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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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    Al-Sudani: The volume of exchange between Iraq and the United States does not exceed 10 billion doll

    Rocky
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    Al-Sudani: The volume of exchange between Iraq and the United States does not exceed 10 billion doll Empty Al-Sudani: The volume of exchange between Iraq and the United States does not exceed 10 billion doll

    Post by Rocky Thu Apr 18, 2024 5:46 am

    Al-Sudani: The volume of exchange between Iraq and the United States does not exceed 10 billion dollars
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    Baghdad today -  
    The Prime Minister, Mr. Muhammad Shiaa Al-Sudani, confirmed that the volume of exchange between Iraq and the United States does not exceed 10 billion dollars.
    Al-Sudani’s office said in a statement received by “Baghdad Today”, today, Thursday (April 18, 2024), that “Prime Minister Muhammad Shia’ al-Sudani met in Washington, yesterday evening, Wednesday (Baghdad time), a number of heads and representatives of major American companies, in a session held by American Chamber of Commerce.
    The statement added, "The meeting included a dialogue session with the attendees," during which Al-Sudani explained a number of questions that were raised during the meeting, related to the investment environment in Iraq and the facilities provided by the government to the private sector.
     During the meeting, according to the statement, Al-Sudani sponsored “the signing ceremony of a number of memorandums of understanding between the Ministries of Electricity and Oil and the Iraq Fund for Development, with American institutions and companies. Similar memorandums of understanding were also signed between the Iraqi private sector and American companies in the fields of energy and the pharmaceutical industry.”
    Al-Sudani pointed out, during his speech, “the openness of the investment environment in Iraq to attract reputable international companies, to participate in the economic renaissance and infrastructure projects that Iraq is witnessing, in addition to the package of financial, banking and administrative reforms that the government initiated and a high percentage of which was completed within a year and a half.” "From her age."
    He explained that "the outcome of the discussions and understandings with the American side was the necessity of continuing to develop bilateral relations in various economic, social and security sectors," stressing that "we agreed to strengthen the relationship, stimulate the private sector, and support the work of American companies in Iraq."
    He continued, "Our country is witnessing remarkable stability despite the challenges in the region, and we are working to keep it away from hotbeds of conflict and escalation," noting that "the government has made important strides in economic reforms and implementing major projects that contribute to solving problems."
    He stated, "We presented to Parliament a law that addresses the challenges facing the private sector," noting that, according to the US Treasury Department, 80% of transfers are in accordance with international standards, and we are working to complete the remaining percentage.
    The Prime Minister affirmed, "We have completed the unified treasury account and the integrated banking system, modernizing collection and customs reforms, and redirecting support in the right direction," noting that "we have supported the private sector as an approach we are following, and for the first time we have granted it sovereign guarantees to support projects." 
    He explained, "The Iraq Fund for Development aims to involve the private sector, and addresses bureaucracy and red tape for entering companies. We have carried out tax and administrative reforms related to registering company branches, to provide an attractive investment environment," noting that "the volume of exchange between Iraq and the United States does not exceed 10 billion dollars."
    He stressed, “We have developed a comprehensive vision for the optimal investment of oil and gas, and the sixth round of licensing, related to natural gas fields, is being presented for the first time. We also have a plan to reach gas self-sufficiency and stop imports within 3-5 years, and we have presented integrated projects in 6-8 fields across the country.” The provinces, according to a model for developing oil, using associated gas, and establishing an electrical station and a petrochemical industry in the same location. For the first time, Iraq is moving towards establishing a fixed platform to receive liquefied gas, which is an opportunity presented to American companies and other companies.”
    Al-Sudani pointed out that "we signed a contract with KBR  to prepare a preliminary study on the fixed platform, for the purpose of receiving and exporting gas in the future."
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