Look at the 8 oil companies that do not want to start the flow of the oil.
Ask yourself, why?
IMO the answer is because the new exchange rate has not been revealed to them yet.
Sudani protects it until he is ready...If and when the oil starts flowing, it should be with the same new exchange rate that is in the budget...This oil cannot flow at 1310. It's literally impossible mathematically let alone financially.
..we are not likely to see any reinstatement of the dinar until Iran is broken. I mean the government leadership toppled and the terrorist networks abolished...I am told by my CBI contact this must take place to move ahead in Iraq and free Iraq. As long as Iran exists in its present state, the U.S. is NOT going to release (or free) its dinar to the world.
In the midst of the issues with Iran and the U.S., things are still moving ahead in Iraq. It may be an uphill battle for Al-Sudani and Al Ali-Alaq but they is still aggressively moving forward...the dinar is finally rising in relation to the dollar. Yes, the dinar is finally slowly rising. It should not be long before Iraq rises to the top of the middle east and they advance in the rest of the world in global stature.
Shafaq News/ The American website “Real Clear Angry”, which specializes in energy affairs, considered that the arrival of the date of March 7 represents an occasion to test the Donald Trump administration team on whether it will push Iraq to “liberate itself from the grip of Iran” by getting rid of Iranian energy resources, by stopping the US presidential exemptions that allow Baghdad to obtain gas and electricity exports from the Iranians.
The American report, translated by Shafaq News Agency, explained that the validity of the last exemption from sanctions granted by the Joe Biden administration for a period of 120 days, which allows the export of Iranian gas and electricity to Iraq, expires on March 7, 2025.
The report indicated that the Trump administration had spoken of its intention not to sign the waivers again in the second presidential memorandum related to national security, dated February 4, which reactivated the maximum pressure policy against Iran.
The website considered in its report that Washington should end the exemption, because Iraq is now closer to achieving energy independence, at a time when Iran is repeatedly cutting off energy supplies to Iraq due to shortages inside Iran, adding that the United States must help Iraq stand on its feet for the first time in the summer of 2025.
After the report mentioned that Iraq had obtained for more than a decade the American exemption under the National Defense Authorization Act (the American defense budget) in 2011, which extends to countries that have significantly reduced their purchases of Iranian oil or in cases where there is an interest in American national security, it indicated that this exemption extended to Iraq, including during Trump’s first term.
The report saw that Iraq could make the transition away from Iranian supplies next summer, by relying on local resources such as fuel oil, which Iraqi organizations classified by the US as “terrorist” and supported by Iran, are smuggling oil to international markets.
The report considered that getting rid of the Iranian threat network represented by Hamas, Hezbollah, and the Assad regime, in addition to Iranian air defenses, means that the opportunity has become available to loosen Iran’s grip on Iraq, but on condition that the momentum is maintained, noting that Iraqi leaders are currently waiting for a sign that the Trump administration has a different and more powerful policy towards Iraq than the Biden team.
The report noted that several important issues revolve around the perceptions of the Iranian-backed militias that run Iraq: Should they release the hostages that the Trump team is trying to free? Should they honor contracts signed with American investors in the Kurdistan Region? Should Iraq import American or Iranian gas? Should Iraq lift the arrest warrant against Trump himself because he ordered the killing of “terrorist” leaders on Iraqi soil?
The report continued that the Trump administration’s second national security presidential memorandum explicitly states that “the Secretary of State must modify or revoke sanctions waivers, particularly those that provide Iran with any degree of economic or financial assistance.”
Whether the Trump team implements this policy or falls at the first hurdle is the issue at hand, the report added.
Therefore, the report said that there is no more logical time than now to push Iraq towards the finish line of energy
independence from Iran, adding that if Iraq switches to using liquid fuels for months, its dependence on Iran next summer could decline to at least 4% (not 40%) of peak power generation, indicating that this could insulate Iraq from the effects of a shortage of Iranian supplies by switching to primary resources that Iraq has.
The report concluded that the threat of rejecting the exemption, in light of the shortage of Iranian supply, will push Iraq for the first time to move quickly to replace Iranian energy resources, by accelerating plans to import electricity from the Kingdom of Saudi Arabia, and using ships to import liquefied natural gas to the Iraqi coast.
The report warned that this trend should be encouraged and supported more, which would be in Iraq’s interest as well as in the national interest of the United States, explaining that ending presidential exemptions from sanctions on March 7 could begin to liberate Iraq from Iran’s grip.
The report pointed out that this trend could be accompanied by strengthening media materials directed at Iraqi public opinion, which show the extent of the unreliability and high cost of Iranian energy supplies, in addition to the urgent need to reduce dependence on Iran in the end.
It is continuing the pattern that no one is saying it's a scam.
If they do say it's a scam it's probably a teller but everything behind the teller, what do they say?
'Not at this moment.', 'Not right now.', 'No we're not exchanging.' But they don't say it's a scam anymore. That's good.
Look at the 8 oil companies that do not want to start the flow of the oil. Ask yourself, why? IMO the answer is because the new exchange rate has not been revealed to them yet. Sudani protects it until he is ready...
If and when the oil starts flowing, it should be with the same new exchange rate that is in the budget...This oil cannot flow at 1310. It's literally impossible mathematically let alone financially.
The meeting between the Ministry of Oil and Natural Resources of the Kurdistan Regional Government and Epicor concluded without reaching any agreement on the outstanding issues between the two parties.
A source said, “The problems remained the same, and no significant progress was made in the negotiations.”
This meeting came after the same tripartite meeting was held last Sunday, 02-03-2025, in Baghdad, and its results were presented to Prime Minister Mohammed Shia al-Sudani at the Federal Cabinet meeting on Tuesday, 04-03-2025.
According to the agreement between the governments of Iraq and the Kurdistan Region, in the first phase, 300,000 barrels of oil per day will be produced in the Kurdistan Region, 185,000 barrels of which will be exported through the Ceyhan port, while the other 115,000 barrels will be used to meet local needs.
Since March 2023, the export of 400,000 barrels per day of oil from the Kurdistan Region and an additional 75,000 barrels from Kirkuk via the port of Ceyhan has been halted, following a decision by an international arbitration court in Paris in favor of the Iraqi federal government.
On Thursday, Iraq’s parallel market saw the exchange rates of the US dollar against the Iraqi dinar rise in both Baghdad and Erbil. In Baghdad, the unofficial rate settled at 1,483 dinars per dollar, while in Erbil it reached 1,480 dinars per dollar.
Meanwhile, the Central Bank of Iraq (CBI) maintains an official rate of 1,310 dinars per dollar.
The first step Turkmenistan took when it issued lower-denomination notes and revalued its currency was unifying the unofficial and official exchange rates.
This is exciting because the International Monetary Fund (IMF) recently recommended that Iraq’s finance minister reduce the gap between Iraq’s parallel and official rates by increasing larger trades in the dinar. They were specifically addressing the parallel market.
At some point, the CBI will likely establish a single unified rate for Iraq.
This aligns with what Mohamed Saleh, the Prime Minister’s financial advisor, has confirmed: geopolitical controls on informal trade are pushing more engagement toward official foreign currency outlets. This shift helps finance foreign trade through a stable, recognized international financial system.
