Day: September 7, 2024

Prime Minister Mohammed Shia Al-Sudani stressed: "The energy file represents the basis for any development plan." Al-Sudani said during the launch of the executive works of three electricity projects in Baghdad, Diyala and Anbar: "The combined cycles will provide electrical energy without the need for additional fuel, by relying on gases generated from the production of electricity in simple cycles and will reduce gas imports." According to a statement by his media office, he appreciated the efforts made to prepare for the launch of these important projects, directing at the same time to adhere to the timetables and adopt modern specifications, stressing: "The combined cycles will provide electrical energy without the need for additional fuel, by relying on gases generated from the production of electricity in simple cycles, and will reduce gas imports, and will provide flexibility in meeting the needs of the areas most in need and demand for electrical energy, within a production target of up to 4,000 MW, in the path of combined cycles. The Prime Minister pointed out: "The energy file represents the basis for any development plan, and the government has allocated financial allocations to develop all sectors of production, transportation and distribution, and has made important strides in the field of exploiting associated gas, through contracts with Total or the fifth round and its annex, and the sixth round, in addition to the national effort, to reach self-sufficiency." Al-Sudani explained: "The trend towards adopting an economic model that achieves justice between the state and the investor, and regulates the consumption process," stressing the arrival of final understandings regarding the economic model Which will be announced to the private sector and local and foreign companies, to implement (the 10,000 megawatt production project) of electricity, as the ministry presented its final vision regarding transmission and distribution projects. He pointed to the trend towards renewable energy projects, and environmentally friendly, as a specialized team is working to convert government headquarters to rely on solar energy, and solid international companies have submitted offers to implement solar energy projects at the governorate level, and within an economic model that will be adopted. Prime Minister Mohammed Shia Al-Sudani launched today the executive work on three different projects for additional composite units to produce electricity, during a visit he made to the South Baghdad Gas Power Plant, as the executive work began on the project to add a composite unit to the station with a design capacity of up to 125 MW. Al-Sudani also launched, via a television circuit, the executive work on the project to add two composite units to the Mansouriya Gas Power Plant in Diyala Governorate, with a design capacity of 362 MW, as well as the project to add a composite unit to the Akkaz Gas Power Plant in Anbar Governorate with a capacity of 125 MW. Source: National Iraqi News Agency

The Director of the West Asia Department of the Iranian Trade Development Organization confirmed that the country's exports to Iraq reached more than $4.5 billion in the past 5 months, which represents a growth of 21%. According to the Iranian Labor News Agency (ILNA), Abdol Amir Rabiehawi said that Iraq is a strategic neighbor of Iran and the annual trade volume between the two countries is about $10 billion. In the 5 months of this year (March-August), trade exchange between the two countries amounted to about $4.8 billion, more than $4.5 billion of which were for Iranian exports to Iraq. He added that the volume of exports to Iraq increased by 21% compared to the same period last year, which amounted to $3.55 billion. We hope to reach the record number of $10 billion in the second half of the year. He said about Iran's exports to Iraq: The most important exports to Iraq are liquefied gas, steel, petrochemical goods of all kinds, construction materials and foodstuffs. Most of the goods imported from Iraq are scrap iron, aluminum and some petroleum products. Source: National Iraqi News Agency

The delegation of the Ministerial Council for the Economy, headed by Deputy Prime Minister, Minister of Foreign Affairs, Chairman of the Ministerial Council for the Economy, Fuad Hussein, arrived in Erbil on Saturday evening. The delegation of the Ministerial Council for the Economy was received by a delegation from the Kurdistan Regional Government at Erbil International Airport. The delegation consists of Deputy Prime Minister, Minister of Foreign Affairs, Chairman of the Council, Fuad Hussein, Deputy Prime Minister, Minister of Planning,Mohammed Ali Tamim, Minister of Finance, Taif Sami, Minister of Trade,Athir Al-Ghariri, Minister of Labor and Social Affairs, Ahmed Al-Asadi, Secretary-General of the Council of Ministers, Hamid Al-Ghazi, Governor of the Central Bank of Iraq, Ali Al-Alaq, and a number of senior officials from the federal government. The Ministerial Council for the Economy announced yesterday, Friday, that it will hold its next session in the Kurdistan Region. The media office of the cou ncil stated in a statement that: "Under the direction of Deputy Prime Minister, Chairman of the Ministerial Council for the Economy, Fuad Hussein, the council decided to hold its next session in the Kurdistan Region." Source: National Iraqi News Agency