After a "difficult labor", the 2025 budget tables finally find their way to the Council of Ministers, 25 feb

 After a "difficult labor", the 2025 budget tables finally find their way to the Council of Ministers

A responsible source in the Iraqi Ministry of Finance stated on Monday that the delay in sending the federal budget tables to the Council of Ministers is related to amendments to Article 12 of the Budget Law.

The Iraqi parliament recently approved an amendment to the general budget related to Article 12, which settles a dispute between the Kurdistan Region and the federal government over receiving the region’s oil.

In summary, the Iraqi Parliament voted in June 2023 on the draft general budget law for the fiscal years (2023, 2024, 2025), to approve special budget tables for those years, which will be sent by the Iraqi government to Parliament for voting.

The government source told Shafaq News Agency, "The Ministry of Finance has been working for some time on preparing the general budget tables for the year 2025, in order to send them to the Council of Ministers for approval."

He pointed out that "the Ministry of Finance will finish preparing the tables and send them to the Council of Ministers for voting on them in the middle of next month," noting that "the Council of Ministers will vote on the tables without delay and then send them to the House of Representatives for voting on them."

The Federal Ministry of Oil announced yesterday, Sunday, the completion of the necessary procedures to complete the export of oil produced in the Kurdistan Region via the Turkish port of Ceyhan, stressing that this step comes in accordance with the mechanisms specified in the budget law and its amendment, and within the production ceiling set for Iraq in the OPEC organization.

The Kurdistan Regional Government's negotiating delegation responded to the Ministry of Oil's announcement by calling on the federal government to implement its obligations before proceeding with the oil export process.

The delegation explained that despite the regional government’s confirmation of its commitment to implementing the first amendment law to the federal general budget law, which relates to re-exporting oil produced from the region’s fields to the Turkish port of Ceyhan via SOMO, implementing the law requires agreement on several basic points, including determining the quantities allocated for local consumption in the region, in line with actual needs, similar to the rest of Iraq, and establishing a clear and specific mechanism for paying the dues of production and transportation companies to the regional government, in accordance with what is stated in the law. link

TIDBIT FROM FRANK26, 25 FEB

 Frank26 (KTFA)

Everything that we read every day has nothing to do with 1310. Does this International global system have anything to do with 1310?  No.  Does the complete overhaul, change, b***d transfusion of the banking system, the monetary performance system of Iraq, completely changed, do you think they didn’t change the 1310?

They have had a multitude of exchange rates to study and experiment with over the last seven years.  They’ve done a great job of it.  We call it a second set of books. It as actually more than that.  It was called the RV phase, the revaluation of the Iraqi exchange rate to determine what rate they should use.  It turns out the rate was pretty high but logic will cause them to come out at a decent rate maybe 1 to 1 or just do the RI right away at $3+. Eventually the float should take it to $4+ IMO.

Question:
“How can they put bonds into circulation without a rate?”

[Reference Guru Frank26 Firefly 2-23-2025 post below]

They’re not in circulation. If someone told you they are, get away from them. They’ve told the citizens they can buy them but they’re not in circulation right now. Why? Would you buy them at 1310? No. Because there is no exchange rate for it yet.

REINALDO JC : 🚨🚨IRAQ BUDGET SCHEDULES🚨🚨 @DINARREVALUATION #iraqidinarinvestor

 

Iraq signs an agreement with the British company “Perch Petroleum” to rehabilitate the four fields of Kirkuk, 25 feb

 Iraq signs an agreement with the British company “Perch Petroleum” to rehabilitate the four fields of Kirkuk

The Iraqi government signed on Tuesday an agreement with the British Petroleum/BP company to rehabilitate and develop the four Kirkuk fields, under the auspices and presence of Prime Minister Mohammed Shia Al-Sudani.

The Prime Minister’s Office said in a statement received by Shafaq News Agency that “this signing comes after the agreement with the company concerned on technical issues and contractual conditions, including the economic model of the project, based on the memorandums of understanding signed in London during the last visit of the Sudanese to Britain, which aimed to ensure the best contractual conditions and benefits for the Iraqi side, after prolonged detailed negotiations with the Ministry of Oil, according to the directive of its sovereignty, in order to optimal investment in energy and provide crude oil to the north and reduce its dependence on southern oil, and the agreement is the last stage before signing the contract finally.”

The statement pointed out that “this project will provide the absorption of manpower in various specialties, the operation of local companies, the implementation of social benefits projects, and the development of engineering and technical resources skills, support the staff of the North Oil Company and the North Gas Company, within the government’s vision for training programs and raising the level of competencies within the framework of what is provided by British Petroleum,

 in coordination with the Ministry of Oil.”The statement added that “the agreement includes the development of the four main fields of Kirkuk (Bay Hassan, Kirkuk with its domes “Baba and Avana”, Jumbour, and Baker), to ensure the investment of associated gas as well as the rehabilitation and expansion of gas facilities in the North Gas Company and the establishment of a power plant with a capacity of 400 megawatts to achieve the desired objectives of this integrated strategic project.”

https://www.shafaq.com/ar/اقتصـاد/العراق-يوقع-اتفاقا-مع-شركة-برتش-بتروليوم-البريطانية-لتا-هيل-حقول-كركوك-الا-ربعة

JUDY NOTES: Mon. 24 Feb. 2025 Payout for Tier Groups involved in the RV, 25 FEB

 Mon. 24 Feb. 2025 Payout for Tier Groups involved in the RV:

• The Dubai Accounts Funds the RV: Dubai 1 funds Tiers 1&2 of the RV and Dubai 2 funds Tiers 3&4 of the RV, while Dubai 3 funds the Adjudicated Accounts and GESARA. The payout of the Bonds and Currency is done in order of the different tiers. There are five Tiers that will be exchanging: Tiers 1, 2, 3, 4 &5.

• Liquidity Release is done in a certain order. The Elders, German Bonds and select Yellow Dragon Bonds must be paid first and have been.
  
  A. Dubai 1 released for liquidity which then triggers Dubai 2&3.
  B. F&P’s are released to recipients (they need D1 liquid, this is their hold up)
  C. Bonds will be liquid (they need D1 to be liquid)
  D. Tiers 1-4b are notified. (they need D1 to be liquid) It appears all is set to go on or about the same time!

• Tier 1 Sovereign Nation Debt of Governments: Chinese Royals, Bond Holders, Paymasters, Church Groups, CMKX, F&P, Adjudicated Settlements, Ranch and Farm Claims and other groups.

• Tier 2 Royals,  Elders, Whales, Military Generals and some political type Elites with platforms of currency, corporations, etc.

• Tier 3 Admirals Group, American Indians, CMKX, large church groups like the Church of Jesus Christ of Latter-day Saints. The Pentecostal group was now 100% under an NDA.

• Tier 3 was all Dubai 2 Trust Money and originally was the Generals and public. Now Tier 3 includes groups with projects including the Admiral.

• The Admiral was sent to the back of the line and renamed Tier 4A (really just a pie slice of tier 3). The Admiral’s Group was composed of three parts – most notable of which was Tier4a Core groups and 130 VIP groups.

• Tier 4B, (us, the Internet Group) is the largest group and composed of the general public who paid attention to the intel – the people who have bought currency and/or bonds and kept up with the reset by way of information on the Internet.

• Tier 5 The general public who never paid attention to the Intel.

• The official GO for Tier 4b has not been released yet. It can happen any moment. As all Tier1-4b are funded, we await the final release to reach to our level.

• It’s a process. It’s tedious and time consuming – making adjustments as needed along the way for accuracy and safety of all involved. It’s a very quiet & discrete operation, where the general public is left uninformed for obvious reasons. Pay attention to the levels that are ahead of us. That will help give a better understanding of where we are, in relation to it reaching the 4b level. BUT, it is unfolding. And when it reaches our levels, there will be no doubts. It’s coming! Keep the faith. 

MAJEED : BIG CHANGES WILL COME IN THE 2025 FOR THE IRAQI DINAR @DINARREV...

Kurdistan oil to flow again within two days, 25 FEB

 Kurdistan oil to flow again within two days

Shafaq News/ Iraq is awaiting Turkiye’s approval to restart oil exports from the Kurdistan Region via the Ceyhan pipeline within two days, Iraqi Oil Minister Hayyan Abdul Ghani revealed on Monday.

Speaking to Reuters, Abdul Ghani emphasized that Iraq remains committed to OPEC+ production quotas, stating that “all exported volumes will remain under the control of the Oil Ministry.” He also clarified that Kirkuk’s oil production will be “reserved for domestic consumption” and will not be included in the exports via Turkiye.

Turkiye halted Kurdistan’s oil exports via Ceyhan Port in March 2023 following a ruling by the International Chamber of Commerce (ICC) that ordered Ankara to pay $1.5 billion in damages to Iraq for allowing Kurdish oil exports without Baghdad’s approval.

With negotiations between Baghdad and Erbil progressing, the Kurdistan Regional Government (KRG) announced on Sunday the formation of a joint technical team with Iraq’s Oil Ministry to “assess the pipeline’s readiness for resumption.”

Meanwhile, the Iraqi Oil Ministry has “completed the necessary procedures for restarting exports” and has urged the KRG to hand over production volumes to Iraq’s state-run oil marketing company, SOMO, while the KRG delegation reaffirmed its commitment to implementing the recent amendments to Iraq’s federal Budget Law.

The Association of the Petroleum Industry of Kurdistan (APIKUR) has reiterated its readiness to resume oil exports if Baghdad and Erbil finalize an agreement that “safeguards existing commercial and contractual terms for foreign operators in the region.”

Iraqi Foreign Minister Fuad Hussein confirmed that Baghdad is “working to resolve technical issues with Erbil to restart crude flows” after nearly two years of suspension, which has cost Iraq an estimated $19 billion in lost revenue.

The United States has backed efforts to restart the pipeline, citing the need for “stable oil flows to global markets,” while Turkiye insists the pipeline is operational, stating that the final decision on resuming flows “lies with Iraq.”

https://shafaq.com/en/Kurdistan/Baghdad-awaits-Turkiye-to-resume-oil-flows-from-Kurdistan-Region