As the region continues to steal oil...the oil and gas law is in the parliament's drawers
The draft oil and gas law is one of the most controversial issues between the political blocs and the Kurdish national component.
The Kurds continue to steal Iraqi oil and sell it on the black market for half its market value, which is a huge waste of the country's financial resources.
Independent politician Adnan Abdullah confirmed on Thursday that oil smuggled from the Kurdistan region is sold for less than half its value.
Abdullah told Al-Maalouma, “The region smuggles about 300,000 barrels per day, and this is no secret and the government and all political forces know about it.”
He added, "The smuggled oil is sold for less than half its value, which is what drives some brokers in neighboring countries to deal with the smuggling file due to the large profits, noting that" mutual interests with some forces in Baghdad push for not opening this sensitive file."
He pointed out that "oil smuggling is illegal and represents a drain on the national wealth that everyone must preserve and its management must be federal."
It is noteworthy that oil smuggling operations from the Kurdistan Region have been ongoing for years by some of the ruling parties in the region.
Despite the government's moves to end the violations of the region's oil exports by passing the Oil and Gas Law, the obstacle of the Kurdish parties is what is pushing to suspend the law by objecting to the paragraphs and articles of the law that will end the region's Violations in the operations of extracting and exporting oil through the Turkish port of Ceyhan.
The continuous objection and the placing of obstacles are due to preventing the approval of the law that may end the theft of contracts with foreign extraction companies in which the Barzani government is a major partner, in addition to ending the seizure of oil revenues and the positions They control as a result of exporting independently of the central government and the national SOMO company.
The Kurdish objection is centered on the paragraph of the control of the National Marketing Company (SOMO) over the operations of extracting, exporting and selling oil and gas.
Legal experts confirmed that all the articles that the Kurdish parties object to are not legal and constitutional, but rather in order to continue seizing the country's wealth.
The sources indicate that the Kurdish parties exploit the weakness of the governments in order to obtain high percentages of money, oil and gas revenues, and the approval of the law will end all these operations.
This is one of the reasons for not passing the oil and gas law from the House of Representatives, due to the major political differences that will keep the law in the drawers of the House of Representatives.
Member of the committee, MP Mohammed Anouz, ruled out today, Thursday, the ability of the political blocs to pass the oil and gas law and some other controversial laws.
Anouz told the / Al-Maalouma / agency, “The legal committee has a number of controversial laws that cannot be passed due to the political differences over them.”
He added, "There are laws that cannot see the light during this session due to the deep differences, most notably the oil and gas law that has not been decided for four previous parliamentary sessions." He confirmed that the law will be postponed to the next session in the hope that it will find consensus on it. link
[Iraq former government/UN employee friend Imad from Basra update]
Question: "The Untied States, do they have anything to do with the Iraq currency?"
Of course, yes, they control it. They have some interest between the two countries.
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Nader From The Mid East
[Iraq former government/UN employee friend Imad from Basra update]
Question: "Will the three zeros be deleted?"
Yes sir, they will be deleted soon...realistic it's not going to happen next week or next month. It's not...you have to hang on and wait a little bit.
NADER: I say from here to December...Is it going to happen before the election?
IMAD: No. Let's wait and see. NO...It's not in the near future...To move these three zeros takes a lot of work...corruption...a lot of things have to straighten up a little bit.
Iraq has been facing significant economic challenges in recent years, including a heavy reliance on oil exports, corruption, and a lack of economic diversification. However, the country has been working to implement economic reforms to address these challenges and promote sustainable economic growth.
Economic Reforms
The Iraqi government has introduced several economic reforms aimed at promoting economic growth and reducing the country's reliance on oil exports. These reforms include: Diversification of the economy: The government has been working to diversify the economy by promoting the development of non-oil sectors such as agriculture, manufacturing, and tourism.
Privatization: The government has been working to privatize state-owned enterprises to increase efficiency and attract foreign investment.
Investment promotion: The government has been working to promote investment in the country by offering incentives such as tax breaks and investment guarantees.
Trade liberalization: The government has been working to liberalize trade by reducing tariffs and other trade barriers.
Challenges
Despite these efforts, Iraq still faces significant challenges in implementing economic reforms. These challenges include:Corruption: Corruption remains a significant challenge in Iraq, and it can hinder the implementation of economic reforms.
Security concerns: Security concerns, particularly in the north of the country, can also hinder the implementation of economic reforms. Lack of infrastructure: Iraq's infrastructure, including its roads, bridges, and ports, is in need of significant investment to support economic growth.
Conclusion
In conclusion, Iraq has been working to implement economic reforms to promote sustainable economic growth and reduce the country's reliance on oil exports. However, the country still faces significant challenges in implementing these reforms, including corruption, security concerns, and a lack of infrastructure. Addressing these challenges will be critical to the success of Iraq's economic reforms.
[via WiserNow] ...from the latest info that we received last night was that that we are in basically a seven day window...we got it last night that said Wednesday to Wednesday...we've also heard from another call...that was with the financial advisors, bankers and so on, that there was a consensus...that we would be notified over the weekend and then start exchanges on Monday. So the 19th...Let’s Hope that is true... This thing is right here, right there, where we can go anytime, yes, and we'll see if the Wednesday window holds up, or if we get surprised, and maybe it goes soon...
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Bruce’s Big Call Dinar Intel Tuesday Night 8-13-24 REPLAY LINK Intel Begins 1:14:14
Music, welcome everybody the big call. It is Tuesday, August the 13th, and you're listening to the big call. Thanks everybody out there in big call universe for tuning in, whether you're local inside the US or whether you're outside the continental US and on international soils. We welcome you and appreciate you, and thank you for coming in and listening
Let's talk now. Thank you Bob, by the way, thank you Bob so much. That was great. Let's talk about, yeah, let's talk about the Intel. Let's see where we are now, guys, I know that my Intel has not been exactly accurate, because it changes every time you think we're there, you get something else that says we're not. And I'm sorry, because I hate bringing it out intel this not accurate or doesn't come to pass.
So I know this is a moving target. I know that things tend to change, but hopefully, one of these days, we'll get it right and we'll all be exchanging and we'll be happy.
So from the latest info that we received last night was that that we are in basically a seven day window, and boy, I hear that. I go, Oh my gosh, that's too, long a window, too big. I don't want to be in a seven day window. And this is from CW, and we got it last night that said Wednesday to Wednesday.
We should get notified - and start exchanging that's tomorrow, through which when it's tomorrow, 14th to the 21st in that range, we should be getting our numbers and getting exchanges started.
Well, today, there was a conference call between some of the pay masters, some of the higher up people at wells with the Central Bank of Iraq, the CBI, and this call was supposed to go two and a half hours, and it went five and a half hours, so it was long, and they were talking about techniques and exchange protocols for the banks.
Now I don't know if it affected redemption centers, is that specifically the banks will let it sit at that. They were referring to our banks here in the US, not banks in Iraq. So what's happened? What's to bring you up to speed --
What's happened recently is the currencies, the 19 currencies that were coming up on the screen at redemption centers and at banks were coming up with either partial meeting six currencies and then 12 of the 19. We finally got all 19 to come up, but then they were coming up with a slow blinking mode.
That's okay. They could make out the currencies, they could make out the rates, but they were blinking slowly, and that was as of yesterday. Now, the weird thing is that even though that was going on, one of the currencies dropped out. So instead of 19, we're seeing 18 currencies on the screens.
Anybody guess which currency was not was no longer on the screen? That’s right - our currency, the US N, The USD had gone away and the USN and replaced it, but the US N was off the screen temporarily. Now, why would that be? Would it be that they're getting ready to introduce the USN, or United States node, or United States new however you want to look at it, then it's referring to the United States Treasury note that is no longer a Federal Reserve note because the Fed is dead and the remnant revenue says absorbed into US Treasury a while back. Same thing's true with the IRS. It was absorbed the rent of it was absorbed into the US Treasury.
So what that is saying is that the USN would need to go back up on the screen and would need to have a rate attached to it, and we believe that once that occurs, that's a pretty good indicator that we're about ready to start
Now, I think that the USN, if I remember right, is part of NESARA. Okay, let's talk about, I know I'm kinda bouncing around here, but stay with me. What else is part of NESARA? That's right, debt forgiveness. Let's talk about that. It actually started Sunday afternoon, Sunday the 11th of August, okay?
And so it started with, you guys haven't heard me say this yet, because I got this between the last call and tonight. It started with, or it is starting with zeroing out of all mortgages - Oh, I'm hearing some amens out there.
I'm hearing some hallelujahs, because our mortgages are supposed to be zeroed out over a 10 day process that, if my math is right and you count the days out, the 11th, which is Sunday, should it should be terminated? by around - By around the 20th of this month,
We don't know if that means we're going to get our letters by then from our lending institutions, or the letters will follow this 10 day period - that I don't know yet - probably find out after the call, but there's a 10 day period of debt forgiveness when mortgages will be zeroed out.
Now, there may be some stipulations to that that might prevent the very newest mortgage, but I don't even know that. I don't even know. Let's just go with mortgages will be zeroed out. That's a big help.
Now, what else, as far as debt forgiveness, did I hear somebody say, credit cards? Right, right You are Andrew. That starts around the 21st through the 31st which is the last day of August. That means all credit card debt will be wiped out. That's amazing. And don't everybody go and load up your credit cards right now. Don't even think about it.
But that is a real welcome thing. Those two things, that's mortgages and credit cards will be wiped out and zeroed out by the by the end of August, which is August 31 so that's going to be a real bonus for us. That's a huge, huge part of debt forgiveness for NESARA, kicking in and taking effect.
Now, we haven't heard of any debt forgiveness coming out yet. We don't have any evidence of it yet - at this time, but stay tuned , maybe I will get some of that. We know Farm claims started being paid out somewhere around the eighth of August, I believe.
And we've got, I mentioned on last Thursday’s call , so that we had proof of three farmers that were paid. The first one was 360,000 not 300,000 but 360,000 The second was 410,000 and the third one we heard was 525,000 - and these are farm claims to the farmers, and we understood that the black farmers were paid out first. Okay, so that's what we've heard.
And of course, I can't prove that right now, but that's what we've heard happened, which is great news.
Now let's go beyond that. I've given you a window. As we come back to the RV, I've given you a window of Wednesday to Wednesday by CW. Now what's interesting about that is we're hearing some things that are putting our day for exchanges to start Monday, the 19th, this coming Monday.
Now we've also heard from another call tonight that was with the financial advisors, bankers and so on, that there was a consensus on this call that we would be notified over the weekend and then start exchanges on Monday. So the 19th is Monday. It is halfway between kind of plus or minus between Wednesday and Wednesday, and it's very possible that that's what we end up with.
A few other people were saying we should get notified today and start tomorrow. I had that from a source that was speaking to a US Treasury source in Europe, and that's what they said, that we would get notified today and start exchanges tomorrow, but I don't know that we say that that's the case. I don't think that's happening somehow that did not occur.
So even my own Intel is slightly conflicted, but the consensus is looking for us getting notified this weekend and then exchanging on Monday. Let’s Hope that is true.
Let's hope that is exactly what's happening. And you guys have the the debt forgiveness portion, which is was started Sunday and goes through the end of the month with credit card debts being wiped out.
I think those two aspects mortgages, home mortgages and credit card debt is a lot - that is an answer to prayer, and that is wonderful to see that taking place.
Now. I think our USN is part of NESARA. I don't know if they'll announce it. I'm being told they won't. Bothers me. I would like to have it announced added asset backed and or gold backed currency, because it is and we're gonna have our US, TN, United States, trade notes and are in the banks. They're in the redemption centers. We're supposed to get some of it - when we go in for our appointments to exchange.
So that's been in place for a long time, I'm going to say months, and possibly over a year. Now that money, the new printed currency that we have are holding money that go down our wallets versus is already in place. So that's good. What else is going on? You know, guys, I think that's the majority of it.
So let's do this. Think I've loaded you guys up with good intel I think that's all I need to tell you guys tonight. This thing is right here, right there, where we can go anytime, yes, and we'll see if the Wednesday window holds up, or if we get surprised, and maybe it goes soon, but really, Wednesdays as soon as we'll get anything right now. So let's do this. Let's go ahead and pray the call out right now,
The World Trade Organization (WTO) accession of Iraq has been a long-standing process, with the country first applying for membership in 2004. After a 16-year hiatus, Iraq resumed its accession talks in 2024, with the aim of becoming a full-fledged member of the WTO.
Background
Iraq's accession process was put on hold due to various challenges, including the country's dual customs regime, which had different tariff rates in Federal Iraq and the Kurdistan Region of Iraq (KRI). This dual system created complications for trade and challenges in ensuring a transparent and predictable business environment.
Recent Developments
In 2024, Iraq made significant progress in its accession process. The country harmonized its customs regimes, aligning tariff rates and customs procedures across all regions. This was a key requirement for WTO membership, and the harmonization was achieved with the support of the International Trade Centre (ITC) and the European Union.
Current Status
Iraq has resumed its accession talks with the WTO, with the aim of becoming a full-fledged member. The country has made significant progress in recent years, including the harmonization of its customs regimes and the implementation of consistent policies nationwide.
ChallengesAhea
Despite the progress made, Iraq still faces challenges in its accession process. The country needs to continue to implement consistent policies nationwide, including aligning tariff rates and customs procedures across all regions. Additionally, Iraq needs to address issues related to intellectual property rights and trade facilitation.
Conclusion
Iraq's accession to the WTO is an important step towards the country's economic development and integration into the global economy. While challenges remain, the progress made in recent years is a positive sign, and the country is moving closer to becoming a full-fledged member of the WTO.
