Oil announces the completion of drilling a new well in record time, 11 DEC

 Oil announces the completion of drilling a new well in record time

On Sunday, the Ministry of Oil announced they had finished drilling a new oil well in record time.

The Ministry has released a statement confirming that the technical and engineering personnel of the Iraqi Drilling Company have completed the drilling of the MJ-159 directional oil well. This well was drilled for the Basra Oil Company as part of a project to drill 42 oil wells in the Majnoon oil field in collaboration with Halliburton Company. The primary objective of this collaboration was to provide oil services.

“He stated that they used the modern IDC-56 drilling rig with a horsepower capacity of 2,000 horsepower to carry out drilling operations. They employed a directional drilling method with an inclination angle of 38 degrees and reached a depth of 3,310 meters. The drilling of the well was completed in 35 days, which is considered a record.”

He explained that the company had accomplished remarkable success on this project in terms of quality performance and strict adherence to health, safety, and environmental standards.

The Central Bank explains the disappearance of large amounts of local currency, 10 DEC

 The Central Bank explains the disappearance of large amounts of local currency

On Saturday, the Central Bank of Iraq denied allegations that large amounts of Iraqi currency had disappeared and been smuggled to neighboring countries.

The Central Bank has issued a statement where it denies the accusations of large amounts of Iraqi currency being disappeared and smuggled to neighboring countries. The Bank clarified that the quantities of Iraqi money are printed in accordance with the needs of the economy and under strict standards.

According to him, the first issuance of Emaar bonds was fully subscribed and done in accordance with the needs of the Ministry of Finance and the General Budget Law.

He emphasized that the institution is the only one in Iraq that undergoes audits of its accounts and operations from four parties, namely the Financial Supervision Bureau, an international auditing company, a committee of external auditors, and the Internal Audit Department.

The Bank emphasized that accusing someone without providing evidence to back up the claim raises doubts about the accuser’s intentions and objectives of damaging the state’s economic interests. The Bank also stressed its legal right to take action against anyone who promotes such unfounded accusations.

Lets Talk About The Venezuela Bolivar!!! | Government, Elections, Real L...

Iraq requests US Treasury assistance in tracking the funds of Saddam Hussein's regime, 10 DEC

  Iraq requests US Treasury assistance in tracking the funds of Saddam Hussein's regime

The head of the Federal Integrity Commission, Judge Haider Hanoun, and his accompanying delegation met with US Deputy Assistant Secretary of the Treasury, Jesse Baker, to discuss the possibility of concluding a memorandum of understanding between the Iraq Money Recovery Fund and the US Treasury, according to a statement issued by the commission on Sunday.

Integrity stated in its statement that Judge Hanoun stressed, during the meeting that took place at the US Treasury headquarters, Iraq’s need for Treasury assistance, in order to reach the fate of Iraqi funds before the year 2003, linked to the era of the previous regime, its symbols and front companies, pointing out that concluding an understanding agreement between the two parties is sufficient. By facilitating this and removing obstacles and barriers, if any.

 Hanoun added, saying: Negotiating with the cronies of the former regime entails the need to lift the hold on the funds recovered from the American side, praising the quick response of the American side in this regard and its pledge to fully cooperate and as permitted by the laws.

For his part, Jesse Baker praised the cooperation between the US Treasury and the Central Bank, pledging also to cooperate with the Iraq Money Recovery Fund in tracking its funds during the era of the former regime, in addition to his cooperation with the Central Bank to combat money laundering and terrorist financing, which requires concerted efforts. To confront these crimes and combat their advanced methods.

It is noteworthy that the Iraq Money Recovery Fund, which was established under Law No. (9 of 2012) (amended), aims to recover the financial rights of Iraq that were obtained by others illegally. As a result of the misuse of the oil-for-food program, the blockade, smuggling, economic sabotage, or exploitation of the sanctions imposed on Iraq at the time; To achieve financial gains at the expense of the Iraqi people. link

"RV UPDATE" BY MILITIAMAN, 10 DEC

 Militia Man 

 Article:  "Encouraging the local currency and dealing with it in light of the current economic conditions the country is experiencing is an important issue especially with the government's intention to strengthen the Iraqi dinar against other hard currencies especially the dollar..."  They're educating them.  All these things are fascinating.  It's happening before our eyes.

  Let's see how much stronger the dinar is over the dollar.  Al-Sudani has stated..the dinar is going to be stronger than the dollar.  That's the key focus in my view.  I think it's powerful stuff.

 Article -  "The Finance Minister to the employees of the budget department, No vacation until the end of the year. " 

In other words, stay working.  We got work to do and it's probably likely going to be significantly more.

  Why?  Because if they change the value of the exchange rate their budget is going have to be addressed in a big way...It's telling you the budget's going to be sorted by the end of the year.  We're getting close...the year is coming quick.

The three presidencies recall victory: Iraqis are fighting today the battle of reconstruction and construction,10 DEC

 The three presidencies recall victory: Iraqis are fighting today the battle of reconstruction and construction

2023-12-10 01:30Font

Shafaq News / The presidencies of the Republic, the Council of Ministers and the Iraqi parliament recalled, on Sunday, the victory over ISIS, which falls on 10/12, and stressed that “the Iraqis are fighting today the battle of reconstruction and construction, fighting corruption, and the challenge of securing services.”

The President of the Republic, Abdul Latif Rashid, said, “On the day of victory over the terrorist ISIS, we remember the grave sacrifices made by our forces in all their formations, the important role of the reference, and the support of the people of all shades to defend the homeland and preserve its dignity.”

He explained that “the national solidarity to consolidate security and continue to build is a duty in order to fulfill the pure blood that was shed for the country.”

For his part, Prime Minister Mohammed Shia Al-Sudani said, “On the occasion of the sixth anniversary of the great victory over the terrorist gangs of ISIS, we remember this historic victory, in which the Iraqis were able to defeat ISIS and its terrorism, on behalf of the world and all humanity, and we recall with esteem and greatness, the titles of sacrifice for our heroic martyrs, and with them the leaders of victory, who would not have seen freedom, victory and safe living except with their great sacrifices. We also express pride and pride and pride in the heroic performance of our heroic armed forces of all kinds, which were launched towards victories armed with the great position of the Supreme Reference and fatwa on the efficient jihad of the Sistani reference, which mobilized all the energies of the country against terrorism.”

He continued, “We also salute the Iraqi woman and her great stand, and the confrontation has been won by the martyrs, the disappeared and the kidnapped, just as it has been the lives of men, and we do not fail to thank all the brothers and friends who supported Iraq in its true war against the forces of evil and darkness.”

He concluded by saying, “Iraqis today are fighting the battle of reconstruction and construction, fighting corruption, and challenging the provision of services, based on the stability achieved thanks to those sacrifices, which we cannot allow anyone to overdo, in any way.”

In turn, Mohsen al-Mandlawi, Acting Speaker of the House of Representatives, blessed the Iraqi people and security forces on this occasion.

Al-Mandalawi stressed in a statement today, Sunday, that “the fatwa of the jihad that is sufficient for the supreme religious authority, the national cohesion between the people and their security forces of various types, and the blood of the martyrs that was shed for the sake of the protection of the land and sanctities, and in the way of pride, dignity and freedom, I wrote the most pompous picture of the Iraqi victory over the forces of terrorism and backwardness, and this image will remain immortal for the extent of history and engraved in the minds and conscience of generations.”

The Acting President of the Council said that “the whole world owes the Iraqi hand thanks to ending the state of superstition that was threatening the security of the region and all the peoples of the world, calling for the completion of the security victory achieved by supporting the families of the martyrs and institutions concerned with providing them with full care.”

https://shafaq.com/ar/سیاسة/الر-اسات-الثلاث-تستذكر-النصر-العراقيون-يخوضون-اليوم-معركة-ال-عمار-والبنا

How Our IQD Investment is Tied to Global Oil Supply #IQD Exchange Rate BY SANDY INGRAM