Sandy Ingram
Russia has channeled $19 billion into Iraq's energy sector, changing the game...The investment not only aims to enhance Iraq's economic growth but also reflects Russia's strategic interests in the Middle East.
This $19 billion investment marks a significant chapter in the long-standing relationship between the two countries, promising mutual benefits and a strengthened alliance.
Ministry of Oil announces the start of exporting jet fuel
The Undersecretary of the Ministry of Oil for Refining Affairs, Hamid Younis, announced the start of aviation fuel export operations from Iraqi ports.
The Undersecretary said in a statement, "The ministry has started aviation fuel export operations at a rate of (800-1000) tons per day, from export outlets, noting that the Iraqi production of aviation fuel comes within international specifications and standards.
He pointed out that the export process is a step in the right direction, to enhance Iraq's role globally among the countries producing and exporting oil and its derivatives, in addition to that it reflects the prospects for development in the Iraqi oil industry.
He added that the export operations of oil products contribute to increasing the financial revenues achieved from the activities of the oil sector, thus supporting the national economy. link
JON DOWLING
As we await Israel to do what they need to do to split the difference, Iraq just gave away a big tell about the inevitable reset:
They are having a massive population increase and just coincidentally, they are preparing for major reconstruction and building projects and reforms. A big sign that we’re about to be set free!
@JonDowling
A government consultant revealed the features of the fiscal budget schedules for 2025.
“Article 77/II of the Federal General Budget Law No. 13 of 2023, which regulates the preparation of the tripartite budget, stipulates that the government send the budget tables for the years 2024 and 2025 to the House of Representatives for approval before the end of the previous fiscal year,” said the financial adviser to Prime Minister Mazhar Mohammed Saleh in a press statement.
He added that “the Ministry of Finance has announced that it is in the process of preparing the general budget schedules for 2025, in accordance with the constitutional mechanisms adopted by the tripartite budget law above.”
He pointed out that “based on the indicators of implementing the budget over the first two years stated by Law No. 13 mentioned above, the financial authority has the necessary administrative financial capabilities to submit the budget tables for 2025 to take its legislative path by discussing and approving them in the Council of Ministers and referring them to the House of Representatives before the end of this year.”
Saleh pointed out that “the federal budget tables for 2025 will stem from the constants of the Federal Budget Law No. 13 of 2024, taking into account international and regional economic conditions and their changes, to ensure the adaptation of the provisions of the budget tables for 2025 within the available legal texts, in addition to relying on the performance of indicators of the general budget tables for 2024.”
He stressed that “major reconstruction projects will continue to progress according to the vision of the government program to ensure the continuity of growth rates in GDP in general and GDP (non-oil) in particular.”
Iraq’s Al-Sudani sets June 10 for Mosul Airport opening, marking “defiance against terrorism” Shafaq News/ On Sunday, Iraqi Prime Minister...