Zig’s Place Chat and News Sunday AM 5-2-21
Zig: Welcome to zig’s place, a chat room for dinar speculators and others….discuss any topic that you wish here
butterfly Iraq is giving SS to their citizens, well now ain’t that something….sovereign…..
Representative Work: We are committed to approving the workers’ retirement and social security law
Saturday 01, May 2021 15:32 The Parliamentary Committee on Labor, Social Affairs, Immigration and Immigration affirmed its commitment to complete the approval of the retirement and social security law for workers in order to guarantee their legal rights.
In a press release, the committee urged the government to take into account the living conditions of workers and support them, and to put in mind the segment of workers in its decisions because they are an important segment in society and by their efforts the country is built, and it also called on all trade unions and trade union organizations to exercise their work seriously to protect workers’ rights and defend them.
butterfly During his visit to the Karbala refinery .. Minister of Oil: The project represents a significant addition and a higher value to the refining sector
Sunday 02, May 2021 09:24 Oil Minister Ihsan Abdul-Jabbar Ismail stressed the importance of expediting the completion of the Karbala oil refinery project, despite the health conditions and challenges facing Iraq and the countries of the world.
He said during his visit to the Karbala oil refinery, according to a statement by the ministry: “The refinery represents a supreme value and an important addition to the refining sector in Iraq in terms of quality and quality, because it will contribute to covering more than 90% of the local need for oil derivatives after the completion and operation of a number of other projects. In the liquidation sector that the ministry is carrying out in this context, in addition to this project. ”
The Minister of Oil indicated that he had instructed the refinery administration to speed up the completion of the technical measures required to supply the electrical power system to the province with a generative capacity of 200 megawatts this summer.
Ismail revealed the completion of the production units of the refinery, which include (35) operational and service units, including four gasoline production units.
butterfly Iraqi-Iranian talks in Tehran regarding the gas exports agreement
Sunday 02, May 2021 09:39 Discussions took place in Tehran between Iranian Oil Minister Bijan Namdar Zangana and Iraqi Electricity Minister Majid Mahdi Hantoush to discuss ways for Iraq to pay off the debts owed on it by Iranian gas exports to it.
According to the “IRNA” agency, during the meeting, the Iranian Oil Minister referred to two important agreements to export Iranian gas to Iraq, which were concluded during the past years with the Iraqi Ministry of Electricity, and said: “So far, 27 billion cubic meters of Iranian gas have been exported to Iraq.”
He stressed that the relations are very strong between the people and the governments of Iran and Iraq, expressing his hope that the visit of the Iraqi Minister of Electricity to Tehran will lead to the development of relations between the two sides and the Iranian oil and Iraqi ministries of electricity, for which good pillars have been established in the past.
butterfly Zangana said, “Of course, the payment of debts (owed by Iraq) regarding (Iranian) gas exports is facing problems, but we hope that we will be able to reach a solution in this area.”
For his part, the Minister of Electricity said during the meeting: “The relations between Iran and Iraq are excellent, and we are striving to develop them day by day.”
Hantoush referred to the agreement on gas exports between the two countries to operate the Iraqi power stations, and said: “We seek to find a way to solve the problem of paying the dues and pay the price for gas to Iran. ”
Butterfly Al-Rafidain Bank announces the distribution of salaries for members of the Popular Mobilization Forces
Sunday 02, May 2021 Al-Rafidain Bank announced the distribution of salaries for the employees of the Popular Mobilization Authority after including the increase in it.
The bank said in a statement that the Iraqi National News Agency / NINA / received a copy of it: “The salaries of the Popular Mobilization Forces have been raised, and affiliates can receive their salaries from our network of branches spread in Baghdad and the provinces or private exchange outlets, after sending text messages informing them of the payment of the salary.”
Butterfly I have always been interested in Iraq since my lifer Marine spent so many years over there. Two more years and he will have put in his 20 yrs.
butterfly More than five and a half billion dollars in Iraq’s oil revenues in a month
2021-05-02 03:50 More than five and a half billion dollars in Iraqs oil revenues in a monthShafaq News / The Ministry of Oil announced on Sunday the total exports and revenues achieved for the month of April.
According to the preliminary statistics issued by the Iraqi Oil Marketing Company “SOMO”, where the volume of exports of crude oil reached (88) million and (398) thousand and (319) barrels, with revenues of (5) billion and (525) million and (330) one thousand dollars .
The statistics indicated that the total exported quantities of crude oil for the month of April from the oil fields in central and southern Iraq amounted to (85) million and (534) thousand and (916) barrels. As for the Kirkuk fields through the port of Ceyhan, the exported quantities reached two million and ( 863) a thousand and (403) barrels.
The average daily exports reached two million, and (947) thousand barrels, while the average price per barrel was (62,505) dollars. shafaq.com
Butterfly Iraq is the seventh richest country in the Arab world and the 105th in the world
2021-05-02 05:43 Iraq is the seventh richest country in the Arab world and the 105th in the worldShafaq News / Iraq ranked seventh in the Arab world, and ranked 105 globally out of 140 countries listed in the list of the richest countries in the world for the year 2021 in terms of per capita share of GDP, according to the American CEO World magazine.
The magazine said in a report seen by Shafaq News: The State of Qatar ranked first as the richest Arab country, while it ranked 10 in the world, as the per capita share of Qatari GDP reached 59,143 thousand dollars, followed by the UAE 26 globally with a share of 35,171 thousand dollars, Kuwait 39 globally with a share of 25,290 thousand dollars and Bahrain 41 in the world, where the per capita share reached Of the GDP, 24,294 thousand dollars,
then Saudi Arabia 43 globally, with a share of 22.7 thousand dollars, and Oman 51 globally, with a share of 16,212 thousand dollars, and Iraq came in seventh and ranked 105 globally, with a share of 4,632 thousand dollars.
Globally, Luxembourg was the richest country in the world in 2021, with a per capita GDP of 131,782 thousand, followed by Switzerland with a share of 94,696 thousand dollars, then Ireland with a share of 94,556 thousand dollars, then Norway with a share of 81,995 thousand, and the United States of America came in fifth place with a per capita share.
With a gross domestic product of 68.309 thousand dollars, while the Ivory Coast state tops the list with 2567 thousand dollars, preceded by the state of Honduras, 2586 thousand dollars.
What is meant by the gross domestic product is the market value of all final goods and services locally in a country, that is, what is produced within the country during a specific period of time, and helps in measuring the standard of living of the individual. Thus, the total income increases, and ultimately the per capita income increases. shafaq.
butterfly Dollar exchange rate in Iraq for today
05/02/2021 10:10:43 Dollar exchange rate in Iraq for todayThe exchange rates of the dollar against the dinar in Iraq witnessed, today, Sunday, relatively stable, with their price in the previous days.
The exchange rate on the Al-Kifah Stock Exchange in Baghdad was 147,950 dinars against a hundred dollars, while its approximate price in the rest of the exchange was 147,500, and Erbil’s exchange was recorded at 148,200 and Basra recorded 148,000 against 100 dollars. alforatnews.com
Dave 105th bummer!
butterfly Iraq Pays another $380m Reparations to Kuwait The United Nations Compensation Commission (UNCC) made available $380 million to the Government of the State of Kuwait towards the Commission’s remaining claim with an outstanding award balance.
The United Nations Compensation Commission is a subsidiary organ of the United Nations Security Council. It was established in 1991 in accordance with Security Council resolutions 687 (1991) and 692 (1991) to process claims and pay compensation for losses and damages incurred by individuals, corporations, Governments and international organizations as a direct result of Iraq’s invasion and occupation of Kuwait (2 August 1990 to 2 March 1991).
The Commission received approximately 2.7 million claims and concluded its review of all claims in 2005. Approximately$52.4 billion was awarded to over 100 Governments and international organizations for distribution to the successful 1.5 million claims in all claim categories.
Successful claims are paid from the United Nations Compensation Fund which receives a percentage of the proceeds generated by the export sales of Iraqi petroleum and petroleum products. This rate was set at five per cent under Security Council resolution 1483 (2003) and reaffirmed in subsequent resolutions. Pursuant to Governing Council decision 276 adopted in November 2017, the percentage was set at 0.5 per cent for 2018, 1.5 per cent for 2019 and 3 per cent for 2020.
The rate will remain at 3 per cent until such time as the outstanding compensation has been paid in full. Payments are made on a quarterly basis utilizing all available funds in the Compensation Fund under Governing Council decision 267 (2009).
butterfly With today’s payment, the Commission has paid $50.7 billion, leaving approximately $1.7 billion to be paid towards the outstanding claim. This category E claim was submitted by the Government of the State of Kuwait on behalf of the Kuwait Petroleum Corporation and awarded $14.7 billion in 2000 for oil production and sales losses as a result of damages to Kuwait’s oil field assets. It represents the largest award by the Commission. (Source: UNCC)
Dave butterfly …and 5billion/month in oil alone
butterfly Invest in Iraq’s Potential — or Pay for Its Neglect By Sajad Jiyad, for The Century Foundation (TCF). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News.
Invest in Iraq’s Potential — or Pay for Its Neglect
Iraq is currently teetering on the edge of collapse.
Its economy is struggling, the country is reeling from the COVID-19 pandemic, and the Islamic State and paramilitary groups continue to pose security challenges.
Tensions between Iran and the United States play out on Iraqi territory unabated.
Click here to read the full article. https://tcf.org/content/report/invest-iraqs-potential-pay-neglect/?session=1
Dave could pay the balance off in a couple weeks
butterfly Iraq’s Elections “Unlikely to be Game-Changers” Iraq is due to hold elections in the next 12 months, whether early ones – as protestors have demanded and politicians have agreed to – or regular ones at the end of parliament’s term.
Public pressure has led to a reform of the elections law by breaking up Iraq’s 18 provinces into 83 electoral districts and bringing in firstpast-the-post voting.
The changes are meant to make elections more competitive and make MPs more representative and accountable. Doubts exist as to whether the existing parties in power will actually see their seat share reduced by the entrance of new parties.
Barriers to entry and competition will make it difficult for new parties to challenge incumbents. Some protestors, disappointed with the pace of reforms, have called for a boycott of elections. Turnout is likely to be low again, supporting the status-quo power distribution.
Questions continue as to when the vote will happen, whether the electoral commission will be ready and can hold proper elections, and the degree of legitimacy they will have. This paper predicts that the upcoming elections will not be game-changers and merely support the extension of the current domination of politics by the established elite.
butterfly Could only hope Dave
butterfly 2021-05-02 05:09 Shafaq News/ The Central Bank of Iraq sales of hard currency declined to $162 million today, Sunday.
Shafaq News Agency correspondent reported that CBI sales at the Foreign Exchange Auctions registered a 8.47% decline in its sales to settle at 162,293,297 dollars, compared to 177,231,378 dollars yesterday. The weighed average rate of the dinar to the U.S. dollar amounted to 1460.
Our correspondent explained that 16 banks and 11 exchange companies cashed $21.6 million, while $140,693,297 went to boost funds abroad in the form of transfers and credits, with 30 banks meeting those requests.
butterfly 2021-05-02 02:58 Shafaq News/ The Iraqi Ministry of Oil said that construction of the Karbala oil refinery has reached its final stages, indicating that it will add 200 Megawatts to the governorate’s power grid this summer.
The Minister of Oil, Ihsan Abdul-Jabbar, said in a press release today, Sunday, “the refinery represents an additive value to the refining sector in terms of quality and standards. It will cover more than 90 percent of the domestic demand on oil derivatives after operating some other projects the Ministry is implementing within the same framework of this project.”
The Minister instructed the administration of the refinery to expedite the required technical procedures to “supplement the power grid of the governorate with a power supply to 200 Megawatts by summer.”
Abdul-Jabbar said that the refinery contains 35 production and operation units, including an FCC unit and a Naphtha Polycarbonate unit (90 and 95 Octa), and 44 depots.
The Ministry’s undersecretary of Refineries, Hamed Younes, said, “the Minister asserted the need to establish a schedule to train the domestic human power that will operate the technical and producing units,” indicating, “more than 90% of the project has been completed.”
“The operations will begin in the first quarter of the next year according to the schedule,” Younes said.
Sheila No. 1 Source for Oil & Energy News: https://oilprice.com/
Dave butterfly The operations will begin in the first quarter of the next year according to the schedule,” Younes said.
Dave no power yet
butterfly Dave Call me crazy, but I have been looking at 2024 and the IMF somewhat agrees.
butterfly They need to be stable and they are learning, they are inviting other countries instead of isolating themselves.
Dave butterfly 2024…..sounds reasonable…….takes 1-2 yrs to seat a Govt after elections if maybe?
butterfly They are trying to find that other shoe that got lost in the closet.
Dave the only good thing now is they now have an official Federal Court…..
Dave how that will play out amoung the Kurds Shia and Sunni?
Dave my take …call me a negative Nellie
butterfly Interesting, sound familiar: …………………..2021-05-02 09:30
Shafaq News / Press freedom in Iraq has deteriorated yet further with a fierce backlash against media efforts to cover the wave of anti-government protests that began in October 2019, Institute of War and Peace Reporting (IWPR) said.
The report added, “Directors of IWPR partner radio stations have warned that freedoms hard-won after the Islamic State (IS) era are at risk if they attempt to hold politicians and officials to account”, pointing out, “The Iraqi Press Freedom Advocacy Association (PFAAI) documented 305 violations across the country in 2020, ranging from assassination and arrests to the confiscation of equipment and closure of media institutions. Most of these incidents were associated with the popular protests.”
In al-Anbar, Daoud Suleiman, the director of Voice of Youth Radio, one of the stations supported by IWPR between 2018-2020 to build editorial skills and commercial viability, recalled how hard it had been to operate at the height of Islamic State (IS) activity. He personally had received numerous threats over the stations’ outspoken opposition to the militant group, as by the report.
It noted, “instead, the station now had to deal with anger from politicians and the government officials when it covered issues such as corruption and poor state provision.”
“When it comes to talking about lack of government services, there is a limited freedom,” Suleiman said. “We receive warnings.”
The report quoted Suleiman saying, “When we reported about some corrupt doctors at the government maternity hospital who sent patients to a private hospital so as to charge them money, we got harassed and lawsuits were filed against us.”
Saddam Al-Sakmani, director of Al-Ghad Radio in Tikrit, Saladin province, also said, as by the report, that addressing issues of corruption and government failure was a risky business.
butterfly “Saladin is a tribal governorate,” he said. “If you talk about corruption, the government will sue you twice – through the tribes and through the courts. Of course, as an independent media with limited income and without political support, it is difficult to face the government,” the report quoted Al-Sakmani.
Al-Sakmani said that freedom of the press steadily growing locally, with the army in particular becoming more willing to cooperate with journalists.
Nonetheless, he said that the sector still suffered from a lack of access to information.
“How I can get information when many government officials refuse to talk as they say that they don’t have permission from their ministries to speak to the media,” he asked.
nevertheless, In Nineveh, Radio Voice of Peace faces, as by the report, an extra challenge as a Christian outlet that focuses on building a sense of unity among the area’s diverse religious and ethnic communities.
Saeb Daoud, its director, said that trust had been severely damaged after the ISIS occupation in which heinous crimes were committed against minority groups.
Freedom of the press had also improved in Nineveh, he said, although progress remained uncertain.
Sheila Latest Nicks Intel post & podbean: https://www.podbean.com/media/share/pb-4euzx-102537a
Our military intel contact said his info is T4B is still going to redemption centers, he has similar rate info he said; sign offs for the start were completed as of 9:30 pm PST tonight Sat 1, of May, accd to his info.(edited)May 2, 2021 by nvfleming May 2, 2021 https://www.podbean.com/media/share/pb-4euzx-102537a
Zig sheila : Do you believe the stuff that Nick puts out?
Sheila Zig Find his postings interesting. With Nicks military background, I am loath to completely dismiss his words.
Sheila mind is like a parachute. does not go you any good if it’s closed.
Dave mine opened on impact
Sparky… my brother shared a ‘chute , and survived … 82nd …
Sparky … two pulls nothing … hah to skate to another brother to take him home ….. pulled him by the elbows in mid air ….. but anywho, he’s running Boston come October …nice to know real … and my bro tops out at real …
Sparky … he is scuba diving today …… he doesn’t know I hold IQD …
sheila @Sparky Yes, most of my family were told about this speculation over decade ago. One of them purchased and they got two of their kids to buy and hold. No one else was interested. Thought it another crazy idea from their weird sister. lolol
Sparky sheila … I do appreciate your optimism …
Sparky … another crazy idea. that’s how we progress ..
Sparky … funny thing … we all have this crazy idea … else we wouldn’t be here …
Sparky … seems logical … ‘cept for the corruption …