News, Rumors and Opinions Sunday Afternoon 9-4-2022
KTFA:
Samson: Anbari official announces the discovery of 9 new oil and gas fields
4th September, 2022
The director of the Jubbah Municipality Department in Anbar Governorate, Qatar Al-Obaidi, announced today, Sunday, the discovery of new oil and gas fields that are not indicated by the Ministry of Oil in the regions of western Anbar.
Al-Obaidi said in a statement to "The Information", "The Oil Exploration Company of the Ministry of Oil conducted exploration operations targeting the desert of Al-Baghdadi district in the district of Hit, west of Anbar, which resulted in the discovery of 9 new oil and gas fields that are not listed by the Ministry of Oil," noting that "these fields contain large quantities of oil derivatives, minerals and phosphates, and the targeted areas are still subject to exploration operations.
He added, "Excavations are still ongoing, and it is hoped that the results of the excavations in those areas will be announced within the next few days," adding that "the security forces have fully secured all the areas in which the excavations are being conducted, in addition to the explosives handling teams neutralizing the remnants of the ISIS terrorist."
It is noteworthy that the Ministry of Oil, a short time ago, sent new seismic teams to the western regions to conduct exploration operations for oil and gas fields. LINK
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Courtesy of Dinar Guru
Frank26 Article: "An Iraqi bank begins providing its banking services and solution in the Suadi Market" Wow! It begins... Internationally. It's a very positive article about their banks and how they're working together. They're not going to work together at a program rate.
Walkingstick [via Frank26] [Iraqi bank gentlemen in US banks update] Article: "The united card reaches Iraqis abroad" If you recall we told you they're teaching Iraq citizens about the Visa and MasterCards along with...key cards [which] will be some of the tools the CBI banks will use to get the Iraqi citizens abroad their currency ...In the United States of American you can find Iraqi expatriates...they will qualify to apply for..visa and MasterCards from these banks [CBI satellite banks in the US]...
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TNT:
Tishwash: An economist expects oil to continue at $ 100 until the end of 2022
An economic expert expected, today, Sunday, the continuation of selling oil at a price of $ 100 until the end of 2022.
Safwan Qusay told Al-Furat News that: "We have the last quarter of this year, if Parliament was able to approve the actual spending in these nine months and add the surplus to the investment budget, it would be supportive of all units and the organization of investment projects for the year 2020-2023."
He added, "The next government will put its vision within the 2020-2023 budget, but we have the money as a result of the rise in oil prices. There is a surplus that covered the Food Security Law, and this surplus can also contribute to creating job opportunities to reduce poverty and unemployment."
Qusay stressed, "Oil rates are still controlled by international companies through the OPEC agreement, and there is a desire by OPEC to maintain the price of a barrel of oil at a price of 100 dollars for the remaining year of 2022, and there may be a commitment to new cuts in order to control prices."
And he indicated, "Russia cannot currently give up the price of oil for it because it is financing a war, as well as Saudi Arabia and the OPEC countries lost oil revenues from 2014-2021, and they are trying to maximize their revenues during this period and have clear capabilities by creating various strategies."
With regard to the delay in approving the federal budget, Qusay explained, “The Iraqi economy faces a problem to transform it into a global economy, as it needs a budget to finance these goals. The process of linking the port of Faw to the European Union needs funds to be placed in the budget, bank revenues and the currency market.”
And Qusay continued, "As we have 9 million poor people in Iraq, fighting corruption lies in creating job opportunities, and this means that the process of placing Iraq within the global investment circle will provide great opportunities to work through the budget, and the survival of the situation as it is now is considered a waste of public money because there is money that goes to the reserves and there Poverty, unemployment and desertification.
He stressed, "the need to rehabilitate all federal ministries, as there are 3 million employees in government institutions, and currently the Ministry of Planning has launched the job number program and collected job numbers for these addresses, matching the specialization with the certificate with the job title, and investing those who have retired since 2019 with more than 300 thousand job degrees."
Qusay concluded, by saying, "Iraq can currently release these degrees through the Federal Service Council, and the 2023 budget has to search for what disciplines are required to raise the efficiency of the performance of the economic unit so that we have productive government ministries. link
Iraqi Dinar update for 09/03/22 - Stopped a civil war
Pimpy’s investment Chat: 9-4-2022