Al-Sudani: We have made economic reform a top priority and we are seeking to diversify energy sources
[You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.]
Economy News - Baghdad
Today, Wednesday, Prime Minister Muhammad Shiaa Al-Sudani announced the launch of carbon reduction projects in the East Baghdad field. While he indicated that Iraq is seeking to diversify energy sources, he stressed that the development road project carries a package of positive economic goals.
Al-Sudani said in his speech at the Russian Energy Week Forum in its sixth session, “We are participating today in the Russian Energy Week Forum, in its sixth session, on behalf of Iraq, out of our belief that cooperation in the field of energy, and joining hands with each other in facing the challenges of electricity and the oil, petrochemical and gas industries, These are steps that will provide prosperity and progress, and will work to support us all in a world in which technology is accelerating and the demand for energy is rising every day,” noting that “Iraq, whose name has been firmly established on the map of oil production and export, is seeking to diversify energy sources and not depend its economy on oil.” Just".
He added, "Our government has set its sights on the global energy transition, represented by carbon reduction projects and energy efficiency projects," noting that "with commitments to reduce carbon emissions until the year 2045, as well as to help preserve the status of oil and gas as energy sources, which are considered... The mainstay of our economies, and sustaining them in a responsible and environmentally friendly manner is in our interest as countries. For this goal, we have begun launching carbon reduction projects financed by carbon bonds for gas projects in the East Baghdad field.”
He stressed that "the oil-producing countries can play an important role in this field, by working to improve energy efficiency, because climate restrictions are to combat the climate effects of fossil fuels, not the fuel itself, in order for oil to remain competitive in terms of its carbon footprint, when it becomes A feature of oil pricing,” pointing out that “Iraq has made strides in the fields of renewable energy, by adding solar generating capacities estimated at three thousand megawatts.”
He stated, "The government has set a clear goal of covering one-third of the local need for electricity by investing in renewable sources by 2030," pointing out "continuing to upgrade fossil fuel extraction techniques, and taking into account environmental aspects in this field."
He stated, “Most important of all is what we have planned for the optimal investment of gas, as our government is continuing with those efforts in order for Iraq to take the position that suits its capabilities in this economic market, in light of the global growth in demand for gas, which exceeds the supply.” Much," pointing out that "our government's vision adopts an approach in the energy sector, the basis of which is seeking to compensate for what our country lost, as successive regimes in Iraq, since the discovery of oil, did not invest in gas and resorted to burning it, which wasted this wealth and caused environmental pollution."
He stated that "the severity of the problem doubled with the loss of opportunities, the growing need for electric energy, and Iraq being forced to import gas, and the Iraqi people suffered the harm they suffered as a result of delaying and waiting," noting that "Iraq's presentation of the importance of gas investment, through the fifth and sixth licensing rounds, It will create the opportunity to work and cooperate with global partners, which does not pose a threat to any producer or marketer, but rather aims for greater integration.”
He pointed to "Iraq's ability and entitlement, due to the resources and capabilities it possesses, to establish a solid foundation for partnership," explaining that "the opportunity has become ripe to achieve success together in creating factors that encourage peace. In the end, the matter depends on the type of approach that we will take, and we have chosen an approach that confronts the challenges and brings together... far apart, in addition to the necessity of diversifying energy sources and transportation methods, in order to reduce risks, as part of a broader framework for economic cooperation, consolidating security, and reducing reliance on security approaches based on conflict, competition, and armament.”
He stated that “solid infrastructure projects, with a wide impact on trade and regional transport, will attract international donors and development institutions, and this is what we are working on with all our capabilities,” adding that “our region, which is rich in natural resources, and which has been coupled at the same time with security turmoil and political competition, “It needs economic integration and a regional system that establishes cooperation and prosperity.”
He continued, “It is an unprecedented development road project in Iraq and the region, and it is being implemented, and we have proceeded with the projects attached to it, and it carries a package of positive economic goals in the medium and long term,” stressing “the necessity of creating a possible and promising practical interconnection between the countries of the region and the world, from Through the development path project, and through a philosophy that believes in the communication of investors and capital, from the largest possible number of countries and peoples, so that our region becomes a platform where interests, development desires, and job opportunities meet, after it was a scene of political and security tensions, and thus Iraq has taken a giant step. “On the path to enhancing cooperation with and among others.”
He stated, “In order to achieve balance in the energy market, we are in dire need of joint coordination and preventing negative competition, as some people have doubts about the coordination mechanism adopted in OPEC, but we draw attention to the necessity of balancing supply and demand, and preventing economic collapses and their political consequences.” Social, and impacts on the stability of the regions, as well as peace, security, and the state of stability internationally,” pointing out that “this mechanism contributes to the ability to maintain the stability of supplies and prices, as these coordination mechanisms do not only target oil prices, but rather go to support market stability globally.” “By ensuring the interests of the producer, consumer and investor alike.”
He pointed out, "Our government has placed among its priorities economic reform, which is centered around diversifying the economy instead of relying on oil. This is done through integrated projects for energy, industry, petrochemicals, fertilizers, and community services. We have developed a plan that includes eleven fields to be the first step towards these projects." He called on “specialized international companies to invest in these promising opportunities in light of a government commitment to creating and improving the work environment for the private sector, both local and foreign.”
He stressed "the need to coordinate efforts, allocate budgets, and make large joint investments in modern technologies and the infrastructure necessary to develop extraction and refining techniques."
Views 76
Added 10/11/2023 - 5:13 PM
[You must be registered and logged in to see this link.]
[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.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.]
Economy News - Baghdad
Today, Wednesday, Prime Minister Muhammad Shiaa Al-Sudani announced the launch of carbon reduction projects in the East Baghdad field. While he indicated that Iraq is seeking to diversify energy sources, he stressed that the development road project carries a package of positive economic goals.
Al-Sudani said in his speech at the Russian Energy Week Forum in its sixth session, “We are participating today in the Russian Energy Week Forum, in its sixth session, on behalf of Iraq, out of our belief that cooperation in the field of energy, and joining hands with each other in facing the challenges of electricity and the oil, petrochemical and gas industries, These are steps that will provide prosperity and progress, and will work to support us all in a world in which technology is accelerating and the demand for energy is rising every day,” noting that “Iraq, whose name has been firmly established on the map of oil production and export, is seeking to diversify energy sources and not depend its economy on oil.” Just".
He added, "Our government has set its sights on the global energy transition, represented by carbon reduction projects and energy efficiency projects," noting that "with commitments to reduce carbon emissions until the year 2045, as well as to help preserve the status of oil and gas as energy sources, which are considered... The mainstay of our economies, and sustaining them in a responsible and environmentally friendly manner is in our interest as countries. For this goal, we have begun launching carbon reduction projects financed by carbon bonds for gas projects in the East Baghdad field.”
He stressed that "the oil-producing countries can play an important role in this field, by working to improve energy efficiency, because climate restrictions are to combat the climate effects of fossil fuels, not the fuel itself, in order for oil to remain competitive in terms of its carbon footprint, when it becomes A feature of oil pricing,” pointing out that “Iraq has made strides in the fields of renewable energy, by adding solar generating capacities estimated at three thousand megawatts.”
He stated, "The government has set a clear goal of covering one-third of the local need for electricity by investing in renewable sources by 2030," pointing out "continuing to upgrade fossil fuel extraction techniques, and taking into account environmental aspects in this field."
He stated, “Most important of all is what we have planned for the optimal investment of gas, as our government is continuing with those efforts in order for Iraq to take the position that suits its capabilities in this economic market, in light of the global growth in demand for gas, which exceeds the supply.” Much," pointing out that "our government's vision adopts an approach in the energy sector, the basis of which is seeking to compensate for what our country lost, as successive regimes in Iraq, since the discovery of oil, did not invest in gas and resorted to burning it, which wasted this wealth and caused environmental pollution."
He stated that "the severity of the problem doubled with the loss of opportunities, the growing need for electric energy, and Iraq being forced to import gas, and the Iraqi people suffered the harm they suffered as a result of delaying and waiting," noting that "Iraq's presentation of the importance of gas investment, through the fifth and sixth licensing rounds, It will create the opportunity to work and cooperate with global partners, which does not pose a threat to any producer or marketer, but rather aims for greater integration.”
He pointed to "Iraq's ability and entitlement, due to the resources and capabilities it possesses, to establish a solid foundation for partnership," explaining that "the opportunity has become ripe to achieve success together in creating factors that encourage peace. In the end, the matter depends on the type of approach that we will take, and we have chosen an approach that confronts the challenges and brings together... far apart, in addition to the necessity of diversifying energy sources and transportation methods, in order to reduce risks, as part of a broader framework for economic cooperation, consolidating security, and reducing reliance on security approaches based on conflict, competition, and armament.”
He stated that “solid infrastructure projects, with a wide impact on trade and regional transport, will attract international donors and development institutions, and this is what we are working on with all our capabilities,” adding that “our region, which is rich in natural resources, and which has been coupled at the same time with security turmoil and political competition, “It needs economic integration and a regional system that establishes cooperation and prosperity.”
He continued, “It is an unprecedented development road project in Iraq and the region, and it is being implemented, and we have proceeded with the projects attached to it, and it carries a package of positive economic goals in the medium and long term,” stressing “the necessity of creating a possible and promising practical interconnection between the countries of the region and the world, from Through the development path project, and through a philosophy that believes in the communication of investors and capital, from the largest possible number of countries and peoples, so that our region becomes a platform where interests, development desires, and job opportunities meet, after it was a scene of political and security tensions, and thus Iraq has taken a giant step. “On the path to enhancing cooperation with and among others.”
He stated, “In order to achieve balance in the energy market, we are in dire need of joint coordination and preventing negative competition, as some people have doubts about the coordination mechanism adopted in OPEC, but we draw attention to the necessity of balancing supply and demand, and preventing economic collapses and their political consequences.” Social, and impacts on the stability of the regions, as well as peace, security, and the state of stability internationally,” pointing out that “this mechanism contributes to the ability to maintain the stability of supplies and prices, as these coordination mechanisms do not only target oil prices, but rather go to support market stability globally.” “By ensuring the interests of the producer, consumer and investor alike.”
He pointed out, "Our government has placed among its priorities economic reform, which is centered around diversifying the economy instead of relying on oil. This is done through integrated projects for energy, industry, petrochemicals, fertilizers, and community services. We have developed a plan that includes eleven fields to be the first step towards these projects." He called on “specialized international companies to invest in these promising opportunities in light of a government commitment to creating and improving the work environment for the private sector, both local and foreign.”
He stressed "the need to coordinate efforts, allocate budgets, and make large joint investments in modern technologies and the infrastructure necessary to develop extraction and refining techniques."
Views 76
Added 10/11/2023 - 5:13 PM
[You must be registered and logged in to see this link.]
» Iraq's Economy Under the Bullets: How Violence Affects Investment
» Behind the Shadow: Lobbies in America Want to Control Iraq... and Representative Arab: Attempts to Q
» The dollar in the parallel market.. Al-Sudani’s advisor presents a different vision and economic exp
» More than one billion dollars is the volume of trade exchange between Iraq and Brazil
» Two years to complete the project.. Japan continues $ 4.5 billion to build an oil refinery in Iraq
» Bloomberg Survey: OPEC Oil Production in June Stabilizes for Third Month, Here's Iraq's Position
» Chairman of the Securities Commission: The value of traded shares during the first half of 2024 amou
» After decades of neglect.. A government plan to revive Maysan factories
» Law: Maliki’s call for early elections “still stands”
» MP: Washington failed in 5 Iraqi files
» Oil clarifies regarding the employment of national workers in licensing round projects
» Interior Ministry gives citizens 6 months to register and sell their weapons: Life imprisonment awai
» US Ambassador visits Chief Justice
» The National Approach Parliamentary Party calls for the enactment of the Marshlands Law
» Electricity pledges to improve supplies by mid-month
» Prime Minister: We will not deviate from the mission of completing sovereignty
» Joint meeting to unify border crossing procedures
» "Strategic projects" between Iraq and Turkey in the water file
» Transportation: Five platforms nearing completion
» 3.5 million fiber optic lines to homes completed
» Oil companies.. global environmental standards and an absent law
» Rafidain Bank announces the implementation of the comprehensive banking system in the pharmacists’ b
» Iraqi-Pakistani agreement to develop agricultural cooperation in various fields
» "Under Strict Surveillance" Organized Crime Tracks Weapons Buying and Selling on Social Media
» "Public money" returns to the forefront and warnings against its exploitation for election propagand
» Massoud Barzani in Baghdad on Wednesday for the first time in 6 years.. What does he bring?
» 20 products in the first phase.. A three-year plan to revive Maysan factories
» Basra-Aqaba Pipeline.. American orders, Iraqi implementation, and Zionist benefit
» MP: We are waiting for the Foreign Ministry’s response to “Woltz’s” transgression, otherwise we will
» Parliamentary Integrity Commission reveals “routine procedures” that hinder the recovery of smuggled
» State Administration Coalition receives government program report: 68% implemented (video)
» An expert identifies three reasons for the return of the dollar’s rise and confirms: The solution
» Agriculture obliges livestock importers and butchers to set fixed meat prices
» London.. Mohammed Shukri represents the Prime Minister of the Kurdistan Regional Government at the (
» Health announces deduction rates for those covered by health insurance services
» Parliamentary Finance reveals the effects of the increase in oil prices and its difference in the 20
» Increase in sales of foreign remittances in the Central Bank of Iraq auction
» Barzani to visit Baghdad tomorrow, Wednesday
» Al-Sudani to Palestinian official: Iraq continues efforts to alleviate the suffering of civilians be
» Implementation of the comprehensive banking system of Rafidain Bank in 31 branches
» For the third month in a row, OPEC oil production remains stable
» MPs' opinions differ on the possibility of holding an extraordinary session to decide the position o
» What are the most important files that Massoud Barzani is scheduled to discuss in Baghdad tomorrow?
» Circumstances of “attacking the director of Al-Sha’la Municipality”: Brokers are outlaws, not citize
» The "exceptional" Turkish activity in the north is aided by Iraqi hands.. What is the story of the s
» Difficulty of amending employee salary scales.. What are the obstacles?
» "Baghdad Municipality is watching"... Merchants are violating the laws and taking over the sidewalks
» utube 6/26/24 MM&C IQD Update-Iraqi Dinar-2024 Budget Deficit is Hypothetical-
» MM&C 6/29/24 Dinar Explainer 1: Why Iraq has Two Exchange Rates
» MM&C 6/30/24 RK completes the first phase of the automation project and reveals its revenues within
» Minister of Labor directs preparation of a study on digital transformation within the ministry
» Minister of Labor directs review of controls for granting loans
» A government agreement to activate electronic payment in pharmacies and stores
» Parliamentary Finance reveals the effects of the oil price increase and its differences in the 2023
» The Service Council begins distributing holders of advanced and top diplomas
» Al-Emaar announces investment opportunities for residential cities soon in these governorates
» The Wasit government is discussing the Chinese Oasis Company's oil projects in the governorate
» Telecommunications announces the completion of 3.5 million FTTH fiber optic lines
» The truth about the "Syrian-Turkish" meeting in Baghdad.. What do the three parties benefit from?
» A deputy reveals the reasons for the increase in the number of “blacklisted wanted persons”
» Kurdistan delivers more than 70 billion dinars to the federal government in non-oil revenues for the
» Parliamentary Legal: Laws stalled in Parliament need political consensus
» A joint meeting between the governments of Baghdad and Erbil to unify border crossing procedures
» Al-Sudani: If it weren't for the strong ties, the different clans and figures wouldn't have joined t
» A new decision from the Central Bank regarding granting dollars to travelers
» Parliament is awaiting consensus to approve a package of laws
» Oil Exploration signs a contract to implement seismic surveys for the Khana oil patch with the Chine
» Al-Bajari: The government’s policies towards stopping local factories and laboratories are “shy”
» Joint meeting between the federal government and the region on mechanisms for unifying procedures at
» Al-Rasheed Bank announces raising the salaries of civilian and military retirees for the month of Ju
» Non-oil revenues... Kurdistan Region Finance deposits more than 70 billion dinars in the federal tre
» Minister of Environment: Infrastructure for environmental improvement is considered one of the gover
» The President of the Republic denounces the infringement on the independence of the Iraqi judiciary.
» Parliament considers the control of economic committees the reason for the failure of some ministrie
» Al-Sudani directs to settle expropriations along the development road path
» US Congressional Lobby: Kurdish alliances and the Iraqi opposition against Baghdad
» Al-Sudani emphasizes fortifying the state with the constitution and the law
» Popular Movement: The American Embassy obstructs Iraq’s accession to the Belt and Road Initiative
» Suleiman: There are no government solutions to stop Turkish violations
» State of law: There is no lawsuit against Al-Halbousi despite his conviction for forgery
» Basra Council intends to vote on the 2024 projects plan
» Deputy demands that public opinion be revealed about the importance of the Aqaba pipeline
» Al-Sudani emphasizes fortifying the state and its institutions and enhancing their effectiveness thr
» Economist: The Aqaba pipeline will cost Iraq $28 billion
» Türkiye: We have a strategic agreement on the water file with Iraq
» Iraq hosts a “Turkish-Syrian” meeting with Chinese and Iranian support
» Postponing the distribution of retirees’ salaries until tomorrow due to the bank holiday
» Good news for Iraqi retirees
» Iraqi citizens are surprised by the refusal of government banks to sell dollars to pilgrims
» Baghdad-Erbil dispute delays opening of Yazidi mass grave in Sinjar for 9 years
» A significant increase in foreign remittance sales at the Iraqi Central Auction
» The head of the Media Commission confirms Iraq's commitment to bridging the digital gap
» The Prime Minister's Advisor announces that Iraq has completed its integration steps by providing sa
» Minister of Interior inaugurates advanced color printing factory for national cards
» Most notably, "owning a sufficient number of cars".. Transport clarifies the controls for the work o
» "Joint Projects" Minister of Resources Explains Details of Water Talks with Turkish Side
» The service effort completes its work and opens the Al-Shumukh area in Baghdad
» Iraq, Iran move closer to river cruises