Monday, May 26, 2025
SCOP Completes Gas Pipeline Crossing Under Tigris River
The State Company for Oil Projects (SCOP) has completed a major horizontal directional drilling (HDD) operation to lay a 42-inch gas pipeline beneath the Tigris River in the Sayafiyah area, as part of the Mahmudiya-Bismayah project.
The crossing spans 600 metres in length and reaches a depth of 22 metres, making it the longest and most significant crossing in the project. It was executed by Baghdad Projects Directorate, the team assigned to carry out the drilling operations.
Ali Ward Hamoud, Director General of SCOP, described the project as a key component of the government programme to supply power stations with essential natural gas. The initiative is receiving direct oversight from Prime Minister Eng. Mohammed Shia' Al-Sudani and field supervision by Deputy Prime Minister for Energy Affairs and Minister of Oil, Eng. Hayan Abdulghani Al-Sawad.
Hamoud highlighted the company's technical competence in executing strategic infrastructure projects to international standards, on schedule, and with full adherence to occupational health and safety regulations.
(Source: Ministry of Oil)
TIDBIT FROM CLARE
Clare
Article: "Three reasons behind it... Al-Sudani's advisor to Rudaw: About 90% of Iraq's monetary mass is hoarded outside banks."
Quote: "Saleh, economic advisor to Iraqi Prime Minister Mohammed Shia al-Sudani, believes that approximately 90% of Iraq's monetary mass is outside the banking sector and hoarded in homes.. .
The currency issued outside the central bank and circulated outside banks is called external leakage,"
Foreign Minister: Iraq is working to achieve self-sufficiency and energy independence.
Foreign Minister: Iraq is working to achieve self-sufficiency and energy independence.
Foreign Minister Fuad Hussein affirmed on Saturday that Iraq is working towards achieving energy self-sufficiency and independence, while expressing his regret that a number of Western countries continue to classify Iraq as a high-risk country.
This came during his meeting with US Senators Angus King, an independent from Maine, and James Lankford, a Republican from Oklahoma, according to a statement issued by the Ministry of Foreign Affairs.
The statement quoted Hussein as saying that Iraqi-American relations are strategic, extending from partnership in the war on terrorism to cooperation in reconstruction and enhancing stability in the region, as well as other vital areas, including energy and education.
He also noted Iraq's aspiration to expand the horizons of these relations and increase the presence of American companies to take advantage of promising investment opportunities and contribute to construction and development efforts.
In a related context, the minister affirmed that Iraq is working rapidly to achieve self-sufficiency and energy independence by investing in associated gas, enhancing electricity interconnection projects with neighboring countries, and exploring new gas fields. This will position it as a gas-producing country, in addition to being a major oil producer. In this context, he called on specialized American companies to invest in this strategic sector.
He also pointed out that Iraq is set to hold its sixth legislative elections in November of this year, reflecting the consolidation of the democratic experience among the population and contributing to achieving stability and reconstruction.
Hussein expressed his regret that a number of Western countries continue to classify Iraq as a high-risk country in travel advisories for their citizens, which negatively impacts foreign companies' entry opportunities and hinders the development of tourism and cultural exchange.
On the other hand, the two sides affirmed that the terrorist organization ISIS continues to pose a significant threat to countries in the region and the world alike, and emphasized the importance of unifying international efforts to eliminate it and prevent its return.
They also discussed developments in the ongoing negotiations between the United States and Iran, agreeing that dialogue is the best way to resolve outstanding issues, achieve stability, and avoid escalation and confrontation.
In conclusion, the two parties affirmed their support for a political process in Syria that ensures the establishment of a comprehensive democratic process that reflects the aspirations of the Syrian people and leads to the formation of an elected government that represents the various components of society and protects their rights. link
BROTHERS TECHNOLOGY: Where’s The Public Visibility Of The New Rate?💥
BROTHERS TECHNOLOGY
In cooperation with the International Air Transport Association, the Ministry of Transport announces that Iraqi Airways has completed 65% of the requirements for lifting the European ban.
----
Where’s The Public Visibility Of The New Rate?
The Central Bank of Iraq launched the first National Strategy for Financial Inclusion for the period 2025-2029.
The Central Bank of Iraq launched the first National Strategy for Financial Inclusion for the period 2025-2029.
The strategy included an integrated framework for financial inclusion with the aim of enabling all individuals and companies to access the financial sector and use appropriate and safe financial services while protecting their rights, contributing to economic and social development.
His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alak, stressed in a speech that the Central Bank of Iraq pays great attention to promoting financial inclusion in Iraq as well as cooperation at the regional, Arab and international levels, as the Central Bank of Iraq worked with international partners to develop a financial inclusion strategy according to the best international practices in partnership with the World Bank Group,
the Arab Monetary Fund, the International Financial Inclusion Union and the German Agency for Development Cooperation (GIZ), as well as local partners from public and private bodies and agencies.
The Bank is working to achieve a number of goals in raising the percentage of bank accounts, enhancing the protection of the consumer dealing with the financial sector, using the latest electronic payment methods and developing infrastructures and regulations to enhance financial inclusion.
Central Bank of Iraq
Media Office
25 May 2025
Subscribe to:
Comments (Atom)