Saturday, July 5, 2025

Oil Exploration Company Completes 2D Survey in Nineveh

 Iraq's Oil Exploration Company (IEC) has successfully completed the two-dimensional "Hadhab" seismic survey in Nineveh province. The project, carried out by the Eighth Seismic Team of the Field Operations Directorate, covered 1,691.9 km and included 33,876 energy points.

According to a statement from the Ministry of Oil, this was accomplished despite challenging geographical and logistical conditions. The team adhered strictly to approved technical and environmental standards, marking a significant milestone in bolstering Iraq's energy exploration capacity.

Osama Raouf Hussein, Director General of the Oil Exploration Company, praised the professionalism and dedication of the Eighth Seismic Team, calling their work an example of teamwork and ambition aligned with the sector's future needs.

He reaffirmed support for all seismic teams, describing them as the cornerstone of exploration operations, and pledged to overcome all obstacles to ensure project efficiency, safety, and timely delivery.

This milestone is expected to significantly contribute to the national economy by enhancing Iraq's hydrocarbon reserves and offsetting depletion.

(Source: Ministry of Oil)

ARIEL: Once this is Signed we will Begin

 Once this is signed we will begin our walk across the bridge. Wonderful things will happen as we do. But challenges will emerge from the dark factions who will not be joining us on the other side of this journey into “The New Republic”.

  • Your currency
  • Your coins
  • Your metals

You will breath new life into this financial system with your investments. You will be spoken about for your initiative into something that was considered improbable for decades to come.

Be ready.
Be safe.
Be smart.

This type of event will never happen again.


FIREFLY: There was a reason why the rate was protected in the Gazette for so long!! #iqd

 


FRANK26: The Central Bank concludes a course on basic standards for detecting counterfeit currency

 KTFA

FRANK26: The Central Bank concludes a course on basic standards for detecting counterfeit currency.

The Central Bank concludes a course on basic standards for detecting counterfeit currency.

June 29, 2025


The Central Bank of Iraq's Basra branch concluded the "Basic Standards for Detecting Counterfeit Currency" course. The course, organized by the Central Bank's Banking Studies Center, lasted three days, from June 23-25, 2025.
The course was attended by 13 government and private banks from the southern governorates. It also covered key aspects related to recent developments in detecting counterfeit currency and its basic standards.
For their part, the participants praised the training courses organized by the Central Bank of Iraq for their significant impact on developing their job performance.
 
Central Bank of Iraq
Media Office
June 29, 2025

 


TIDBIT FROM BRUCE

 Bruce  

 [via WiserNow] 

  Now, the majority of the information says that we get started with this by or on the weekend, but there's other information that says that it might not be until early next week...Tuesday, Wednesday, time frame... 

Could we get notifications on or about the Fourth of July

 It's possible. I've heard that – The  fifth is on a Saturday. Could be that we start exchanges even over the weekend, or, based on other information, could we get notified very early next week and start exchanges like Tuesday? whichever it is, it's happening soon...

IRAQI BANK FRIEND AKI UPDATE: I have to go back because we're waiting for the new rate!! #iqd

 


FRANK26: "NOW SUDANI MUST FUFILL HIS OBLIGATION"

 KTFA

FRANK26: "NOW SUDANI MUST FUFILL HIS OBLIGATION"........F26

Erbil calls on Baghdad to end the "policy of depriving" the region's citizens of salaries: We have fulfilled our obligations.

7/2/2025

 

The Kurdistan Regional Government's Council of Ministers affirmed on Wednesday the implementation of all obligations imposed by the federal government regarding the region's oil exports through SOMO, and the transfer of sales proceeds to the federal Ministry of Finance. The Council called on Baghdad to end the "policy of depriving" Kurdistan citizens of their salaries. 

The media office of the Kurdistan Regional Government said in a statement received by Shafaq News Agency, "The Kurdistan Regional Government Council of Ministers held a meeting today, chaired by Prime Minister Masrour Barzani. The meeting mainly focused on discussing the results of the recent meetings between delegations from the Kurdistan Regional Government and the federal government, which took place in Erbil and Baghdad in the presence of representatives of oil companies. The meetings focused on starting the export of the region's oil through SOMO, and following up on the disbursement of salaries to the region's employees for the months of May and June."

The Council of Ministers affirmed, according to the statement, that "the Kurdistan Region has fulfilled all of the obligations imposed on it and more, and has shown all the necessary flexibility to begin exporting the region's oil through SOMO and transferring the proceeds from its sale to the federal Ministry of Finance."

He continued, "The region and its oil companies have also demonstrated their full willingness to cooperate with the federal government to remove all pretexts and justifications used by Baghdad to withhold salaries from Kurdistan citizens."

The meeting emphasized that "all parties are now awaiting the federal government's decision to ratify this joint understanding reached in recent days in the presence of oil company representatives. Under this understanding, the federal Ministry of Finance will no longer have any justification for not disbursing financial dues to the region." 

He pointed out that "all issues related to payrolls, job numbers, monthly joint audit mechanisms, coordination between the Federal and Regional Financial Supervision Bureaus, the mechanism for paying salaries through banks, and the Region's share of the federal treasury have been fully implemented, and the Regional Government continues to adhere to them."

The Council continued, "Baghdad must end its policy of depriving Kurdistan citizens of their salaries, as salaries are a constitutional, legal, and humanitarian right for the region's employees, and this right cannot be violated under any pretext or justification."

He added, "In the second part of the meeting, Minister of Labor and Social Affairs, Kwestan Mohammed, presented a report on unemployment and social insurance for workers in the Kurdistan Region."

The report includes "a number of statistics, information, recommendations, and proposals aimed at protecting the rights of workers and employees in private sector institutions by registering them with the Social Security Fund, providing them with retirement rights, and regulating the mechanism for employers' contributions to paying social security dues. This will ensure, in the future, the provision of services to eligible workers and employees entitled to retirement and insurance, including retirement salaries and other services stipulated in the Retirement and Social Security Law."

The Kurdistan Region's employee salary crisis is one of the most contentious issues between Baghdad and Erbil, amid ongoing debate over oil exports, constitutional obligations, and fiscal policies. This makes the upcoming meetings between the two sides pivotal in breaking the current political and financial deadlock.


LINK

RESET INTELLIGENCE: PMF Militia Leaves Iraq & CBI Prepares Infrastructure – Signals for Iraqi Dinar Holders

PMF Militia Leaves Iraq & CBI Prepares Infrastructure – Signals for Iraqi Dinar Holders Introduction Recent developments in Iraq show a ...