Source: Baiji Refinery boosts domestic production, 24 FEB

Source: Baiji Refinery boosts domestic production

Shafaq News/ On Friday, a government source disclosed that the Baiji oil refinery has been successfully rehabilitated and brought back into operation.

Today, the Iraqi Prime Minister, Mohammad Shia Al-Sudani, reopened the refinery, the largest in Iraq.

The source told Shafaq News Agency that the refinery now boasts a production capacity of 150,000 barrels per day, emphasizing that it has led to a 50% reduction in the need for imported gasoline. 

The refinery, with a base production capacity of 310,000 barrels per day, had been closed for over ten years, and its operations were interrupted when ISIS occupied it in May 2014. 

Following the liberation of Baiji from ISIS in 2015, the refinery faced challenges. Some reports said that armed factions involved in the military operations against ISIS “stole” the refinery’s equipment and sold them. 

Later, Prime Minister Al-Sudani announced that the stolen equipment and devices were recovered.

https://shafaq.com/en/Economy/Source-Baiji-Refinery-boosts-domestic-production

"RV UPDATE" BY WOLVERINE, 24 FEB

 WOLVERINE

It has been a long journey for all of us, some of us have been in this for 30 years. A person I know has been in this since the 1960s when she heard about this, more than 50 years ago. It boggles the mind how many years people have waited for this to happen.

We can’t get any info from Reno, Zurich or other platforms because everyone is under NDA and that is a good sign. No one is talking. I tried to talk to Whales and they are under NDA, and yes, they have been blessed.

I think there is not going to be an announcement, I think it is a process, I think people will just get paid, and they will sign an NDA, and then we will know about it. They will probably celebrate with their family and their platform. I do not think we will all celebrate together as we wanted to. 

I have been told by a good source that we may celebrate by tomorrow Fri. 23 Feb.

There are some things I cannot tell you. I know people are suffering, about to lose homes, living in cars, severe health issues, like me.

I want to let you know that it has started and I am just waiting for a call to release.

My personal opinion is that we will get appointments next week.

Bondholders need to get paid first and then currency holders. Historical bond holders will go last after the currency holders.

That is about it guys. It has been very stressful for me guys.  I am going to the Gold Coast. I can’t go today, due to a glitch in the system, but I will go tomorrow as I have been invited to a summit to be a guest speaker and will be back on Monday.   There is nothing more I can tell you. Take care guys, Wolverine.

https://dinarevaluation.blogspot.com/2024/02/rv-update-by-wolverine-23-feb.html

Wed. 21 Feb. Wolverine Whale Movement (of funds) Happening

19,905,635 #XRP (10,751,673 USD) Transferred From #Binance  To Unknown Wallet. 18,544,887 #XRP (10,016,690 USD) Transferred From #Binance  To Unknown Wallet. 

Someone Knows Something Huge Pump For #XRP. …

“The QFS is connected to 108 banks, is active in 14 countries and the platforms are ready to allow transfers. We are ready. God bless.”

https://dinarevaluation.blogspot.com/2024/02/rv-update-we-are-ready-by-wolverine-22.html

The Iraq Reinstatement | Bank Screens Flashing | Rising Values and Banki...

PM calls for ending oil derivatives imports as Iraq eyes self-sufficiency, 24 FEB

PM calls for ending oil derivatives imports as Iraq eyes self-sufficiency

Shafaq News/ Prime Minister Mohammed Shia al-Sudani on Friday criticized Iraq's long-standing practice of importing oil derivatives despite the country's huge daily crude oil production. 

He pledged to achieve self-sufficiency in oil derivatives by mid-next year.

Speaking at a ceremony to celebrate the reopening of the Baiji North Refinery, al-Sudani denounced the decades-old policy of importing oil derivatives given Iraq's potential to meet its own needs.

"We have the capability to secure our own oil derivatives," al-Sudani said. "We are nearing the goal of self-sufficiency, with a target set for mid-next year. Our nation's heroes may even surpass this timeline."

Al-Sudani said that redirecting funds from oil derivative imports would bolster other vital sectors and reaffirmed the government's commitment to prioritizing the oil and gas industry, with a focus on efficient resource utilization and maximizing income.

Work at the Baiji refinery, Iraq's largest with a processing capacity of 310,000 barrels per day, was halted after it fell under ISIS control in May 2014.

Following the liberation of the Baiji district in 2015, many equipment were found to be lost from the refinery with fingers pointing toward Iraqi armed factions that participated in the liberation battles. Al-Sudani later announced that the looted equipment was recovered.

https://shafaq.com/en/Iraq-News/PM-calls-for-ending-oil-derivatives-imports-as-Iraq-eyes-self-sufficiency

 

"IRAQI BANK FRIEND AKI UPDATE" BY WALKINGSTICK, 24 FEB

WALKINGSTICK

 [Iraqi bank friend Aki update]  

The training with the specimen sheets is a daily continuing thing...We don't know if it's going to be the DeLaRue machines or a completely different structured machine because the new security features on the new small lower notes are not recognizable on the old DeLaRue machines.  Aki is working with new sorting and counting machines [Not the new DeLaRue machines]...These machines [New DeLaRue] will only be used inside of Iraq.  Aki has no need for these machines...Chase's JP Morgan who buys and sell currency around the world would also have these new machines.

 The CBI was given new DeLaRue machines to use by the United States Treasury.  Why?  Because the old DeLaRue machines cannot read the new security features on the new lower notes.

  The Government of Iraq is soon to receive the funding for everything that is waiting for a new international exchange rate, for everything the world is waiting for, for what you're waiting for, for what the Iraqi citizens are desperately in need of.

"IRAQI BANK FRIEND UPDATE" BY WALKINGSTICK, 7 FEB

  [Iraqi Bank Friend Aki update]

  Aki [and his boss Number One] went to the meeting on Thursday with everybody else that represents banks in Iraq.  The one question we had for them, 'Gentlemen, we've been seeing some articles that are suggesting maybe we're looking at about two more months away...'    [they answered]  'NO! Who told you that!'

 All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done.  All the things that Aki [Iraqi bank friend] had to do in order to qualify to exchange the 3-zero notes into American dollars is done.  International platforms that were needed in order to do electronic transfers is done...

[Iraqi Bank Friend Aki update] 

This is the monetary reform roadmap for the next couple of weeks...January 29th a banking campaign was started to release deeper education about the monetary reform to the Iraqi citizens

...Either Thursday or Friday the Minister of Planning, Minister of Finance, the Governor of the Central Bank of Iraq and the Prime Minister Sudani are all going to be receiving the flow down of information regarding the new currency that is to be released and the new exchange rate for that new currency...Also...the Erbil Stock Exchange (ESX) and The Iraqi Stock Exchange (ISX) have completed their linkup...of international platforms.  They are done and going live at any moment.   

https://dinarevaluation.blogspot.com/2024/02/rv-update-by-walkingstick-2-feb.html

All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done.  All the things that Aki [Iraqi bank friend] had to do in order to qualify to exchange the 3-zero notes into American dollars is done.  International platforms that were needed in order to do electronic transfers is done...

[Iraqi Bank Friend Aki update] 

This is the monetary reform roadmap for the next couple of weeks...January 29th a banking campaign was started to release deeper education about the monetary reform to the Iraqi citizens

...Either Thursday or Friday the Minister of Planning, Minister of Finance, the Governor of the Central Bank of Iraq and the Prime Minister Sudani are all going to be receiving the flow down of information regarding the new currency that is to be released and the new exchange rate for that new currency...Also...the Erbil Stock Exchange (ESX) and The Iraqi Stock Exchange (ISX) have completed their linkup...of international platforms.  They are done and going live at any moment.  

https://dinarevaluation.blogspot.com/2024/02/rv-update-by-walkingstick-2-feb.html

Breaking News Iraq Prime Minister Receives Official Letter from America,...

The Governor Of The Iraqi Central Bank Identifies The Advantages Of “Electronic Collection”: A Very Important Episode, 24 FEB

 The Governor Of The Iraqi Central Bank Identifies The Advantages Of “Electronic Collection”: A Very Important Episode

Economy News – Baghdad  Today, Thursday, the Governor of the Central Bank of Iraq, Ali Al-Alaq, described the issue of electronic collection as an “important episode,” and while he pointed to the advantages of collection, he stressed the Central Bank’s commitment to supporting this initiative.

Al-Alaq said in a speech during a workshop organized by the Iraqi Private Banks Association, and attended by an “Al-Iqtisad News” correspondent, that “the launch of the electronic collection project comes as a translation of the commitment of the Central Bank and the banks and financial institutions subject to the supervision of the Central Bank to implement its vision and strategic objectives to develop the financial banking sector in Iraq.”

He added, "The project will contribute significantly to enhancing government resources and collecting them in a reliable, secure and transparent environment, relying on the infrastructure in payment systems and electronic payment platforms provided by the Central Bank and providing payment services."

Al-Alaq stated, “This project generally targets all governmental ministries, as well as non-governmental ministries, unions, and associations from which the amounts are collected,” pointing out that “this project will enable the automation of all collection operations, the adoption of electronic payment tools, and the reduction of cash transactions, which in turn will help reduce the burden of burden on citizens by accelerating the completion of transactions.”

The Governor of the Central Bank explained, “Customers can choose the time and place they want to pay bills, and this will save time and effort and provide services to pay citizens through multiple payment channels with a high degree of trust and security.”

He pointed out that “this matter increases collection rates, reduces costs, reduces the risks of cash dealing, raises the efficiency of the service provided to the citizen, and obtains integrated data and reports,” considering that “electronic collection is an important link among the links seeking to reduce the phenomenon of the cash economy, which the Central Bank seeks to achieve.”