Wednesday, May 28, 2025
OIL AND GAS LAW: THE MEMORANDUM OF UNDERSTANDING BETWEEN BAGHDAD AND ERBIL IS POSTPONED TO A NEW PARLIAMENTARY SESSION
OIL AND GAS LAW: THE MEMORANDUM OF UNDERSTANDING BETWEEN BAGHDAD AND ERBIL IS POSTPONED TO A NEW PARLIAMENTARY SESSION.
Despite more than a decade and a half of repeated calls for the enactment of an oil and gas law, this pending issue remains one of the most controversial issues in Iraq, particularly in the relationship between Baghdad and Erbil.
The current government, headed by Mohammed Shia al-Sudani, has repeatedly emphasized the importance of enacting the law as a key to resolving oil disputes and distributing wealth fairly.
STATUS OF THE RV, PART. 5 BY MNT GOAT
STATUS OF THE RV, PART. 5
Update: Banking and Financial Reforms:
😊In the next article titled “THE MINISTER OF FINANCE CHAIRS A MEETING TO FOLLOW UP ON THE RESTRUCTURING OF RAFIDAIN AND RASHID BANKS.
We learn that the “Finance Minister Taif Sami met Wednesday evening with representatives from Rafidain and Rashid Banks, as well as representatives from Ernst & Young, to follow up on the implementation phases of the government-owned banks’ restructuring project.
So, we know this project is not yet completed. Also we learn that Minister Sami emphasized the need to accelerate the pace of work and implement requirements according to the specified timetables, noting that the restructuring of government banks represents a pivotal step toward developing the banking sector and enhancing its efficiency. ”
My point in bringing this article to you is not so much to tell of the restructuring of these two banks, as we already learned about this project, but to show you that all these key projects have specified “time tables” and completion targets. You may ask why? It is just for organizational purposes or are they driving to a specific future date for an overall event and this project is just one of many to be completed to facilitate this event? Just asking…..
😊In the article titles “THE CENTRAL BANK OF IRAQ LAUNCHES THE FIRST NATIONAL STRATEGY FOR FINANCIAL INCLUSION.” We are told that the Central Bank of Iraq (CBI) launched its first National Financial Inclusion Strategy for the period 2025-2029. How many times have we read about this inclusion. I guess we all assumed it was already launched and now we learn it was not. Now the CBI is making the effort more formal and outward. We have read many past articles already on this idea of financial inclusion. But what really is it?
I like this article because it actually defines more clearly what “financial inclusion” is.
It is: “the strategy includes an integrated framework for financial inclusion aimed at enabling all individuals and businesses to access the financial sector and use appropriate and safe financial services while protecting their rights, thus contributing to economic and social development.”
“Also including increasing the percentage of bank accounts, enhancing consumer protection for those dealing with the financial sector, using the latest electronic payment methods, and developing infrastructure and regulations to enhance financial inclusion.”
The article talks more about the Governor of the CBI, Al-Alaq, and his speech on this subject matter. I recommend you go read the full article if you want more info on his speech.
AL-SUDANI LAUNCHES THE “IRAQ FIRST” STRATEGY
AL-SUDANI LAUNCHES THE “IRAQ FIRST” STRATEGY
Amidst regional challenges and accelerating international transformations, Prime Minister Mohammed Shia al-Sudani raised the slogan “Iraq First” by announcing the launch of the National Security Strategy (2025-2030), marking a turning point in Iraq’s journey toward strengthening its position as a strong, stable, and sovereign state.
During the official launch ceremony on Thursday, Al-Sudani noted that it represents the fundamental document that will guide the management of the state’s supreme national interests and define mechanisms for strengthening Iraq’s regional and international relations.
STATUS OF THE RV , PART. 4 BY MNT GOAT
STATUS OF THE RV , PART. 4
Baghdad and Kurdistan Partnership:
😊Next in the article titled “MASROUR BARZANI PRAISES AL-SUDANI: WE HOPE YOU CONTINUE AS PRIME MINISTER” This article is very significant because Al Sudani’s first term in office is coming to an end soon. There will be elections and we all know that these elections can drag on and on.
During them not much is accomplished. So what happened is very good new since it shows us the cooperation between these two elements of Iraq. There must be a strong cooperation for Iraq to be successful and united. So outgoing Kurdistan Regional Government Prime Minister Masrour Barzani expressed his hope on Thursday that Prime Minister Mohammed Shia al-Sudani would continue in his position.
It was expressed that hie views the Kurdistan Region and all other regions of Iraq equally. So, I want to make a point here. Just recently Nori Al-Maliki raised his ugly peanut head and made some really stupid comments in the news, claiming only he can save Iraq and continue the prosperity.
Really? I mean this is just as crazy as much of what the democrats are claiming to be so patriotic, democratic and constitutionally minded, yet look at their past performance and how they have dragged the U.S. down.
Al-Maliki’s audience is a silent elite that only comes out during election time, Actually, I am amazed that Maliki is not yet in prison and this only shows he has come friends in high level places outside of Iraq backing him. Go figure!
Incidentally, the Kurdistan Region Prime Minister Masrour Barzani also just met with U.S. Deputy Secretary of the Treasury Bradley Smith in Washington on Thursday to discuss ongoing financial reforms and digital modernization efforts by the Kurdistan Regional Government (KRG).
😊Also on this same note of Kurdistan we read in the article titled “US SECRETARY OF STATE: KURDISH AUTONOMY AND PROSPERITY ARE CENTRAL TO OUR POLICY TOWARD IRAQ. WE ARE CONCERNED ABOUT THE INFLUENCE OF IRAN AND “MILITIAS.”
In a hearing on this subject matter,theUS Secretary of State Marco Rubio responded to US Representative Joe Wilson’s concerns about Iranian interference in energy agreements concluded by the Kurdistan Regional Government with US companies, while noting that US policy toward Iraq is “Kurdish autonomy and economic prosperity.”
UPDATE: OIL AND GAS LAW:
In the article titled “OIL AND GAS LAW: THE MEMORANDUM OF UNDERSTANDING BETWEEN BAGHDAD AND ERBIL IS POSTPONED TO A NEW PARLIAMENTARY SESSION.”
We learn of the status of the Oil and Gas Law. Al-Sudani’s cabinet has passed the updated law to parliament in the hope they will take it up soon.
In the news they tell us that despite more than a decade and a half of repeated calls for the enactment of an oil and gas law, this pending issue remains one of the most controversial issues in Iraq, particularly in the relationship between Baghdad and Erbil.
Then in another recent article titled “PARLIAMENT PRESIDENCY CALLS FOR EXTRAORDINARY SESSIONS”.
We learn that the House of Representatives’ presidency called on “members of the House of Representatives to prepare to hold extraordinary sessions during the second month of the current legislative recess, with the aim of completing these important legislative tasks and meeting the requirements of the current phase.”.
Will they include the Oil and Gas Law and the long awaited updates to the budget tables?
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