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TNT
CandyKisses:
BRICS group prepares for oil trade “without dollars”
A recent report published by the American website “Energy Intelligence” considered that the potential expansion of the “BRICS” group raises more questions about the dollar’s dominance in global energy trade.
When the six countries recently invited to the BRICS are added, namely Saudi Arabia, the United Arab Emirates and Iran, the group’s share of global oil production will jump from 20 percent to 42 percent.
“Interest in a non-dollar-based system may grow, but it is likely to take years from now. “Removing the dollar from its dominant position in energy trade could be particularly difficult.”
Given BRICS’ ambitions to de-depend on the dollar in its growing intraregional trade flows, expanding the group could increase the likelihood of competition, with countries considering non-dollar payment options.
Western sanctions against Russia have prompted several countries to look for ways to shield themselves from such threats, but the lack of alternatives necessitates the retention of the US currency.
Russia’s oil trade with India faces currency obstacles: Russia does not want Indian rupees to flow into it, while India is reluctant to use the yuan, the currency of regional rival China.
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Another 14 countries have applied to join the group, including oil and gas producers, giving further impetus to the transition effort, but the dollar’s position in oil transactions is deeply entrenched, the report said
Tishwash:
Tomorrow… a delegation from Erbil will head to the United States
A delegation from the local government in Erbil governorate is scheduled to go to the United States tomorrow, Sunday, to conclude a twinning contract with the city of Nashville, while the governor, Omid Khoshnaw, complained about the federal government’s continued failure to supply the region with fuel, including gasoline.
Khoshnaw said in a press conference, “A delegation from Erbil governorate will visit the United States tomorrow, Sunday, with the aim of signing a twinning contract with the city of Nashville,” expressing “hope that this contract will be in the interest of developing relations between the two sides, because it is very important in developing communication between peoples.” and governments.”
“We are proud that Erbil is the only city that will conclude a twinning contract with Nashville in the Middle East,” he added.
On the other hand, during the conference, the governor touched on the high price of gasoline and the deterioration of its quality, which is the source of resentment and dissatisfaction of the population in Erbil. He said that obtaining gasoline at the subsidized price is among our rights, but it was confiscated by Baghdad.
He explained that gasoline is subsidized by the sovereign budget of Iraq, and we have a share in it, but the Kurdistan Region is not supplied with a single drop of this substance.
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Khoshnaw continued by saying: We hope that the Iraqi government will look at this issue with justice and equity for all regions and cities of the country, and lift the injustice against the Kurdistan Region regarding this issue. . link
CandyKisses:
To confirm Shafaq News. Sudanese in Shalamcha to launch a project with Iran
Prime Minister Mohammed Shia al-Sudani arrived on Saturday at the Shalamjah port in Basra province to launch a project with Iran.
A government source told Shafaq News Agency that “the Sudanese arrived at the port to lay the foundation stone for the railway link project with the Islamic Republic of Iran.”
Videos circulated on social media platforms also showed the arrival of security reinforcements at the Shalamjah crossing to lay a foundation stone on the railway project.
This comes as a confirmation to Shafaq News Agency, where a government reported on Tuesday evening, that Prime Minister Mohammed Shia Al-Sudani will visit Basra province next Saturday.
The source told Shafaq News Agency that the visit aims to lay the foundation stone for the railway link project with the Islamic Republic of Iran.
The Iraqi Minister of Transport recently visited the Iranian capital, Tehran, to discuss the file of rail link for the transport of passengers between the two countries.
An agreement between the two countries includes the start of mine clearance operations planted since the eight-year war between the two countries (1980-1988) in the border areas, and the construction of a drawbridge on the Shatt al-Arab (north of Basra), to be completed within a year and a half.
Source: Dinar Recaps
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