Iraqi Dinar Reform Announcement | The Gazette's Role | Forex Alert | Pat...

Al-Sudani puts the dots on the letters in America’s backyard: With draw and do not interfere in Iraqi affairs, 30 SEPT

 Al-Sudani puts the dots on the letters in America’s backyard: With draw and do not interfere in Iraqi affairs

Information/Baghdad…

Prime Minister Mohammed Shia al-Sudani invested his presence in New York perfectly to highlight Iraq’s lack of need for the presence of foreign forces, as well as the categorical refusal in America’s backyard to interfere in Iraqi affairs, in a move that confirms the government’s determination to implement the most important items of its government programs, which is to end the foreign presence from the country.

In several successful speeches and meetings, the Prime Minister pointed to the need to differentiate between the positive relationship with neighboring countries and the negative relationship that reaches the stage of intervention.

Al-Sudani continued, “All countries, including America, if they want to establish relations with Iraq, must respect the country’s sovereignty and the will of its people,” explaining, “The need for a foreign presence in the country has disappeared since Iraq is capable of protecting its country, and a new agreement will be concluded to regulate military relations.” With America.

While he renewed Iraq’s position of rejecting the presence of any foreign combat forces on its territory, indicating the existence of joint efforts to organize the work of foreign advisors.

In addition, member of the Parliamentary Security and Defense Committee, Ahmed Al-Moussawi, describes the statements of Prime Minister Muhammad Shia Al-Sudani regarding withdrawing foreign forces from Iraq and not allowing Washington to interfere in Iraqi affairs as courageous.

Al-Moussawi said in a statement to Al-Maalouma: “Sudani’s speech and his confirmation that Iraq does not need foreign forces opens the doors to reviewing its agreements with Washington, and they will be supported through Parliament.”

He added, “Al-Sudani’s statements regarding withdrawing foreign forces from Iraq and not allowing Washington to interfere in Iraqi affairs were courageous and frank about the country’s sovereignty.”

He pointed out that “the government will not allow the launch of aggression against neighboring countries, and will not allow any party to undermine the country’s national security through foreign presence.”

Record condensate exports by Basra Gas Company bolster Iraq's economy and environment, 30 SEPT

 Record condensate exports by Basra Gas Company bolster Iraq's economy and environment, 29 SEPT

Shafaq News / The Iraqi Ministry of Oil announced on Thursday that Basra Gas Company achieved its highest export rate of 25,000 tons of condensates (C5) as part of its efforts to boost export volumes through the Umm Qasr Port in Basra, thus supporting the country's economy.

In a statement attributed to Andrew Wyber, the Commissioner of Basra Gas Company, it was highlighted that the export of 25,000 tons of condensates represents a significant achievement that will increase export rates and bolster Iraq's financial revenues. He also noted that this export operation marks a new record for Basra Gas Company and will enable the company to expand into new markets.

Furthermore, he emphasized, "Iraq has the potential to become a global player in the liquefied petroleum gas and condensates sector, and we aspire to be among the advanced nations in terms of exports."

In a related statement, Sultan Al-Maliki, the Director of the Commercial Department at Basra Gas Company, remarked, "This achievement is the result of cooperative efforts among various departments and teams within the company, and it is a source of pride for us."

He also pointed out that the ability to load larger shipments will allow importing companies to transport these shipments to more distant destinations and markets in the East, where there is a higher and more efficient utilization of condensates in the chemical industry.

It is noteworthy that Basra Gas Company had previously loaded 16,300 tons of condensates. With the increased production, the company safely and efficiently raised the shipment volume to 25,000 tons using the vessel "Marlin". This signifies the loading of larger shipments, enhancing the company's current and future export capabilities.

In addition, Basra Gas Company has significantly increased its associated gas production, more than tripling its output from when it was established in 2013. So far, it has prevented over 160 million tons of carbon dioxide from entering the atmosphere.

With the full operation of the Basra Gas Liquids Plant, an additional 10 million tons of carbon dioxide will be prevented from polluting the air, increasing the company's capacity to eliminate around 30 million tons of carbon dioxide annually, according to the Ministry of Oil.

https://shafaq.com/en/Economy/Record-condensate-exports-by-Basra-Gas-Company-bolster-Iraq-s-economy-and-environment

"RV UPDATE" BY MNT GOAT : "Q & A", 30 SEPT

 Mnt Goat

  Question:  Holiday in Iraq on October 3...their Independence Day. ...October 4 is Iraq finally a member of World Trade Organization...Can Iraq still continue with the program rate of 1132 until the end of the year? Or will CBI release the new small category notes before October 4?  

 Mnt Goat Answer:  ...As you know they will not give out any dates only a window when they plan to do it. I was told October for the re-education and them they should follow closely with the newer lower notes.

Question:  Will there be a cap limit on the dinar when exchanging ? 

 Mnt Goat Answer:  Yes, the IMF will place the dinar initially on a managed float and I was told around a $9 cap but that was years ago and things have changed...I wouldn’t be surprised if we witness up to $12 before they cut it off.

 Dr Shabibi told us in 2011 that the dinar back then could sustain a rate of $16...

They are now pumping 2/3 more oil and have agriculture exports now and also 132 tons of gold...They are filthy rich!  I am seeing a constant rate of about USD $3.80 - $4.25 range on the back screens at the bank right now...

Iraqi Dinar News | Dr. Shabibi's Vision: Can the Iraqi Dinar Reach $16? ...

Iranian President: Iraq’s start to disarm {opposition} groups is a positive step to ensure security, 30 SEPT

 Iranian President: Iraq’s start to disarm {opposition} groups is a positive step to ensure security

Iranian President Ebrahim Raisi announced that Iraq’s start disarming armed groups opposed to his country is “a positive step to ensure security.”

Raisi said that “there is no war in our military doctrine, but we maintain our military readiness with a defensive approach and our armed forces have achieved deterrence capability and war is no longer among the enemy’s options.”

He pointed out that “the presence of foreign forces in the region is worrying for its countries and is the biggest problem in our region,” stressing that “there is no place for war in our strategy, but maintaining the policy of defensive military readiness is imperative.”

Raisi met Prime Minister Mohamed Shia al-Sudani two days ago in New York on the sidelines of the United Nations General Assembly meetings.

During the meeting, Al-Sudani stressed that “Iraq will never allow its territory to be exploited to attack neighboring countries, just as it refuses to prejudice its security and sovereignty, and that all problems with the regional neighborhood must be subject to dialogue in order to reach radical solutions to crises.”

It is noteworthy that Iraq and Iran signed in Baghdad on March 19, 2023, a joint security report between the two countries, which was signed on the Iraqi side by National Security Advisor Qassim Al-Araji, and on the Iranian side by Ali Shamkhani.

The minutes include coordination in protecting the common border between the two countries, and strengthening joint cooperation in several security fields, according to an Iraqi official statement.

Iraq calls on Iran to participate in investment projects to establish industrial and free zones between the two countries, 30 SEPT

  Iraq calls on Iran to participate in investment projects to establish industrial and free zones between the two countries

The Undersecretary of the Ministry of Commerce for Administrative Affairs, Sattar Al-Jabri, met today, Friday, on the sidelines of his leadership of the Iraqi delegation in the meetings of the Iraqi-Iranian Trade Committee in Tehran, with many representatives of the Iranian private sector and invites them to participate in investment projects to establish industrial and free zones between Iraq and Iran.

Al-Jabri confirmed in a statement received by Earth News that “the meeting took place during his visit with the delegation, the Federation of Industries and Chambers of Commerce in Mashhad, and the Deputy Governor of Mashhad for Economic Affairs, and in the presence of the Iraqi consul there, to discuss the possibilities of joint trade cooperation between the two countries and investment opportunities in establishing industrial cities, free cities, and other investment projects.” Others available in both countries.

He continued, "The delegation visited the Iraqi consulate in Mashhad and met with the consul and consular staff to praise their distinguished role in following up with the Iraqi community, government delegations, and travelers."

Al-Jabri indicated at the same time that “the meeting also took place with the Federation of Chambers of Industry and Commerce in Tehran to discuss trade and investment cooperation.”

It is worth noting that the work of the Iraqi-Iranian Trade Committee concluded last Wednesday with the signing of a memorandum of trade cooperation to remove obstacles to the development of intra-regional trade, which continued over the twenty-sixth and twenty-seventh of this month of September. link