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Ross
@Ross_ptm
T**g life IQD RV stuff right here, I don’t care what anyone says.
Why this matters for the revaluation of IQD.
1. Authority is being asserted, not negotiated.
Old Iraq style = ministers can stall mega-projects for factional, Iranian, or personal reasons and nothing happens.
New Iraq under al-Zaidi = the PM humiliates you on live TV next to a major foreign leader until you e*****e. That is a different operating system.
2. Development Road is not a side project.
This is the multi-billion-dollar rail + highway corridor from Al-Faw Grand Port up through Iraq into Turkey and then Europe.
It is the single biggest non-oil economic bet Iraq has. It turns the country into a transit hub, generates real non-oil revenue, and is designed to pull serious FDI.
Delaying the signature was not bureaucracy — it was resistance. Al-Zaidi just crushed that resistance in public.
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3. Optics + substance landed together.
This happened during a visit that also delivered:
Turkish state oil company TPAO taking a 15% stake in the BP-operated Kirkuk fields (3 billion barrels).
Talk of ramping Iraqi oil to Turkey toward 1 million bpd.
New pipeline discussion.
So you get both the infrastructure corridor and deeper energy integration with Turkey in the same trip.
That is economic sovereignty work, not photo-op diplomacy.
4. The resistance itself is the tell.
The minister’s hesitation (and the “WhatsApp” reply) fits the pattern of the old guard / Iranian-leaning elements still trying to slow-walk strategic files.
Al-Zaidi overrode it on camera.
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That is the exact behavior IQD investors have been waiting to see from the new government: less consensus theater, more forced e*******n on the files that actually matter for fiscal strength and investor confidence.
Source(s):
• https://x.com/Ross_ptm/status/2082254083843621247
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