Iraq-Kurdistan Oil Export Talks: Implications and Prospects, 9 NOV

Iraq-Kurdistan Oil Export Talks: Implications and Prospects

A Tug of War: Oil and Geopolitics in the Kurdistan Region

The ongoing discussions between the Iraqi government and oil companies operating in the Kurdistan Region regarding the resumption of halted oil exports have significant implications for the oil industry, regional politics, and global markets. The halting of oil exports via the Iraq-Turkey pipeline since March, due to an arbitration court ruling in favor of Baghdad against Ankara, has resulted in significant disruptions. The Kurdistan Region’s Association of the Petroleum Industry (APIKUR), representing international oil and gas companies, has proposed selling their entitlement oil to the federal government to facilitate a rapid restart of oil exports. The discussions, held in Dubai, emphasized the urgent need to resume full oil production and exports under mutually acceptable terms.

Implications: Ripple Effects on the Oil Industry and Beyond

The discussions hold significant implications for the oil industry in the Kurdistan Region and Iraq as a whole. The proposal to sell entitlement oil to the federal government indicates a willingness to find a mutually beneficial solution. However, the prolonged disruption in oil exports has not only impacted the region’s economy but has also strained relations between the Kurdistan Regional Government (KRG) and the federal government in Baghdad. The involvement of international oil and gas companies adds a layer of complexity to the negotiations and reflects the broader geopolitical interests at stake.

Global Market Impact: A Balancing Act

The halt in oil exports, cutting off approximately 500,000 barrels a day of supply from Iraq’s north to global markets, has had reverberating effects on global oil supply and prices. The potential resumption of exports through the Iraq-Turkey pipeline would not only alleviate the supply shortage but also impact global oil prices. The discussions have implications for international oil and gas companies operating in the region, as their production and export capabilities have been directly affected by the pipeline closure.

Challenges: A Maze of Complexities

The discussions between the Iraqi government and APIKUR represent a critical juncture in the efforts to resolve the impasse. The intricate dynamics between the KRG and the federal government, coupled with the involvement of international stakeholders, contribute to the complexities of reaching a mutually acceptable resolution. Moreover, the broader regional and geopolitical factors add layers of intricacy to the negotiations.

Geopolitical Considerations: An Intricate Tapestry

The discussions between the Iraqi government and APIKUR also carry geopolitical significance. The resolution of the impasse would not only impact regional dynamics but also reflect the broader geopolitical alignments and interests in the Middle East. The involvement of Turkey in the arbitration ruling and the subsequent halt in oil exports adds a geopolitical dimension to the negotiations, as the interests of multiple regional actors intersect with economic and strategic considerations.

In conclusion, the discussions represent a pivotal moment with multifaceted implications. The resumption of oil exports through the Iraq-Turkey pipeline has the potential to address supply shortages, stabilize global oil markets, and contribute to regional economic stability. However, the complexities, challenges, and geopolitical considerations underscore the intricacy of the negotiations and the significance of their outcomes. As the discussions continue, the global oil industry and regional dynamics remain poised for potential shifts based on the resolution of the impasse.

https://bnn.network/world/iraq/iraq-kurdistan-oil-export-talks-implications-and-prospects/

Iraqi Dinar Increase in Value Against USD Slightly $800 million in Taxes...BY SANDY INGRAM

"RV UPDATE" BY TEXAS SNAKE, (SPANISH & ENGLISH), 9 NOV

Wednesday 08 November 2023 05:17 A.M. Time 

TEXAS USA Texas Snake: 

Says — Many times we have been made to believe that this is our week, well friends, be on the lookout for any day that ends in Y. — I'm getting global notices to expect our release notifications in a day or two.

TRANSLATION IN SPANISH: 

Miércoles 08 Noviembre 2023

05:17 A.M. Hora TEXAS USA

Texas Snake : Dice

— Muchas veces nos han hecho creer que esta es nuestra semana, bueno amigos, estén atentos a cualquier día que termine en Y.

— Estoy recibiendo avisos globales para esperar nuestras notificaciones de lanzamiento dentro de uno o dos días.

--------

Surge in US Dollar Exchange Rates: Implications for Iraq’s Economic Landscape, 9 NOV

Surge in US Dollar Exchange Rates: Implications for Iraq’s Economic Landscape

Exchange rates for the U.S. dollar have seen a significant surge in Baghdad and Erbil, the capital of Kurdistan, according to Shafaq News agency. The opening of al-Kifah and Al-Harithiya stock exchanges witnessed the dollar prices rise to 164,750 Iraqi dinars for 100 dollars, a substantial increase from the previous day’s rate of 163,300 dinars for 100 dollars.

Implications of the Dollar Surge

The uptick in dollar prices has implications for various sectors and has kindled discussions on inflation, foreign currency exchange, and the economic landscape in Iraq and the Middle East. The increase at the stock exchanges and local currency exchange shops signifies a noteworthy shift in the foreign exchange market. The Central Bank of Iraq (CBI) conducted an auction for buying and selling the US dollar, revealing a substantial increase in foreign transfers compared to cash sales. The auction saw an 86% surge in foreign transfers, reaching a total of $197 million, illustrating the growing demand for foreign currency in the region.

Inflation Rates and Economic Stability

Despite the exchange rate fluctuations, the CBI reported a decrease in inflation rates in Iraq, maintaining that the inflation rates are within acceptable limits compared to neighboring countries. The fall in inflation rates from 4.4% to 3.7% between August 2022 and August 2023 sheds light on the economic stability and monetary policies in Iraq.

The Oil and Gas Sector

The foreign currency exchange and inflation trends are closely linked to the broader economic landscape, including the oil and gas sector. DNO ASA, a Norwegian oil and gas operator, reported significant developments in its operations, particularly in Kurdistan. The company’s third-quarter revenue and production figures indicate the evolving dynamics of the oil industry in the region. The closure and subsequent reopening of the Iraq-Turkey Pipeline, coupled with the recovery of accumulated debt, demonstrate the complex interplay between geopolitical factors and commercial operations in the oil and gas sector.

The Geopolitical Landscape

The geopolitical landscape adds another layer of complexity. The heightened security concerns, as evidenced by the sirens warning of a possible attack at the U.S. embassy in Baghdad, underscore the geopolitical risks that can impact economic activities in the region. The geopolitical tensions and their potential impact on foreign investments and economic stability are crucial elements to consider within the broader economic analysis of Iraq and the Middle East.

In light of these developments, it is evident that the fluctuations in exchange rates, coupled with the dynamics of the oil and gas sector and geopolitical considerations, collectively shape the economic landscape of Iraq. A comprehensive understanding of these interconnected factors is essential for stakeholders to make informed decisions and navigate the complexities of doing business in Iraq and the broader Middle East region.

https://bnn.network/world/iraq/surge-in-us-dollar-exchange-rates-implications-for-iraqs-economic-landscape/

"IRAQ BOOTS ON THE GROUND REPORT" BY FIREFLY, 9 NOV

 Frank26 (KTFA)

[Iraq boots-on-the-ground report]

FIREFLY: Oil and Gas law by the 9th…or have to wait…Without the Oil and Gas no rate until 2024.

FRANK: You say, without the HCL you will not have an exchange rate until January 1st?  I can agree with you to a certain point… IMO Between now and January 1 you will see what you want…They already gave you a clue – The dollar will stop on January 1st…

[Community Member Bank Story]

I believe banking experiences are driven by the individual location and especially the training level of the bankers.   I mentioned my investment to a baker at Chase yesterday, and she immediately dug out a “Private Client” business card, different than the one on her desk. She said “When that happens, call me.”

Coffee with MarkZ. 11/09/2023

Thank you MarkZ for all your time, and encouragement daily….. PDK

MarkZ Thursday Update- 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 MORNING, EVERYONE!!

Member: Is today the day! Hope Mark has good news!!!

Member: Charlie Ward always thought it would happen on a Thursday!! Let’s hope it does. 

MZ: I am still getting Friday night through  Sunday morning from nearly all of my contacts….to expect the release of bonds ect…..Let’s hope they are accurate. Things are looking very good, but manage your expectations. 

MZ: I am being told that Iraq on Friday is expected to join the World Trade Organization and that they have a fully international currency. This means a lot needs to happen in the next 24-36 hours.   We are going to watch it closely. 

Member: Isaac is saying he is waiting for a very important CC today. 

MZ: He is not the only one on the bond side that is waiting for that update…As I understand it – it is to update them on if they are still on schedule  for the anticipated economic receipt…..meaning they will be able to spend their money without any restrictions. 

Member:  Mark, any news on the redemption center folks.. are they working this weekend? 

Member: Mark will you have the number we can call to exchange when this happens?

MZ: I am told I will have a 800 number or a secure link you can use to get your number. I am told I should have those about 30 minutes before its time to announce it. 

Member:  Dinar Recaps says they will also send an email notice when the RV happens.

MZ: Yes- I am told that Recaps and a number of dinar sites will be sent those out to publish and email them. They do not have the numbers now so do not frustrate them and you with asking.  I was told by two participating banks that they will issue instructions to the larger aggregating sites when it is time to send them out to their massive mailing lists. 

MZ: My plan is to let you know via youtube,Telegram,  rumble Twitter or X….

Member: With the QFS system do we need to worry about having more insured with the FDIC?

MZ: Mr. C is confident we will not need to worry about insuring accocunts…..I will probably be paying for extra insurance until I feel real good about the QFS.  . 

Member: my bank told me over a month ago their bank is already backed by the QFS the teller told me and was very adamant about it

Member: The forex closes Friday at 5 est time and doesn’t open back up until Sunday at 6 east. The rate has to show on the FX to exchange at the RI/RV rate…imo.

Member: Mark –do you think Nesara and the global RV is already done?

MZ: I think they are prepared and just awaiting the release. I can tell you there was an attempt to release it all last weekend and it was punted to happen sometime this week.

Member: Mark, are you still hearing our current bank accounts are mirrored and safe in the QFS ?

MZ: I am. But we shall see. 

Member:  I think it may happen 11/11 at 11:11 is the day and time…Chinese love numerology. 

Member: Maybe this is considered our 3-day weekend... Veteran's Day is the 11th!!

Member: My bank is closed tomorrow in observance of Veterans Day.

Member:  Encyclopedia has now changed the definition of the word "Soon" . LOL

Member:  “Be kind to yourself as you proceed along this journey. This kindness, in itself, is a means of awakening the spark of love within you and helping others to discover that spark within themselves.” TB

Member:  We create our own reality. I’m making mine a beautiful one! And whatever I’m blessed with, well I’m hoping it’s a lot, to do more projects with it

Member: Thank all…..Looking forward to this 3 day weekend…..have a good feeling this really may be it!!!

STAY IN THE KNOW: FOR UPDATES ON PODCASTS (CHANGES & GUESTS). YOU WILL FIND PLENTY OF USEFUL INFO THAT KOUKLA UPDATES OFTEN FOR MARK AT THE TELEGRAM INTEL CHANNEL: https://t.me/+K_GNVfTI0gFkZWYx

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

FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...

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

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

MARK’S TELEGRAM ROOM FOR WORLD NEWS EVENTS & CHAT? LINK: https://t.me/TrollingNews_telegram

THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!

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. 

Experts Call For Changing Some Economic Laws, 9 NOV

Experts Call For Changing Some Economic Laws

Iraq  11/09/2023    Baghdad: Muhannad Abdel Wahab  The opinions of economic experts varied regarding Iraq’s need to change or amend a number of economic laws, including the law of the Central Bank, Securities and Investment Authority, while they called for dividing the budget law into three investment budgets and others for the Investment Authority and the Central Bank to support loans.

The economic expert, Mustafa Hantoush, said in an interview with “Al-Sabah”: The Iraqi economic reality needs to amend some of the laws that work to restore its economic growth in accordance with the development that the world is witnessing, as they need to be reformulated or amended to their paragraphs, noting that the laws that need to be amended

They are Central Bank Law No. 56 of 2004, Banks No. 4 of 2004, Securities Commission No. 72 of 2004, Investment No. 50 of 2015, Tax Law No. 113 of 1982 amended for the year 2004, and Companies Law No. 21 of 1999 amended for the year 2019. He explained

. These laws have a number of problems and do not help direct the Iraqi economy or manage banking operations or state funds correctly, stressing that we need to activate investment in another way and with a greater flow. Even the budget law needs to be divided and made into three budgets, one for investment and another for the Investment Authority and the Central Bank and to support Loans.

In this context, economic expert Hazem Hadi pointed out, in an interview with Al-Sabah, that the Iraqi economic system has a number of distortions, especially since it is burdened by widespread unemployment, deteriorating services, and others, warning that all of these factors, unless they are addressed, cannot improve the economy. The Iraqi.

He pointed out that the solutions lie in changing a number of laws, including the Central Bank Law, which must take its role in controlling the foreign currency in a positive manner and not leave matters to the currency auction, adding that Iraq since 2003 has not witnessed an import plan or approach for what the country needs, and it must Be clear to those working in the industrial and commercial sector and their import needs.   Edited by: Adhraa Juma   https://alsabaah.iq/87002-.html