The Ministerial Council discusses the completion of the budget schedules and developments in the oil market locally and globally, 11 march

 The Ministerial Council discusses the completion of the budget schedules and developments in the oil market locally and globally

Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein chaired the eighth session of the Ministerial Council for the Economy today, Monday, to discuss completing the budget schedules and developments in the oil market locally and globally.

A statement by the Council, received by {Euphrates News}, stated that: "The session was held in the Council building in the presence of the Deputy Prime Minister and Minister of Planning, the Ministers of Finance, Trade, Agriculture, Industry, Labor and Social Affairs, in addition to the Secretary-General of the Council of Ministers, the Governor of the Central Bank, the Undersecretary of the Ministry of Oil, the Deputy Chairman of the National Investment Commission, and the Prime Minister's Advisors for Economic and Legal Affairs."

According to the statement, the Council hosted the Minister of Interior to discuss the project to rehabilitate vehicle registration sites and issue driving licenses throughout Iraq, in addition to the smart signals project and the radar system in the capital, Baghdad, where the Minister explained that "these projects will contribute to improving the services provided to citizens, enhancing traffic flow, and reducing congestion." The Council supported the measures taken by the Ministry in this regard, and recommended submitting them to the Council of Ministers.

The Council also discussed with the Deputy Prime Minister and Minister of Oil the completion of the budget schedules, where the Minister provided a detailed explanation of the reality of the local and global oil market, in terms of prices and expected production quantities, expenses necessary to manage extraction and marketing operations, and purchase of petroleum derivatives, in addition to the expected revenues from the oil sector.

The statement continued, "The Council also hosted the Undersecretary of the Ministry of Electricity and officials in the Ministry, in addition to the Director General of the Trade Bank of Iraq and a number of heads of investment companies specialized in the energy sector, to review investment contracts and discuss the best ways to ensure the continuity of electricity supplies, especially with the approach of summer

While the Council hosted the head of the Central Organization for Standardization and Quality Control, to discuss the Ministry of Planning's request to postpone the implementation of the Iraqi specification for vehicles, and organize the process of issuing car import licenses until the end of this year. 

The head of the agency explained that "the postponement will enable the relevant authorities to complete the required technical procedures, in line with the Consumer Protection Law and the Competition and Anti-Monopoly Law," and the council approved the request, setting December 31, 2025 as the final date for implementation.  link

AJ : 🔥 Pipeline to Turkey’s Ceyhan port UPDATE!, 11 MARCH

AJ 

Pipeline to Turkey’s Ceyhan port Baghdad is now suggesting it will make nice with the Turkey by giving them Basra oil and cutting the Kurds out. Iraq-Iraqi Kurdistan export talks ended this week without any resolution, leaving Kurdish oil stranded indefinitely. The three parties to the talks–Iraq, Iraqi Kurdistan (KRG) and Turkey–were quick to say that a new round of talks was expected next week, but no one’s holding their breath. The talks were to finally restart crude exports from Iraqi Kurdistan, which had been offline over disputes about export rights and the federal budget, as well as over Turkey’s receipt of Kurdish oil that bypassed the Iraqi federal government. Baghdad has won this war, but it’s getting greedy now. The talks failed because Baghdad suddenly suggested it might export Basra oil from southern Iraq through the Turkey Ceyhan port. This will be seen as a major insult to the Kurdistan Regional Government (KRG). The KRG was exporting its oil via pipeline to Turkey’s Ceyhan port. While it remains unclear, it appears that Baghdad is now suggesting it will make nice with the Turks by giving them Basra oil and cutting the Kurds out. IMO, there are a lot of power plays going on over this, so sit tight and see how it plays out. I've traded crude oil for years and have watched this drama unfold for years. Like the article said, no one's holding their breath.

10:16 AM · Mar 11, 2025

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Frank26 : Don't ever let go of your dinars.!! @DINARREVALUATION #iraqidinarinvestor #iraqidinar

 

The World Bank confirms its great interest in enhancing Iraq’s ability to face economic challenges, 11 march

 The World Bank confirms its great interest in enhancing Iraq’s ability to face economic challenges

Baghdad – Mil

The World Bank confirmed on Tuesday that it pays great attention to enhancing Iraq’s ability to face economic challenges.

A statement from the Ministry of Finance, while receiving the World Bank Representative to Iraq Jean-Christophe Carré and his accompanying delegation, stressed the importance of the continuous partnership with the World Bank, and Iraq’s aspiration to benefit from the technical and financial support provided by the bank in implementing strategic projects to stimulate economic growth and provide job opportunities, especially in areas that include infrastructure and human development,” said a statement from the Ministry of Finance.

The statement added that “the meeting discussed ways to enhance economic and financial cooperation between Iraq and the World Bank.”

The participants reviewed “a number of key topics related to promoting financial stability in Iraq, as well as discussing the development projects that the two parties seek to implement with a view to achieving sustainable development.”

For his part, the World Bank representative expressed “the Bank’s commitment to continue supporting Iraq in achieving its development goals,” noting that “the World Bank pays great attention to enhancing Iraq’s ability to face economic and developmental challenges, with a focus on the sustainability of development and achieving inclusiveness in the benefits achieved.”

https://miliq.news/political/43697–.html

EXCERPTS FROM MARKZ, 11 MARCH

 EXCERPTS FROM MARKZ

Member: Mark if the mediators were paid then it has definitely moved forward correct? So now we just hope no more delays with bond guys etc!

MZ: I have a couple of interesting things from a couple of bond contacts. They are being told the vast majority of money definitely moves in March. They believe this is their month for redemptions. 

MZ: There are a number of them with dollars…small amounts. My understanding is the full amount- the bulk of their dollars will move all at the same time….and on the same day. I got that from 4 different bond contacts in different groups. 

MZ: they are all saying the big dollars will release all at once for all of them.

MZ: A couple of groups are working hard and they are also being told that this is their month. Crossing my fingers it is true and we don’t get another letdown.  But there is certainly a lot of chatter right now. 

MZ: We will never be in a perfect spot for this, but at some point they have to pull the trigger. Fantastic news over the weekend…it just needs to manifest. 

SANDY INGRAM : How the Development Road Project will help Iraq increase the value of its currency:?

 

US National Security Advisor to Sudan: Ending Exception for Electricity Supply from Iran Linked to Maximum Pressure Policy, 11 MARCH

  US National Security Advisor to Sudan: Ending Exception for Electricity Supply from Iran Linked to Maximum Pressure Policy

Prime Minister Mohammed Shia Al-Sudani received a phone call today, Sunday, from US National Security Advisor Michael Waltz, where both sides affirmed their commitment to strengthening and deepening the strategic partnership between Iraq and the United States.

The Prime Minister's media office said in a statement received by {Euphrates News} that "the discussions focused on enhancing bilateral cooperation in the economic and security fields, as the Prime Minister affirmed Iraq's commitment to expanding economic relations with the United States, encouraging American companies to invest in the growing Iraqi market. He also reviewed the important reforms and initiatives implemented by his government to create a more stable, transparent and attractive environment for investors."

 For his part, the US National Security Advisor encouraged the Prime Minister to rely more on American companies, and to work to solve the problems and remove the obstacles facing those companies operating in Iraq, including the Kurdistan Region of Iraq, to ​​encourage them to work and invest in Iraq.

The two sides also stressed the importance of joint efforts to build a strong Iraq capable of relying on itself. The discussions also included addressing issues and the role of American companies operating in this field. In this context, the United States renewed its commitment to supporting Iraq’s energy independence and expressed its readiness to cooperate in accelerating the achievement of this goal.

Regarding the security file, National Security Advisor Waltz affirmed the United States' firm commitment to the security and stability of Iraq in the face of regional and international challenges. The two sides also stressed the importance of continuing cooperation to ensure Iraq's sovereignty and stability in the long term, especially in light of the turbulent conditions in the region.

Waltz added that ending the exemption for electricity supplied from Iran is linked to the maximum pressure policy, which confirms the importance of bilateral coordination to avoid any potential negative effects on Iraq's stability.

The call reaffirmed the strong partnership between Iraq and the United States, with both sides expressing their shared vision for a secure, prosperous, and sovereign Iraq. link