DINAR REVALUATION

Wednesday, August 14, 2024

DINAR REVALUATION : Iraq's Oil and Gas Law: Political Tug-of-War

"THE PROGRESS ON THE OIL AND GAS LAW REMANS STALLED DUE TO ONGOING POLITICAL DISAGREEMENTS" BY DINAR REVALUATION, 14 AUGUST

Parliamentary Wealth: Oil And Gas Law Stalled In Government Halls

Economy Information / Baghdad.. Deputy Chairman of the Oil, Gas and Natural Resources Committee, Nehru Rawandozi, revealed today, Wednesday, the latest developments related to the legislation of the oil and gas law according to the political agreement between Baghdad and Erbil.

Rawandozi told / Al-Maalouma / agency, "The legislation of the law was part of the political agreement paper on the basis of which the current government was formed, but the issue of its legislation still faces many differences."

He added that "the committees formed by the government have not completed their work in full, which hinders sending the draft of the oil and gas law to the Council of Representatives."

He pointed out that "there are political differences over the draft of the oil and gas law between the center, the region and the oil-producing provinces, noting that there is a government committee formed by the Prime Minister consisting of representatives of the three main components in Iraq: Shiites, Sunnis and Kurds."

He pointed out that "the committee tasked with preparing the draft law has not completed its work in full so far, which hinders sending the draft law to the Council of Representatives." LINK

ANALYSIS:

The progress on the oil and gas law in Iraq remains stalled due to ongoing political disagreements and incomplete work by the relevant committees.

According to Nehru Rawandozi, Deputy Chairman of the Oil, Gas, and Natural Resources Committee, the legislation of this law was intended to be a key part of the political agreement underpinning the current government formation.

However, the drafting and approval process faces significant hurdles.

Rawandozi highlighted that the committees responsible for preparing the draft law have not finalized their work.

This delay is attributed to political differences among various groups, including the central government, regional authorities, and oil-producing provinces.

Additionally, a government committee, which includes representatives from the Shiite, Sunni, and Kurdish communities, is struggling to resolve these differences and complete the draft.

As a result, the draft law has yet to be presented to the Council of Representatives, further impeding progress on this critical issue.

BRUCE HIGHLIGHTS, 14 AUGUST

Tues. 13 Aug. 2024 Bruce

Last night we were told we were in a 7 day window from Wed. 14 to Wed. 21

Today there was a conference call between paymasters at Wells and the CBI.

The 19 currencies on the screen were slow blinking. One currency went down (the USN) that was no longer the fed – meaning we were about to start.

The USN was part of NESARA – debt forgiveness that started Sun. 11 Aug. It is zeroing out all mortgages over a ten day process ending Sat. 10 Aug.

Credit card forgiveness will be wiped out by Sat. 31 Aug.

Farm claims began to be paid out 8 Aug. Black farmers were paid out first.

Exchanges were to start Mon. 19 Aug.

We would be notified over the weekend.

source: DINARCHRONICLES

DINAR REVALUATION : Massive Money Laundering Bust in Baghdad!

But remember Alaq is heading the CBI as a proxy director in a temporary assignment BY MNT GOAT, 14 AUGUST

DOCUMENT.. THE IRAQI JUDICIARY SETTLES THE CONTROVERSY OVER WHETHER THE GOVERNOR OF THE CENTRAL BANK SHOULD REMAIN IN HIS POSITION OR NOT

The Supreme Judicial Council in Iraq supported the State Council’s decision to refer the Central Bank Governor, Ali Al-Alaq, to retirement after reaching the legal age.

The Supreme Judicial Council said in an official document, a copy of which was received by Shafaq News Agency, that the same subject was studied by the Studies Committee in the Presidency of the Judicial Supervision Authority, and the same opinion of the State Council was reached in the two aforementioned decisions.

The House of Representatives had sent a letter to the Supreme Judicial Council inquiring about the judiciary’s opinion on the permissibility of the bank governor continuing in service after reaching the legal retirement age.

The State Council has decided the official position on whether or not the Central Bank Governor, Ali Al-Alaq, will continue in his position, confirming that he has exceeded the legal retirement age.

It was stated in correspondence between the State Council and Parliament, in response to the House of Representatives’ request to clarify the opinion of the State Council regarding the permissibility of the Governor of the Central Bank continuing in service after reaching the legal retirement age.

The State Council had explained, according to the documents, that Clause (First) of Article (103) of the Constitution stipulated that the Central Bank shall be a financially and administratively independent body whose work shall be regulated by law and which shall be accountable to the House of Representatives. Article (2) of the Central Bank Law issued pursuant to Order No. (56) of 2004 of the (dissolved) Provisional Coalition Authority stipulated that the Central Bank shall be a legal entity with full capacity and independence and subject to accountability.

He pointed out that the legislator has explicitly stipulated that retirement upon reaching the legal age is an inevitable retirement by law unless exempted by a special provision, and since there is no special provision exempting the Governor of the Central Bank from the provisions of inevitable retirement upon reaching the legal age.

The State Council confirmed that the legal principle states: “Heads of independent bodies are subject to the legal retirement age.”

(But remember Alaq is heading the CBI as a proxy director in a temporary assignment. He is not in the position as a full appointment. Will they be able to extend his assignement period and keep him for a while longer?)

LATEST FROM TEXAS SNAKE, 14 AUGUST

TEXAS SNAKE

Banker indicates many positive items are pointing to Thursday, we shall see.

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TEXAS SNAKE

AUGUST 03

love this room now, Leaves TS to be free to speak, admins never jump in cause issues and people have continued to come in and all seem to keep to the subject, truly the room has become what we all wanted it to be.

It is presently 3:10 AM in Bagdad Monday morning and additional info is coming forward over and above what was shared on the Conf Call I was included in last night. Still very encouraged about tomorrow in US as well as this coming week.

You are correct it will be Monday when the banker calls me in the morning.

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AUGUST 06

Well foiks truly wish I had something to report but with all the NDA;s being issued it is much harder to obtain anything of value.

AUGUST 07

Things are in positive motion folks hang in there, NDA's are the issue at present for status of our benefits to be realized but it is days not months

AUGUST 09

Texas Snake, [08/09/2024, 9:13:08 p. m.]:

While due to the many NDA's that those who have provided info to me has resulted in the limited info I can share we are still in a positive situation to realize our objective. Wish I could share more of the particulars but cannot risk their safety.

Gonna be an early night forme as I need tp prepare a men's breakfast for our church in the morning but will open for a bit for you folks to share anything you may have.

LATEST REPORTS OF TEXAS SNAKE:

RV UPDATE BY TEXAS SNAKE, 4 AUGUST

https://dinarevaluation.blogspot.com/2024/08/rv-update-by-texas-snake-4-august_01843290374.html

RV UPDATE BY TEXAS SNAKE, 2 AUGUST

https://dinarevaluation.blogspot.com/2024/08/rv-update-by-texas-snake-2-august.html

"WE ARE CLOSER EACH DAY" BY TEXAS SNAKE, 1 AUGUST

https://dinarevaluation.blogspot.com/2024/08/we-are-closer-each-day-by-texas-snake-1.html