FRANK26: "LOL LOL LOL LOL LOL!!!".: Parliamentary Committee Calls on Government to Refer Oil and Gas Law to Parliament , 11 MARCH

 KTFA

FRANK26: "LOL LOL LOL LOL LOL!!!"........F26

Parliamentary Committee Calls on Government to Refer Oil and Gas Law to Parliament Immediately

3/6/2025

Special..

The Chairman of the Parliamentary Oil and Gas Committee, Adnan Al-Jaberi, called on the government today, Thursday, to expedite the referral of the Oil and Gas Law to the Council of Representatives, stressing that its legislation is an essential step to regulate the management of oil wealth and ensure the fair distribution of revenues between the federal government and the producing regions and governorates.

Al-Jaberi said in a statement to / Al-Maalouma / agency, that “the legislation of the Oil and Gas Law is a necessary step to regulate the management of oil and gas wealth in Iraq,” noting that “this law will contribute to guaranteeing the rights of the producing regions and governorates, in addition to developing a clear strategy for investing these resources in the long term.”
He explained,  “The law will protect oil wealth from different interpretations and interpretations, whether in the Kurdistan Region or in the producing governorates, and will work to resolve the existing differences between the federal government and the regional government, and control the relationship between the producing governorates and the center.”

He pointed out that "Article 112 of the Iraqi Constitution stipulates the necessity of regulating the oil and gas sector through the enforcement of a special law, but the lack of a common vision and agreement between the federal government and the Kurdistan Region, as well as between the producing provinces and Baghdad, has prevented its approval so far.

" He stressed "the importance of reaching a consensus that guarantees the rights of all parties," calling on the government to "refer the law to the Council of Representatives." "as soon as possible to ensure the fair and equitable regulation of oil revenues."
It is noteworthy that the approval of the oil and gas law was delayed for several parliamentary sessions due to political differences that prevented reaching a consensus on it. 

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LINK

BROTHERS TECHNOLOGY UPDATE, 10 M

 BROTHERS TECHNOLOGY

Are we going to see the new rate in an imminent fashion with BP SIGNING THE CONTRACT and the pm financial advisor saying the budget tables are ready for both of these things THE NEW EXCHANGE RATE IS REQUIRED.

1:24 PM · Mar 10, 2025

MAJEED: IMF told Iraq Major transaction has to be in DINAR! @DINARREVALUATION #iraqidinarinvestor

 

Between security stability and economic challenges... the last year of Al-Sudani's government, 10 MARCH

 Between security stability and economic challenges... the last year of Al-Sudani's government

As the government of Mohammed Shia al-Sudani enters its final year, many challenges emerge on the scene, despite the achievements made in various fields.

MP Hussein Al-Azirjawi confirmed in an interview with "Baghdad Today", Sunday (March 9, 2025), that "the security situation is stable and has not been affected by regional events," pointing to the readiness of the security forces to confront any emergency.

On the economic level, Al-Azirjawi pointed out that “there are some difficulties, but they are less severe than what previous governments faced,” stressing that “the government is continuing to address the crises, especially with regard to paying salaries and reviving development projects in various governorates.”

He also pointed out that "Al-Sudani's government has achieved broad popular satisfaction, thanks to the resumption of work on a number of vital projects, such as bridges, hospitals and factories.

Despite the challenges of low oil prices, he stressed that "the government has the solutions to overcome the obstacles," expecting that "the economic or security file will not constitute a major obstacle in the next stage."

Prime Minister Mohammed Shia al-Sudani assumed office in October 2022 amid complex political and economic conditions, as his government came after a long formation crisis following the early parliamentary elections in 2021.

Since then, his government has faced sensitive issues, most notably improving the economic situation, enhancing security, and combating corruption, in addition to trying to achieve internal and external political balance in light of the tense regional situation.

As the current government enters its final year, new challenges emerge, particularly in light of the fluctuations in oil prices and their impact on the general budget, in addition to the continued need to implement economic reforms and combat corruption to ensure sustainable improvement in government performance  link

TIDBIT FROM MNT GOAT, 11 MARCH

 Mnt Goat  

Articles:  “INVESTMENT OPPORTUNITIES ARE EXPANDING...FAO IS PREPARING TO TRANSFORM INTO THE LARGEST INDUSTRIAL CITY IN THE MIDDLE EAST” and “MF CONFIRMS SUPPORT FOR IRAQ IN DEVELOPING FINANCIAL POLICIES” 

Quote:  “the development road will transform Iraq into a pivotal commercial center linking the East and the West through advanced industrial cities extending from Al-Faw to the Turkish border,” 

 All I can say is WOW! WOW! WOW!. 

How can the dinar ever stay at 1/6 of a penny in the near future?...

HENING: Trump ...may issue 'unusual' sanctions on Iraq, but in 'doses similar to chemotherapy! #iqd

 

$100 billion annually.. Iraq's spending exceeds the 3 most powerful economies in the world, 10 MARCH

 $100 billion annually.. Iraq's spending exceeds the 3 most powerful economies in the world

The head of the Iraq Future Foundation, Munar Al-Obaidi, revealed the rate of Iraq’s revenues and expenditures during the last ten years. While he explained that the country spends $100 billion annually, which is higher than the annual expenditure of three countries with strong economies, he indicated that the country’s problem is not with resources, but with the way they are managed.

Al-Obaidi said, "Over the course of ten years, Iraq's total revenues amounted to 1,028 trillion Iraqi dinars, with oil revenues accounting for 92% of the total revenues, while tax, customs and other sources contributed only 8%."

He added, "In contrast, Iraq spent 1,007 trillion Iraqi dinars during the same period, in addition to unliquidated loans ranging between 100-150 trillion dinars, which means that total spending exceeded 1,100 trillion Iraqi dinars, which is approximately equivalent to 1 trillion US dollars."

He continued, "Therefore, Iraq's annual spending rate becomes around $100 billion, which is higher than the spending rate of many developed countries, as the annual spending rate for each of the following reached: the United Arab Emirates: $65 billion, Malaysia: $82 billion, and Singapore: $77 billion."

He stressed that "although Iraq spends more than these countries, its GDP still depends almost entirely on the oil sector, compared to these countries that have succeeded in diversifying their economies to reach a GDP of $500 billion annually."

He pointed out that "the great paradox lies in the fact that these three countries do not possess the enormous natural resources that Iraq possesses, nor do they possess the same size of the human population, and yet they were able to build strong and prosperous economies with budgets less than what Iraq spends, while Iraq is still suffering under the burden of oil control, the rentier economy, disguised unemployment, and many economic problems that are growing and getting bigger year after year."

He pointed out that "the problem was never in the resources, but in the way they were managed and employed to achieve sustainable development," adding that "Iraq needs deep economic reforms that focus on diversifying the economy, improving spending efficiency, and combating financial waste to ensure a sustainable economic future."

He concluded his post with, “Iraq needs five words mentioned by a famous program about development a few days ago, which are (a stable government to improve development management). Any loss of any word in this phrase will lead to the collapse of the entire sentence.”  link