Zig’s Place Chatroom News Tuesday AM 11-23-21

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

Sheila   Next few days should be historical. Maybe only see the impact in hindsight?

butterfly  French company: These are our projects to finance power distribution stations in Iraq

Tuesday 23 November 2021 The French Schneider Electric Company disclosed its first projects to finance power distribution stations in Iraq.  The company's regional director in Iraq, Emra Takdemir, said in a press conference today, "Schneider provides technology that contributes to sustainable energy, and we have many plants to produce reduced energy that operates on less fuel."

He explained, "The company signed a memorandum of understanding with the Ministry of Electricity a year ago to develop the power distribution network in Iraq," noting that "Schneider is known for its capabilities in the electricity sector and we contribute to the development of efficient infrastructure."

He added, "The Iraqi and French government are working on investing in electricity projects, as some stations were built from the budget of the Ministry of Electricity and others were done through joint construction," noting that "the company owns thousands of employees, including Iraqi engineers and workers to work in oil and energy projects, and has also trained 2000 Iraqi engineers, and we own 4 production licenses to develop the mechanical sector in Iraq.”

butterfly   He continued, "For two years, Iraq has been planning to build solar plants to generate electric power, and the company can contribute to building secondary plants powered by solar energy and help Iraq in this aspect."

In turn, Walid Shati, director of the Middle East and Africa branch, said, "Schneider has many projects in the field of electricity, internet and digital work, and there is a local team present in the cities of Erbil and Basra," noting that "the company works in the field of gas and oil in the province of Basra, and there Other projects to expand the discovery of oil, and we have efforts in the electrical sector and electricity distribution more during the past year."

He added, "The company does not work on generating electricity, but rather contributes to its development, and we specialize in developing and bringing advanced technology," noting that "all parts of Iraq have become pivotal, and we have a history with local and international oil companies and we have the competence to develop oil fields, and that the new program It is to develop competencies to run factories."

He explained, "The French company has been in Iraq for 40 years, and they are continuing to build new stations, and there is a project that will last for three years, and we have more than 100 stations built for the Iraqi Ministry of Electricity with funding of more than one billion euros."

butterfly   He went on to say, "The problem in the Iraqi electricity sector lies in the traditional production and distribution methods, which are oil and gas," noting that "the new ways are wind, where renewable and clean energy will constitute about 80% of energy production in the coming years."

He explained, "Schneider specializes in the field of distribution, which is the most difficult link in the electricity sector, but often the distribution is very close to the processing areas, so the problems of processing are in this axis." https://ninanews.com/Website/News/Details?key=940718

butterfly   Baghdad sends more than two billion dinars in financial dues to the Kurdistan region

Tuesday 23 November 2021 The federal government sent today, Tuesday, the seventh batch of financial dues to farmers of the Kurdistan region for the year 2021, which is scheduled to be distributed to the provinces of the region.

The Director General of the Directorate of Trade in the Ministry of Industry and Trade in the region, Nawzad Sheikh Kamel, said in a statement today, that the amount sent by the federal government is as follows: Sulaymaniyah one billion and 400 million dinars, Erbil 923 million dinars, Dohuk 140 million dinars.

He explained that after the administrative procedures are completed, the amounts will be distributed to farmers through the Directorate of Grain Trade of the Kurdistan Regional Government, noting that farmers will receive their financial dues as soon as possible from city banks. https://ninanews.com/Website/News/Details?key=940710

butterfly  The bank's sales exceed $200 million

Tuesday 23 November 2021 The central bank's sales of the dollar rose, today, Tuesday, to record more than 200 million dollars.

And the Central Bank stated in a statement, “Its auction for buying and selling US dollars witnessed an increase in its sales by 3.55% to reach 204 million and 800 thousand and 417 US dollars, covered by the bank at a base exchange rate of 1460 dinars per dollar, compared to yesterday, Monday, in which sales amounted to 197 million and 357 thousand and $ 573 US.

I went most of the sales of the bank to boost assets abroad in the form of remittances and credits reaching 143 million and 840 thousand and $ 417, while gold remaining $ 60 million and 960 thousand dollars in cash.

the 27 banks to meet the requests for strengthening the assets in Abroad, including 18 banks to meet cash requests, in addition to 273 mediation companies. https://ninanews.com/Website/News/Details?key=940698

 butterfly   Jamal Cougar to / Nina /: The final results must be announced as soon as the announced boxes are opened yesterday

Tuesday 23 November 2021 The winning candidate, Jamal Kougar, confirmed that: The final results must be announced immediately after opening the announced boxes yesterday.

He told the National Iraqi News Agency ( NINA ): The Election Commission and the Judicial Council, which ordered the opening of the boxes announced yesterday, were supposed to announce that these are the last boxes to be opened and prepared manually until the door is closed for any further step.

He continued, "When this process is over, the results should be announced immediately afterwards, otherwise other voices will rise and the door will be open to many similar demands."

He stressed: The Commission should issue a statement declaring that these funds that will be opened are the last meal.

The spokeswoman for the Independent High Electoral Commission, Jumana Al-Ghalay, announced yesterday that the commission will start sorting 382 new stations today, Tuesday.

Al-Ghalay said in a televised statement: More than 15,000 boxes were re-sorted manually by the Commission, adding that manual counting and sorting operations are taking place in front of international and UN observers.

She explained, that the final results of the elections will be announced by the commission after its approval. https://ninanews.com/Website/News/Details?key=940653

butterfly   Maybe just maybe we will finally find out who won in Iraq.

butterfly  To Reduce Prices, Biden Orders The Release Of 50 Million Barrels Of US Strategic Oil Reserves

ECONOMIC   LAST UPDATE 11/23/2121 | 3:41 PM   The White House announced, on Tuesday, that US President Joe Biden decided to resort to releasing quantities of the strategic oil reserves in coordination with other countries.

Biden decided to use 50 million barrels of US strategic oil reserves in a coordinated effort with other countries to mitigate rising fuel prices.

The White House said: "(The quantity) will be released in parallel with other energy consuming countries, including China, India, Japan, the Republic of Korea and the United Kingdom."

The US decision is part of a plan it has reached with major Asian energy consumers to lower energy prices.

After the White House announcement, US West Texas crude fell $1.38, or 1.8 percent, to $75.37 a barrel.

Earlier, reports indicated that the United States, Japan and India will release crude oil reserves to lower prices despite the risk of faltering demand due to the spread of coronavirus cases in Europe. https://almaalomah.me/2021/11/23/566276/

butterfly  Report: America Pressures OPEC To Increase Oil Production After Prices Rise

ECONOMIC   LAST UPDATE 11/23/2121 | 12:19 PM  A report by Reuters stated that US pressure on the Organization of Petroleum Exporting Countries (OPEC) to pump more and reduce crude oil prices has shed light on a new problem, which is that a number of these countries do not have the ability to increase production faster, even if they wanted to. .

The report, translated by the "Information" agency, stated that "the Organization of Petroleum Exporting Countries (OPEC) and its allies, known as OPEC + are working to break the record supply restrictions that were imposed in 2020 when demand waned, but not fast enough for Washington, which fears that prices will reach near their highest levels. within three years.”

He added that "OPEC and Russia have resisted US pressure for faster increases, and have stuck to its plan to gradually increase production by 400,000 barrels per day every month since last August, saying that they fear that the faster increase will lead to a large surplus in 2022."

However, OPEC and its allies cannot even achieve those goals. According to the International Energy Agency, OPEC production was 700,000 barrels per day lower than planned in September and October, raising the possibility of a tight market and higher oil prices for a longer period.

And the report indicated that “the decline in investment in production caused by the epidemic and the environmental pressure on the major oil companies, especially in the poorer OPEC countries, means that only three members of OPEC, namely Saudi Arabia, the United Arab Emirates and only Iraq, have the additional capacity available to increase supplies relatively quickly.”

butterfly   The report indicated that, “Although high crude oil prices can help increase supply, investment is hampered by environmental, social and governance concerns and concerns about global warming, as banks impose fees on oil loans more than green projects.”

For his part, the president of the Vitol oil company, Russell Hardy, said, "It is clear that the possibility of a rise could reach $100 a barrel." https://almaalomah.me/2021/11/23/566235/

Zig   sheila : Based on what?....Why?

Sheila   Zig Lindell appears before Supreme Court today.

Sheila   @Zig think that's correct information. presenting election fraud information? we shall see.

Zig   sheila : Okay thanks..

Zig If you access this chat via https://my.cbox.ws/ZIGPLACE

You can make the box much bigger by clicking this link ZIGPLACE - Cbox