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Advisor to the Prime Minister: China agreement will enter into force this year
- Time: 03/29/2021 23:48:28
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{Economic: Al Furat News} The Prime Minister’s Advisor for Financial Affairs, Mazhar Muhammad Salih, revealed that the Iraqi-Chinese agreement could not be implemented last year. It will enter into force after the approval of the draft federal budget law for 2021.
Al-Mukhtasar al-Mufid .. In important news, you can find it on the Al Furat News channel on the Telegram .. [You must be registered and logged in to see this link.]
Saleh said in a press statement, "As everyone knows, the term of the agreement is 20 years, and it was signed in Beijing on September 23, 2020 during the government of former Prime Minister Adel Abdul Mahdi, and it became effective after about a month, on October 18, but the financial crisis delayed "To implement it, as putting money in the Iraqi-Chinese fund faltered. China closed the world when the pandemic began. In general, there were obstacles from the Chinese and Iraqi sides for reasons beyond the control of both parties."
Saleh added According to my knowledge, the 2021 budget law includes financing the Iraqi-Chinese agreement, in the amount of two billion to implement projects agreed upon between the two parties, and the two billion can be added to loans and other amounts under the agreement and with credit support from the Chinese side. If the budget goes, including the agreement financing clause; The Iraqi-Chinese agreement will start working on it starting this year, as it was not implemented last year due to the lack of a budget.
He pointed out that, the agreement "includes depositing the amounts of 100,000 barrels of oil into the fund to finance the projects that are implemented through the agreement, whereby the Chinese side completes the amounts required for the projects, but I expect that Iraq will increase its production in the future to finance the agreement fund by 500 thousand barrels per day, as China is currently the second. A trading partner for Iraq. "
Ammar Al-Masoudi
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{Economic: Al Furat News} The Prime Minister’s Advisor for Financial Affairs, Mazhar Muhammad Salih, revealed that the Iraqi-Chinese agreement could not be implemented last year. It will enter into force after the approval of the draft federal budget law for 2021.
Al-Mukhtasar al-Mufid .. In important news, you can find it on the Al Furat News channel on the Telegram .. [You must be registered and logged in to see this link.]
Saleh said in a press statement, "As everyone knows, the term of the agreement is 20 years, and it was signed in Beijing on September 23, 2020 during the government of former Prime Minister Adel Abdul Mahdi, and it became effective after about a month, on October 18, but the financial crisis delayed "To implement it, as putting money in the Iraqi-Chinese fund faltered. China closed the world when the pandemic began. In general, there were obstacles from the Chinese and Iraqi sides for reasons beyond the control of both parties."
Saleh added According to my knowledge, the 2021 budget law includes financing the Iraqi-Chinese agreement, in the amount of two billion to implement projects agreed upon between the two parties, and the two billion can be added to loans and other amounts under the agreement and with credit support from the Chinese side. If the budget goes, including the agreement financing clause; The Iraqi-Chinese agreement will start working on it starting this year, as it was not implemented last year due to the lack of a budget.
He pointed out that, the agreement "includes depositing the amounts of 100,000 barrels of oil into the fund to finance the projects that are implemented through the agreement, whereby the Chinese side completes the amounts required for the projects, but I expect that Iraq will increase its production in the future to finance the agreement fund by 500 thousand barrels per day, as China is currently the second. A trading partner for Iraq. "
Ammar Al-Masoudi
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