The Minister of Oil discusses with "Gazprom" the development of the oil and energy industry in Iraq , 13 OCT

 The Minister of Oil discusses with "Gazprom" the development of the oil and energy industry in Iraq

10/13/2023

Deputy Prime Minister for Energy Affairs and Oil Minister Hayan Abdul Ghani met in Russia with Alexander Dyukov, Chairman of the Board of Directors of Gazprom Neft, and a number of company officials, in the presence of the Russian Ambassador to Iraq, Elbrus Kotrachev.

The Iraqi Oil Ministry said in a statement on Friday that the prospects for bilateral cooperation were discussed during the meeting

Ways to develop joint projects in a way that contributes to the development of the oil and energy industry in Iraq and serves common interests.

This meeting comes on the sidelines of the official visit by the Deputy Prime Minister for Energy Affairs and Minister of Oil to the Republic of Russia, according to the statement.   LINK

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Deputy expects the dollar to decline within a few days

 The representative of the State of Law coalition, Arif Al-Hamami, expected today, Friday, that the exchange rate of the US dollar against the Iraqi dinar will decrease during the next few days.

Yesterday, Thursday, the dollar prices were recorded at the Al-Kifah and Al-Harithiya stock exchanges, 160,400 dinars for 100 dollars, according to Shafaq News Agency correspondent, while the selling price in the exchange shops in the local markets in Baghdad reached 161,500 Iraqi dinars, while the purchase amounted to 159,500 dinars for every 100 dollars.

As for Erbil, the selling price of the dollar in banking shops was 160,400 dinars, compared to 100 dollars, and the purchase price was 160,300 dinars, compared to 100 dollars.

Al-Hamami said in an interview with Shafaq News Agency, “The State of Law bloc seeks in all ways and urges the government to take the necessary measures to reduce the exchange rate of the dollar, because of its direct impact on the people, especially the poor and middle classes.”

Al-Hamami confirmed that “there are ongoing communications with the government, the Central Bank, the Prime Minister’s Office, and the Parliamentary Finance Committee in this regard.”

He added, "Government measures are continuing to reduce the dollar, including preventing smuggling outlets and opening outlets to sell the dollar at airports, but there are external circumstances that put pressure on the government, and the global situation also has an impact on the status of the dollar in Iraq."

He explained, "Previously, the dollar rose more than the current price and then fell again, so we hope that the dollar exchange rate will decrease during the next few days."  link