America says it is following the resumption of Kurdistan oil exports and the draft oil and gas law
The Ministry of Natural Resources in the Kurdistan Regional Government announced, on Tuesday, that an American diplomatic delegation confirmed that Washington is closely following the process of resuming oil exports through the region’s pipeline to Turkey and legislating the oil and gas law.
A statement from the ministry, received by Shafaq News Agency, said that the Kurdistan Minister of Electricity and Natural Resources, Kamal Muhammad Salih, received today, Tuesday, the American Consul General in Erbil, Mark Straw, pointing out that the new American Consul expressed his pleasure to invest in the electricity, energy and oil sector.
The statement indicated that the American consul confirmed regarding the issue of resuming oil exports (via the region’s pipeline to the Turkish port of Ceyhan) and the issuance of the draft federal oil and gas law that his country is closely following the process of resuming the region’s oil exports, indicating that Washington knows that suspending exports has negative effects on the region’s oil exports. Revenues of the region and its public sector.
Straw added, according to the statement, that addressing the revenue problem and approving the oil and gas law are among the priorities of his country's policy and programs.
The statement indicated that Minister Saleh expressed his thanks for America's role in giving importance to efforts to resume the region's oil exports, follow up on addressing oil and gas problems, expand investment, and approve the federal oil and gas law with the participation of the Kurdistan Region. LINK
Question From Roger: I ccannot really understand why CBI now considers to delay the reinstatement of the dinar. Iraq now enjoys security and stability like never before. Iraq now have a golden opportunity to release the new small category notes due to the stability in the country. Why is CBI so worried about a war far away that has nothing to do with Iraq? It seems that they want to find an excuse so that they dont have to raise the value of the dinar. Maybe corruption still lingers in CBI? There is a war on in Gaza – ground troops have invaded the Gaza strip – but this does not concern Iraq. Why must every duck be in a row in order to release the new small category notes? It seems that Iraq now wait for an escalation of the war so that they dont have to go international at all. If Iraq does not raise the value of the dinar very soon – they will go down the abyss and the world will reject Iraq and heavy sanctions will be imposed so that they cannto go international for 20 years. Is this the future they want. PM Sudani braggs every week that the dinar will soon be the strongest currency in the world and the pillar of middle east.
Answer Mnt Goat: Hello Roger, thanks for the question. First I need to add that PM Al-Sudani never PM Sudani bragged every week that the dinar will soon be the strongest currency in the world and the pillar of middle east. What he did say is the “dinar is stronger than the dollar”. His statement is true and yes it is. If you have been reading my blog all along I have shown you since last October even that the CBI announced that they would be handling the dollar differently beginning in January 2023. And so they began the de-dollarization process at that time and it has been ongoing since. Then in articles just recently they told us this project should have taken 6 years but they are trying to do it in a year. So, when is a year over? It is over in January 2024. Then what happens? They announced also that in January 2024 they will no longer be dealing in dollars in their country. Now to tell you the truth I am not certain but to me this article told us that they will no longer be getting the huge shipments of dollars from the US Treasury flown over to Iraq from the US mint. Will they still need some dollars? Sure they will still need some dollars but they no longer plan to support the currency auctions with dollars or send them to the banks to pay for imports. The “warning” has been given. Knowing all this what do you think is their next step?
I must also add that my contact in the CBI is telling me it is not Iraq that is holding back the redenomination or the reinstatement. It is the US Treasury. The CBI already has agreements with the World Bank and the IMF to go ahead but the US Treasury for their so-called “security reasons” keep holding it back. Yes, I totally agree this is the best time to do it and so does the CBI. What is nice to see, though, is the CBI and the GOI on the same page and both working together to get it done. Also, I want to add there is also corruption from the US and I have gone through all this with my readers already on the change that Obama made when he was president to the criteria from the Bush administration.
Please let’s keep praying for peace and to end the corruption but also importantly to bring those involved to justice or there will never be peace. This has been part of the problem all along. No one ever seems to go to jail unless you buck the system and honestly expose their corruption and are a threat to them. Yes, the wrong people are being targeted and set up with lies. But this is what happens when you control the FBI, NSA, CIA and the Justice system and have all the power.
These banks that Aki is representing the CBI with, they were exchange centers... but they were converted into banks recently last year. The reason why is because they know a change to the Iraqi dinar exchange rate is coming...
[Iraqi bank friend Aki update]
Aki's boss who has a bank inside of Iraqi ordered Aki last week to stay at [Aki's bank in the southern part of the state where the bank is located].
The reason why is because there is a change to the exchange rate of the Iraqi dinar [coming].
Iraq is among the cheapest countries in the world with gasoline prices… Here is its rank
According to data from the “Global Petroleum Press” website, Iraq is ranked 13th in the list of countries with the cheapest gasoline prices. On the other hand, Iran has the most affordable gasoline price in the world, with a cost of $0.029 per liter.
Iran ranked first with $0.029 per liter, followed by Libya at $0.031 per liter, Venezuela at $0.035 per liter, and Kuwait at $0.340 per liter.
Iraq ranked 13th with a price of $0.573 per liter of gasoline, Russia ranked 16th with $0.601 per liter, and Tunisia came in 24th place with a cost of $0.802 per liter. Morocco had the highest price at $1.515 per liter.
Al-Sudani chairs the meeting of the Supreme Committee for Implementing the Development Path
On Wednesday, Prime Minister Muhammad Shiaa Al-Sudani chaired the fifth meeting of the Supreme Committee for the implementation of the Al-Faw Grand Port and Development Road project.
The Prime Minister’s Media Office has issued a statement stating that an Italian consultant presented an economic feasibility study for three projects during a meeting. These projects include the Al-Faw port project and its attached docks and squares, the associated railway project, and the land road project, and its details.
During the meeting, they reviewed the latest proposals from reputable international companies to implement the project.
