MilitiaMan and KTFA Members Sunday Evening 12-22-19

KTFA:

Don961:  Zain Cash Announces Its Partnership With The National Bank Of Iraq

To facilitate all financial transactions for employees

December 22, 2019   LINK  

MilitiaMan:  Thank you Don961, always nice to get your input and with these two articles from Zain, today we Rasheed and yesterday it was Rafidain Bank talking about electronic banking and payment services, goes far to suggest things have changed.

This is now about the competition factor gearing to play out. The citizens now will have more choice and those that don't have accounts yet will be able to shop around and especially those that are not government employed that may be more likely to have to use the Rasheed and Rafidain Banks..

 Another sign they are ready for the new phase to start. A new phase with less physical cash and more electronic movement of money. imo ~ MM

Iobey777:  IMO...More INTERNATIONAL proof!!! Sure looks like they are getting ready!

Samson:  Anger reveals the size of Iraqi oil and gas reserves and reserves

16:02 - 21/12/2019
The Deputy Prime Minister for Energy and Oil Minister Thamer Abbas Al-Ghadban expected, on Saturday, to add new quantities of oil and gas to the Iraqi reserves during the coming period, while the ministry revealed the stock of Iraq from this wealth.

Al-Ghadban said in a statement that he received / information / a copy of it, “Technical studies and geological research prepared by the specialized team have indicated that there are large areas in the western region, as well as the central and southern governorates of Iraq. include hydrocarbon compositions and promising opportunities for investment contribute to adding large new quantities. To the size of the oil reserves and then to the reserves of hydrocarbon wealth (oil, gas). ”

He added: "Promising new areas will enter the traditional production system, which requires us to update the figures related to the size of oil reserves and reserves. The Ministry will announce this after the completion of the preparation and collection of information related to this matter, and this is what makes Iraq occupy an advanced position in the global classification."

For his part, the spokesman for the ministry, Assem Jihad, said that "the oil and gas reserves are estimated at more than 112 billion barrels and the reserves that exceed 143 billion barrels." 

https://oilprice.com/oil-price-charts

MilitiaMan:  At $71.44 a barrel that is some serious value to be had for the Citizens and there new HCL payments to come.. Cha Ching... I am not sure but the math is in the 10 trillion range..  That doesn't include, taxes, tariffs, agriculture, tourism, etc... imo ~ MM

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Samson:  Trump: Signing of trade agreement with China "very soon"

12/22/2019 10:48

US President Donald Trump said that the United States and China will sign a preliminary trade agreement "very soon". He added, in Florida yesterday, Saturday, "We have achieved a breakthrough regarding the trade agreement and we will sign it very soon."

The so-called "one-stage agreement" was announced earlier this month as part of efforts to end the ongoing trade war between the world's two largest economies for months, which led to market turmoil and affected global growth.

Under the agreement, the United States agreed to reduce part of the tariffs on Chinese goods in exchange for a significant increase in China's purchases of US agricultural products.

Last week, Treasury Secretary Stephen Mnuchin said the agreement would be signed in early January, adding that "the agreement has already been translated and is being revised technically."   LINK

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Samson:  Foreign investors are starting to withdraw from Iraq

22nd December, 2019

The Associated Press revealed that foreign investors started to withdraw from Iraq due to the repercussions of the demonstrations taking place in the country and the accompanying acts of violence and sabotage.

The agency said in a report that until now the disturbances did not seriously affect the main artery of the Iraqi economy, that is, oil, which generates 6-7 billion dollars per month, equivalent to 90 percent of the country's income, and oil exports did not face any cuts, he said. Senior officials of the Ministry of Oil.  She added, that production was also not affected by the repeated sit-ins and the closure of roads leading to the major oil fields in the south, where the bulk of Iraq’s oil resources were located, but future investments are now under threat.

The agency quoted "Zap Sethna", one of the founders of "Partners in the Northern Gulf", an investment company with work experience in Iraq, as saying that foreign investors are withdrawing from deals in the energy sector and other sectors as well. "We had American supporters ready to participate and to pump money into Iraq, but they turned back on their heels," said Sethna.  The agency noted that there are other investors worried about the slow pace of forming the new government after the resignation of Prime Minister Adel Abdul Mahdi under the pressure of protests.

It is expected that the political blocs will name a new consensus candidate during this week to assume the post of prime minister.  LINK