Thursday, March 13, 2025
Iraqi Ports: Plans To Establish An Industrial Zone And Large Companies In The Grand Faw Port, 14 MARCH
Iraqi Ports: Plans To Establish An Industrial Zone And Large Companies In The Grand Faw Port
Director General of Iraqi Ports Farhan Al-Fartousi Money and Business Economy News - Baghdad
The Iraqi General Company for Ports confirmed on Wednesday that it has reached advanced stages of contracting with an international company to manage and operate the Faw Port. It also indicated that a large package of projects will be announced at the Faw Port, similar to the refinery package.
“The fixed part of the submerged tunnel will soon be 100% complete, consisting of two lanes for outbound and two lanes for outbound, connected to the highway from the outside and to the submerged tunnel from the inside,” said Farhan Al-Fartousi, director of the Iraqi Ports Company, in a statement reported by the official news agency, and seen by Al-Eqtisad News.
He explained that “the submerged part consists of 10 concrete blocks, 11 meters high, 34 meters wide, 126 meters long, and weighing 45,000 tons, which were completely poured into a special basin called the (submerged tunnel basin).”
“After the sections were created, they were examined and prepared, and then the floating operations began, i.e. lifting them with water and transporting them to the designated location, and starting the process of submerging and connecting them to the fixed sections,”
he added, indicating that “our cadres and the companies working with us, namely the Italian company Technical, which is supervising, the Korean company Daewoo, which is implementing the project, and the Dutch company specializing in such work in the world, were able to connect the first section and place it in its place, and open it to the fixed section, and it became part of the tunnel.
We had a tour and presence in this section, and at the same time the cadres began floating the second section until it was formed. After the ten sections are connected, the tunnel will be completed and ready across both banks, whether the direction is from Umm Qasr to Al-Faw or vice versa.”
On the other hand, Al-Fartousi explained that "we have reached very advanced stages of contracting with a scientific company to manage and operate the port. We are awaiting the consulting company's opinion on the contracting mechanism, regulations, and other details. After that, the file will be presented to the Supreme Committee for approval, and we will proceed with the contract."
Al-Fartousi pointed out that "there is a large package of projects, including the naval base project, which will be contracted within a month or a month and a half, followed by the liquefied natural gas station project,
in addition to the major project, which is a refinery within the port complex, and a petrochemical plant, which was contracted by the Ministry of Oil, and we are following up on this file, which will be operational soon."
He added, "We have a plan to establish an industrial zone, and there are communications and companies interested in entering into this major project. A large package of projects will soon be announced in the port of Faw, similar to the refinery package." https://economy-news.net/content.php?id=53344
FIREFLY: They have agreed upon a target date of when to show the new exchange rate!!, 14 MARCH
Frank26
[Iraq boots-on-the-ground report]
FIREFLY:Television is saying...there will be another meeting...Why they keep having these meetings?
FRANK: IMO they have agreed upon a target date of when to show the new exchange rate. IMO right now what Mr. Sammy's bank is doing is applying a new software...that deals with foreign currency. Because your currency must be recognized by the world.
Your new Iraqi dinar will be one of a few currencies that will turn. This software is being presented to all the banks...exchange centers in preparation...
It amounts to 216 trillion... A date has been set for submitting the budget tables to Parliament , 13 MARCH
It amounts to 216 trillion... A date has been set for submitting the budget tables to Parliament
Deputy Chair of the Parliamentary Finance Committee, Ikhlas al-Dulaimi, ruled out the government's submission of budget schedules within the next two months on Wednesday, while confirming that the 2025 budget amounts to 216 trillion Iraqi dinars.
Al-Dulaimi said, "The Ministry of Finance has not yet sent the 2025 budget tables to the Council of Ministers, even though they were supposed to be sent in October 2024, in accordance with the Financial Management Law, for approval before the start of the new year."
She added, "The total budget amount is 216 trillion dinars, while actual spending is estimated at about 160 trillion dinars."
Al-Dulaimi ruled out "sending the tables to the House of Representatives within the next two months," noting that "the Ministry of Finance has not yet completed their preparation, which could lead to the postponement of budget approval until after the elections."
Last February, the Iraqi Parliament voted on the draft law amending the first law of the Federal General Budget Law of the Republic of Iraq for the fiscal years (2023 - 2024 - 2025) No. (13) of 2023. link
TEXAS SNAKE UPDATE, 13 MARCH
Texas Snake
Again I ask all to remain on alert
announcement is at any moment!!
--
Please be aware those who haven't already noticed we have a 3-day weekend ahead
Need to close a CC has just been announced
Very short call but important intel, steps taken today to insure CBI has taken necessary steps to insure exchange capabilities beginning Monday if release is confirmed.
Steps are in place.
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