Iraqi News Highlights Friday Afternoon 6-23-23
Tlm724 Administrator Bondlady’s Corner
The Minister Of Electricity Stresses The Importance Of Achieving Global Partnerships With French Companies
Thursday 22, June 2023 23:09 | Economical Number of readings: 1062 Baghdad / NINA /- The Minister of Electricity, Eng. Ziyad Ali Fadel, received the French ambassador to Iraq, and a delegation from the French government, to discuss prospects for joint cooperation and to discuss achieving partnerships between the Ministry of Electricity and international companies specialized in the energy sector.
The minister expressed his hope to strengthen the bonds of cooperation and friendship between the two countries, and appreciated the ambassador’s interest in renewable energy projects and climate challenges.
The minister indicated that the ministry has strategic projects in its plans, in which we believe that your participation is necessary and important, especially since we have successful and new experiences, such as our contracts from Total to install solar power stations, and we believe that there is a possibility to benefit from your experience and the competence of your companies to develop the transport and distribution sector and smart meters.
He stressed that the doors of the ministry are open to competition, and that economic openness and security stability are an opportunity and a good time to work on signing memorandums of understanding and agreements.
For his part, the French ambassador expressed his country’s direction to support the Iraqi people, and to develop the electricity sector.
The ambassador also asked the minister to have an active participation in the conference that we intend to work on in Baghdad soon, and we are carefully following your serious steps to develop electricity and your renaissance in the direction to diversify energy sources. .
And the representative of the French Ministry of Foreign Affairs stated that we have already begun to see the active role and strong engine of Iraq in the region, and the electricity sector is a main axis with this strength, and your high-level directions to support it, and we will strive to compete strongly to work with you, and our companies are ready to proceed with your projects./ End
https://ninanews.com/Website/News/Details?key=1061100
Stability Of Oil Prices In The Global Market
Economy | 08:48 – 06/23/2023 Follow-up – Mawazine News There was no significant change in oil prices in early trading, on Friday, but it is heading towards recording a weekly decline of 3% due to concerns about fuel demand after increasing interest rates more than expected in Britain and warnings of a looming hike in US interest.
By 00:26 GMT, Brent crude futures fell seven cents, or 0.1%, to $74.07 a barrel, while US West Texas Intermediate crude futures fell 11 cents, or 0.2%, to $69.40.
Both benchmarks fell nearly $3 in the previous session after the British central bank raised interest rates by half a percentage point, raising fears of a slowing economy affecting fuel demand.
The impact of the rate hike outweighed the support that oil received from a sudden drop in US crude inventories. https://www.mawazin.net/Details.aspx?jimare=229891
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