Monday, March 10, 2025

FIREFLY: It appears to us there was no auction on Monday! @DINARREVALUATION #iraqidinarinvestor

FRANK26: "AL-SUDANI KNOWS WHOSE SIDE HE IS ON", 11 MARCH

KTFA

FRANK26: "AL-SUDANI KNOWS WHOSE SIDE HE IS ON"......F26

America calls on Iraq to end dependence on Iranian energy and welcomes Al-Sudani's commitment

3/6/2025

The US State Department called on Iraq to stop relying on Iranian energy sources "as soon as possible. "

In response to whether Washington has reached a deal to renew Iraq's exemption from sanctions on Iranian gas imports, which expires tomorrow, Saturday, US State Department spokeswoman Tammy Bruce said, "At this point, we have nothing to announce regarding the current electricity exemption, which expires on March 8."

"We are reviewing all existing sanctions waivers that provide any measure of economic and financial relief," she added.

The spokeswoman welcomed the commitment of Iraqi Prime Minister Mohammed Shia al-Sudani "to achieve energy independence," expressing her hope that the United States would lead the way when it comes to this type of approach.

Iraq currently produces 27,000 megawatts of electricity through stations, most of which operate on gas, but the production capacity sometimes drops to 17,000 megawatts.

This amount, at its maximum, does not meet the country's electricity needs, as Iraq needs to increase production to reach 40,000 megawatts in order to ensure the provision of energy around the clock.

To solve this crisis, Iraq resorted to importing quantities of Iranian gas, which threatened to expose it to US sanctions, before the United States granted it an exemption that is renewed periodically.

With US President Donald Trump returning to power, he pledged to pursue a policy of "maximum pressure" towards Iran. As a result, the Iraqi government asked the new US administration to extend the waiver granted by the previous administration, according to previous statements by Al-Sudani in an interview with Asharq.

Al-Sudani touched on the issue of ending dependence on Iranian supplies during the interview, noting that the country plans to completely end gas imports by 2028, adding: "There will be clear energy independence."

He continued: "Ultimately, we need this exception to continue throughout this period. At the same time, we have started the process of linking energy with neighboring countries in order to cover our needs, and this is part of the concept of integration that we seek with our brothers."

This is not the first statement of its kind, but rather comes just days after US Secretary of State Marco Rubio called Iraqi Prime Minister Mohammed Shia al-Sudani, where they discussed Iranian influence in the region, and Rubio urged Iraq to "achieve energy independence."

The new US statement may not mean that Washington will not renew the exemption granted to Iraq, but it indicates increased pressure on Baghdad to get rid of these supplies.

The comments come hours after US Treasury Secretary Scott Besant confirmed that the US would tighten sanctions on Iran, adding that the US would “shut down” the country’s oil sector using “pre-determined criteria and timelines.” He hinted that “making Iran bankrupt again (MIBA -F26) would be the beginning of our updated sanctions policy.”

The Treasury secretary suggested that the United States could work with “regional actors” to help Iran get its oil to market. One of those countries is likely to be Russia, which earlier this week signaled its willingness to help the United States in talks with Iran over ending its nuclear program and its support for anti-American regional proxies.

“Treasury is prepared to engage in frank discussions with these countries,” Bessent said. “We will work to shut down Iran’s oil sector and drone manufacturing capabilities.”

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IRAQ UPDATES, 11 MARCH

IRAQ UPDATES

Markets are way down including oil. Oil futures not looking good for Iraq.

Economist commenting Low Oil Prices may force Iraq to Reduce the Exchange Rate and cut expenses.

👉 News that Iraq’s 2025 Budget could go to parliament before March month ends.

💰Get in Line For Something Big.

MARKZ: "Yes, we are trained and ready to go!" @DINARREVALUATION #iraqidinarinvestor #iraqidinar

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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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

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