Sudanese directs the rapid establishment of the fixed platform for importing gas, 21 NOV

Sudanese directs the rapid establishment of the fixed platform for importing gas

On Monday, Prime Minister Muhammad Shiaa Al-Sudani directed the swift establishment of a fixed gas import platform.

The Prime Minister’s Media Office has issued a statement stating that Al-Sudani chaired a meeting to continue discussions on constructing a fixed platform for processing imported gas at the Al-Faw port. This project is considered a crucial strategic project for Iraq as it will help diversify gas sources. The project is located within the port area and will be operated by the power plants in Iraq.

The Prime Minister instructed the formation of a specialized committee to prepare an integrated vision for the vital platform project within two weeks.

Al-Sudani emphasized that the government is determined to continue diversifying energy sources and implement radical strategic solutions to optimize the use of natural and associated gas. The government has already initiated steps to achieve gas self-sufficiency in the coming years.

PM Al-Sudani Takes Action on Exchange Rates | Free Trade Zone | BRICS In...

"RV UPDATE" BY PIMPY, 21 NOV

  Pimpy  

 Article:  "Changes in business dealings...Iraq replaces the dollar with other currencies to stabilize the dinar"  

All this is good news but it's going to take a little time for some of this to be implemented.  What I'm looking forward to is seeing how Iraq does in the first quarter of next year because by then all the kinks should have been worked out of these programs implemented and we should start to see the results in the first quarter of 2024.

 Iraq is rocking and rolling on infrastructure.  This is going provide a lot of jobs.  This is going to start really opening up the economy for Iraq...Things are starting to rock and roll, let's hope nothing spoils it...

Article: "Iraqi banks begin straightening their accounts in UAE dirhams next week"  

There you go next week they start a different currency swap.  This one is now going to be with the UAE.  They're currently working on India as well...This is...necessary for them to do business with one another...These currency swaps can start happening but in order for us to see any real results it's going to take at least the rest of the year for this thing to get ironed out and implemented...The end of the first quarter of 2024...we'll start to see some results.

Dollar Prices Stabilize In Baghdad And Erbil With The Closure Of The “Al-Kifah And Al-Harithiya” Stock Exchanges, 21 NOV

  Dollar Prices Stabilize In Baghdad And Erbil With The Closure Of The “Al-Kifah And Al-Harithiya” Stock Exchanges

Posted On2023-11-20 By Sotaliraq  2023-11-19  The exchange rates of the US dollar against the Iraqi dinar stabilized on Sunday in Baghdad and Erbil, the capital of the Kurdistan Region, with the closure of the two stock exchanges.

Our correspondent said that dollar prices stabilized with the closure of the main Al-Kifah and Al-Harithiya stock exchanges in Baghdad, recording 157,900 Iraqi dinars against 100 dollars, which are the same prices that were recorded this morning.

Our correspondent indicated that selling prices in exchange shops in local markets in Baghdad stabilized, as the selling price reached 158,750 Iraqi dinars for 100 dollars, while the purchase price reached 156,750 dinars for 100 dollars. 

In Erbil, the dollar also recorded stability, as the selling price reached 158,000 dinars for every 100 dollars, and the purchasing price was 157,900 dinars for every 100 dollars.  LINK

Masrour Barzani: Repeated Violations Of The Iraqi Constitution Threaten Stability And Portend The Return Of Sectarianism, 21 NOV

 Masrour Barzani: Repeated Violations Of The Iraqi Constitution Threaten Stability And Portend The Return Of Sectarianism

2023-11-20 01:23  Shafaq News / The Prime Minister of the Kurdistan Regional Government, Masrour Barzani, confirmed on Monday that the Middle East is witnessing existential challenges, most notably climate change, and while he warned that this will lead to an exacerbation of food insecurity, water scarcity and mass migration, he pointed out that the region is also witnessing a renewal of violence. This represents a threat to peace and security.

In an opening speech at the fourth meeting of the Middle East Peace and Security Forum, hosted by the American University of Kurdistan in the city of Dohuk, Barzani stressed the importance of working to find peaceful solutions to conflicts in the region.

He stated that the Palestinian and Kurdish issues require the same rights and dignity.

He also expressed his concern about the recent developments in Iraq, stressing that repeated violations of the Constitution threaten stability and herald the return of sectarianism.

The Prime Minister also said that unilateral decisions and the exclusivity of one group in government institutions will exacerbate corruption, injustice, poverty and rebellion.  LINK

💵Iraqi Dinar💵Very Exciting🔥News Guru Intel Update IQD Value to USD🤑💵🤑🎉

"RV UPDATE" BY TEXAS SNAKE, (SPANISH & ENGLISH), 20 NOV

 Domingo 19 Noviembre 2023

06:02 A.M. Hora TEXAS USA

Texas Snake : Dice

— IRAK, al igual que la mayoría de los demás países involucrados con la primera canasta RV, desea que EE. UU. autorice las monedas respaldadas por activos al mismo tiempo que ejecutan los nuevos valores monetarios en sus respectivos países y sería absolutamente una locura si nuestro Tesoro no anunciara las USN respaldadas por activos. al mismo tiempo.

— Anoche recibí información preliminar que no pude confirmar y hoy me incluyeron en una llamada internacional desde varios países de todo el mundo, incluidas las ciudades estadounidenses de Nueva York, Reno, Mia, además de Zurich, Hong Kong e Irak.

— La suma y sustancia de este llamado era toda la reorganización bancaria y monetaria del país que se presentaría a los ciudadanos esta semana y el CBI ( BANCO CENTRAL DE IRAK ), quería que esta nación anunciara nuestra nueva moneda junto con ellos, pero si no, entonces el CBI e

IRAK RV por su cuenta.

— Las fechas de los anuncios son el LUNES 20 o el MARTES 21 y la fecha de entrada en vigor será el MIÉRCOLES 22 NOVIEMBRE 2023 de la próxima semana.

— Según varios participantes en la convocatoria, se han cumplido todos los requisitos, como FOREX. Recuerde que solo soy un mensajero, pero parecían muy seguros de esta información.

----

Translation in English: 

Sunday November 19, 2023

06:02 A.M. Time TEXAS USA

Texas Snake: Says

— IRAQ, like most other countries involved with the first RV basket, wants the US to authorize asset-backed currencies at the same time they execute the new monetary values ​​in their respective countries and it would be absolutely crazy if our Treasury will not announce asset-backed USNs. at the same time.

— Last night I received preliminary information that I could not confirm and today I was included in an international call from several countries around the world, including the American cities of New York, Reno, Mia, as well as Zurich, Hong Kong and Iraq.

— The sum and substance of this call was the entire banking and monetary reorganization of the country that would be presented to the citizens this week and the CBI (CENTRAL BANK OF IRAQ), wanted this nation to announce our new currency together with them, but if not , then the CBI and

IRAQ RV on your own.

— The dates of the announcements are MONDAY, the 20th or TUESDAY, the 21st and the effective date will be WEDNESDAY, NOVEMBER 22, 2023 of next week.

— According to several participants in the call, all requirements have been met, such as FOREX. Remember I'm just a messenger, but they seemed very confident about this information.

Economist: Soon Solutions Will Lead To A Decline In The Dollar And Turbulent Monetary Policy In Iraq, 20 NOV

 Economist: Soon Solutions Will Lead To A Decline In The Dollar And Turbulent Monetary Policy In Iraq

Time: 11/19/2023 Read: 3,289 times   {Economic: Al-Furat News} The economic expert, Abdul Rahman Al-Mashhadani, revealed close solutions that would lead to a decline in the dollar, while describing monetary policy as “turbulent in Iraq.”

Al-Mashhadani said: For the {State Dialogue} program broadcast by Al-Furat satellite channel this evening, he said: “In the coming days, there are solutions that will lead to lowering the exchange rate, as we have 5 Iraqi banks that have partnerships with solid international banks and have a high reputation and capital.” 

He added, "The partnership with Qatar National Bank gives strength to Iraqi banks, while Iraq and Iran deal with a third currency in commercial transactions, reducing the price of the dollar."

Al-Mashhadani described the current monetary policy in Iraq as “turbulent and is merely a buffer to absorb the mistakes of previous trade policies, and it is not compatible with the actual need.”

He added, "The platform detected 90 percent of the manipulations and problems in transfers. Some contracts were gateways to corruption and money laundering, and half of the invoices presented for imports were forged."

Al-Mashhadani pointed out that "the food sector accounts for approximately 41 percent of the inflation equation, and exchange rate fluctuations affect various sectors in addition to the psychological factor."

He concluded by saying, "80% of transfers were rejected by the US Federal Bank for no reason, and the delay in rejected transfers forces merchants to buy from the parallel market." Wafaa Al-Fatlawi   LINK

After importing the dollar... an optimistic statement about the exchange rate in Iraq, 20 NOV

After importing the dollar... an optimistic statement about the exchange rate in Iraq 

Economy| 06:48 - 11/18/2023
Mozaine News - Baghdad
 
The economic expert, Abdul Rahman Al-Mashhadani, revealed the impact of the Central Bank’s steps on the dollar exchange rate in Iraq. 
 
Al-Mashhadani said in an interview with Mawazine News, 
 
“The recent measures will contribute to lowering the exchange rate by allowing banks to bring remittances from companies that have bank accounts in them or from their balances abroad, and this will achieve two things. 
 
The first is that the central bank will be freed from the Fed’s oversight and penalties, given that any dollar Of these dollars, if they leak into the markets of the sanctioned countries, they are not from the Central Bank’s dollars. 
 
The second is that these transfers mostly belong to foreign companies operating in Iraq that employ Iraqi employees and receive their salaries in dollars, or that have contracts with Iraqi companies that supply them with materials such as food, for example, or deliver them to them. 
 
The contracts of these companies are denominated in dollars. 
 
They will certainly be exchanged in the parallel market and will be an important resource for financing the market.”  He added, "This is also the case with the banks being freed from transfer control through the platform and returning to its old method by enhancing the balances of banks that have foreign correspondent banks or that have  partnerships with foreign banks. 
 
This measure will lead to reducing the period for issuing the transfer from 15-30 days to two or three days." Days, at the same cost, and the auditing of these transfers is carried out by JP Morgan or the American Citibank, while previously the process of auditing and filtering was carried out by the Central Bank, then the Federal Reserve, and then Citibank or JP Morgan.”  He added, 
 
"The Central Bank's measures remain insufficient because they require the support of supporting government agencies such as customs, border crossings, the Ministry of Commerce, and the stability of the political and security situation."
 
https://www.mawazin.net/Details.aspx?jimare=238063

Christmas Celebration Soon?💣Iraq Currency Swaps?🤔Iraq Dinar RV Updates |...

"RV UPDATE" BY MILITIAMAN, 20 NOV

 Militia Man 

 Article [via MeetMeOnline] quote:  "Easing of global commodity prices, the revaluation of the dinar, the continued price subsidies are projected to keep inflation in check..."  This is coming from the World Bank...price subsidies are projected to keep inflation in check because of why?  Because of the revaluation of the dinar...The World Bank are the ones talking about the revaluation of the dinar and the revaluation will help facilitate [many things]...

 The Bank of International Settlements is the central banks of all central banks.  They move markets.  Commercial traders fear central banks because of the amount of money they have to be able to throw at markets.  The Bank of International Settlements talked with language I've never heard before in my 30 years of trading. 

 When central banks have to be very very careful on how they say things because what they say will move markets.  People can lose and make money.  Article " The Arab Monetary Fund of the International Settlements organized a meeting...on Wednesday and Tuesday November 15th 16th of 2023"  

This article did not come out until the 16th.  The 15th they never mentioned it...Why not tell you in advance they're having a meeting...? 

Quote:  "the meeting comes under highly complex economic conditions...discussing a number of aspects related to the role of monetary policy in facing risks resulted from the repercussions of possible macroeconomic shocks..."  

In other words, something is going to happen and they're telling the largest entities in the world that they're facing risks resulting from repercussions of possible macroeconomic shocks.  In other words if something happens in a small country, something else could happen in a big country...If the bank of International Settlements is telling this to other central banks who does business with other central banks, those that need to know this information just got told something's up

Parliamentary Finance reveals the possibility of successful “digital transformation” in government banks , 20 NOV

Parliamentary Finance reveals the possibility of successful “digital transformation” in government banks 
 
Economy |11-16-2023, 18:13 |
Baghdad Today - Baghdad
 
Today, Thursday (November 16, 2023), the Parliamentary Finance Committee revealed the possibility of government banks succeeding in automating the banking system and switching from the paper to the digital system.
 
Committee member Mustafa Al-Karaawi told “Baghdad Today” that 
 
“there is a noticeable development in government banks through the automation of the banking system and the shift from the paper to the digital system. 
 
There is a great reliance on development in this matter, especially in completing some transactions electronically, especially related to advances.” And others."  Al-Karaawi stated that
 
 “the economic and financial ground for government banks is prepared for this transformation, especially with the great development in global financial systems, and 
 
Iraq is part of this world and keeps pace with all developments, and 
 this transformation has important economic benefits, especially since the development of the banking and financial sector in Iraq is important for investment.” Especially foreigners, 
 
it also contributes to reducing red tape and some cases of corruption and extortion.”
 
A government meeting was held the day before yesterday, Tuesday, according to the Prime Minister’s Office, “to discuss the implementation of the comprehensive banking system, through the use of advanced electronic programs and modern technology in all banking transactions, 
 
and to discuss the development plan presented by the international company (Ernst & Young) regarding the restructuring of Rafidain Bank.” In order  to ensure the development of its business and the provision of a package of integrated banking services to citizens and companies, on a par with international banks, and 
 
in this regard, the Prime Minister directed bank departments to seek international expertise by contracting with consultants specialized in banking and financial work.”
 
Prime Minister Muhammad Shiaa Al-Sudani directed the directors of all government banks to prepare a plan to be submitted within one month, to develop the work of banks, including the optimal use of financial, human and technical resources, moving from paper work to codified work, electronic dealing with all banking activities, 
expanding electronic payment services, and developing a comprehensive vision. “For banks to grant credit facilities and loans, and develop work mechanisms, including control and oversight tools.” 
 
https://baghdadtoday.news/235717-المالية-النيابية-تكشف-إمكانية-نجاح-التحول-الرقمي-في-المصارف-الحكومية.html

FRANK26…..11-20-23……..1000:1 THEN LIFT THE 000’s !!!

The Iraq Fund for Development is a serious start , 20 NOV

 The Iraq Fund for Development is a serious start 

Yasser Al-Metwally
 
Today, hopes are building that the Iraq Fund for Development, despite its late arrival, will be a successful and serious start to achieving the goals of sustainable development 
 
And the truth is, it is a guarantee for the future generations of Iraq’s wealth. 
 
For the first time, I sense seriousness in the steps of preparation and planning to implement the Fund’s programs and objectives, based on important procedures 
 
Followed during the establishment stages, especially at the beginning 
 
The highest figure in the government apparatus assumes responsibility for its administration, represented by the Prime Minister. 
 
The second important measure is also the involvement of the private sector  in the membership of the Fund’s Board of Directors, and 
 
here the priority of the seriousness that I described in the correct steps for establishing it emerges. 
 
Having the head of the government hierarchy manage the Fund gives it support and momentum to move towards achieving the most important aspect of the government program related to the implementation of development projects.
 
Then, involving the private sector in half of the members of the Board of Directors adds seriousness to the success of the Fund’s objectives, based on the fact that the private sector is the true meaning and engine of development and attracting investments, and using its vision contributes to the success of the executive steps based on its expertise and experience in implementing projects.
 
What is also striking in the purposeful steps that have been observed in establishing this fund is the naming of the executive management of the fund as a scientific, technocratic figure who is familiar with  global experiences and who tries to apply the experiences of developed countries and who has successful experiences in drawing up the fund’s plans, in addition to selecting representatives of the private sector who are supposed to represent the real private sector in the membership of its board of directors..
 
What is the latest action taken by the executive management of the fund by holding a dialogue session in cooperation with the Association of Banks with representatives of the banking sector to brief them on the objectives and mechanisms of the fund’s work and to listen to their views on the possibility of contributing to the fund in a confident step that is considered by the executive management? How?
 
This is because the banking sector is the arm on which the private sector and implementing companies depend, through their access to advanced banking services to manage corporate affairs.
 
The Fund's marketing program is underway through continuous meetings with various sectoral bodies and experts with the aim of crystallizing the advanced formula for the success of the Fund's objectives. Here lies my justification for taking the step for the first time.
 
What is real and what is required for sound and correct institutional building, and this method is something we are not accustomed to and did not touch during the era of previous governments.
 
For this reason, we see the possibility that this fund will be a guarantee for the future of generations, whether in the development projects that will be implemented or in the future of investing the remaining funds that will be preserved for them, and that it will be an alternative opportunity for the opportunities that were lost, and this is our desire in continuing calls for the establishment of sovereign funds. 
 
We hope for the best. 
 
We are optimistic about the future, hoping that these steps will be serious and correct this time. 
 
https://alsabaah.iq/87462-.html

Iqd I’m a fan of Salah every thing he said on the spot BY NADER FROM MID EAST

"RV UPDATE" BY FRANK26 & RAYREN98, 20 NOV

Frank26

  The Iraqi dinar is now going to enter a basket in a float and that's why the CBI has been talking...about the basket and coins...

 All they talk about is the exchange rate of the Iraqi dinar, about the black market going away and the only way that all of this can happen is if we have a new exchange rate and a new currency to match it.  They are preparing [Iraqi citizens].  This is the monetary reform at its highest point.

  Question: "If you just have a small amount of dinars would you just go to the bank manager [to exchange]? " 

  Yeah.  You got a small amount... 100,000, quarter of a million whatever, yeah, go up to the teller and have them take care of you.  They won't take care of you at the counter, they'll move you over.  That's why they're building these cubicles all over the place.

RayRen98  

 [via Babysmom] 

 ...THIS MORNING "3 LTR GUYS SAY THEY ARE NOT SURE IF WE WILL SEE "IT" THIS MORNING OR LATER TODAY AFTER THE MARKET OPENS...BUT THEY ARE DEFINITELY THINKING "TODAY".. TIME WILL TELL"; "... "ALL IS READY, AND WE JUST GOT THE (GO) SIGNAL. ALL SYSTEMS READY...NO HOLD UPS IN SIGHT.TIME WILL TELL".

Iraq’s Prime Minister Discusses Bilateral Relations and Gaza Tragedy with U.S. Ambassador, 20 NOV

 Iraq’s Prime Minister Discusses Bilateral Relations and Gaza Tragedy with U.S. Ambassador

On the eve of an intricate discussion scheduled for next week, Iraq’s Prime Minister, Mohammed Shia’ al-Sudani, sat down with the U.S. Ambassador to Iraq, Alina Romanowski. The talks centered around bilateral relations and mutual cooperation, with specific emphasis on potential financial collaboration between the Iraqi Central Bank and the U.S. Treasury.

Addressing the Gaza Tragedy

The dialogue didn’t shy away from the ongoing tragic events in Gaza. The mass killings of civilians by occupying forces and severe human rights violations of Palestinians were brought to the forefront. Prime Minister al-Sudani reaffirmed Iraq’s principled stance on the Palestinian issue, expressing the urgency to halt these assaults , guarantee safe passages, and facilitate the entry of food and medical aid.

Ensuring Palestinians’ Rights and Dignity

The Prime Minister further stressed the indispensable need to guarantee Palestinians’ rights to live safely and with dignity. His words resonated with a commitment to justice and humane treatment for all.

Securing Iraq’s Diplomatic Missions

Prime Minister al-Sudani also reiterated Iraq’s commitment to protecting diplomatic missions and security advisors within the International Coalition against ISIS. He emphasized the continuous role of Iraqi security forces in carrying out their legal duties to maintain security and stability within Iraq.

The conversation shed light on the delicate task of balancing Iraq’s relations with both America and Iran, especially amidst the Gaza war. It underscored the potential impact on Iraq’s security and economic survival and the role of Shiite militias in the country. The efforts of the Iraqi government to prevent escalation and maintain a balancing act between the US and Iran were also highlighted.

https://bnn.network/world/us/iraqs-prime-minister-discusses-bilateral-relations-and-gaza-tragedy-with-u-s-ambassador/

Al-Sudani reaffirms commitment to protect diplomatic missions in Iraq, 20 NOV

 Al-Sudani reaffirms commitment to protect diplomatic missions in Iraq

Shafaq News / Iraqi Prime Minister, Mohammed Shia al-Sudani, reiterated on Monday evening to the U.S. Ambassador to Iraq, Alina Romanowski, Iraq's commitment to safeguarding diplomatic missions in Baghdad.

A statement from al-Sudani's office indicated that the meeting discussed bilateral relations between the two countries and addressed issues of mutual cooperation in various fields. Additionally, the meeting saw discussions on cooperation between the Central Bank of Iraq and the U.S. Treasury, with several agenda items to be discussed in their upcoming meeting next week.

The meeting touched upon the tragic events unfolding in Gaza, highlighting the genocidal crimes targeting innocent civilians by the occupying authorities. Al-Sudani emphasized the magnitude of severe violations of Palestinian rights and the exacerbation of the humanitarian situation.

The Iraqi Prime Minister affirmed Iraq's steadfast and principled stance on the Palestinian issue, emphasizing the imperative need to halt the aggressions committed by occupying forces. He called for the opening of safe passages to allow food and medical aid for civilians and to ensure Palestinians' rights to live in dignity and safety.

He also underscored Iraq's commitment to protecting diplomatic missions and the security advisors within the international coalition's mission against ISIS. The Prime Minister emphasized that Iraqi security apparatuses are diligently fulfilling their legal duties to maintain security and stability within Iraqi territories, as per the statement.

https://shafaq.com/en/Iraq-News/Al-Sudani-reaffirms-commitment-to-protect-diplomatic-missions-in-Iraq-3

Iraqi Dinar🔥Iraqi Economy Slient Revaluation Today 2023🔥iraqi dinar RV u...

"RV UPDATE" BY CLARE & SANDY INGRAM, 20 NOV

 Clare  

Article Written by: Baqir Jabr Al-Zubaidi - former Minister of Finance "The ongoing dollar crisis"  

Quote:  "The dollar crisis is a policy crisis of the continued American threat of sanctions, accompanied by the continued bleeding of the currency by private banks that are protected by some influential people, and this conflict is paid for by the citizen...Solutions exist, and during our tenure at the Ministry of Finance (2006-2010), we succeeded in increasing the value of the dinar from (1,500 dinars to the dollar to 1,170 dinars to the dollar). We were planning to reach (1,000 dinars to the dollar) and then raise the zeros so that the dinar was equal to the dollar."

Article:  "Private banks and exchange companies express their preparations to reduce the exchange rate"  

Quote:  "Private banks and exchange companies are showing great preparations, collectively and in coordination, to reduce the price of the dollar ”

Sandy Ingram  

 The reason countries have foreign reserves is to make sure that a country has backup funds if its national currency rapidly devalues or becomes entirely worthless.  It's common practice for central banks of different countries around the world to hold large amounts of reserves of foreign exchange.  Most of these reserves are held in US dollars since it is the most traded currency in the world...

The amount of monies a country holds in its reserves has a lot to do with the county's currency rate...Iraq has the largest foreign currency reserves in its' history...

CBI sells +$233 million in forex on Monday, 20 NOV

CBI sells +$233 million in forex on Monday

Shafaq News/ The Central Bank of Iraq (CBI) auctioned more than $233 million on Monday with remittances outweighing cash sales by a huge margin.

According to a correspondent from Shafaq News Agency, the CBI sold a total of $233,107,562, during today's auction. The bank covered these transactions at a base exchange rate of 1,305 dinars per dollar for documentary credits and international settlements of electronic cards, while the rate stood at 1,310 dinars per dollar for foreign transfers and cash transactions.

Our correspondent explained that the majority of the sales went to feed foreign balances in the form of transfers and credit transactions, amounting to $213,517,562. The remaining $19,590,000 were allocated for cash deals.

Cash deals were made by four banks, while 17 banks met the requests relevant to foreign balances. A total of 46 exchange and brokerage companies took part in the auction.

https://shafaq.com/en/Economy/CBI-sells-233-million-in-forex-on-Monday

 

Iraq's Prime Minister Accelerates Gas Import Platform Establishment for Energy Source Diversification, 20 NOV

 Iraq's Prime Minister Accelerates Gas Import Platform Establishment for Energy Source Diversification

Shafaq News/ On Monday, Iraqi Prime Minister Muhammad Shia Al-Sudani directed expediting the establishment of a platform for importing gas to diversify energy sources in Iraq.

During a meeting, Al-Sudani discussed with officials the establishment of a fixed platform for processing imported gas in Al-Faw Port, deemed a crucial strategic project for Iraq. This initiative aims to contribute to the diversification of the country's gas sources fueling power stations. 

Prime Minister Al-Sudani issued instructions for forming a specialized committee to prepare a comprehensive vision to be presented within two weeks, advancing the critical platform project.

Emphasizing the government's commitment to diversifying energy sources, Al-Sudani underscored the adoption of radical strategic solutions. These measures are geared towards optimal natural and associated gas utilization, aligning with the government's initiatives to achieve gas self-sufficiency in the coming years. 

A fixed platform for processing imported gas in Al-Faw Port is a critical infrastructure project that will help ensure a reliable electricity supply to Iraq. The platform will be able to process up to 1 billion cubic feet of gas daily, which is enough to meet the needs of approximately 5 million homes. It will also be able to store up to 120 million cubic feet of gas, providing a buffer against supply disruptions.

The project is expected to take approximately three years to complete. The Iraqi government has already allocated $1.5 billion for the project, which is expected to be financed by public and private funds.

The platform will be located in the southern Iraqi port of Al-Faw, which is located on the Persian Gulf. Al-Faw is a strategic location for the project, as it is close to the gas source and the electricity grid.

https://shafaq.com/en/Economy/Iraq-s-Prime-Minister-Accelerates-Gas-Import-Platform-Establishment-for-Energy-Source-Diversification