Iran launches project to boost oil production from shared Yadavaran field, 17 June

Iran launches project to boost oil production from shared Yadavaran field

Shafaq News / Iran has announced the commencement of a project to increase oil production from the Yadavaran oil field, which it shares with Iraq, aiming to produce an additional 42,000 barrels of oil per day with an investment of $350 million.

The field had been practically shut down since 2016, but the execution phase for drilling 24 wells in the Yadavaran field began on Friday. Contracts related to the drilling of these wells were signed at the International Oil Industry Exhibition. 

The project is divided into three contracts, with a total value of approximately $350 million.

The plan involves drilling the wells in the Fahliyan and Sarvak layers, with 12 wells designated for each layer, over a span of 24 months. This initiative aims to sustain and increase the field's daily production by 42,000 barrels.

Iranian Oil Minister Javad Owji emphasized that the ministry will not wait for foreign companies, which had executed the first phase of Yadavaran field development, and will commence the second phase using local resources starting next week.

Yadavaran is one of Iran's largest shared oil fields with neighboring countries, located 70 kilometers southwest of Ahvaz and north of Khorramshahr, in the geographical area of Kushk and Hoseiniyeh.

"THE LIST OF COUNTRIES THAT WILL JOIN BRICS" BY GOLDILOCKS, 17 JUNE

 GOLDILOCKS

Here is the list of countries that will join BRICS:

* Africa:
* Algeria;
* Morocco;
* Nigeria;
* Chad;
* Equatorial Guinea;
* Eritrea;
* Senegal;
* Zimbabwe;
* South Sudan.
* Asia:
* Azerbaijan;
* Bangladesh;
* Bahrain;
* Indonesia;
* Kazakhstan;
* Kuwait;
* Palestine;
* Pakistan;
* Syria;
* Thailand;
* Vietnam;
* Sri Lanka;
* Türkiye.
* Latin America:
*  Bolivia;
* Venezuela;
*  Honduras.

BRICS Summit October 2024
Gazeta

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Hello, World!

Figure Technology Solutions has launched Figure Connect, its blockchain-based marketplace for private credit. Outside of the qualified mortgage sector, most loan purchase agreements (LPAs) are bespoke, making them illiquid. Figure’s is promoting the use of standardized sales terms and documentation to make the market more liquid.   Ledger Insights   Figure Technology Solutions

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Bitcoin Suisse, one of the largest digital asset players in the country, has issued a digital bond via the Obligate platform. When asked for more details about the bond, Bitcoin Suisse told Ledger Insights that it is a technical prototype with a 12 month maturity, available only to qualified investors.
Ledger Insights    Bitcoin Suisse

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Marui, the large Japanese department store, issued a digital green bond in May. Not only did it use blockchain, but it was also directly issued to its customers as investors, with Securitize Japan providing the blockchain platform. Besides the digital bond, the green investment also has a blockchain angle.

It was a small digital bond issuance of just Yen 170 million ($1.1 million) with the investment available to Marui’s EPOS credit card holders. The 1% interest on the bond is partially paid in EPOS points and partly in real money.

The bond proceeds are intended to purchase a renewable energy power plant, although the small print also allows for energy-efficient building upgrades. Marui is partnering with Updater (formerly Minna Denryoku or Minden) for the renewable energy plant.

Updater has a blockchain-based platform, Enection 2.0, which tracks the source of renewable energy, allowing business buyers to pair electricity sales with energy attribute certificates (EACs) for green energy.  Ledger Insights   Marui   Enection 2.0   Digital Bond

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BIS launches Toronto Innovation Hub - Ledger Insights - blockchain for enterprise

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Testimony of Chairman Rostin Behnam Before the Subcommittee on Financial Services and General Government, Committee on Appropriations, U.S. Senate | CFTC

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✅Revaluation process Happening And Budget Done/ iqd / iraqi dinar news t...

Climate Vulnerability Assessment in the Kurdistan Region of Iraq, 17 JUNE

Climate Vulnerability Assessment in the Kurdistan Region of Iraq

The International Organization for Migration (IOM) has issued a new 18-page report titled, ‘Climate Vulnerability Assessment in the Kurdistan Region of Iraq‘.

The report featured various focuses:

Climate change and environmental degradation are presenting Iraq, including the Kurdistan Region of Iraq (KRI), with a number of challenges, including rising temperatures, shifting patterns of rainfall, severe droughts, a lack of water, and frequent sand and dust storms.
Water management policies, faulty or inefficient water infrastructure, population growth, rising water demand, and resource-intensive irrigation practices all exacerbate these issues.
There is an absence of committed information and examination explicitly for the KRI, notwithstanding its particular environment, geology, and practices contrasted with focal and southern Iraq.
The KRI’s reliance on rain-fed agriculture makes it susceptible to climate change-related shifts in rainfall patterns, putting the livelihoods of farmers, livestock farmers, and fishermen in jeopardy.
Rainfall reduction may reduce agricultural yields and herd sizes, leading to financial losses and the abandonment of some families’ livelihoods.
To address this data hole and backing information driven programming, the Global Association for Movement’s (IOM) Uprooting Following Framework (DTM) in Iraq directed a quick, multi-sectoral evaluation across 804 areas in 3 governorates, 20 locale, and 71 sub-regions in KRI.
The challenges of displacement, environmental hazards, irrigation water supply, livelihoods, coping mechanisms, and tensions and conflicts over natural resources were all covered in the assessment.

Click here to download the full report.

"IRAQ BOOTS ON THE GROUND REPORT" BY FIREFLY, 17 JUNE

 Frank26 

  [Iraq boots-on-the-ground report] 

  FIREFLY:  Gold reserves over 145 tons TV says. 

 FRANK:  No...It's not 145 tons.  It's a lot more.  They're never going to tell you the right amount...It's a heck of a lot more than that.  Notice every time they talk to you about their gold it just gets bigger and bigger.  That is because of the success that is going on with the rewriting of the contracts and the success of the monetary reform...

 FIREFLY:  My bank friend...reminded me...remember back in February of this year when Alaq came out and he talked to us on television and he said, Iraqi citizens the project to delete the zeros still exists.  He didn't say the plan is to LOP our currency.  They are two totally different things.  We are deleting zeros and adding value.  

FRANK:  I love this because it's coming from the horse's mouth, a man of authority who knows what he's talking about...

---

 FIREFLY:  They told us...due to typo errors in the printing of the budget it will be reaudited and sent back to gazette...after EID holiday...All sound little fishy to us...An Iranian proxy saying budget is under appeal but we see nothing official of that...We trust it is going to be in gazette after EID holiday...

  FRANK: They know what you are about to receive - your purchasing power.  They know it's going to be extremely difficult for them to steal this value, this currency, so in the last nanosecond, just before Sudani and Alaq present the new exchange rate and the lower notes to you they do everything possible to prevent you from receiving your blessing...

https://dinarevaluation.blogspot.com/2024/06/iraq-boots-on-ground-report-by-firefly_0922640454.html

Iraqi Dinar | Hidden Potential: Iraq's ATMs Could Spark a Dinar Revoluti...

Stability of dollar exchange rates in Iraq, 17 JUNE

 Stability of dollar exchange rates in Iraq

After the main stock exchanges in  Baghdad and Erbil stopped trading because of the Eid al-Adha holiday, the dollar exchange rates stabilized on Sunday.

The selling price of a dollar in the local markets in  Baghdad, some of which opened today, reached 148,000 Iraqi dinars, while the purchasing price of a dollar reached 146,000 dinars for every 100 US dollars. This stability was observed in the dollar prices.

The really financial exchanges in Baghdad and the Kurdistan area will stay shut for the rest of the Eid occasion.”/