Iraqi Ambassadors Conference in Baghdad issues 6 recommendations, 10 NOV

 Iraqi Ambassadors Conference in Baghdad issues 6 recommendations

Shafaq News / The concluding statement of the seventh Iraqi Ambassadors Conference held in Baghdad outlines six recommendations, emphasizing Iraq's openness in its foreign policy to all parties.

According to the Iraqi Ministry of Foreign Affairs, the conference, held from November 4-8, 2023, focused on diplomatic strategies, balanced international relations, and sustainable economic development. Notable attendees included the President, Prime Minister, and other key figures. The seventh edition, following a hiatus due to the pandemic, involved 85 ambassadors and political and consular mission heads from around the world.

During the conference, the ministry aimed to enhance dialogue with Iraqi parliamentary committees, ministers, experts, advisors, and military leaders, covering topics such as national security, counter-terrorism, energy, oil, sovereignty, borders, planning, development, consular services, passports, industry, finance, monetary policy, environment, climate change, international relations, foreign policy, investment, reconstruction, and housing.

The discussions led to recommendations to elevate coordination and collaboration between the ministry and relevant national entities, diversify economic and developmental partnerships, and strategically reclaim Iraq's strategic role internationally.

The conference highlighted the importance of reshaping external relations bilaterally and multilaterally, aligning with regional and international developments. It emphasized Iraq's diplomatic influence through soft power sources like the economy, energy, and development, contributing to de-escalation in the region.

The initial stance on the Palestinian issue, the unjust war in Gaza, and the significance of humanitarian support were affirmed, promoting continued coordination with Arab and Islamic groups. The conference concluded by reiterating the Foreign Ministry's commitment to expressing national interests, supporting Iraqi communities worldwide, and issuing recommendations to enhance political, diplomatic, administrative, technical, financial, and organizational capacities. These recommendations aim to strengthen Iraq's position, fostering an environment for open foreign policy based on solid principles and mutual interests.

https://shafaq.com/en/Iraq-News/Iraqi-Ambassadors-Conference-in-Baghdad-issues-6-recommendations

Iraqi Dinar of Reinstatement and the International Float Ahead | HOT NEWS

Iraq Dinar - International - WTO - UNCTAD - Progression - Coins - Conver...BY MILITIAMAN

"RV UPDATE" BY WALKINGSTICK, 10 NOV

 Walkingstick 

[Iraqi bank friend Aki update]

When Saddam was removed, many retirees...expatriots...soldiers...citizens left Iraq...A great portion has come to the United States of America therefore these [CBI affiliated] private banks are needed for the reinstatement for the Central Bank of Iraq to re-collect the 3-zero notes that are missing...They turned the private exchange centers into private banks for...the change in the exchange rate of the Iraqi currency. 

You have all these countries that want to pour into Iraq and they're going to bring in their currency...

Go ahead bring in your currency  but you're going to have to convert it into Iraqi dinar.  And that's what?  Supply and demand on the market which will blow the Iraqi dinar value up...  

[Iraqi bank friend Aki update] 

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...

Oil companies in Iraqi Kurdistan halt exports until payments issue resolved, 10 NOV

 Oil companies in Iraqi Kurdistan halt exports until payments issue resolved

DNO, the Norwegian company, stated on Thursday that international oil companies operating in the Kurdistan region of Iraq will not export oil through a pipeline until the issue of late payments, which amounts to around one billion dollars, is resolved.

The Kurdistan Regional Government (KRG), Iraq, and oil producers lost $7 billion after Turkey closed the oil pipeline in March, according to the Association of the Petroleum Industry of Kurdistan (APIKUR) in mid-October.

DNO and the five other members of APIKUR will resume pipeline exports once they receive their contractual entitlements for the already sold and exported oil.

The company owed over $300 million in accumulated debt to the KRG from previous oil sales in 2022 and 2023.

Turkey halted Iraq’s 450,000 barrels of daily oil exports via pipeline from Kurdistan to Ceyhan port on March 25.

Turkey suspended its oil exports due to an arbitration decision by the International Chamber of Commerce (ICC) in Paris.

Due to the KRG’s oil exports without permission from the federal government in Baghdad between 2014 and 2018, Turkey was obliged to pay Baghdad $1.5 billion in compensation for the damages caused.

In 2013, the KRG started exporting crude oil on their own, which was considered illegal by Baghdad.

Turkmenistan and Iraq Agree Gas Deal via Iran, 10 NOV

 Turkmenistan and Iraq Agree Gas Deal via Iran

Turkmenistan and Iraq signed a deal in Ashgabat on Wednesday to supply 9 billion cubic meters of natural gas annually for five years.

The gas will be transported through Iran in a swap arrangement, according to state-run Turkmengaz.

Iraq’s Ministry of Electricity confirms the meeting but provides no information about the duration or volume.

The complete statement from Turkmengaz:

Representatives of the State Concern Türkmengaz met with a delegation from the Republic of Iraq, led by Minister of Electricity Ziad Ali Fadel, in Ashgabat on Wednesday.

During the meeting, the parties discussed issues related to the organization of Turkmen natural gas supplies to Iraq via Iran under the SWAP scheme.

During the meeting, the parties discussed the legal, commercial, financial, and organizational aspects of their future joint activities in the gas industry. They were able to reach an agreement and signed a Protocol that outlined the main commercial terms of the deal. As per the agreement, Turkmen natural gas will be sold to the Republic of Iraq for a period of 5 years. A total of 9 billion cubic meters of gas will be transported annually through Iran to Iraq under the SWAP scheme.

In October of this year, the State Concern “Turkmengas” and the Ministry of Electricity of the Republic of Iraq signed a Memorandum of Understanding. This move is part of Turkmenistan’s efforts to diversify the supply of natural gas to world markets. With its abundant reserves of natural gas, Turkmenistan is actively pursuing international proposals in the energy sector. This includes participation in significant energy projects like the Turkmenistan-China, Turkmenistan-Iran, Turkmenistan-Afghanistan-Pakistan-India gas pipelines, as well as the development of high-voltage power transmission lines from Turkmenistan to Iran and Afghanistan.

Ashgabat is currently considering several states from the Far, Middle, and Middle East, South, and Southeast Asia as promising partners who are showing keen interest in collaborating with Turkmenistan in the energy sector. One of these potential partners is the Republic of Iraq. It is worth noting that Turkmenistan has established itself as a responsible and trustworthy partner over the years of working with foreign states and companies, by carrying out joint activities based on the principles of mutual trust, respect, good neighborliness, and transparency.

Evening News with MarkZ. 11/10/2023