MAJEED 
Senior US treasury official travel to Iraq today to counter illicit finance
And the budget will be passed Sunday
LFGGGG
Thursday, January 30, 2025
British website: New oil agreements reveal a growing Western influence in Iraq, 30 JAN
British website: New oil agreements reveal a growing Western influence in Iraq
Information / Translation …
A report by the British oil Price website specializing in oil and energy affairs revealed on Wednesday that Iraq’s recent signing of several agreements with Western oil companies reveals an increase, albeit noticeable, of Western influence in Iraq.
“The growing number of deals between the West and Iraq highlights Western’s growing involvement in Iraq’s vital energy sector, and in this process, the United States and its main allies China and Russia have proven that they are capable of winning while working on two conflicts at the same time – the war of Russia and Ukraine, the war of Israel and Hamas, and it seems very likely that they can do the same in three countries if necessary, especially if the third country focuses on Taiwan,” the report said.
He added that “on January 16 alone, it witnessed the signing of many new agreements for British companies, followed by the visit of Iraqi Prime Minister Mohammed Al-Sudani to London, where he met with Shell CEO Wael Sawan to discuss opportunities to expand cooperation between Iraq and the energy giant company. Sawan confirmed Shell’s readiness to increase its investments in Iraq, especially in the gas sector, where it is a key player in it through its role in Basra Gas Company.”
He added that “the demonstration of Western soft power also appeared in the signing of a memorandum of understanding between the School of Oriental and African Studies at the University of London and the Iraqi College of Al-Mamoun, focusing on educational cooperation and the exchange of academic missions. One day later, the United States came in turn, as the Iraqi government agreed to the terms of the agreement with Halliburton Company to develop the Nahr Bin Omar and Sinbad oil fields.
“This is the tip of the iceberg where Chevron, ExxonMobil, ICOM and Bectel have all been nominated for bids for projects in Iraq with contracts worth more than $60 billion,” a senior source in the EU’s energy sector said.
According to industry figures, Chinese companies now manage more than a third of Iraq’s proven oil and gas reserves and more than two-thirds of its current production, so it is not surprising that the United States and its allies have since desperately sought to reverse this geopolitical trend,” the report said. Over / 25 Z
AJ: Non-Oil Revenue -- the government is working to diversify revenues and implement strategic projects, 🇮🇶 sulfur and phosphate production!!, 30 JAN
AJ
Non-Oil Revenue -- the government is working to diversify revenues and implement strategic projects,
sulfur and phosphate production
Prime Minister Mohammed Shia Al-Sudani chairs a meeting dedicated to discussing the development of sulfur and phosphate production, in the presence of; Deputy Prime Minister and Minister of Oil, Minister of Finance, Minister of Industry and Minerals, Governor of the Central Bank, and a number of advisors and general managers.
Mr. Al-Sudani directed to work on the optimal investment of this wealth, which falls within the economic security of the country, and whose investment has been suspended for decades.
He also appreciated the efforts of holding this meeting to unify visions and ideas to maximize the state’s revenues, indicating that the government is working to diversify revenues and implement strategic projects to support development in various fields and sectors. During the meeting, it was decided to form a committee headed by the Prime Minister’s Advisor for Energy Affairs, and including the technical undersecretaries of the Ministries of Oil and Industry and Minerals,
as well as the Legal Department of the General Secretariat of the Council of Ministers, and general managers from the Ministries of Industry and Oil, to submit a report within one month on the vision for achieving optimal investment in sulfur of the associated, mining, and phosphate types.
Expert warns of exchange rate change: wrong step bigger than last amendment, 30 JAN
Expert warns of exchange rate change: wrong step bigger than last amendment
The economic expert, Abdul Rahman Al-Mashadani, warned against changing the official exchange rate and returning it to 145 thousand dinars per 100 dollars.
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“There is talk about the idea of changing the official exchange rate and returning it to 145 thousand dinars for every 100 dollars,” Al-Mashhadani said, warning that “this measure will be the biggest mistake of the last amendment.”
He stressed that “the dollar exchange rates in the parallel market have stabilized for a long time at the threshold of 151 thousand dinars per 100 dollars,” pointing out that “this difference has nothing to do with the budget tables for 2025, as it will not differ much from the 2024 budget.”
Al-Mashhadani pointed to “a desire to stabilize the price of a barrel of oil at $60 with a trend to reduce investment expenditures, due to the large and continuous fiscal deficit in the budget,” adding that “the gap between the dollar in the parallel market and the official price will remain the same.”
He explained that “dollar exchange rates will not stabilize due to a gap in demand, as Iranian goods constitute a large part of the market, and imports continue at a rate of 25 to 35 million dollars per month, with the financing of these funds from the parallel market instead of central bank transfers.”
The economist concluded by stressing that “the exchange rate between the parallel and official market will continue unless trade is regulated and entered in the central bank’s remittances.”
Ragheed
TIDBIT FROM FRANK26, 30 JAN
Frank26
If you were the board of BP [British Petroleum] and you were about to sign a massive oil deal with Iraq...Are you seriously going to sign it at 1310?
You've never signed it before. Show me something you've signed in the last 20-30 years with Iraq's Oil Company. No they got their own oil company don't they. BP, why out of nowhere?
...On the 1st of February?...If we go past February the 1st and BP sill hasn't signed it, what does that tell you? There's a new exchange rate and they're waiting for it. If the new exchange rate comes out before February 1st, yeah they'll sign!
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