Friday, April 4, 2025

Baghdad calls for an urgent meeting to resume negotiations on Kurdistan oil export, 4 APRIL

 Baghdad calls for an urgent meeting to resume negotiations on Kurdistan oil export

The Ministry of Oil issued a statement on Friday on the resumption of exports through the Iraq-Turkey pipeline, while noting that Prime Minister Mohammed Shia Al-Sudani confirmed that the sale of oil with illegal frameworks is an infringement on the rights of the Iraqi people.

The ministry said in a statement received by (Mawazen News), that “the ministry regrets the publication of a erroneous and misleading statement of the Apicor Association issued on March 28, 2025, which claimed that the ministry expressed its unwillingness to negotiate a solution that meets the contracts concluded between Apicor companies and the Kurdistan Regional Government, as the Ministry of Oil is working to ensure the 

proper application of the amendment to the budget law adopted on February 2, 2025, so that exports can be started through the Iraq-Turkey pipeline as soon as possible,” pointing out that “the amendment of the budget law stipulates that the Federal Ministry of Finance shall compensate the Kurdistan Regional Government for the cost of producing and transporting crude oil to the oil marketing company Iraqi (Sumo) or to the Ministry of Oil.” 

She added that “the budget law also stipulates that the fair estimated costs of production and transportation for each field separately by an international consultant, and that these costs should be used to determine payments from the Federal Ministry of Finance to the Kurdistan Regional Government, while the amendment of the budget law requires the immediate delivery of all production

 in the Kurdistan Region to the Iraqi Oil Marketing Company (SOMO) and the Federal Ministry of Oil, with the application of a temporary compensation mechanism to pay payments to the Kurdistan Regional Government during the international consultant’s work,” noting that “the Government of Iraq has taken concrete and serious steps to prove its good faith in negotiations and ensure the resumption of oil exports through the Iraq-Turkey Pipeline (ITP) quickly and responsibility, and has worked continuously in a way that ensures and serves the national interest of the country, and has made great efforts to preserve Iraq’s resources and implement legal and sustainable solutions.” 

She explained that “Prime Minister Mohammed Shia Al-Sudani confirmed that the sale of oil with illegal frameworks outside the responsibility of Sumo and the mechanisms for its sale is an infringement on the rights of the Iraqi people, and he also publicly defended the recent amendments to the general budget law; which were approved through a legitimate democratic mechanism; to enhance transparency and governance of the management of oil resources, and the government at the highest levels engaged to find a just solution to this issue,” 

noting that “the main challenge in these negotiations is that every time progress is made through a certain agreement, non-positive steps are taken; but it is not by the Iraqi government, as unrealistic and extra-legal demands hinder progress towards A final settlement, especially with the emergence of new complications that contradict previous agreements.”

 The ministry stressed that “such demands do not serve constructive negotiations based on good faith, and reaching an agreed solution as soon as possible is crucial to stop non-orthal and illegal sales and to preserve the wealth of the Iraqi people,” adding that “the Iraqi government is committed to protecting the interests of all parties and in a way that provides the supreme national interest, including the interests of international oil companies, in accordance with the laws in force and agreements concluded, and is dedicated to providing an attractive investment environment that supports economic development and ensures a just and sustainable solution that serves all.” 

The ministry called for “an urgent meeting with the concerned parties to resume negotiations and dialogue; provided that the negotiation is subject to the amended budget law, and to reach a clear working mechanism that preserves Iraq’s rights and guarantees its obligations towards investors,” pointing out that “the main objective is to resume the export of oil through the pipeline immediately, safely and legitimately, while ensuring the rule of law and protecting national resources from any illegal exploitation.”

https://mawazin.net/Details.aspx?jimare=260546

EXCERPTS FROM MARKZ, 5 APRIL

 EXCERPTS FROM MARKZ

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.

REPORT FROM MR SALVAGE The pentecostal group leader Betzabe report they are liquid !#iqd

 


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.

FIREFLY: WHEN THE COM IS FINISHED, ALAQ WILL GIVE US THE RATE!! @DINARREVALUATION #iraqidinar

 


A Sudanese advisor reveals the conditions for using the emergency reserve in the three-year budget and the conditions for disbursement., 4 APRIL

 A Sudanese advisor reveals the conditions for using the emergency reserve in the three-year budget and the conditions for disbursement.

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

IRAN BACKED MILITIAS IN IRAQ: Is Nouri al-Maliki Part of the “Axis of Evil”? Does He Support Iran-Backed Militias in Iraq?

  Is Nouri al-Maliki Part of the “Axis of Evil”? Does He Support Iran-Backed Militias in Iraq? Let’s break this down clearly, because multi...