Friday, October 27, 2023
Iraqi Oil Ministry to sign new contracts for associated gas investment, 27 OCT
Iraqi Oil Ministry to sign new contracts for associated gas investment
This was announced by Deputy Prime Minister for Energy Affairs and Minister of Oil, Hayyan Abdul Ghani, on the occasion of the first anniversary of the formation of the current federal government under the leadership of Prime Minister Mohammed Shia Al Sudani.
Abdul Ghani stated, "The government has shown exceptional interest in the oil and energy sector, and its decisions have been marked by boldness and foresight that achieves steps in the development and growth of the oil industry. This includes the decision to activate the contracts of the fifth licensing round and the conclusion of contracts with the winning companies in February of this year, which are expected to add about 1000 million standard cubic feet of gas and more than 250,000 barrels of crude oil."
"In addition, the Ministry is announcing the fifth "supplemental" and sixth oil and gas licensing rounds, aimed at enhancing the optimal investment opportunities for the national wealth of oil and gas resources in 30 sites. It is expected that these will add significant amounts of oil and gas to the national oil reserve and production."
He also emphasized the importance of the government's decision to conclude a package of contracts with TotalEnergies, "These contracts contribute to promoting the oil and energy industry, strengthening infrastructure, and renewable energy. They include a contract for the sea water treatment project to provide potable water to support the internal needs of oil fields with a capacity of five million barrels per day.
This will directly contribute to sustaining and increasing national crude oil production. Additionally, the investment contract for associated gas (4-5) in oil fields with a capacity of 600 million cubic feet, which represents a qualitative addition to the gas and environmental sector, as it will enhance national production."
He further explained that "the government's economic program includes a strategy that focuses on the importance of investing in associated gas to increase national production. The Ministry is working on new gas investment projects to achieve a full investment of the available quantities of the national wealth."
Regarding achievements in the refining sector, the Minister highlighted the operation of the Karbala refinery with a refining capacity of 140,000 barrels per day, which is an important step to cover a large part of the local need and to produce high-quality petroleum products, reducing the quantities of imported fuel. He praised the efforts of the South Refineries Company in implementing several projects to increase production and refining capacity and improve the quality of fuels, as well as the reconstruction of the Baiji refinery with national effort, an important step to promote national production of petroleum products.
The Deputy Prime Minister stressed the government's efforts and the Ministry's role in enhancing infrastructure projects and increasing export capabilities from the southern port. He also highlighted the Ministry's focus on renewable energy projects, environmental conservation, and contributing effectively to OPEC+ to stabilize global markets. He commended the government and the Ministry for achieving financial revenues for the state treasury and the distinguished contribution of the Ministry of Oil in enhancing and stabilizing electricity in all of Iraq.
https://shafaq.com/en/Economy/Iraqi-Oil-Ministry-to-sign-new-contracts-for-associated-gas-investment
"IRAQ BOOTS ON THE GROUD REPORT" BY FIREFLY, 27 OCT
Frank26
[Iraq boots-on-the-ground report]
FIREFLY: Sudani is talking and he tells the Iraqi citizens we are in a stabilized mode.
FRANK: Do you understand? They're not at first base...second base...third base. They're at home base...they touched all the bases and they scored. FIREFLY: He says we will be complete by January 1st 2024. He's saying we have to stabilize the exchange rate.
FIREFLY: Bank friend - We've received new computers with updates and we're studying with updated software -
FRANK: The same software that's in the ATM machines...it has all the new currency data that will be needed to give you your new exchange rate and your new currency. I don't know when they're going to do this, I just know they're preparing you for it and you can see your bank friend is being loaded. Look at all the evidence all around inside of that bank...
FIREFLY: Sudani on the news saying Iraq lacks strict laws against currency speculators. These are the people that have been delaying what we want to bring to you Iraqi citizens.
Then he talks about more needs to be in place to hold accountability. These laws will allow him to protect us more with our currency.
FRANK: Wow! Ta-Dah!...Look at the articles...you can find some of [this] tomorrow...you will find even more the next day. It will get louder and louder until they make the announcement.
FRANK : This is part of the monetary reform process, to pass these laws. But it's the last phase of it to bring security and stability and to remove any corruption from your currency. These laws will allow Sudani to arrest more evil people that are against you Iraqi citizens and Sudani's reforms...Congratulations you are one step closer to what you seek - Value to your currency....
What Is The Truth About Iraq's Loss Of More Than A Trillion Dollars Since 2003?, 27 OCT
What Is The Truth About Iraq's Loss Of More Than A Trillion Dollars Since 2003?
Information / Baghdad..Today, Friday, the first judge of the Integrity and Money Laundering Court, Iyad Damad, explained the fact that Iraq has lost more than a trillion dollars since 2003 through systematic theft, while confirming that the money laundering cases were carried out under the title of investment.
Damad said, in an interview with the official agency, followed by “Al-Ma’louma”, that “Iraq’s loss of more than a trillion dollars since 2003 through systematic theft is not true,” noting that “financial and administrative corruption caused the loss of large amounts of money that would have contributed to increasing development opportunities and advancing the development process.” Economy".
He added, "The loss of public funds has many reasons, including those related to mismanagement and waste, including those related to embezzlement and theft," pointing out that "the numbers of waste and theft are decreasing due to the governance and transparency policies that the Iraqi government and the competent agencies are working hard on."
He explained, "The courts specialized in combating corruption in Iraq have the largest role in reducing the rates and extent of corruption," stressing that "self-money laundering is the most common type of recording financial proceeds from criminal activities in its name." LINK
Representatives: The Political Agreement Paper Has Not Been Fully Implemented, And The Dollar Is Still Stronger Than The Dinar, 27 OCT
Representatives: The Political Agreement Paper Has Not Been Fully Implemented, And The Dollar Is Still Stronger Than The Dinar
Special Sumerian 2023-10-27 | Source: Sumerian 71 views The Sudanese government has completed its first year and has obligations in the political file that have not been implemented and pledges to address the confusing economic file due to the rise in the dollar.
A year has ended in the life of the Sudanese government, which was formed after crisis political events... after which it came with a government curriculum that included addressing many unresolved files. According to the representatives, there are projects that have not been completed and the dollar is still stronger than the dinar, which means the problems of the economic file will continue.
As for the political agreement paper that was brought by the current government, it still contains demands by political forces that set conditions within the paper that have not been implemented yet, most notably the general amnesty law.
The remaining life of the government has a long way to go, involving important and sensitive files at various levels, including economic and political ones. No success can be achieved except by implementing the commitments and pledges in the government program. LINK
JUDY NOTES, 27 OCT
Global Currency Reset:
- Thurs. 26 Oct. Bruce: “The start of the new Global Financial System, the Iraqi Gazette publication of the new Iraqi Dinar Rate and Tier 4b (us, the Internet Group) receiving notification to set exchange/ redemption appointments was expected to happen on Fri. or Sat. 27, 28 Oct.”
- Thurs. 26 Oct. TNT: “Today we were told that new Dinar Rate announcement was imminent. Iraq placed lower denoms of Dinar at ports and airlines on Thurs. 26 Oct.
- Wed. 25 Oct. MarkZ: “News from Iraq continues to be very positive. The majority of my Iraqi contacts believe we will see RV somewhere between now and the first. None know for certain what the timing is. I’m just telling you what they are feeling and hearing from inside their own country. These people are in banking and government.”
- Wed. 25 Oct. Militia Man: “Recently we showed that the World Trade Organization is talking about full ascension in the 4th quarter. We are in it.”
- For the past two weeks the revalued Iraqi Dinar has been trading on the back screens of the Forex and putting itself in a position for the new International Exchange rate that was soon to be made public according to Iraqi Banks.
- EBS Activation on Tues. 31 Oct? Trump said he was “turning off the friggin lights at Halloween.” Did he mean EBS Activation on Tues. 31 Oct?
- In the next three to six months the Rodriguez Trust will begin to administer “universal basic income” for citizens of all GESARA-compliant countries. The amount per individual or family will depend on the status, needs, employment level and age of the person/family and will work to encourage people to work if they can.https://dinarchronicles.com/2023/10/27/restored-republic-via-a-gcr-update-as-of-october-27-2023/
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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...