Home
[size=36]A government expectation that Iraqi crude oil production will exceed 6 million barrels[/size]
Economie| 02:45 - 12/10/2021
[You must be registered and logged in to see this image.]
[You must be registered and logged in to see this link.]
[You must be registered and logged in to see this link.]
Baghdad - Mawazine News,
the financial advisor to the Prime Minister, Mazhar Muhammad Salih, expected, on Tuesday, the recovery of the Iraqi economy during the next five years, and crude oil production exceeding 6 million barrels, while stressing the need to legislate the partnership law between the state and the private sector.
Saleh said, according to the official agency, that "the Iraqi economy will coexist strongly with the cycle of oil assets, as global demand for hydrocarbons will increase with the high growth rates in the global economy, and the epidemic represented by the Corona pandemic will enter the cycle of inactivity and inversely with the growth of energy markets."
He added that, "Based on the foregoing, Iraq will produce more than 6 million barrels of crude oil, boosted by undoubtedly high returns," explaining that "such a major change in Iraq's financial flows undoubtedly requires a broad and effective development programme."
He pointed out that "this development program is implemented in two tracks, the first is to reshape Iraq's infrastructure in its trans-provincial strategic forms, especially ports, railway networks, land transport and the digital economy. Represented by: drinking water, sewage, electricity and paving roads.
He pointed out that "one of the direct tasks of the state is to monitor the appropriate allocations in the investment budget, which should be described in detail in a solid five-year plan for the reconstruction of the physical infrastructure."
He continued: "As for the second development track, it turns to the state's role in developing market institutions, both production and service, which requires the development of the legal and regulatory infrastructure that promotes market institutions by spreading partnership between the state and the private sector and entering into the social market system, which requires the establishment of a facilitating system for registering companies, and is linked to This issue is motivated by two things, the first is to provide soft development financing through a government or government-supported national development fund, and loans are granted to emerging and successful companies, even if they are small, provided that successful companies obtain tax exemptions whenever the added value of the activity increases and the operating rates increase.”
He pointed out that "the second matter is the reorganization of the labor market towards limiting the labor force and describing its skills and the geography of its work, by creating a national number and an advanced digital system to identify workers in the private sector, to be prepared in cooperation between the Ministries of Planning, Labor and Social Affairs to map the Iraqi labor market, including It enables knowledge of supply and demand functions and labor market stability by identifying employment levels and actual unemployment rates.
And he indicated that "the issue also requires generating an atmosphere of homogeneity in the labor market itself between workers in the private sector and workers in the state, which requires the availability of high flexibility in the transition between jobs between the two sectors and according to need, provided that a joint and unified national pension fund be available for workers in the state and the private sector alike." Whether without discrimination, as well as providing acceptable limits for homogeneity of wages and salaries according to the skills of workers in the state and the market.
He stressed that "it has become appropriate to legislate the law on partnership between the state and the private sector, which has been submitted to the House of Representatives for years, to speed up its legislation, provided that it provides a balance in rights and duties between the participating parties in full swing and enhances governance, productive efficiency and operating the economy with a strong impulse that will inevitably require the five great years of Iraq's development." Really coming.” Ended 29/A 43
the financial advisor to the Prime Minister, Mazhar Muhammad Salih, expected, on Tuesday, the recovery of the Iraqi economy during the next five years, and crude oil production exceeding 6 million barrels, while stressing the need to legislate the partnership law between the state and the private sector.
Saleh said, according to the official agency, that "the Iraqi economy will coexist strongly with the cycle of oil assets, as global demand for hydrocarbons will increase with the high growth rates in the global economy, and the epidemic represented by the Corona pandemic will enter the cycle of inactivity and inversely with the growth of energy markets."
He added that, "Based on the foregoing, Iraq will produce more than 6 million barrels of crude oil, boosted by undoubtedly high returns," explaining that "such a major change in Iraq's financial flows undoubtedly requires a broad and effective development programme."
He pointed out that "this development program is implemented in two tracks, the first is to reshape Iraq's infrastructure in its trans-provincial strategic forms, especially ports, railway networks, land transport and the digital economy. Represented by: drinking water, sewage, electricity and paving roads.
He pointed out that "one of the direct tasks of the state is to monitor the appropriate allocations in the investment budget, which should be described in detail in a solid five-year plan for the reconstruction of the physical infrastructure."
He continued: "As for the second development track, it turns to the state's role in developing market institutions, both production and service, which requires the development of the legal and regulatory infrastructure that promotes market institutions by spreading partnership between the state and the private sector and entering into the social market system, which requires the establishment of a facilitating system for registering companies, and is linked to This issue is motivated by two things, the first is to provide soft development financing through a government or government-supported national development fund, and loans are granted to emerging and successful companies, even if they are small, provided that successful companies obtain tax exemptions whenever the added value of the activity increases and the operating rates increase.”
He pointed out that "the second matter is the reorganization of the labor market towards limiting the labor force and describing its skills and the geography of its work, by creating a national number and an advanced digital system to identify workers in the private sector, to be prepared in cooperation between the Ministries of Planning, Labor and Social Affairs to map the Iraqi labor market, including It enables knowledge of supply and demand functions and labor market stability by identifying employment levels and actual unemployment rates.
And he indicated that "the issue also requires generating an atmosphere of homogeneity in the labor market itself between workers in the private sector and workers in the state, which requires the availability of high flexibility in the transition between jobs between the two sectors and according to need, provided that a joint and unified national pension fund be available for workers in the state and the private sector alike." Whether without discrimination, as well as providing acceptable limits for homogeneity of wages and salaries according to the skills of workers in the state and the market.
He stressed that "it has become appropriate to legislate the law on partnership between the state and the private sector, which has been submitted to the House of Representatives for years, to speed up its legislation, provided that it provides a balance in rights and duties between the participating parties in full swing and enhances governance, productive efficiency and operating the economy with a strong impulse that will inevitably require the five great years of Iraq's development." Really coming.” Ended 29/A 43
[You must be registered and logged in to see this link.]
» Ports Authority notes the fate of the five berths in the Grand Faw Port
» MP: Why is the regional government fighting the civil banks war and leaving the core of the issue?
» Political researcher: The amendment will include sovereign ministries
» Retirement: End of service bonus paid to more than 7,000 retirees
» Al-Mashhadani stresses the importance of the role of the Audit Bureau in combating administrative an
» Al-Mashhadani and Al-Hakim discuss parliament’s approval of important laws
» Parliamentary consensus to pass controversial laws soon
» Currency Auction.. Increase in the Central Bank of Iraq’s sales of foreign remittances
» Interior Ministry dismantles 600 drug networks, electronic passport to be introduced soon - Press co
» utube 11/2/24 MM&C Report-Iraq 3 Presidents-National-Constitutional Entitlements-Open Market Operati
» utube 11/5/24 MM&C MM&C News Report-ICC-Investors-RIYADA BANK-Port of Faw-3 Presidents Seated-Removi
» Foreign Minister warns of major and dangerous economic repercussions
» Roadmap for Reform
» Government reshuffle looms over Al-Sudani’s cabinet.. The compass of change is heading towards 4 min
» Parliamentary move to legalize foreign labor in Basra
» Parliament intends to amend the retirement law and return the service age to 63 years
» Parliamentary move to question a senior official and complete procedures against the Minister of Com
» Legal expert explains the mechanism for forming the Kurdistan Regional Government
» Silk Road imposes a state of maximum alert suddenly
» Sheikh Raouf: There is an urgent need to find a constructive, corrective opposition in Kurdistan
» Green light from Baghdad to build the first waste recycling plant in eastern Iraq
» MP: Al-Mashhadani discussed 3 important files with parliamentary blocs
» MP: Al-Mashhadani's election will not affect the completion of legislation
» Parliamentary Oil: Investment in associated gas in fields exceeds 60%
» IMF: Foreign investment outperforms sovereign funds in generating growth in Gulf
» Categories exempted from the curfew in the population census.. Get to know them
» Kurdish investment trend in central and southern Iraq.. What are the reasons?
» Iraq exports more than 6 million barrels of oil to America in a month
» The Private Banks Association supports the Prime Minister’s directives to localize private sector em
» Parliamentary confirmation to support financial oversight in combating corruption
» Next Sunday.. Celebrating Baghdad Day
» Sayyid Sistani's commandments
» New services for health insurance subscribers
» Al-Sudani directs ministries to leave (cash)
» Mr. Sistani sets a roadmap for Iraq’s prosperity
» OPEC+ postpones production increase
» Government Advisor to {Sabah}: Turkish companies’ expertise has given them importance in implementin
» The future of smart cities in Iraq is on the table for discussion
» Expectations of achieving agricultural self-sufficiency within 3-5 years
» Ministry of Agriculture: Launches the Electronic Inquiry System Service
» Electricity contract employees demonstrate in Maysan to demand permanent employment
» The Council of Ministers holds its regular session headed by Al-Sudani
» Iraqi oil exports to America amounted to more than 6 million barrels during the past month
» Launching the major national campaign to raise awareness of the Social Security Law
» Private Banks Association: We support the Prime Minister’s directives to localize private sector emp
» Parliamentary Committee: The Social Security Fund has become sovereign and the legislation of the la
» Britain launches programme inside Iraq to combat 'Kurdish human trafficking gangs' in France
» Warnings of delay in forming the regional government: will push regional and international parties t
» Dollar prices rise again in Baghdad Stock Exchange and Exchanges
» Al-Sudani praises the assistance provided by the United Nations mission to Iraq in facing challenges
» The Private Banks Association announces its support for Al-Sudani’s approach to localizing private s
» Interior: We have achieved a very significant decrease in crime rates across the country
» The Private Banks Association announces its support for Al-Sudani’s approach to localizing private s
» Iraq, Saudi Arabia sign MoU for military cooperation, boost bilateral ties
» Transportation: Direct flights to 4 global cities
» Prime Minister stresses importance of Mr. Sistani's diagnosis of Iraq's needs
» “To enhance national security”.. Parliamentary Committee: Intelligence Service Law is ready to be pr
» Optimism for a bountiful agricultural season.. Kurdistan Region records record high rainfall amounts
» Al-Sistani’s “Seven Commandments” occupy Iraqi politics.. A reading of the position of the authority
» As the date approaches, will Article 140 hinder the population census?
» Prime Minister directs unification of efforts in the Iraqi Media Network
» “Framework” coups with Sunni facades on the map of local governments in preparation for the 2025 ele
» Parliament intends to extend the legislative session for a month
» Difficult tests facing Parliament.. What are the scenarios for the remainder of the current session?
» Parliamentary Security: Iran will launch a new strike against “Israel” within a short period.. What
» Barzani to Romanowski: We have started negotiations to form the tenth government and no veto on any
» Al-Sudani directs the localization of private sector salaries and sets a date for the departure of c
» Bakhtiar Haji meets a delegation from the General Directorate of Civil Defense in the Kurdistan Regi
» New Cities Authority sets timeframes for project completion, reveals details of its services
» Oil announces completion of drilling and rehabilitating 15 wells during the past month
» Ministerial Council for Economy: Taking the necessary measures and decisions that contribute to mark
» Parliamentary Legal: There is a trend to extend the legislative term of Parliament
» What is the truth about extending the legislative term of the House of Representatives?
» The "Freedom of Demonstration" Law is Ready for Voting.. How Was It Amended?
» Mr. Al-Sadr on the US elections: It is shameful for an Arab to pin his hopes on a senile or insane p
» Laws stuck hostage to disputes between blocs
» Doubts after the decline in power supply at the beginning of each month.. Is there a deal between ge
» Integrity and the Financial Supervision Bureau agree to activate the cooperation agreement between t
» Al-Mashhadani faces 170 suspended laws.. Will they be approved or deported?
» Parliamentary demands to cancel the security agreement with Washington
» MP: Oil derivatives smuggling has decreased by 80% in Iraq
» After years of controversy, the Minority Protection Act is submitted for the first reading
» Al-Sayhoud: The ministerial reshuffle is useless for several reasons
» Iraqi government makes changes to the General Secretariat: Al-Juhaishi succeeds Al-Halbousi
» Extension of the legislative term of the Iraqi parliament for an additional month to pass laws
» Prime Minister: The necessity of strengthening Iraq's position to be at the forefront of the region'
» Parliamentary Transportation: We are determined to pass the Civil Aviation Authority Law
» Baghdad Council: Study of the reality of companies applying to implement projects
» Water Resources announces its control over the oil slick in the Tigris River
» Reconstruction: A new government vision for distributing serviced lands among those entitled to them
» Parliamentary Immigration Committee demands increasing the amount of the return grant
» Accreditation of specialized graduates to support quality control
» Heritage markets and buildings in Mosul after its reconstruction
» Specialized committee to ensure acceptance of cybersecurity outputs
» The Ministry of Interior issues mechanisms to regulate the work of private security companies
» Baghdad Council: Study of the reality of companies applying to implement projects
» Welcome to the trends of establishing an administrative capital
» Securities trade more than 88 billion shares