گەڕان بۆ baban

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Analysis

Discrepancies in Financial Figures of Iraq's 1H 2023 Revenues & Expenditures

Mahmood Baban

For instance, a substantial gap of 1 trillion 258 billion dinars is evident in the total expenditures alone. This discrepancy has been identified by multiple entities, including the Ministry of Finance, the Parliamentary Finance Committee, the Iraqi High Economic Council, and 327 Members of Parliament (pp. 60-63). What adds an intriguing dimension to this issue is the variance in expenditures for Anbar province, a matter that should have garnered the attention of the speaker and Sunni members within the finance committee. While the allocated budget for Anbar province was originally set at 466 billion dinars, the actual sum tallies up to just 436 billion dinars. Thus, this stark contrast amounts to a substantial 30 billion dinars in the collection of the allocated budget for this province!

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Analysis

Durra Gas Field; Iraq in the triangle of Iran-Saudi Arabia and Kuwait conflicts

Mahmood Baban

The development and exploration of the Durra gas field was delayed each time due to a problem, but this time Saudi and Kuwaiti officials said that the matter is serious, although Iran announced its seriousness in owning the field and starting work in its name. However, the success of the strategy is any party and how to determine and how to develop the gas field and the prospects for Saudi-Iranian relations in the meantime will have an impact.

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Analysis

Reasons Behind The IQD Decline in front of Dollar

Mahmood Baban

The Iraqi dinar, the Iranian Rial, and the Turkish and Syrian Lira are not the only ones declining against the dollar, but most of the US competitor's currencies have fallen this year. According to official data, in 2022, most other currencies, such as the Japanese yen, the Chinese Yuan, the British Pound, and the Euro, have lost value by -14% to -6% against the dollar

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Analysis

Kurdistan Region Labor Work Bill

Mahmood Baban

The Kurdistan Labor Law, with 120 pages, consisting of 20 chapters and 154 articles, was submitted to the Kurdistan Parliament Presidency for its second reading. Reasons for proposing the draft include changes and regulation of employer-worker relations

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Analysis

Iraq's 2023 Budget Expectations

Mahmood Baban

Although Iraq's revenues have exceeded $90 billion this year, the government could not set a budget for 2022, the same as in 2020. However, the Iraqi government is now preparing the 2023 budget. Due to the central bank's reserves and oil prices, the 2023 budget is expected to be the most significant proposed budget for Parliament in the modern history of Iraq.

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Analysis

Manama Dialogue Discussions, from Weapons to Energy

Mahmood Baban

In the upcoming days, Bahrain will host the 2022 Manama Dialogue again. The Manama Dialogue is scheduled from November 18th to the 20th of the same month. It is worth noting that this year's edition focuses on energy security rather than security and military issues

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Analysis

Continued Militia Attacks on The Oil and Gas Industry

Mahmood Baban

Attacks conducted by “illegal” Iraqi armed groups are increasing on oil and gas investments in the Kurdistan Region. According to reports, companies operating in the oil and gas sector in the Kurdistan Region have been forced to work with less staffing.

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Analysis

Iraq's Oil Ministry Efforts to Seize the Kurdistan Region's Oil and Gas

Mahmood Baban

Iraq’s oil ministry has issued two letters and tried two different ways this month and increased its attempts to seize and remove oil and gas companies from dealing with the Kurdistan Region. First, by sending a letter to international oil and gas companies in the Kurdistan Region to deal directly with the State Organization for Marketing of Oil (SOMO).

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Analysis

The Consequences of Russia's Sanctions on Kurdistan Region and Iraq

Mahmood Baban

Three big Russian oil companies have the capital of about $14 billion in investment in the field of oil and gas in the Iraq and Kurdistan region. Gazprom produces 30,000 barrels of oil and 40 million cubic feet of gas daily in the Sarqala field, and Lukoil produces about 500,000 barrels of oil at the Western Qurna2 oil field in Basra.