Tuesday, October 29, 2024
Shadad: The oil and gas law will not see the light and the oil benefits neglect the residents of the fields, 29 OCT
A member of the Parliamentary Energy Committee, Ali Shadad, announced that the oil and gas law will not see the light because of the Kurdish position, while he stressed that the money of oil benefits go to the cities and neglects the residents of the fields.
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Shadad said, during his hosting in the program {Free Words} broadcast by Al-Furat satellite channel this evening, that: “Through our followers and our supervisory role in the performance of the Sudanese government of Mohammed Shia, we found there are successes in various sectors, including the oil sector, but in return there is a deviation in the path of the education, health, water and electricity projects, agriculture and industry sectors as a result of previous acrections.”
He added, “Many factories and factories have been opened, but their production volume is very low and differs from what was announced to reach self-sufficiency, including fertilizer and rolling projects in Basra governorate.”
Shadad said that “through our repeated hosting of officials of the oil and electricity sectors, the government stressed the lack of a five-year plan to overcome the energy crisis in the country, while the reason for the success of the electricity plan in Basra is due to the multiplicity of the use of oil derivatives in the stations.”
He continued, “The Ministry of Oil began a year and a half ago by operating refineries, conducting coupling operations and others, and now we have self-sufficiency in oil derivatives, except gasoline, and we believe that the import of gas from Iran and Turkmenistan will burden the government,” noting that “Turkmenistan gas contracted by Iraq is a complement to Iranian gas and not a substitute for it.”
Shaddad, the reason for replacing the import of gas from the UAE to Turkmenistan, was attributed to “the existence of the Iranian oil pipeline, as Iran agreed to use its gas pipeline by Turkmenistan to Iraq and was contracted to import 20 million cubic meters per day,” explaining “the origin of the contract with Iran is to equip Iraq 50 million cubic meters per day, but due to sanctions and its energy crisis, it shortened the processing process, so Iraq resorted to the supplement.”
He also stressed “Iraq’s keenness to stabilize the oil market provided that it is not less than $ 70 dollars, and if it decreases, there will be a real crisis in the state treasury that reaches the suspension of projects in the capital and the governorates and may also affect the salaries of employees,” noting that “Iraq’s sales today 70 dollars and above, so there is no financial deficit throughout the current year.”
Shadad All caused the Karbala refinery stopped “using water that is not suitable for heat exchangers and is borne by the executing company,” pointing out that “coming steps to question the director of the Central Oil Company and then hosting the General Manager of Al-Wasat Refineries and raising a number of questions and indicators that defined this subject.”
He continued, “We have laws that have exceeded the age of 50 and 60 years that expel investors, so we have seen the amendment of 5 important laws related to oil and gas that will see the light early next year and the oil and gas law that we do not see in the future and the reason is the Kurdish party, while the social benefits file was not implemented due to the policy of local governments, as it goes to the centers of cities, leaving the residents of oil fields areas suffering from diseases and lack of services.”
With regard to political affairs, specifically the knot of the four polemical laws, Shadad said, “So far, the political forces have not reached any agreement to resolve the four polemical laws, and there are ongoing attempts and meetings, and in principle, it was agreed to pass the real estate return law according to the government text without any additions, which confirmed that anyone who confiscated his real estate without compensation will be compensated at the moment.”
He added, “Deputies have a Sunni reservations about passing the real estate law that the Kurds pay; but there is no objection from any party to amending the Personal Status Law and the Sunni endowment. He is reluctant to send the draft law, while the general amnesty law has a slight difference in the definition of the word {unsent} and the government’s draft clear. I knew the absent that their names are not included in the records of the terrorist ISIS.”
Shadad concluded his dialogue with the resignation of “the resignation of Khamis Al-Khanjar from the presidency of the Sovereignty Party according to his desire to register a new party, which is covered by the Accountability and Justice Law, so he resigned and has nothing to do with the parliamentary or governmental situation.”
RECAP OF POSTS FROM ARIEL, 29 OCT
Ariel
Hot Off The Press
Money
Freedom
Sovereignty
Iraq is up next to swing. Who’s ready to cash out?
Listen, I will dedicated an entire thread for all my followers who have IQD. And you all can upload all the new things you either bought or invested in. We will have our own hashtag. #IQDRich4Eva
https://dinarevaluation.blogspot.com/2024/10/iraq-is-up-next-to-swing-by-ariel-15-oct.html
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ARIEL
Iraqi News Update 🇮🇶
Recent historical moves in Iraq's financial sector indicate a significant stride towards modernizing banking operations.
According to the latest info. Iraq is poised to complete its transition to an advanced banking system, aligning with international financial standards. This overhaul, which is approximately 95% complete, aims to conclude by the end of 2024, marking a critical moment in Iraq's economic reform.
The core of this transformation involves moving away from the wire auction system to direct correspondent banking relationships. This shift aims to not just an upgrade in operational efficiency but also aims at combating corruption and fostering transparency in financial transactions. Which will create Security & Stability in all Iraq.
You all should be jumping around your home & office at this news.
You were just told by the CBI that they only have 5% left to do and you will be able to cash in your currency.
Do you know how long people have been waiting for this news?
Can you imagine that on that day it will be your last time being broke? And you will have the opportunity to start the year off with a bang.
This comprehensive banking reform is not just about operational changes but represents a broader vision for Iraq's economic renaissance. By integrating with the global financial network more seamlessly, Iraq is setting the stage for a future where its economy is not only resilient but also a key player in regional financial dynamics.
UrgentSouth Korea begins supplying Iraq with an advanced air system in early 2025, 29 OCT
UrgentSouth Korea begins supplying Iraq with an advanced air system in early 2025
{Politics: Euphrates News} The government spokesman announced the start of supplying the air defense system from South Korea early next year.
“Korea will provide us with advanced military systems early next year,” Al-Awadi said in a televised statement on Monday evening.
He added that “the government is working to develop and strengthen air defense capabilities and has allocated billions of dollars to enhance this system and this will be achieved in a year or less.”
Al-Awadi pointed out that “the penetration of the Zionist entity into the atmosphere of Iraq to target Iran is a sinful aggression.”
Iraq contracted with a South Korean company last September to buy the ballistic air and missile defense system.
South Korea’s LG Nix One said on September 20 that it had won a deal under which it is scheduled to export the Korean-made ballistic air defense system to Iraq.
The company specializing in the manufacture of advanced weapons systems said in a notice that it had signed a deal with the Iraqi Ministry of Defense worth $2.78 billion to export the “Chiongong-2” system, also known as the South Korean air defense system “M-SAM2”.
This becomes the third country in the Middle East to buy a ballistic air and missile defense system after the UAE and Saudi Arabia.
This system is the focus of South Korea’s missile defense strategy designed to intercept future missiles and aircraft primarily for protection from North Korean threats.
The missiles and the integrated system of the M-SAM2 system are manufactured by LIG NX One, Hanhua Systems provides radar, and Hanhua Aerospace manufactures rocket launchers and vehicles.
Chiongong-2 is a medium-range surface-to-air defense system, developed based on 9M96 missile technology used in Russian missile systems.
" WE ALREADY START TRADING THE DINAR WOTH OTHER COUNTRIES" BY NADER FROM THE MID EAST, 29 OCT
Nader From The Mid East
Let me tell you something about trading the dinar -
We already start trading the dinar with other countries.
Now I can take the dinar to anywhere in the Middle East or North Africa and exchange it. In American, Canada Australia, Europe I cannot yet.
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