[Iraq’s] Cabinet amended its own Decision 348 to authorize the Oil Ministry to sign three agreements with Chevron: an advance payment arrangement, a crude supply deal, and a technical consulting contract…Dollars now. Barrels later. Trust, in writing. There is an old rule in commodity finance, and it has never had an exception…: you prepay only
the supplier you trust to deliver. Nobody wires money up front to a country whose books they cannot read, whose banks they cannot trace, whose cargo might never clear a port. For 20 years that country was Iraq. So today we…look at what it means when the most careful money in the oil business decides Baghdad is safe to pay in advance. Because that decision landed 6 days before the document that should price the new dinar into law. :Reset Intelligence
