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Zig’s Place Chatroom News Saturday Afternoon 9-25-21

Zig’s Place Chatroom News Saturday Afternoon 9-25-21

Zig:  Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here

butterfly   Oil prices exceed $78 for the first time in three years

Saturday 25 September 2021 08:59 International oil prices witnessed, on Friday, a rise that has not occurred since October 2018, after the price of a barrel of "Brent" exceeded $78.

And trading data, according to the Russian Sputnik agency, stated that the price of the November futures contracts for “Brent” oil amounted to $78.12 a barrel, an increase of 1.13 percent. “

The price of the November futures contracts for West Texas Intermediate oil” also rose by $74.11 a barrel, an increase of 1.13 percent. 1.11 percent.   https://ninanews.com/Website/News/Details?key=928991

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butterfly   https://ninanews.com/Website/News/Details?key=929034

A British company pleads guilty to accusations of bribery in oil projects in Iraq

Saturday 25 September 2021 11:42 The British oil services group "Petrofac" confirmed that it will plead guilty to seven counts of bribery to secure projects in Iraq, Saudi Arabia and the UAE between 2012 and 2015, describing it as a "very unfortunate period."

The company indicated its plans in London's Westminster Magistrates' Court after it was formally indicted by the UK's Serious Fraud Office (SFO), drawing the line for a four-year criminal investigation.

Petrofac said, "Offers or payments to agents to help secure projects took place between 2011 and 2017, but all employees involved left the company."

"This has been a very unfortunate period in Petrofac's history," Chairman Rene Midori said in a statement, adding that the "comprehensive program to renew the company" had been approved by the Office of Organized Crime.

Former CEO David Lufkin, who separately pleaded guilty to 14 counts of bribery to secure multi-billion dollar contracts for Petrofac in the Middle East, is also expected to be indicted.

butterfly   https://www.shafaq.com/en/Iraq-News/Barzani-Kurdistan-must-be-a-true-partner-in-Iraq Barzani: Kurdistan must be a true partner in Iraq 2021-09-25 04:23

Shafaq News/Kurdistan's President Nechirvan Barzani confirmed the need for the Region to be a real partner in the Iraqi federal state by sharing power in all its forms, stressing that this will ensure the stability of the new Iraq and preserve its territorial integrity.

"The people of Kurdistan have suffered over the past 100 years, and unfortunately, After a century, the Kurdish people are still struggling to obtain their rights as they were always afraid of the past. Also, today they are still afraid from the present," Barzani said in his speech during the conference: "Iraq: A tragic Fate" that was held in Erbil.

He added that "the power struggle is the main problem in Iraq, as well as when a party wants to impose its viewpoint on the other parties or resort to the use of force or punishment to resolve problems that have always occurred in Iraq."

The President touched on the emergence of ISIS in the country, saying, "If Iraq is not stable, the region will not be stable. If nothing changes, Iraq's problems will not be resolved. If the same political mistakes and the marginalization of components with the same mentality of imposing force continue, certainly, tomorrow an organization similar to ISIS will be born."

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"Iraq is the country of components. Since its establishment, it was formed according to three states (Mosul, Baghdad, and Basra); these states were based on geographical distribution and cultural heritage. Moreover, the Kurds are in the north, the Sunnis are in the middle, and the Shiites are in the south, and with these, there are many other religious and national components in Iraq." Barzani continued.

Zig   Zig's Place was opened in August, 2020...I opened it primarily to discuss the Iraqi Dinar and other currency speculations...and to discuss Iraq in general, as it pertains to our investment, etc...However, you may discuss other topics in here as well....many topics can be discussed simultaneously...

butterfly   https://ninanews.com/Website/News/Details?key=929029

Basra crude achieves profits of 2.19 dollars within a week

Saturday 25 September 2021 11:57 The price of Basra crude achieved a profit of $2.19 during the past week, after 30% of the United States' production of crude oil was stopped as a result of Hurricane Ida, which caused a scarcity of supplies.

Basra crude rose 53 cents to $76.66, achieving weekly gains of $2.19, or 2.94%.

Also, Brent crude rose in its last session by 0.84% ​​to reach $78.09, and it achieved profits of $5.17, or the equivalent of 7.09% in a week.

The US West Texas Intermediate crude was settled, with an increase of 0.68%, to reach $73.98 a barrel, to record weekly profits of $2.01, or 2.79%.

butterfly   America turns to Iraqi oil after Ida losses

2021-09-25 08:13   America turns to Iraqi oil after Ida lossesShafaq News/ Western media reported, on Saturday, that American refineries are heading to Iraqi oil, to compensate for the lost crude after Hurricane Ida, which hit the Gulf of Mexico last month.

The media, which was monitored by Shafak News Agency, said that the loss of up to 250 thousand barrels per day of acid March crude (the proportion of sulfur in it is high), prompted some American refineries to search for alternatives for the deliveries of the last quarter of the year, especially the Iraqi Basra crude.

She indicated that the two companies, “ExxonMobil” and “Placid”, had received supplies of sour crude from American stores, from the strategic oil reserves, to meet the immediate needs.

A crude trader in the American Gulf stated that “American oil companies began buying additional shipments from Basra to be delivered in October, whose prices were very appropriate.”

Most of the nine US refineries that halted production during Hurricane Ida have returned to production.

A trader said that the refinery company “Marathon Petroleum” bought Basra crude for loading next October.

Data on Refinitiv Eikon showed that the Suez tanker “Gag Lina” was provisionally booked to load 1 million barrels of Basrah Light crude on October 10 for the United States.   shafaq.com

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butterfly   Integrity: The money looted from Iraq is speculative numbers registered under fictitious names

Saturday 25 September 2021 | 01:03 PM   Integrity - The money looted from Iraq is speculative numbers registered under fictitious namesOn Saturday, the Federal Integrity Commission confirmed that the money looted from Iraq was registered under fake names in several countries, noting that “financial rewards” were given to return that money .

The Director of the Administrative and Financial Department of the Commission, Jassem Basem, said, “The sums of money looted from Iraq before 2003 are speculative figures, given that knowing the money is very difficult because it was recorded under fictitious names in the time of the previous regime .”

He added that “the statistics of looted money from Iraq before and after 2003 are not known and cannot be known .”

And Jassim indicated, “There is an initiative to return the money in accordance with the law, provided that the person obtains financial rewards from the money belonging to the state treasury .” aynaliraqnews.com

UNEEK   LEONARDO DA VINCI -- Italian - Author - Painter - Sculptor and Engineer ---

Born April 15 1452 - Died 1519    Great Quotes By Leonardo Da Vinci: 

"Patience serves as a protection against wrongs as clothes do against cold. For if you put on more clothes as the cold increases, it will have no power to hurt you. So in like manner you must grow in patience when you meet with great wrongs, and they will then be powerless to vex your mind."

"Oh Lord - thou givest us everything, at the price of an effort."

"You do ill if you praise, but worse if you censure what you do not understand."

"As a well-spent day brings happy sleep, so life well used brings happy death."

" I do not depart from my furrow" "Obstacles do not bend me" "Every obstacle is destroyed through rigor"

"Obstacles cannot crush me, every obstacle yields to stern resolve."

"The greatest deception men suffer is from their own opinions"

UNEEK   The Seven Da Vincian Principles:

1. Curiosita ---- Curiosity -- An Insatiably Curious Approach to Life and an Unrelenting Quest for Continuous Learning -- " The desire to know is natural to good men"

"Great minds ask great questions - The questions that engage our thought on a daily basis reflect our life purpose and influence the quality of our lives"

"The knowledge of all things is possible"

2. Dimostrazione ----- Experience -- A Commitment to Test Knowledge through Experience - Persistence - and a Willingness to Learn from Mistakes --

"To me it seems that those sciences are vain and full of error which are not born of experience, mother of all certainty - first hand experience which in its origins - or means - or end has passed through one of the five senses"

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3. Sensazione ---- Senses -- The Continual refinement of the Senses - especially Sight - as the Means to Enliven Experience --

"All our knowledge has its origin in our perceptions"

"The five senses are the ministers of the soul"

4. Sfumato --- Going up in Smoke -- A Willingness to Embrace Ambiguity - Paradox - and Uncertainty

"To the medieval mind the possibility of doubt did not exist"

"The greatest geniuses sometimes accomplish more when they work less"

5. Arte/Scienza -- Art / Science -- The Development of the balance between Science and Art - Logic - and Imagination "Whole-brain" Thinking

"Everything is connected to everything else"

UNEEK   6. Corporalita -- The Cultivation of Grace - Ambidexterity - Fitness and Poise

"Death in old men - when not from fever - is caused by the veins... which thickens so much in the walls that they become closed up and leave no passage for the blood"

Sickness - "The discord of the elements infused ingelbto the living body"

Healing -- "The restoration of discordant elements"

"Every man wishes to make money to give to the doctors - destroyers of life; they therefore ought to be rich." ......."Shun physicians: because their drugs are a kind of alchemy... he who takes medicines is ill advised"

7. Connessione -- A Recognition of and Appreciation for the Interconnectedness of all Things and Phenomena - Systems Thinking

"Your brain is much better than you think"

Iron rusts from disuse, stagnant water loses its purity and in cold weather becomes frozen; even so does inaction sap the vigor's of the mind.  

"How To think Like Leonardo Da Vinci" - By Michael Gelb

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butterfly   Tariq Harb explains the constitution’s position on normalization with Israel

2021.09.25 – 17:06   Tariq Harb explains the constitutions position on normalization with IsraelBaghdad – people

Legal expert Tariq Harb confirmed, on Saturday, that the Iraqi constitution does not prohibit calls for “normalization” with Israel, while stressing the respect for international obligations, including the countries represented in the United Nations.

Al-Harb said in a clarification followed by “Nass” (September 25, 2021), that “the constitution, in Article VII, specified one enemy for Iraq, which is terrorism, with regard to international relations when it decided to fight terrorism only,” adding that “the constitution prohibited inside the political entity (the party) that It adopts racism, terrorism, infidels, sectarian cleansing, or the party that is related to the (Saddam’s Baath) only and did not talk about a state.”

He continued, “The constitution did not mention the name of another country except for one country, Iraq. It did not mention the name of Israel or the name of any other country,” noting that “Article 8 of the constitution necessitated respect for international obligations, including the countries represented in the United Nations.”

He stressed that “it must be taken into consideration that Iraq is a member of the Arab League and that five Arab countries have normalized their relations with Israel without objection from the Arab League,” noting that “Article (18) of the constitution gave the right to those who were stripped of their citizenship to request its restoration, and this includes all Iraqi Jews whose citizenship was revoked under Law No. 1 of 1950 and Law No. 12 of 1951.

He pointed out that “Nationality Law No. 26 of 2006 in Article 14 prevented the children of Iraqi Jews from benefiting from the previous ruling, i.e. the ruling to restore citizenship, and this ruling contains talk about its constitutionality or its unconstitutionality.”

butterfly   And Harb added, “Crimes affecting the internal security of the state in the Penal Code No. 111 of 1969 stipulated the character of the enemy sometimes and the state of war at other times. We said that the constitution specified one enemy, which is terrorism only, and there is no state of war with any other country in accordance with the provisions of Article (61/ninth). of the constitution, which sets conditions for declaring war, and does not declare war with any country, according to the provisions of this constitution.  nasnews.com

 

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