Frank26
Article: "Expected visit of the Central Bank Governor to Sulaymaniyah" Are you serious? You're putting a new banking economic center? Why?
You never have in the decades that I can remember.
Why? Your rate of your currency is 1310. You don't need this banking economic center in Erbil. Why are you doing this? Because there is a change in the banking structure system of Iraq.
Oil Prices Rise On Expectations Of Higher US Demand
Friday 21 February 2025 | Economic Number of readings: 298 Baghdad / NINA / Oil prices continued their gains today, Friday, in early Asian trading, and are heading for a weekly rise amid growing expectations of strong demand in the United States after data showed a decline in gasoline and distillate inventories, and prices received support from concerns about disruption to Russian supplies.
Brent crude futures rose 16 cents, or 0.2 percent, to $76.64 a barrel, and US West Texas Intermediate crude rose 17 cents, or 0.2 percent, to $72.65 a barrel, and the two crudes are heading for weekly gains of about three percent.
The US Energy Information Administration said yesterday that crude oil inventories in the United States rose while gasoline and distillate inventories fell last week after seasonal maintenance at refineries led to a decline in refining operations. / https://ninanews.com/Website/News/Details?key=1187885
Frank26
[Iraq boots-on-the-ground report]
FIREFLY:Television says President Trump threatens Iraq to speed up transfer of oil pipeline or will suffer sanctions like Iran.
FRANK: That is 100% correct. The reason my president is saying that to Iraq is because Iran threatened to attack you... Iraq is and my president is trying to speed things up so you Iraq can be in a position to be powerful over your enemies. If not we both lose and Iraqi citizens lose their purchasing power...There must be a date...
Washington Threatens Baghdad With Sanctions If It Does Not Resume Kurdistan Oil Exports Quickly
02/21/2025 Mawazine News – Economy The United States threatened the federal government in Iraq with sanctions on Friday if the Kurdistan Region's oil exports are not resumed quickly.
Reuters quoted sources as saying: "The administration of President Donald Trump asked Iraq to resume Kurdish oil exports quickly or face sanctions alongside Iran."
The sources added that "Washington believes that Kurdish oil sales could help reduce crude prices and compensate for the decline in Iranian supplies."
Oil Minister Hayan Abdul Ghani revealed last Tuesday that Iraq had sent a delegation from the ministry to the Kurdistan Region to agree on a mechanism for delivering and exporting the region's oil through the Turkish port of Ceyhan.
The oil minister said that contact had been made with the region's Minister of Natural Resources, Kamal Mohammed Salih, to negotiate with the delegation on the mechanism for receiving and exporting oil through the Turkish port of Ceyhan.
This came one day after Iraq accelerated the expected date for resuming oil exports from Kurdistan, as the federal oil minister said last Monday that oil exports from the Kurdistan Region could resume within just a week.
Iraq exports between 400,000 and 500,000 barrels per day from fields in the north of the country, in the Kurdistan Region, via the now-defunct Iraq-Turkey pipeline.
Oil Minister Hayan Abdul Ghani said earlier this month that at least 300,000 barrels per day of crude were planned to be transported once operations resumed.
In Iraqi Kurdistan, oil production is between about 280,000 and 300,000 barrels per day, and the regional government estimates its domestic consumption needs — including power generation — at around 110,000 to 120,000 barrels per day. https://www.mawazin.net/Details.aspx?jimare=259748
AJ
On Saturday, the negotiating delegation of the Kurdistan Regional Government revealed an obstacle to the resumption of the export of Kurdistan region oil, via the Turkish Ceyhan line, noting that its resolution requires approval by the President of the Federal Government, Muhammad Shi'a Al-Soudi.
