FRANK26….5-20-25…….13303

Oil Minister: The Iraqi Oil Services Center will transfer well revenues to the state treasury.

  Oil Minister: The Iraqi Oil Services Center will transfer well revenues to the state treasury.

 Deputy Prime Minister for Energy Affairs and Minister of Oil, Hayan Abdul-Ghani Al-Sawad, explained today, Tuesday (May 20, 2025), that the establishment of the Iraqi Center for Oil Services will transfer financial revenues from oil extraction and well drilling to the state treasury instead of going to foreign companies.

Al-Sawad said in a statement to Baghdad Today, "The well-drilling operations require a number of supporting operations that will be under the control of the center, which will save money for the state treasury."

He pointed out that "the center has actually proceeded with updating specialized equipment in a number of oil companies, particularly the Basra Oil Company," explaining that "Basra Oil Company purchased some equipment years ago, and after its arrival in Iraq, the selling companies refused to deliver the software to Iraq. However, the company preserved this equipment, and it has now been updated, and it will enter service as important equipment in the oil sector."

Last Friday, the Oil Minister inaugurated the Iraqi Oil Services Center in Basra Governorate, a move he described as significant in achieving self-sufficiency in vital sectors. This move aligns with the government's directives and decisions within the government program, as well as creating national partnerships with the private sector and relevant entities in the oil industry. link

TIDBIT FROM MNT GOAT

 Mnt Goat

  ...the 34th Arab Summit held in Baghdad this past Saturday, May 17, 2025...was a pivotal moment in strengthening Iraq’s regional economic role and consolidating its position as one of the most prominent players in shaping the Arab development map,

 at a time when it has risen to fourth place in the Arab world in terms of gross domestic product by 2025.  

This is just yet another ride on the RV choo-choo that Iraq took to strengthen its position even more. If later they are going to present a dinar rate much higher than most, if not all middle eastern countries, they better be able to back it up.

NADER FROM MID EAST : Need cash out of the street

The Ministry of Finance is discussing with the World Bank the establishment of a permanent office in Iraq.

 The Ministry of Finance is discussing with the World Bank the establishment of a permanent office in Iraq.

On Tuesday, May 20, 2025, Iraqi Finance Minister Taif Sami received a delegation from the European Bank for Reconstruction and Development to discuss joint cooperation, a number of economic and investment issues, and the establishment of a permanent office in Iraq.

 The Ministry of Finance stated in a statement received by Al-Jabal that "the meeting focused on expanding the bank's role in Iraq during the next phase, particularly in the areas of supporting the private sector, financing small and medium-sized enterprises, and providing technical assistance to government agencies, in line with the priorities of the government program to improve the business environment and develop infrastructure."

According to the statement, the two sides discussed "the progress made in the negotiations on the Host Country Agreement, which aims to enable the Bank to establish a permanent office in Iraq, facilitate its mission of providing technical and advisory support, and expand its network of cooperation with local institutions."

 Potential areas of cooperation were also reviewed, including renewable energy, transportation, and modernizing the financial sector, which would contribute to attracting investments and stimulating economic growth.  link

IWFG1818:  Continuation of the National Emergency With Respect to the Stabilization of Iraq

https://www.federalregister.gov/documents/2025/05/14/2025-08786/continuation-of-the-national-emergency-with-respect-to-the-stabilization-of-iraq#:~:text=For%20this%20reason%2C%20the%20national,declared%20in%20Executive%20Order%2013303.

FIREFLY: They say we are still very safe and stable with our reserves and secure

 Frank26  

 [Iraq boots-on-the-ground report]  

 FIREFLY: Television says our foreign reserves have fallen to $100 billion from $110 billion...We'll make that up next month.  

But they say we are still very safe and stable with our reserves and secure.  

Frank26   

Question:  "Won't the black market get away when they raise the rate?"  

No!  The black market will be annihilated.  There won't be a need for the black market.  The black market is there because they're trying to rip off the Iraqi citizens. 

 Once you have an established exchange rate, no.  1310 is not established.  It's a program rate.

EXCERPTS FROM MARKZ: "We are in a 36-48 hour window"

 EXCERPTS FROM MARKZ

Member: From another intel provider: (TS) Well folks, I have received notifications that we are in a 36-48 hour window from 3 sources. Europe, China and our Treasury.

 I along with a few brokers and my bankers are attempting to confirm any one or all of these notifications.

 I have never had this many indications all in the same period of time, but one notification was for tomorrow night was the drop dead timeline for this to go. Be safe, say your prayers and God bless.  From 11: 48 last night. ;

MZ: That fits with the bankers looking for Wed. night through Saturday. I am just trying not to let myself get to excited.