Monday, November 20, 2023
Chinese Foreign Ministry: We are actively participating in rebuilding the Iraqi economy, 20 NOV
Chinese Foreign Ministry: We are actively participating in rebuilding the Iraqi economy
The Chinese Ministry of Foreign Affairs confirmed, on Monday, that Beijing is actively participating in rebuilding Iraq's economy, and is ready to coordinate and expand joint work with the Iraqi side.
The Chinese Foreign Ministry spokeswoman, Mao Ning, said about the Chinese company “PetroChina” taking over the position of the American company “ExxonMobil” in the Qurna field in Basra: “We are ready to make joint efforts with the Iraqi side to advance continued practical cooperation in various fields between the two countries.”
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She pointed out that "China and Iraq have a friendly relationship, and China, as a true friend of Iraq, has actively participated in rebuilding the Iraqi economy."
She added that China had "positive participation in economic and social development, and this was widely praised by the Iraqi government and people." link
Parliamentary wealth calls on the government to send the oil and gas law, 20 NOV
Parliamentary wealth calls on the government to send the oil and gas law
The Oil, Gas and Natural Resources Committee of the House of Representatives called on the government to expedite sending the oil and gas law to the committee in order to study and approve it to control the pace of revenues from the sale of oil.
Committee member Nazem Al-Shibli stated that “95 percent of the Iraqi budget depends on oil revenues, and there are major failures due to the failure to legislate the oil and gas law, which, if legislated, will control the pace of oil revenues issued by the regional government.”
He added, in an interview with “Al-Sabah” followed by “Al-Iqtisad News,” that “the stage requires documenting the law and intensifying the Oil and Gas Committee’s oversight of the performance of the Ministry of Oil, which there were many comments on its performance, and it requires the intervention of the Prime Minister to control the work of agents and general managers in The Ministry of Oil, which we consider an unconvincing performance.”
Al-Shibli explained that there are “obstacles within the oil and gas law itself, including the condition of selling from SOMO, and the committee is waiting for the government to send the law to control the rhythm of oil revenues, because oil is a natural wealth for all the Iraqi people, but the difference in authorities affected the legislation of the law, especially since passing the law is the solution.” “The only way to unify wealth,” noting that “there are great indicators of the performance of the Ministry of Oil.”
For her part, a member of the Oil, Gas and Natural Resources Committee, Thanaa Al-Rubaie, indicated in an interview with “Al-Sabah” that “the failure to approve the oil and gas law negatively affected the pace of development of the oil sector and led to major losses to the budget,” stressing that “the committee calls on the government and the blocs “The policy is to resolve agreements on the oil and gas law and approve it in order to control the pace of the oil sector and intensify work on it because it is the basis of the budget.”
She explained, “The committee, through its supervisory position, and according to the information it received, contaminated oil was sold due to money laundering,” confirming, “a subcommittee was formed to follow up on the sale of contaminated oil, and recommendations were made, including exempting officials in the Ministry of Oil from selling contaminated oil.”
She stated, "The committee, over the course of 6 months, followed up on the issue and made major decisions. Therefore, the committee in this parliamentary session is considered effective and strong. The subcommittee received the support of the Prime Minister and came up with important and useful recommendations. The employees concerned were diagnosed with selling the contaminated shipment and they were exempted and transferred."
To the judiciary, while it was proven after research and review that the process is money laundering,” and she continued, “
The committee is working with the Ministry of Oil to move and develop the gas investment file, and there is a sixth licensing round for gas investment link
Coffee with MarkZ and Bob Lock. 11/20/2023
"RV UPDATE" BY MARKZ, 20 NOV
MarkZ
[via PDK] “Iraqi Prime Minister orders a reform of the Iraqi banking sector” He goes on to address exchange rates.
“Iraqi financial expert predicts decline in dollar exchange rate.”
He expects the dinar to continue to gain strength against the US dollar. “BRICS: Iraq to ditch US dollar for imported goods” They are looking to start their own “free trade zone” for selling local goods in their own currency. With a steep discount for the goods. So by using the dinar they get a better deal on these products. This is part of de-dollarization.
In Iraq: “Iraq joins EBRD, becoming the 74th shareholder announces foreign ministry”
This is the European bank for Reconstructions and Development. This is a major worldwide organization and bank. They are not doing this for some third world country. Iraq applied to be a member in 2018. But, they waited until now to bring them on board.Does this tell you anything ?
I believe it tells us we are about to see a currency change. If they are joining an international organization they are going to need an international currency.
The big news...is “Parliament convenes Special Session as alliance nominates three successor candidates to Al-Halibousi”
The overwhelming agreement is that Halibousi has been a major roadblock especially on the 3 paragraphs of the HCL…
the Kurds and Baghdad. So they removed Al Halibousi who was wildly considered to be a roadblock and kept us from getting across the finish line with the HCL law. From my sources I feel very confident that he was the roadblock. It is very encouraging that he was removed and is being replaced. They continue to tell me they want this done by Dec. 1st. Let’s pray and hope this is accurate.
Iraq’s President Rashid Officially Welcomed in Azerbaijan: A Testament to International Diplomacy, 20 NOV
Iraq’s President Rashid Officially Welcomed in Azerbaijan: A Testament to International Diplomacy
Today marked an auspicious day for international diplomacy as Iraq’s President Abdul Latif Jamal Rashid was officially welcomed in a grand ceremony hosted by the Republic of Azerbaijan. The importance of this event extends beyond the formalities; it underlines the ongoing relations and cooperation between Iraq and Azerbaijan, highlighting the crucial role international diplomacy plays in fostering bilateral ties.
Ceremony Highlights
The ceremony involved a display of diplomatic etiquette and goodwill gestures, reflecting the mutual respect between the two nations. The event kicked off with Ilham Aliyev, the President of Azerbaijan, extending a warm welcome to President Rashid. The national anthems of Iraq and Azerbaijan resonated through the air, symbolising the harmony between the two nations.
Arrival and Reception
President Rashid arrived at the Heydar Aliyev International Airport, which was adorned with the national flags of Iraq and Azerbaijan, signifying their shared respect and camaraderie. An honor guard was lined up in recognition of the Iraqi President’s stature. He was officially welcomed by Azerbaijani First Deputy Prime Minister Yagub Eyyubov, Deputy Foreign Minister Samir Sharifov, and other high-ranking officials, marking the commencement of his official visit.
Symbolism and Significance
This ceremony is more than a mere diplomatic formality; it’s a testament to the enduring relations between Iraq and Azerbaijan. The exchange of official greetings between the host country’s officials and the visiting dignitary underscores the mutual understanding and cooperation between these nations. As the global community continues to grapple with numerous challenges, such diplomatic engagements serve as a reminder of the importance of international cooperation and diplomacy.
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Frank26 [Bank story] This time we didn't go down, we just called [the bank]... We said we want to see if we can exchange some cu...
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Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
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Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...