Tuesday, September 9, 2025
🛢️ Between Promises and Pressure: What Iraq’s Oil Boost Really Means 💰🇮🇶
🛢️ Between Promises and Pressure: What Iraq’s Oil Boost Really Means 💰🇮🇶
Baghdad Today – 09/08/2025
As Iraq faces a crippling annual deficit in the tens of trillions of dinars, any increase in oil revenue is seen as a much-needed financial breather. But how much can a small production bump really help?
🔺 OPEC+ Decision: What’s New?
Economist Nabil Al-Marsoumi reports:
Starting October, OPEC+ will raise production by 137,000 barrels/day.
Iraq’s share? A modest +17,000 barrels/day, raising output to 4.137 million barrels/day.
This follows a virtual meeting between 8 oil-producing giants:
🇸🇦 Saudi Arabia | 🇷🇺 Russia | 🇮🇶 Iraq | 🇦🇪 UAE | 🇰🇼 Kuwait | 🇰🇿 Kazakhstan | 🇩🇿 Algeria | 🇴🇲 Oman
🧮 Will This Actually Help Iraq’s Deficit?
Short answer: Not much—but it helps... a little.
Experts say:
“Increased revenues may give Iraq a little breathing room.”
But there are strings attached:
The impact depends on stable global oil prices.
Government overspending & mismanagement could nullify gains.
Iraq remains dangerously dependent on oil—making its economy vulnerable to global market shocks.
📉 Iraq’s Bigger Problem: The Rentier Trap
Even with more oil money:
Iraq's structural deficit remains.
Lack of a diversified economic strategy keeps the country hostage to OPEC+ decisions and global prices.
Each “good news” cycle simply buys time, not solutions.
⚠️ Political Risks Mounting
Complicating things further:
SOMO, Iraq’s top oil marketer, is under U.S. scrutiny.
Accusations of mixing Iraqi & Iranian oil could lead to sanctions.
That would undermine new gains and isolate Iraq in the global market.
🧠 The Real Question:
Is a small oil bump enough to “breathe”?
Or is Iraq just delaying the inevitable without a true economic transformation?
Conclusion:
Iraq’s increased oil quota offers a short-term patch, not a long-term plan. With fiscal pressures, sanctions risk, and a rentier model that keeps recycling its crises, experts urge structural reforms, not just more barrels.
📖 Full article: Baghdad Today
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MARKZ: 🚨 RV Countdown? Major Chatter & Oil Deals Locked In!
🌀 RV & Currency News
Huge Expectations This Week – Chatter is off the charts, but stay calm. Rollercoaster of rumors is in full swing.
Bonds & Groups – Strong rumors funds are moving… possibly within 48 hours, but no hard confirmations yet.
Dinar & Dong Rumors – Tons of misinformation on YouTube claiming RV already happened. Don’t buy into it—if it were real, we’d all be exchanging.
HCL Update – Rumors say Hydrocarbon Law (HCL) could hit the Council of Ministers on Tuesday. Mark says: it’s already had more than one reading—could move quickly.
Oil Deals Sealed – “SOMO chief tells Kurdistan24” that Baghdad & Erbil finalized oil export agreements. Iraqi oil now flowing.
Salaries Update – Kurdistan has presented its August payroll to Baghdad. A strong indicator things are aligning.
Basel III Ready? – One member says a mortgage company (that bought a bank) claims they’re Basel III compliant.
🧠 NESARA/GESARA?
Community consensus: Parts may happen, but don’t expect it under those names. Gradual rollout expected.
🛰️ Chatter, Blackouts & Banking Stories
Rumor Mill: Mass communication blackout in Africa with celebrations sparked curiosity.
Forex Watchers: Still no reaction from forex markets… caution advised.
Secret Meetings?: Sudani heading to Brussels after reported WTO and Oman visits. Some wonder if it’s tied to the RV timeline.
🏦 Redemption Centers Explained
Yes, they’re real. Redemption centers = specially trained banks for foreign currency exchange.
Mark: “Why is this still confusing for some?”
🙏 Final Thoughts
Everyone’s hoping for a breakthrough this week.
Chatter is heavy, but no confirmations yet. Stay grounded.
🎙️ Replay Reminder:
StacieZ joined today’s stream – catch the replay for her insights.
📌 Important Disclaimer
The content is for educational purposes only and not financial/legal advice. Everything is MarkZ’s opinion. Do your own research and consult professionals.
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