A New Parliamentary Movement To Restore The Price Of The Dollar To Its Previous Era

Information / Baghdad.. The representative of the National Approach Alliance, Hassan Al-Asadi, indicated, on Tuesday, the possibility of reducing the dollar exchange rate in the new general budget, stressing that there is a parliamentary movement to return the dollar exchange rate to what it was previously.

Al-Asadi said in a statement to “Al-Maalouma”, that “there is a parliamentary move to reduce the dollar exchange rate in the new budget to its previous price.”

He added that “all the justifications adopted by the caretaker government regarding changing the exchange rate of the dollar had negative economic effects on the Iraqi people.”

Al-Asadi pointed out that “lowering the dollar exchange rate should be a priority for the next government,” noting that “Iraq is going through a very bad economic situation as a result of the caretaker government’s confusion and its raising of the dollar exchange rate.”

Almaalomah.me

Leader In The Framework: No Political Party Has Announced Its Rejection Of Al-Sudani’s Candidacy

Information/ Diyala… The leader in the coordination framework, Turki Al-Atbi, confirmed, on Tuesday, that no political movement announced its rejection of Muhammad Shia Al-Sudani assuming the next government.

Al-Atabi said in an interview with “Al-Information” that “24 hours after the coordination framework officially announced the selection of Muhammad Shia Al-Sudani as the only candidate to form the next government, we did not observe any negative attitude from Before any party, current, or political alliance so far, on the contrary, all messages were positive and welcomed the framework’s decision.”

Al-Otbi added, “The Iraqi consensus to support the Sudanese in the journey to form the government is a positive step that will expedite the end of many problems, especially speeding up the formation of the ministerial cabinet in coordination with the rest of the partners.”

He pointed out that “resolving the name of the framework candidate for prime minister ended the rumors that talk about differences between the poles of the framework,” stressing that “the latter is unified because he realizes the size of the responsibilities entrusted to him in the midst of a sensitive stage that the country is going through.”

Almaalomah.me

“To Give The Kurds A Chance To Agree” .. Parliamentary Favoring The Holding Of The Session To Choose The President Of The Republic Next Week

Information / special… Representative of the State of Law coalition, Muhammad Chihod, suggested, on Tuesday, that a session to choose the president of the republic would be held early next week, while stressing that the postponement of the session came to give an opportunity for the Kurdish parties to agree on one candidate for the post of president.

Chihod said in an interview with the “Information” agency, that “the coordinating framework or the largest parliamentary bloc may submit a request to the parliament presidency to hold a session to pass the President of the Republic,” considering that “the agreement between Al-Yakti and Al-Party on one candidate for the Peace Palace will end the issue of forming the new government.”

He added, “In the event that the presidential election session is not held next Thursday, its date will be at the beginning of next week, in order to give an opportunity to the Kurdish parties; To agree on one candidate for the presidency.

The representative of State of Law explained that “the Kurds if they do not agree on one candidate, then the matter will be in the hands of the members of the House of Representatives, pointing out that there are more than 20 candidates for the presidency of the republic by all Kurdish parties, and one candidate will be voted on.”

According to the Iraqi constitution, the second step, after the vote on choosing the presidency of the parliament, is to vote on the candidate for the presidency, after which the new President of the Republic assigns the candidate of the major parliamentary bloc to form the government and submit it to Parliament for confidence within one month after the assignment.

Almaalomah.me

The Kurdistan Democratic Party Stands On The Sidelines Of Al-Sudani’s Nomination: We Are Waiting For His Government Program

Earth News / Kurdistan Democratic Party (KDP) representative, Jayi Timur, confirmed today, Tuesday, that the party stands neutral in the issue of the nomination of Muhammad Shia Al-Sudani for the position of Prime Minister, and we are awaiting his directions as well as his government program, especially with regard to the Kurdistan Regional Government.

Taymour said in a statement to Earth News, “We consider Muhammad Shia’s candidacy a good step in the way of forming the next Iraqi government,” noting that “we in the Kurdistan Democratic Party stand neutral on the issue of his candidacy and await his directions as well as his government program, especially with regard to the Kurdistan Regional Government.” And the dues of the Kurdistan region and the outstanding issues between the two parties for years, especially the oil and gas law and the dues of the Peshmerga forces.”

He explained, “Therefore, it is too early to give our opinion about him. We wish him success if his candidacy remains, because it is just a symbolic step, given that his name has not yet been officially established as a candidate for the framework. We will wait and will not precede events.”

Earthiq.news

The Democrat Talks About An Agreement “Around The Corner” On The Presidency

Information / Baghdad… The Kurdistan Democratic Party confirmed, on Monday, that discussions have reached a very advanced stage with the Patriotic Union on agreeing on the personality of the President of the Republic, indicating that the agreement is close to being announced in the coming days.

The leader of the Kurdistan Democratic Party, MP Mahma Khalil, said in a statement to “The Information”, that “Pavel Talabani’s meeting with Nechirvan Barzani and Massoud Barzani reached a great rapprochement in the issue of choosing a Kurdish figure for the presidency of the republic,” stressing that “the talks have reached a very advanced stage with the Union.” the National ” .

He added that “the discussions between the Kurdish parties at the highest levels succeeded in removing the candidate from the national space and not exclusively in a specific party, and therefore it facilitated the process of reaching an agreement,” noting that “the agreement is just around the corner from announcing in the coming days.”

The head of the Kurdistan Democratic Party bloc in the Iraqi parliament, Vian Sabri, confirmed earlier that negotiations are underway, and the next session will not decide the position of the President of the Republic. finished / 25 AD

Almaalomah.me

Iraq is among the largest foreign holders of US Treasury bonds

Shafaq News / The US Treasury Department announced, on Monday, that Iraq has become one of the major foreign holders of US Treasury bonds.

The Treasury said in its latest schedule, seen by Shafak News Agency, that “Iraq has become among the 35 largest countries that have possession of US Treasury bonds than those that have bonds with a value of more than 30 billion dollars.”

And she added, “Iraq’s possession of these bonds amounted to 32.9 billion dollars for the month of May, an increase of 36.51 percent over the month of January of 2022, and an increase of 57.42 percent over the same month of last year 2021.”

She pointed out that “Iraq was the fourth largest Arab country in terms of the value of bonds after Saudi Arabia, Kuwait and the UAE, while Japan came at the top of the countries with the largest value of these bonds, followed by China second and the United Kingdom third,” indicating that the total US bonds owned by the countries of the world amounted to 7 trillion. and $421 billion.

Shafaq.com

The Coordination Framework officially announces the candidacy of Muhammad Shia Al-Sudani for prime minister

Shafaq News / On Monday, the coordination framework officially announced the selection of Muhammad Shia Al-Sudani as a candidate for prime minister.

The framework stated in a statement that the selection of Al-Sudani came during a meeting “in a positive atmosphere, where the leaders of the coordination framework unanimously agreed on the nomination.”

Al-Sudani is one of the leaders of the Islamic Dawa Party. He ran several ministries in successive governments, and was nominated by Nuri al-Maliki to head the new government.

Shafaq.com

Khoshnaw: The Union Has Never Proposed An Alternative Name For Barham Salih For The Presidency

The Information/Baghdad… A member of the Patriotic Union of Kurdistan, Mahmoud Khoshnaw, confirmed that the Union has never proposed any alternative figure to Barham Salih to run for the post of President of the Republic, pointing out that Salih will remain the only candidate for the Union for this position and no other figure will be presented.

Khoshnaw told Al-Maalouma, “The talk about putting up the name Rashid Latif as an alternative to Barham Salih as a candidate for the presidency, is nothing but poison in honey and a baseless talk.”

He added, “The National Union is insisting on presenting its candidate, Barham Salih, for the presidency, whether a consensual, settlement or competitive candidate, as the Union will not change it in any way.”

And he indicated that “the Union opened all its doors to the Democratic Party in order to discuss the position of the President of the Republic, as Barham Salih was nominated through mechanisms within the National Union and in agreement with the rest of the Kurdish forces that respect the will of the Union.”

Khoshnaw pointed out that “the Union retains its candidate for the presidential post, whether in agreement with the Democrat or by putting it forward as a competitive candidate in Parliament.”

Almaalomah.me

Barzani leaves Baghdad empty-handed: No agreement is expected on oil

The visit of Kurdistan Regional Government Prime Minister Masrour Barzani to Baghdad did not succeed in achieving any breakthrough in the oil and gas file, despite statements by Iraqi officials that were not without diplomacy in terms of stressing the importance of strengthening the dialogue approach to reach a settlement.

Baghdad – Kurdish political circles said that the visit of the Prime Minister of the Kurdistan Region, Masrour Barzani to Baghdad, did not result in any actual breakthroughs in the contentious issues between the two parties, especially with regard to the oil and gas file, in light of the two parties’ adherence to their position.

These circles warn that the continuation of disputes between Baghdad and Erbil over oil and gas will have serious repercussions, as it disrupts the investment climate in this sector, especially with a number of Western companies expressing their intention to withdraw and some of them announcing the suspension of new projects they intended to undertake within the region.

On Saturday, Barzani moved to the Iraqi capital, Baghdad, on his second visit since taking office nearly three years ago, as the oil and gas file topped the visit’s agenda. The Prime Minister of the Kurdistan Regional Government, which has enjoyed autonomy since the 1990s, held meetings with Prime Minister Mustafa al-Kazemi, Iraqi Parliament Speaker Muhammad al-Halbousi, and the head of the Supreme Judicial Council, Faiq Zaidan.

A statement issued by Al-Kazemi’s office announced that it was agreed to “deepen dialogues between the Federal Ministry of Oil and the Ministry of Natural Resources in the region, to address outstanding issues, continue work to reach common solutions, and achieve a state of integration in managing the oil file.”

After his meeting with Barzani, who was also attended by the head of the Sunni resolve alliance, Khamis al-Khanjar, the Speaker of the House of Representatives considered that the opportunity is favorable to resolve all differences and outstanding issues between the federal government and the Kurdistan Regional Government, including the issue of oil and gas.

On the other hand, Barzani did not issue any position on his visit to Baghdad, and the Kurdish political circles clarified that this is due to the fact that the visit of the Prime Minister of Kurdistan was not up to expectations, as the central authority in Baghdad adheres to its vision of a settlement based on the implementation of a court decision. The Federal Supreme Council last February, which provides for the delivery of oil produced on the territory of Kurdistan to the central government, granting Baghdad the right to review and cancel oil contracts with the region.

The Federal Court, which is the highest judicial authority in Iraq, considered at the time that the law approved in Kurdistan in 2007 to regulate the oil and gas sector was contrary to the constitution.

The Kurdistan Oil Law stipulates that “the Ministry of Oil in the region or whoever it authorizes is responsible for organizing and supervising oil operations… as well as all activities related to them, including oil marketing, as well as negotiating and concluding agreements and implementing all licenses, including oil contracts concluded by the regional government.” .

The law states that the Iraqi government has the right to “participate in the management” of the fields discovered before 2005, but the fields discovered after that belong to the regional government.

The Iraqi central authority refuses to recognize this law, and the decision issued by the Federal Court has formed a strong support in the legal confrontation with the region, which seems to be heading towards escalation.

Based on a lawsuit submitted by the Iraqi Oil Ministry, a court in Baghdad in early July canceled four contracts between the Kurdistan region and Canadian, American, British and Norwegian companies.

It is also possible that the cancellation will affect three other foreign companies, the decision on which is expected to be decided by the same court, as a senior official in the oil sector in Baghdad warned in an interview with Agence France-Presse, preferring to remain anonymous.

According to a statement by the Iraqi Ministry of Oil issued earlier this month, the American oil field service companies, “Schlumberger”, “Baker Hughes” and “Halliburton” pledged that they would comply with the ruling of the Federal Supreme Court and withdraw from the Kurdistan region.

The ministry statement added that the three companies confirmed that they will not start new projects in the semi-autonomous region, and that they are in the process of “liquidating and closing existing tenders and contracts.”

The Iraqi Ministry of Oil had appointed the international law firm Cleary Gottlieb Steen and Hamilton to communicate with some oil and gas companies operating in the Kurdistan region, “to start discussions to bring their operations in line with applicable Iraqi law.”

Observers believe that the response of some Western companies to the demands of the central authority in Iraq, which raised the concern of the Kurdistan leadership, is what made the KRG move towards opening negotiation channels with the Iraqi side, but it seems that the latter refuses to reach a solution that satisfies both parties.

The region had previously presented a proposal to establish two companies involved in oil exploration and marketing, working in partnership with Baghdad, but the latter did not respond to this offer.

Observers say that the best solution lies in agreeing on the legislation of the Oil and Gas Law of 2007, which is still locked up in the Iraqi parliament to draw up the common oil policy.

They point out that it is unlikely to see any settlement on the oil dispute between the region and the central authority, at least before the end of the political crisis that has afflicted Iraq since last October, and the formation of a new government.

Iraq is the second largest oil country in the Organization of Petroleum Exporting Countries (OPEC), and it exports an average of 3.3 million barrels of crude oil per day. As for Kurdistan, it produces more than 450 thousand barrels per day.

On the other hand, there are no official statistics on oil exported from the Kurdistan region, but the Iraqi Oil Ministry published an analysis last May in which it said that the regional government had committed “legal and procedural violations” in the sale of oil that caused great losses.

An analysis published on the ministry’s website pointed out that “the financial returns to the regional government constitute no more than 80 percent as an average after deducting production costs (the cost of producing a barrel of oil), while the financial returns for the first and second licensing rounds (established by Baghdad) range from 94.5 percent to 96.5 percent, and that the cost of production is equivalent to four times the cost of production in the licensing rounds of the Federal Ministry of Oil.”

On the other hand, the regional government signed on itself, through production-sharing contracts, a contractual commitment to exempt contractors from taxes, and allowed them to inflate their profits without imposing any kind of taxes or sharing those inflated profits, especially when global oil prices rose.

She added, “The Ministry of Oil would also like to clarify that the region did not adhere to the quotas allocated to Iraq under the “OPEC” agreements, which negatively affected the quantities of oil allocated to Iraq from the central and southern fields, and therefore negatively affected the financial returns of the federal government, despite bearing its burdens by securing the salaries of its people. in the region.”

The region rejects such accusations, stressing that the price difference is a result of the pressures that the Iraqi Oil Marketing Company “SOMO” has exercised and is still exerting against companies operating in the region, and that the partnership contracts signed by the Kurdistan region have nothing to do with the cost of extraction and production, and have nothing to do with the dispute. current between the two parties.

Rawabetcenter.com