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Friday, May 17, 2024

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Masrour Barzani discusses resuming Kurdistan oil exports with the US Assistant Secretary of State, 17 MAY

Masrour Barzani discusses resuming Kurdistan oil exports with the US Assistant Secretary of State

Shafaq News/ Today, Thursday, the Prime Minister of the Kurdistan Regional Government discussed with the US Assistant Secretary of State for Energy Affairs, Jeffrey Payette, the importance of resuming the export of Kurdistan Region’s oil, and the two sides exchanged views on developing the energy sector, opportunities to benefit from clean energy, and joint projects in order to improve the electricity conditions in Iraq. And the Kurdistan Region.

A statement from the Presidency of the Regional Government received by Shafaq News Agency said that Prime Minister Masrour Barzani received on Thursday US Assistant Secretary of State for Energy Affairs Jeffrey Payette in the presence of the US Ambassador to Iraq Elena Romanowski, pointing out that the two sides exchanged views on developing the energy sector and opportunities for using clean energy. And renewable energy, plans and projects to improve the electricity situation in Iraq and the Kurdistan Region.

The statement indicated that the two sides agreed on the importance of resuming oil exports from the Kurdistan Region, the suspension of which cost Iraq billions of dollars.

The statement noted that after the meeting, the Prime Minister and the US Assistant Secretary of State visited the Mass Global power station in Birdawood and the Khurmala power station and fields belonging to the CAR Group in Erbil Governorate, and they visited the departments of the two stations.

In a press conference, according to the same statement, the two sides stressed the importance of strengthening the energy sector in Iraq and the Kurdistan Region, especially the use of clean energy, taking into account environmental protection and reducing air pollution.

The statement indicated that Masrour Barzani expressed his pleasure to hear that the United States attaches importance to developing the energy sector in Iraq and the Kurdistan Region and supports Iraq and the Kurdistan Region so that they can achieve better steps and progress in these sectors.

For his part; According to the statement, the US Assistant Secretary of State announced his country’s support for a strong and developed Kurdistan within the framework of a federal Iraq, expressing his joy at witnessing the progress of the energy industry in the region within the level of international standards. “When I see this scene, I remember many oil production areas in America and this place is the (Oklahoma) in miniature.”

https://shafaq.com/ar/%D9%83%D9%88%D8%B1%D8%AF%D8%B3%D9%80%D9%80%D8%AA%D8%A7%D9%86%D9%8A%D8%A7%D8%AA/%D9%85%D8%B3%D8%B1%D9%88%D8%B1-%D8%A8%D8%A7%D8%B1%D8%B2%D8%A7%D9%86%D9%8A-%D9%8A%D8%A8%D8%AD%D8%AB-%D8%A7%D8%B3%D8%AA-%D9%86%D8%A7%D9%81-%D8%AA%D8%B5%D8%AF%D9%8A%D8%B1-%D9%86%D9%81%D8%B7-%D9%83%D9%88%D8%B1%D8%AF%D8%B3%D8%AA%D8%A7%D9%86-%D9%85%D8%B9-%D9%85%D8%B3%D8%A7%D8%B9%D8%AF-%D9%88%D8%B2%D9%8A%D8%B1-%D8%A7%D9%84%D8%AE%D8%A7%D8%B1%D8%AC%D9%8A%D8%A9-%D8%A7%D9%84-%D9%85%D8%B1%D9%8A%D9%83%D9%8A

"IRAQ HAS A MIXED ECONOMIC SYSTEM" BY GOLDILOCKS, 17 MAY

GOLDILOCKS

Iraq has a mixed economic system with some private freedom, but weak centralized economic planning and government regulation. The country's economy is dominated by oil exports, which serve as the basis of its GDP. Successive governments have done little to wean Iraq off this heavy dependency on oil rents and diversify the economy.

However, non-oil growth has rebounded strongly in 2023, while inflation has receded. The World Bank has highlighted the importance of banking reforms and promoting digital financial services to increase financial intermediation and promote financial inclusion.

The Iraq Vision 2030 plan includes diversifying the economy, reducing dependence on oil, promoting innovation, supporting SMEs, and attracting foreign investment. The plan also promotes sectors such as agriculture, tourism, manufacturing, and technology.

https://www.worldbank.org/en/country/iraq/overview

Iraqi Dinar Big News - Iraq's Fiscal Strategy Shift Revealed!

Sudanese reaffirms: Iraq heading towards expansion of petrochemical projects, 17 MAY

Sudanese reaffirms: Iraq heading towards expansion of petrochemical projects

Economy News — Baghdad

Prime Minister Mohammed Shiaa Al-Sudani on Thursday reiterated Iraq’s orientation towards expanding petrochemical projects.

The Prime Minister’s Media Office said in a statement received by “The Palm News” that “Sudani received the delegation of the American engineering company KBR, which is specialized in sustainable technological solutions.”

He explained, “The meeting witnessed a review of the company’s overall business in Iraq, in cooperation with Iraqi oil companies in the field of oil production, and enhancing the benefit of the associated gas, and the possibility of participating in integrated energy projects, and the formulas of participation and investment was also discussed, in order to achieve the highest returns and benefit to Iraq from the oil wealth.”

The Prime Minister pointed out that “the government’s approach to attracting productive partnerships, based on resource development, and providing the necessary and successful investment environment, as well as the government’s financial, banking and tax reform, enhances the possibility of positive participation.”

He reiterated “Iraq’s orientation towards expanding petrochemical projects, the production of oil derivatives, fertilizer projects, and other promising industrial projects, which welcome foreign expertise and investments, establish a diversified and solid Iraqi economy, and create more job opportunities, which was confirmed by the government program.”

https://economy-news.net/content.php?id=43489

"IRAQ-WHAT A COINCIDENCE" BY REINALDO JC VIA RV HIGHLIGHTS TELEGRAM ROOM, 17 MAY

Iraq-What a Coincidence🇮🇶

-Federal Reserve Chair Jerome Powell Has a Speech on Sunday 3:30pm *federalreservegov

-Putin in China Meeting Xi.

-Al-Sudani “Extraordinary Session” Meeting With Cabinet on Sunday.

-Parliament Election Of A Speaker After 7/8 Months(all of a sudden).

-BRICS Applying Pressure(imo).

-The Head of UN Mission in Iraq Jeanine Blaskhart Last Speech/Briefing & Leaves Iraq Permanently Today.

-The National Bank of Iraq Receives a STRONG Credit Rating From Capital Intelligence (not at that 1310 dinar rate).

-Iraq Paid Nearly All External Debt (iwonderhow)

Reinaldo JC

@smoothRey