Iraq agrees to supply Lebanon with crude oil, with immediate cash payment, 27 FEB

  Iraq agrees to supply Lebanon with crude oil, with immediate cash payment

 Lebanese media sources quoted informed sources as saying that the Lebanese delegation to Iraq (consisting of IDAL Chairman Mazen Sweid and Brigadier General Hassan Shaqir) agreed with Iraqi officials to renew the fuel supply contract to operate the Electricité du Liban plants with some amendments to its implementation mechanism.

The sources indicated that Iraq will supply about 2 million tons of crude oil after it had been supplying fuel oil, in exchange for paying the price of the shipments in cash and immediately, unlike the three previous versions of the contract that included Lebanon paying the price of the shipments through services provided in Lebanon to the Iraqis, provided that the previous arrears amounting to 2 billion dollars would be addressed through the platform between the two countries to provide the agreed-upon services.

By the end of 2024 and until the formation of the new government, a huge amount has accumulated on Lebanon for the price of fuel shipments. Lebanon has only paid $118 million out of $2 billion. This accumulated amount is the result of three copies of renewed contracts between the two parties.

The fourth version of the contract includes the supply of 2 million tons of crude oil and payment for it in cash.

These renovations were carried out with “provisions” and “sympathy” even though Lebanon was not paying the cost of the shipments. Despite Iraqi facilities, Lebanon was unable to pay the bills.

These facilities stipulated that Lebanon would pay the price of fuel in Lebanese pounds, and that the amounts would be deposited in the Iraqi government’s account at the Bank of Lebanon, and would be spent on services for Iraqis (including hospitalization and medical treatment for Iraqis in Lebanon) in Lebanon exclusively.  link

TIDBIT FROM CLARE, 29 FEB

 Clare 

 Article: “urgent   Oil Minister: Exporting the region's oil will begin within hours via the Turkish Ceyhan” 

 Quote: "Deputy Prime Minister for Energy Affairs and Minister of Oil Hayan Abdul Ghani announced the imminent start of exporting oil from the Kurdistan Region....He explained that exports will be "at an initial rate of 185 thousand barrels, gradually increasing to reach the capacity specified in the general federal budget."

Article: "Confirming Shafaq News.. Trump is heading to impose sanctions on Iraqi groups" 

 Quote:  "The American website Fox News" published a report today, Wednesday, in which it referred to the 'maximum pressure' sanctions that the Trump administration is pursuing against countries that have economic and trade relations with Iran, including Iraq, which includes punishing a group of banks and controlling Baghdad's reserves at the US Federal Reserve...According to an informed political source, who told Shafaq News Agency, requesting that his name not be mentioned, American sanctions may be issued soon and will include a list of names of political figures who have armed factions."

A2ZANGELA : Iraq has officially published the Restitution Law ‪@DINARREVALUATION‬ #iraqidinarinvestor

 

STATUS OF THE RV . PART. 3 by Mnt goat, 28 FEB

 STATUS OF THE RV . PART. 3 

😊In line with this last article we have to connect the dots with other articles from today’s news to get the full present-day picture of what is going on. There are three more on this subject matter. They are titled:

“IT WILL NOT BE ON THE “LOSING TEAM”.. IRAQ MOVES TO THE POST-IRAN PHASE” and

“US PRESSURES BAGHDAD: IRAQI FM REVEALS DETAILS” and 

“RUSSIA-UKRAINE WAR ENDS: WILL IRAQ PAY THE PRICE FOR TRUMP’S FOCUS ON IRAN?“. 

If I were you I would spend a few minutes are read carefully these other three articles. You will get a very good sense of where this is all going. This news can also very good news for us because finally we may see Iraq getting serious about moving away from being a puppet state status of Iran. Remember the money laundering to Iran has to stop. This could help in this matter. 

The articles tell us that Iraq is facing to get out of the “Iranian orbit” and the “axis of resistance”, which took Iran years to build in order to expand its influence deep into the Arab world, but it is rapidly shrinking and could collapse overnight. So, you see folks, things could happen quickly. In weeks, maybe months but certainly not years. The Iranian axis of resistance has deteriorated during the past year from its formal rise to a stage of final decline, as Israel struck two of its main members, Hamas and Hezbollah, the regime of Bashar al-Assad fell, and the Lebanese parliament elected a new president and a new prime minister, who are not on friendly terms with Iran. The report in the article stated that until recently, Iran boasted that it controlled four Arab capitals: Damascus, Beirut, Sanaa, and Baghdad, but now the first two have slipped away, while the third is still under the control of the Houthis, who are still loyal to Tehran. But what about the fourth, Baghdad? 

Can the Iraqi’s overcome the Iranian influence. Will they have to wait until the next elections to do so? We all experienced their elections and how cumbersome and long they can be. But let’s just see what happens. At least there is finally pressure from the US and plans are in place now to end this Iranian influence once and for all. A reminder that Iraq will hold elections in October 2025, and that if enough Iraqis reject pro-Tehran parties at the ballot box, as most did in 2021, there will be an opportunity for al-Sudani, or whoever may succeed him, to form a government that makes an extra effort to assert Iraqi sovereignty and finally Baghdad my free itself of Iranian dominance. 

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

From Safe Internet to Smart Systems" Iraq Enters the Digital Revolution Era with Steady Steps, 28 FEB

 From Safe Internet to Smart Systems" Iraq Enters the Digital Revolution Era with Steady Steps

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed that Iraq is moving steadily towards achieving a major digital renaissance, based on a set of foundations that support this trend.

Saleh explained to {Euphrates News} agency, "The most prominent of these foundations is the progress achieved in two types of infrastructure."

He explained that "the first category is represented by the advanced technological infrastructure, whether through secure and strong internet networks or digital payment systems that work effectively and efficiently in parallel with each other."

Saleh continued, "As for the other category, it is the advanced legal infrastructure that provides protection for the rights of users, operators, and the public right against electronic and financial crimes arising from the digital transformation."

He pointed out "the importance of having the ability to keep pace with the developments of digital technology in the virtual world on an ongoing basis," indicating that "the advisory team in the General Secretariat and all relevant Iraqi state institutions are keen to achieve this to ensure that Iraq enters the new digital age."  link

TIDBIT FROM MARKZ, 28 FEB

 MarkZ 

  “Iraq and Switzerland sign double taxation agreement to enhance economic cooperation”  This is very interesting…

They are really going international in actions as well as words. Many contracts being signed with many countries the last few weeks…huge progress for Iraq.

“To arrange the papers with the Americans: The reasons for Al-Kazemi’s return to Baghdad”  This is former prime minister, Al-Kazemi is extremely well versed and well connected in the US and Sudi political systems.

 He is back in Iraq to be a go between/ mediator as they work through all their final agreements with the US, Saudi and the basket of currencies . They have the A-Team in charge and it is getting fun to watch.

FIREFLY: Our national resources will rise in value...That's basically talking about the dinar.!!