thousand barrels.”
The administration indicated that “the largest oil revenues for America during the past week came from Canada at a rate of 3.733 million barrels per day, followed by Mexico at an average of 551 thousand barrels per day, then Venezuela at an average of 353 thousand barrels per day, and Colombia at an average of 289 thousand barrels per day.”
According to the table, “the amount of US imports of crude oil from Brazil amounted to 280 thousand barrels per day, from Libya it was at a rate of 189 thousand barrels per day, and from Nigeria at a rate of 71 thousand barrels per day. LINK
Source: Dinar Recaps
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