Sunday, February 9, 2025

MARKZ: What are we expecting once the budget tables are done? @DINARREVALUATION #iraqidinar

$17 Billion In US Oil Imports From 5 Arab Countries In 2024, 9 FEB

$17 Billion In US Oil Imports From 5 Arab Countries In 2024

Economy | 05:11 - 07/02/2025 Mawazine News – Economy A new report by the Energy Research Unit revealed, on Friday, the amount of oil imports to the United States, which amounted to $17 billion from 5 Arab countries.

The report showed that US oil imports increased in 2024, with 5 Arab countries, led by Saudi Arabia and Iraq, accounting for 9% of the total imports of the world's largest crude oil consumer.

According to the Energy Research Unit report, US crude oil imports increased by 1.5% year-on-year, to reach 2.36 billion barrels (6.45 million barrels per day) during 2024.

The report stated that the volume of US oil imports from Saudi Arabia, Iraq, Libya, the Emirates and Kuwait amounted to nearly 208 million barrels, representing 8.8% of total US imports during the past year.
According to data collected by the Energy Research Unit, the value of US imports from the aforementioned Arab countries amounted to nearly $17.1 billion during 2024. According to the new report, we review the list of the largest Arab oil exporters to the United States during 2024, as follows:

1. Saudi Arabia: 98.14 million barrels.
2. Iraq: 70.51 million barrels.
3. Libya: 16.99 million barrels.
4. UAE: 14.22 million barrels.
5. Kuwait: 7.83 million barrels.

Arab oil exports to the United States from the 5 countries recorded 192 million barrels, equivalent to $16 billion during the first 11 months of 2024, according to periodic data collected by the Energy Research Unit on January 8, 2025. https://www.mawazin.net/Details.aspx?jimare=259416

SANDY INGRAM HIGHLIGHTS CC NOTES, 9 FEB

SANDY INGRAM HIGHLIGHTS CC NOTES

Highlights

Summary

In this video, urgent developments regarding President Donald Trump’s recent executive order are discussed, which has significant implications for the Middle East, particularly Iraq and Iran.

The order terminates Iraq’s waiver to purchase gas from Iran, aiming to cripple Iran’s economy and nuclear ambitions. This drastic move threatens to exacerbate Iraq’s energy crisis, as the country heavily depends on Iranian gas for its electricity supply. As crises loom, Iraq is scrambling to find alternative solutions, including potential shifts to Russia’s payment systems.

The situation is complicated further by the U.S. strategy targeting Iranian militias in Iraq, which could destabilize the already fragile political landscape. Meanwhile, Iraq’s provincial government is working on significant infrastructure projects and enhancing its international trade capabilities, including its integration into the global Customs Transit Network. The video also highlights Iraq’s push to assert control over armed factions operating outside state authority, reflecting a broader geopolitical struggle and the need for Iraq to stabilize its internal security.

🔥 Trump’s Executive Order: President Trump’s bold move to end Iraq’s gas waiver from Iran could destabilize Iraq’s energy sector.
⚡ Electricity Crisis Looming: Experts warn of potential widespread blackouts in Iraq if gas supplies from Iran are cut off.
🌍 Iraq’s International Trade Advances: Iraq is set to enhance its trade capabilities through the global Customs Transit Network, marking a significant step in modernization.
🏗️ New Development Projects: The launch of the Madat Al-Nil Palm City aims to improve living conditions and reduce pollution in Basra.
⚔️ Disarming Armed Factions: Iraq’s government is urging armed groups to disarm or integrate into state forces to enhance stability.
💵 Financial Transactions Under Siege: The U.S. has blocked Iran’s access to Iraq’s financial system, complicating economic transactions.
🤝 Public-Private Partnerships: Collaboration between government and private sectors is crucial for Iraq’s economic growth and trade modernization.

Key Insights

🌐 Geopolitical Tensions Heightening: The U.S. strategy to clamp down on Iran is causing ripple effects in Iraq, where pro-Iran militias and political factions are under pressure. As these groups navigate the shifting power dynamics, Iraq risks further political chaos, especially if public dissatisfaction over energy shortages escalates into unrest.
💡 Energy Dependency Crisis: Iraq’s heavy reliance on Iranian gas underscores a major vulnerability in its energy infrastructure. The loss of 50 to 55 million cubic meters of gas per day could lead to an electricity shortfall, particularly during the hot summer months when demand peaks. Without immediate alternative energy resources or support systems, Iraq could face a humanitarian and economic crisis.
🔄 Economic Isolation Risks: The U.S. sanctions against Iran and the blocking of financial pathways for Iraq create a precarious economic landscape. Iraq’s potential pivot towards Russia’s payment systems indicates a desperate search for alternatives, but this could alienate Iraq from traditional Western allies and deepen its economic isolation.
🛠️ Infrastructure Development as a Priority: The announcement of new urban projects like Madat Al-Nil Palm City reflects a regional effort to improve living standards and create economic opportunities. However, the effectiveness of these initiatives will depend on political stability and the ability to attract consistent foreign investment in the face of ongoing geopolitical tensions.
📉 Political Stability Threats: The push to disarm independent armed groups could prove to be a double-edged sword. While it may strengthen the Iraqi government’s authority, it could also provoke backlash from these factions, potentially leading to increased violence and instability as they resist disarmament.
🚀 Integration into Global Trade Networks: Iraq’s impending participation in the international Customs Transit Network symbolizes a shift towards modernization and a commitment to global trade practices. This move is crucial for enhancing trade security and operational efficiency, yet it requires robust regulatory frameworks and public-private cooperation to be successful.
🔒 Security Imperatives for Sovereignty: The Iraq government’s initiative to bring rogue militias under state control is not merely a security measure but a fundamental step toward establishing national sovereignty. Success in this area could lead to a more unified state, reduced foreign intervention, and an increase in the value of its currency, setting the groundwork for long-term stability and growth.

In conclusion, the unfolding events in Iraq and its relationship with Iran and the U.S. are complex and fraught with challenges. The combination of energy crises, economic sanctions, and political maneuvering underscores the delicate balance Iraq must maintain to navigate its future. The urgency of finding solutions to these intertwined issues is paramount, as the consequences of inaction could lead to dire outcomes for the nation’s stability and security.

FRANK26: The laws are in place to expose the new exchange rate in the 2025 budget! @DINARREVALUATION

National Security Advisor: We Agreed With Washington To End The Coalition Mission In September 2026, 9 FEB

National Security Advisor: We Agreed With Washington To End The Coalition Mission In September 2026

Time: 2025/02/07 Read: 2,685 times {Politics: Al Furat News} National Security Adviser, Qasim Al Araji, confirmed the agreement with Washington to end the mission of the international coalition in September 2026.

The Commander-in-Chief of the Armed Forces, Prime Minister Mohammed Shia al-Sudani, confirmed in a press statement yesterday, "We have reached an agreement with the United States that there will be a timetable to end the mission of the international coalition over a period of two years ending in 2026, and then we will move to bilateral security relations.

We have actually started a bilateral dialogue with the United States and the rest of the countries of the international coalition, such as the United Kingdom, France, Spain and Italy."

Iraq and the United States announced in a joint statement on September 27, 2024, that the US-led coalition's military mission in Iraq would end by September 2025, with a transition to bilateral security partnerships.

The joint statement explained that the coalition's mission will end within 12 months, and no later than the end of September 2025. He added that the coalition's military mission in Syria will continue until September 2026.

Earlier this month, Baghdad and Washington reached an agreement on the withdrawal of international coalition forces from Iraq, according to a plan that is being implemented in stages.

Sources told Reuters a few days ago that the plan includes the withdrawal of hundreds of US-led coalition forces by next September and the rest by the end of 2026. LINK

TIDBIT FROM BRUCE, 9 FEB

Bruce

[via WiserNow]

...We have two world organizations ...One is the World Bank, and one is the IMF... Those two organizations have held this up for us...And we need them to release it. And I believe that even now as we speak, those two organizations are being dismantled.

I've been told we're 95% of the way that those two organizations, World Bank and IMF, are being dismantled. And the theory is that if they keep doing what they're doing to make that happen...

then we could be ready to go and get notified over this weekend. Could be Saturday, could be Sunday, and then which case we could start, if not over the weekend, we would start very early next week...

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