FRANK26: "MACRON TALKS WITH TRUMP & THEN HE TALKS TO SUDANI", 17 MARCH

 KTFA

FRANK26: "MACRON TALKS WITH TRUMP & THEN HE TALKS TO SUDANI"......F26

Macron discusses with Al-Sudani his visit to Iraq and holding a new version of the Baghdad Conference.

3/15/2025

 

French President Emmanuel Macron discussed with Prime Minister Mohammed Shia al-Sudani his upcoming visit to Iraq and the possibility of holding a new edition of the "Baghdad Conference."

This came during a phone call Al-Sudani received from Macron, during which they discussed a range of issues of mutual interest, according to an Iraqi statement received by Shafaq News Agency.

During the call, the two sides agreed that a bilateral team would set a date for Macron's visit to Baghdad and discuss the possibility of holding the third edition of the Baghdad Conference for Cooperation and Partnership .

The call also witnessed a convergence of views between Iraq and France regarding the new political process in Syria, which must reflect social diversity, while emphasizing the need to combat terrorism and extremism and work towards a pluralistic and inclusive political process.

Al-Sudani and Macron also stressed the importance of stabilizing Lebanon, strengthening efforts to rebuild Gaza, maintaining the truce, and preventing any escalation that might arise as a result of non-compliance.

Regarding the situation in the region, it was agreed to coordinate jointly to enhance stability and avoid further escalation, while emphasizing the importance of finding a peaceful solution to the Iranian issue, avoiding the risk of escalation, and resolving disputes through dialogue.

According to the statement, the Iraqi Prime Minister affirmed Baghdad's commitment to maintaining bilateral relations and strengthening cooperation at various levels, particularly in the economic and cultural fields. He also pointed to the important projects undertaken by French companies and the possibility of expanding them in light of the French President's upcoming visit to Iraq.

For his part, Macron expressed his country's desire to continue cooperation with Iraq in various fields, stressing France's readiness to coordinate with Iraq in the fight against terrorism, given its global challenge and threat at the local and regional levels. He also praised Iraq's role and efforts in combating terrorism.

LINK

TIDBIT FROM BRUCE, 17 MARCH

 Bruce   

[via WiserNow] 

 you know, the redemption centers have a higher rate...way higher on dinar with a contract rate that the banks don't even think about having...

Now the dong I've understood just this last week will have a rate that will be the same at the redemption center as it is at the bank...

AJ : 🇮🇶🔥 IT'S DONE Article 2!! @DINARREVALUATION #iraqidinarinvestor #i...

FRANK26: "THE IQD EXCHANGE RATE... FREED FROM IRANIAN SHACKLES!!!"

 KTFA

FRANK26: "THE IQD EXCHANGE RATE... FREED FROM IRANIAN SHACKLES!!!".......F26

Iraq Freed from "Iranian Shackles" as Al-Sudani Visits Basra to Follow Up on Gulf Gas Import Project

 

- Basra

 

Prime Minister Mohammed Shia al-Sudani will arrive in Basra Governorate tomorrow, Sunday (March 16, 2025), to follow up on the work of the floating gas pipeline project, in a crucial step to secure the country’s energy needs after the expiration of the US waiver for importing Iranian gas.

Ali Al-Mashkoor, a member of the Oil, Gas and Natural Resources Committee and representative of Basra Governorate, revealed in a statement to Baghdad Today on Saturday (March 15, 2025), that “the Ministry of Oil began working on the project 30 days ago, and is proceeding at an accelerated pace to complete it within 120 days, with the completion rate so far reaching more than 33%.”

He added, "Iraq is moving towards contracting with Qatar and the Sultanate of Oman to import 200 cubic meters of dry gas," noting that "the Ministry of Oil has begun constructing a pipeline extending from the Khor al-Zubair docks to the Shatt al-Basra Regulator, 40 km long and 42 inches in diameter, in accordance with international standards. "

He stressed that "the project is being implemented by purely Iraqi hands, including national effort cadres from the Oil Projects Company, which enhances Iraq's ability to implement strategic projects on its own."

He stressed that "the directives of Oil Minister Hayan Abdul Ghani call for expediting implementation to ensure the pipeline's readiness before the summer season, which witnesses a sharp increase in demand for electricity."

Iraq has long relied heavily on Iranian gas to power its power plants, importing approximately 40% of its energy needs.

However, this reliance has made Iraq vulnerable to political pressures and fluctuations resulting from US sanctions on Iran, which require periodic waivers from Washington to allow continued gas flow.

On March 8, the US waiver expired, meaning Iraq is no longer officially able to import gas from Iran without facing legal and economic consequences.

With the arrival of summer, when electricity demand peaks, urgent action was needed to find alternatives that would stable energy supplies.

According to experts, this project falls within the Iraqi government's vision to enhance energy security and reduce waste in the oil and gas sector. It also aims to create local job opportunities through Iraqi-led project implementation, thereby enhancing the country's energy independence.

LINK

DINAR EXCHANGE: 🚨 Kurdistan oil exports are BACK!, 17 MARCH

 DINAR EXCHANGE

Kurdistan oil exports are BACK! Iraq’s parliament just cleared the way, with SOMO managing sales.

Producers like #GKP could see HUGE gains in cash flow! This could be the investment opportunity of 2025! Don’t miss out! #OilStocks #Investing #EnergyBoom #iraqidinar Iraq’s parliament has approved a budget amendment facilitating the resumption of oil exports from the Kurdistan region. This legislative change mandates that the Kurdistan Regional Government (KRG) transfer its oil output to the State Oil Marketing Organization (SOMO), Iraq’s state-run oil firm, effectively ending a nearly two-year halt in exports. The budget amendment sets the transport and production cost rate for oil in Kurdistan at $16 per barrel. However, Turkey has not yet received formal confirmation from Iraq regarding the resumption of oil flows through the Iraq-Turkey pipeline. For companies like Gulf Keystone Petroleum (GKP), which operate in the Kurdistan region, this development is significant. GKP’s shares recently crossed above their 200-day moving average, indicating positive market sentiment. Analysts have set a “speculative buy” rating for GKP, with a price target of GBX 190. In summary, the Iraqi parliament’s approval of the budget amendment is a crucial step toward resuming Kurdistan’s oil exports under SOMO’s management. This development is expected to enhance the financial prospects of producers like GKP, potentially increasing their free cash flow. However, the actual impact will depend on the successful implementation of the export arrangements and the resolution of logistical challenges, including the finalization of agreements with Turkey for pipeline use.

JEFF: " THE RATE WILL CHANGE ON A SUNDAY MORNING" @DINARREVALUATION

FRANK26: "DIGITAL = CASHLESS SOCIETY & IT BRINGS SECURITY & STABILITY", 17 MARCH

 KTFA

FRANK26: "DIGITAL = CASHLESS SOCIETY & IT BRINGS SECURITY & STABILITY"....F26

The Central Bank unveils a comprehensive plan to eliminate paper transactions.

3/15/2025

 

Baghdad
 

Central Bank Governor Ali Al-Alaq announced on Saturday that the government is working on a roadmap for a comprehensive digital transformation.

 

Al-Alaq told the official agency, as followed by "Al-Eqtisad News": "The government is working on a plan and roadmap to transition to e-government. There are steps, efforts, and a data center, and we hope that the ministries will take the initiative to interact." 

 

He added, "The Central Bank has a comprehensive plan. Over the past year, we have been able to reduce paper usage by 50%, and we will soon eliminate all paper transactions."

 

He continued, "The Central Bank is working to create a digital currency. This is a major undertaking being undertaken by the bank in coordination with international and Arab organizations and entities, and directly with the Arab Monetary Fund."

 

LINK