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  1. -"The withdrawal of oil companies will ensure that there will be future dealings between companies and the Iraqi government within the roof of the Federal Court and the oil and gas law that will be implemented in the coming period," -The oil and gas law will soon see the light -This will have a negative impact on the economic situation in the Kurdistan region, and the best solution at this critical stage is to deliver oil and gas to the federal government in full, -Kurdish party calls on Barzani's government to hand over oil and gas file to Baghdad -Al-Shamaa added that the situation requires everyone to pass the law because of its importance.
    11 points
  2. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Kaperoni Monetary policy of the Iraqi dinar is at the sole discretion of the Central Bank of Iraq along with the guidance of the IMF. No parliamentary signatures, news articles or political figures have input. *** Nader From The Mid East They refuse to put back the dinar to 1200...They're asking the CBI to put back the dinar to its previous exchange rate which the CBI has other plans by Rving the dinar...I'm glad they didn't accept the 1200 because it's not worth it for nobody...for me it's good news. I prefer wait on RV than change it 1200 and wait 10 more years to RV... *** MilitiaMan Article: "Al-Shammari: Talking about changing the exchange rate is a media bid" Quote: "Talking about changing the exchange rate is unrealistic..." This guy is connected to Maliki all day long. imo...The EFSL is law. They have not yet exposed that fact in the Gazette... So, to trigger internationalism a new exchange rate is warranted...changing the exchange rate is not unrealistic in fact it is imo inevitable.. *** Samson Article: "Parliamentary Finance denies the possibility of restoring the dollar exchange rate: it confuses the market and investment projects" Quote: "the Parliamentary Finance Committee denied what was recently reported about Parliament's efforts to restore the exchange rate of the dollar to its previous level, 1200 Iraqi dinars for every US dollar." *** Tivon Article: "Implementation of the Automation Program for Customs and Tax Receipts" Game Time. The ATMs are ready. AYSCUDA is ready. BUNA Platform is ready. General Tax Authority is ready. Now Customs & Tax are ready. The HCL/Oil & Gas is ready. The EFSL is ready. And the contracts are signed...Everything is prepared for roll out. The hard currency reserves are covered so they can deal with any inflation from the onset of reinstatement if any were to occur. All of this occurred without a seated government or 2022 Budget. *** Mark What were we told to expect would happen at the end? Massive amounts of dis-information. Massive amounts of smoke…all kinds of conflicting statements to expect at the end… I think all of this is an extremely good sign that we are really close to it. This is what we saw before Kuwait…before Iraq last time…what we saw before China RV’d…This is classic textbook.
    10 points
  3. Pretty sure you have studied this one enough and its time to turn the flame higher And bring it to a full boil. You’ve lowered the exchange rate and you caused inflation and you’ve said in the past raising the exchange rate would cause inflation. What do I believe? Well what you’ve already tried lowering the exchange rate on the DINAR and it has not helped, there’s only one other option to try. so I hit the damn easy button.
    9 points
  4. Kurdish party calls on Barzani's government to hand over oil and gas file to Baghdad Kurdish party calls on Barzani's government to hand over oil and gas file to Baghdad - Iraq News Network (aliraqnews.com) Last Updated Jun 28, 2022 - 10:33 AM "The withdrawal of oil companies confirms that these companies are complying with the Iraqi judicial decision and do not want to involve themselves in legal problems," Hamad said in an interview. A number of oil companies operating in the Kurdistan Region have announced their withdrawal from the Kurdistan Region in accordance with the Federal Court's decision.
    6 points
  5. Thinking we could learn from them. The so called “insurrection” got peoples’ attention. We should be in the streets protesting our current administration’s inability to function at a capacity greater then or equal to a 3rd grade classroom…sorry for offending 3rd grade teachers.
    6 points
  6. Urgent "On low fire." A sudden and important statement by the Prime Minister's advisor on changing the exchange of the dollar Time: 2022/06/27 22:27:19 "On low fire." Surprise and important statement by prime minister's advisor on changing dollar exchange - Euphrates News (alforatnews.iq) {Economic: Euphrates News} Prime Minister Mazher Mohammed Saleh's financial advisor surprised Iraqis about the possibility of changing and lowering the dollar-to-dinar exchange rate. "We need to cook on low fire and monitor prices until the end of 2022, oil prices and foreign reserves," Saleh said in a program aired by al-Furat satellite channel. "There are constant facts on the ground, the exchange rate of the dinar to the dollar follows stability, which is not arbitrary, but a contract between the Central Bank of Iraq and the Ministry of Finance because the foreign currency offer comes from the Ministry of Finance 100 percent and is the only source in the country," he said. "But the central bank is dealing in dollars to maintain the reserves of cash, prevent inflation and iraq's recent financial history, and iraq's recent financial history is witnessing cooperation in determining the exchange rate of the dollar between the central bank and the Ministry of Finance," Saleh said. "The agreement with the Finance Ministry to set the exchange rate of the dollar for three years, but its change has become a surprise, and it is part of the shock policy and there are limits to change in the exchange rate of the dollar, not a political or populist issue," he said. "The first limit according to commodity and market prices and then the central bank will defend the stability of prices under the reserve, which is the highest in its history now and we have an encouraging surplus for the end of the year from 8 to 10%," he said. "If prices and financial policy do not defend the livelihoods of the poor and social protection salaries, the central bank will intervene by raising the purchasing power of the central bank through its foreign reserves," he said. "It makes sense that fiscal policy has a package to defend living, relieve the poor and social welfare, compensate farmers for grain spreads, and the government keeps fuel prices and government services steady, and this stability is a kind of support that has risen to 15 percent of GDP," Saleh said. On the change in the exchange rate of the dollar, the prime minister's adviser said: "Anything is possible, but we need patience to change the exchange rate of the dollar in the event of higher prices and fiscal policy is unable and monetary policy is able to cover the dinar."
    6 points
  7. They always denies at first, and then , WHO KNOWS , suddenly BOOM ( without prior notice ) RV at previous rate before 2003 ( Saddam's rate )= 3+USD. Again, we can only hope.
    6 points
  8. Pretty much 😂😂😂😂 Clearly they are getting ready for an stronger Dinar. Foreign currency reserves growing Gold reserves growing Oil exports Growing Go Stronger Dinar
    6 points
  9. 6ly410 Thanks, DV, We are inching ever so close to the "Infamous Oil & Gas Law".....HCL.... 👍👍🙏🙏
    6 points
  10. Hammam Al-Shamaa to / Nina /: The oil and gas law will soon see the light Hammam Al-Shamaa to / Nina /: The oil and gas law will soon see the light (ninanews-com.translate.goog) Monday 27 June 2022 21:22 | Economic Monday 27 June 2022 21:22 | EconomicNumber of readings: 15 Baghdad / NINA / - The economic expert, Hammam Al-Shamma, confirmed that the oil and gas law will see the light soon. He told the National Iraqi News Agency ( NINA ) that the law, which has been on the shelves for more than 14 years, will soon see the light of day due to its importance to the country and its economic situation. Al-Shammaa added that the reason for the delay was the existence of continuous differences during the successive periods over the past years, indicating that the statement of the last coordination framework is an important step towards its approval. He explained that the parameters of the law have become clear, given that the region's companies are Iraqi national and operate independently of the North Oil and Central and South Oil companies. Al-Shamaa added that the situation requires everyone to pass the law because of its importance. The coordinating framework announced an initiative from several points to end the political blockage, including the legislation of the oil and gas law./End 3
    6 points
  11. Blackleg (pipe) in the derrick.. That usually means work boys, Can't get it, you can't stay. lol Looks like we have some progress going on with the oil and gas law. Thanks for the news 6ly, and the others bringing it..
    5 points
  12. Al-Jamali: The Territory Must Be Subject To Federal Court Decisions POLITICALAl-Jamali: The territory must be subject to the decisions of the Federal Court - Information Agency (almaalomah.me) 2022/06/28 | 5:32 P.M. 0 Participation Information/private. Fatah mp Ali al-Jamali on Tuesday stressed the need to commit the Kurdistan Regional Government, particularly to the oil side, adding that the withdrawal of oil companies from the region came to preserve their interests inside the country. "The territorial government has exceeded its powers and acts as an independent state that has nothing to do with the central government, and therefore must be deterred and obliged to enforce the laws," al-Jamali told Al-Misr. "The use of international courts by a number of members of parliament to file a complaint against the region for exporting oil outside legal contexts has forced companies out of Iraqi Kurdistan and obliged them to implement the Federal Court's decision," he said. "The withdrawal of oil companies will ensure that there will be future dealings between companies and the Iraqi government within the roof of the Federal Court and the oil and gas law that will be implemented in the coming period," he said. A number of oil companies operating in the Kurdistan Region have announced their withdrawal from the Kurdistan Region in accordance with the Federal Court's decision. Finished / 25 and
    5 points
  13. From WRAL-TV Winning Powerball Numbers Monday, June 27, 2022 11 13 18 30 37 PB 16 Power Player 3X Sorry; We had no winning matches tonight.
    5 points
  14. Deputy Opening: Exchange Rate Reduction Will Come To Light Soon ECONOMICDeputy For Conquest: Exchange Rate Reduction Will See Light Soon - Information Agency (almaalomah.me) LAST UPDATED FEB 2022 2017 | 12:11 PM 0 Participation Information/special... Fatah Mp Suhaila Al-Sultani confirmed On Monday that the issue of lowering the exchange rate of the dollar is coming soon after collecting the signatures of 100 deputies to vote on its reduction under the dome of the House of Representatives. "The Sadiqoun parliamentary bloc, followed by MP Uday Awad, is seeking to lower the exchange rate more than a year after it changed," al-Sultani said in a statement. "The paper in which the signatures were collected was attended by all the deputies of the political blocs under the banner of the coordination framework," she said, adding that "the exchange rate change will be soon." On December 19, 2020, the Central Bank of Iraq officially announced the adjustment of the foreign exchange rate (US dollar) to 145,000 dinars for every $100, according to the 2021 state budget approved by the House of Representatives. Finished/25 0
    5 points
  15. An “angry” statement from Al-Sadr towards the President of the Republic regarding the “normalization law” 2022.06.28 - 12:46 Baghdad - people Today, Tuesday, the leader of the Sadrist movement, Muqtada al-Sadr, attacked the President of the Republic, Barham Salih, for signing the law “criminalizing normalization with Israel.”
    4 points
  16. Kurdistan issues a statement regarding the work of its international oil companies Posted 2 minutes ago news source /Mawazine News كردستان تصدر بيانا بخصوص عمل شركات النفط العالمية لديها - اخبار العراق (iraqakhbar-com.translate.goog) political | 07:39 – 06/28/2022 Kurdistan - Mawazine News The Ministry of Natural Resources in the Kurdistan Region announced, on Tuesday, that “the violations committed by the Iraqi Oil Ministry did not and will not affect the exploration and production of oil and gas in the region,” noting that it did not push the companies working in this field to stop their work. The ministry said in a statement that Mawazine News received a copy of it, that "the oil and gas sector in the Kurdistan Region has taken great and important steps towards institutionalization and attracting major international companies, and thus the region's position on the global energy map is getting stronger." She added, "The advent of major companies (oil, gas and oil services) and the expansion of investment and the continuation of their work in the Kurdistan Region are clear and clear evidence of the successful policies and strategies of the Kurdistan Regional Government in the oil and gas sector." And the ministry continued, "Even within the Kurdistan Region, oil revenues played a major role in securing salaries and continuing to provide services, as well as using natural gas products to provide fuel for power plants, in addition to securing hundreds of job opportunities for young people in oil and gas fields and companies." And she went on to say that "stability, security, plans and policies of the ninth cabinet in the Kurdistan Region regarding the oil sector and the transparency of this important sector are all things that made those who hate the Kurdish and Kurdistan people dislike these achievements, by continuing their hostile plans, issuing unconstitutional and political decisions and launching missile attacks." The ministry explained that "their latest attempts and plans were to issue an illegal decision far from the constitutional articles and clauses by the Iraqi Oil Ministry in the absence of (the oil and gas law by the federal government), and to put pressure on companies operating in the oil and gas field to leave the Kurdistan Region," stressing That "this step by the Iraqi Oil Ministry is inconsistent with the constitution, the law, the principle of federalism, the economic mentality, and the relations between the region and Iraq." She stressed that "these new violations by the Iraqi Oil Ministry did not and will not affect the exploration and production of oil and gas in the Kurdistan Region, but did not prompt the companies to stop their work as well," noting that "the use of the language of threat and hostility is a flagrant violation of the rules of international investment protection, and this behavior does not It is in any way in the public interest of the peoples of Iraq and Kurdistan, and it also distorts Iraq’s reputation in international centers and puts question marks around it.” Ended 29/R77
    4 points
  17. Kurdistan accuses oil of provoking the crisis and causing the withdrawal of foreign companies Posted 18 seconds ago Kurdistan accuses oil of provoking the crisis and causing the withdrawal of foreign companies (iraqakhbar-com.translate.goog) news source /Baghdad today News source / Baghdad today After the major oil withdrawal, a leader reveals its devastating effects on the oil thieves in Kurdistan June 28, 2022 – 19:04
    4 points
  18. Oil services companies bow to Baghdad blacklist Oil Ministry pressure tactics are beginning to inflict pain in the wake of the Federal Supreme Court's landmark ruling against Kurdistan's energy sector. Workers operate a drilling rig at the West Qurna 2 oil field in Basra. (ALI ABU IRAQ/Iraq Oil Report) TUESDAY, JUNE 28TH, 2022 Two of the world’s biggest oil services companies have informed the Iraqi Oil Ministry that they will comply with a Federal Supreme Court (FSC) ruling invalidating the legal foundations of Iraqi Kurdistan's energy sector by not bidding for any new contracts in the semi-autonomous region without Baghdad’s approval. The U.S. companies Baker Hughes and Schlumberger said in separate communications to Iraqi Oil Minister Ihsan Ismaael, copies of which were seen by Iraq Oil Report, that they would honor the ministry's demand to forego projects managed by the Kurdistan Regional Government (KRG), though they left vague their intentions regarding existing contracts.
    4 points
  19. Best case scenario The framework hints at dissolving Parliament and leaving negotiations in the event of no response 474 Policy 2022/06/28 16:11 Baghdad today - Baghdad Today, Tuesday, the coordination framework confirmed that it would resort to dissolving the House of Representatives in the event that some blocs continued to adhere to their positions and did not reach an agreement on forming a government. The leader in the framework, Mahmoud Al-Hayani, said in an interview with (Baghdad Today) that "the stubbornness of some political blocs not to proceed with forming the next government will push us to demand the dissolution of Parliament." He added, "We want everyone to participate in the government and go through a national dialogue, but if two-thirds are not achieved in the upcoming parliament sessions for the purpose of passing the president of the republic and then assigning the prime minister, the best option would be to dissolve parliament, although our efforts go towards forming a consensual government in which all the political blocs are."
    4 points
  20. Schlumberger has contracts in several locations An expert details the repercussions of the withdrawal of the world's largest oilfield services company from the Kurdistan region 2022.06.27 - 13:19 Baghdad - people On Monday, Professor of Economics at the University of Basra, Nabil Al-Marsoumi, expected negative repercussions on Schlumberger's decision to withdraw from the Kurdistan region. Al-Marsoumi said in a clarification followed by "Nass" (June 27, 2022): "Schlumberger International decided, in a letter it sent to the Minister of Oil, to abide by the decision of the Federal Court not to work in the Kurdistan region and not to submit to any tender in the oil and gas sector in Kurdistan." He explained that "Schlumberger is the world's largest oilfield services company, employing about 100,000 people representing more than 140 nationalities working in more than 85 countries around the world, and it has four main executive offices located in: Paris, Houston, London, and The Hague." . "The company offers a range of products and services through assessment of directional and stimulation drilling, well drilling, software, information management and IT infrastructure services that support core industrial operations," he added. The economic expert pointed out that "this decision is negative on oil production in Kurdistan, especially since Schlumberger and the American energy company Halliburton (which appears to be on the way to withdraw) have work contracts in the northern oil fields, including (Taqqaq), (Tawki) and (Chemchemal). ) and (Kormore), and (Khurmalah). Today, Monday, the American company Schlumberger Oilfield Services announced its commitment to the decisions of the Federal Court related to the oil of the Kurdistan region. The official agency reported, quoting sources, that "the American company Schlumberger sent a letter with an official document to the Iraqi Oil Ministry in its commitment to Federal Court Decision No. 59, which includes not dealing with the Kurdistan region regarding the oil file." Earlier, the American company, Baker Hughes, the global giant in the field of oil field services, announced its commitment to the decisions of the Federal Court regarding the oil of the Kurdistan region.
    4 points
  21. Malarky...🙄 has smuggled enough through the years so he probably does want it back to when it was 3+
    4 points
  22. The way I read into what Saleh says is they need to wait until the end of year before anything is to happen. They have it set for 3 yrs with the Finance Minister before anything suppose to happen. But there is a surprise in the ecomony & shock in money increase of 8% to 10% by end of this year. I think they saying are shocked & surprised with values improving now which they figured would take 3 years. Thats why he is saying a low fire to end of year. Question would be, what are they talking about amount of increase, by only going 1200 dinars would not be much help to the people unless they go to a float. This is how I am reading into this. This is just the way I read into this. JMO
    4 points
  23. This is why I really question Former Vice President Mike Pence's position. Nothing wrong with questioning the validity of the election results with obvious and credible evidence that wide spread voter fraud had been committed then sending back the electoral votes back to the respective States to resolve. The will of We The People had been circumvented. Fortieth Congress of the United States of America; At the third Session, Begun and held at the city of Washington, on Monday, the seventh day of December, one thousand eight hundred and sixty-eight. A Resolution Proposing an amendment to the Constitution of the United States. Resolved by the Senate and House of Representatives of the United States of America in Congress assembled, (two-thirds of both Houses concurring) that the following article be proposed to the legislature of the several States as an amendment to the Constitution of the United States which, when ratified by three-fourths of said legislatures shall be valid as part of the Constitution, namely: Article XV. Section 1. The right of citizens of the United States to vote shall not be denied or abridged by the United States or by any State on account of race, color, or previous condition of servitude— Section 2. The Congress shall have the power to enforce this article by appropriate legislation. https://www.archives.gov/milestone-documents/15th-amendment No matter how anyone slices and dices THIS Amendment, the implications go FAR beyond just ascribing an equal vote to ANY The United States Of America Citizen. The OBVIOUS AND WIDE SPREAD voter fraud REQUIRED the 15th Amendment to be applied. To me, this is a valid issue to be addressed by The Supreme Court Of The United States Of America to include remedies to correct the 2020 Presidential Election results AND any other elected position. The voting will of We The People must NEVER be DENIED OR ABRIDGED!!!
    4 points
  24. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Tivon Article: "Iraq uses the policy of "raising reserves" to control inflation" So here we are once again being reminded that Iraq has enough of reserves to cover the reinstatement of the Dinar...So when you compile everything as to all the sectors that is ready...You can't help but anticipate what is next. And we know what that is. Al-Kazemi already gave the go ahead a couple of days ago. IMO *** Frank26 Question: "Spoke with a financial advisor and they said she was going to have to travel to Iraq and exchange her notes for small category notes and bring them back here to exchange for USD. Is this correct IYO?" Go back to that person and ask them 'Do you know how many dinar the United States Treasury has in its reserves right now?' ...It's more than 54 billion American dollars worth of dinars...You think America is going to have to go into Iraq, convert them into NSCN and then bring those back to an American bank...? No. That's not how it going to works. *** Pimpy Article: "The Central Bank announces that the Iraqi gold reserves have risen to more than 130 tons" Do what they do not what they say...they didn't buy some gold, they bought a huge amount of it...a 35% increase. That's huge...this time around they are definitely preparing themselves in case something should happen to the oil market... *** Samson Article: "The Central Bank announces that the Iraqi gold reserves have risen to more than 130 tons" Quote: "Iraq has advanced ten ranks in the table of the most countries in gold reserves, bringing its total possessions to (130.39) tons, ranked thirty in the world and fourth in the Arab world." *** Mnt Goat Article: "DEPUTY FOR AL-FATEH: THE EXCHANGE RATE REDUCTION WILL SOON SEE THE LIGHT" Quote: "..the issue of reducing the dollar exchange rate is soon after collecting the signatures of 100 deputies to vote on reducing it under the dome of the House of Representatives." Just remember they tried this before and it did not work, however it does put pressure on the CBI and to let them know something must be done about the IQD rate soon. *** Mark In Kuwait…literally that morning they said it would be 2-3 years before they RV’d…then they turned around and did it that same morning... Kuwait shot all the way up to $9.88 before it settled back down to the mid $3 range...Iraq cannot wait another couple years without an RV. Because of political instability and their low currency-because the country has great wealth…historically Iraq is one of the wealthiest regions in the whole world…vast oil reserves and gold reserves as well…
    3 points
  25. Wait, suicide by 2 gun shot wounds to the head and no gun found at the scene. Do I win the prize for figuring it out?
    3 points
  26. Its like reading a mystery book, not knowing who the bad guy is until the very end
    3 points
  27. I feel that Sadr has committed his plan of having his followers resign so that Iran gets more powerful in Iraq of which he has handed this over to Iran on a silver platter. I believe he is hoping to be the new religious leader for the country with blessings from Iran.
    3 points
  28. 3 points
  29. That’s exactly what they should do but not sure what new elections would gain. The same people would get voted in and now your back to square one. I’m still of the belief that Al-Sadr has a plan, maybe it’s resurrecting his followers to burn down the city but hard to believe he just handed over the keys to Iran….
    3 points
  30. The instrumentation was in place to allow additional time to sort the election abnormalities out....Pence didn't have the guts to do it. Pence is right about Biden... and Pence could have gone a different path... Either way, politically he is finished! CL
    3 points
  31. The Kurdistan Democratic Party expects the formation of the government after Eid al-Adha 2022.06.27 - 21:56 Baghdad - people On Monday, the Kurdistan Democratic Party expected to form a government after Eid al-Adha, after agreeing on one candidate for the presidency. Party member Shirwan Al-Dobardani said, in an interview with our colleague "Adnan Al-Ta'i" and followed by "Nas" (June 27, 2022*), that "until now, our candidate for the presidency is Reber Ahmed and the Union is still holding on to Barham Salih for the same position." Al-Dobardani added that "the coming days will witness multiple meetings, and the party's negotiating delegation is in Baghdad, and contacts are continuing in order to reach the presidential election session." He pointed out that "the negotiations are continuing, and I expect that the government will be formed after Eid al-Adha, especially since the framework is going to form the government." He continued, "I think we will enter the parliament hall with one candidate for the presidency, and after Eid, there will be many changes and there may be splits in some political forces."
    3 points
  32. Well they finally completed a law that actually helps the Iraqi people. In record time no less. Thank you Yota and good morning DV.
    3 points
  33. Parliamentary source: Food security has entered into force since its approval, and finance has begun to work with it Time: 06/28/2022 13:39:57 Reading: 650 times {Local: Al Furat News} A parliamentary source said, on Tuesday, that the emergency food security law has entered into force since its approval, pointing out that the Ministry of Finance has begun implementing it. The source said in an exclusive interview with {Euphrates News} that "the emergency food support law entered into force starting from the date of voting on it according to a legal article included in the law," noting that "in this case, the issue of approval by the Presidency of the Republic has become a formality, and on this basis the Ministry of Finance began Working with the law, bearing in mind that the legislative recess does not affect the work of the Council, and many committees continue to work and meet.” On June 8, the House of Representatives voted on the proposed emergency support law for food security and development. The law aims to achieve food security, reduce poverty, achieve financial stability in light of urgent global developments, continue to provide services to citizens, raise the standard of living for them after the budget law expires, create job opportunities, maximize Iraqis’ benefit from state resources, advance development, and resume work on stalled and lagging projects due to lack of funding. The implementation of new projects of importance.
    3 points
  34. Sure seems like there is a mismatch in value, but I’ve seen that for more than a decade now. The IQD really should hold a stronger value. Perhaps this plays out in our favor from the perspective of the foreign investor.
    3 points
  35. Uh! Let me get back to you on that. My daughter is a math genius. I'll show her this problem and ask her if it's correct. 😉
    3 points
  36. Agreed so would you say we can expect the RV by the end of next week now?? Lol
    3 points
  37. Well. If they can't return to previous rate which is 1200 , then the best and only solution is just rv'ing their currency at 1 IQD : 1 USD. Also, there is no problem paying back their debts at the rate 1:1 either. And , the dinar investors are also very happy at the rate 1:1 , too. This is win-win solution on both sides. Come on iraq, what are you waiting for? Just push the button.
    3 points


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