Iraqi News Highlights Friday Afternoon 5-5-23
Tlm724 Administrator Bondlady’s Corner
The Minister Of Oil Reveals The Latest
Developments In The Agreement With The Region
Posted On2023-05-04 By Sotaliraq Oil Minister Hayan Abdul Ghani confirmed that a final agreement will be reached within two weeks to resume the export of Kurdistan region's oil, stressing that the indications in this regard are "positive".
Hayyan said, "We have reached the final stages of the agreement with the Kurdistan region, and we will reach a final agreement within one to two weeks regarding the resumption of crude oil exports."He
added, "We receive news from the Turkish side that there are tests on the
pipelines, and we cannot refuse the tests, because it is in our interest that
the exported oil arrive and not leak on the way, and therefore the process will
be greatly affected."
Hayan stressed, "All indications are positive, and we
will reach an agreement," noting that "the same principles adopted by
the SOMO company for selling Iraqi crude oil depend on selling the oil of the
Kurdistan region in addition to Kirkuk oil." LINK
Sweden Supports The Restoration Of Stability
In The Liberated Areas With More Than One Million Dollars
Today, Friday, the United Nations Development Program in
Iraq announced Sweden's support for restoring stability in the liberated areas
with $1.9 million.
A statement by the United Nations Program stated that
"the Government of Sweden contributed an additional 20 million Swedish
kronor (equivalent to 1.9 million US dollars) to the United Nations Development
Program in restoring stability to the liberated areas," noting that
"today an agreement was signed with Jessica Svardström, Ambassador of Sweden."
in Iraq and the Resident Representative of the United Nations Development
Program in Iraq, Oki Lootsma, to formalize this contribution.”
He added, "Since the establishment of the program in
2015, the Government of Sweden has contributed 434 million Swedish kronor (42)
million US dollars to support stabilization efforts in Iraq," noting that
"with this additional funding, the United Nations Development Program will
be able to continue rehabilitating infrastructure and services." The vital
forces that were damaged during the war against the terrorist gangs of Daesh
and pave the way for social reintegration.
The Swedish ambassador to Iraq, Jessica Svardström, said,
according to the statement: "Sweden enjoys a close bilateral relationship
with Iraq, and the Swedes of Iraqi descent constitute 3% of the Swedish people,
and this resulted in strong relations between our two countries." She
added, "Sweden will continue to support a stable and secure Iraq through
our bilateral development cooperation," stressing that "Her country
is proud to be part of the stabilization efforts in Iraq and continues its
commitment to contribute to this collaborative work to build a better future
for the displaced and those affected by the war on ISIS."
For his part, the Resident Representative of
the United Nations Development Program (UNDP), Oki Lootsma, said: "The
Government of the Kingdom of Sweden has been an important partner for the
United Nations Development Program," noting that "this new
contribution comes at a very important time, despite the fact that much
progress has been made, but the international work of the organization has not
ended." ".
He
stressed that "the Government of Sweden has expressed its firm commitment
to making a lasting impact on the lives of the Iraqi people by working together
to ensure that the gains made in previous years are preserved and built upon
further."
The stabilization program for the liberated areas of the
United Nations Development Program has completed, until April 2023, more than
3,500 projects in the five liberated governorates, which are Anbar, Diyala,
Kirkuk, Nineveh and Salah al-Din.
These projects include rehabilitating schools, hospitals,
water stations, electricity networks and homes, and providing short-term job
opportunities. These projects have improved the lives of more than 8.3 million
Iraqi men and women and facilitated the return of 4.9 million people displaced
by the conflict against ISIS. https://www.radionawa.com/all-detail.aspx?jimare=34271
A Slight Decrease In The Exchange Rates Of The
Dollar In Baghdad
Friday 05 May 2023 13:30 | Economical Number of readings:
260 Baghdad / NINA / - Today, Friday, the exchange rates of the dollar
against the dinar recorded a slight decrease in the main stock exchange and
local markets in Baghdad.
The selling price of the dollar reached 145,500 dinars per
100 dollars, and the purchase price reached 143,500 dinars per 100 dollars in
local banking offices./ End 8
https://ninanews.com/Website/News/Details?key=1051409
Parliament Will Host Tomorrow The Minister Of
Finance And A Number Of Governors To Discuss Budget Allocations
Friday 05 May 2023 16:35 | political Number of readings:
66 Baghdad / NINA / An informed source revealed that Parliament will host
tomorrow, Saturday, the Minister of Finance and a number of governors, to
discuss budget allocations for the governorates
https://ninanews.com/Website/News/Details?key=1051439
Oil Records A Weekly Decline For The Third
Time In A Row
Economy| 09:17 - 05/05/2023 Baghdad - Mawazine
News Oil prices are heading to record a weekly decline for the third time
in a row, in the longest period of losses witnessed since the beginning of the
year, due to market fears of a slowing economy and the banking sector crisis in
the United States that prompted investors to avoid risk.
Despite this, West Texas Intermediate crude prices rose
towards the level of $69 a barrel today, Friday, and the US benchmark crude
fell by about 10% during this week's trading, after a four-day deterioration.
The trading movement was characterized by a rapid,
dramatic decline in the beginning of Thursday's trading, when prices collapsed
until they touched the lowest level in the middle of the session since 2021.
Oil was negatively affected by rising concerns that the US
economy is on its way to falling into a recession, potentially hurting energy
consumption rates, at a time when investors are tracking signs of continued
stability among regional banks. Moreover, Saudi Arabia, a major oil exporting
country and leader of the OPEC+ alliance, has lowered its oil selling prices to
Asia.
Oil prices fell by 14% since the beginning of the year,
even after the decision of the Organization of the Petroleum Exporting
Countries "OPEC" and its allies to reduce production starting from
this month. This decline in prices came despite signs of strength in the oil
market for direct transactions, which indicates that the wave of heavy selling
may have been exaggerated. In this context, Shell CEO Wael Sawan said this week
that the oil market is already suffering from a "severe shortage of
supply."
Warren Patterson, Head of Commodity Strategy at ING Groep,
said: “While negative sentiment prevails at the moment, the market is in
oversold territory and our calculations reveal that the oil market will be in
deficit over the second half of the year. year, which should drive prices
higher.”