Friday, April 5, 2024
Coffee with MarkZ, joined by Dr. Scott Young. 04/05/2024
"IMPORTANT IRAQ NEWS:IN DETAIL.. THE PROBLEMS OF THE OIL FILE BETWEEN BAGHDAD AND ERBIL – URGENT" BY MNT GOAT, 5 APRIL
IN DETAIL.. THE PROBLEMS OF THE OIL FILE BETWEEN BAGHDAD AND ERBIL – URGENT
Baghdad Today – Sulaymaniyah
On Wednesday (March 27, 2024), oil expert and advisor for energy affairs at the Patriotic Union of Kurdistan (PUK), Bahjat Ahmed, pointed out the most important problems of the oil file between Baghdad and Erbil.
Ahmed said in an interview with “Baghdad Today” that “the lack of transparency in oil revenues and the high cost ratio at the expense of the region’s profit, led to the inability to cover the budget, with the failure to establish an institution to manage the oil file and not allow the establishment of the oil industry, and the allocation of all oil produced for foreign export, is one of the problems.”
He added, “The legal conditions included in the region’s contracts with oil companies in favor of the Kurdistan government, must be implemented, and the public oil companies listed in the oil and gas law for Kurdistan must be established, and also the absence of a condition in the region’s contracts about setting a ceiling for oil production has allowed companies to pressure oil fields for the purpose of producing the largest possible quantity in the shortest time, and this caused damage to the majority of fields.”
He explained that “there is the publication of fake information about oil reserves in the region, so that oil companies benefit from that information for the purpose of raising the price of their shares on the global stock exchange without Kurdistan benefiting from it one dollar.”
“From 2013 until the cessation of oil exports last year, companies produced one billion and 600 million barrels of oil in all oil fields in the region, and these companies invested about 12 to 14 billion dollars,” he said.
In a sharp statement issued on Monday, the Ministry of Oil of the federal government in Baghdad blamed foreign companies operating in the oil sector in Kurdistan for the suspension of exports through the Iraqi-Turkish pipeline since last March.
Abikour, a consortium of 8 companies operating in the oil sector in Kurdistan that exports 50 percent of its oil to Turkey, claimed in its statement that the Iraqi government has not taken significant steps to open the Iraqi-Turkish oil pipeline and resume the export of oil to the Kurdistan region, despite Turkey’s announcement in October 2023 that the line is ready.
Kurdistan used to export 450,000 barrels per day to Turkey to secure the salaries of its employees and financial revenues, due to the absence of an oil and gas law regulating the management of oil wealth in Iraq. However, the region’s export of oil without reference to the federal government, and without its commitment to pay 250,000 barrels to Baghdad in accordance with the federal budget law, caused deep problems between the two sides, whose catastrophic repercussions were reflected in the standard of living of the region’s residents after the federal government failed to pay the salaries of its employees since 2015, until the region fulfilled its financial obligations to Baghdad.
https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/"RV UPDATE" BY CAPT KYLE PATRIOT, 5 APRIL
In early April, the announcement regarding the launch of NESARA is anticipated. A Global Emergency Broadcast System will be activated, featuring documentaries aimed at enlightening the masses about recent events.
To facilitate this, a global lockdown lasting 10 to 12 days will commence, with a message broadcasted on the EBS instructing everyone to stay home during a specific 5-hour window. Throughout the lockdown period, comprehensive documentaries will air across all stations, providing full disclosure of recent developments.
Upon the conclusion of the lockdown, an 800 number will be provided for the public to schedule appointments to set up their Quantum accounts, ensuring everyone globally receives a sum of money deposited into their accounts
Recent weeks have seen limited updates from the QFS Team due to significant events unfolding, including the seizure of approximately 75 banks and closure of all Cabal accounts.  ;Assets from these accounts have been transferred to Quantum Financial Accounts for redistribution to the people, including trust funds.
With the implementation of the Quantum Financial System, financial transactions are transparent and secure, eliminating corruption and fraudulent activities.
All Central Banks have transitioned to the QFS, operating under the ISO 20022 standard, ensuring accountability and traceability of funds. The imminent crash of the Stock Market heralds its demise, with personal bank accounts now reflected in Quantum Financial Accounts, except for investments and shares, which will be transitioned to a new system upon the QFS’s approval.
Assurances are given that all bank accounts, savings, and retirement accounts are secure. The anticipated date of April 1st may be delayed due to adjustments according to the Julian calendar, signaling a new beginning.
"IMPORTANT IRAQ NEWS:US STATE DEPARTMENT URGES BAGHDAD AND ERBIL TO END OIL DISPUTE" BY MNT GOAT, 5 APRIL
US STATE DEPARTMENT URGES BAGHDAD AND ERBIL TO END OIL DISPUTE
Mawazine News-Baghdad
The US State Department announced that the United States will continue to seek the resumption of the export of oil to the Kurdistan Region, an issue in which it has engaged “at the highest level,” calling on all parties to reach an agreement on this regard.
Washington is urging Baghdad and Erbil to work together, ministry spokesman Matthew Miller said at a press conference, noting that during their meeting today, the US and Iraq foreign ministers discussed the problems between Baghdad and Erbil.
In this regard, he pointed out that the US Secretary of State told his Iraqi counterpart that “stabilizing relations between Erbil and Baghdad will bring economic benefits to all Iraqis,” noting that “will be a good thing for the region, and we encourage the two partners to work together.”
On Washington’s efforts to resume oil exports, he said that “the United States has engaged at the highest level in this issue, and we urge all parties to reach an agreement to resume the export of oil via the pipeline.”
Sudanese Advisor: Iraq Is Within The Safe Range Countries In Terms Of Paying Foreign Debts, 5 APRIL
Sudanese Advisor: Iraq Is Within The Safe Range Countries In Terms Of Paying Foreign Debts
Economy | 04:32 - 04/04/2024 Mawazine News - Baghdad, the financial advisor to the Prime Minister, Mazhar Muhammad Saleh, revealed today, Thursday, the reasons for reducing annual allocations to pay off foreign debts, while indicating that Iraq is among the countries in the safe range in terms of debt repayment.
Saleh said, “According to international standards in calculating the ability of the national economy to bear the burden of external debt, Iraq is among the group of countries in the safe range in terms of the global standard for the ratio of the external debt stock,” indicating that “the gross domestic product, according to estimates, does not exceed 20 percent.” While the global measure of the debt-to-GDP ratio allows up to 60 percent.
He explained, “Given Iraq’s regularity in repaying its external debts due annually, of which only approximately 20 billion dollars remain, the annual allocations to pay external debts through the federal general budget allocations have begun to show a clear decline and decrease in the amount of external debts due, and this has been reflected.”
This is in the 2024 budget tables regarding allocations for external debt payments, compared to the 2023 budget tables, with a difference of decrease that may exceed a billion dollars.
He added, "This matter is reflected in Iraq's high creditworthiness in repaying its debts to external creditors and its commitment to repayment since the Paris Club Agreement in 2004 until the present. These are annual financial allocation mechanisms whose installments and interest are paid on a regular basis through the annual general budget, and they are decreasing. This means that the external debt gap is heading towards shrinking and then almost disappearing.”
He noted that "the Paris Club Agreement in 2004 dropped more than 100 billion dollars of Iraq's pre-1990 debt after Iraq obtained a discount on its debts at that time, which was 80 percent and more, and only a little of the remnants of those debts remained after it was removed.
" The remainder of it has been scheduled and is paid annually according to a precise and regular accounting mechanism on the part of Public Finance and the Central Bank of Iraq, and the continuous decrease in its allocations is demonstrated by the amount of the decrease in the annual allocation of external receivables from the debts that must be paid and their waiver annually.” https://www.mawazin.net/Details.aspx?jimare=245311
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