Sunday, March 17, 2024
Deputy: The Ministry of Oil’s fifth license will revitalize 6 regions of eastern Iraq, 17 MARCH
Deputy: The Ministry of Oil’s fifth license will revitalize 6 regions of eastern Iraq
On Saturday, Representative Mudar Al-Karawi revealed that the fifth license from the Ministry of Oil will reinvigorate six districts in eastern Iraq.
Al-Karawi said in a telephone interview, “The Ministry of Oil’s fifth license gave a good space to develop oil and gas fields in the Diyala regions in eastern Iraq, especially Khana Oil, Khashm Al-Ahmar, and other fields spread across 6 distant regions that have not had any opportunity for development and investment for decades.” .
He went on to say, “Foreign companies have actually begun to reach sites for developing oil and gas fields, which means creating economic recovery by providing job opportunities and ensuring higher production is achieved in accordance with the readings approved in the schedules of agreements with the developing companies.”
He went on to say that “Diyala includes up to 10 oil and gas sites and may rise if a comprehensive survey is conducted, especially since all readings indicate that the observed reserves are very large, especially in the gas sector.”
Chinese and Emirati businesses began operating in several fields east of Diyala as part of the Ministry of Oil’s fifth licensing agreement.
"QFS CONVERSATIONS" WITH GOLDILOCKS, 17 MARCH
GOLDILOCKS
US Treasuries Announcement:
The Financial Times reported earlier on Tuesday that CME Group would apply this year to clear U.S. Treasuries, becoming the first exchange company to publicly announce its plans to enter the world's biggest bond market.
Its competitor Intercontinental Exchange's (ICE.N), opens new tab president of fixed income and data services, Chris Edmonds, told Reuters his company is also interested in offering Treasury clearing services, saying Intercontinental Exchange "will find a way to serve the market". Reuters
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"The Depository Trust & Clearing Corporation (DTCC), a post-trade market infrastructure for the global financial services industry, has seen its Fixed Income Clearing Corporation (FICC) Treasury clearing volumes grow 31% year over year, processing a daily average volume of $7.02tn."
FICC includes products such as Forex, Commodities, and Government Bonds. And, it is important to note that part of this 31% growth year over year includes foreign currency cash transactions with expectations of more growth in the near term.
This article appears in Hedge Week for a reason. Hedge Funders anticipate growth and get out ahead of the crowd for investment opportunities.
Currencies around the world are beginning to trade in local currencies, and the expansion requirement by the SEC of DTCC's services could not have come at a more appropriate time. Hedge Week 1
Hedge Week 2
© Goldilocks
It will provide 24 hours of operation… Electricity confirms the progress of completing smart meters, 17 MARCH
It will provide 24 hours of operation… Electricity confirms the progress of completing smart meters
Ahmed Musa Al-Abadi, a spokesperson for the Ministry of Electricity, stated on Saturday that the smart meters will be linked to an electronic system, implying that they will provide 24-hour energy service.
In a subsequent interview, Al-Abadi stated: “The beginning of our entry into these areas, which we will transform into a smart transformation, will be preparation for them in 24 hours, which is an obligation of the ministry, and the service will be 24 hours, and there will be no increase in the tariff.”
He went on to say, “The experiment requires installing meters for citizens, and then providing electricity for about 24 hours in these elected areas,” and added that “these networks, their feeders, loads, and energy burning were studied.”
"QFS CONVERSATIONS" WITH GOLDILOCKS, 17 MARCH
GOLDILOCKS
"The Depository Trust & Clearing Corporation (DTCC), a post-trade market infrastructure for the global financial services industry, has seen its Fixed Income Clearing Corporation (FICC) Treasury clearing volumes grow 31% year over year, processing a daily average volume of $7.02tn."
FICC includes products such as Forex, Commodities, and Government Bonds. And, it is important to note that part of this 31% growth year over year includes foreign currency cash transactions with expectations of more growth in the near term.
This article appears in Hedge Week for a reason. Hedge Funders anticipate growth and get out ahead of the crowd for investment opportunities.
Currencies around the world are beginning to trade in local currencies, and the expansion requirement by the SEC of DTCC's services could not have come at a more appropriate time.
© Goldilocks
https://www.hedgeweek.com/dtccs-ficc-treasury-clearing-volumes-grow-31/
https://www.hedgeweek.com/sterling-trading-tech-expands-into-asia/
Weekend News with MarkZ. 11/23/2024
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