Karbala Refinery Shutdown For Maintenance Cuts 40% Of Kerosene Supply, 21 OCT

 Karbala Refinery Shutdown For Maintenance Cuts 40% Of Kerosene Supply

Policy  2024-10-20   1,414 views   Sumerian News – Local  Confirmed Committee Oil and Gas Parliamentary Committee, today, Sunday, to stop Filtered Karbala Its maintenance led to a 40% cut in kerosene fuel supplies. Iraq.

A member said Committee Oil, Gas and Natural Resources in the Council Representatives Thank you very much, "Musfa"KarbalaIt witnessed a halt in maintenance work, which led to a 40 percent cut in the supply of kerosene, which is necessary for the operation of power plants. Electricity And electric generators, as well as operating several types of vehicles.

Al-Mashkoor stressed that “the government was forced to compensate for the shortage of kerosene and divert the available amount to power generation stations. ”electricity Considering it the most important in terms of serving citizens, stressing “the return of a large part of it, equipping fuel stations, and restoring things to their former state,” according to the newspaper. the morning Governmental.  LINK

TIDBITS FROM FNU LNU, 21 OCT

 Fnu Lnu

   Everything our attorneys and ancillary folks have told me has all been accurate so far.  Nothing has changed in all these years.

Fnu Lnu  

[Reference Guru Bruce post 10-14-2024 below.]

   Reminder...Redemption centers ARE BANKS. 

 They are bank offices designed to be off premises for the purpose of validating and verifying the IQD and accrediting your bank account with the exchange amount deposit. They are banks and you WILL NOT get better rates at a BANK EXCHANGE CENTER.  

  It is AGAINST the LAW to sell a financial instrument for different prices at different places. It is called "THE RULE OF ONE PRICE"...There are laws and they will be followed.

https://dinarevaluation.blogspot.com/2024/10/redemption-centers-are-banks-by-fnu-lnu.html

MILITIAMAN: THE PROGRESS IN ECONOMIC REFORMS FOR BOOST THE VALUE OF THE ...

Economist reveals the value of oil derivatives smuggled from Kurdistan to Türkiye, 21 OCT

 Today, Sunday, economic expert Rashid Al-Saadi revealed that the smuggling of large quantities of oil derivatives from the Kurdistan Region to Türkiye resulted in losses for Iraq totaling one billion and 500 million dollars.

Al-Saadi said in an explanation to , “The Oil Showcasing Organization (SOMO) forced a monetary fine on Turkey as remuneration to be paid to Iraq for the worth of the oil carried from the Kurdistan Locale to Turkey, adding up to one billion and 500 million bucks, yet Turkey is as yet postponing the most common way of paying the monetary sums due on it because of getting taken oil shipments from Iraq.”

“Imposing financial compensation on Türkiye came against the backdrop of the suspension of oil exports from Iraq to Ceyhan,” he added.

“Despite the fact that oil exports to Turkey are officially halted by the State Oil Marketing Company (SOMO),” Al-Saadi continued, “the halt in Iraqi oil exports to Turkey via the port of Ceyhan has revived the smuggling of oil derivatives from the Kurdistan Region to Turkey.”

“The smuggling of oil derivatives from the Kurdistan Region to Türkiye is large and has had a significant impact on Iraq’s oil imports,” he said.

TIDBIT FROM MARKZ, 21 OCT

MarkZ  

 [via PDK] 

  “Financial Advisor: Increasing iraq’s share in the International Monetary Fund is a step to enhance the stability of the dinar” 

  This is a big piece and now we are starting to feel that effect. 

It is increasing the stability and the prominence of Iraq.

 The dinar is becoming a “Special Drawing Rights “ (SDR) Currency …and recognized worldwide.

FIREFLY: "BUT THE GRAND PRIZE WILL NOT HAPPEN UNTIL THE END OF THE YEAR"...

Iraq, Turkmenistan sign gas agreement. 21 OCT

 Iraq, Turkmenistan sign gas agreement

The Service of Power in Iraq said on Saturday that it consented to an arrangement with Turkmenistan to supply up to 20 million cubic meters of gas each day to Iraq.

In a statement, the Iraqi ministry said that a Swiss company will use a swap mechanism to get gas from Turkmenistan to Iraq through the Iranian pipeline network.

According to Ziyad Ali Fadel, the Iraqi Minister of Electricity, the agreement will assist in ensuring that gas-fired power plants in Iraq receive the required fuel.

Fadel claims that gas-fired power plants in Iraq generate approximately 60% of the nation’s electricity.

Due to a lack of fuel for power plants, Iraq has a shortage of electricity, forcing the government to diversify its energy sources, increase gas imports, and invest in local gas production projects to reduce its reliance on Iranian suppliers.

The representative for the Oil, Gas, and Normal Assets Parliamentary Board of trustees, Ali Shaddad, uncovered last week that the Iraqi Power Service will before long go into a concurrence with Kazakhstan to supply Iraq with up to 20 million cubic meters of gas.

According to the Ministry of Electricity, Iraq and Turkmenistan signed a memorandum of understanding last year to import the gas it needs to run its power plants. The Ministry of Electricity said that this step requires additional negotiations about how gas is transported through Iran.

One third of Iraq’s energy requirements are met by gas imports from Iran, which are used by power plants. Within a period of five years, the agreement will enable Turkmen gas to be delivered via Iran to Iraq.

According to reports, all of the steps required for Iraq to begin importing gas from Turkmenistan in January 2024 were completed.