Iraq in Talks with Turkmenistan to Import Natural Gas, 5 DEC

 Iraq in Talks with Turkmenistan to Import Natural Gas

In a significant move towards bolstering its energy security, the Iraqi Ministry of Electricity has commenced negotiations with Turkmenistan Gas Company to import 25 million cubic meters of natural gas daily. This crucial step, as reported by the Iraqi News Agency, intends to fully satiate the fuel needs of six prominent power stations in the region.

Meeting the Energy Demand

The decision by the Ministry of Electricity aligns with the directives of Prime Minister Mohammed Shiaa’ Al-Sudani. The proposed quantity of gas import is aimed at meeting the escalating demand for electricity in the region and ensuring a stable supply of natural gas and electricity, particularly in the event of delays or technical issues in Iran.

Upon successful procurement, this import will entirely meet the natural gas requirements of several operating units, including the Mansuriyah, Sadr, Basmaya, South Baghdad Gas Station Second, Quds, and Taji stations.

Regional Energy Landscape

The negotiation comes amidst a wider reshaping of the Eurasian energy landscape. Countries like Kazakhstan, Russia, and Uzbekistan are currently considering the formation of a trilateral ‘gas union’ for infrastructure development and foreign market expansion. The concept of such a gas union is considered ‘extremely relevant’ and beneficial for all involved nations.

Energy Initiatives Across the Middle East

In related energy news, Saudi Arabia is making significant strides in the realm of renewable energy. It plans to launch renewable energy projects with a capacity of 20 gigawatts in 2024 after quadrupling its renewable energy production from 700 megawatts to 2.8 gigawatts. Furthermore, the kingdom is taking steps to be a major global source of green hydrogen and is developing international partnerships to foster green hydrogen projects within the country.

In the pursuit of global climate goals, the Saudis are focusing on innovation and a wide range of technologies to secure affordable energy access in a more sustainable future for all, addressing the fundamental challenges of climate change.

https://bnn.network/world/iraq/iraq-in-talks-with-turkmenistan-to-import-natural-gas/

FRANK26….IQD 12-4-23……EVIDENCE

"RV UPDATE" BY SANDY INGRAM, 4 DEC

  Sandy Ingram 

 The Central Bank of Iraq confirmed some Iraqi banks are transferring dollars from their accounts to intermediary banks who are distributing the dollars to their customers.  The Central Bank of Iraq said this will contribute to reducing the exchange rate of the parallel dollar...[We're] thinking this is to keep the black market intact. This means the decision to only use Iraqi dinar in all transactions beginning January 1, 2024 may cause concerns and the Central Bank of Iraq is making moves to control any possible issues.

Article:  "Inflation rate in Iraq declines in 2023 compared to 2022" 

 The Central Bank of Iraq announced the inflation rate decreased in 2023 compared to 2022.  Inflation in Iraq reached approximately 3.7% in August 2023, compared to 4.4% in August 2022.  Iraq's inflation rate is good compared to many countries where inflation has reached 30% and 40%...

Wealthy Iraqis move to the Caribbean.  Guess who's on the list?  ...The leader of the Kurdistan region and the former governor of the Central Bank of Iraq and other businessmen suspected of corruption...Iraq's politician are monitored by the organized Crime and Corruption Report Project (OCCRP)...This is part of the effort to catch

individual involved in corruption....The project reported the purchase of Dominica (tiny Caribbean island) citizenship...enabling them to travel worldwide without a Visa...This country's visa is magical.  Citizens can travel to 144 countries without a visa..

 The country has no tax on foreign income, capital gains, inheritance, stock profits, wealth or gifts...The former Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhif, obtained Dominica citizenship in 2017 along with his wife and two children and did not renounce it upon his appointment as governor of the CBI which was clear violation of article 18 paragraph 4 of the Iraqi Constitution.  He held the position of governor of the Central Bank of Iraq from September 2020 until his removal by the current prime minister on January 23, 2023.. .

There are corruption questions...a legal complaint... has been filed due to the loss and depletion of millions of dollars regarding forged import documents.

  The reason countries have foreign reserves is to make sure that a country has backup funds if its national currency rapidly devalues or becomes entirely worthless.   It's common practice for central banks of different countries around the world to hold large amounts of reserves of foreign exchange.  Most of these reserves are held in US dollars since it is the most traded currency in the world...The amount of monies a country holds in its reserves has a lot to do with the county's currency rate...Iraq has the largest foreign currency reserves in its' history.

 The reason countries have foreign reserves is to make sure that a country has backup funds if its national currency rapidly devalues or becomes entirely worthless.  It's common practice for central banks of different countries around the world to hold large amounts of reserves of foreign exchange.  Most of these reserves are held in US dollars since it is the most traded currency in the world...

The amount of monies a country holds in its reserves has a lot to do with the county's currency rate...Iraq has the largest foreign currency reserves in its' history...

Article:   "Good News for Investors:  US Treasury Continues to Omit Vietnam Currency Off Currency Manipulator's List"  

 Vietnam was not included on the US Treasury Department currency manipulators list this time.   The list comes out twice a year and includes countries that may have surpassed the value of their currency.  When a country does this it cheats investors on potential profits...Iraq is rebuilding after the war so is not yet subject to currency manipulation lists...

  On Wednesday the Prime Minister of Iraq's advisor took the lead from the Central Bank of Iraq and announced Iraq has the largest foreign currency reserves in its' history and that the exchange rate treatment package aims to prevent profiteering at the expense of the economy...

https://dinarevaluation.blogspot.com/2023/11/rv-update-by-sandy-ingram-25-nov.html

https://dinarevaluation.blogspot.com/2023/11/rv-update-by-sandy-ingram-30-nov.html

Can Iraq achieve financial independence from Washington? A parliamentarian answers, 4 DEC

 Can Iraq achieve financial independence from Washington? A parliamentarian answers

Can Iraq achieve financial independence from Washington - A parliamentarian answersInformation/private..

Member of the House of Representatives, Jassim Al-Moussawi, confirmed today, Sunday, that there are many solutions to get rid of the United States’ control over Iraqi oil sales funds, adding that moving towards this decision requires bearing the burdens and consequences that Washington may issue against the country.

Al-Moussawi said, in an interview with the Maalouma Agency, that “obtaining financial independence requires the support of political forces from all segments of society to proceed with the implementation of this decision,” noting that “it is not possible to build a free and strong economy without moving towards achieving financial independence away from Washington.” “.

He continued, “The general situation and current developments do not allow the continuation of hegemony and the mortgaging of Iraq’s money and economy to the decisions of the United States of America,” noting that “Washington is suffering from a decline in its economy to great degrees recently.”

Al-Moussawi explains: “There are many solutions to get rid of the United States’ control over the money sold by Iraqi oil,” pointing out that “America suffers from all the issues, and this is what will make it negotiate with Iraq regarding the issue of ending the deposit of funds in the Federal Bank instead of directly with the Iraqi banks.”

The leader of the Al-Fatah Alliance, Ali Hussein, had confirmed in a statement to the “Al-Ma’louma” agency, “Changing the policy of the Ministry of Oil by sending money to the Central Bank of Iraq instead of sending it to the Federal Bank will spare the country from continuous pressures from the Washington administration.”

almaalomah.me

Al-Maliki’s coalition calls for urgent measures to stop US violations of sovereignty, 4 DEC

 Al-Maliki’s coalition calls for urgent measures to stop US violations of sovereignty

Al-Malikis coalition calls for urgent measures to stop US violations of sovereigntyInformation/Baghdad..

On Sunday, representative of the State of Law coalition, Yasser Al-Husseini, called on the government to take the necessary measures to protect Iraqi sovereignty from blatant American interference.'

Al-Husseini said in an interview with the Maalouma Agency, “The government and political forces are required to take measures to stop blatant American interference in Iraqi affairs.”

He added, “Iraqi sovereignty is a red line, and the recent American attacks will not pass.”

He pointed out that “we renew our call to the Iraqi government to take the necessary political, legal and security measures and measures against American transgressions.”

Earlier, Prime Minister Muhammad Shiaa Al-Sudani confirmed to US Secretary of State Anthony Blinken that the attack on the Jurf al-Nasr district in Babil Governorate represents a violation of Iraq’s sovereignty.

almaalomah.me

Evening News with MarkZ. 12/04/2023

Responding to the professional advisors comments about Mark Z 12/04/23 BY PIMPY