Iraqi News For January 30th, 2016

Again, we are still just waiting but some pretty good news came out.

Iraq's oil minister calls for the granting of shares to citizens in the oil companies LINK Roudao - Baghdad called Oil Minister Adel Abdul Mahdi, on Saturday, to give every Iraqi citizen one share N inheritable in the Iraqi oil companies. The Minister of Iraqi oil at a symposium held in Baghdad: There is a semi-agreement within the oil sector, the government and Parliament on the importance of returning to revive the national oil company. Adel Abdul Mahdi, and pointed out that his ministry is seeking to achieve the goals of the local oil companies, where he called to give every citizen shares in the company to be N inheritable. He added: "There should be organized for the rights of the provinces in this company and there is a distribution just by percentage of population. " END Iraq revives 'national oil company' to end the dispute with the Kurds LINK Baghdad: The company must be owned by the people by giving every citizen shares the N inheritable. All provinces have rights in the company in proportion to its population Baghdad announced Iraqi Oil Minister Adel Abdul Mahdi, the parliament and the government agree to the revival of the national oil company, which was abolished in the eighties of the twentieth century, with expanded to include oil and gas, in a move aimed at reaching a solution to the crisis between the federal government and the province of northern Iraq relating to the mechanism of the export of oil. Abdul-Mahdi said in a symposium held by his ministry Saturday, at the headquarters of Oil Cultural Center in central Baghdad, "There is a parliamentary government agreement on the revival of the national oil company, and be expanded to exercise its functions relating to the production of oil and gas." The minister pointed out that "the company must be owned by the Iraqi people, through the stock system that gives each Iraqi citizen shares in the company N inheritable," adding that "the experience of the establishment of oil companies in the provinces achieved great success by increasing production." He continued that "all the provinces will have the rights in the company according to population ratio." National Oil Company was founded in the sixties of the twentieth century, and in the eighties canceled the decision of the former Iraqi regime during the Iran-Iraq war. In turn, MP Mohammad Kaveh member of the Commission on oil and energy parliamentary Saturday said that the Iraqi parliament will begin in the next legislative term, to discuss the legal oil and gas, and the national oil company, to regulate the relationship between the federal government and local governments and regions on oil wealth. He said Kaveh said that "oil and gas legal legislation and the national oil company, will have an important role in ending the existing differences between the federal government and the government of the territory of northern Iraq on oil export mechanism," adding that "members of the National Oil Company will be representatives from all the provinces, including the northern region Iraq". And honest Iraqi Council of Ministers on 2 December / December 2014 on the oil agreement between the governments in Baghdad and Erbil, which ensures that the territory of northern Iraq to hand over at least 250 thousand barrels of oil a day to the federal government for the purpose of export, the export of 300 thousand barrels per day of by the federal province of Kirkuk fields of government through oil pipeline in the territory of the north. But the oil agreement was stopped once and for all the summer of 2015, the region began to export its oil independently of the federal government in Baghdad, which in turn decided to stop paying the region's share of the federal budget amounting to 17% because of what it considered "a breach of the agreement the region's oil." To encourage citizens to deposit their money in banks .. government raises interest rates to 18% LINK BAGHDAD / Hassan Shammari: A government source revealed on Saturday that the government decided to raise the interest rate on deposit money in banks to 18%, attributing this to help the government in overcoming the financial crisis. The source said in an interview with "Sky Press," that "the government has issued several proposals to address the financial crisis experienced by the country, and decided to raise the interest rate on deposit money in banks to 18%." He added that "this step will encourage citizens to deposit their money in banks, which will make it easier to deal with the crisis that hit the country as a result of lower oil prices ". But the parallel detection of citizens and traders for "Sky Press," for "Dar Al Salam Bank Ahli" failure to extradite Mbalghm deposited with him under the pretext of state austerity experienced by the country, and among appealed to the Ministry of Finance to intervene in order to money exchange, warned of the disruption of their businesses. The religious authority called on Friday, the Iraqi government to engage the assistance of local and international to develop a "contingency plan" in order to cope with the financial crisis, which amounted to "a dangerous level", as demanded by taking austerity measures against "unnecessary expenses" for the ministries and not the general public right. It is noteworthy that Iraq is going through an economic crisis because of lower oil prices, and Anfaqath in the war against al "Daash", as he emphasized Prime Minister Haider al-Abadi, in the November 18, 2015, that Iraq will emerge from the financial crisis in a stronger, adding that he found offline to strengthen the economy and not total reliance on oil.