LATEST FROM TEXAS SNAKE, 28 AUGUST

 TEXAS SNAKE

• Tues. 27 Aug. 2024 Texas Snake: “I can confirm Farm Claim payments as well.  There is positive movement.”

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 TEXAS SNAKE

Will read all your posts and hopefully the banker will have something positive I can share with y'all tomorrow.

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TEXAS SNAKE

Nothing to share just wanted to let you folks I was still around

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 TEXAS SNAKE

Well folks everything remains very positive for our anticipated event so continue to pray this event in for the sake of the world's economy as well as each of us participants.  GOD Bless each member.

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TEXAS SNAKE

Banker indicates many positive items are pointing to Thursday, we shall see.

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TEXAS SNAKE

AUGUST 03

 love this room now, Leaves TS to be free to speak, admins never jump in cause issues and people have continued to come in and all seem to keep to the subject, truly the room has become what we all wanted it to be.

It is presently 3:10 AM in Bagdad Monday morning and additional info is coming forward over and above what was shared on the Conf Call I was included in last night.  Still very encouraged about tomorrow in US as well as this coming week.

You are correct it will be Monday when the banker calls me in the morning.

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AUGUST 06

Well foiks truly wish I had something to report but with all the NDA;s being issued it is much harder to obtain anything of value.

AUGUST 07

Things are in positive motion folks hang in there, NDA's are the issue at present for status of our benefits to be realized but it is days not months

AUGUST 09

Texas Snake, [08/09/2024, 9:13:08 p. m.]:

While due to the many NDA's that those who have provided info to me has resulted in the limited info I can share we are still in a positive situation to realize our objective.  Wish I could share more of the particulars but cannot risk their safety.

Gonna be an early night forme as I need tp prepare a men's breakfast for our church in the morning but will open for a bit for you folks to share anything you may have.

LATEST REPORTS OF TEXAS SNAKE: 

RV UPDATE BY TEXAS SNAKE, 4 AUGUST

https://dinarevaluation.blogspot.com/2024/08/rv-update-by-texas-snake-4-august_01843290374.html 

RV UPDATE BY TEXAS SNAKE, 2 AUGUST

https://dinarevaluation.blogspot.com/2024/08/rv-update-by-texas-snake-2-august.html 

"WE ARE CLOSER EACH DAY" BY TEXAS SNAKE, 1 AUGUST

https://dinarevaluation.blogspot.com/2024/08/we-are-closer-each-day-by-texas-snake-1.html

OPEC Secretary General's Key Visit to Baghdad: Strengthening Oil Market ...

DINAR REVALUATION UPDATE: THE COMMITMENT OF IRAQ WITH THE OPEC+ ALLIANCE, 28 AUGUST

 Objectives of the Visit

OPEC Secretary General's Visit to Baghdad in August 2024

The Secretary-General of OPEC, Haitham Al-Ghais, embarked on a two-day visit to Baghdad in August 2024. The visit aimed to strengthen bilateral communication on developments in the oil market and to foster cooperation within OPEC and OPEC Plus. 

Al-Ghais's trip to Baghdad was part of a broader effort to enhance and expand the horizons of cooperation in OPEC and OPEC Plus. 1 This included discussions on strategies to maintain stability in global oil markets and ensure that member countries adhere to agreed-upon output cuts. 6

Bilateral Talks

During his visit, Al-Ghais was scheduled to meet with Iraq's Oil Minister and other officials to discuss ongoing efforts to stabilize oil prices and production levels. 1 These discussions were crucial in reinforcing Iraq's commitment to the OPEC+ alliance's decision to voluntarily reduce crude oil production. 6

Iraq's Commitment

Iraq has been a key player in the OPEC+ agreement, renewing its commitment to the output cut agreement in August 2024 . 6 The Ministry of Oil stated that it had taken real and tangible steps to reduce production levels while working to compensate for previous overproduction. 6

Conclusion

Al-Ghais's visit to Baghdad in August 2024 was pivotal for strengthening cooperation within OPEC and OPEC Plus. It provided a platform for bilateral talks on market strategies and highlighted Iraq's renewed commitment to the OPEC+ output cut agreement, emphasizing the country's role in global oil market stability. 1

OPEC Secretary General arrives in Baghdad, 28 AUGUST

   OPEC Secretary General arrives in Baghdad

The Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC), Haitham Al-Ghais, arrived in Baghdad on Wednesday.

The official spokesman for the Iraqi Ministry of Oil said in a statement today, August 28, 2024, "The Secretary-General of the Organization of the Petroleum Exporting Countries, Haitham Al-Ghais, arrived in Baghdad on a two-day visit."

He added, "The visit comes within the framework of bilateral communication on developments in the oil market, in addition to enhancing and expanding the horizons of cooperation in the Organization of the Petroleum Exporting Countries (OPEC) and OPEC Plus."

The ministry spokesman said, "Al-Ghais's visit schedule includes meeting with the Iraqi Oil Minister and a number of Iraqi officials."

Sabah Subhi, a member of the Oil and Gas Committee in the Iraqi Parliament, had previously told Kurdistan 24, “Iraq has exceeded its share of oil exports in OPEC, and must reduce its exports next year. Therefore, Iraq is obstructing all attempts to resume the export of oil from the Kurdistan Region.”

Sabah Subhi added, "The Iraqi Ministry of Oil is obstructing all attempts to resume the export of oil from the Kurdistan Region."

He explained that "Iraq exceeded its share of oil exports in OPEC by 1.4 million barrels out of the 3.6 million barrels allocated to it," adding that "OPEC has repeatedly warned Iraq against exceeding its share of oil exports."

As of March 25, 2023, crude oil exports from Kurdistan fields and Kirkuk province to Turkey via the Turkish port of Ceyhan have been halted.

In addition to suspending all oil activities of foreign companies operating in Kurdistan fields, after the decision of the International Arbitration Court in Paris that these exports are illegal.

This decision comes as a result of a lawsuit filed by the federal government against Turkey at the International Court of Arbitration in Paris in 2014, due to its allowing the flow of Kurdistan oil into its territory and its export without Baghdad’s approval.

According to an agreement concluded between Baghdad and Ankara in 2010, the State Oil Marketing Organization (SOMO) is the only entity authorized to export, market and sell Iraqi oil in global markets.

Kurdistan used to export 450 thousand barrels daily to Turkey, to secure the salaries of its employees and its financial revenues, due to the absence of an oil and gas law regulating the management of oil wealth in Iraq.

On April 4, 2023, Erbil and Baghdad reached an interim agreement until the Iraqi parliament passes the oil and gas law.

This agreement stipulated that the Kurdistan government would hand over 400,000 barrels per day to SOMO, form a joint four-party committee to oversee the sale of oil in global markets, open an independent account at the Central Bank to deposit financial revenues, and appoint a representative from the regional government as Deputy Director General of SOMO.  link

LATEST FROM WOLVERINE : "IT'S ALL LOOKING BEAUTIFUL" BY WOLVERINE, 28 AUGUST

 WOLVERINE
Tues. 27 Aug. 2024 Wolverine:

 “I have a definite confirmation on a Farm Claim being paid that came in today. This thing is moving forward.” … “It’s all coming. Sorry to cancel the call, but there’s been a hiccup. This is the week we’ve been waiting for. It might be in an hour, or tomorrow.

 It’s all looking beautiful.

  This is our week.”… “Most Whales have had all contracts signed and everything is ready to go. 

I spoke to one personally and he was very emotional as he has been waiting for this for 30 years.

 He has a huge project to help humanity. Get ready everyone as this is it and it’s real this time now and no hopium as people say it is. God bless you all. Wolverine.”

Iraq's Budget Crisis: Import Spending Soars!

DINAR REVALUATION UPDATE: THE IMPORTANCE OF STABILIZE THE ECONOMY & THE MULTI-YEAR BUDGETING APPROACH , 28 AUGUST

 Iraq's Budget and Import Spending in August 2024

Iraq, heavily reliant on oil revenues, allocates a significant portion of its budget to imports, a practice that has persisted over the years. 1 As of August 2024, it is reported that the country spends nearly half of its budget on purchasing goods and services from abroad. This expenditure pattern underscores Iraq's need to import a wide range of products that it cannot produce domestically. 1

Major Import Suppliers

The countries at the forefront of supplying Iraq with these imports have been identified as major trading partners. These nations play a crucial role in fulfilling Iraq's demand for various commodities and manufactured goods. 5 The specific list of top suppliers varies based on the type of goods and services Iraq requires and the prevailing trade agreements at any given time.

Impact of Import Spending

The high import spending has implications for Iraq's economy and budgetary planning. It affects the country's trade balance, potentially leading to a trade deficit if imports significantly outweigh exports. Moreover, the reliance on imported goods can stifle the growth of local industries and businesses, which might struggle to compete with foreign products.  1

Budgetary Measures

In an attempt to address budget rigidities and manage fiscal space, the Iraqi government has implemented various measures. These include the introduction of a multi-year budgeting approach by Prime Minister Muhammad Shia' Al-Sudani, encompassing the fiscal years 2023-2025. 2 Such measures aim to enhance long-term planning and economic stability.

Economic Recovery and Oil Sector

Despite efforts to stabilize the economy, Iraq's recovery has been hindered by factors such as oil production cuts and disruptions in the oil sector. The OPEC+ supply restrictions have led to a decline in oil output and exports, which in turn affects Iraq's main source of revenue and GDP. 4