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Iraqi News
17-05-2025
- Politics
- Iraqi News
All Arab Delegations Arrive in Baghdad Ahead of 34th Arab Summit, Says Cabinet Secretary-General
Baghdad-INA Secretary-General of the Council of Ministers, Hamid Al-Ghazi, confirmed on Saturday that all Arab delegations participating in the 34th Arab Summit arrived in Baghdad. Al-Ghazi said in his interview with Al-Iraqiya News, which was followed by the Iraqi News Agency (INA):'Al-Ghazi stated that the summit represents a pivotal moment for Iraq's reemergence as a central player in the Arab region, He noted that the summit is expected to result in a unified Arab roadmap aimed at addressing key political and humanitarian crises across the region.' He emphasized that the Palestinian cause remains a primary issue on the summit's agenda, particularly in light of the humanitarian situation in Gaza. The 34th session of the Arab League Summit officially convenes today in Baghdad, with full participation from all member states. The summit takes place amid significant regional and global developments and is anticipated to yield a coordinated Arab stance on several critical
Iraqi News
15-05-2025
- Business
- Iraqi News
Iraq Prepares 18 Initiatives for Three Summits on Saturday, Government Spokesperson Says
Baghdad-INA Iraqi government spokesperson Basim Al-Awadi confirmed on Thursday that Iraq has prepared 18 initiatives to be presented at three upcoming summits: the ordinary Arab Summit, the Economic and Development Summit, and the trilateral cooperation summit between Iraq, Egypt, and Jordan. Al-Awadi told Al-Iraqiya News, as followed by the Iraqi News Agency (INA), "Iraq has prepared 18 initiatives to be presented at the three summits on Saturday. Today, at the ministerial meeting of Arab foreign ministers, five of them were approved, and they will be presented with the rest at the three summits on Saturday." He added that "the five Iraqi initiatives approved today addressed security cooperation, counter-terrorism, and drug trafficking," noting that "the majority of the remaining 13 initiatives are economic." "One of the Iraqi initiatives will propose the establishment of an Arab fund for the reconstruction of Gaza and Lebanon." Al-Awadi confirmed that "next Saturday will witness the holding of three summits, the first of which will be held in the morning at the leaders' level, kings, and presidents. In afternoon, the economic development summit will be held. Meanwhile, a tripartite summit titled "Tripartite Cooperation Mechanism" will be held that evening, bringing together the leaders of Iraq, Egypt, and Jordan."
Iraqi News
23-03-2025
- Business
- Iraqi News
Iraq Explores Oil Exports to Africa Amid Market Expansion Plans
Baghdad-INA Iraq is assessing the possibility of exporting crude oil to African markets as part of its broader strategy to diversify export destinations, Oil Minister Hayan Abdul Ghani said. 'The government is evaluating the feasibility of entering African markets, with transparent and competitive bidding as the cornerstone of our approach,' Abdul Ghani told Al-Iraqiya News in an interview followed by the Iraqi News Agency (INA). Basra Oil Company oversees all aspects of the country's oil operations, he said, adding that most oil projects suffered extensive damage in 1991. The post-war reconstruction process provided valuable expertise in restoring production capacity. Iraq has signed 44 contracts under recent oil licensing rounds, with 14 provinces included. Basra has the largest share with 12 contracts. Oil exports range between 3.2 million and 3.5 million barrels per day, with 70% shipped to Asia. China remains the largest buyer, followed by India. Abdul Ghani said eight major OPEC members have implemented voluntary production cuts as part of the organization's strategy to stabilize the global market. Iraq is committed to this policy, he said, while denying any effort to exclude Western firms from contracts. 'All companies have been invited to participate in the fifth and sixth licensing rounds,' he said. However, U.S. firms have played only a limited role in these rounds. He stressed that licensing decisions are based on technical considerations, not political ones. Most oil sector equipment in Iraq is sourced from the United States and Europe, he said, adding that ExxonMobil voluntarily withdrew from the West Qurna 1 field. Abdul Ghani said Iraq maintains transparency in oil sector operations and facilitates investment for companies with strong operational efficiency. The country is also advancing renewable energy projects, he said. A solar power plant developed by France's TotalEnergies is set to generate 1,000 megawatts. The government has allocated $16 per barrel for oil production costs in the Kurdistan region, while the Rumaila field produces 1.4 million barrels per day. Iraq expects to export 350,000 barrels per day through Turkey's Ceyhan port, but the federal Oil Ministry does not oversee production in Kurdistan. 'We have informed OPEC that Kurdistan is currently producing 286,000 barrels per day,' Abdul Ghani said. SOMO, Iraq's Oil Marketing Company, sells crude only to companies with refining capacity, and shipments are tracked via satellite to ensure transparency. All contracts must specify final export destinations, he said, adding that Iraq publishes monthly reports on export volumes and revenues. Some Iranian oil tankers used forged Iraqi documents to evade sanctions, Abdul Ghani said. 'We have formally notified U.S. authorities that these documents were falsified and that Iraq had no involvement.'
Iraqi News
15-02-2025
- Business
- Iraqi News
Government Spokesman: European praise for Iraq's foreign policy
Baghdad - INA Government Spokesman Bassem Al-Awadi confirmed today, Saturday, that European countries praised Iraq's foreign policy, stressing that regional developments created the need for Iraq's presence at the Munich Conference. Al-Awadi said in a statement to Al-Iraqiya News followed by the Iraqi News Agency (INA): "Germany represents the economic pillar of the European Union after Britain's exit," stressing that "Germany provided about $3.5 billion to Iraq in addition to training Iraqi security forces." He continued, "Germany participated in the overthrow of the former regime as well as in the international coalition against ISIS gangs," explaining that "Prime Minister Mohammed Shia al-Sudani's visit to Germany last year witnessed the signing of many agreements," indicating that "the German International Development Agency created job opportunities for 37,000 Iraqis, the majority of whom are women." Al-Awadi indicated that "two-thirds of the power generation stations in Iraq are under the supervision of the German company Siemens in terms of modernization, development and repair." He continued, "There is security and intelligence cooperation and exchange between Iraq and Germany," indicating that "the Iraqi government is diplomatically productive amid praise for Iraq's foreign policy in addition to development and stability."
