Important files that Al-Sudani is discussing with the German Siemens: It works in electricity and has an eye on associated gas
On Saturday, the German corporation Siemens and the Prime Minister, Mr. Muhammad Shiaa Al-Sudani, spoke about a number of matters, including the potential for growth in the electrical energy distribution and transmission industry as well as related gas investments.
“Al-Sudani received the CEO of Siemens International Energy Company, Christian Bruch, on the sidelines of his participation in the Munich Security Conference 2024,” according to a statement from the Prime Minister’s Media Office that was obtained by
“The projects Siemens had been working on in Iraq were reviewed, along with ways to expedite work. The joint memorandum of understanding between the company and the Ministry of Oil regarding investing in associated gas and developing Iraq’s capabilities in this crucial field, was also studied during the meeting,” the statement continued.
“The prospects available to develop the distribution and energy transmission sector within the Iraqi electrical network were discussed during the meeting,” he went on.
In the statement, the prime minister made note of the fact that “development of all its sectors is the only way to bring about the desired development in the electrical network, and efforts and plans must not be limited to developing production alone.”
Al-Sudani’s Office: The Iraqi speech in Munich was frank about issues of sovereignty, security, and economic partnerships
2/17/2024
Director of the Media Office of the Prime Minister, Rabie Nader, confirmed today, Saturday, that the Iraqi speech in Munich was frank on issues of sovereignty, security, and serious economic partnerships.
Nader said, in a tweet on the {X} platform, that: “More than 22 meetings were held by the Prime Minister in Munich in just two days, and the Iraqi speech was frank on issues of sovereignty, security, and serious economic partnerships.”
He added, “There was great international understanding of Iraq’s desire to move the relationship with the international coalition countries from security to strategic partnerships in various fields, and the messages were clear that Iraq’s security is necessary for the security of the region and a stable Iraq is in everyone’s interest.”
Nard continued, “Iraq is a meeting point and refuses to be an arena for settling scores, and the international community must move quickly to stop the war on Gaza.” LINK
Clare: Al-Sudani discusses with members of the US Congress the end of the international coalition’s mission and the transition to bilateral relations
2/17/2024
Prime Minister Muhammad Shiaa Al-Sudani discussed, with members of the US Congress, today, Saturday, the end of the international coalition’s mission in Iraq.
Al-Sudani’s media office stated in a statement received by {Al-Furat News} that “Prime Minister Muhammad Shia’ al-Sudani received four members of the US Congress, namely: Mike Turner, McKeirl, Joe Wilson, and Gerry Connolly, on the sidelines of his Excellency’s participation in the 2024 Munich Security Conference.” .
The statement added, “During the meeting, bilateral relations between Iraq and the United States were discussed, and ways to enhance constructive cooperation, as well as a number of files and issues of common interest were reviewed.
The meeting also touched on the ongoing dialogue regarding ending the mission of the international coalition in Iraq, after the arrival of the security forces.” Iraq has reached an advanced stage of readiness and high performance, and the transition to broad bilateral relations between Iraq, the United States of America, and the rest of the coalition countries.”
The Prime Minister stressed, “the necessity of developing relations between the two countries at various levels and sectors, without limiting them to the security aspect only,” pointing to “the state of recovery that Iraq is going through, the reforms it is witnessing in various economic and financial sectors, and the progress of concluding integrated economic partnerships with countries in the region.” “And the world, which will contribute to promoting development and achieving stability for the country.”
For their part, members of the US Congress indicated their “interest in the success of the Iraqi government in several aspects,” stressing “the importance of Iraq and its role in enhancing security and stability in the region.” LINK
The State of Law identifies 3 goals achieved by Iraq at the Munich Security Conference
At the Munich Security Conference on Saturday, Representative Baqir Al-Saadi listed three objectives that Iraq has met.
“The participation of Prime Minister Muhammad Al-Sudani in the 2024 Munich Security Conference made Iraq achieve three main goals,” Al-Saadi said. “These were explaining to the international community the significance of economic integration, attracting capital, and creating the atmosphere, as well as informing international opinion of the security situation and its ability to confront terrorism.” toward forming alliances in a number of sectors with other nations and international organizations.
In light of the existence of innovative opportunities in the energy sector and other wealth, he continued, “Iraq’s openness to external conferences gives more space to create narratives that contribute to supporting the government’s goals, especially in the economic dimension.”
As he noted, “the entry of foreign businesses into Iraq is a significant signal about the security situation’s stability and allows for partnerships with the private sector to gain experience and build towards enhancing the capabilities of providing basic services.”
Iraq is taking part in the Munich Security Conference 2024 with an official delegation led by a Sudanese national.
INTERVIEW: Iraq’s planning ministry spearheads multi-faceted development strategy | Zawya
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CP 375 Proposed changes to the ASIC Derivative Transaction Rules (Reporting): Third consultation
This consultation paper proposes further amendments to the ASIC Derivative Transaction Rules (Reporting) 2024 in relation to outstanding matters from our prior consultations released in November 2020 and May 2022.
It sets out our proposals on simplifying the exclusion of exchange-traded derivatives and the scope of foreign entity reporting, and the removal of the alternative reporting provisions.
It also addresses certain additional data elements and other matters that have been raised by industry, and consequential changes to the ASIC Derivative Transaction Rules (Clearing) 2015. ASIC
U.S. imports from Iraq rebound after hitting zero last week
In spite of a spike in exports from Iraq, U.S. imports of crude oil decreased little last week, according to statistics obtained by
For the week ending February 18, total imports from nine major suppliers averaged 5.425 million barrels per day (bpd), a little decrease of 34,000 bpd from the previous week’s 5.459 million bpd.
But Iraq’s export figures to the US increased from zero the previous week to 43,000 bpd. Declines from other significant suppliers, including as Canada (-26,000 bpd), Mexico (-15,000 bpd), and Colombia (-10,000 bpd), countered this increase.
With an average of 3.999 million barrels per day, Canada continues to be the largest exporter of crude oil to the United States, followed by Mexico (294,00 barrels) and Saudi Arabia (390,000 barrels).