Iraqi parliament enters the Guinness Book of "failure" .. 135 days "without legislation" no law!
1/17/2019

Any political or non-political race in the achievement of an achievement, calculated within the period of assuming any responsibility .. The Iraqi parliament racing with the failed governments to break the record of failure in political performance and entry into the Guinness Book of Guinness, if we argued that there is a standard in this encyclopedia Measured by government failure.

The parliament is still standing in front of the legislation of the laws under its dome, 135 days after the formation of the current parliament, and the passage of four months to perform his deputies to the constitutional right, as he did not pass any law, throughout this period, knowing that early this month was due to end of life Constitutional provisions of the first legislative term.

The official website of the Iraqi Council of Representatives shows that the parliament held 26 meetings during the past four months, while the legislative laws section is free of any law, while the laws section of the legislation show the existence of 6 projects, the most prominent of which is the draft law of the budget of 2019.

Observers believe that the delay in the formation of the Iraqi government, and the continuing disagreement between the parliamentary blocs on ministerial portfolios, led to the delay of Parliament in the adoption of important laws, which relate to the lives of Iraqis, notably the budget.

The House of Representatives holds two meetings each week to discuss the agenda, which is placed by the Presidency of the Parliament, while postponing many of the meetings not to achieve a quorum due to political conflicts, the ministerial posts.

http://www.skypressiq.net/2019/1/17/%D8%A7%D9%84%D8%A8%D8%B1%D9%84%D9%85%D8%A7%D9%86-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A-%D9%8A%D8%AF%D8%AE%D9%84-%D9%85%D9%88%D8%B3%D9%88%D8%B9%D8%A9-%D8%BA%D9%8A%D9%86%D9%8A%D8%B3-%D8%A8-%D8%A7%D9%84%D9%81%D8%B4%D9%84-135-%D9%8A%D9%88%D9%85-%D8%AF%D9%88%D9%86-%D8%AA%D8%B4%D8%B1%D9%8A%D8%B9-%D8%A3%D9%8A-%D9%82%D8%A7%D9%86%D9%88%D9%86

Abdul Mahdi: Every corruption will be targeted
1/16/2019

, said Prime Minister Adel Abdul Mahdi , presided over the second meeting of the Supreme Council for the new anti – corruption headquarters in the Iraqi High Criminal Court on Wednesday that all the process of corruption will be targeted.


Said Abdul – Mahdi said in a statement Alsumaria News received a copy of it, after the meeting, "We congratulate the Office of Financial Supervision effort by issuing his latest report, which showed significant differences in the disbursement of pensions which confirms the positive role of the institutions of oversight and the need to support , " stressing that "all the process of corruption will be targeted "He said.




He added that "the role of the Council is the process of high-level coordination among the regulatory bodies as a whole and focus their efforts in one direction," pointing out that "the goal of the restructuring of the Supreme Council to combat corruption is to enable him to take deterrent measures and work to provide support Financial and security and legislative process to combat corruption and accelerate. "

https://www.alsumaria.tv/news/258119…D9%81%D8%A9/ar

Parliamentary Finance intends to reduce the sale of hard currency and open the auction file
1/17/2019



, a source in the parliamentary Finance Committee, on Thursday, the Commission ‘s intention to open an auction sale currency file, while noting that it would take several measures to reduce the sale of hard currency.


The source said in an interview for Alsumaria News, "The Finance Committee will work in the next few days to open the file auction currency in order to codify the waste in the sale of hard currency, which is the Central Bank,"


noting that "it is unfair that the bank sold more than 300 million Dollars per day without reflecting on the services and imports of customs and taxes to maintain the exchange rate. "


The source, who asked not to be named, said that "this caused great damage to the Iraqi economy and its inputs through which are compensated state budgets,"


noting that "the Finance Committee is taking urgent measures to reduce the sale of the Central Bank of hard currency amounting to about 100 million dollars Daily instead of $ 300 million a day through strict control to reduce waste of public money. "


It is noteworthy that the Central Bank is conducting daily meetings to buy and sell foreign currencies, except public holidays, which stops the bank from these auctions.

https://www.alsumaria.tv/news/258176…D8%B9%D8%A8/ar

Iranian Foreign Minister Mohammad Javad Zarif, who is on an official visit to Iraq, highlighted the positive outcomes of the Iran-Iraq Joint Trade Conference in Baghdad and said the doubling of the bilateral trade “is on the horizon”.

“Today, I, accompanied by 6 Iraqi ministers, addressed hundreds of participants at the Iran-Iraq Joint Trade Conference; exploring paths to significantly expand bilateral trade and investment,” Zarif said on his twitter account early on Tuesday.

“With implementation of shared vision, doubling of annual trade volume is on the horizon,” he added in his tweet.

Heading a high-ranking Iranian delegation, Zarif arrived in Baghdad on Sunday for an official visit.

The visit comes against the backdrop of Iran’s efforts to boost its foreign trade in the US sanctions era.

Iraq’s foreign minister said recently that his country is “not obliged” to abide by sanctions imposed by the US against Iran and would be pursuing options to continue bilateral trade.

(Source: Tasnim, under Creative Commons licence)

Shares in Gulf Keystone Petroleum (GKP) closed 4.3 percent higher on Wednesday after the company provided an operational and corporate update.

Operational

  • Production operations, underpinned by strong performance of the Shaikan Jurassic reservoir, continue in line with expectations. Average gross production of 31,563 barrels of oil per day (“bopd”) was achieved in 2018, at the upper end of the 27,000 – 32,000 bopd guidance.
  • The plant debottlenecking programme required to expand gross production capacity to 55,000 bopd from PF-1 and PF-2 remains on schedule for completion towards the end of 2019.
  • GKP has signed an agreement with Independent Oil Tools to use ‘Rig 1’ during the Company’s workover programme to replace tubing on SH-1 and SH-3 wells and install downhole pumps (“ESPs”) on three other existing wells. The rig has been mobilised and is currently performing a workover on the SH-1 well to install larger bore tubing to increase productivity.
  • GKP has also signed an agreement with the rig operator, DQE, to use ‘Rig 40’ for its upcoming drilling campaign, due to start in March 2019, with the first four wells (needed for the 55,000 bopd target) expected to be completed in Q1 2020.
  • Since July 2018, all production from PF-2 has been exported via the Atrush export pipeline which connects to the main Kurdish export pipeline. Additional pumps along with a temporary unloading facility have now been installed at PF-2 which allows the majority of production from PF-1 to be trucked to PF-2 and exported via pipeline. Today, only ca.3,000 bopd are exported by truck via Fishkhabour which lowers HSSE exposure.
  • Further progress has been made, including delivery of all 16″ pipeline to the field, on the installation by KAR Group of the pipeline also connecting PF-1 to the Atrush export pipeline. This remains on schedule to be brought into service mid-2019, at which point the residual trucking of crude oil will be eliminated.
  • GKP and its partner MOL have agreed on a staged investment programme to increase gross production up to 110,000 bopd by 2024. The revised Field Development Plan was submitted for approval to the Ministry of Natural Resources in October 2018. The current expansion to 55,000 bopd is already underway.

Corporate

  • GKP has continued to receive regular oil payments from the Kurdistan Regional Government, with cash receipts of $225 million net to GKP during 2018.
  • Cash balance of $294 million as at 15 January 2019. The Company remains fully funded to complete the expansion to 55,000 bopd.
  • Gross capital expenditure guidance for the total 55,000 bopd project phase remains unchanged at $200 million to $230 million.
  • Of the 2018 approved gross budget of $91 million, ca.$40 million has been transferred to early 2019 which was primarily driven by delays in delivery of drilling and well completion equipment.

Outlook

  • Given the active 2019 investment programme, particularly in new wells and workovers, the Company anticipates improved production levels this year and expects gross average production guidance to be in the range of 32,000 – 38,000 bopd.
  • The above guidance takes account the latest drilling and project schedules, but also the temporary plant shut-downs required in 2019 for the tie-in of new facilities and wells being offline while workovers are taking place.
  • 55,000 bopd production target moved to early 2020 due to delays in the delivery of equipment, affecting the start date of the drilling campaign, originally January, now March 2019.
  • The Company intends to host a Capital Markets Day in the first quarter of 2019. Further details will be announced at a later date.

Commenting, Jón Ferrier, CEO, said:

Having successfully laid the foundations for our expansion plans in 2018, we are very pleased to have now initiated our new investment programme at Shaikan.

“We continue to make considerable operational headway as we look to safely increase production to 55,000 bopd, in line with our strategy. 2019 is set to be another important year for Gulf Keystone and we look forward to keeping our stakeholders updated on our ongoing progress.”

(Source: GKP)

Shares in Gulf Keystone Petroleum (GKP) closed 4.3 percent higher on Wednesday after the company provided an operational and corporate update.

Operational

  • Production operations, underpinned by strong performance of the Shaikan Jurassic reservoir, continue in line with expectations. Average gross production of 31,563 barrels of oil per day (“bopd”) was achieved in 2018, at the upper end of the 27,000 – 32,000 bopd guidance.
  • The plant debottlenecking programme required to expand gross production capacity to 55,000 bopd from PF-1 and PF-2 remains on schedule for completion towards the end of 2019.
  • GKP has signed an agreement with Independent Oil Tools to use ‘Rig 1’ during the Company’s workover programme to replace tubing on SH-1 and SH-3 wells and install downhole pumps (“ESPs”) on three other existing wells. The rig has been mobilised and is currently performing a workover on the SH-1 well to install larger bore tubing to increase productivity.
  • GKP has also signed an agreement with the rig operator, DQE, to use ‘Rig 40’ for its upcoming drilling campaign, due to start in March 2019, with the first four wells (needed for the 55,000 bopd target) expected to be completed in Q1 2020.
  • Since July 2018, all production from PF-2 has been exported via the Atrush export pipeline which connects to the main Kurdish export pipeline. Additional pumps along with a temporary unloading facility have now been installed at PF-2 which allows the majority of production from PF-1 to be trucked to PF-2 and exported via pipeline. Today, only ca.3,000 bopd are exported by truck via Fishkhabour which lowers HSSE exposure.
  • Further progress has been made, including delivery of all 16″ pipeline to the field, on the installation by KAR Group of the pipeline also connecting PF-1 to the Atrush export pipeline. This remains on schedule to be brought into service mid-2019, at which point the residual trucking of crude oil will be eliminated.
  • GKP and its partner MOL have agreed on a staged investment programme to increase gross production up to 110,000 bopd by 2024. The revised Field Development Plan was submitted for approval to the Ministry of Natural Resources in October 2018. The current expansion to 55,000 bopd is already underway.

Corporate

  • GKP has continued to receive regular oil payments from the Kurdistan Regional Government, with cash receipts of $225 million net to GKP during 2018.
  • Cash balance of $294 million as at 15 January 2019. The Company remains fully funded to complete the expansion to 55,000 bopd.
  • Gross capital expenditure guidance for the total 55,000 bopd project phase remains unchanged at $200 million to $230 million.
  • Of the 2018 approved gross budget of $91 million, ca.$40 million has been transferred to early 2019 which was primarily driven by delays in delivery of drilling and well completion equipment.

Outlook

  • Given the active 2019 investment programme, particularly in new wells and workovers, the Company anticipates improved production levels this year and expects gross average production guidance to be in the range of 32,000 – 38,000 bopd.
  • The above guidance takes account the latest drilling and project schedules, but also the temporary plant shut-downs required in 2019 for the tie-in of new facilities and wells being offline while workovers are taking place.
  • 55,000 bopd production target moved to early 2020 due to delays in the delivery of equipment, affecting the start date of the drilling campaign, originally January, now March 2019.
  • The Company intends to host a Capital Markets Day in the first quarter of 2019. Further details will be announced at a later date.

Commenting, Jón Ferrier, CEO, said:

Having successfully laid the foundations for our expansion plans in 2018, we are very pleased to have now initiated our new investment programme at Shaikan.

“We continue to make considerable operational headway as we look to safely increase production to 55,000 bopd, in line with our strategy. 2019 is set to be another important year for Gulf Keystone and we look forward to keeping our stakeholders updated on our ongoing progress.”

(Source: GKP)

MAN Energy Solutions has successfully commissioned six MAN 18V32/40 engines in a cement factory in Samawa, Iraq, and delivered five more engines of the same type to a freshwater-treatment plant in Basra.

“The country’s infrastructure has suffered greatly from armed conflict in the past and the re-electrification of Iraq is pivotal for further growth and new prosperity. We are very happy that our engines will bring such tangible, positive benefits to the Iraqi people,” said Waldemar Wiesner, Head of Region MEA (Middle-East Africa), Power Plant Sales, MAN Energy Solutions.

Defying the desert

The six engines in Samawa form the backbone of a power plant that will generate around 54 MW of electrical energy for a new cement plant owned by Iraqi producer, Kairat Al Abar Iraqi Co. (KAAI).

Samawa has a population of around 150,000 and is located on the River Euphrates, half way between Baghdad and the Persian Gulf. Conditions locally are testing with a rainfall of just 100 mm over the course of a year, while temperatures peak at over 40°C from June to September. “The heat and dry desert climate create demanding conditions for industrial processes,” said Wiesner. “However, our MAN 32/40 engines are particularly robust and well capale of delivering a reliable power supply under such extreme climatic conditions.”

Fresh water in Basra

Five MAN 18V32/40 engines with a total capacity of 45 MW will guarantee the energy supply of a freshwater-treatment plant in Basra, a city with 2.5 million people located on the Persian Gulf. Normally, the plant operates with electricity from the public grid. However, since Iraq’s energy supply still fluctuates strongly, the MAN engines will serve as an important backup to ensure the reliable operation of the plant.

“In Iraq, more than five million people have only limited access to drinking water or sanitary facilities. With this new freshwater plant, the quality of life for the people of Basra will increase significantly,” said Wiesner. “In the event of power failures, which unfortunately still occur frequently, our engines will ensure a stable energy supply so that Basra’s population has access to fresh water at all times.”

(Source: MAN Energy Solutions)