Minister Of Oil: We Succeeded In Achieving A Significant Increase In The Financial Revenues Of The State Treasury, 27 OCT

 Minister Of Oil: We Succeeded In Achieving A Significant Increase In The Financial Revenues Of The State Treasury

Economy | 10/27/2023  Mawazine News - Baghdad,  Deputy Prime Minister for Energy Affairs, Oil Minister Hayan Abdul Ghani, confirmed today, Friday, the ministry’s success in achieving a significant increase in the financial revenues of the state treasury.

Abdul Ghani said, in a speech on the occasion of the one-year anniversary of the formation of the government, that “the government has paid exceptional attention to the oil and energy sector, and its decisions have been characterized by boldness, courage, and future vision that achieve steps to develop and develop the oil industry, including the decision to activate contracts for the fifth licensing rounds and conclude contracts with the winning companies.”

 Last February of this year, which is expected to add a quantity of (1,000) Mqmq of gas and more than (250) thousand barrels of crude oil, in addition to the Ministry announcing the fifth rounds of oil and gas licensing (the “Annex”) and the sixth, which aim to enhance Optimal investment opportunities for the national wealth of the 30 oil and gas sites and fields, which will hopefully add large quantities of oil and gas to the national oil reserve and production.” Abdul Ghani pointed out, “The importance of the government and the ministry’s decision to proceed with concluding a group of contracts

with Total Energy Company.” Global, which contributes to the advancement of the oil and energy industry and the strengthening of infrastructure and renewable energy, which included a seawater treatment contract for the purpose of providing suitable water for reservoir support for oil fields with a capacity of (5) million barrels per day, which contributes directly to sustaining and increasing the national production of crude oil.

And a contract for investing in associated gas from (4-5) oil fields, with a capacity of (600) megameters.

This contract represents a qualitative addition to the gas and environment sector, and enhances national production, and a contract for developing the Artawi field and increasing production to 220 thousand barrels, in addition to investing in associated gas, A contract to invest in solar energy to generate electricity with a capacity of one kilowatt (1000 megawatts), which is one of the pioneering projects in Iraq and the region.

Regarding associated gas investment, the Minister of Oil stressed that “the government program included the government’s strategy and steps to support the national economy and sustainable development, by supporting gas investment projects, stopping its burning and converting it into useful energy that enhances national production in the oil fields in the north, center and south, and we aim to reach Concluding more contracts in the governorates of Basra, Maysan, Dhi Qar, Anbar, Diyala and other cities to achieve full investment of the available quantities of national wealth.

Regarding the most prominent achievements in the refinery sector, the Deputy Prime Minister for Energy Affairs and Minister of Oil said, “Operating the Karbala refinery with a refining capacity of (140) thousand barrels is an important step to cover a large part of the local need, in addition to the quality and quality of petroleum products, which contribute to reducing Quantities of imported fuel.

The Minister of Oil also considered the efforts of the Southern Refineries Company in implementing a number of projects to increase production and refining capacity and improve the quality of fuel, as well as the reconstruction of the Baiji refinery through the national effort, as an important step to enhance the national production of petroleum derivatives.

He pointed out, “The efforts of the government and the ministry in strengthening infrastructure projects and increasing export capabilities from the southern port, and the interest in renewable energy projects and preserving the environment and climate, and the effective contribution to “OPEC Plus” to stabilize global markets, and the success of the government and the ministry in achieving financial revenues for the state treasury, and contributing "The Ministry of Oil has distinguished itself in promoting and stabilizing electrical energy throughout Iraq, in addition to community initiatives and great support for the health, humanitarian and cultural sectors and the families of the martyrs and the wounded."

https://www.mawazin.net/Details.aspx?jimare=236951

Al-Shammari: The Sudanese will announce next week a banking service that will lead to a decline in the dollar, 27 OCT

  Al-Shammari: The Sudanese will announce next week a banking service that will lead to a decline in the dollar

10/27/2023

Advisor to the Prime Minister, Fadi Al-Shammari, revealed that Prime Minister Muhammad Shiaa Al-Sudani will announce next week a new banking service for small merchants that will lead to a decrease in the exchange rate and facilitate their work procedures.

Al-Shammari said in a televised statement, "Those who manipulate the dollar are speculators. The government provides the dollar through official platforms. The government is not subject to blackmail by speculators who seek profit at the expense of citizens. At the beginning of implementing the platform, there were problems related to time, and now the delay has reduced to only three days."

He stressed that "food supplies were not affected by the rise in the price of the dollar, and the Prime Minister reviews on a daily basis a list of food prices in the local market, and the government provides a food basket for 10 months for citizens, and 12 months for social care," pointing out that "living issues were definitely not affected by the exchange rate." The dollar and the government will not allow the exchange rate to affect food prices.”

He pointed out that "the services file is one of the most prominent challenges facing the government as it continues to implement its project. The government is working with an executable strategic plan, and the precise daily follow-up of the Prime Minister is reflected in the great progress in work. The daily follow-up of work has led to work progressing beyond the scheduled schedule, and there are 190 basic and strategic projects." In Baghdad alone, this is a precedent that has occurred for the first time, and we will see a major boom in the value and quality of projects that will be launched in Baghdad and the rest of the governorates.”

Al-Shammari noted that “this year the government faced serious challenges, including the budget, and some budget items were launched and others are in the process of being launched. In previous budgets, it usually takes 3 months at a minimum to release the budget allocations when the data is completed after its already late approval. We will get rid of the problem of delay and release the budget allocations after approval.” Three-year budget.

He explained that "the government's wisdom in dealing with various political activities and components is considered its most prominent characteristic, while dealing realistically with regard to resolving files and the coordination framework, which is distinguished by the unity of decision-making that was present in many of its scenes."

Al-Shammari revealed, “The Prime Minister is making contacts and making an exceptional effort in constructive communication with the leaders and heads of states of the region and the world, and Iraq seeks to mitigate as much as possible the escalation taking place in the region, and what is happening in the region affects Iraq, given that the Middle East is the heart of the world and Iraq is the heart of the Middle East.” .  LINK

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Iraqi dinars will be sole currency allowed for financial contracts: Council of Ministers, 27 OCT

Iraqi dinars will be sole currency allowed for financial contracts: Council of Ministers

ERBIL (Kurdistan 24) – The Iraqi Council of Ministers decided on Tuesday that contracts executed within Iraq shall be denominated in Iraqi dinars, except those entered into through external, bank-issued “documentary credits” based on the terms agreed between the parties.

A comprehensive list of past state contracts originally denominated in US dollars will be compiled by the Ministry of Planning. The compiled list will be forwarded to the Ministry of Finance and the Central Bank of Iraq.

A maximum monthly limit will also be established by the Ministry of Planning for the coverage of contracts in US dollars, with the Central Bank of Iraq ensuring coverage at an exchange rate of 1,320 dinars per US dollar. In order to facilitate monthly payments for these contracts, the funds will be deposited into the Ministry of Finance's account in accordance with the necessary release controls.

Iraqi borrowers from government banks who have taken loans in US dollars are now required to repay their loans in Iraqi dinars. These loans will be covered by the Central Bank of Iraq in US dollars, which will then compensate the lending banks. This process applies exclusively to loans issued prior to the issuance of the Council’s decision.

During the past year, a devaluation of the Iraqi dinar value took place after measures were taken by the United States in late 2022 to stamp out money laundering and the channeling of dollars to Iran and Syria. At the time, the Iraqi dinar’s street value plunged to an exchange rate of nearly 1,750 dinars per US dollar.

https://www.kurdistan24.net/en/story/32684-Iraqi-dinars-will-be-sole-currency-allowed-for-financial-contracts:-Council-of-Ministers

Iraq’s Balancing Act: Endorsing Gaza Peace While Protecting National Interests, 27 OCT

Iraq’s Balancing Act: Endorsing Gaza Peace While Protecting National Interests

In the tumultuous theater of global politics, Iraq has once again demonstrated its steadfast commitment to the Palestinian cause. At a pivotal United Nations General Assembly session, the Iraqi Foreign Ministry confirmed its sponsorship and support for a resolution calling for a halt to the conflict in Gaza. This development, however, is not a simple act of solidarity. It carries the weight of Iraq’s historical stance, national interests, and a resounding call for peace.

Reasserting Iraq’s Stance

At the helm of Iraq’s diplomatic narrative is Ahmed Al-Sahhaf, the spokesperson for the Iraqi Foreign Ministry. His affirmation of Iraq’s sponsorship of the resolution is a clear signal of Iraq’s unwavering position on the Palestinian issue. The country has long championed the right of Palestinians to establish their state with Jerusalem as its capital. Iraq’s decision to join the resolution not only strengthens the international call for peace but also reaffirms its longstanding advocacy for Palestinian self-determination.

A measured commitment

While Iraq’s support for the resolution is emphatic, it is not without reservations. Al-Sahhaf expressed concerns about certain terms in the resolution that contradict Iraq’s national legislation. Among these contentious points are the two-state solution and the concept of equality between Palestinian civilians and their adversaries. While the particulars of these reservations remain undisclosed, they signify Iraq’s strategic balancing act between international solidarity and national interests. This nuanced stance underscores Iraq’s policy of principled engagement and its commitment to ensuring that international decisions align with its own legal and geopolitical framework.

Implications and Impact

The international legitimacy of the resolution is bolstered by its endorsement by countries like Iraq. This backing puts pressure on both Israel and Hamas to cease hostilities. It also opens potential avenues for diplomatic negotiations, advancing the prospect of a peaceful resolution to this longstanding conflict. Iraq’s commitment to the resolution highlights the nation’s role in the broader geopolitical landscape, contributing to the collective international voice advocating for peace.

https://bnn.network/arts/iraqs-balancing-act-endorsing-gaza-peace-while-protecting-national-interests/

Evening News with MarkZ. 10/27/2023

Friday Evening News with MarkZ 

Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: Good Friday evening, MarkZ!!!!

Member: Any good chatter or rumors today?

MZ: Keeping it short tonight ….But, the chatter out of Iraq is the lower denoms have been seen and they are expecting an announcement within days. 

MZ: Now, everytime sometbody tries to put up a video showing them….they disappear. I think the longest one of those videos stayed up today is about an hour. I’m so sorry I did not record it. But the chatter has gone through the roof in Iraq. 

MZ: Iraq has told us they want full de-dollarization by January 1st. For that to happen they need to move quickly IMO. ….like now. 

MZ: My Historic bond people …the ones that have cracked are all pointing to Nov 4th now. This is a large number of them. But I don’t know where they fit into the process. Are they in line for pre-RV or post RV? There are bonds that will settle after the RV and some that will settle before. Depends on where they are in the que. 

MZ: Try to stay calm….the dinar boards (sites) are going to be erupting if they are not already. 

MZ: If Mr. C has been paid we would already know as they would have announced it. 

MZ: I am still hearing positive things from groups…A couple group leaders I know have suddenly made last minute travel plans. Which I think is a good thing.  A number of them from different locations are traveling to the same place at the last minute. I am hoping this is a good sign. 

Member: Does it matter on the dinar lower denominations?

Member: It matters a lot. The lower denominations would be useless at the current rate. So to use them Iraq would have to have increased the value/rate……we are looking for that. 

Member:  Rumor has it Iraq AlSudani, asked Parliament to close US Embassy!!

Member: I saw those articles today……

Member: Full Moon tomorrow night

Member: Everyone have a great weekend….Hope its our last weekend broke. 

Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary,medical opinions or many guests on this stream……just RV/currency related topics.

GUYS YOU CAN FIND ALOT OF INFO AT MARK'S WEBSITE: GO TO: https://theoriginalmarkz.com/home

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Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!

Al-Sudani's Groundbreaking Message Iraqi Dinar Revolution and Exchange R...