Monday, February 3, 2025
IMPORTANT IRAQ NEWS: ENERGY EXPERT CALLS FOR IRAQ TO BE FREED FROM OPEC DEAL AS OIL PRICES FALL, 3 FEB
ENERGY EXPERT CALLS FOR IRAQ TO BE FREED FROM OPEC DEAL AS OIL PRICES FALL
Energy expert, Nabil Al Marsomi, called for Iraq to be freed from the OPEC agreement with the decline in oil prices.
Al-Marsoumi said, during his appearance on the {Free Talk} program broadcast by Al-Furat satellite channel this evening, that: “Iraq is still suffering from a single income, as 89% of its revenues depend on oil, despite achieving partial development in non-oil revenues that amounted to 14 trillion dinars until last October,” noting that “these revenues are insufficient and still ineffective.”
Al-Marsoumi explained that “oil remains the main driver of the Iraqi economy, and that economic reforms are slow and ineffective in the general budget, which needs to be restructured by reducing and rationalizing spending.”
He pointed out that “liberating Iraq from OPEC Plus restrictions could add 650,000 barrels per day to production, which could compensate for part of the decline in oil prices,” warning of “the decline in cash reserves in the Central Bank of Iraq, which could affect the exchange rate of the dinar.”
Al-Marsoumi believes that “Iraq is facing developments in the global oil market in 2025 that may be negative, which necessitates strengthening the position of the oil sector as a starting point for economic reform, and that economic development depends on reviving the private investment sector.”
Regarding 2024, Al-Marsoumi stated that “the average price of a barrel of oil sold was $74, and despite that, the budget witnessed an actual deficit of 19 trillion dinars, most of which was covered by internal borrowing that amounted to 13 trillion dinars, bringing the total internal debt to 83 trillion dinars at the end of December.
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He added that “current shale oil production has a low extraction cost of $27 per barrel, which allows a wide margin for oil prices to move,” expecting that “prices will drop to $55 per barrel, which will put Iraq in front of difficult choices, and it may be forced to reduce the value of the Iraqi dinar if prices reach $60 per barrel.”
He also pointed out that “the Federal Court’s decision regarding the region’s oil will have a positive impact on government revenues, and the region’s current contracts with foreign companies are not a partnership but rather a participation, where foreign companies bear the financing and risks in exchange for 40% of the oil to cover the cost,” calling for “joint management of the oil fields between the region and the federal government as an optimal solution.”
Regarding the future of the relationship between the region and the center, Al-Marsoumi stressed that “all the problems between them will end with the approval of the oil and gas law, but solutions are still far-fetched.”
He revealed that “Iraq sells a barrel of black oil to the Emirates at a price of $40, which constitutes a huge loss in light of the decline in oil prices.”
Al-Marsoumi concluded his speech by pointing out that “the pressures exerted by former US President Donald Trump aim to reduce oil prices to $70, which may further complicate Iraq’s economic situation.”
STATUS OF THE RV, PART. 5 BY MNT GOAT, 3 FEB
STATUS OF THE RV, PART. 5
😊Let’s take a look at just one of these recent articles. This one is from today titled “ECONOMIST: THE COUNTRY’S FINANCIAL SITUATION IS AMONG THE MOST PROSPEROUS YEARS”. Economic expert Nabil Al-Marsoumi confirmed that “the country has large cash reserves, which are greater than 100 percent of the volume of the issued currency.”
Do you know what this means?
This means liquidity. That the paper of the dinar right now can be backed entirely by their cash reserves in other currencies. Why not repeg the dinar then to these currencies, like in a “basket” of currencies?
This means that if Iraq should come under a server economy crisis it could still pay all its bills and not crash their economy. It could fall back on using these reserves as a safeguard. Is this this not what a currency peg should do? Oh…
did I mention the Gold, as part of the CBI reserves, is also reaching near the point of 100 percent of the issued currency alone. These are facts not to be taken lightly and so why do we still sit here reading my blog at 1/6 of a penny for a dinar?
If you read this newsletter carefully and “wisely” today you can now clearly see what is holding up this next move by the CBI. The CBI cannot make the next move unless it is supported by the U.S.
The question now is will President Trump come to the rescue and save Iraq from the tyrannical Obama/Biden plan to totally control Iraq through their subjective mandates and suppression of the currency? When will this sanctioned mode of the dinar really end?
Anyone who tells you that this investment in the Iraqi dinar is just a pipe dream, then refer them to my blog for advice. Maybe they were just listening to the wrong people…..
We must continue to pray. This is what will really get us the prosperity and abundance that God promised us through His prophets. Remember that God works with the physical world we live in and so He initiates worldly events to move His agenda forward.
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What can we as investors do right now?
- Pray and pray that nothing will mess this up….
- Be very patient….
- Do not sell your dinar….
- No more intel guru talk….
- No more NESARA / GESARA crazy talk
- Stop listening to all these idiots as they are only confusing you more and more (especially TNT and “The Big Call” idiots.)
- Don’t over speculate and set unjustified expectations
I know the path to this reinstatement and I don’t have to speculate or guess.
If you are a faithful follower of my blog, then you clearly should be able see I have NEVER misled you on the information. How can I say this? It is because I show you evidence and FACTUAL information not some make-believe fairytale bank stories, or lies that four letter agencies are talking to me, because there aren’t and I don’t care what the hell they are saying anyway. None of this ridiculous NESARA or GESARA bullshit either.
Get it?
Stay away from all this crap. It is an illness that has spread throughout our dinar investment community. It is easy to lie and make up stories but much, much harder to spend the time translating articles and applying them to what is really going on. Yes, giving you proof not rumors. We must stay grounded as this RV is coming to a closure and there is not much longer to wait.
IMPORTANT IRAQ NEWS: WORLD BANK PLEDGES TO FINANCE OIL AND ENERGY PROJECTS IN IRAQ, 3 FEB
WORLD BANK PLEDGES TO FINANCE OIL AND ENERGY PROJECTS IN IRAQ
DURING A MEETING WITH AL-SUDANI
The World Bank announced today, Tuesday, its pledge to finance a number of oil, energy and infrastructure projects in Iraq, during the reception of the Prime Minister, Mohammed Shia Al-Sudani, the Vice President of the World Bank for the Middle East and North Africa region, Othman Dayon, where ways of cooperation between Iraq and the World Bank were discussed, and the progress of development projects in Iraq.
Al-Sudani’s office said in a statement :
Prime Minister Mohammed Shia Al-Sudani received today, Tuesday, the Vice President of the World Bank for the Middle East and North Africa, Mr. Osman Dayon, where they discussed ways of cooperation between Iraq and the World Bank, and the progress of development projects in Iraq.
The Prime Minister pointed out that development projects that aim to maximize the non-oil economy and contribute to job creation are a priority for the government, stressing the continuation of economic reforms that support the private sector, and that the World Bank is called upon to enhance this experience.
His Excellency explained that the government considers the World Bank an important partner in the reform process, and that the Ministerial Council for the Economy has approved the program that was approved by the Ministry of Planning in cooperation with the World Bank, especially since the results of the reform steps in the customs and tax fields have begun to appear in a tangible and positive manner.
The meeting witnessed discussions on financing the old railway rehabilitation project and financing a number of other development projects, as Mr. Dayon pledged the bank’s financing of a number of oil, energy and other infrastructure projects. The International Finance Corporation’s contribution to financing a number of private sector projects was also discussed.
TIDBIT FROM FRANK26, 3 FEB
Frank26
The East [Middle East bank owner contacts] were willing to talk to us and tell us we see those lower notes in those [January article] pictures. Yeah they're using the 3 zero notes.
We asked why are they using the 3 zero notes, why don't they show them the real lower notes?
They said because the real lower notes are going to look like the ones they got now. What?
Yeah, they're just going to drop the zeros, the colors and the shape will still be the same. The only one that will be different will probably be the 25.
It will be smaller and it'll be a 20. It's hard to get information but what little bit we've got is just so encouraging.
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FRANK26…5-28-26….THINKING
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