Iraq Economy Turns To China.

[Luigi1]

Here's an article from Dinarland...

US may lose out entirely in Iraq's economic boom.

Incompetent US negotiators are asleep at the wheel.

China & Russia have made substantial gains in recent months.

Treat as a rumor.  Not verified.

 

 

TNT:   Tishwash:  “ExxonMobil” Is Close To Leaving Iraq.    ExxonMobil Is Close To Exiting The West Qurna 1 Field.
ARTICLE:  And the “Iraq Oil” website stated in a report translated by “A news network”, that the company “is negotiating a two-part deal to sell its 32.7% stake in the West Qurna 1 oil field to the Malaysian Pertamina Company & the Basra Oil Company owned by the Iraqi state.”   The sale, if it takes place, according to the site, will lead to “resolving the dispute that Exxon Mobil presented to international arbitration.  On the other hand, it will strengthen China’s foothold in the Iraqi oil sector, as the Chinese PetroChina Company, which currently owns a non-operating share of 32.7 percent, will take over. % in the project, the role of the operator.

 

[Luigi1]

here's another article related to the above...

 

Tlm724 Administrator Bondlady’s Corner:  The Fact That Intra-Trade Is Affected By The New Price Of The Dollar In Iraq.
ARTICLE:  Today, Thursday, the economic expert, Rashid Al-Saadi, explained the fact that the intra-regional trade was affected by the new price of the dollar, which was set according to the decision of the Council of Ministers.   Al-Saadi said in a press interview seen by “Takadam” that: “inter-regional trade will not be affected by the new price of the dollar,” explaining that “inter-regional trade between merchants has nothing to do with foreign trade and does not depend on a specific price for the dollar, so whatever the price is, the division and sale take place.”   He added, “There are also steps supported by the government in distributing the food basket, and this helps in reducing prices, and in general the economy is going better.”  


 

[Pitcher]

Exxon is leaving.

[coorslite21]

The west is headed to the "green new world"....Russia, China, India and the east are betting on fossil fuels...

 

The World US carbon footprint is at 13%. Even going to zero solves nothing. It only destroys the economy of America.....CL 

[Luigi1]

2 hours ago, coorslite21 said:

The west is headed to the "green new world"....Russia, China, India and the east are betting on fossil fuels...

 

The World US carbon footprint is at 13%. Even going to zero solves nothing. It only destroys the economy of America.....CL 

 

That's their ultimate goal...to turn America into a banana republic.  Green energy & global warming are only the excuse, the green light to destroy America.  The last two years was by no accident but was planned out decades ago.

[Luigi1]

here's another article related to the above...Iraq clamps down on money laundering & the corrupt...

 

 

TNT:   Tishwash:  Reducing the exchange rate.. Will Iraq move to the “punished currencies” zone? 

ARTICLE:  The economist, Salam Sumaisem, shed light on an issue related to the move to reduce the exchange rate of the dollar, noting that it “contradicts” with Iraq’s post-2003 policy, which goes towards a system of “freedom of exchange” rather than restricting it, wondering whether the step comes within the context of the “divorce of the dollar.” And move to the penalized currency area.

 

[screwball]

9 hours ago, Luigi1 said:

Here's an article from Dinarland...

US may lose out entirely in Iraq's economic boom.

Incompetent US negotiators are asleep at the wheel.

China & Russia have made substantial gains in recent months.

Treat as a rumor.  Not verified.

 

 

TNT:   Tishwash:  “ExxonMobil” Is Close To Leaving Iraq.    ExxonMobil Is Close To Exiting The West Qurna 1 Field.
ARTICLE:  And the “Iraq Oil” website stated in a report translated by “A news network”, that the company “is negotiating a two-part deal to sell its 32.7% stake in the West Qurna 1 oil field to the Malaysian Pertamina Company & the Basra Oil Company owned by the Iraqi state.”   The sale, if it takes place, according to the site, will lead to “resolving the dispute that Exxon Mobil presented to international arbitration.  On the other hand, it will strengthen China’s foothold in the Iraqi oil sector, as the Chinese PetroChina Company, which currently owns a non-operating share of 32.7 percent, will take over. % in the project, the role of the operator.

 

Yep…and theirs a good reason for that can you figure it out? 

[screwball]

2 hours ago, Luigi1 said:

noting that it “contradicts” with Iraq’s post-2003 policy, which goes towards a system of “freedom of exchange” rather than restricting it, wondering whether the step comes within the context of the “divorce of the dollar.” And move to the penalized currency area.

Dumping the dollar and moving to a managed float against a basket 

[screwball]

5 hours ago, Luigi1 said:

punished currencies” zone? 

Yep….Iran..Iraq…Syria, lybia…

[cjdavid]

Iraq has already forgotten who all set them free. There is not

much loyalty these days. Special Forces know what loyalty is!!

[fioranosportscars]

16 minutes ago, cjdavid said:

Iraq has already forgotten who all set them free. There is not

much loyalty these days. Special Forces know what loyalty is!!

They free nothing…. We were their for the oil…🤣🤣🤣