Iraqi went to "swap" oil for "half" manufactured goods

Iraqi went to "swap" oil for "half" manufactured goods



Baghdad - The Journal News
The adviser in the Baghdad Investment Authority d. Zuhair al-Hassani said that "the barter system does not have any legal forms for being the exchange of crude oil for goods and goods."

"Barbarism or exchange is subject to the strength of supply and demand and competitive power between countries for the different production of these goods," Hassani said in a statement to the Journal News. "If global oil prices, including Iraq's crude oil, rise, it will help to conclude commercial contracts between Iraq And other countries. "

He added that "the import must be determined by controls, including be semi-manufactured goods, which is involved in the process of supplying the national economy and infrastructure and stimulate the public sector and private," noting that "the public sector is welcome private sector partnership and strong entry into the domestic market," pointing out that " Imported goods and services contribute to the economy, and this step is not intended to limit national industry. "

He pointed out that "the completion of projects stalled in the stage of re-completion of the completion of the government is continuing to pay the dues of contractors and the cancellation of debt from them," noting that "international loans contribute to the completion of projects stall and also contribute to the reconstruction of liberated areas."

"The end of the military operations and the expected rise in global crude oil prices supports the national economy, which is the re-drawing of previous plans and policies with new visions and ideas to try to promote the national economy," said a member of the investment committee in the Baghdad Provincial Council.

Saleh added in a statement to the «Journal News», that "nearly 75% of the projects stopped work permanently, especially after the introduction of a need to coincide with the financial crisis," and showed that "the neighboring countries and the Kurdistan region sits on the throne of investment polarization because of the stability of the security situation and the creation Noting that the step of the exchange of national crude oil with the foreign companies coming to complete the stalled projects, as well as the exchange of oil with countries to import the local need of goods, goods and services.

"The need to provide electricity to re-operate factories and factories and maximize revenues and stay away from the sole dependence of oil."

Minister of Planning Salman Jumaili announced earlier the launch of 781 billion dinars from the receivables of contractors, indicating that these receivables are distributed among a number of ministries and entities not associated with the Ministry and the provinces in the framework of projects implemented within the investment program or regional development program and petrodollar program.

Jumaili said in a press statement that "781 billion and 274 million dinars of the dues of contractors have been released after the approval of the Financial Control Bureau, and contractors will receive 40% of their total amount of this amount, amounting to 300 billion and 457 million dinars."

He added that "the ministry has completed all procedures related to the disbursement of these receivables and sent to the Ministry of Finance, which will be disbursed in cooperation with the Central Bank of Iraq," explaining that "these receivables are distributed among a number of ministries and entities not associated with the Ministry and the provinces in the framework of projects implemented within the investment program or Regional Development Program and Petrodollar Program ".

He continued, "These receivables that were launched represent 57% of the first meal is being launched and the amount of Trluna and 364 billion dinars," noting that "work is in full swing to complete all receivables after being audited by the Diwan Financial Supervision".

It is noteworthy that the cabinet face earlier regardless of dues overdue contractors "immediately"
and said Iraq 's ambassador to Cairo Habib al- Sadr, said that "the Minister of Trade and Industry of Egypt Tarek Cain and his Iraqi counterpart , Salman al - Jumaili meeting comes in the context of the continuation of official meetings between senior Egyptian and Iraqi officials for Improve the bilateral relations between the two countries. "

In an interview on the sidelines of the ministerial meeting of the Economic and Social Council of the League of Arab States, the Iraqi ambassador said that the Egyptian minister put forward the idea of ​​supplying Egypt with Iraq with Egyptian goods in return for supplying Iraq with crude oil. He pointed out that there is an upcoming visit to the Assistant President of National Projects Eng. Ibrahim Mahleb to Iraq to facilitate the entry of Egyptian workers into the Iraqi arena for the reconstruction of Iraq.

Al-Sadr pointed out that the Egyptian and Iraqi ministers of industry discussed ways to boost bilateral relations and trade exchange, especially as there are encouraging new data in this field, including the reopening of the Tripoli border crossing, which facilitates the flow of Egyptian goods to Iraqi markets. The opening of Arar port between the Iraqi-Saudi border for the passage of Egyptian goods through it to Iraq, and the good preparation of the Iraqi-Egyptian Presidential Joint Committee to be held soon in Baghdad. The two ministers also discussed the files and memorandums of understanding on the agenda of the High Committee Hip, headed by the prime ministers of both countries.

The two ministers discussed the opening of an Egyptian trade center in Baghdad to present the investment opportunities and Egyptian goods available for export to meet all the questions of Iraqi businessmen and facilitate trade exchange, as well as discussing the establishment of Egyptian exhibitions in different Iraqi provinces, such as the Egyptian exhibition in the holy province of Karbala Which is currently in place.

Al-Sadr noted that the two ministers discussed facilitating the entry of Iraqi businessmen and investors to Egypt, especially that Iraq has submitted to Egypt a list of 110 names of these for the purpose of granting them a visa to Egypt for a year.

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I really like thus quite, now it might be time to move forward. Duck always said, " Nothing till it's done".

"The end of the military operations and the expected rise in global crude oil prices supports the national economy, which is the re-drawing of previous plans and policies with new visions and ideas to try to promote the national economy," said a member of the investment committee in the Baghdad Provincial Council.

Neno wrote:I really like thus quite, now it might be time to move forward. Duck always said, " Nothing till it's done".

"The end of the military operations and the expected rise in global crude oil prices supports the national economy, which is the re-drawing of previous plans and policies with new visions and ideas to try to promote the national economy," said a member of the investment committee in the Baghdad Provincial Council.

He sure did say this!!  

Too bad that I can't remember everything that duck said... But I like it!!!

weslin3 wrote:Too bad that I can't remember everything that duck said... But I like it!!!

I know weslin , same here but I remember this!!  

where is duck

That's a good question rocky.. :-(