Iraq ranks as fourth-largest oil supplier to South Korea in April
Shafaq News/ Iraq was the fourth-largest exporter of crude oil to South Korea in April, according to a report from the Korea National Oil Corporation released on Saturday.
The report, reviewed by Shafaq News Agency, revealed that Saudi Arabia was the largest exporter, with exports totaling 29.187 million barrels. The UAE followed in second place with 16.95 million barrels, and the United States came in third with 12.368 million barrels.
"Iraq was the fourth-largest crude oil exporter to South Korea in April, with 7.749 million barrels," the report noted. This marks an increase of 35.1% compared to April 2023, when exports stood at 5.735 million barrels. However, it also represents a decrease of 3.1% from the previous month, which recorded 8 million barrels.
The company highlighted that "high insurance premiums continued on oil tankers in the Arabian Gulf and Asia, and the narrow Brent-Dubai price spread attracted South Korean refineries to American crude oil. However, the free trade agreement could make oil shipments from the UAE cheaper in the future, challenging the status quo in refining and trade."
Bella Rose, [2 090 vistas, 05/28/2024, 11:38:50 a. m.]
Iraq continues to move forward with big happenings. We need to keep hearing from the ministry of planning, as they’re the ones to set the REAL rate in the private sector!
Ignore this rumor of Iraq making a $100k note. Not true at all. These are haters within Iraq aka Iranian proxies trying to drive people out if the Dinar. Don’t help them. Sane with the loser trolls who can’t stand this is happening and that we are winning. Hold the line everyone! We’re waiting in Israel to do their final part as Iraq is ready to go. The budget is passed and implemented already. They can do this in twenty four hours no problem.
@JonDowling
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Jon Dowling: Tax cuts, aka income tax removal and debt relief, aka debt forgiveness. Sounds like Gesara and Nesara to me! BRICS getting stronger by the day! Iraq is now in the WTO, they just need to make the official announcement.✅
Everyone’s got their eye on Iraq RI, but that’s not the key. Here are the three key items that matter the most:
1.) XRP winning their case outright and the firing of Gary Gensler at the SEC (who in turn holds a ton of XRP by the way)
2.) the repegging of USTC
3.) then the Dinar and other things to go
Sudani was successful in terms of getting the strategic framework signed last week in DC. He wisely used his leverage to join the BRICS under China and Russia if America didn’t cooperate, which surprise they did.
This week he meets with Erdogan of turkey to sign everything else and move the ball forward. Let’s see how the rest of the aforementioned items play themselves out.
* The Dinar will happen on a religious holiday, but not just any one. It will be a Yeshua Jesus ABBA holiday and nothing else.
The Kurdistan Oil Industry Association (APIKUR) announced its readiness to consider amending contracts, in agreement with the Kurdistan Regional Government to resume exports.
“If such agreements require amendments to the current contracts, APIKUR member companies are willing to consider this if they are agreed between the federal government, the Kurdistan Regional Government and oil companies,” Apikur said in response, to a statement to Prime Minister Mohamed Shiaa of Sudan.
“Oil companies in the Kurdistan region are not ready to amend their contracts,” Sudan said to the Turkish Anadolu Agency.
The Kurdistan Oil Industry Association (APIKUR) has called for tripartite discussions for the purpose of resuming oil export via the Iraqi-Turkish pipeline.
“The association would like to refer here to recent media reports that incorrectly blamed international oil companies (IOCs) for the dispute over the reopening of the pipeline between Iraq and Turkey (ITP),” the company said in a statement, adding, “The members of this association believe that the tripartite discussions between the Government of Iraq, the Kurdistan Regional Government and the global oil companies on the one hand are necessary for the purpose of finding a mutually beneficial solution.”
“The Association here would like to refer to recent media reports that erroneously indicate the lack of flexibility on the part of international oil companies as a reason for the continued dispute over the resumption of oil exports through the Iraq Pipeline,” she added, noting that “such reports indicate that ongoing talks were interrupted due to the intransigent position taken by international oil companies, but the Association would like to show that no joint discussions have taken between international oil companies and representatives of the Kurdistan Regional Government and the Government of Iraq since 7-9 December 2024.”
The Kurdistan Oil Industry Association (APIKUR) stated, “The members of this association’s readiness to resume exports, provided that agreements are reached that provide for ensuring payment for past and future exports, direct payment and maintaining commercial conditions, if such agreements require amendments to current contracts, the member companies of the Association are ready to consider this if it is agreed between the Government of Iraq, the Kurdistan Regional Government and individual international oil companies.”
“The member companies of the Kurdistan Oil Industry Association believe that the tripartite talks between the Iraqi government, the Kurdistan Regional Government and the global oil companies are the best way to find solutions that lead to the resumption of exports through the Iraqi-Turkish oil pipeline,” said Miles Kagns,” said, “The member companies of the Kurdistan Oil Industry Association are ready to participate constructively in any such talks.”
Hi Mtn Goat, I was wondering this as well. If I remember correctly mid year, June, was also a feasible option. But you did mention January. I am trying to stay grounded, but my Wings are flapping as fast as the news is in Iraq. If policies continue to move as fast as they are, Do you think we still have to wait another 6 months since January is the best time for them to make a fiscal change? Thank you
Question from ashleypikes:
Thank you MG for a very exciting report today, yes the train is moving rapidly. As you mentioned we have moved into the second stage of financial an monetary reform. My question to you today is just how many more stages of reform are needed. It seems something is always added to the list in Iraq. You said not years to complete, however that is still a long time an since your contact has not given any timeframe which is proper conduct,, do we have to Wait till Biden is out or God forbid re-elected. Have you changed your tune in that scenario , thank you an blessings on you. We continue to wait ..
Answer Mnt Goat:
Guten tag Suki and ashleypikes. Seem both of these questions evolve around the timing of the RV. I will answer both now. As I have said a thousand times if not a million times in the last decade of my Newsletter – DO NOT DWELL ON THE TIMING. What good does this do for you? No one and not even the CBI knows the timing ,,,,get it? There is no such thing as delays it is all in your head. When the time is right Iraq will reinstate. There are other events that must proceed FOREX and I have reviewed these also many times. Don’t you get it by now?
Instead pay attention to the events as the reinstatement is a “byproduct” of the Financial Reforms more specifically Banking Reforms now underway. Did you reference the information I sent you on the Pillars of Financial Reform? Did you go read the White Paper? If you did then why are you asking me questions now on the timing of the RV? I do not in my heart believe that Biden will allow this event to occur.His administration may surprise us. we have had many surprises along this journey. It’s what you don’t know or what you think you know that will haunt you later.
Will we have to wait until January? It is a possibility, but I believe we may see it way before then. Oh… but you say the election is not until November and so Biden will still be around. Read between the lines folks,,, will you! I am saying he might not be around by then…get it? Why in hell do I spend all this time presenting the prophets and what God has to say about all this? Some say the U.S. has already signed off on it and we heard this a hundred times over too. Its all nonsense by nonsensical idiots trying to guess the RV timing. That is all it is. Get it? I am not going go there. If this is what you want then there are many idiot intel gurus out there that you can follow.
I wanted to share an interesting conversation I had...with my CBI contact this past Wednesday...I was told that the committee to work on the Project to Delete the Zeros has sent the CBI prepared articles to the news media for the sake of educating the citizens on the upcoming process. However, they are dated and so they are for the near future and not for current news. Yes, they are getting ready and moving ahead.
...we read three articles about the CBI official rate equaling the Parallel or Black market rate in the coming days. WOW!...Saleh, the prime minister’s financial advisor, then goes on to say this will make one dinar equal to one dollar in Iraq. WOW! ...I was told by my CBI contact months ago to watch for right before the CBI makes one more “official” rate change closer to 1000 from 1320. If you take 1000...and delete the three zeros 1000 what do you have? Of course, you have a situation of 1 dinar equals 1 dollar...But I believe that when they CBI does make this next official rate change it will move closer to 1166 and not 1000 which would make 1 dinar = 1.16 dollars just over a dollar to help the banks retrieve these dollars hoarded outside of the banks... Let’s sit tight and watch this play out.
Samir Al-Nusairi, the Central Bank announced that it will launch the national lending strategy on 5/25/2024, which is a clear announcement of the beginning of the second phase of its banking reform strategy...CBI announces it has completed the first phase of it by...building solid international banking relationships with international banks and correspondent banks. Get ready….
The UN, IMF and World Bank all on one day, Thursday, noted significant progress that Iraq has made in recent years, despite ongoing challenges. The reinstatement spigot has been opened. The direction is now clear.
So, in today’s news we read multiple articles coming out from the CBI and the Iraqi news telling us about yet more “WOW!” news...much of this news is confirming what my CBI contact told me recently so my trust level of my contact increases too. ...In today’s news the CBI is telling us they are moving into the “second phase of banking reforms” ...WOW! WOW! WOW! ...Folks this RV train is moving along rapidly now. It is right in our faces now what they are doing. No more guessing or hoping. The reinstatement spigot is now wide open! ...The reinstatement is coming...Folks, it is now EXPLODING!
So, in today’s news we read multiple articles coming out from the CBI and the Iraqi news telling us about yet more “WOW!” news...much of this news is confirming what my CBI contact told me recently so my trust level of my contact increases too. ...
In today’s news the CBI is telling us they are moving into the “second phase of banking reforms” ...WOW! WOW! WOW! ...Folks this RV train is moving along rapidly now. It is right in our faces now what they are doing. No more guessing or hoping. The reinstatement spigot is now wide open!...The reinstatement is coming...Folks, it is now EXPLODING!
Folks just remember I am telling you that Iraq already has a value to the dinar way above the 1/6 of a penny. They do not have to develop the private sector to raise the dinar, the economy or...export more products...
FRANK26: "THIS IS THE POWER FOR THE MONETARY REFORM"
Al-Sudani announces the opening of 48 electrical power transmission stations throughout Iraq
5/30/2024
Today, Thursday, Prime Minister Muhammad Shiaa Al-Sudani announced the opening and operation of 200 electrical stations throughout Iraq’s regions and cities.
Al-Sudani’s media office stated in a statement that the latter opened and operated “48 electrical power transmission stations for ultra-high and high pressure, and 152 electricity distribution stations throughout all governorates of Iraq, within the first phase of a package of projects to resolve bottlenecks in electricity transmission and distribution networks in Baghdad and a number of governorates.”
FRANK26: "EVERYTHING IS WAITING FOR THE NEW EXCHANGE RATE!!!"
Labor announces the commencement of procedures for transferring 37,000 people covered by the subsidy to the Interior Ministry
Baghdad
The Ministry of Labor announced, on Thursday, the initiation of procedures to transfer 37,000 people covered by the subsidy to the Ministry of Interior, and while it determined their salaries, it confirmed, on the other hand, that failure to renew the annual statement will lead to cutting off the subsidy salary.
The Director General of the Social Protection Authority affiliated with the Ministry, Ahmed Al-Moussawi, said in a statement reported by the official news agency, and seen by Al-Iqtisad News, that
“Prime Minister Muhammad Shiaa Al-Sudani approved the proposal to transfer the financial allocations to (37) thousand of those covered by the aid as heads of families who range from Their ages are between 18-25 years to the Ministry of Interior to work as a policeman out of 48 thousand included,” indicating, “We have begun the procedures related to this file and are awaiting the approval of the 2024 budget schedules.” (I LIKE THE WORD IMMEDIATELY -F26)
He added, "These will work as a contract for a period of three years with a salary of 500 thousand dinars," noting, "These will be transferred with the salaries they receive in the subsidy, and the Ministry of Interior will disburse the difference to them.
"
He stated, "2000 of these degrees will be awarded to the female component," pointing out, "All matters are ready to transfer these numbers, along with their aid amounts, to the Ministry of the Interior."
He continued, "The controls and selection will be by the Ministry of Interior after giving it the data of the 48,000, and it will select 37,000 of them," explaining, "These contracts include the head of the family."
Regarding providing job opportunities and renewing the annual statement, Al-Moussawi stressed that “our tripartite plan includes: first, expanding inclusion to the maximum extent, second, targeting other groups, including those suffering from diabetes, cancer, and spinal cord diseases, and third, graduation into the labor market,” and he stated, “in the event that the beneficiary refuses From the subsidy, there are three job opportunities for which the subsidy will be cut off in accordance with the law.”
He pointed out, "We are in the final stages of transferring the statistics to the Interior, and the final minutes will be signed and approved by the Ministers of Labor and Interior, to be implemented immediately after the budget is approved."
Regarding the annual statement, he stressed that “the annual statement includes renewing information via the Mazalati platform by preparing family members or the occurrence of a divorce, and it is withdrawn and submitted to the department,” pointing out, “If the annual statement is not renewed, the aid salary will be stopped, but when There are disabled people, so a social researcher is sent to their homes to collect information.”
