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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Foreign Minister: We seek to make Iraq a gas producer within 4 years

    Rocky
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    Foreign Minister: We seek to make Iraq a gas producer within 4 years Empty Foreign Minister: We seek to make Iraq a gas producer within 4 years

    Post by Rocky Thu 06 Jul 2023, 4:13 am

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    [size=52]Foreign Minister: We seek to make Iraq a gas producer within 4 years[/size]

    [size=45]Translated by: Hamed Ahmed[/size]
    [size=45]During his meeting with British economic officials at the Arab-British Chamber of Commerce in London, Iraqi Foreign Minister Fuad Hussein said that Iraq's economy cannot flourish if the country's security is not guaranteed.[/size]
    [size=45]Hussein said that Iraq has come a long way since the invasion of ISIS in 2014 and that it is more secure now, but there are challenges related to the country's aspirations that still exist because the country's economy relies on oil imports only with volatile prices in the market.[/size]
    [size=45]“Investment needs security,” he stressed. When there is established security in Iraq, then we will be able to talk about better economic relations.”[/size]
    [size=45]Foreign Minister Hussein had attended the activities of the British-Iraqi strategic dialogue, which was held in London on July 3-4, 2023, and met with his counterpart, James Cleverly, the Minister of Foreign Affairs of the Commonwealth and Development of the United Kingdom of Great Britain and Northern Ireland, and this dialogue comes on the basis of signing the British strategic partnership agreement – Iraqiya in Baghdad in June 2021, which emphasized the consolidation of bilateral cooperation between the two countries and renewed the United Kingdom's commitment to the long-term security, stability and sovereignty of Iraq.[/size]
    [size=45]The current strategic dialogue stressed, during a joint statement on this occasion, the strength and broad horizons of bilateral relations between the United Kingdom and Iraq, and both governments reaffirmed their commitment to work together for their regional and global interests. The two ministers agreed to develop and expand cooperation in a wide range of various economic, trade, financial, health, defense and security sectors, and matters relating to the environment and climate change.[/size]
    [size=45]Hussein said in an interview with (The National News) news website that Iraq's historical relations with the United Kingdom, which date back to the period of the British Mandate and the establishment of Iraq in 1921, lie at the heart of this agreement, and he said that the British were in Iraq from the first day.[/size]
    [size=45]Regarding security issues, Hussein said, "There may also be an exchange of information between the two countries regarding cases of human trafficking, drug smuggling and money laundering."[/size]
    [size=45]The two ministers, according to the joint statement, had agreed to continue depriving ISIS of its space for activity in Iraq and welcomed the commitment of the United Kingdom and Iraq to support the international coalition against ISIS and welcomed the commitment of the Iraqi government to protect the coalition headquarters and buildings of diplomatic missions in Iraq.[/size]
    [size=45]He said he hopes to boost investments in Iraq, attract foreign investors to the country in all sectors, and diversify the sources of the economy, noting that the country's continued dependence on oil imports, which constitute 90% of its budget, will lead to the weakness and fragility of the economy due to the volatility of oil prices and the possibility of their decline.[/size]
    [size=45]Hussein said he hoped that Iraq would become a gas producing country within 3 to 4 years by signing an agreement with Total in April to collect, process and manufacture associated gas in three oil fields to supply fuel for power stations. He added that Iraq now relies on gas imported from Iran to meet 43% of its electricity needs.[/size]
    [size=45]He said that there is a fierce spiral that has appeared in the inflation and sagging of the public sector, which includes more than 6 million people, which works in turn to impede the growth and development of the private sector. He added, "Young people want to join government jobs because they guarantee a salary in the future, and this is a result of the weakness of the private sector."[/size]
    [size=45]He said that the culture of the central economy is clear in the oil sector, that it is similar to the military or security apparatus under Saddam's rule, that it causes difficulty in creating a new private economic sector.[/size]
    [size=45]The Iraqi economy had suffered great damage during the blockade imposed by the Security Council on the country in the 1990s, as well as 40 years of wars and conflicts that began with the outbreak of the Iran-Iraq war.[/size]
    [size=45]Foreign Minister Hussein said, “The wars destroyed our infrastructure, I do not mean the loss of buildings and bridges, but rather affected the health care, education and agriculture sectors. Our culture has been replaced by a culture of war. For those who lived through the war, the question is (how did they live it?).”[/size]
    [size=45]He said he hoped for a democratic future for Iraq, stressing, "We are on the right path."[/size]
    [size=45]On Tuesday, the minister met with the President of the European Bank for Reconstruction and Development, Odile Rono Basso, and they discussed ways to strengthen bilateral relations between Iraq and the bank, in a way that guarantees the possibility of strengthening the private sector in Iraq and digitizing the banking system. Hussein stressed the importance of partnership with the European Bank to support the Iraqi government's plan to diversify the sources of the national economy.[/size]
    [size=45]About: (The National News) news website and the official British government website[/size]
    [size=45][You must be registered and logged in to see this link.]

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