Baghdad or Erbil? Who controls Iraq's wealth?

 Baghdad or Erbil? Who controls Iraq's wealth?

The Iraqi Ministry of Oil declared two agreements between two American energy companies and the Kurdistan Regional Government of Iraq "null and void" due to their failure to obtain federal approval.

 The World - Correspondents

The tense relationship between Baghdad and Erbil has once again come to the fore after the Kurdistan Region of Iraq signed two massive gas field development agreements with two American companies worth more than $110 billion. This move sparked widespread political and legal controversy and brought to the fore an old question: Who owns the decision-making power over Iraq's resources?

Political analyst Naseem Abdullah told Al-Alam TV: "The Iraqi constitution states in Articles 110, 112, and 121 that the management of oil resources is a joint management between the region and the federal government. This provision is explicit, as the 2005 constitution stated that these resources are managed jointly by the region and the federal government. Currently, the region has violated the constitution through its unilateral management, which constitutes a breach of it."

The agreement, announced by the Prime Minister of the Kurdish region, Masrour Barzani , includes the development of massive oil and gas reserves in the Mizan, Topkhana, and Kordemir fields, potentially transforming Kurdistan into a regional energy hub. However, Baghdad, through the Ministry of Oil, quickly declared the agreement invalid, asserting that it violates the constitution and a ruling by the Federal Supreme Court.

Law professor Mohammed Adiq told Al-Alam TV: "Regarding the relationship between the Kurdistan Regional Government and the federal authorities, it is governed by Articles 110, 114, and 112. Therefore, the expired Kurdistan Regional Government must partner with the federal government in managing oil and gas and concluding oil contracts."

On the other hand, Erbil believes its actions are legal and within its jurisdiction, citing the absence of a federal law regulating the oil and gas sector. It asserts that the revenues will benefit both Kurdistan and Iraq.

Kurdish political analyst Hussein Al-Jaf said, "What happened is not a new contract, but rather the transfer of ownership of the project, which was operating in oil, from Kurdistan to another company. Therefore, there is no such thing as a renewed contract."

This sharp contrast raises a highly complex legal and political issue. While Baghdad champions sovereignty over resources, Erbil asserts that it is exercising a constitutional right that is absent from the national agreement.

The relationship between Baghdad and Erbil remains hostage to intense disagreements over resource management, with Baghdad insisting on centralized decision-making and Erbil insisting on its constitutional rights. The absence of a national agreement is evident, making every crisis a renewed conflict between Baghdad and Erbil.  link

TIDBIT FROM MNT GOAT

 Mnt Goat  

 What will the new rate of the dinar most likey be like when it does come out?

  To answer this question just listen to what the CBI has been telling us.

 They are trying to bring back the Iraqi dinar to a rate of something like in the 1980’s. So what was the rate back then?  [In 1980 the dinar was $3.39]

INTEL FROM MR.SAMMY BANK: A REAL INTERNATIONAL RATE FOR IQD IS $4.00 @DI...

Kurdistan Showcases Investment Opportunities at Paris Forum

  Kurdistan Showcases Investment Opportunities at Paris Forum

The Kurdistan Region is showcasing its investment potential at the French-Iraqi Economic Business Forum currently underway in Paris, with top officials encouraging French investors to explore opportunities in key sectors.

Mohammed Shukri, Head of the Kurdistan Region’s Investment Board, addressed a panel during the event, highlighting the Region’s supportive investment environment. 

He emphasized the availability of promising opportunities in the industrial, agricultural, tourism, and energy sectors.

“Now is the time for foreign investors, particularly our French partners, to engage with the Kurdistan Region’s growing economy,” Shukri said, according to a statement released by the Investment Board.

The statement noted that several foreign investors, particularly French businesspeople, expressed readiness to visit the Kurdistan Region to explore investment opportunities firsthand and potentially boost France’s economic footprint in the area.

More than 300 foreign investors and businesspeople—mostly French—are attending the forum, underscoring France’s continued interest in Iraq’s and the Kurdistan Region’s economic landscape.

This event builds on momentum from last year’s first French-Kurdistan Economic Forum, also held in Paris. 

The gathering was organized in coordination with the Kurdistan Regional Government’s Investment Board and MEDEF, France’s largest business federation, to strengthen bilateral economic ties and attract more French investment to the Region. link

EXCERPTS FROM MARKZ

 EXCERPTS FROM MARKZ

MZ: Well last week they told me they finished their final paperwork and were just waiting on funds….so that’s different 

Member: Lets hope its strict NDA’s and we are very close. 

Member: Mark. heard the rumor Bonds are waiting for their money. they are all done 4a is also done

Member: some people are saying the RV went through. I don’t believe it unless I see it with my own eyes. Could they be hidingit from the whole world?

MZ: yes keep waiting until you see it with your own eyes. No I don’t think they could hide it. 

Member: Mark, I did catch a screenshot of my currency converter this AM with IQD at 1.19 USD before they changed it back.

MZ: What I learned over the “FX-VU Strategic Release memo- $4.8101 IQD Anchor and Post  Forex Convergence” screenshot (shows a picture of the article) so far is it is not a government article. But it does represent a researchers tremendous amount of work

MZ: It has led to us tracking down other things that are pointing at it. There are many indicators towards this. My hat is off to whoever did this research. There is supporting evidence that they may be dead on concerning the rate projection…which has me very excited. 

MZ: Somebody may have spent hundreds of hours putting this together. My researchers are still looking at it and it has opened up ways to go in different directions with this. . 

Member: TNT mentioned the rate could be $4.81 a couple of weeks ago. 

MNT GOAT:THE IQD NEEDS GAIN ITS VALUE & BE REINSTATED BACK TO THE FOREX ...

Wednesday Coffee with MarkZ. 05/28/2025

 Wednesday Coffee with MarkZ. 05/28/2025

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: Good morning everyone, good morning mods, good morning Markz

Member: Any word from bond holders?

MZ: Its painful how quiet its gotten

Member: Mark, it’s been quiet with the bond holders before. Is this “quiet” different than before?

MZ: Well last week they told me they finished their final paperwork and were just waiting on funds….so that’s different 

Member: Lets hope its strict NDA’s and we are very close. 

Member: Mark. heard the rumor Bonds are waiting for their money. they are all done 4a is also done

Member: some people are saying the RV went through. I don’t believe it unless I see it with my own eyes. Could they be hidingit from the whole world?

MZ: yes keep waiting until you see it with your own eyes. No I don’t think they could hide it. 

Member: Mark, I did catch a screenshot of my currency converter this AM with IQD at 1.19 USD before they changed it back.

MZ: What I learned over the “FX-VU Strategic Release memo- $4.8101 IQD Anchor and Post  Forex Convergence” screenshot (shows a picture of the article) so far is it is not a government article. But it does represent a researchers tremendous amount of work

MZ: It has led to us tracking down other things that are pointing at it. There are many indicators towards this. My hat is off to whoever did this research. There is supporting evidence that they may be dead on concerning the rate projection…which has me very excited. 

MZ: Somebody may have spent hundreds of hours putting this together. My researchers are still looking at it and it has opened up ways to go in different directions with this. . 

Member: TNT mentioned the rate could be $4.81 a couple of weeks ago. 

Member: Will gold and silver RV before the currencies?

Member: DeSantis signs Gold and silver as legal tender.

Member: Texas already has that as legal tender also

Member: There are quite a few states with Goldbacks now

Member: Funny how my bank now ask me if I still have my IQD, and what am I going to do with them when time comes.

Member: Maybe Iraq is doing a slow float with the parallel market

MZ: “Reasons for the continuous decline in dollar exchange rates in Iraq”  CBI economists say its because they have made tremendous changes in Iraq to bring monetary stability. They expect it to continue to increase the dinar value. I think we are about to see the CBI to make a substantial change in the value of the dinar. 

MZ: “Government advisor responds to Parliament: No financial crisis in Iraq”  Saleh knows how to throw a cherry on top of a sundae. He breaks it down where the numbers are at with the fluctuations in the oil market and cycles since 2014. 

MZ: “Al Atwani: Iraq’s involvement in the International Financial system is no longer an option, but a necessity to enhance confidence in the national economy”  this is about them going fully international without any restrictions.  Which means a fully international currency.

Member: Mark in you humble but "Expert" opinion- what do you think is the holdup to this thing?

Member: I think the Big Beautiful Bill is a switch in the big Reset of GCR GESARA and NESARA.

Member: Here we are again... last Wednesday of another month that's about to bite the dust....I keep my fingers crossed an RV will happen soon.

Member: Thanks to everyone for their encouragement and information. Have a great day today. 

Mod: Whiskey and Wisdom is tonight at 8:00 est