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Showing content with the highest reputation on 04/19/2024 in Posts
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This is the MOST significant article we have seen to date……..remember ALL of the articles we have read about WHY the auctions have been held and one the reoccurring reasons has to try to stabilize the exchange rate. Saleh has come out and admitted that the rate is manufactured through/by the auctions….now we have this article saying we are going to see a FLOAT. It sounds like they are talking about managed float but never the less we are going to witness a significant rate change. The music that was to my ears is them saying we are going to see a reversal on which currency will shows signs of scarcity…..ALL these years there has been a fight for citizens to get their hands on the dollar now they’re saying that won’t be the case anymore…..the rolls are going to be reversed. EVERYONE get ready we have been waiting a LONG for this ride to end….For me it has been since February of 2009….I’m not claiming it’s going to be .01 ……. .10…… or a dollar BUT we are definitely going to see a change.18 points
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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... So, take everything with a grain of salt ... RON Rod Steele There has never been this big a delegation from Iraq over here before… and so many partnership agreements being signed at one time. ...All the agreements being activated are about the Iraqi economy... They are also visiting in Michigan and Houston where Iraqi populations and Iraqi banks are. Also Bush Sr. arranged for the Iraqi CBI servers to be located in Houston... The US banks are ready… all the staff is in place. All sounds very positive and silence these days is golden for sure...8 points
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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... So, take everything with a grain of salt ... RON Frank26 Article: "After 21 years of the dollar auction... Iraq is close to closing the window amid reassurances and warnings" This is so powerful. The closing of the auction windows is the end of those that were stopping the monetary reform... Paulette Article: "Al-Ardawi: The Sudanese government seeks to liberalize the Iraqi dinar and stabilize the economy" Quote: "The visit comes in a very heated situation and everyone is awaiting its outcomes, and the Sudanese carries... ideas and projects that move towards consolidating the relationship with the American side and transferring it from the process of guardianship to friendship... In a way that allows Iraq to assume its pivotal role in the region." As I have been stating... Iraq needs the US Guardianship to end!! (UN 1483)7 points
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Perfect cover for Iraq to RV their currency if you ask me!! It will slip under the radar while all this war is going on!!7 points
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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... So, take everything with a grain of salt ... RON Frank26 You know the competition that is going to be with those private banks from the CBI [in the US] with American banks? It's going to be massive and people don't even understand that right now. American banks are going to come after you and they know you. They know who has dinars. The US Treasury will tell them... Yes, they're going to tell them. They already told them. This is massive what is about to happen... Pimpy What is the deletion of zeros of currency? An action aimed at increasing the nominal value of money. Nominal value, NOT the exchange rate. Re-denomination, that's what this is. What is lopping off zeros? Same thing. Changes the nominal value. What is the removal of zeros off currency? ...Also known as deleting of the zeros...Re-denomination. What is reducing of zeros off currency? Re-Denomination. I'm telling you guys all those things are the same thing...You remove the zeros off the currency and when you do that .00076 will be .76 but it doesn't change the value of your currency versus other world currencies. That stays the same. MarkZ I continue to hear rumors of the different spots that Sudani has visited. I am hearing there was a clandestine meeting with a signatory of seven of the banking families from China. Hang tight guys as we sort this over the next day or two and figure out what is hopeful rumor and what is fact. But things are very positive. Samson Article: "The Iraqi Private Banks Association praises Al-Sudani's visit to Washington" Militia Man [Iraq] is now in a security and stability and debt free state and now they're going into a state of expansion on their economic reforms, development programs, sustainable development... all of the things we've been talking to you about are coming to fruition. They're not going to do that at 1310...6 points
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After 21 years of the dollar auction... Iraq is close to closing the window amid reassurances and warnings Time: 04/16/2024 14:08:28 Read: 19,682 times Iraq is approaching the end of the closure of the dollar selling window at the Central Bank - which has been controversial - over the past two decades. The Central Bank's management plans to gradually cancel the dollar auction during the year 2024, leading to its complete cancellation by the end of the year, and to maintain it for audit and statistical purposes, in an effort to enable Iraqi banks to establish and establish solid banking relationships with the global and regional banking sector in order to achieve the sobriety of the Iraqi banking sector and full commitment. According to international standards and requirements. Iraq relies on the platform for selling currency directly to local banks and companies, which was previously known as the daily dollar auction, as one of the mechanisms for preserving the value of the Iraqi dinar and combating speculative operations in the parallel market. The visit of Prime Minister Muhammad Shia Al-Sudani to Washington provided a strong impetus in closing the Central Bank window and moving towards direct commercial banking transactions. According to the joint statement of the Iraqi-American discussions headed by Al-Sudani and President Joe Biden, the latter “discussed Iraq’s advanced efforts to reform the financial and banking sectors, which help link Iraq to the international economy and increase trade while protecting the Iraqi people from the harmful effects of corruption and money laundering, and what was achieved during the years 2023 and 2024.” “With banks in Iraq expanding (correspondent relationships) with international financial institutions to enable trade financing.” The statement notes that "the majority of trade financing operations are now carried out through these channels." Iraq and the United States pledged their commitment to "strengthen their cooperation to achieve greater transparency and cooperation against money laundering, terrorist financing, fraud, corruption, and sanctioned activities that could undermine the integrity of the financial systems in both countries." The two countries expressed their commitment "to support the Central Bank of Iraq in ending the electronic auction platform for international financial transfers by the end of 2024, through direct dealing between licensed banks in Iraq and approved global correspondent banks, to achieve this transformation that will connect Iraqis and Iraqi companies to the international economic system." In this regard, the financial advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed to {Al-Furat News} that the agreement of Iraq and the United States to end the electronic platform of the Central Bank of Iraq for selling the dollar at the official price means the cancellation and end of the foreign currency window that was established since 2003. Saleh said, “It is not One of the functions of central banks in the world is to carry out financing operations for foreign trade in their countries. Central banks are banks that work on monetary stability as they are banks that issue the national currency, as well as the function of supervising banking activity and ensuring its safety and stability. He added, "But Iraq's rentier conditions, and because of the foreign cash flows entering the country through which foreign exchange reserves originating from oil export revenues are created, such a necessity was imposed in financing foreign trade for the private sector through the establishment of the foreign currency window (auction) a month ago." October 2003, during which this window played a dual role in the work of the Central Bank of Iraq’s monetary policy, both in controlling local liquidity levels (monetary sterilization) and the so-called open market process, which requires exchanging the dinar for the dollar for the purposes of external transfer related to financing domestic trade. In addition to achieving the goal of controlling the stability of the Iraqi dinar exchange rate at the same time.” Saleh noted that, “In order to return to the principles of financing trade through the commercial banks themselves directly by opening documentary credits with correspondent banks abroad, their external accounts opened with their correspondents from foreign banks will be fed with their requests for foreign currency through the Central Bank of Iraq in order to enable them to... Opening documentary credits to finance foreign trade to the private sector in a more transparent manner and at the same time subject to international compliance rules through the role that these international banks with high credit ratings will play.” He explained, "What practically means canceling the auction or the foreign currency window that was established in October 2003 and its expected lifespan was two years, but unfortunately it continued for more than twenty years!" He continued, "Based on the above, the efficiency of using foreign currency will undoubtedly increase through continued control of local liquidity levels and the imposition of stability in the Iraqi dinar exchange rate, but in a different way that is consistent with the new banking applications fully approved in the year 2024." On the other hand, specialists warn against stopping the platform for selling the dollar, especially with the continuing delay in Iraqi banking systems and the failure to activate Iraqi commercial banks’ dealings with international banks, because this will lead to a monetary disaster that will ravage the Iraqi market. But Abdul Rahman Al-Mashhadani, the economic expert, downplayed the seriousness of these warnings. He told {Al-Furat News}, "The subject of the agreement with the American side does not mean that the currency auction will end, but rather it will return to work according to the old mechanism for enhancing balances. However, the Iraqi banks that will be entitled to external transfer must be linked to solid correspondent banks." He stated, "The mechanism will not change. Rather, the Iraqi Bank will be transformed into a correspondent bank, and its balance will be enhanced by the Central Bank." Al-Mashhadani ruled out, "The exchange rates in the markets were affected because they are not directly related to these matters. Rather, the decline and rise are due to trade with the sanctioned countries, for which there are no solutions because they are financed from the parallel market, and without solving them, there cannot be stability in exchange rates." Another economic expert believes it is necessary to tighten control to prevent the "leakage" of the dollar. Bassem Jamil Antoine told {Al-Furat News}, “When the dollar crisis is addressed scientifically, economically, and financially, there will be a floatation of the currency through supply and demand, so that the citizen will obtain the quantities of dollars to the extent he wants, as the scarcity is now in the dinar and not in the dollar from which it is received.” On a daily basis, no less than 300 to 400 million dollars.” He stated, "This process goes to the financial stability of the country, as the import is through correspondent banks that transfer money amounts, and this process requires follow-up, time, and knowing the fate of the money." Antoine explained that "the process of floating the currency must be under conditions, and Iraq differs from other countries because its financial imports in dollars are very large, and there must be control over the process, stopping the leakage of the dollar, and not leaving it floating under the freedom of speculators. There will be difficulty in achieving balance, and this matter needs a rule." Productivity away from imports, creating job opportunities and ending unemployment, and this process requires more time and strict oversight to stop the currency auction, which has greatly destroyed the country,” he said. https://alforatnews.iq/news/بعد-21-عاماً-من-مزاد-الدولار-العراق-يقترب-من-غلق-النافذة-وسط-تطمينات-وتحذيرات Share if you like6 points
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Gonna hold it open till the end of the month. There is some money to be made over there, but not when their currency is worth less than toilet paper. Plus, with Iraq wanting to diversify on energy like he said, they are about to explode with work. Their currency is about to explode too. It’s the only way to get everything rolling like they want.6 points
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Mnt Goat The news just keeps getting better and better. ...my CBI contact again confirmed to me that this meeting of Iraq with the Whitehouse had to take place and could be seen as a healing meeting between the two countries. One issue was of course the status of leaving or the pullout of US forces. This issue is clear, as the US forces do not plan to leave Iraq again and destabilize the middle east, especially in these turbulent times... don’t worry it is not going to happen any time soon as long-term plans are being negotiated to give Iraq what it wants and give the US what it wants... It was Iran & Iran-Iraqi in country proxies supporting the removal of US forces from Iraq, not the Iraqis or GOI. Sudani may have something to say about that. US forces will stay. Why...because Iraq lives in a very dangerous neighborhood...they know it & so do we. Iraq needs the umbrella of protection of the US.5 points
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Lockheed Martin ready to supply F-16s to Iraq IraqIraqBreakingLockheedF-16s 2024-04-18 04:24 Font Shafaq News / The Iraqi government stated, on Thursday, that Lockheed Martin, the company responsible for manufacturing F-16 aircraft, has expressed readiness to fulfill the terms of the contracts for supplying aircraft to Iraq. Prime Minister Mohammed Shia Al-Sudani’s media office stated, “Al-Sudani met with the CEO of Lockheed Martin, James Taiclet, and his accompanying delegation in Washington, D.C., just after midnight on Wednesday (Baghdad time).” “During the meeting, Prime Minister Al-Sudani emphasized the importance of the company's commitment to establishing aircraft maintenance centers and providing spare parts within Iraq. This is crucial for the upkeep of Iraq’s aircraft fleet and ensuring the country's security.” “Taiclet expressed his understanding and readiness to meet the Iraqi government's requests concerning the execution of aircraft supply contracts and the provision of all necessary equipment,” according to the statement. Recently, Iraqi government spokesperson, Bassim Al-Awadi, disclosed that Iraq had signed an arms deal to purchase 41 aircraft after a meeting between PM Al-Sudani and U.S. President Joe Biden at the White House. Al-Awadi stated in an interview with CNBC Arabia that “there will be a flexible plan to pay for some of these aircraft, while others will be provided as gifts from the United States.” He confirmed that “the aircraft will be delivered within a few months and a dedicated production line will be opened for Iraq.” Notably, Al-Sudani arrived in Washington on Sunday on an official visit, leading a high-ranking government and parliamentary delegation. It is his first visit to the United States since assuming office in October 2022, The Prime Minister met with President Joe Biden, Secretary of State Anthony Blinken, the Deputy Secretary of the Treasury Wally Adeyemo, Stellar Energy's CEO Peter Gibson, Czech Prime Minister Peter Fiala, the Iraqi community, and others.5 points
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Let's see what happens when they are all back from the US visit. I'm Positive thinking, but i am also grounded. 🙏 🍻5 points
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Israel hit the military bases that launched the missles last Saturday, which gave a warning to Iran that they can easily hit their nuclear sites if this continues.5 points
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Here's some articles of Dinarian interests... Some news you can use. Treat as rumors. Not verified. Your opine. Tlm724 Administrator Bondlady’s Corner: Alak: We Will Reverse The UST Sanctions On Iraqi Banks. ARTICLE: Al-Alaq: Forming A Committee With The Ministry Of Treasury & The Federal Bank To Address & Correct Violations Of The Sanctioned Banks. The Governor of the CBI, Ali Al-Alaq, revealed today, Thursday, the agreement, during PM Muhammad Shia Al-Sudani’s current visit to Washington, with the Ministry of the Treasury & the Federal Bank to form a committee to address & correct the violations of the sanctioned banks, while confirming that both parties praised the CBI’s procedures to get rid of… The old system in the financial transfer file, 80% of which was deducted. Al-Alaq said in a televised statement, “The issue of the US Treasury’s sanctions on Iraqi banks was discussed during the visit of PM Muhammad Shia al-Sudani to Washington by the PM & his accompanying delegation & following the initial meetings that took place, an expanded meeting was held with the UST & the Federal Reserve Bank in “This is a way for us to translate the intentions & initial approvals, develop a road map for dealing with this issue & determine the required procedures.” BLC: The US Ambassador Announces Loans Worth $50 Million To Support The Iraqi Private Sector. ARTICLE: The US Ambassador to Baghdad, Elena Romanowski, announced loans worth $50 million to support the Iraqi private sector. The US Ambassador said in a tweet on the X website: I am proud to announce an agreement to grant a loan worth $50 million from the US International Development Finance Corporation, with support from @USAID, to the benefit of the National Bank of Iraq @NBIRQ… This loan will provide opportunities for small companies by providing loans at a low cost, which will contribute to supporting the Iraqi private sector. She continued: The United States supports access to financing for first-time borrowers & Iraqi women entrepreneurs. BLC: Iraq Stresses Importance Of Lockheed Martin’s Commitment To Opening Military Aircraft Maintenance Centers. ARTICLE: Today, Thursday, Prime Minister Muhammad Shiaa Al-Sudani stressed the importance of Lockheed Martin’s commitment to opening military aircraft maintenance centers. The PM’s Media Office stated, in a statement received by Al-Iqtisad News, that “Al-Sudani met in Washington with the CEO of Lockheed Martin, which is responsible for manufacturing F-16 aircraft, James Taiclet & his accompanying delegation.” Deals are being negotiated. BLC: The Stock Exchange Announces The Trading Of Shares Worth More Than 10 Billion Dinars Within A Week. ARTICLE: The Iraq Stock Exchange (Stock Exchange) announced on Thursday the trading indicators for this week. The stock exchange stated in a statement, seen by Al-Iqtisad News, that “the Iraqi Stock Exchange organized five trading sessions during the third week of April, from Sunday (April 14) to Thursday (April 18).” The statement added, “During this week, the number of shares traded reached more than 7 billion shares, with a value of more than 10 billion Dinars.” She pointed out that “the market trading index for the first session of the week closed at (911.51) points, while the index closed at the end of the week at (957.71) points, achieving an increase of (4.82%) from its close at the first session.” She continued, “During the week, (4,146) purchase and sale contracts were executed on the shares of companies listed on the market.” BLC: The Chairman Of the Investment Authority Signs The UN Convention On International Mediation. Chairman Of The National Investment Authority, Haider Makkiya: Chairman of the National Investment Authority, Haider Muhammad Makkiya, signed the United Nations Convention on International Mediation, known as the “Singapore Convention,” in New York City, noting that this agreement is a tool for facilitating international trade & promoting mediation. Makiya said in his speech during the signing ceremony, which took place in coordination with the Iraqi representation at the United Nations & was reviewed by Al-Iqtisad News, that “it is important to activate the Republic of Iraq’s accession to the Singapore Agreement on Mediation & International Investment Disputes, in accordance with the provisions of Law No. (14) of 2021.” Referring to Cabinet Resolution No. (24203) of 2024 ratifying the International Commercial Arbitration Law, which included international standards for international commercial arbitration, stressing “the position of this agreement within the framework of enhancing the Iraqi investment reality.” He added, “Iraq includes many international & qualitative strategic investment opportunities, the reality of which requires contracting with foreign companies specialized in investment & what it requires to provide legal protection for companies, in the event of disputes arising from contracts concluded by state institutions with these foreign companies that prefer to resort to… International arbitration to guarantee its rights, as stipulated in Article (27/First) of Investment Law No. 13 of 2006, as amended.” BLC: Oil Continues To lose As Tension In The Middle East Eases. ARTICLE: Oil prices fell, on Thursday, to their lowest level in three weeks, continuing their losses amid hopes for a decline in tension in the Middle East, which is one of the most important crude producing regions, while investors’ focus shifts to expectations of a decline in demand. Brent crude futures fell only 60 cents, or 0.7 percent, to $86.69 per barrel, while US West Texas Intermediate crude futures fell 53 cents, or 0.6 percent, to $82.16 per barrel. Both declined for the fourth session in a row. Prices fell by more than a Dollar at their lowest levels during the session & have also fallen by about four percent since the beginning of the week. Investors are reducing the geopolitical risk premium on oil prices amid expectations that international pressure will succeed in curbing the severity of any Israeli response to the attack launched by Iran on April 13. Ole Hvalby, commodity analyst at SEB Research, told Reuters that any new Western sanctions on Iran could be offset by increased production from other oil-producing countries & their impact may be limited without Chinese cooperation.4 points
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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... So, take everything with a grain of salt ... RON Frank26 Houston Texas and Dearborn Michigan... Al-Sudani arriving [motorcade]. I stopped counting when I got up to 50. You're telling me that all these gigantic monstrous vehicles that are escorting the Prime Minister of Iraq is bring a program rate to the world? You need this type of security for toilet paper value? Of course not... This is serious. When the delegation returns back to Iraq, we already told you IOO what is going to happen... Clare Article: "Sudanese arrives in Houston, Texas" Quote: "Prime Minister Muhammad Shiaa Al-Sudani arrived this afternoon, Thursday, in the city of Houston in the state of Texas, as part of his official visit to the United States of America." Mnt Goat The news just keeps getting better and better. ...my CBI contact again confirmed to me that this meeting of Iraq with the Whitehouse had to take place and could be seen as a healing meeting between the two countries. One issue was of course the status of leaving or the pullout of US forces. This issue is clear, as the US forces do not plan to leave Iraq again and destabilize the middle east, especially in these turbulent times... don’t worry it is not going to happen any time soon as long-term plans are being negotiated to give Iraq what it wants and give the US what it wants...4 points
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From Texas.. Al-Sudani details energy projects and talks about a new idea in exploiting wealth EconomyIraqUnited StateMuhammad Shiaa Al-SudaniInvesting In Energy 2024-04-18 // 11:29 Shafaq News / On Thursday, the Iraqi Prime Minister, Muhammad Shiaa Al-Sudani, detailed the energy projects to be implemented in the country, while indicating that his government had adopted a new idea in exploiting wealth. This came during the Prime Minister’s meeting with major American companies specialized in the field of oil and gas, within a round table held by the Arab-American Bilateral Chamber of Commerce in Houston, Texas, as part of his official visit to the United States, according to a statement received by Shafaq News Agency. Al-Sudani reviewed the government’s program and its goals towards optimal investment of oil and gas, and its future vision, and touched on the most prominent strategic projects being implemented in Iraq, as well as investment opportunities for specific projects, and the promotion of the fifth complementary and sixth round, which includes 30 oil and gas fields and gas exploration blocks in Anbar, Nineveh, and Diwaniyah. Najaf and Muthanna. The Iraqi Prime Minister announced that the application for the fifth and sixth round supplements would be extended by two weeks. To give the opportunity to companies wishing to apply, stressing that “Iraq is witnessing a stable security situation throughout.” Al-Sudani called on American companies to engage in partnerships with the Iraqi private sector, which receives the attention and support of the government, pointing to the comprehensive development Iraq is witnessing in all sectors. He continued: “We came up with a vision for the shape of the relationship with the United States, after the understandings and the meeting with President Biden, that it be based on partnership and openness in all fields... Our vision is based on mutual interests, and will be strongly present through joint work, especially the presence of companies and investment in opportunities in Iraq.” . He pointed out that "Iraq is of great importance in the energy market in terms of production and reserves, and the difficult circumstances and previous challenges prevented it from reaching the stage of optimal investment of wealth." He added: “We have recently been approaching self-sufficiency in the petroleum derivatives that we imported during previous years,” adding: “Our government has begun with a new idea of exploiting wealth, by increasing production capacity, investing in associated gas, and going into manufacturing industries in petrochemicals and fertilizers.” Al-Sudani confirmed that a plan has been drawn up to convert 40% of Iraq’s exports into oil derivatives, pointing out that “importing gas costs the government annually $4 billion, while what it burns is equivalent to 1,300 million standard cubic feet, with its negative effects on the environment.” . He noted that his government is working on “implementing a solar energy station with a capacity of 1,000 MW, in addition to a project to inject water into wells,” noting that “the fifth round includes projects implemented by the Emirati company (Al-Hilal) and a Chinese company, in addition to the national effort, and it is planned to reach 2,400 One million standard cubic feet during this specific period. Al-Sudani added: “We are presenting specific projects, including projects attached to the fifth and sixth rounds, and we will extend the period to 15 days, to provide the opportunity to apply for the rounds,” noting that “the sixth round includes patches and fields rich in free natural gas.” The Iraqi Prime Minister stated that his government has begun presenting “integrated projects,” including oil extraction, associated gas investment, and the establishment of a power station, a refinery, and petrochemical industries,” explaining that “opportunities for integrated projects are presented in fields; Dima in Maysan, Ibn Omar in Basra, the Amara and Al-Kumait fields in Maysan, and exploration plots in Dhi Qar.” He pointed out that "there are opportunities to establish petrochemical and fertilizer complexes in Karbala, the FAO petrochemical complex, and the Nebras project, after Shell apologized due to a new trend taken by the company in focusing on gas projects." Al-Sudani concluded by saying: “We developed an idea to establish a complex for petrochemicals and refineries in Ain Sukhna, Egypt, according to understandings, and now we have begun implementing the first phase (Basra - Haditha), which will serve us with the flexibility of transporting exports, and it could be in an economic model that brings together 3 countries, for this important project.” And the vital.” https://www.shafaq.com/ar/اقتصـاد/من-تكساس-السوداني-يفص-ل-مشاريع-الطاقة-ويتحدث-عن-فكر-جديد-في-استغلال-الثروة4 points
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thats it ... thanks 8th id , probably there to meet oil and gas big wigs though... cheers4 points
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I bet the dollar will drop as soon as the dinar is worth $1.16...just a thought!4 points
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Move the rate ... then they would have all the control they need.4 points
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Clare Article: "Sudanese arrives in Houston, Texas" Quote: "Prime Minister Muhammad Shiaa Al-Sudani arrived this afternoon, Thursday, in the city of Houston in the state of Texas, as part of his official visit to the United States of America." Now this is huge news...several days behind! She may have gotten a heads up from Frankie and Little Markie, and all their high level contacts.3 points
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israel just hit iran....unconfirmed reports. world war III has started count down to EBS and 10 days of darkness. It had to be this way....watch russia3 points
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Graham is a total war monger. I believe he’s profiting immensely off of the billions $$$$ we keep sending to Ukraine. 👎3 points
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The plan all along with the Russia-China-Iran Axis is to start wars on three different fronts in the Far East, Middle East & Eastern EU. This will bog down & thin out US forces on three different fronts, thus making it easier to defeat the US. We will take their bait...the trap they are setting up. The lack of US leadership & vision are too blind to see what's coming. The world has been made less safe under this Administration & our foes are right there to take advantage of that weakness & indecisiveness. nIMHO.3 points
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Somebody kick pimpy off the roller coaster please!3 points
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But what about the big screens being set up.dor the announcement? You mean that wasn't real? Lol3 points
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Correct however now 10 years later after Shabibi’s plan was derailed by Maliki, Iraq is in far better shape to RV at a much higher rate today then what the plan was 10 years ago!!! They are producing Atleast twice as many barrels of oil Per Day now then back then and the price of oil is also close to double!! So I fully believe the plan was around $1.17 per dollar so now let’s just call it $2.34 per dollar and call it a day!!! lol3 points
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I see TRUMP met with President or Prime Minister of Poland......to discuss NATO funding and expansion.....fancy meeting with a non President and current CIC!3 points
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many great annoucements just not the one we want! YET!⏰3 points
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well and truly up to his pants in Ukrainian shite with FJB3 points
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This is all good, but we are talking about the biggest foot dragging, knuckle dragging procrastinators on the planet! A lot of talk...need to see some action!3 points
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“Things are moving towards complete control of the dollar exchange rate, and we may witness a clear and rapid decline in the coming days.” The only way for a rapid decline and complete control of the dollar exchange rate is ending the exchange control. Go end of exchange control Go end of daily auction Go free market economy Go STRONGER DINAR3 points
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It's a whole lotta cause with zero effect. No casualties. A regime posturing to their population. I don't see any escalation beyond this. There was no rockets fired into Baghdad that I see. Iraq will side with the west on this and denounce the Iranian proxies operating in Iraq. IMHO2 points
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Iran has the right to defend its self…Every drone was intercepted…. Israel has to go…. I don’t have a problem against Jews unless you support the Ai state of Israel… they are draining this country dry… we as a hard working nation are first to support everyone cause we contribute and we are getting hustle , but when it comes to the citizens of America we are dead last… and then they pull out the communist, socialist and dictatorship card… when Americans need2 points
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Iraqi PM visits Houston to discuss Iraq’s future in oil and gas IraqiNews April 19, 2024 976 4 min Houston (IraqiNews.com) – Iraqi Prime Minister Mohammed Shia Al-Sudani recently visited Houston, Texas, as part of an official visit to the United States. Al-Sudani participated in a round table discussion with big US firms specialized in the oil and gas industry. The Arab-American Bilateral Chamber of Commerce hosted this conference, which highlighted Iraq’s commitment to forming strategic alliances on a global scale. Participating firms included Total Energies, Weatherford International, KBR, Schlumberger Limited (SLB), Khudairi Group, and others. Prime Minister Al-Sudani articulated a vision characterized by collaboration and openness across various domains of engagement with the United States. Following fruitful dialogues, including a meeting with President Biden, the foundation for a robust partnership was laid, one that promises mutual benefit and shared prosperity. “We came up with a vision for the shape of the relationship with the United States, after the understandings and the meeting with President Biden, that it be based on partnership and openness in all fields,” said Al-Sudani. Al-Sudani unveiled ambitious plans to shift 40% of the nation’s exports towards value-added oil derivatives. Iraq also aims to reduce the $4 billion it spends annually on gas imports and lessen the negative environmental effects of gas flaring, realizing the cost to the environment. Iraq wants to transform its energy environment by embracing efficiency and sustainability, and it plans to do it by forming strategic collaborations with multinational companies such as Total and Honeywell. “Our plan is to stop burning gas through a contract with Total, which is a strategic step, and we encourage Honeywell and all companies to implement similar contracts,” said Al-Sudani.2 points
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With you all the way ARTITECH......... As I said in another post, "Some things never change and the IQD is one of those 'things' ". BUT WE ARE CLOSER THAN WE HAVE EVER BEEN BEFORE !!!!!!2 points
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I remember the servers for the CBI being in Houston. May still be there. Interesting that he is back, since they said he was meeting some oil/gas execs the other day.2 points