______________________________________________________
TNT
Tishwash:
The Minister of Finance affirms the continuation of economic reforms and the strengthening of the partnership with the World Bank.
During his meeting with the World Bank representative to Iraq, Emmanuel Salinas Munoz, Finance Minister Faleh Sari affirmed the ministry’s commitment to implementing financial and economic reform programs, in line with the government program’s priorities and to enhance the efficiency of public resource management.
Sari indicated that the ministry is determined during the next phase to adopt reform paths based on developing the financial and banking environment, expanding the application of electronic systems in the tax and customs sectors, in addition to supporting non-oil revenues and simplifying procedures in a way that contributes to improving institutional performance and stimulating economic activity.
The two sides reviewed mechanisms for enhancing technical and institutional cooperation with the World Bank to support development and infrastructure projects, empower the private sector, and benefit from international expertise in implementing reforms.
For his part, Salinas Muñoz affirmed the bank’s continued support for the reform programs implemented by the Iraqi government, which contribute to strengthening economic development and raising the efficiency of financial institutions. (LINK)
Iraq restarts major oil fields to counter the repercussions of the Hormuz closure
A report by Wood Mackenzie, published Wednesday, stated that Iraq has restarted major oil fields, including West Qurna 1 and Majnoon, to mitigate the impact of the Strait of Hormuz closure.
According to Wood Mackenzie’s High-Frequency Oil Production Monitoring report, translated by Al-Ghad Press, “Iraq’s production has rebounded to 1.5 to 1.6 million barrels per day as operations gradually resume at key southern fields such as West Qurna 1, Majnoon, and Fawqi.”
The report added that “Iraq’s immediate focus has shifted to securing related gas supplies, refinery feedstocks, and liquefied petroleum gas (LPG) to prevent a catastrophic energy shortage during the summer, unlike Gulf producers who are prioritizing exports.”
Advertisement
______________________________________________________
It continued, “This recovery follows significant disruptions to energy flows in the Gulf and a decline in exports through the Strait of Hormuz, a vital route for Iraqi oil supplies, due to the regional conflict between Iran, Israel, and the United States.” (LINK)
Al-Zaydi directs the resumption of work by oil companies in Kurdistan starting tomorrow.
Prime Minister Ali Faleh al-Zaidi directed oil companies in the Kurdistan Region of Iraq to resume operations starting tomorrow, Wednesday
A statement from al-Zaidi’s office indicated that he “received a delegation from the Kurdistan Regional Government headed by Minister of Natural Resources Kamal Mohammed Saleh, accompanied by representatives of several international oil companies operating in the region, in the presence of the Minister of Foreign Affairs, the Minister of Oil, and the Chief of Staff of the Army.”
The Prime Minister listened to “a detailed explanation of the working conditions of the oil companies in light of the recent events resulting from the war in the region, as well as a comprehensive vision for the companies to resume their operations as quickly as possible.”
He directed that “all requirements be provided to ensure the smooth operation of the oil companies working in the region,” noting that “the damage inflicted on Iraq as a result of the halt in oil exports through the Strait of Hormuz was significant, requiring redoubled efforts to compensate for this damage by addressing the problems hindering increased production.”
The Prime Minister also directed that “oil companies in the Kurdistan Region of Iraq resume their operations starting tomorrow, emphasizing joint efforts and the provision of a suitable environment and essential requirements.” (LINK)
Parliamentary request to hold an emergency session to complete the government cabinet and approve the budget
The Honorable Speaker of the Council of Representatives
Ref. No.: 315 Date: January 3, 2026
Greetings,
**Subject: Convening an Emergency Session**
Pursuant to the provisions of Article (61) and Article (73—Fourth) of the Constitution, and the Council of Representatives Law No. (13) of 2018; and in response to the public interest and the exigencies of the current juncture—and given the critical importance of fulfilling the requirements of the present phase, along with the direct implications this entails for the delivery of services to citizens and the enhancement of governmental performance:
We respectfully request that you take the necessary measures to convene an emergency session of the esteemed Council of Representatives. The objective of this session is to conclude the voting process for the ministerial cabinet and to resolve the issue of vacant ministries, thereby contributing to the reinforcement of institutional stability and enabling the government to discharge its duties in the most optimal manner.
Furthermore, we emphasize the critical importance of expediting the submission and deliberation of the schedules for the 2026 Federal General Budget. This is due to the profound impact such measures have on the implementation of service-oriented and developmental projects, the fulfillment of the needs of the governorates, and the assurance of the continuity of reconstruction plans and the improvement of the quality of services provided to citizens.
These matters constitute a national priority that necessitates a concerted effort and the acceleration of procedures, serving the best interests of our beloved country and realizing the aspirations of our noble people.
With our highest regards and appreciation, (LINK)
Advertisement
______________________________________________________
Source: Dinar Recaps
______________________________________________________
If you wish to contact the author of a post, you can send us an email at voyagesoflight@gmail.com and we’ll forward your request to the author (if available). If you have any questions about a post or the website, you may also forward your questions and concerns to the same email address.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is an informational news aggregator. All content, including third-party reports and community commentary, is provided for educational purposes only. We do not provide financial, legal, or tax advice. We do not recommend the purchase or sale of any currency or investment. Please consult with a licensed professional before making any financial decisions.
Copyright © Dinar Chronicles
______________________________________________________
