The Trade Bank of Iraq (TBI) announced today, Saturday, a plan to open a number of new branches. , 25 NOV

 The Trade Bank of Iraq (TBI) announced today, Saturday, a plan to open a number of new branches. 

The media advisor of the Trade Bank of Iraq (TBI), Aqeel Al-Shuwaili, said that “the plan included opening an office for the bank in SOMO Oil Marketing Company in Rusafa and a cash deposit office in Karkh in the Red Crescent Society in Al-Mansour area, as well as opening a branch in Karkh in 14 Ramadan Street, in addition to opening a branch in Karkh in Al-Saydiyah area, in addition to opening a branch in the governorate center in Samawah in Al-Baraka Mall.

The statement indicated that “the plan also included preparing to open other new branches, namely the Ziona branch in Rusafa, the Tikrit branch in Salah al-Din Governorate, a branch in Basra Governorate, and the Diwaniyah branch in Qadisiyah Governorate.”  link

AWAKE IN 3D : Why Tokenized Gold Is the Key to Currency Revaluation Success, 25 NOV

 AWAKE IN 3D : Why Tokenized Gold Is the Key to Currency Revaluation Success

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FIREFLY: ECONOMIST ON TV ARE EXPLAININ THE PROCESS OF THE RV AND THAT THE PLANS OF RV IS DONE!!

 

Koger: The budget schedules have not reached us yet, and we will start the sessions as soon as they arrive., 25 NOV

Koger: The budget schedules have not reached us yet, and we will start the sessions as soon as they arrive.

Jamal Kojer, a member of the Parliamentary Finance Committee, explained today, Saturday, that the budget schedules have not reached the Finance Committee yet, and we have not been informed of the date of sending them to the House of Representatives.

Kocher added in his statement to {Euphrates News} Agency, "Once the schedules reach the committee, they will be announced and the sessions for the first reading will begin if they include texts. If the schedules are devoid of texts, the committee will begin reading the schedules only."

He stressed that "the committee will work to prevent tampering with the schedules, as happened previously."  link

EXCERPTS FROM MARKZ, 25 NOV

 EXCERPTS FROM MARKZ

MZ: A couple of group leaders are sounding off and saying they expect things by Thanksgiving and that we will have an exceptionally great week. I am hopeful they are accurate. 

MZ: Most of my contacts expect a phenomenal Thanksgiving (or before) 

REINALDO JC: 🚨Iraq HCL Done & Completed!!! @DINARREVALUATION

 

PM Al-Sudani orders operation of Karbala Oil Refinery by 2025, 24 NOV

PM Al-Sudani orders operation of Karbala Oil Refinery by 2025

Shafaq News/ On Sunday, Iraqi Prime Minister Mohammed Shia Al-Sudani directed the commencement of operations at the Karbala Oil Refinery starting in early 2025.

This directive was issued during a special meeting he chaired to review and discuss the continuation of operations at the refinery, according to a statement from the PM's media office.

“The meeting addressed the handover and operational mechanisms for the Karbala Oil Refinery following the completion of construction by the Korean company JV. Discussions emphasized ensuring the refinery operates at full capacity. The refinery is expected to contribute 17% of Iraq’s domestic production of oil derivatives,” as per the statement.

The Prime Minister also directed the formation of “a committee within the Ministry of Oil to establish an operational framework for the refinery starting next year. He emphasized the strategic importance of the project, noting that it is the first refinery in Iraq to utilize modern technologies. ”

The Karbala Oil Refinery has been undergoing intensive maintenance work, which has rendered it out of service since September 25. The refinery has an estimated production capacity of around 150,000 bpd.

Iraq aims to increase its crude oil production and direct a significant portion of this production to refining facilities, which are currently being upgraded to boost their capacities, aiming to achieve self-sufficiency in gasoline as soon as possible.

Iraq plans to raise its crude oil refining capacity to 1.14 million bpd by adding new units to existing refineries. The country announced the opening of the Karbala Oil Refinery with a production capacity of up to 150,000 bpd in April 2023.

In June 2024, the Iraqi Ministry of Oil confirmed its full commitment to compensating for any surplus in production since the beginning of 2024. This comes after secondary sources estimated that Baghdad exceeded its assigned quota by approximately 203,000 barrels in May.