Monday, June 10, 2024

"FROM JET FUEL TO OLIVE OIL THE WORLD NEEDS IRAQ FOR EVERYTHING!!! BY FRANK26, 10 JUNE

 KTFA

FRANK26: "FROM JET FUEL TO OLIVE OIL THE WORLD NEEDS IRAQ FOR EVERYTHING!!!"......F26

Iraq: We seek to achieve self-sufficiency in the refining industry and export its surplus abroad

6/8/2024

Prime Minister Muhammad Shiaa Al-Sudani opened, on Saturday, the Al-Azmara unit project for producing improved gasoline in the Basra Refinery with a capacity of (11) thousand barrels per day.

 

During his speech, Al-Sudani pointed out the importance of opening the Azmara unit in the refinery, and the provision it represents for the country’s need for high-octane gasoline,  stressing that these projects will stop the process of wasting wealth and put an end to the import of petroleum products, which has continued for many years, stressing that the optimal investment for oil wealth is Gas and maximizing resources are among the top priorities of the government programme.

The Prime Minister explained that a series of measures and steps were being taken to expand the production of petroleum derivatives, stressing that the increase in filtering and refining capacities at daily rates, with every opening of a new oil unit, makes us close to achieving self-sufficiency.

He indicated the existence of a new indicator for the export of some derivatives, such as gas oil, naphtha, sulfur, and jet fuel, stressing the continuation of this program during the period of the government’s work, and that the goal is to increase production capacity and improve product specifications. He explained that gasoline production in 2022 was (15 One thousand cubic meters per day, while production today reached (24.8) thousand cubic meters per day.

The project, which was implemented by the National Effort at the South Refineries Company in cooperation with supporting companies, is considered one of the important projects in increasing the production of improved gasoline, with a production capacity of (11) thousand barrels per day, and it will contribute to reducing the quantities of imported gasoline, which will save more than 200 million dollars annually. .

This project, which is considered one of the lagging projects, comes in addition to a number of projects that are being implemented, to contribute to increasing the refining capacity of petroleum products, upgrading the specifications and improving the quality, within the plans of the Ministry of Oil, and in harmony with the government program, to achieve self-sufficiency.

 

In turn, Deputy Prime Minister for Energy Affairs and Minister of Oil, Hayan Abdul Ghani, said in his speech on this occasion, “Today we celebrate the opening and completion of the (Al-Zamra Unit) project with a capacity of eleven thousand barrels per day. This project is considered one of the important projects in increasing the production of improved gasoline fuel.” With a capacity of one thousand three hundred cubic meters per day, which is equivalent to one million three hundred thousand liters per day,” indicating that this project “contributes to reducing the import of gasoline by a rate of one thousand three hundred cubic meters per day, and saves the state treasury approximately three hundred and fifty million dollars per year.”

Abdul Ghani pointed out that “the project comes within the ministry’s plans to increase refining capacity, improve the specifications of petroleum products, and improve their quality, after the completion of the fourth refining unit project with a capacity of seventy thousand barrels per day, which entered into operation and production a short while ago,” considering that “the most important thing that distinguishes These projects came about as a result of the national effort of the Southern Refineries Company and its supporting bodies, after foreign companies hesitated to implement them.”

The Minister of Oil continued to say: “The government and the ministry have given great attention to the refining industry sector, with the aim of increasing national production to reach self-sufficiency, and gradually shifting to exporting its surplus outside Iraq.”

He noted that "the period of the year and a half of the government's life witnessed the realization and completion of a number of projects in the refining industry sector, including the North Refinery with a capacity of one hundred and fifty thousand barrels per day, the Karbala Refinery with a capacity of one hundred and forty thousand barrels per day, and the Azmara unit in each of the Refineries Company." The Central and North Refineries Company, in addition to what was achieved in the South Refineries with the completion of the fourth unit with a capacity of seventy thousand barrels per day.”

For his part, Undersecretary for Liquidation Affairs, Hamid Younis, said in his statement, “This project comes within the plans of the government and the ministry to maximize national production and improve its specifications.”

He stressed that the coming period will witness the announcement of the completion of a number of projects in the north, center and south that will add production capacities and enhance the plans of the government and the ministry in producing petroleum derivatives, including the cofactor cracking project, which is one of the promising projects that converts oil waste into white products with Euro 5 specifications and a refining card. Its capacity is 55 thousand barrels per day, which is implemented by the Japanese company “JGC”. All of these projects represent an important addition to the refining industry sector.

 

Prime Minister Muhammad Shiaa Al-Sudani also opened the steam boiler unit in the Basra Refinery, with a production capacity of 300 tons/hour, to supply the production expansions in the refinery’s units and facilities with the steam necessary for operation.


LINK

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Sudanese confirms the imminent export of gas oil, sulfur and jet fuel - urgent


6/8/2024

Prime Minister Muhammad Shiaa Al-Sudani announced today, Saturday, the imminent export of gas oil, sulfur, and aviation fuel.

A statement from his media office received by Al-Rabaa stated that “Al-Sudani inaugurated the Al-Ismara unit project for improved gasoline in the Basra refinery, during his visit to the governorate, which he arrived this morning.”

According to the statement, Al-Sudani conducted a tour of the project and was briefed on the stages of work on it, and praised the efforts of the technical personnel working in the companies of the Ministry of Oil, who are relied upon to manage these projects.

Al-Sudani pointed out “the importance of opening the Azmara unit in the refinery, and the provision it represents for the country’s need for high-octane gasoline,” stressing that these projects will stop the process of wasting wealth and put an end to the import of petroleum products, which has continued for many years, stressing that the optimal investment for oil wealth is Gas and maximizing resources are among the top priorities of the government program.”

The Prime Minister explained, "Taking a series of measures and steps to expand the production of oil derivatives, stressing that the increase in filtering and refining capacities at daily rates, with every opening of a new oil unit, makes us close to achieving self-sufficiency."

He stated, “There is a new indicator for the export of some derivatives, such as gas oil, naphtha, sulfur, and jet fuel,” stressing the continuation of this program during the period of the government’s work, and that the goal is to increase production capacity and improve product specifications. He explained that gasoline production in 2022 was ( 15) thousand cubic meters per day, while production today reached (24.8) thousand cubic meters per day.”

He continued, "The project implemented by the National Effort at the South Refineries Company in cooperation with supporting companies is one of the important projects in increasing the production of improved gasoline, with a production capacity of (11) thousand barrels per day, and it will contribute to reducing the quantities of imported gasoline, which will save more than 200 million." dollars annually.

He stated, "This project, which is considered one of the lagging projects, comes alongside a number of projects that are being implemented, to contribute to increasing the refining capacity of petroleum products, upgrading specifications, and improving quality, within the plans of the Ministry of Oil, and in harmony with the government program, to achieve self-sufficiency."


LINK

 

" It seems the banking side is all systems go" from GINGER TELEGRAM ROOM, 10 JUNE

 💢 Super helpful conversation with one of my besties. The Event 💥😁💥😇💥


💢 Sweetpea, Liberty Lounger Extraordinaire: Yes friend… Yes!! I so appreciate you! I’m very hopeful that this will be super soon but I’m in full agreement with you . And these markers really could all  go within a very short time of one another . It seems the banking  side is all systems go … now we wait on the political… and spiritual . God is doing a great thing 💥💥💥💥💥💥🎉🎉🎉🎉🎉🎉


💢 Ginger: Yes! Yes!! Yes!!! Friendly reminder -- do you recall when the Celestial Alliance explained to us that WHEN critical phase was reached, it would happen super fast. Literally - Boom, Boom, Boom 💥💥💥 - and done. 


And another reminder. Biden does NOT have to "be gone" days or weeks before the Camper Event. That tired narrative is fake news. He could honestly be taken out hours before The Event or minutes to hours immediately after. He could literally be hauled off, eliminated - or whatever their exit-stage-left excuse is gonna be WHILE y'all are making your redemption appointments. We were told to tell you - "Do Not Blink, because you might miss something! 😁😛😆" It'll happen that fast. Be ready for it. 


Hope this helps. 


💜 To learn more, listen to Chronicles of an Ambassador, Part 6. Pretty sure we covered this conversation there. 😌😉


~ Ginger of the Liberty Lounge, Ambassador for God's Abundance with the Celestial Alliance 5.11.24

MILITIAMAN: IQD Update-Iraq Dinar-Provide Hard Currency-Exit from the FATF-Restoring...

Corporate governance in Iraqi banks. Enhancing transparency and efficiency, 10 JUNE

Corporate governance in Iraqi banks. Enhancing transparency and efficiency

 Corporate governance is one of the most important factors that contribute to enhancing the performance and safety of the banking sector. By applying the principles of sound governance, banks can improve their efficiency and risk management, and enhance investor and customer confidence.

In Iraq, banks have come a long way in applying corporate governance principles, with the support of the Central Bank of Iraq and the Iraqi Deposit Insurance Company. These efforts have contributed to improving the performance of the banking sector and increasing its transparency, which reflected positively on the Iraqi economy in general.
Singapore’s experience in corporate governance in the banking sector is an example.
The Monetary Authority of Singapore (MAS) has applied a set of strict governance standards, including disclosure and transparency requirements, defining the responsibilities of the board of directors and executive management, and periodically evaluating the performance of banks.
These efforts have contributed to making Singapore a global financial centre with an excellent reputation for transparency and integrity.
In Iraq, the Iraqi Deposit Insurance Company can play a greater role in strengthening corporate governance in banks, by encouraging banks to adopt international best practices in this field, and providing training and guidance to board members and executive management.
The Iraqi Deposit Insurance Company is arguably an inspiring success story under difficult circumstances. Through its vital role in protecting depositors’ funds and promoting confidence in the banking system, so that the company contributes to building a strong and stable national economy.
As its efforts in development and innovation continue, the Iraqi Deposit Insurance Company promises to be a key pillar in achieving sustainable economic development in Iraq.

https://alforatnews.iq/news/حوكمة-الشركات-في-المصارف-العراقية-تعزيز-الشفافية-والكفاءة


Details of a meeting in Baghdad to resume the export of Kurdistan oil, 10 JUNE

Details of a meeting in Baghdad to resume the export of Kurdistan oil

The head of the Kurdistan Regional Government, Omid, revealed on Sunday morning the details of a meeting held between a delegation from the regional government and the Ministry of Oil, in the capital Baghdad, the first meeting of its kind to reach a comprehensive agreement on the resumption of export of the region’s oil through the national company “Somo”.


In a statement received by Mawazine News, Sabah said, “The delegation discussed with Oil Minister Hayan Abdul Ghani and senior officials of the ministry, the outstanding files between the governments of Erbil and Baghdad and issues of common interest.


He added that the meeting focused on the dues of oil companies operating in the region, the process of resuming the export of Kurdistan oil, the production costs and mechanisms to address these issues to reach a comprehensive and balanced agreement within the framework of the constitution and re-pumping through the Iraqi oil marketing company “Somo” as soon as possible.

https://www.mawazin.net/Details.aspx?jimare=249414


Iraqi Dinar Ali Alaq Bigger Announcement Today About IQD Rv - Dinar News...

Delegations from Baghdad, Erbil convene for talks on resuming exports via SOMO, 10 JUNE

Delegations from Baghdad, Erbil convene for talks on resuming exports via SOMO


Shafaq News/ Delegations from the Kurdistan Region and Iraq's federal oil ministry held their first meeting on Sunday to reach an agreement on resuming oil exports from the Region through the state-owned SOMO company.


Omed Sabah, the Kurdistan Regional Government (KRG) cabinet secretary, said in a statement to Shafaq News Agency that the delegation discussed outstanding issues between the Erbil and Baghdad governments, as well as matters of common interest, with Oil Minister Hayan Abdul-Ghani and senior ministry officials.


Sabah added that the meeting touched on the dues of International Oil Companies (IOC) operating in the Region, the resumption of Kurdistan oil exports, production costs, and mechanisms for addressing these issues to reach a “comprehensive and balanced agreement within the framework of the constitution”. 


The goal is to resume pumping through SOMO as soon as possible, he said.

On Saturday, a delegation from KRG and oil companies operating in Kurdistan arrived in Baghdad on an official visit at the invitation of the Iraqi Oil Ministry.

The ministry had called for a meeting "as soon as possible" on 29 May "for the purpose of… reaching an agreement to accelerate the restart of production and resume the export of oil… according to the quantities specified in the budget law."


Around 470,000 b/d of crude exports from Iraq's semi-autonomous Kurdistan Region have been absent from international markets since March 2023 when Turkiye closed the pipeline linking oil fields in northern Iraq to Ceyhan. That move followed an international tribunal ruling which said Turkiye had breached a bilateral agreement with Baghdad by allowing Kurdish crude to be exported without the federal government's consent.


Baghdad, however, is preconditioning the IOC's attendance at the Sunday meeting in Baghdad on them providing a copy of the production sharing contracts (PSCs) they have with the Kurdistan Regional Government (KRG), a source with knowledge of the matter said.

"Every IOC was invited and will make their own decision about attending," the source adds.


The IOCs have previously complained about being left out of the ongoing conversation between Erbil and Baghdad.

But this new development could further complicate the talks, especially since Baghdad considers those contracts illegal, null and void, according to a federal court ruling.

Baghdad also says it has "never seen" the IOC contracts. "The oil ministry does not have a copy of the IOCs' contracts with the KRG. We have never seen them," the oil ministry source confirmed to Argus.


Baghdad had earlier proposed a middle ground agreement that would see it amend its federal budget to allow it to pay IOCs operating in Kurdistan, in return for a compromise with the KRG and the IOCs over the recovery cost they claim for oil produced in the Kurdish region.

Prime minister Mohammed Shia al-Sudani said on 31 May his government has agreed to amend the budget law, but that the IOCs operating in Iraqi Kurdistan were refusing to amend their existing contracts with the KRG.

The Association of the Petroleum Industry of Kurdistan (Apikur), an industry body representing IOCs operating in the northern region, has denied those claims. Apikur in a statement published in May said its members would be willing to consider modifications to existing contracts provided the matter is agreed by Iraq's federal government, the KRG and the firms themselves.

TNT UPDATE, 22 DEC

TNT Fri. 20 Dec. 2024 TNT  A guy had 150 million Dinar. 50 million of it brought $28.50/Dinar. The other 100 million Dinar brought him $7.xx...