Revealing the size of foreign investments in Iraq, 8 MARCH

 Revealing the size of foreign investments in Iraq

a statementprime ministerMohammed Shia Al-Sudani, on Thursday, spoke about the size of foreign investments in Iraq, while pointing to the imminent distribution of residential plots of land to the wounded security forces.

He saidoffice SudaneseIn a statement, “The Commander-in-Chief of the Armed Forces hosted the President of the Republic,cabinetMohammed Shia Al-Sudani, this evening, Thursday, a group ofWoundedSecurity forces, at the Iftar table of the holy month of Ramadan.He stressed

Sudanese“The government has placed at the top of its priorities serving the families of the martyrs and the wounded heroes,” stressing that “it is an issue that cannot be compromised or delayed.”He pointed out that “the page of terrorism was not a passing and easy phase, and targeted the social fabric of the people.”

IraqiWith all its components and spectrums,” noting that “the terrorist groups wanted to go

IraqTo the unknown according to a premeditated and paid plot, and a page

ISIS” It is over and it is the last of the series of terrorism that began after 2003,”he continued. “We have directed the ministries and the leaders of the security services to develop a special program to care for the wounded and to meet their demands,” adding, “We are in the process of completing the rights related to the wounded heroes, whether they are salaries or accumulated dues after our last visit to the National Retirement Authority.”He added, “Soon, residential plots of land will be distributed to the wounded security forces in serviced areas in Baghdad and the governorates within 3 months after we recently launched the executive work there.”And in another matter, he said:

Sudanese“The government is working to provide services, construction, reconstruction and development, and without your sacrifices we would not have been able to accomplish a single project,” he stressed, saying, “Today we are attracting major international companies and investors, and we are working to diversify our economy in order to advance the country.”He pointed out that “foreign investments in

IraqIt exceeded 88 billion and entered to complete projects in the country,” explaining that “foreign companies entered

IraqAfter being certain of its security, the stability of its institutions, and the provision of investment opportunities in it.

https://www.alsumaria.tv/news/economy/518617/%d8%a7%d9%84%d9%83%d8%b4%d9%81-%d8%b9%d9%86-%d8%ad%d8%ac%d9%85-%d8%a7%d9%84%d8%a7%d8%b3%d8%aa%d8%ab%d9%85%d8%a7%d8%b1%d8%a7%d8%aa-%d8%a7%d9%84%d8%a7%d8%ac%d9%86%d8%a8%d9%8a%d8%a9-%d9%81%d9%8a-%d8%a7%d9%84%d8%b9%d8%b1%d8%a7%d9%82?src=rss&utm_source=thewall360&utm_medium=rss-articles&utm_campaign=rss&utm_term=Rss

TIDBIT FROM BREITLING, 8 MARCH

  Breitling  

Right now with the dinar, do I still think it's coming down the road? 

 Yes, as far as I know  right now.  But there is too much going on with Syria and that whole thing.  

We don't know where it's going to go or is the United States going to attack ISIS again? ...Iran is being threatened by Israel and the United States. 

So there's a lot going on.  There's  no information to simply say one side or the other.  Having said that, has Iraq's financial goals changed?  No.  Has what they said they want to do with the Iraqi dinar changed?  No, it has not.  It's just how are they going to participate to be part of the  global markets the best way they can.

🔥 REINALDO JC🔥🔥March F*cking Madness 🔥🔥 @DINARREVALUATION #iraqidinarinvestor #iraqidinar

 

After a meeting with the governments of Baghdad and Erbil, “APICOR” sets its conditions for resuming the export of Kurdistan oil, 8 MARCH

 After a meeting with the governments of Baghdad and Erbil, “APICOR” sets its conditions for resuming the export of Kurdistan oil

APIKUR companies, which represent 60% of oil production companies in the Kurdistan Region, revealed  on Thursday, March 6, 2025, details of a meeting with representatives of the federal government and the Kurdistan Regional Government, regarding the resumption of the export of Kurdistan Region oil through the Turkish port of Ceyhan, and its proposed conditions in this regard.

A statement by APIKUR , a copy of which was received by Al-Jabal, stated that “representatives of the Kurdistan Oil Industry Association attended a meeting with officials from the federal government and the Kurdistan Regional Government, to discuss the restoration of oil exports through the Iraq-Turkey pipeline on March 6.” 

“ APIKUR member companies conveyed their required conditions for resuming oil exports during the meeting, as additional meetings are needed to complete the agreements. The companies confirmed that they are ready to resume exports immediately via the Iraq-Turkey pipeline, once the conditions that have been repeatedly communicated since November 2023 are met, which stipulate that oil producers in the Kurdistan Region be treated in the same way as oil producers in federal Iraq,” the statement added.

The companies continued in their statement, “There is a need for fair and transparent agreements that include payment guarantees, transparent implementation of the provisions of the Iraqi budget law, and resolving the issue of late payments. Below are the companies’ conditions for resuming exports:

First: Guaranteeing payment for past and future oil exports

Companies need formal sales/lift agreements with buyers of any exported oil, setting out the terms and conditions and providing assurances that companies will receive full payment for the oil – even if it is in two installments. Agreements should also be in place that see companies paid for oil delivered but not paid for between October 2022 and March 2023. These payments should be made directly and transparently to companies, without intermediaries or undue delays.

Second: Maintaining the commercial and economic terms of production sharing contracts.

The existing company contracts are legally valid and their terms should prevail, the economic model within the production sharing contracts should be respected, the scope of work of the independent technical advisor, required under the revised budget law, should be agreed upon by all parties and limited to confirming the preparation of oil sales invoices to the companies according to the production sharing contracts, and there should be a formal, agreed-upon provision for resolving disputes within the confirmation process. APIKUR member companies have recommended consultants from independent international companies recognized by the KRG officials.”

“ APIKUR member companies stand ready to meet with all stakeholders and finalize the necessary agreements to resume oil exports,” said Miles B. Caggins III, a spokesman for APIKUR , according to the statement . “We appreciate the emphasis placed by the Sudanese Prime Minister’s government and the U.S. government to keep all parties focused on quickly restoring oil exports through the Iraq-Turkey pipeline to strengthen Iraq’s economy.”

https://aljeebal.com/posts/4116

TIDBIT FROM PIMPY, 8 MARCH

 Pimpy 

 What we're doing is crossing our fingers and hoping Iraq changes the exchange rate while the three zeros are still on the currency. 

 If they remove those zeros those millions of dollars you thought you were going get, you're not going to get.

MNT GOAT: .we are not likely to see any reinstatement of the dinar until Iran is broken #iqd

 

Parliamentary Oil excludes the passage of the oil and gas law during the current session, 8 MARCH

 Parliamentary Oil excludes the passage of the oil and gas law during the current session

Economy News _ Baghdad

The Parliamentary Oil and Gas Committee confirmed on Friday that there are differences over the management of resources, which led to obstructing the passage of the oil and gas law, while ruling out its passage in the current electoral cycle.

A member of the Parliamentary Oil and Gas Committee, Namem Ngmesh Al-Gharibawi, said in an interview with the Iraqi News Agency followed by “Economy News”, that “the oil and gas law has been a requirement since 2007, but attempts to legislate it failed due to political differences and incompatibility with the Kurdistan Region.”
He explained that “the law was part of the current ministerial platform, and was supposed to be legisted during this parliamentary session, where committees were formed since 2023 to discuss it, and two drafts were put forward: the first from the federal government and the second from the region, and joint committees were formed to hold meetings between the two parties.”
He pointed out that “most of the technical issues were consensus, but the differences focused on administrative aspects, powers, and the representation of the region and governorates in the Federal Oil Council, in addition to how to manage and distribute resources, as well as past and current rights.”

He pointed out that “the Parliamentary Oil Committee conducted intensive moves with the leaders of the political blocs to clarify the importance of legislating the law, as it regulates the oil wealth that fully finances the state, and contributes to resolving the differences between the federal government and the region, which contributes to achieving political and economic stability.”
He added that “the most prominent point in the dispute between Baghdad and Erbil is related to oil resources and the region’s commitment to the decisions issued by the Federal Court and the International Court,” pointing out that “this law is one of the laws that complement the Constitution.”
Despite all attempts, Al-Gharibawi stressed that “the committees formed were unable to reach a political consensus, which makes the passage of the law during this electoral cycle unexpected.”