Monday, March 10, 2025
FRANK26: "AL-SUDANI KNOWS WHOSE SIDE HE IS ON", 11 MARCH
KTFA
FRANK26: "AL-SUDANI KNOWS WHOSE SIDE HE IS ON"......F26
America calls on Iraq to end dependence on Iranian energy and welcomes Al-Sudani's commitment
3/6/2025
The US State Department called on Iraq to stop relying on Iranian energy sources "as soon as possible. "
In response to whether Washington has reached a deal to renew Iraq's exemption from sanctions on Iranian gas imports, which expires tomorrow, Saturday, US State Department spokeswoman Tammy Bruce said, "At this point, we have nothing to announce regarding the current electricity exemption, which expires on March 8."
"We are reviewing all existing sanctions waivers that provide any measure of economic and financial relief," she added.
The spokeswoman welcomed the commitment of Iraqi Prime Minister Mohammed Shia al-Sudani "to achieve energy independence," expressing her hope that the United States would lead the way when it comes to this type of approach.
Iraq currently produces 27,000 megawatts of electricity through stations, most of which operate on gas, but the production capacity sometimes drops to 17,000 megawatts.
This amount, at its maximum, does not meet the country's electricity needs, as Iraq needs to increase production to reach 40,000 megawatts in order to ensure the provision of energy around the clock.
To solve this crisis, Iraq resorted to importing quantities of Iranian gas, which threatened to expose it to US sanctions, before the United States granted it an exemption that is renewed periodically.
With US President Donald Trump returning to power, he pledged to pursue a policy of "maximum pressure" towards Iran. As a result, the Iraqi government asked the new US administration to extend the waiver granted by the previous administration, according to previous statements by Al-Sudani in an interview with Asharq.
Al-Sudani touched on the issue of ending dependence on Iranian supplies during the interview, noting that the country plans to completely end gas imports by 2028, adding: "There will be clear energy independence."
He continued: "Ultimately, we need this exception to continue throughout this period. At the same time, we have started the process of linking energy with neighboring countries in order to cover our needs, and this is part of the concept of integration that we seek with our brothers."
This is not the first statement of its kind, but rather comes just days after US Secretary of State Marco Rubio called Iraqi Prime Minister Mohammed Shia al-Sudani, where they discussed Iranian influence in the region, and Rubio urged Iraq to "achieve energy independence."
The new US statement may not mean that Washington will not renew the exemption granted to Iraq, but it indicates increased pressure on Baghdad to get rid of these supplies.
The comments come hours after US Treasury Secretary Scott Besant confirmed that the US would tighten sanctions on Iran, adding that the US would “shut down” the country’s oil sector using “pre-determined criteria and timelines.” He hinted that “making Iran bankrupt again (MIBA -F26) would be the beginning of our updated sanctions policy.”
The Treasury secretary suggested that the United States could work with “regional actors” to help Iran get its oil to market. One of those countries is likely to be Russia, which earlier this week signaled its willingness to help the United States in talks with Iran over ending its nuclear program and its support for anti-American regional proxies.
“Treasury is prepared to engage in frank discussions with these countries,” Bessent said. “We will work to shut down Iran’s oil sector and drone manufacturing capabilities.”
IRAQ UPDATES, 11 MARCH
IRAQ UPDATES
Markets are way down including oil. Oil futures not looking good for Iraq.
Economist commenting Low Oil Prices may force Iraq to Reduce the Exchange Rate and cut expenses.
👉 News that Iraq’s 2025 Budget could go to parliament before March month ends.
💰Get in Line For Something Big.
FRANK26: "LOL LOL LOL LOL LOL!!!".: Parliamentary Committee Calls on Government to Refer Oil and Gas Law to Parliament , 11 MARCH
KTFA
FRANK26: "LOL LOL LOL LOL LOL!!!"........F26
Parliamentary Committee Calls on Government to Refer Oil and Gas Law to Parliament Immediately
Between security stability and economic challenges... the last year of Al-Sudani's government, 10 MARCH
Between security stability and economic challenges... the last year of Al-Sudani's government
As the government of Mohammed Shia al-Sudani enters its final year, many challenges emerge on the scene, despite the achievements made in various fields.
MP Hussein Al-Azirjawi confirmed in an interview with "Baghdad Today", Sunday (March 9, 2025), that "the security situation is stable and has not been affected by regional events," pointing to the readiness of the security forces to confront any emergency.
On the economic level, Al-Azirjawi pointed out that “there are some difficulties, but they are less severe than what previous governments faced,” stressing that “the government is continuing to address the crises, especially with regard to paying salaries and reviving development projects in various governorates.”
He also pointed out that "Al-Sudani's government has achieved broad popular satisfaction, thanks to the resumption of work on a number of vital projects, such as bridges, hospitals and factories.
Despite the challenges of low oil prices, he stressed that "the government has the solutions to overcome the obstacles," expecting that "the economic or security file will not constitute a major obstacle in the next stage."
Prime Minister Mohammed Shia al-Sudani assumed office in October 2022 amid complex political and economic conditions, as his government came after a long formation crisis following the early parliamentary elections in 2021.
Since then, his government has faced sensitive issues, most notably improving the economic situation, enhancing security, and combating corruption, in addition to trying to achieve internal and external political balance in light of the tense regional situation.
As the current government enters its final year, new challenges emerge, particularly in light of the fluctuations in oil prices and their impact on the general budget, in addition to the continued need to implement economic reforms and combat corruption to ensure sustainable improvement in government performance link
TIDBIT FROM MNT GOAT, 11 MARCH
Mnt Goat
Articles: “INVESTMENT OPPORTUNITIES ARE EXPANDING...FAO IS PREPARING TO TRANSFORM INTO THE LARGEST INDUSTRIAL CITY IN THE MIDDLE EAST” and “MF CONFIRMS SUPPORT FOR IRAQ IN DEVELOPING FINANCIAL POLICIES”
Quote: “the development road will transform Iraq into a pivotal commercial center linking the East and the West through advanced industrial cities extending from Al-Faw to the Turkish border,”
All I can say is WOW! WOW! WOW!.
How can the dinar ever stay at 1/6 of a penny in the near future?...
$100 billion annually.. Iraq's spending exceeds the 3 most powerful economies in the world, 10 MARCH
$100 billion annually.. Iraq's spending exceeds the 3 most powerful economies in the world
The head of the Iraq Future Foundation, Munar Al-Obaidi, revealed the rate of Iraq’s revenues and expenditures during the last ten years. While he explained that the country spends $100 billion annually, which is higher than the annual expenditure of three countries with strong economies, he indicated that the country’s problem is not with resources, but with the way they are managed.
Al-Obaidi said, "Over the course of ten years, Iraq's total revenues amounted to 1,028 trillion Iraqi dinars, with oil revenues accounting for 92% of the total revenues, while tax, customs and other sources contributed only 8%."
He added, "In contrast, Iraq spent 1,007 trillion Iraqi dinars during the same period, in addition to unliquidated loans ranging between 100-150 trillion dinars, which means that total spending exceeded 1,100 trillion Iraqi dinars, which is approximately equivalent to 1 trillion US dollars."
He continued, "Therefore, Iraq's annual spending rate becomes around $100 billion, which is higher than the spending rate of many developed countries, as the annual spending rate for each of the following reached: the United Arab Emirates: $65 billion, Malaysia: $82 billion, and Singapore: $77 billion."
He stressed that "although Iraq spends more than these countries, its GDP still depends almost entirely on the oil sector, compared to these countries that have succeeded in diversifying their economies to reach a GDP of $500 billion annually."
He pointed out that "the great paradox lies in the fact that these three countries do not possess the enormous natural resources that Iraq possesses, nor do they possess the same size of the human population, and yet they were able to build strong and prosperous economies with budgets less than what Iraq spends, while Iraq is still suffering under the burden of oil control, the rentier economy, disguised unemployment, and many economic problems that are growing and getting bigger year after year."
He pointed out that "the problem was never in the resources, but in the way they were managed and employed to achieve sustainable development," adding that "Iraq needs deep economic reforms that focus on diversifying the economy, improving spending efficiency, and combating financial waste to ensure a sustainable economic future."
He concluded his post with, “Iraq needs five words mentioned by a famous program about development a few days ago, which are (a stable government to improve development management). Any loss of any word in this phrase will lead to the collapse of the entire sentence.” link
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