Undersecretary of Ministry of Oil Emphasizes Accelerated Transition to Full Capacity at Karbala Oil Refinery, 20 AUGUST

Undersecretary of Ministry of Oil Emphasizes Accelerated Transition to Full Capacity at Karbala Oil Refinery

Shafaq News/ Hamid Younes, the Undersecretary of the Iraqi Ministry of Oil for Refining Affairs, reaffirmed the ministry's dedication to expediting the phased transition towards total operational capacity at the Karbala oil refinery, with an envisaged output of 140,000 barrels per day. 

The move followed the successful completion of contractual obligations by a consortium of Korean companies responsible for overseeing the refinery's engineering, technical, and operational requirements.

During a visit to the Karbala Oil Refinery, Younes conducted an extensive inspection of the ongoing operations. He articulated that his visit encompassed a strategic meeting involving key refinery officials, stakeholders, and representatives from the international consulting office. 

The agenda of the discussion revolved around deliberations on the sequential integration of production units, ultimately culminating in the commencement of operational activities at full design capacities.

Younes highlighted that his visit also entailed a comprehensive field tour, encompassing the entirety of the refinery's infrastructure, including control centers and production units.

The Karbala Oil Refinery project marks a significant stride in Iraq's petroleum sector, with the meticulous collaboration between the Ministry of Oil and the consortium of Korean companies. As global oil demand maintains its upward trajectory, the successful operation of this refinery is poised to bolster Iraq's production capacity and further cement its position as a critical player in the global energy landscape.

https://shafaq.com/en/Economy/Undersecretary-of-Ministry-of-Oil-Emphasizes-Accelerated-Transition-to-Full-Capacity-at-Karbala-Oil-Refinery

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Iraqi oil exports to the U.S. outpace Saudi Arabia as North American intake climbs

Shafaq News/ Iraq's crude oil exports to the U.S. has trumped those from Saudi Arabia last week, despite a marginal decline in the rate of supply, data by the Energy Information Administration (EIA) showed on Sunday. 

Drawing on a recent data chart, the EIA illustrated that the average daily crude oil imports by the U.S. from its top nine suppliers stood at 5.953 million barrels last week. This marked a surge of 143 million barrels per day over the preceding week, which registered a daily intake of 5.810 million barrels.

Despite the overarching uptick in imports, Iraq's crude oil exports to the U.S. saw a marginal decline. The EIA's data indicated that exports settled at an average of 304,000 barrels per day last week, a mere dip of 1,000 barrels from the 305,000 barrels per day the week before.

Canada remains the predominant oil exporter to the U.S., with a staggering 3.505 million barrels per day. Mexico followee with an average daily export of 901,000 barrels, Ecuador at 363,000 barrels, and Nigeria, closely tailing Iraq, with 307,000 barrels per day.

Saudi Arabia's average daily exports to the U.S. were pegged at 285,000 barrels, trailed by Brazil at 130,000 barrels, Libya at 85,000 barrels, and Colombia at 75,000 barrels.

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COFFEE WITH MARKZ (SPANISH AND ENGLISH), 20 AUGUST

 Sábado 19 Agosto 2023

Noticias del fin de semana por MARKZ

Mark Zee: Dice

Miembro: Buen sábado por la mañana…. Loco por pensar en otro sábado.

Miembro: Hola Mark, cuál es tu nivel de confianza de que vamos a revaluar a finales de 2023.

Mod: OREMOS PARA QUE SE SUELTE ESTA SEMANA

MZ: No sé sobre agosto, pero todavía me siento bien con respecto a 2023 como un año de cambio histórico.

MZ: La gente del Centro de Redención no está en el trabajo... Aún no se le ha pagado al Sr. C.

MZ: “En Irak ” 6 nuevas directivas del Banco Central” Esto es del CBI para TODOS los bancos. Han cambiado muchas de sus estructuras internas para utilizar tarjetas de crédito y débito prepago. También han aumentado sus límites incluso más que la mayoría de las tarjetas prepagas de EE. UU.

MZ: hasta unos 10 mil dólares al mes con una tarjeta prepaga. 2 mil dólares al día y $750.00 al día en compras en línea... Están haciendo que sea muy atractivo no usar efectivo. Esto es muy interesante... Están modernizando su sistema... esto es necesario para nuestro reinicio.

Miembro: Buenos días. Escuché que la tasa para el dinar y hacer puede ser 4.57. ¿Espero que eso sea verdad?

MZ: Mucha gente escuchó eso... Aunque no tengo ninguna prueba... Creo que alguien se adelantó...

Miembro: DONG todavía posiblemente en $ 2.00 a $ 3.00

Miembro: Solo necesitamos la fecha…….

Miembro: bueno, Bruce dijo de lunes a martes.

MZ: “El banco en la sombra de China pierde docenas de pagos, lo que genera protestas” La economía china está implosionando ante nuestros ojos. Estamos viendo nuestros bancos fracasar también. Pero nuestras noticias solo cubren los fracasos chinos en lugar de los fracasos estadounidenses.

MZ: "JPMorgan aumenta las previsiones predeterminadas para los mercados emergentes mientras Country Garden genera temores de contagio en China" Este es otro desarrollador inmobiliario masivo que está teniendo serios problemas... Los problemas del mercado de la vivienda hacen que todo el mercado esté muy preocupado.

MZ: “Los precios de las casas nuevas en China caen por primera vez en 2023, lo que debilita las perspectivas económicas ” La devaluación de los activos duros ha golpeado a China. También ha afectado a los EE. UU., pero solo en mercados clave.

MZ: "Bloques BRICS para discutir el sistema de pago en la próxima cumbre" Han declarado oficialmente que esta próxima reunión es para hablar sobre un "sistema de pago estándar" para que cualquier persona dentro de estos países BRICS pueda gastar, enviar u operar negocios dentro y fuera. Esta es una historia mucho más grande de lo que saben nuestros principales medios de comunicación... Esto permite una transferencia financiera fluida entre los países BRICS.

Miembro: Arcadia Economics en YouTube tiene a Jim Willie dando su desglose de la próxima Cumbre BRiCS

Miembro: Charlie acaba de decir que cree que QFS comenzará después del anuncio de Brics

Miembro: Me pregunto si Venezuela está tomando medidas similares a las de Irak para aumentar el valor de su moneda, como tratar de reducir las cantidades en las calles, etc.

Miembro: Mark, ¿la configuración de QFS no es para una implementación mundial? Por lo tanto, ¿la cumbre BRICS es un despertar para los durmientes? en mi opinión

Miembro: Feliz cumpleaños a quienes celebran su día especial. Dios los bendiga a todos que tengan un excelente dia

Miembro: Que todos tengan un maravilloso fin de semana..

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ENGLISH:

Saturday 19 August 2023 Weekend News by MARKZ Mark Zee: Says Member: Good Saturday morning…. Crazy to think of another Saturday. Member: Hi Mark, what is your level of confidence that we are going to reassess at the end of 2023. Mod: LET US PRAY THAT IT WILL BE RELEASED THIS WEEK MZ: I don't know about August, but I still feel good about 2023 as a year of historic change.

MZ: The Redemption Center people aren't at work... Mr. C hasn't been paid yet. MZ: “In Iraq ” 6 new directives from the Central Bank” This is from the CBI for ALL banks. They have changed many of their internal structures to use prepaid credit and debit cards. They have also increased their limits even more than most US prepaid cards.

MZ: Up to about $10,000 a month with a prepaid card. 2 thousand dollars a day and $750.00 a day in online purchases... They are making it very attractive not to use cash. This is very interesting... They are upgrading their system... this is necessary for our reboot. Member: Good morning. I heard that the rate for the dinar and do can be 4.57. I hope that's true?

MZ: A lot of people heard that... Although I don't have any proof... I think someone got ahead of it... Member: DONG still possibly at $2.00 to $3.00 Member: We just need the date…….

Member: Well, Bruce said Monday through Tuesday. MZ: “China's shadow bank misses dozens of payments, sparking protests” The Chinese economy is imploding before our eyes. We are seeing our banks fail as well. But our news only covers Chinese failures rather than American failures. MZ: "JPMorgan Raises Default Forecasts for Emerging Markets as Country Garden Raises Contagion Fears in China" This is another massive real estate developer that is having serious trouble... Housing market woes have the whole market very concerned. MZ: “China's new house prices fall for the first time in 2023, weakening economic prospects ” The devaluation of hard assets has hit China. It has also affected the US, but only in key markets.

MZ: "BRICS Blocs to Discuss Payment System at Next Summit" They have officially stated that this upcoming meeting is to discuss a "standard payment system" for anyone within these BRICS countries to spend, send or operate business in and out. This is a much bigger story than our mainstream media knows... This allows for a smooth financial transfer between the BRICS countries.

Member: Arcadia Economics on YouTube has Jim Willie giving his breakdown of the upcoming BRiCS Summit Member: Charlie just said he thinks QFS will start after the Brics announcement Member: I wonder if Venezuela is taking measures similar to Iraq to increase the value of its currency, like trying to reduce the amounts on the streets, etc.

Member: Mark, is the QFS setup not for a worldwide deployment? So, is the BRICS summit an awakening for the sleepers? in my opinion Member: Happy birthday to those who celebrate your special day. God bless you all have a great day Member: Have a wonderful weekend everyone..

DINARLAND UPDATE, 20 AUGUST

 MilitiaMan (KTFA)

Article:
“Iraq is looking to accelerate its accession to the World Trade Organization”

It’s pretty exciting because they have come a long way…getting to the final end stage of being a full member has been ongoing for…about 3 years and they’re in advanced stages… they’re going to need to be Article VIII compliant with that.  That’s one of the major things  we’re hoping to see in the near future.

Goldilocks

Iraq recently became a trading partner with India and  seeking inclusion in the Unified Payment System that will allow them to go across borders sometimes by land sometimes by sea seeking more demand for their currency which gives it more value.

Bruce (The Big Call)

[via WiserNow]

I know that we have a really good situation with the rates…They have a fixed rate that they plan to offer us on our dinar It’s very good very high…There’s also…the planned rate to offer us …for any dong…

Al-Sudani: The Electronic Circulation Of Funds Can Address The Problems Of The Exchange Rate, 20 AUGUST

 Al-Sudani: The Electronic Circulation Of Funds Can Address The Problems Of The Exchange Rate

2023-08-20 Shafaq News/ The Prime Minister, Muhammad Shia'a Al-Sudani, inaugurated today, Sunday, the National Data Center in the General Secretariat of the Council of Ministers.

A statement issued by the media office of Al-Sudani stated that the latter was briefed on the stages of completing the first phase of the center, using smart screens, and models that embody the stages of installing the national cloud facility, as well as with regard to digital transformation, including the program for canceling a transaction (breast health).

The statement added that Al-Sudani continued the work of the one-stop-shop to provide electronic services, which currently amount to 299 services, which bears the name (Electronic Ur Gate). Electronic tracking of citizens' communications through the guidance service, and the actual use of the vehicle fine platform electronically, as an example of one of the portal's services.

Al-Sudani also indicated that the media should be informed of these services. In order to raise awareness and educate, indicating that this project will support the government's program in combating financial and administrative corruption, which is a serious challenge to all development, reconstruction and service projects.

The Prime Minister urged the importance of these steps being broader and more comprehensive, appreciating all the efforts made to complete this project.

Al-Sudani met with international experts who represent the entities supporting the project, namely the United Nations Development Programme, the World Bank, the Center for Digital Services in Britain (GDS), the World Food Programme, the International Cooperation Development Agency, the Canadian Foreign Affairs Foundation and IMMAP, and listened to a brief presentation on the digital transformation roadmap. mass in Iraq.

He also chaired a meeting of the advisory team of the e-Government Committee, during which he stressed the importance of collecting data in a way that facilitates the provision of service to the citizen, handling poverty and ration card files, and working to reduce time.

The statement quoted Al-Sudani as saying that: electronic trading of funds can address exchange rate problems, remedy differences, and address many other problems that serve the citizen as an ultimate goal, stressing the government's readiness to prepare all financial requirements or in terms of decisions and procedures accompanying digital transformation.   LINK

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Al-Sudani: Electronic Money Circulation Will Solve The Problems Of The Exchange Rate

Today  Information/Baghdad.. Prime Minister Muhammad Shia' al-Sudani affirmed today, Sunday, that the National Data Center will support the government's program in combating financial and administrative corruption, while pointing out that electronic trading of funds can address exchange rate problems.

The media office of the Prime Minister stated, in a statement received by Al-Maalouma Agency, that “Al-Sudani inaugurated the National Data Center in the General Secretariat of the Council of Ministers, where he was briefed on the stages of completing the first phase of the center, using smart screens, and models that embody the stages of installing the national cloud facility.  As well as with regard to digital transformation, including the program to cancel the (breast health) transaction.

The statement added, "Al-Sudani also continued the work of the single window to provide electronic services, which currently amounts to 299 services, which bears the name (Electronic Ur Gate).

He reviewed the digital transformation map and the International Training Center, where a real simulation of one of the transactions of the notary writers' departments was presented.

And reviewing the electronic system for tracking citizens' communications through the guidance service, and the actual use of the vehicle fine platform electronically, as an example of one of the portal's services.

The Prime Minister stressed "the need for the media to see these services in order to raise awareness and educate," noting that "this project will support the government's program in combating financial and administrative corruption, which is a serious challenge to all development, reconstruction and services projects."

He stressed "the importance of these steps being broader and more comprehensive," appreciating all "the efforts made to complete this project."

The statement stated, "The Prime Minister met with international experts who represent the agencies supporting the project, which are the United Nations Development Program, the World Bank, the Center for Digital Services in Britain (GDS), the World Food Program, the International Development Agency for International Cooperation, the Canadian Foreign Affairs Foundation and the IMMAP organization, and listened to a brief presentation." A roadmap for comprehensive digital transformation in Iraq.

He pointed out that "the Prime Minister chaired a meeting of the advisory team of the e-government committee, during which he stressed the importance of collecting data in a way that facilitates the provision of service to the citizen, handling poverty and ration card files, and working to reduce time."

He pointed out that "the electronic circulation of funds, through which it is possible to address the problems of the exchange rate, remedy the differences, and address many other problems that serve the citizen as an ultimate goal."

He stressed, "The government's readiness to prepare all financial requirements or in terms of decisions and procedures accompanying digital transformation." LINK

"IRAQ BOOTS ON THE GROUND REPORT" BY FIREFLY & FRANK26, 20 AUGUST

 Frank26 Question "If the rate goes to .75 or if it goes to 1 to 1 will that be enough income for the people of Iraq?"

  IMO any increase in the dinar value is added income and necessary for the Iraqi citizens.  They're not trying to get rich...

They're trying to eat and pay their bills.  T

hey will see value in their currency...Social Security...retirement checks...HCL.  that alone is four different incomes they will be having very soon.

Frank26   [Iraq boots-on-the-ground report]   

FIREFLY: TV saying with the funding of the budget we are going to see a major decrease in the dollar exchange rate.  

FRANK:  They cannot touch the dollar exchange rate.  Only the US Treasury can touch that exchange rate.  

So what are they talking about?  They're talking about adding value to their currency which will decrease the value of the American dollar in their country.  That's what they're talking about.