The development of foreign economic relations and oil industries episode {61}

The development of foreign economic relations and oil industries episode {61}

3/6/2016 0:00

The Ministry of Commerce on the priority development of foreign economic relations with the countries of the world through two programs:

● reached completion rate in the development of foreign economic relations with the countries of the world program (44 percent) , an annual program, which includes (6) activities, including the signing of agreements and open attache offices, signing memoranda of understanding and joint committees, attending meetings and Orcha external and internal courses. Cost (2.579) billion, and by the amount of progress (27 percent) than it was at the beginning of this year.

● As for Bernameh create a favorable environment for private sector development and the development of investment is the establishment of international trade point, it is implemented through a single project at a cost of (1 0.074) billion completion rate and which was (25 percent have not changed) than it was in 2014 due to the launch of the customizations.

• activating the role of state banks and banks specialized banks and the private sector (civil) to provide soft loans to the private sector and the national as well as finding solutions to the problems of taxes and benefits solutions backlog resulting from the owners of the stalled projects for production.

● gave the Central Bank (CBI loan program for the year 2015). Financial ceiling of $ 5 trillion.

● approved a crisis cell at its sixth meeting on 08.24.2015 under the chairmanship of Prime Minister and lending mechanism in the industrial, agricultural and housing area, through this program.

● Central Bank issued instructions that will be given loans, according to her Central Bank and other banks.

● the Bank is examining the possibility of granting facilities for private banks to micro - finance, small and medium.

● Bank will work on the restructuring of state - owned banks and banks specialized other.

● with regard to the second part of the priority (find problems taxes accumulated and the benefits resulting from solutions the owners of the stalled projects for production) offered nothing so far.

● develop mechanisms and conditions for the distribution of the Central Bank for banks specialized loan and housing fund and submit it to the General Secretariat of the Council of Ministers and the distribution of funds between banks and housing fund, according to the distribution of the Committee on economic Affairs and the Central Bank of Iraq and classified loans for projects specialized banks according to the following:

1. Small businesses reduce higher (500 million dinars).

2. Medium enterprises reduce higher (two billion dinars).

3 for sale . Large projects to in excess of (two billion dinars) , provided that does not exceed the upper limit (20 billion dinars).

With regard to finding solutions to the problems of tax accumulated and the benefits resulting from the stalled project for production owners solutions, was the Ministry of Finance measures as follows:

● The completion percentage of 85 percent of business restructuring and will be applied to all decisions of the Supreme supervisory Committee to restructure the Rafidain Bank until 2015 to be the completion of restructuring by 100 percent in the years (2016 - 2017).

● for the benefits of the Rafidain Bank can not exempt the accumulated interest, to the adoption of financing loans class basis on the money depositors citizens with the bank pays the bank an annual benefits by at least 6 percent.

● been adopted mechanism in the industrial Bank to reschedule loan balance with the benefits obstructed and stalled for repayment new mechanism within the extended benefits is that the granting of loans and facilities on this basis in order to collect those loans and give flexibility to the customers in repayment and profitability of the bank and the lifting of the state of recession that passed by.

● Rafidain Bank began granting self - financing circles loans to pay salaries owed ​​to employees circles above for the year 2010 and exceeded the bank credit limit granted by the Central Bank of Iraq during those years from 2010 to 2013 and in the 2014 has increased credit limit to 10 trillion, while in the year 2015 has increased credit limit granted to (11) Trliuna Ministry has to pay the sum of (1900) billion dinars to extinguish loans granted in previous years and to consider the loans granted by the bank during 2015 , we have the ministry, while the loans granted to the private investment sector, which is among the stalled projects for production, amounting to (25,079) billion dinars and that the benefits of it at $ 1600 billion dinars.

• emphasis on the application of the laws concerning the protection of the domestic product of all, as well as consumer protection measures quality control of imported materials and goods. the

work of the Central Organization for Standardization and quality control on the rehabilitation of testing laboratories to improve the quality of device services to the international level, where the number of qualified laboratories (5) laboratory and by an increase of 25 percent from what it was in 2014 for consumer protection and control measures quality materials and imported goods.

axis IV: increased oil and gas production to improve the financial sustainability to

ensure this axis (5) priorities, worked the oil ministry on implementation. The most important achievements in this axis are as follows:

• Increase energies Alkhoznip oil and gas.

● reached Alkhoznip capacity of crude oil for the year 2015 (14,500 barrels) , an increase of 3,250 barrels from what it was in 2014, as it was for 2014 (11,250 barrels).

● the proportion of the annual completion of projects increased Alkhoznip energy rate up to 09.30.2015 (46 percent) and an increase of $ (24 percent), as implemented this priority through three programs, the first storage system and pumping and transportation of crude oil and gas / SOC, and the second expansion crude oil depot in the FAO / Enterprise Co., and the third qualifying warehouse storage and pumping crude oil / Enterprise Corporation.

● achievement tanks number (4) with a capacity of 66,000 cubic meters each tank in the brick warehouse was introduced to work.

● completion of an oil tank raw number (1) with a capacity of 82,000 cubic meters per PS1 warehouse was admitted to work.

● completion of reservoirs (2) with a capacity of 58,000 cubic meters each tank in Zubayr , warehouse / 1 was introduced to work.

● achievement tanks number (3) with a capacity of 58,000 cubic meters per tank FAO warehouse was introduced to work.

• increase oil and gas production and improve quality specifications

exploitation of associated gas and reduce scorched quantities of it

● complete the NGL plant 110 Mqmq card in the Sepah field to invest associated gas and reduce scorched quantities of it.

● complete the project , sweet gas pipeline 24 knots (Majnoon -mahth North Rumaila electricity), except for acts of cathodic protection of the pipeline.

● completion of dry gas pipeline 24 feeder station Diwaniyah electricity knots.

● completion of pipeline fuel oil (accelerated) to feed the Shatt al - Basra power plant fuel oil from the Basra refinery 9.5 km long.

● reached rate ratio of annual delivery of projects to exploit associated gas and reduce scorched him quantities up to 09.30.2015 (62 percent) and implement this priority through 19 projects to build gas pipelines and set up pumping stations and increase Alkhoznip energy gas.

• build new refineries in the cities of Karbala and Missan and Nasiriyah.

● annual delivery rate of projects to increase crude oil refining operations to provide petroleum products up to 09.30.2015 (37 percent) and implement this priority through 28 projects.

● complete the creation of the mobilization of gas Samawa plant and laboratory gas mobilize granular.

● completion of liquid gas spherical tanks in Taji , Hilla, Rusafa, Diwaniya, the rate of one tank with a capacity of 3,000 cubic meters each site.

● complete the project unit improved third of gasoline in the Basra refinery 10,000 barrels per day.

● sign a contract with TECHNO EXPORT company Algikip to add refining unit in the Basra refinery card 70 thousand barrels per day to become a total energy refined 280,000 barrels per day.

● increase in the production of oil derivatives produced rates and improve quality through unit Isomerization in Daura and the project two hydrogenation of naphtha and improve gasoline refinery in Samawa.

● projects to create new: the ranks of

one. Refinery in Karbala card 140 000 barrels per day and work is continuing acts of the EPC.

2. Maysan refinery capacity of 150 thousand barrels per day and the investing company has signed a lease contract and processing of crude oil and refined processing of water.

3 for sale . Nasiriyah refinery capacity of 300 thousand barrels per day under Advertising and assignment.

4 for sale . Refinery in Kirkuk , 150 thousand barrels per day at the stage of receiving offers and study.

• expand exploration of oil reserves and gaseous.

● completion of the fourth round of licenses for exploratory patches (12,10,9,8) in the provinces (Diyala / Wasit, Basra, Muthanna and / Dhi Qar and Najaf / Muthanna) and to companies (pakistan Petroleum) within the area of eight, and the companies (Kuwait Energy, Dragon United Arab Emirates, and the Egyptian Petroleum Authority) within the area of nine, and the companies (Russian Lukoil and Inpex of Japan) within the area of the tenth, and to companies (British Premier and Bashneft Russian) within twelve patch.

● proportion of the annual completion of expansion projects in the field of exploration capacity and the drilling of gas and oil wells rate (55 percent) and by the amount offered (33 percent) than it was at the beginning of 2014, as it projects annual. And implemented through two projects, where the percentage of completion of the project first: the rehabilitation and purchase seismic teams and laboratory environmental Mobile (55 percent) and the second project: update and technical support for systems operating in the company and the purchase of hardware and software (56 percent).

• increase export capacity and expand its outlets.

• implemented priority to increase export capacity and expand its outlets through two programs, the first program, the development of the export system, and the second program to develop national effort fields and upgrading operations drilling of oil wells to increase production. develop export system ● totaled crude oil export rate for the period (01/09/2014 to 30/9 / 2015) 2862 thousand barrels per day. ● completion of the crude oil pipeline (Zubair 1 - FAO) 50 km long. ● completion of the strategic crude oil pipeline (Bozrah - the PS3) a length of 225 km. ● the annual achievement rate for projects to develop export system up to 30/9 program / 2015 (88.53 percent) and implemented through 13 projects. • develop national effort and upgrading operations drilling of oil wells to increase production fields ● crude oil production rate ( the licensing rounds fields and fields of the national effort) for the period (01.09.2014 till 30/9 / 2015) 3236 thousand barrels per day. ● annual completion of projects to develop national effort fields and upgrading operations digging Alabaralnaftyh up to 30.9.2015 rate (63 percent) and implement this priority through 22 projects.