Thursday, February 13, 2025
SAEED TAVAKLI: IRAQ SIGNS NEW GAS EXPORT CONTRACT WITH IRAN, 13 FEB
SAEED TAVAKLI: IRAQ SIGNS NEW GAS EXPORT CONTRACT WITH IRAN
The CEO of the National Iranian Gas Company, Saeed Tavakoli, confirmed today, Saturday, “The export of gas to Iraq is currently ongoing, and we have recently signed a long-term contract with Iraq.”
Tavakoli told the Iranian Mehr News Agency regarding US President Donald Trump’s decision last Wednesday to cancel the exemption granted to Iraq to import electricity and gas from Iran as part of new sanctions against Tehran, “The decision represents an escalation of US pressure on Iran, as it pressures Iraq to reduce its dependence on Iranian energy.”
Saeed Tavakoli stressed, “The export of gas to Iraq is currently underway, and since we have recently extended a good contract for exporting gas, it is likely that the cancellation of the exemption granted to Iraq to import electricity and gas from Iran was for another form of gas import.”
(Please full article it the Articles Sections below. This is going to be a “stand-off” between Iraq and the US on the subject of cutting off gas and electricity from Iran. You might want to take a look at article titled “AL-SUDANI ASKS THE TRUMP ADMINISTRATION TO CONTINUE GRANTING IRAQ AN EXEMPTION FROM IMPORTING IRANIAN GAS” President Trump already cancelled the exemption. What next? The secretary of state Rubio will soon visit Iraq so this will be an important topic along with the smuggling of dollars to Iran.)
STATUS OF THE RV , PART. 3 BY MNT GOAT, 13 FEB
STATUS OF THE RV , PART. 3
☹“TRUMP CANCELS EXEMPTION GRANTED TO IRAQ TO IMPORT ELECTRICITY AND GAS FROM IRAN”
(from my 02/06 Newsletter see Archive)
US President Donald Trump canceled, today, Wednesday (February 5, 2025), the exemption granted to Iraq to import electricity and gas from Iran. The memorandum signed by Trump, according to the White House and seen by Baghdad Today, with the aim of exerting maximum pressure on Iran, included “taking immediate steps,
in coordination with the Secretary of the Treasury and other relevant agencies, to ensure that the Iraqi financial system is not used by Iran to evade or circumvent sanctions, and that the Gulf states are not used as shipping points to evade sanctions.” It also included, “implementing a vigorous and sustained campaign,
in coordination with the Secretary of the Treasury and other relevant executive departments or agencies (the Agencies), to drive Iran’s oil exports to zero, including Iranian crude oil exports to the People’s Republic of China.”
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“AL-SUDANI ASKS THE TRUMP ADMINISTRATION TO CONTINUE GRANTING IRAQ AN EXEMPTION FROM IMPORTING IRANIAN GAS”
Prime Minister Mohammed Shia al-Sudani called on Friday on the administration of US President Donald Trump to continue exempting Iraq from importing Iranian gas after the decision to cancel it. US President Donald Trump recently cancelled the exemption granted to Iraq to import electricity and gas from Iran, as part of the new package of sanctions on Iran. (Will the Trump administration change its mind?)
The Good News:
Please remember that we can look at the bad news as the glass half empty but in reality, we also know it is half full. In the midst of any storm there is always an end and things do change. The sun eventually comes out and blue skies do appear again.
😊Actually we do have a “WOW!” in the news today. I know it seems that all the bad news can overshadow the good. In an article titled “IRAQ PREPARES TO IMPLEMENT THE FIRST HISTORIC TRANSFER OPERATION THROUGH THE INTERNATIONAL (TIR) SYSTEM” we learn that the International Road Transport Union (IRU) announced Iraq’s
readiness to implement the first historic transport operation via the international road transport (TIR) system, in a historic step towards enhancing cross-border trade. During a visit last week, the Union confirmed that Iraq is close to achieving a major achievement in international trade,
as it will soon witness the first transport operation under the umbrella of the internationally recognized system for customs transit, noting that this step reflects Iraq’s commitment to modernizing the trade sector and adopting international practices.
We must keep our eye on the important progress too as Iraq is continuing to move ahead. I know they have setbacks but in the midst of these setbacks they always keep moving ahead. This movement is more and more aggressive now since Dec 2022.https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/
BAGHDAD INTERNATIONAL FAIR: AN OPPORTUNITY FOR COMMERCIAL INTEGRATION WITH THE WORLD , 13 FEB
BAGHDAD INTERNATIONAL FAIR: AN OPPORTUNITY FOR COMMERCIAL INTEGRATION WITH THE WORLD
The curtain fell on the 48th session of the Baghdad International Fair amidst a wide welcome from participants and visitors, as the exhibition witnessed a great turnout from local and international companies that presented their latest technologies and products with the aim of finding a foothold in the Iraqi market.
Most participants indicated their satisfaction with the success of their objectives at the exhibition, as they were able to conclude bilateral agreements for cooperation with local, regional and international companies.
In the same context, many Iraqi families who visited the exhibition expressed their desire to extend the exhibition period, stressing that the extension will give them the opportunity to view all the pavilions and displayed goods, which will help them to purchase the products they need from the various participating companies.
Communicate with international companies
Speaking about the importance of the exhibition in enhancing international cooperation, Abdul Salam Karim Al Shahmani, Brand Manager of the Iraqi Ports Company at the Ministry of Transport, said: “The exhibition days were a valuable opportunity to communicate with international companies from different countries.”
He added that his company was able to reach an agreement with South Korean and Pakistani companies for joint cooperation, as bilateral meetings will be organized after the exhibition to activate these agreements.
He explained that many Arab and international companies have expressed their serious desire to cooperate with Iraq and enter its market, especially in light of the ongoing developments and major projects being implemented in Iraq.
Solar energy is taking over
With the attention of visitors
On the other hand, Mohammed Shaker, head of the Baghdad Center for Energy and Sustainability, pointed out that the current session of the exhibition was distinguished by the participation of a large number of citizens who showed great interest in solar energy.
He said: “We have witnessed a remarkable turnout from citizens to learn more about solar energy systems, their efficiency and types.” He stressed that many visitors expressed their desire to purchase these systems to avoid the problems of power outages, although some of them expressed hesitation due to the lack of sufficient culture in Iraq about how to benefit from solar energy. He stressed that the exhibition is an opportunity to raise awareness of modern technologies witnessed by various countries around the world.
Software company interaction
On the other hand, Howayda Ahmed from Iraq Programming Company said: “The exhibition was a valuable opportunity for us, as we interacted with a wide audience throughout the days of the exhibition. This interaction helped us launch 7 new and advanced programs with modern technologies to organize public and private life.”
She added: “Through the exhibition, we were able to understand the needs of the Iraqi community in the technical aspect, and we interacted with visitors to create technical solutions that suit their requirements.” She pointed out that the exhibition is an important platform for communicating with the world and introducing new technologies that serve the Iraqi market.
Talents and development
The exhibition did not neglect the children’s category, as Al-Huda Cultural Foundation, which specializes in nurturing talents, organized events to discover the talents of children and youth. Zainab Nasser Hussein, the director of the foundation’s pavilion, stressed the importance of supporting and developing talents by providing opportunities for children to hone their skills. She said: “We strive to provide all the tools and programs that help children grow and develop in their fields, and we plan to involve them in specialized festivals such as the Iraqi International Children’s Festival.”
Increasing number of visitors
Citizen Ilham Saadeddin praised the organization of the exhibition, which she described as meeting the needs of all segments of society. She confirmed that she visited the exhibition repeatedly over the course of 4 days to learn about the products displayed by the companies, especially the pavilions for direct sales. She said: “The exhibition was a real outlet for the Iraqi family, as the number of visitors increased day after day, whether specialists or families.”
Understandings with international companies
Naseer Ragheb from the Japanese company “Termo King Tao” said: “The exhibition witnessed many initial understandings with several companies to cooperate and expand our activity in the Iraqi market.” He explained that the exhibition was an ideal platform for international companies to enter the Iraqi market and cooperate in various sectors, pointing to the importance of raising the level of services provided to visitors in future exhibitions to ensure greater success.
Iraqi products are comparable to imported ones
Speaking about the importance of the exhibition in promoting Iraqi products, Mohammed Hussein from the Karbala Chamber of Industry pointed out that the participating companies from Karbala were admired by visitors, especially distinguished products such as dates and their derivatives, which are in high demand in international markets. He said: “Our Iraqi products that are exported to the Gulf countries enjoy a good reputation, and with visitors’ interest in these products, we have a greater incentive to expand production.”
Expand future participation
For his part, Aqeel Al-Hamad, an economic expert, stressed the importance of expanding participation in future exhibitions to invite the best international companies. He said: “The 48th session of the exhibition showed good results, but it is necessary to expand the invitation of major international companies to expand the benefit to the Iraqi economy.” He added: “The exhibition is an important economic forum and contributes to changing the economic landscape by informing local companies of modern technologies and working to supply them to the Iraqi market in various sectors.”
Opportunity to open new markets
Al-Hamad stressed that the Iraqi labor market is witnessing remarkable growth and is considered a promising opportunity for international companies. He said: “Many companies present at the exhibition expressed their great desire to work in the Iraqi market, which represents a promising and growing market.” He pointed out that cooperation between the government and the private sector is necessary to provide the appropriate environment for foreign investment in Iraq, especially in the sectors of production, industry, agriculture, tourism and services.
Repeat participation in the future
Finally, Khaled Sultan, representative of a Kuwaiti perfume company, welcomed the extension of the exhibition period for the pavilions that witnessed a great turnout from visitors. He added: “The Iraqi audience’s interaction with our products was wonderful, which encourages us to participate again in the upcoming sessions and to a greater extent.” He stressed that the audience’s interaction with the products is a positive indicator and enhances their desire to expand their participation in the future.
Direct selling extension
The Ministry of Commerce has extended direct sales at the Baghdad International Fair until Sunday evening, in line with citizens’ desire and to give an opportunity.
STATUS OF THE RV ,PART. 2 BY MNT GOAT, 13 FEB
STATUS OF THE RV ,PART. 2
Here are a couple articles in the news today that you can reference. Each article can be found in full in the Articles Section of today’s Newsletter. Here are some recaps of the news for your convenience:
☹“AMERICAN EYES LOOK AT “RAFIDAIN BANK”.. SMUGGLING DOLLARS TO IRAN MAY LEAD TO SANCTIONS AND “ECONOMIC COLLAPSE”
“American eyes are turning towards the government-owned Rafidain Bank and demanding that sanctions be imposed on it, describing it as a “window for smuggling dollars to Iran,” while politicians and academics do not view the matter with optimism, especially since any impact on the bank will cause financial tensions within Iraq, as it is one of the most important government banks.”
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☹“COMPLEX NETWORKS AND METHODS OF SMUGGLING DOLLARS FROM IRAQ TO IRAN.. AMERICAN REPORT REVEALS THE DETAILS”
An American report stated that Numbers Massive Central Bank Auctions Iraqi In selling hard currency, it raises doubts and concerns about the possibility of smuggling a large part of the currency to Iran. US President Donald Trump signed a presidential memorandum on Wednesday to take immediate action by federal agencies to prevent Iran from using the financial system Iraqi.
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☹“CONTROVERSY OVER THE DOLLAR IN IRAQ.. EXPECTATIONS OF A PRICE INCREASE AND THE GOVERNMENT REASSURES!”
The exchange rate is volatile and the dollar is rising against the dinar, which is putting the Iraqi economy in great challenges, raising fears of a possible financial crisis. stressing the need for urgent reforms to ensure the sustainability of the economy.
The advisor to the Iraqi Prime Minister, Dr. Mazhar Muhammad Salih, said that “the government is not currently considering amending the exchange rate equation or what is known as “monetary adjustment”, denying the speculations circulating in this regard.
Salih pointed out that “this stability is due to the strong foreign reserves possessed by the Central Bank of Iraq, as the dollar coverage rate for the dinar exceeds 100%, which contributes to controlling the financial market and reducing the impact of the black market for the currency,
despite the price difference that reaches about 13% from the official price.” (So the CBI has not yet controlled the black market even though the correspondent banks are now conducting the transfers for outside trade as of Dec 31st 2024.)
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