The oil and gas law will be postponed to the next legislative year.. Representative: We need 6 months, 17 OCT

 The oil and gas law will be postponed to the next legislative year.. Representative: We need 6 months, 17 OCT

The Committee for Oil, Gas, and Natural Resources has announced that it needs six more months to create a draft oil and gas law that will be agreeable to all parties involved. The committee also mentioned that the Kurdistan Regional Government has presented a vision for the Oil and Gas Law to the Ministry of Oil. This announcement was made on Tuesday, October 17th, 2023.

According to Representative Ali Shaddad, who heads the Legislation Committee in the Oil, Gas and Natural Resources Committee, this committee is a vital subcommittee within the parliamentary oil and gas committee. Its main focus is on legislation and laws related to the oil and gas sector. In an interview with Al-Sumaria News, he emphasized the importance of the committee’s role in shaping the legal framework for this critical industry.

In today’s meeting, the Oil Ministry hosted the Director General of the Legal Department and a group of jurists to discuss amendments to the laws in the oil sector. Seven laws related to the oil and gas sector were discussed, with a major focus on the National Oil Company Law. Shaddad, who was present at the meeting, explained that some provisions of the law had been canceled, leading many to believe that the law had been repealed, but the formation of the National Oil Company had only been stopped. To revive the law, a set of amendments is required, which is in line with the directives of the federal government to the Oil Ministry.

During a recent interview, Shaddad, an official from the Iraqi Oil Ministry, spoke about the importance of the oil and gas law in the country. He highlighted that a total of 6 meetings have taken place, with 3 of them being with the committee formed by the regional government, and the other 3 with the governors and representatives of the oil-producing governorates. The ministry has developed a preliminary draft that incorporates ideas from both the Kurdish side and the oil-producing provinces. However, repeated meetings will be required to reach a common vision on the oil and gas law. Shaddad also mentioned that council elections may cause a delay in progress for the next two months.

During a recent meeting, it was discussed that it would take about 6 months to create a draft of an oil and gas law that all parties can agree on for the Iraqi provinces. The regional government committee presented their own vision of the law to the Oil Ministry, which includes the specific texts and standards they would like to see included.

According to his statement, the project’s first reading is expected to take place during the third legislative year. The Oil Ministry has been urged to reach a unified vision and draft. The speaker emphasized that only one draft will be accepted. He also acknowledged that there could be fatigue and anger among some parties, but stressed that Iraq needs this law.

During the committee meeting, he emphasized the importance of some of the new projects under discussion, including the draft carbon footprint law and the draft oil-agricultural coexistence law. He also mentioned that a representative from some companies in the oil and gas sector will be included in the Legislation Committee of the Parliamentary Oil and Gas Committee.

The Parliamentary Oil and Gas Committee met with its subcommittee to address legal amendments, including the Oil and Gas Law and the National Oil Company Law, according to Al-Sumaria’s correspondent.

"RV UPDATE" BY TEXAS SNAKE, 17 OCT

 Bueno, amigos nuevamente, hay muchos movimientos positivos en la dirección que deseamos, 

pero hasta el momento no se han proporcionado avisos; sin embargo, mantengan la fe al considerar el estado de la economía mundial y las tensiones en el Medio Oriente, el RV sería una bendición para todos.

Texas Snake.

-----

TRANSLATION IN ENGLISH:

Well, friends again, there is a lot of positive movement in the direction we want,

but so far no warnings have been provided; However, keep the faith when considering the state of the world economy and tensions in the Middle East, the RV would be a blessing to all.

Texas Snake.

Stability in Baghdad's dollar exchange rates, increase in Erbil, 17 OCT

 Stability in Baghdad's dollar exchange rates, increase in Erbil, 17 OCT

Shafaq News / The exchange rates of the US dollar remained stable in Baghdad today, Tuesday, while they increased in Erbil, the capital of the Kurdistan Region, at closing.

According to Shafaq News Agency’s correspondent, the dollar's exchange rates in Baghdad remained stable at 158,800 IQD for every $100, the same rates that were recorded earlier in the day.

Our correspondent noted that the selling prices at currency exchange shops in local markets in Baghdad remained unchanged, with the selling price at 159,750 IQD for every $100 and the buying price at 157,750 IQD for every $100.

.

In Erbil, however, the dollar saw an increase, with the selling price reaching 159,400 IQD for every $100 and the buying price at 159,300 IQD for every $100.

https://shafaq.com/en/Economy/Stability-in-Baghdad-s-dollar-exchange-rates-increase-in-Erbil

Dinar RV Breaking News🔥Parliamentary Finance & CBI To Discuss Exchange R...

"RV UPDATE" BY MNT GOAT, 17 OCT

 The saga about the Iraqi dinar RV only gets better as the months roll on. More and more pieces are put in place for the inevitable revaluation and reinstatemtn of the dinar. It has become not a matter of “if” these events will occur but “when”. We can all speculate but what events are you using in your analysis to formulation your speculative conclusions? What are you telling your audiences? Are you even qualified enough to partake in this effort?

So, how long will we investors in the IQD have to wait before Iraq is allowed to liberate its own currency?

• We know they are completely out of Chapter VII sanctions, so why not treat them as such?  
• We know since January they have undertaken a massive “de-dollarization” program.
• We know the value in the dinar exceeds even pre-1991 era but what is holding it back?
• We know Iraq now pumps 2/3 more oil than in pre-1991 era.
• Iraq also has announced 132 tons of GOLD.
• We know for a FACT that it is the U.S. through the Treasury Dept. direction that will NOT give sign-off to allow the reinstatement. Why?

So, I have to ask then – Why is the dinar still 1/6 of a penny?

During this period of collecting information for this edition of the Mnt Goat Newsletter we have learned that the global system for the automation and modernization of customs (ACYCUDA) project is making headway. This system will require a link to the international currency exchange to convert rates of currencies between countries for up-to-the-minute rates. The system is planned to take in any international currency not just the US dollar for payments of customs duties and tariffs. With this is a huge plan to make Iraq a central hub for commerce in the middle east and this revenue, as they told us, could rival the oil revenue. This new ACYCUDA system is due to come online when? – Okay, so does January 2024 sound familiar? Are you connecting the dots yet?

Just be patient, the reinstatement is coming.

PS: Be sure to tune into the POLITICAL section of today’s Newsletter. It is chock full of news about the unprovoked, covert Amas terror attack on Israel on October 7 and the implications it is having on the U.S. woke democratic party that seems to side with the Palestinian terrorists. Really? Folks, you can’t make this stuff up!

It is appreciation day…

Enough said… much more to come….

Hope to post the full Newsletter soon!

God Bless,

Auf Wiedersehen

Much love to ya all,

Mnt Goat

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

Is Iraq able to join the BRICS group?.. A serious warning about Washington’s reaction, 17 OCT

Is Iraq able to join the BRICS group?.. A serious warning about Washington’s reaction

 The Iraqi economic expert, Omar Al-Halbousi, confirmed today, Monday (October 16, 2023), that Iraq’s accession to the BRICS group may face many obstacles as a result of the economic and monetary crises that the country is experiencing.

BRICS includes Brazil, Russia, India, China and South Africa, and at a summit in Johannesburg last August, a decision was announced to invite Argentina, Egypt, Iran, Ethiopia, the Emirates and Saudi Arabia to become full members of the organization, starting on January 1, 2024.

Al-Halbousi added, in a press statement followed by “Baghdad Today,” that there are many obstacles standing in the country’s way to join the BRICS, which is Iraq’s lack of an industrial base and the lack of agriculture, which made the economy collapse significantly, amid the confusion of government measures that caused the economic and monetary crises to worsen in the country. Iraq.

He continued: "Iraq cannot join the BRICS group because of Washington's control over it, especially since Iraqi oil imports are placed in Iraq's account in Washington, which makes Iraq exposed to a financial setback if Washington lifts protection over Iraqi funds."

The economic expert pointed out that the United States of America has a lot of evidence of the Iraqi government’s negligence in the continuation of money laundering, terrorist financing, and dollar smuggling operations for the benefit of countries and armed groups punished by the American Treasury. In the event that Iraq joins BRICS, Washington will take a significant package of sanctions, and I do not rule it out. Approval of a law that reduces or restricts the income of the dollar to Iraq, causing a major financial collapse, especially since Iraq has a rentier economy that depends on oil and that oil imports are in America.

Al-Halbousi explained that the United States will not allow Iraq to leave its circle of control and go towards its competing party, and Washington has great pressure cards on Iraq militarily, politically and economically, which makes the statements of Iraqi officials about joining the BRICS group suicidal at all levels for Iraq, and at the same time it cannot Its implementation is due to American obstacles.

In a previous statement, the Iraqi economic expert, Safwan Qusay, spoke, saying: “Iraq is trying to be in the region of economic balance by attracting investments from countries of the East or West, and Russia is a giant industrial country, and Iraq’s openness to the Russian system can be exploited by attracting investments in the agricultural sector, livestock and the agricultural sector.” “Transportation, especially if we manage the investment file in the iron and steel sector to create complementary industries at the level of trains and ships.”

He added: "Iraq is looking forward to exploiting its geographical location and it needs to establish an industrial zone for strategic industries that complement the path of development and the presence of economic powers such as Russia that can contribute to these sectors. I believe that establishing a nuclear reactor to generate electrical energy will support the process of establishing this industrial city and that we will have diversity in Investment sources.

He pointed out that Iraq is looking forward to increasing the capacity of financial transactions with the Russian side outside the “SWIFT” system, so that it can have trade with the East through this system, and this reduces the pressure on financial bottlenecks in some cases.

Regarding the possibility of Iraq joining BRICS in the future and its impact on the region, Qusay said: “The BRICS project is promising, and the organization has a set of conditions for it to join, and I believe that Iraq needs to rehabilitate the economic goals and financial tools in order to be allowed to join the group,” explaining that Iraq is not with An area of attraction alone, but he must build a sectoral investment map so that there is competition in every sector. I believe that the advantage of the corresponding economy is what will determine preference. For example, integration with the Russian economy at the level of agriculture, iron and steel industries, and nuclear energy could be This is the path."  link

"IRAQ BOOTS ON THE GROUND REPORT" BY FIREFLY, 17 OCT

 Frank26 

 [Iraq boots-on-the-ground report] 

 FIREFLY:  News saying within 2 months the dollar exchange rate will stabilize.  

FRANK26:  Remember they're talking about November and December to get it done by January 1st.  That's the time period I believe we're going to see a change because that's what they tell the Iraqi citizens...In order to stabilize the dollar exchange rate you're going to increase the value of the Iraqi dinar.

 Article:  "Erbil: Withdrawing the dollar via ATM machines stopped by a decision of the Central Bank" 

 [Boots on the ground update]  

 SUPERGIRL'S REPORT [From last week]  Quote "We are committed to the Central Bank’s decision issued 3 months ago, which prevents banks from granting dollars via ATM machines, and we have observed a commitment from other banks."

FIREFLY:  News saying within 2 months the dollar exchange rate will stabilize.

 FRANK:  Inside the next 2 months it's highly possible we'll see a new exchange rate.  That's the only thing that can stabilize it because a program rate unstabilizes it.  This is as simple as I can put it.  I'm not exaggerating.  I'm not adding to it.  This is for real.