Masrour Barzani heads to Baghdad at the head of a government delegation to discuss these files – Urgent
The President of the Kurdistan Regional Government, Masrour Barzani, left this afternoon, Saturday, July 23, 2022, Erbil International Airport, heading to Baghdad, at the head of a .government delegation
During his visit, the Prime Minister will meet with the Prime Minister of the Federal Council, .Mustafa Al-Kazemi, in addition to a number of senior officials in Baghdad
The visit aims to focus on the constitutional solution to the outstanding problems between .the Kurdistan Region and the Federal Government, foremost of which is the oil and gas file link
Good video by Nader today
semperfi01 the guy in that video claims the process has started, & could take a couple of weeks from now (which would be Aug 5th), or a month from now (could be August 22nd), or a month and a half from now (could be Sept 5th). So, this person says anywhere from 14 days to 45 more days….
I’m counting on the fact this will be done before the end of July BECAUSE the French oil company will cancel the 27 billion contract and that means the rate will be adjusted before then.
Nadar from the Mid East said he expected European banks to start exchanging dinar in a couple of weeks… He did not say it would be sooner than the US specifically. He was just passing on info from his friends in France
Watching what Iraq is doing via the articles and when they release the rate, it will be simultaneously worldwide. The digital aspect does speed up the process.
Im going to say this. Many are watching Nader’s video and think his accessment of the middle of Auguest is the time for the RV. Consider yesterdays news regarding the banks uploading all their documents so they can trade in the international market. The document stated 8-15-22 was the deadline. Well, consider, the document update has/is taking place if not already done.
Iraq has a hard date of the 7-31-22 for the TOTAL contract. They are not waiting until the 15th. Our RV is not waiting for the 15th. That date was given for those who have failed to get it done and given a warning when they will be excluded. So, those who are on the ball are ready to go now.
The framework reveals Al-Maliki and Al-Amiri’s fear of naming the next prime minister
On Friday, MP Ali Turki revealed that the leaders of the State of Law coalition, Nuri al-Maliki and al-Fath Hadi al-Amiri, feared that a figure would not be accepted by someone outside . the political process
Turki said in a televised interview, which was followed by (Baghdad Today), that ” recourse “. to the General Assembly aims to end the political blockage, as it is the only way out
He added that ” Al-Amiri and Al-Maliki are afraid of putting forward a figure that does not meet with acceptance, and that there is no problem within the framework, and everyone “.understands the situation of the political process
He pointed out that “within two days, the General Assembly must come up with a candidate for prime minister , and that the government will be formed within the framework, and “. everyone must contribute to its success link
Al-Maliki again attacks Muqtada Al-Sadr
He published a new audio clip of the head of the State of Law Coalition, Nuri al-Maliki, attacking Muqtada al-Sadr.
The leak included an accusation against the leader of the Sadrist movement, Muqtada al-Sadr, that he is pursuing an Emirati-Israeli-British project.
Al-Maliki said that “Muqtada al-Sadr is walking in a destructive project, an Emirati, British, Israeli project, led by Masoud Barzani, and this is not Muqtada, as Masoud became a reference for Arabs, Sunnis and Kurds, and they are now one word.”
He added, “Look how they handed us over to this hateful Zionist (Massoud Barzani). This is Muqtada al-Sadr.”
Al-Maliki added that “the websites affiliated with Muqtada al-Sadr talk about ropes, beheadings and executions in Tahrir Square, and they will do it, because they are Baathists, and all the Baathists have found a haven called Muqtada al-Sadr and the Sadrist movement, and Muqtada has become (cursing) against his father, who is now cursed in The street, and even worse, worse and painful, is that Muhammad Baqir al-Sadr has become so cursed.”
Al-Maliki pointed out that “the Sunnis took steps forward over the Shiites.”
For days, the political and popular circles have been living on the impact of those recordings leaked by the Iraqi journalist, based in Washington, Ali Fadel, where Al-Maliki spoke about a number of issues, and made accusations against his political opponents, such as: Muqtada al-Sadr and Massoud Barzani.
Al-Maliki also disclosed a plan to ignite a war between the Shiite parties, as armed factions prepare for any emergency, and he also accused most of the political forces, including his allies such as the Badr Organization and the Popular Mobilization, of employment and financial corruption.
The political scene in Iraq is still experiencing echoes of these leaks, and social circles have been preoccupied with them on social media, leading to protests in some areas.
The Iraqi judiciary began conducting official investigations into these leaks, after the escalation of demands by political parties and popular circles, for the need to investigate what was mentioned in al-Maliki’s speech. link
Saudi Arabia and Iraq come to the aid of Europe’s oil refiners
Saudi Arabia and Iraq are diverting more of their crude oil toward Europe, helping the continent’s oil refineries to overcome a pivot away from Russia.
More than 1 million barrels a day of crude has made its way to Europe from the Middle East in the first three weeks of July via a pipeline that crosses Egypt, according to vessel-tracking data compiled by Bloomberg. Volumes have roughly doubled from a year ago.
Russia’s invasion of Ukraine triggered a backlash among European companies, with many of them electing to stop dealing with Moscow. The so-called self-sanctioning nevertheless created a question about where they would find alternative supplies.
The piped flows are dominated by shipments from Saudi Arabia but Iraq is also ramping up deliveries too. Companies can either deliver into a pipeline called the SuMed that crosses Egypt or, if their ships are small enough, go straight through the Suez Canal into the Red Sea. Iraq’s cargoes are doing the latter.
Piped volumes have increased from about 800,000 barrels a day a month earlier to the highest since a brief surge during a production free-for-all in April 2020.
In addition to those flows, about 1.2 million barrels a day have been shipped toward the canal from the Persian Gulf in the first three weeks of July, mostly from Iraq. That could take total flows from the Middle East to Europe to 2.2 million barrels a day, up by nearly 90% since January, the last full month before the war began.
The shift comes as increasing volumes of Russian crude head in the opposite direction, from its Baltic and Black Sea ports to buyers in India and China. That’s given the two Asian countries bountiful cheap barrels at a time when fuel prices have been soaring.
“We now see a re-routing of some of those barrels away from Asia to Europe,” Giovanni Staunovo, commodity analyst at UBS Group said of Middle Eastern crude. That comes “with Europe scaling back their purchases of Russian barrels and Russia sending their oil instead to a key market of the Middle East, Asia.”
Whether the Middle East-to-Europe flows are sustainable is less certain. At the end of this year a European Union embargo on the Russian crude set to come into effect. Part of the sanctions package includes a ban on insuring shipments of Russian supplies to any buyers.
If the insurance ban hits overall exports — something the U.S. Treasury fears — then it could intensify competition for supplies from the Middle East again.
Saudi Arabia’s tanker company, Bahri, this week chartered a supertanker to transport crude from the Mediterranean to Rotterdam, a rare charter for the Kingdom’s tanker company that underscores the shift in flows.
The adjustment in where barrels are moving is also a reminder of logistical challenges that may emerge as buyers wean themselves off of Russian crude. Shipments are having to sail longer distances, boosting employment of the world’s oil tanker fleet.
Benchmark earnings for giant supertankers that can carry 2 million barrels of crude oil climbed to their highest since April this week, though were still relatively weak by historical standards.
Europe’s appetite for Middle Eastern crude is boosting so-called ton-miles, a demand measure that multiplies the amount of cargo by how far it gets shipped, according to said Lars Barstad, chief executive officer of Frontline Management AS.
“EU import ton-miles have at least doubled,” said Barstad, who runs the management company of one of the world’s largest tanker owners. “Russian oil ton-miles have tripled if not more.” link
Source: Dinar Recaps
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