Friday, April 4, 2025
Parliamentary Oil Member: Meeting with the Region is a positive step to break the export stalemate, 4 APRIL
Parliamentary Oil Member: Meeting with the Region is a positive step to break the export stalemate
Zainab Al-Moussawi, a member of the Parliamentary Oil and Gas Committee, confirmed that the Ministry of Oil’s invitation to hold an urgent meeting with representatives from the region is a positive step towards breaking the deadlock in the region’s oil export file.
Al-Moussawi explained in a statement to {Euphrates News} agency, that “the success of the meeting in reaching an understanding formula depends on several factors, including political intention,” noting that “if there is a real will on both parties (Baghdad and Erbil) to resolve differences, the chances of reaching an agreement become greater.”
Al-Moussawi touched on “controversial points such as export mechanisms, the region’s financial share of the budget, and supervision of export and revenues, stressing that if these essential points are understood, this may pave the way for the resumption of exports.”
Al-Moussawi pointed to “internal and international pressures, explaining that there is great economic pressure due to the suspension of exports, and this may contribute to pushing the parties to make concessions.”
It also pointed to “the importance of having mediation or international support, indicating that sometimes international parties (such as foreign oil companies or countries concerned with the oil market) intervene as factors that help to bring views closer.”
Al-Moussawi concluded her statement by saying that “the meeting may contribute to reaching an understanding, but it is not a guarantee in itself, stressing that the result depends on whether there is an actual willingness to resolve differences and make mutual concessions.”
https://alforatnews.iq/news/عضو-بالنفط-النيابية-الاجتماع-مع-الإقليم-خطوة-إيجابية-لكسر-جمود-التصدير
Coffee with MarkZ and Mr. Cottrell. 04/04/2025
Coffee with MarkZ and Mr. Cottrell. 04/04/2025
Apr 4
Coffee with MarkZ and Mr. Cottrell. 04/04/2025
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: TGIF…welcome to a weekend
Member: Good Morning…..Praying for some tangible progress today Mark. Give it to us!!!
Member: Waiting on this RV is making my hair gray..lol
MZ: Got a report from redemption and wealth management folks …..they are working this weekend. But only a half day on Sunday…..not on Saturday
Member: MarkZ... I have close contacts in Japan and South Africa who are rumored to getting 4B Notifications starting today. Wealth Managers are calling in people and Paymasters. Their procedures are in play…hope it’s true.
MZ: Perhaps something is afoot. My last update is for groups to start taking in 4b somewhere around Tuesday …Things have been difficult for all of us right now….. News has been all up and down like a yo-yo.
Member: I wonder where we are with the bondholders ?
MZ: Here is a big one for you. “ASYCUDA representative to Rudaw: Iraq has completed the automation of 18 border crossings” We were told they would secure their financial borders right before we went. They now have secure borders and I think this is an important piece.
MZ: “ APIKUR urges swift resumption of Kurdistan Region oil exports” they desperately want that il to start flowing and are waiting on the rest of the arrangements to be made.
Member: It’s always something over there….sigh
MZ: I am hearing they are (once again) very close. I am hearing they hope to sign everything on Sunday for oil to start flowing Monday morning.
MZ: “Al-Asadi: A 100% Iraqi company will manage the development road project and be linked directly to the Prime Minister” I love this one….All about sovereignty. These huge projects will be managed and run by Iraqis.
MZ: “ Free Iraq from Iran act: US legislative efforts to curb Iranian influence” US representative Joe Wilson , a Republican from S. Carolina introduced this bill and it is all about making Iraq sovereign and free and stable.
MZ: “ Investors react to Global selloff as Japan Banks tank” They were already broken…Many nations have been artificially propping themselves up.
Member: Dow -1092 so far this morning
Member: I heard Klaus Schwab stepped down from the World Economic Forum. …that’s a BIG DEAL!
Member: I heard Iraq has until April 9th to reset their currency or face 39% tariffs. hmmm
Member: Is anybody else getting frustrated that we are just being stung along with this whole RV process.
Member: This has sure been a long movie.
MZ: I am ready for our happy ending.
Member: While Garth Brooks has friends in low places. I have friends who are going places.
Member: This weekend Please Mark!! Let’s make this happen… we all need to think it in….
Member: RV was always said to run east to west. We should hopefully hear something in the U.S. by next week!
Member: If Japan & SA are getting 4B notifications, we should hear something next week? East to West as they always said, right? Fingers crossed
Mod: BREAKING NEWS: MarkZ's WEEKEND email address: Don't Write Me@NeverOnWEEKENDS.Com SERIOUSLY, MARK NEEDS A LITTLE TIME FOR HIMSELF FOR REST AND REC. THANK YOU!!
Member: Enjoy your Friday everyone.
A Sudanese advisor reveals the conditions for using the emergency reserve in the three-year budget and the conditions for disbursement., 4 APRIL
The Prime Minister’s economic advisor, Mazhar Mohammed Salih, revealed on Thursday details of the use of the “emergency reserve” in the 2023 three-year budget, as stipulated in Law No. 13 of 2023.
Saleh told Al Furat News: “The emergency reserve allocations amount to 500 billion dinars, in accordance with Article 6 of the General Budget Law, which grants the Prime Minister and the Minister of Finance the authority to use these amounts to cover emergency expenses if there is an urgent need for spending and there are no allocations for this need, up to 3 billion dinars for each case.”
He pointed out that “any amount exceeding 3 billion dinars requires the approval of the Council of Ministers based on a proposal from the Minister of Finance.”
Saleh also confirmed that the Federal Board of Financial Supervision will submit a quarterly report to the House of Representatives on the uses of the “emergency reserve.”
Regarding the use of this reserve, Saleh explained that “there is no direct connection between it and the completion of ongoing projects, except in extreme emergencies that may relate to the country’s security or economic stability, or any other matters deemed necessary by the executive authority.”
Raghad
BRUCE HIGHLIGHTS, 4 APRIL
Bruce
- Today Thurs. 3 April algorithms and 800 numbers were loaded. There was a problem with Bonds, but it got solved this afternoon.
- We can receive the 800 number at any time. Bruce will post it on his website.
- We will call for an appointment, but there will be a three day waiting period before they call us and let us know when our actual appointment will be.
- There were 26,000 Bonds that were bogus.
JON DOWLING: IRAQ & CURRENCY UPDATE: Clarity Act, China Conflict & What Comes Next? | Mark Z & Zester
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