News, Rumors and Opinions Wednesday Afternoon 7-19-2023
TNT:
Tishwash: Iraq is preparing a memorandum of understanding with Venezuela in the field of energy and gas and sends its foreign minister to Caracas
The Ministry of Foreign Affairs announced, on Wednesday, that the Iraqi government will sign a memorandum of understanding with Venezuela in the field of energy and gas during the current year.
A statement of the ministry received by Shafaq News agency stated, "Ambassador Haider Al-Barrak, head of the Department of America, and his accompanying delegation, met Juan Santana, the Venezuelan Deputy Minister of Oil, yesterday, Tuesday, and during the meeting, they reviewed the distinguished relations in the field of energy and emphasized the need for high-level coordination between the two countries. In OPEC and OPEC Plus.
The statement referred to "the preparation of a memorandum of understanding in the field of energy and gas between the two countries, which will be signed during the visit of Deputy Prime Minister and Foreign Minister Fouad Hussein to Venezuela this year."
On Sunday, July 16, Minister of Electricity Ziyad Ali announced that he would go to Qatar and Turkmenistan to supply them with gas to operate power plants instead of Iranian gas ink
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Tishwash: Iraq welcomes cooperation and investment with Saudi Arabia to develop the energy sector
Urgent
▪️ While receiving a high-ranking delegation from the Saudi Ministry of Energy
▪️ Deputy Prime Minister and Minister of Oil:
confirms his welcome to cooperation, partnership and investment with brothers in the Kingdom to develop the oil and energy sector
🔸 The Deputy Prime Minister for Energy Affairs and Minister of Oil affirmed the keenness of the government and the ministry to enhance
opportunities for bilateral cooperation between the Republic of Iraq and the Kingdom of Saudi Arabia in all fields, including the oil and energy sector.
This came during his meeting with Mr. Mohammed bin Abdul Rahman Al-Ibrahim, Assistant Minister of Energy for Oil and Gas Affairs in the Kingdom, and the accompanying delegation,
which included a number of officials and advisors in the Ministry of Energy and Saudi Aramco.
Deputy Prime Minister for Energy Affairs and Minister of Oil, Hayan Abdul-Ghani, said that this meeting comes as a continuation of the results of the visit of Prime Minister Muhammad Shayaa Al-Sudani to the Kingdom, and the desire of the two countries to develop bilateral relations and accelerate the transfer of joint projects to actual practical implementation, in a manner that serves common interests for the two brotherly peoples.
Abdul-Ghani referred to the distinguished relations between Iraq and the Kingdom, which witnessed great development,and Iraq's welcome to Saudi companies to invest and participate in the development of oil and gas fields, refining, infrastructure and others.
For his part, Mr. Mohammed bin Abdul Rahman Al-Brahim, Assistant Minister of Energy for Oil and Gas Affairs in the Kingdom, conveyed the greetings of the Minister of Energy, His Highness Prince Abdulaziz bin Salman, and his desire to establish a number of bilateral cooperation projects between the two brotherly countries in the oil and energy sector.
Al-Brahim added that the delegation held talks with officials In the Ministry of Oil of the Republic of Iraq, a number of investment opportunities were reviewed in the oil and gas sector, exploratory sites, liquidation, etc., expressing his hope to reach an agreement on a number of projects in the near future.
While the Undersecretary for Distribution Affairs, Mr. Ali Maarej, said that the delegation of the Ministry of Energy and Saudi Aramco in the Kingdom of Saudi Arabia had seen the investment map in the oil and gas sector, where the head of the delegation expressed his country’s desire to participate and enter into a number of investment projects in the oil and gas sector
in Iraq, and they have agreed to continue the dialogue during the next few days. link
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KTFA:
Zeeman: Just a thought. Iraq has made great strides in improving the country and working on cleaning up corruption even though like in the US- everywhere you turn there is corruption.
What if iraq wanted to change the value of their money which they really need but could not due to outside intervention like the US.
The US is losing its power of the USD worldwide and since Iraq is considering BRICS as well as depegging from the USD…..could there be pressure by the US not to change the value of the dinar? Just a thought imo
Suzie: If there IS outside interference such as from the US that tells me Iraq isn't "sovereign" yet and with the exchange rates of dollar and dinar going up again....who knows? Until they iron out the HCL and finalize it and have FULL clearance from the IMF I think we're waiting for awhile yet.....just MY opinion, hope I'm wrong.
DoTalkToMe: Iraq is not in control of when they will be allowed to open their budget.They are waiting for a green light from another institution. Stall after stall it drags on. Still believeing for 2023 as of now.
Courtesy of Dinar Guru
Petra I am sure there are folks who don’t want this to happen. Fortunately, there are a lot more powerful and influential people who want this to go…like 44 million Iraqi’s who have been promised more PP and a new rate! And there are many “influential and powerful” people in Iraq that are mad that this has “not” occurred!
Frank26 [Iraq boots-on-the-ground report] FIREFLY: TV says the CBI is on the ground working on banking reforms. FRANK: Banking reforms mean a new exchange rate and international currency and the removal of USD by de-pegging. And by de-pegging from the American dollar so they can pair with many other counties in an international basket that will float and add value to your currency. That's what what means.
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Businesses are Failing at the Fastest Pace since 2010
Heresy Financial: 7-19-2023
Businesses have been failing at the fastest pace since 2010. In the aftermath of the Great Financial Crisis, a recent report by S&P Global Market Intelligence shows bankruptcy filings by year are at their highest level in 13 years.
Timecodes
0:00 Bankruptcies Now vs Then
2:10 Why Now
6:28 Which Companies are Affected
7:11 Stock Market Next
8:42 Opportunities Ahead