Monday, January 27, 2025
Iraq's Oil Exports To America Rise During The Week, 27 JAN
Iraq's Oil Exports To America Rise During The Week
Energy Economy News – Baghdad The US Energy Information Administration announced today, Sunday, that Iraq's oil exports to America increased during the past week.
The administration stated, in a table reviewed by "Al-Eqtisad News", that "the average US imports of crude oil during the past week from 9 major countries amounted to 6.064 million barrels per day, an increase of 109 thousand barrels per day from the previous week, which amounted to 5.964 million barrels per day."
She added that "Iraq's oil exports to America amounted to 218 thousand barrels per day last week, an increase of 66 thousand barrels per day from the previous week, which amounted to 152 thousand barrels per day.
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The administration indicated that "the largest oil revenues for America during the past week came from Canada at a rate of 4.329 million barrels per day, followed by Venezuela at an average of 416 thousand barrels per day, then Colombia at 286 thousand barrels per day, and Saudi Arabia at 256 thousand barrels per day."
According to the table, "the amount of US crude oil imports from Mexico amounted to 244 thousand barrels per day, from Nigeria 156 thousand barrels per day, from Brazil 138 thousand barrels per day, and from Libya 30 thousand barrels per day." https://economy-news.net/content.php?id=52286
Al-Sudani: Economic Reforms Have Raised The Level Of Foreign Investments In Iraq, 27 JAN
Al-Sudani: Economic Reforms Have Raised The Level Of Foreign Investments In Iraq
Political | 01/26/2025 Mawazine News – Baghdad Prime Minister Mohammed Shia'a confirmed, on Sunday, that the government has made significant progress in various aspects of economic reform and digital commercial and banking transformation, noting that economic reforms have been able to raise the level of foreign investment in Iraq.
The Prime Minister's media office said in a statement received by "Mawazine News": "Prime Minister Mohammed Shia'a al-Sudani received the Chairman of the US-Iraq Business Council, Vice President of the US Chamber of Commerce Steve Lotus."
He added, "The meeting witnessed a review of trade and cooperation relations between Iraq and the United States, and efforts to prepare for the US Companies Representatives Forum, which will be held in Iraq during this year, as well as following up on the implementation of 18 agreements and memoranda of understanding, which were signed during His Excellency's visit to the United States last year.
" Al-Sudani praised - according to the statement - "Lotus's efforts in sponsoring and holding forums and meetings, especially with the Iraqi private sector," stressing that "the government has made significant progress in various aspects of economic reform and digital commercial and banking transformation," pointing to the continuation of efforts to legislate the intellectual property law and introduce this concept into school curricula; In order to keep pace with global trade development.
Al-Sudani explained that “economic reforms have raised the level of foreign investment in Iraq, and that American companies are invited to participate in the development renaissance that Iraq is witnessing, and the attractive and business-friendly investment environment.”
For his part, Lotus praised - according to the statement - “the efforts of the Iraqi government in the field of reform, stressing the desire of many American companies to enter the Iraqi market, and to establish promising partnerships with the Iraqi private sector, and to contribute to development and expand the scope of commercial and investment activities.” https://www.mawazin.net/Details.aspx?jimare=259048
TIDBIT FROM MILITIAMAN, 27 JAN
Militia Man
This article is March 14, 2023...It says time to get back to the previous era. What are they talking about? What was the value of Iraq's dinar in the previous era?
In 1987...the price of 1 dinar was $3.30...I'm not saying a date or rate. I'm just...giving you an example of what they were like in a previous era...
They told us 'the glory days', 'the previous era'. Remember what al-Sudani said? He didn't say a time specific about when the dinar was going to be stronger than the dollar, he just said that it was and he told his citizens to be careful...It's all coming full circle
In Iraq they're going to be using the dinar that's all there is to it.
If they change the value of their currency it's likely they're going to be using the dinar because it's going to be a strong currency and it's relatively likely to lead to a basket of currencies just like everybody else is relative to a basket of currencies in some shape or form.
Yes, I've been very very enthusiastic about the dinar...Everybody that's been in the last two years should easily see the evidence that shows Iraq is actually following through with what they're doing and that's the digital transformation and that has a component in it and one is their future currency. I'm very excited about it. What we had two years ago doesn't even compare to what we have today...
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