money and business

money and business






 Turkey announces higher exports of chicken meat to Iraq 
Turkey announced on Saturday that its exports of chicken meat to Iraq have increased, noting that chicken legs go to China, which is its biggest consumer. 
According to data released by the Council of Turkish exporters, the volume of exports of poultry meat increased to Iraq by 49 percent in the first nine months of the year 2017 compared to the same period last year, "indicating that" the volume of these exports amounted to 238 million dollars " . 
"Iraq is the biggest destination for Turkish meat exports, accounting for 63 percent of exports," said Ghandeek, director of Gedek Poultry Company. "Poultry legs go to China, which is the biggest consumer."
It is noteworthy that Iraq is still dependent on neighboring countries to import chicken meat to meet the needs of local ones, and the most countries that import chicken meat, including Turkey and Iran.
 
أو Oglu calls the parliament to enact the law of oil and gas and include the phrase "oil extracted" 
called the decision of the House of Representatives MP Niasi Myanmar Oglu, the parliament to pass the legislation of the law of oil and gas and include the phrase "extracted oil," noting that the draft bill is still in the drawers of the parliamentary energy and legal committees since More than ten years. 
"The Iraqi Council of Representatives is required to proceed with the passage of the law of oil and gas by including the phrase oil extracted as contained in the Constitution, which is extracted in any part of the land of Iraq," noting that "the northern region says that the Constitution provided for oil sites extracted for the year 2005 did not address the oil, which will be extracted such as oil extracted in the regions of the region.
"The draft oil and gas bill is still in the lists of oil and energy and legal committees of Representatives for more than ten years, unfortunately because of incompatibility," said Oglu, adding that "it is regrettable to continue to agree on the national wealth that belongs to all Iraqis." 
"The legislation of this law and the activation of this vital file will solve many of the crises that raging between the government of the center and the region, as well as the taboo of oil and gas producing provinces." 
On January 18, 2017, the Ministry of Oil announced the completion of the draft oil and gas law and sent it to the Secretariat of the Council of Ministers, noting that the aim is to seek and work on the optimal investment of the national wealth of oil and gas.
 
زيادة Increase oil exports from the South 
According to the Iraqi Oil Ministry that Iraq increased on Saturday, oil exports from the southern Basra area 200,000 barrels per day to compensate for the shortage of fields in northern Kirkuk. 
"The decision we have made comes as compensation for the losses Iraq lost as a result of the drop in oil exports from the northern fields through the Turkish port of Ceyhan because of law enforcement operations in Kirkuk and a number of northern provinces," the ministry said in a statement. 
"The increase in Basra exports keeps the total Iraqi oil production within its OPEC quota," the minister added.
He announced that the company «Basra oil» pumping 200 thousand barrels per day from the fields of the center and south, in addition to the rate of daily oil exports of more than three million and 200 thousand barrels per day, which are exported through southern ports. "The pumping of new quantities will be continued until oil exports from northern fields return to their previous levels," he said. 
Production from the northern Kirkuk region fell last week as a result of military operations aimed at recovering the region from Kurdish fighters who have been in the region since 2014. 
An oil ministry official said on Thursday that Iraq would not be able to return oil production from Kirkuk to the previous levels before Sunday Due to loss of equipment in the Avana and Bay Hassan fields, two of the region's largest oil fields.
Before the closure, the northern oil region exported about 530 thousand barrels per day, half of them from the Kurdistan region of Iraq and the rest of the province of Kirkuk.


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