Militia Man
An agreement has been reached and confirmed to resume the export of [Kurdistan] oil. IMO they're not going to use 1310 as a value basis for this to happen.
They're going to have to have an IMF multi currency practices rule and compliance issue stopped... They're going to need a Real Effective Exchange Rate in dinar terms for this to happen. If this holds true, a change is to be coming...
The Ministry of Oil discloses the quantities received from the Kurdistan Region as a first stage
The Undersecretary of the Ministry of Oil for Extraction Affairs, Bassem Muhammad Khudair, confirmed on Sunday that the ministry will receive about 185,000 barrels per day from the Kurdistan Region as a first stage after the resumption of oil exports through the Turkish port of Ceyhan, while noting that the quantity is gradually escalating to 400,000 barrels per day.
Khudair said in a press statement: “The suspension of exports from the Kurdistan region during the past period caused a problem for the oil fields in the region, and it takes a period of rehabilitation to restore its production capacity, in order to reach the export of 400,000 barrels per day, which is the minimum quantities prescribed in the budget.”
He added that “the amount currently available for export in the region is 300,000 barrels per day, part of which is intended for internal use, while the remaining 185,000 barrels will be allocated for export.”
He pointed out that “the past period witnessed the visit of a delegation from the Ministry of Oil to the region, and it was agreed to form joint committees to follow up the mechanisms for the resumption of oil export,” explaining that “we were informed by the region of its readiness to start the export process.”
He continued: “The technical teams of the North Oil Company and representatives of the Kurdistan Region are working to inspect the oil export pipelines and ensure their validity and readiness to resume oil pumping through them.”
Khudair stressed that “the Ministry of Oil has addressed the Turkish side to inquire about the readiness of the pipe intended for export through the port of Cihan, and we are waiting for the answer within the next 24 hours.”
He also stated that “the ministry is keen to maintain export operations through the port of Ceyhan as part of a strategic vision for the relationship between Iraq and Turkey, and there is continuous communication with the region and the Turkish side to ensure continued cooperation and export.”
The negotiation delegation of the Kurdistan Regional Government announced earlier on Sunday that it “the promise of communication and coordination between the Federal Ministry of Oil and the Ministry of Natural Resources of the Kurdistan Region, it was agreed and confirmed to resume the export of the region’s oil according to the available quantities.”
The statement added, “A joint technical team was formed today to inspect the export pipe and indicate its readiness. In this regard, we emphasize our commitment to implement the provisions of the Federal Budget Law.”
#BREAKING
Iraq has officially published the Restitution Law, the Personal Status Law, and the General Amnesty Law in the Official Gazette of Iraq, clearing the way for their enforcement. The Restitution Law will restore farmland ownership to Kurdish farmers in Kirkuk.
The amount of drama and news converged on this army/farmers situation is astronomical!
And yet the budget law printed in the gazette was hard to find, only one post about it. Idk about you, but if MY WHOLE COUNTRY WAS WAITING ON MONEY, and you didn’t want to be bombarded on that issue when it drops,
I would most certainly stir up another news worthy issue and make sure the news was covering it and people were invested in that story.
Kind of reminds me of when we had a huge steal in our 2020 election, yet all of a sudden Jan 6th insurrection happened…. And THAT was all anyone talked about.
Just some thoughts and observations as I’m digging through Iraqi news.
A2ZANGELA
KTFA
FRANK26: "A NEW BANKING ECONOMIC CENTER IN ERBIL... FOR THE MONETARY REFORM'S SUCCESS"......F26
Expected visit of the Central Bank Governor to Sulaymaniyah
2/19/2025
- Sulaymaniyah
Today, Wednesday (February 19, 2025), the representative of the Patriotic Union of Kurdistan, Gharib Ahmed, commented on the visit of the Governor of the Central Bank, Ali Al-Alaq, to the city of Sulaymaniyah.
He said in an interview with Baghdad Today, "This visit is an important and excellent step that came based on the desire of the people of Sulaymaniyah and the Kurdistan Region," explaining in his answer to a question about opening branches of Rafidain and Rashid banks, he replied that "if it happens, it is considered an important step to ensure the disbursement of employees' salaries according to what was stipulated in the Federal Court's decision, and also an important step for other financial transactions that the people of the region you want.”
Ahmed pointed out that "there is a request to open other branches of Rafidain and Rashid banks in the governorates of the Kurdistan Region, and in independent administrations such as the Raparin Faqi Ranya Administration and the Karmian Administration."
This comes in the context of the Federal Court's decision to localize the salaries of Kurdistan Region employees at outlets spread across the region or banks open and licensed by the Central Bank of Iraq .
Ahmed added that "this step will contribute to enhancing financial stability in the region and meeting citizens' needs in the field of financial services. He also stressed the importance of enhancing cooperation between the Central Bank of Iraq and the Kurdistan Regional Government to achieve these goals."
The Governor of the Central Bank, Ali Al-Alaq, is scheduled to visit the city of Sulaymaniyah to open branches of Rafidain and Rashid in the city, in a move aimed at enhancing financial services in the region and meeting the needs of citizens.
Sandy Ingram
Iraq, which holds over $100 billion in reserves in the US, relies on American support to maintain access to its oil revenues however its financial standing could be at risk as US president Donald Trump has signaled a return to his maximum pressure policy on Iran.
Iran...has used Iraq as an economic gateway to access hard currency and bypass U.S. sanctions.
Read also: Bank appointment for Currency EXCHANGE Instructions/Checklist
