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Found 25 results

  1. Here's some articles of Dinarian interests... There is nothing technical to hold up HCL. HCL could had been passed all along. Syria demands all trade with Iraq be done with other currencies besides the USD. GOI calls on the IMF & the WB to provide the necessary support to Iraq. Treat as rumors. Not verified. Your opine. TNT via Tishwash: House Of Representatives: Oil & Gas Issues Are Technical & Can Be Passed. ARTICLE: The Parliamentary Oil & Gas Committee pointed out that the Oil Law (HCL) is one of the important laws that concerns all of Iraq & not the Kurdistan region alone, noting that its draft contains controversial points that need to be stopped & despite this, the law can be passed. Committee member Ali Al-Mashkoor explained, in an interview with Al-Sabah, that “there are seven points of contention regarding the Oil Law, some of which are administrative, some of which are professional & the law cannot be proceeded with without being cleared by both parties,” indicating that “one of the administrative disputes in the law is the desire to The Kurdish side should have the right to veto the issuance of decisions.” Al-Mashkour added, “The region’s percentage in the budget came from the export value of oil, and now there is no export of the region’s oil, not even production,” noting that “the financial share is an entitlement separate from the oil entitlement that the region is supposed to pay, but it will constitute a future obstacle in the budget.” Although it is a fixed share, as it is the right of the Kurdish citizen.” From Other Sources: Al-Mashkoor Expressed His Optimism In Passing The Oil & Gas Law & Said That “The Draft Can Be Legislated Within An Understanding & Complementary Process, But Imposing Opinions Are Incorrect” ARTICLE: explaining that “the law was returned to the government without revision or amendment, even if there were disagreements on some of its points.” ". Al-Mashkoor stated that “the Oil Law guarantees the rights of all governorates in the available proportion,” pointing out that “some governorates are demanding an increase in their share, whether the request is professional or administrative.” Tishwash: After The Exchange Volume Exceeded One Billion Dollars: An Iraqi-Syrian Move To Adopt Currencies Other Than The Dollar. ARTICLE: The head of the Iraqi-Syrian Business Council, Hassan Sheikh Zaini, revealed that the volume of trade exchange between Iraq & Syria has exceeded the billion-dollar barrier, while pointing out that there is a mechanism to adopt currencies other than the Dollar in this exchange. Sheikh Zaini said, “The joint committees between the two countries are looking for a mechanism for trade exchange away from the Dollar, since Syria currently exchanges in the European currency (the euro),” according to the official newspaper. He added, "There are other platforms and currencies that Syria exchanges with other countries & Iraq may benefit from them in the event of trade with them, especially with the volume of exchange between the two countries reaching more than a billion Dollars annually." He stated that "the two countries may use the Russian Ruble, the Japanese Yen, the Chinese Yuan, the Emirati Dirham, or other currencies to sustain trade exchange between them," calling for "the establishment of banks for commercial exchanges to enable the possibility of abandoning the Dollar & creating another platform in this regard." He pointed out that "the use of other currencies in trade exchange between Iraq & Syria reveals the two countries' need for each other, by benefiting from products of various types, industrial and agricultural." He explained, "There are joint Iraqi-Syrian committees at most levels, such as agriculture, industry, trade, transportation, customs, & everything related to food and medicine. They supervise the entry routes for goods & seek to overcome many obstacles that may hinder joint trade between the two countries." Tishwash: Al-Atwani Calls On the International Monetary Fund & the World Bank To Provide The Necessary Support To Iraq. ARTICLE: Chairman of the Finance Committee, Representative Atwan Al-Atwani, called on the IMF & the World Bank to provide the necessary support to Iraq in the areas of exchanging experiences & training national cadres. The media office of the Chairman of the Finance Committee stated in a statement received by a news agency, that “The Chairman of the Parliamentary Finance Committee, Atwan Al-Atwani, participated this evening, Monday, via closed-circuit television, in the deliberative meeting of the IMF regarding the financial & economic situation in Iraq.” He added, "Al-Atwani provided a complete briefing on the financial & economic situation & the provisions and programs included in the tripartite budget law for the years (2023-2025) that are consistent with the government program to advance various sectors, activate the private sector, encourage investment & support investors, in order to achieve sustainable development." Al-Atwani stressed, according to the statement, that “approving the tripartite budget gave the government great comfort in terms of contracting, implementing projects & attracting foreign companies to implement major projects,” pointing out that “the Finance Committee, through monitoring spending & financing and implementing plans & programs, seeks integration between the legislative & executive authorities.” Because we want this government to succeed, especially since it is taking steady steps towards achieving the aspirations of the people.” Al-Atwani pointed out that “the National Service Government is serious about moving the wheel of the economy and development & has ambitious programs to advance various productive sectors & maximize non-oil revenues, to leave the state of excessive dependence on oil in forming the general budget.” Al-Atwani concluded his participation by calling on the IMF & the WB to provide the necessary support. For Iraq in the areas of exchanging experiences & training national cadres, to develop our banking system, especially as we are moving towards activating the digital financial dealing system and automating taxes, customs and other service sectors that generate financial revenues for the state. He stated that "the two countries may use the Russian Ruble, the Japanese Yen, the Chinese Yuan, the Emirati Dirham, or other currencies to sustain trade exchange between them," calling for "the establishment of banks for commercial exchanges to enable the possibility of abandoning the Dollar & creating another platform in this regard." He pointed out that "the use of other currencies in trade exchange between Iraq & Syria reveals the two countries' need for each other, by benefiting from products of various types, industrial and agricultural." He explained, "There are joint Iraqi-Syrian committees at most levels, such as agriculture, industry, trade, transportation, customs, & everything related to food and medicine. They supervise the entry routes for goods & seek to overcome many obstacles that may hinder joint trade between the two countries."
  2. Here's some articles of Dinarian interests... We were so close & now the rug is pulled out from under us. It looks like the agreed upon 'HCL' is now dead in the water. We may NOT see this RV-RI & HCL this year. This means more delays & in house fighting. It's not looking good at this stage of the game. Treat as rumors. Not verified. Your opine. CandyKisses: Resources: 27 projects to be initiated in 2024 ARTICLE: The Ministry of Water Resources has started 16 projects for the current year, revealing that it has completed 11 other projects last year. Minister Aoun Diab Abdullah said in an interview with "Al-Sabah", that the ministry owns within the government program, 27 projects, 11 of which were completed during the past year, while the competent technical & engineering staff began implementing the remaining 16 at the beginning of this year, which he noted that some of them achieved varying completion rates in previous times before stopping for several reasons. He pointed out that the 11 projects completed during the past year are reclamation operations for each of the lands of Suwaihiyah in Muthanna, a section of Hor Najm, part of the lands of the Shafi'i Diwaniya, part of the lands of Bani Hassan, ten thousand dunums in Husseiniya & part of the lands of Ramadi, in addition to the rehabilitation of part of the first phase of the northern island irrigation project, in addition to the establishment of Nazim Sadr Al-Shatra in the district of Shatrah, with the preparation of electrical & mechanical equipment to install a pumping station in Hor Najm, in addition to the completion of From the northern part of the water channel to the Shatt al-Arab. Regarding the 16 projects that began work at the beginning of 2024, Abdullah explained that they include the reclamation of 20,000 dunums as a fourth phase in the Saad River project & will be completed by the end of 2024. In addition to the reclamation of 15,000 dunums, in addition to 20,000 dunums in the Saad River, which has already completed 86% of its work, in addition to the reclamation of seven thousand dunums of Husseiniya lands & will be completed during the next month, in addition to large numbers of projects in Dhi Qar Governorate with an area of 14,200. Dunums, as well as the start of the critical area works for the Basra water project & the reclamation of 36,000 dunums for the (Diwaniyah-Shafi'i) project, 77 percent of which was previously completed, while it will be completely completed during the current year. TNT via Tishwash: A Sudanese Meeting Recommends Structuring Government, Companies & Reforming Them Financially & Economically. ARTICLE: A meeting held by PM Muhammad Shiaa Al-Sudani, on Sunday, came out with decisions to carry out comprehensive reforms to government companies & structure them to strengthen the Iraqi economy. The Sudanese media office stated in a statement received by a news agency, that the latter chaired the 2nd meeting to follow up on the process of structuring & organizing government companies. At the beginning of the meeting, Al-Sudani pointed out the importance of this process & the role it represents in the essence of economic reform, subjecting companies to correct economic foundations & standards, stressing that this step lies at the core of the strategic goal of increasing the contribution of non-oil revenues to national output & income. The meeting came up with a number of decisions that included general principles for proceeding with the financial & economic reform & structuring of companies, in a way that strengthens the national economy & its stability. Tishwash: Parliamentary Oil: Kurdish Obstacles Prevent The Resolution Of The “Oil & Gas” Law. ARTICLE: Kazem Al-Touki, a member of the Parliamentary Oil & Gas Committee, confirmed on Monday that the Kurds have placed obstacles to resolving & ending the oil & gas law & handing it over to Parliament for reading & voting on it. Al-Touki told Al-Maalouma, “Members of the Oil &d Gas Committee communicated & moved towards the political parties & heads of blocs in order to end the problems of the Oil & Gas Law & ensure its passage in Parliament.” He added, "PM Muhammad Shiaa Al-Sudani continues to move to end the aforementioned law, & to reach a consensus formula agreed upon by everyone in order to resolve & vote on it, especially since the government program focused on this file." He stated that "the Kurds do not have the seriousness to resolve the oil & gas law & obstacles have been placed in front of this law, which needs political consensus before it is sent to the House of Representatives for the purpose of reading & voting on it." MarkZ Update- Some highlights by PDK-Not verbatim: THREAD: Member: Good morning all….. Happy Monday!! MZ: There is construction work on going today here & may cut the podcast short due to noise. If it is too much we will cut this morning short after the news & go much longer this evening or even start tonight considerably early. There is a ton going on. Member: Maybe today is the day! Rumor has it that paymasters have the codes & have punched them in, MZ: I can tell you I have a number of bond folks that are now “NDA”d” It is getting very interesting. I was told specifically that they could “no longer talk-NDA” But, I do not know if it means they have money or not. Member: I bet they were told to shut up or they won't get any money. Member: Many NEED NDA's because they can't keep their mouths quiet anyway. If we have one it is for your own safety & privacy. Member: Are rates showing up on US bank screens? MZ: Probably. …Screens are confusing ….back screens , or front screens? .but I have not personally seen them show up on the tellers screens yet though. But there are reports of tellers showing people the rates. Member: My bank manager said iqd have always been on the screen just been inactive. Member: Wolverine posted on Telegram Community that he had to be quiet & it’s time to buckle up Member: With all the battles going on in the country & around the world.- How is it possible to have a revaluation of currencies? MZ: The revaluation brings the peace….not peace bringing a revaluation. There will never be sustained peace until they take care of imbalances. Member: I heard the RV help the banks be Basel 3 compliant. Member: Once investors can't get their $$$ out...the bankruns begin...IMO. Member: Can the RV happen before the Mar. 11 fiat/asset backed flip? MZ: I don’t know anything about that date….but its anticipated to happen soon. Can it happen before that date? Absolutely- especially what is happening this week. Today has already been a huge day. MZ: “Evergrande was once China’s biggest property developer & has now been ordered to liquidate” The real estate giant owes over $327 billion. China is in trouble guys. MZ: “ USD ER in Baghdad & Erbil” Iraq is going to be forced to pull that trigger sooner rather than later. This is a good sign for us & is going to force them to push forward with a value change. They want to be pegged to a basket to realize their full value. MZ: “Iraq is still in talks with Us to end troop mission against Isis” I think we are getting closer & closer. MZ: “JP Morgan, Chase, Citibank & Goldman Sachs draft landmark lawsuit against Federal Reserve” All this is over Basel 3. So with basel 3 30% of people would be able to get their money out of the banks in case of a bank run…instead of the only 20% now. Member: What would be considered “double dipping”? MZ: I am told you will only get the preferential rate once. You can exchange many times…but only one appointment to get the best rate. But, if one currency goes before all the others…imo there will be no such thing as double dipping. Stop worrying about double dipping. Member: My family is starting to get a little discouraged with nothing going on. it's hard to keep them believing.! Member: Just hang on a little longer. We are on the cusp…….Then you can say “I told you so” Member: Thanks to all…..see you all tonight & maybe Mark will have great news for us.
  3. Here's two article of Dinarian interests... HCL Will Fund The Iraq Economy. Iraq to trade carbon credits until it become Green. Treat as rumors. Not verified. Your opine. Tlm724 Administrator Bondlady’s Corner: Adviser To The PM: The General Company For Carbon Economics Will Provide Significant Financial Funding To Iraq. ARTICLE: Advisor to the Prime Minister for Technical Affairs, Muhammad Sahib Al-Daraji, revealed the goal of forming a public company for carbon economics based on the direction of Prime Minister Muhammad Shiaa Al-Sudani, indicating that work in this field will provide significant financial funding for Iraq after implementing environmentally friendly projects. Al-Daraji said to a Iraqi news agency, “Iraq is a signatory to the Paris Climate Agreement, which stipulates that carbon emissions must be reduced around the world & in Iraq our carbon production is basically low & the agreement required countries with increased carbon emissions to buy their bonds from countries capable of starting.” With projects that reduce carbon production, such as Iraq, given that the atmosphere around the world is the same & every country does its best to reduce emissions.” He added, “Achieving this goal for Iraq requires implementing environmentally friendly projects, including using gas to generate electricity, as well as generating it through solar energy instead of diesel, as well as expanding tree planting & other projects, as they will reduce carbon emissions. In return, this work can be priced in the form of bonds sold to countries.” “It is unable to reduce carbon emissions due to its existing projects & therefore buys these bonds from Iraq & other countries that contribute to reducing emissions around the world.” He continued, “A committee was formed under my leadership and began the 1st project at this level, which was extending a pipeline from a gas station to an electricity station. The project was implemented by a Canadian company at its own expense after contracting with the Ministry of Oil in exchange for buying carbon bonds from Iraq.” He stressed “On this basis, a proposal was presented to establish the General Company for Carbon Economics, affiliated with the Ministry of the Environment & carrying out the task of trading in carbon bonds. The Prime Minister approved it, and this company was formed. The work requires the implementation of more environmentally friendly projects, and Iraq’s success in achieving the goals that we have indicated will save sums of money.” Very large”. Including Digital Transformation And Fighting Corruption.. The Prime Minister Sets The Most Prominent Goals Of The Five-Year Plan. ARTICLE: PM Muhammad Shiaa Al-Sudani set the most prominent goals of the five-year development plan, while indicating work to complete the establishment of a council that supports the private sector. The Prime Minister’s Media Office stated, in a statement received by a Iraqi news agency, that PM Muhammad Shiaa Al-Sudani sponsored the first conference of the five-year national development plan, which was held by the Ministry of Planning in cooperation with the United Nations Development Programme, and its work will continue for the period from 26-28.” This November: In his speech during the conference, the Prime Minister stressed that “the scale of the challenges requires integrated plans aimed at achieving comprehensive renaissance in the medium & long term,” noting that “Iraq has witnessed a developmental interruption since the 1980s, due to wars, sieges & counter-terrorism operations.” He pointed out that “the government worked to put development back on track & launch its development plans, in addition to raising the pace of implementation of existing projects, which number more than 7,000 projects & implementing new projects that represent a higher development & service value.” He pointed out that “the government has paid attention to strategic projects that are consistent with the Sustainable Development Vision 2030, including infrastructure projects, clean energy, the development road, Al-Faw port & others.” He stressed “the necessity of providing the best conditions to achieve the goals of the five-year plan by the parties concerned with its implementation, including the governorates,” noting that “the government, at the beginning of its work, supported the governorates, through the Supreme Commission for Coordination between the Governorates, which succeeded in changing many paths & its results appeared.” Within one year of the government’s life. He stated that “the new governorate councils will represent a qualitative addition to the work, so care was taken to create the conditions for the success of the elections, so that each governorate would have representatives, whose work would be integrated with the governor.” He continued, “It is time for the new development plan to have economic dimensions based on the philosophy of economic diversification,” noting that “the government has laid the foundations for economic diversification, including the establishment of the Iraqi Fund for Development, which aims to create an integrated investment environment in the country.” He stated that “initiatives have been launched that aim to change the pattern of the rentier economy, such as the (Riyada) initiative, which helps young people invest their ideas in productive sectors,” noting that “the tripartite budget included a special clause to support the private sector by granting it sovereign guarantees, which will contribute to encouraging the business and investment environment.” In the country”. He continued, “It is time for the new development plan to have economic dimensions based on the philosophy of economic diversification,” noting that “the government has laid the foundations for economic diversification, including the establishment of the Iraqi Fund for Development, which aims to create an integrated investment environment in the country.” He stressed “working hard to support the private sector & completing the formation of its development council, as it represents the primary partner of the government sector,” pointing out that “success in achieving economic diversification, providing a fertile investment environment & strongly introducing the private sector into the development scene, the reality of the situation will change.” He stressed, “continuing to build a network of economic relations between Iraq & the countries of the world, built on the foundations of mutual interests,” noting that “the government worked to reform the banking & financial sector, by automating all economic & service activities and activities.”
  4. HCL is key to Iraq economic success. Purchasing power of the citizens will jump start the economy. Economics Advisor warns of squandering Iraq's oil wealth. Treat as a rumor. Not verified. Your opine. Tlm724 Administrator Bondlady’s Corner: The Oil & Gas Law Will Contribute To Distributing The Financial Returns Of Iraqi Oil Wealth. Economic affairs expert, Raad Tawij, called for avoiding the legislation of the oil & gas law & not delving into it, attributing this to the fact that oil is an indivisible, strategic commodity. Twig said in a statement to news agency “It is best for Iraq to avoid the oil & gas law& not engage in it because it harms the whole of Iraq,” attributing this to: “Oil is an indivisible, strategic commodity & the oil & gas law can lead to dispersion.” The value of oil wealth. He pointed out that “several parties are involved in managing the oil wealth, which will contribute to the fragmentation of the financial returns of the oil wealth & a significant shortfall in oil revenues & revenues, which will be difficult to compensate for. The evidence of this is the inability to formulate a law that satisfies everyone, which has continued for many years.” The economic expert continued, “This law may be a reason for illegal monetary demands from Iraq to local & international parties, such as Turkish financial demands from Iraq, taking advantage of its illegal contracts with the Kurdistan region.”
  5. Here's an article of Dinarian interests... HCL becomes a political football. HCL may be delayed until new elections for political gain. The Iraqi people still suffer, no pay, no jobs, no economy. Treat as a rumor. Not verified. Your opine. From Other Sources: Expectations That The Oil & Gas Law Will Be Passed After The Local Elections. ARTICLE: The Oil & Gas Law can be called “The Dean Of Deferred Laws” in Iraq, as 15 years after it was presented in the House of Representatives, it continues to be postponed for political reasons that coincided with the crises that the political process was periodically exposed to, while the law, according to its draft, allows for production sharing agreements that It guarantees a profit to foreign oil companies & the federal government distributes remaining oil revenues throughout the country on a per capita basis.
  6. Here's an article of Dinarian interests. This looks like very good news. The HCL is on the move. The Latest Developments In The Oil And Gas Law. Treat as a rumor. Not verified. Your opine. From Other Sources: A Parliamentary Committee Reveals The Latest Developments In The Oil And Gas Law: ARTICLE: 4 Dimensions In Front Of Its Legislation. The Parliamentary Oil, Gas and Natural Resources Committee revealed that the draft oil & gas law, which has been stalled for years, is still “in the process of writing its draft.” Committee member Sabah Sobhi said, in a press statement, “The draft oil & gas law is still in the process of writing its draft, which is the 1st stage in enacting any law. This law needs a comprehensive political consensus, as it is a sensitive law that needs deep study & discussion by the parties.” political”. He added, “The law includes many dimensions, the most important of which is the economic dimension, which is the most important, because the enactment of this law leads to the restructuring of the Iraqi economy & the 2nd dimension is the legal one, because until now there is a legal vacuum with the existence of a constitutional article related to oil that requires the enactment of a law of its own.” He continued, “As for the 3rd dimension, it is political, given that the issue of the oil commodity is very important from a political point of view, as it is the main revenue on which the economy & the Iraqi state depend, because 90% of the country’s budget depends on oil imports, so we need to legislate this law & another after It is the technical dimension because oil is full of techniques from exploration until we reach sale, so we are in the process of enacting an important, complex, sensitive & fateful law for Iraq. Many explain the reason for the delay in enacting the oil and gas law to the political dimension that is governed by consensus between the parties to the political process, while relying on the law being approved in the current parliamentary session if it is completed by the government. It is noteworthy that Prime Minister Muhammad Shia’ al-Sudani held a meeting on the 2nd of August to discuss the draft oil & gas law & witnessed the review of the latest drafts of the draft law, its details and clauses. In the meeting, al-Sudani affirmed that “the draft oil & gas law is one of the basic & important laws & the law is part of the commitment to the ministerial curriculum. ” to his government. Although years have passed since the talks about the oil & gas law & the arguments about it, it is still a draft of the government & has not been completed yet. It is being relied upon that the law will be approved in the current parliamentary session if it is completed by the government.
  7. Here's an article of Dinarian interests... Group tasked with preparing the draft, Oil & Gas Law (HCL). Don't believe the lying Gurus. The HCL is not done. The ER is not in the Budget Law or in the HCL. Treat as a rumor. Not verified. Your opine. Tlm724 Administrator Bondlady’s Corner: A Ministerial Meeting Of The Working Group Tasked With Preparing The Draft Oil & Gas Law. ARTICLE: On Thursday, the Ministry of Oil organized a ministerial meeting for the working group tasked with preparing the draft oil & gas law. A statement of the ministry, which was received by “Al-Iqtisad News”, stated that, “The Ministry of Oil organized a meeting for the work team assigned to prepare the draft oil & gas law, which is headed by the ministry’s advisor for administrative, legal & supervisory affairs, Mr. Hamdan Awijel, & includes a number of officials in the oil companies & departments of the ministry’s center.” Read full article at source.
  8. Here's an article of Dinarian interests... HCL Is 1st & Foremost Before The Parliament. HCL could be months away in the making. HCL is not done & passed as many Gurus claim. Treat as a rumor. Not verified. Your opine. From Other Sources: The Most Controversial Law.. Oil And Gas Are Back To The Fore Again. ARTICLE: Official circles are waiting for the start of a new phase of the journey to resolve the fate of the draft oil & gas law (HCL), as one of the most controversial laws after 2003. The renewed oil dispute between Baghdad & Erbil in each government was a cause of political estrangement at times & turned into part of the settlement files built on Its basis is a fragile relationship between the federal government & the Kurdistan region. The oil & gas law is a pending file, so as soon as an interim agreement saw the light as happened before the formation of the government the draft law was left in the drawers of Parliament. On February 15, 2022, the Federal Supreme Court ruled that the private oil & gas law in the regional government was unconstitutional. The decision also stipulated that the oil contracts concluded by the Kurdistan government with oil companies, parties & foreign countries are invalid. Representatives believe that the current time is one of the best times for passing the complex law, thanks to partial & interim stability in the relationship between Baghdad & Erbil, despite the Kurdistan Judicial Council’s rejection of the Federal Supreme Court’s decision to hand over crude oil to the federal government, stressing the constitutionality of the oil law in force in the region. The oil & gas law in Iraq, which has been awaiting legislation in Parliament since 2005, stipulates that the management of all oil fields in the country must be under the responsibility of a national oil company under the specialized government council. A member of the Parliamentary Energy Committee, Kazem Al-Touki, said, “The oil & gas law consists of political & technical aspects,” pointing to the need to take into account the timing of its approval by saying that “the best time to pass it is the current time, because the Kurdish parties are forced to legislate it after preventing the region from exporting oil & this It means more flexibility in Erbil’s position.” The federal government had resorted to international arbitration procedures with Turkey in 2014 at the International Chamber of Commerce in Paris, which in 2022 issued its decision in favor of Baghdad. The ruling led to the suspension of exports & obligated the Kurdistan government to negotiate with the federal government. The representative of the National Union, Karwan Ali, expected that “the oil & gas law will be approved according to the government’s curriculum during the coming months, because it is an important law &d regulates the extraction of the country’s wealth.”
  9. Here's an article from Dinarland... Kurdistan: It's a done deal. Treat as a rumor. Not verified. Your opine. From Another Source: Confirmation. It's Done. ARTICLE: The Kurdistan Government, the oil agreement is a basis for for applying the 2023 Budget & preparing the way Oil & Gas Law(HCL). The Kurdistan Government confirmed yesterday, Tuesday, the agreement between Kurdistan & Baghdad.
  10. 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 Mnt Goat Article: "PARLIAMENTARY ENERGY: THE OIL AND GAS LAW WILL PASS THIS SESSION AND WE ARE WAITING FOR IT TO ARRIVE" Draft oil and gas law...the Parliamentary Oil, Gas and Natural Resources Committee called on the government to send the final version of the draft oil and gas law, affirming its intention to proceed with enacting the law. FINALLY..! Frank26 [Iraq boots-on-the-ground report] FIREFLY: They say the new mechanism will be implemented in coming days to change the dollar exchange rate and to make the dinar more stable...we don't know the change. In the coming days we expect it to be like 1190 but that's just our guess. It could be better with this mechanism. FRANK: Yeah! It could be 1000...because that's the prefect position. MarkZ Question: What is HCL? Answer: Hydrocarbon Law. Its basically how they set up the profit sharing…for all the regions in Iraq...Including the Kurdish region. How they will spread the wealth around the country from all the revenue of precious metals, oik, natural gas etc…
  11. Here's an article from Dinarland... The lying Gurus said the HCL was passed back in October. This article lays to rest the...the lying Gurus. Treat as a rumor. Not verified. Your opine. Tlm724 Administrator Bondlady’s Corner: HCL Will Go As Soon As The 2023 Budget Is Passed. ARTICLE: Nermin Maarouf Confirms That The Legislation Of The Oil And Gas Law Will See The Light Soon After The Approval Of The Budget. A member of Parliament for the Patriotic Union of Kurdistan, Nermin Maarouf, confirmed: "The oil and gas law legislation will soon see the light." She told a Iraqi News Agency: The legislation of the law is part of the government curriculum & within 6 months the government is supposed to send the copy to Parliament based on Article 112 of the constitution.
  12. Here's an article from Dinarland... Guru claims HCL is done. Unable to verify in Iraq News. Treat as a rumor. Not verified. Your opine. Frank26: ARTICLE: Ladies and gentlemen drum roll! We have Article 140…We have HCL…Now that equals Article VIII. Article VIII is what every contract…country…investor have been waiting for. Article VIII tells the people to bring their money into this country of Iraq. They are now secure. All the banking systems are international, modern, up-to-date. We’re even about to add value to it with a new exchange rate. They know what’s going on…
  13. Luigi found this article of Dinarian interests... Here's to hopium. This article says it all. Treat as a rumor. Not verified. Your opine. Samson: Boots On The Ground. Article: It is expected dozens of laws will be passed during the next legislative term. The political differences are less compared to the previous Parliamentary sessions, which enhances the hope of enacting laws, especially the Budget for the next year & even the introduction of the Oil & Gas Law (HCL) to end the file of selling the oil of the Kurdistan region.
  14. Luigi found these articles of Dinarian interests... Deal-No Deal. Kurds reject HCL. Gridlock continues with little hopes of progress. Treat as rumors. Not verified. Your opine. KTFA: Samson: The latest developments in the Food Security Law. A parliamentary source revealed, today, Monday, the latest developments in the Emergency Support and Food Security Law. The source told Al Furat News that: “The Parliamentary Finance Committee has now concluded its meeting on the Food Security Law after completing the law from a technical point of view.” Blocs agreed to meet again. KTFA: Samson: The National Union comments on the oil law: Our position is with the constitution & its appeal. The Patriotic Union of Kurdistan commented Sunday, on the Kurdistan Judicial Council’s rejection of the Federal Court’s decision regarding the export of oil. The official of Baghdad organizations in the Union, Rabha Hamad, said in an exclusive statement to “Mawazine News”, that “the union’s position is with the constitution & resorting to it, so the parties must sit at the dialogue table & meet to deal with the matter.”
  15. 9/11/2018 Arthur: There is finally something to talk about. Yesterday Fifty deputies signed for the deduction of the amount of each barrel of oil and distribution to each individual Iraqi. This is the long awaited HCL. This event is not just about international Dinarians getting a tremendous return on their investment. It is more about Iraqi citizens being paid from the enormous oil wealth of Iraq. ...oil rich neighbor Kuwait provides their citizens a monthly food supply... If the government can not find a job for a citizen that citizen gets 200 KD ($650) per month until they are employed. If a citizen works in the private sector...they earn 900 KD per month in addition to the salary their employer provides (that’s almost $3,000 USD per month on TOP of their regular salary!). All Children get $200/mo till their 26 years old. The minimum pension is 1000 KWD ($3,000). Healthcare and education are free. Arthur ...when the HCL is fully implemented in Iraq, an Iraqi citizen must be able to swipe their Qi card and receive monthly oil benefits anywhere in the world in the currency of whatever country they happen to be in. That will require an internationally recognized, revalued currency just as Kuwait has. Once fully implemented, then and only then will we see any significant increase in value in the IQD. 11/10/2018 KTFA: JJonesMX: Saturday, November 10, 2018... Campaign to grant Iraqis cash share of oil revenues. Baghdad/ Iraq TradeLink: MP Alian Nsaif media office reported moves to collect signatures to issue a parliamentary order to grant the Iraqi citizen a share in the exported oil revenues. The move is to get 50 approvals for this proposal. The office suggested that the paid amounts shall be cashed with the national ration card procedures. No other details were given. http://www.iraqtradelinknews.c.....f.html?m=1
  16. Luigi says... It looks like confirmation from various sources, HCL will be done by Saturday. Treat as rumors. Not varified. Your opine. 9-7-2018 Newshound Guru MilitiaMan ...WS [Guru Walkingstick] posted that the COM was paid electronically, and back pay to 01/01/2018. The same was said to have happened for the HCL for the citizens ...we await them to tell us it is fully active. ...The question is, will they leak out the payments of back pay for the Citizens for the HCL? Imo Oh heck yes.. When they do, it will go public by the CBI, GOC or just plain old leakage. Now keep in mind that Sadr has spoken out about the GOI not fulfilling their responsibilities. In fact imo he is saying have them done before Sunday. Start your meetings ASAP, and by the way they are going to be live on camera. Therefore, all the citizens that know your sandbagging and they are not getting paid their do, will be able to watch who is sandbagging them...imo. 9-7-2018 Newshound Guru MilitiaMan Quote: "The Iraqi National Card is an electronic biometric card issued by the Ministry of Interior from January 1, 2016. It replaced the Nationality Certificate and Civil Identification Document previously issued. In 2018 it will also replace the Residency Card). This card has a high security platform and is connected directly to the Iraqi Civil System" Now I am not sure how many realize just how big this is? It is telling us they are on the 09/05/2018 ready to "LAUNCH" the E-Regulations a form of many forms that are about E-Governance. That includes E-Banking...It will include Citizens, Employees, Businesses, Countries, Constituencies, Democracy, payments, receivables, etc., etc. 9'6/2018 Bruce... They are talking about releasing the Hydro Carbon Law, HCO, which is otherwise known as the Oil and Gas Law in Iraq. Talking about releasing that in the Gazette on Saturday. I believe that is what is supposed to happen bar anything else taking it and making it not happen, I believe it will occur. If the Gazette publishes the Oil and Gas Law Saturday, that will come out in the morning fairly early in the morning Saturday. For that to occur we are getting out of Sulaymaniyah, Iraq is that the Iraqi dinar needs to be out and seen and visible 24 hours prior to the publication of that in the Gazette of the HCO Law in the Gazette.
  17. Luigi found these articles of Dinarian interests... GOI is ready to begin a quorum or talks concerning HCL. This is not the HCL but are the talks that may possibly lead to a breakthrough. This doesn't mean the RV is imminent but we are one step closer. Treat as a rumor. Not varified. Your opine. 16 April 2018 RayRat... The conflict between Kurdistan and Bagdad has been resolved. Parliament is meeting tomorrow and we hope there is a quorum. The Governor of the CBI and the Iraqi Finance Minister say they are ready for the RV, but the timing is not ideal due to corruption. The CBI also put out a call last night asking citizens to turn in their damaged currency to replace it with the new pristine currency. That will not affect us. 16 April 2018 Mawazin News...The three presidencies are briefed on the articles of the National Oil Company Law(HLC) “We welcome the issuance of a law for the Iraqi National Oil Company in accordance with the privacy and priorities of its work, and we consider it a step forward, and in view of its importance and our keenness to work efficiently without any physical or administrative obstacles, the specialists said in an open letter on the law of the National Oil Company, We believe that the executive authority is the authority concerned with the management of oil and gas according to Article 112 of the Constitution. Since the aforementioned draft law was approved by the Council of Representatives and then approved by the President of the Republic, although it was not submitted by the Executive, , Hoping to take it into consideration To be considered when reviewing the articles of the law. ”
  18. Luigi found this article of Dinar interest. Another exclusive straight from the throat of the Goat. 3-28-2017 Newshound/Intel Guru Mnt Goat Article quote: "The cabinet voted during its meeting in this March 14, 2017 on a draft law of the Iraqi National Oil Company and to allocate it to the Council." so now the bill gets sent to parliament for a vote, it is NOT yet done. This is the much needed part of the HCL to finalize it too. It is all coming together.
  19. HCL Done along with the budget as early as the Gazette reading any day now.. Not varified. Your opine. 11-8-2016 Intel/Newshound Guru Mnt Goat Emphasis now for us is still the progress of retaking Mosul and then moving towards currency reform. We see also in today’s news that the HCL is being implemented and in the budget for 2017. Article Quote: "...the federal government and Kurdish implementation of the terms of agreement between them in the budgets of previous years, the oil agreement, as revealed included the Agreement itself in the budget of 2017..." WOW! The budget is expected to be approved last weekend. Still awaiting news of its passing. These are all very important issues that must be resolved. Does this mean HCL is done? Personally I still know that the PTB want legislation passed in parliament on the agreement and we still have not seen this done.
  20. Luigi asks...Who's right. One Guru says we have HCL another says No. Who's right? Not varified. Your opine. 9-2-2016 Intel/Newshound Guru Mnt Goat Today I bring you yet more good news...the final passing of the HCL thru parliament was inevitable and just a matter of a short time. It MUST get passage in parliament to become law and be done...When this final passage in parliament does happen it will be larger than HUGE. It will be greater than the Amnesty law we witnessed last week. ...also...there are some other contentious laws that have been kicking the can down the road. The Iraqi news has talked about the Accountability and Justice law many times in the recent past...it appears there were some disputes with the law and the UN had to get involved to help settle the disputes and negotiate. ...there is an overall plan being executed with all these needed laws... The train is fast moving down the track. We all know what the final destination of this train ride will be and where it will bring us..hint...hint…lol. 9-2-2016 Intel Guru Frank26 [Didn't a wise man once say "when you see the HCL a minute latter you will see the rate".] Yes. You have HCL in the Budget... You have DRS [Dr. Shabibi ?] talking...You have a Budget in this month before the 10th as A [Abadi ?] said...
  21. 26 aug 2015...Intel Newshound Frank26... Frank26 says the HCL is in the budget. Done. The HCL is in the budget…as has been stated in the past…therefore no need to have it read in Parliament… IOO…it is a part of the “long line”…also IOO…the laws that are being worked in Parliament, at least the major laws will be…IOO…the trigger for the “long line”.
  22. 21 Aug 2015...Newshound Guru Bluedog... HCL hot in the news going to Parliament & we know all opposers are gone. The ones left will bow to Abadi because they want to be left alone & not brought into the corruption file. IMO HCL has been shelved & agreed on for some time.
  23. from Gurus S3A to Exogen.... April 6 2015 S3A Khalati: Inserts of the oil & gas law in next session of Parliament. Special newspaper integrity/ Osama success confirmed citizen bloc member Hassan Khalati, that the general budget entirely dependent on oil exports is needed to expedite the enactment of the oil & gas law, which ensures that regulate the relationship between the governments of the center & Kurdistan. Luigi says...The HLC is not passed but is being worked on in next session. Does this mean the RV? Other bills must also be implemented before the RV can happen. We are close but there is still work to be done. So we wait a little bit longer. IMO.
  24. from Guru Poppy3... Monday Should Be A Very Interesting Day In Dinarland. Comments Please. 3-14-2015 Intel/Newshound Guru Poppy3 Reference Guru tman23 post 3-13-2015: "Fact…Monday the 16th the 3 Presidents are scheduled to meet…Abadi, Jabouri, and Masoum…It is also being said that the Kurdistan region will begin receiving their full share of the 2015 Budget as voted to law starting April 1st…IMO…I believe from news and what is happening on the streets regarding the economy…that after Saturdays Conference and Mondays Presidential meeting…then Tuesday’s CoM meeting… I believe we are about to see the directives to the Ministers on Tuesday that will be to implement the 2015 budget and open the economy." I AM HEARING SAME INFO FROM TOTALLY DIFFERENT SOURCE...IF ALL GOES AS PLANNED TIME AND ACTION WILL TELL. 3-14-2015 Newshound Guru tlm724 I'll tell ya straight up, no one is stopping it! The CBI gave the green light, Ali Alak told us he needed 6 six [laws?] done to move to a free market economy, most importantly the 2 banks laws, once in place and the electronic link is fully connected then I believe he will move forward...then I think he will be ready to show the real value of the dinar and I don't mean 1166 either. I don't think the CBI is hiding anything from us, they seem to tell us as each step is taken. [See the possible "to do list" in the Dinar Guru Resource bar on the left]
  25. from another source... Confirmed HCL Worked Out Or Rumor...You Decide. 3-7-15 AIN: Urgent ….. Abdul Mahdi: Iraqi oil, gas property of all Iraqis. The Iraqi Oil Minister Adil Abdul Mahdi confirmed on Saturday "Oil and gas are the property of all Iraqis." Article Link What makes this article so interesting is that we had rumors in past of HCL worked out. This is the first public confirmation.
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