Dinar Detectives - Iraqi Dinar Recaps from Dinar Guru and Intel
  • Home
  • News
  • Dinar Guru
    • Judy Byington
    • MarkZ
    • Ninja
    • TNT
    • FRANK26
    • Bruce
    • KTFA
    • Mnt Goat
    • Pimpy
    • Militia Man
    • Nader
  • Video
  • Audio
  • Contact
No Result
View All Result
Dinar Detectives - Iraqi Dinar Recaps from Dinar Guru and Intel
  • Home
  • News
  • Dinar Guru
    • Judy Byington
    • MarkZ
    • Ninja
    • TNT
    • FRANK26
    • Bruce
    • KTFA
    • Mnt Goat
    • Pimpy
    • Militia Man
    • Nader
  • Video
  • Audio
  • Contact
No Result
View All Result
Dinar Detectives - Iraqi Dinar Recaps from Dinar Guru and Intel
No Result
View All Result
  • Home
  • News
  • Dinar Guru
  • Video
  • Audio
  • Contact
Home Dinar Guru Updates Awake-In-3D

Awake-In-3D

November 23, 2023
in Awake-In-3D
Share on FacebookShare on Twitter

Iraq Breaking Away from USA to Forge New Ties with Russia and China: Great News for IQD RV

On November 22, 2023 By Awake-In-3D

In RV/GCR

In a series of strategic moves away from U.S. influence, Iraq has solidified its ties with Russia and China, marking a major shift in the geopolitical landscape with significant economic implications.

Perhaps creating the final impetus for a revaluation (RV) of the Iraqi Dinar (IQD).

As the U.S. focuses on the Israel-Hamas War, China and Russia have strategically expanded their presence in Iraq, aiming to capitalize on its potential as a major crude oil producer and a vital link in the logistical network connecting Eurasia to Europe.

Recently, in a key Cabinet meeting chaired by Prime Minister Mohammed Shia Al-Sudani, Iraq took a major step towards increasing its oil production and exports to China.

42nd Session of Iraqi Cabinet with Prime Minister Al-Sudani. Source: Iraqi Business News

The Cabinet agreed to boost crude oil exports to China by 50%, raising the daily production capacity of Iraq’s largest oil field, Rumaila, to 1.4 million barrels per day.

This is part of Iraq’s ambitious plan to reach 8 million barrels per day by 2028.

Simultaneously, Iraq pledged full support for the ‘Iraq-China Framework Agreement’ signed in December 2021, resembling the comprehensive ‘Iran-China 25-Year Comprehensive Cooperation Agreement.’ Central to these agreements is China’s priority access to Iraqi oil, gas, and petrochemical projects, coupled with a substantial discount on purchases.

China will also be permitted to establish factories across Iraq, supported by extensive infrastructure development, including crucial railway links aligned with China’s ‘Belt and Road Initiative.’

As these agreements unfold, the presence of Chinese security personnel, backed by Iranian counterparts from firms like Khatam al-Anbia, will be prominent at key project sites.

Furthermore, Russia’s long-term plans to exert influence in Iraq have advanced, with Prime Minister Al-Sudani meeting Russian President Vladimir Putin in Moscow.

Iraqi Prime Minister Al-Sudani Meeting with Russian President Putin on October 10th 2023. Source: Iraqi News

Discussions extended beyond the oil sector to include the future of oil exports from Kurdistan to Turkey, where Russia’s Rosneft plays a pivotal role. Iraq’s Deputy Prime Minister for Energy and Oil Minister also engaged with Gazprom Neft to discuss upcoming oil and gas projects.

These developments signal a major shift in Iraq’s alliances and geopolitical positioning.

As China and Russia deepen their involvement, the Iraqi Dinar could see a strengthening exchange rate, driven by increased oil production, strategic partnerships, and the infusion of foreign investments into the country’s infrastructure.

As this strategic shift continues to play out, we will likely witness a transformed economic landscape for Iraq, perhaps finally leading to a revaluation of Iraqi Dinar.

Supporting articles:

  • https://www.iraq-businessnews.com/tag/iraq-china-framework-agreement/

  • https://www.reuters.com/business/energy/petrochina-replace-exxon-lead-contractor-iraqs-west-qurna-1-oilfield-oil-2023-11-11/

  • https://www.iraqinews.com/iraq/iraqi-pm-al-sudani-meets-with-russian-president-putin-in-moscow/

© GCR Real-Time News

Tags: awake-in-3d
Previous Post

RAYRen98

Next Post

TNT

Related Posts

The Office of POOFness Weekly Report 7-21-2024

The Difference Between Currencies and Bonds in the GCR

July 25, 2024
Awake-in-3D

Awake-in-3D

March 21, 2024
Awake-in-3D – Russia and Iran Planning Joint Gold-Backed Currency

Awake-in-3D – Russia and Iran Planning Joint Gold-Backed Currency

February 28, 2024
Awake-in-3D – How Countries Can Successfully Reinstate a Gold Standard

Awake-in-3D – How Countries Can Successfully Reinstate a Gold Standard

February 28, 2024
Awake-in-3D: GCR Purchasing Power vs. Fiat Exchange Rates

Awake-in-3D: GCR Purchasing Power vs. Fiat Exchange Rates

February 27, 2024
Awake-in-3D: The Good Guy and Bad Guy Financial Reset Plans

Awake-in-3D: The Good Guy and Bad Guy Financial Reset Plans

February 25, 2024

At Dinar Detectives, we provide daily dinar updates and dinar recaps, featuring insights from popular dinar gurus. Stay informed with our comprehensive coverage of the latest dinar chronicles and gain valuable insights from dinar guru opinions.

Links

  • Home
  • News
  • Video
  • Audio

Useful

  • Privacy Policy
  • Disclaimer
  • Resources

Investment Indicator
Dinar Tube
Crypto Recaps

  • Privacy Policy
  • Disclaimer
  • Resources

© Dinar Detectives. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
  • Dinar Guru
    • Judy Byington
    • MarkZ
    • Ninja
    • TNT
    • FRANK26
    • Bruce
    • KTFA
    • Mnt Goat
    • Pimpy
    • Militia Man
    • Nader
  • Video
  • Audio
  • Contact

© Dinar Detectives. All Rights Reserved