WOTS MON MAR 8 21
These are the articles I discussed on the podcast at: https://anchor.fm/dashboard/episode/es4ua9
The British Ambassador: Iraq will witness a great openness to the world
The British Ambassador to Iraq, Stephen Hickey, said Saturday, March 6, 2021 that Iraq will witness a great openness to the world.
Hickey said in a press statement, that he is “very happy with the visit of Pope Francis, to Iraq,” noting that “this visit represents an important symbol of peaceful and pluralistic coexistence in Iraq.”
He added, “The whole world is now focusing on Iraq, because the Pope is an important symbol for the whole world,” noting that “we will witness the opening of Iraq to the world significantly.”
Parliamentary Finance: The adoption of the price of $ 45 a barrel of oil is far from reality
The reporter of the Parliamentary Finance Committee, Ahmed Al-Saffar, considered, Monday, that the adoption of the exchange rate of $ 45 in the budget is far from reality because all the data and expectations of oil experts that the price of oil will range between $ 61 to $ 69 during the year 2021, indicating that it was more appropriate to calculate the price of a barrel Oil, at least $ 50.
Al-Saffar said in a press interview, "Building the budget on the price of a barrel of oil at $ 45 is far from reality, as the last months of last year seemed to rise rapidly according to data expected, including finding vaccines for Corona and a significant drop in the US oil reserve."
He added, “Most of the members of the Finance Committee called on the government to adopt a price of $ 50 a barrel, and this is true, but the government refused to do so,” indicating that “if $ 50 was approved, it would provide us with 20 trillion dinars in the budget, and this will definitely reduce the budget deficit significantly and provide job grades And revitalizing the private sector, education and health.
Al-Saffar pointed out that "the committee raised the size of the budget to 129 trillion to support important sectors, based on financial abundance as a result of high oil prices, and perhaps we will work to conduct a supplementary budget after the seventh month if oil prices continue at this level."
The Finance Committee is returning to open an "important pricing" file in the 2021 budget after it was initially closed. An amendment will be made soon
The Parliamentary Finance Committee returned to open the file of the price of a barrel of oil in the 2021 budget, after setting a price of $ 45 a barrel, considering that this price is far from reality.
Committee rapporteur Ahmed Al-Saffar said in a press interview, “Building the budget on the price of a barrel of oil at $ 45 is far from reality, as the last months of last year seemed to rise rapidly in the price of oil according to data expected, including finding vaccines for Corona and a significant drop in oil reserves. American ”.
He added, “Most of the members of the Finance Committee called on the government to adopt a price of $ 50 a barrel, and this is true, but the government refused to do so,” indicating that “if $ 50 was approved, it would provide us with 20 trillion dinars in the budget, and this will definitely reduce the budget deficit significantly and provide job grades And revitalizing the private sector, education and health.
Al-Saffar pointed out that "the committee raised the size of the budget to 129 trillion to support important sectors, based on financial abundance as a result of high oil prices, and perhaps we will work to conduct a supplementary budget after the seventh month if oil prices c
Deputy: The devaluation of the Iraqi currency is very dangerous, and the political blocs agreed to raise the dollar
Iran is secretly shipping huge quantities of oil to China
Six sources in the oil sector and Refinitiv data revealed that Iran had secretly shipped record quantities of crude oil to China, the largest buyer of its oil, in recent months.
The sources pointed out that Indian state refiners have added quantities of Iranian oil to their annual import plans, assuming that the United States will soon ease the sanctions imposed on the OPEC member producer.
US President Joe Biden is seeking to revive talks with Iran about the nuclear deal from which former President Donald Trump withdrew in 2018, despite the fact that harsh economic sanctions are still in effect, and Tehran insists on lifting them before resuming negotiations.
The sources said that the National Iranian Oil Company began communicating with customers in various parts of Asia since Biden took office, to assess the potential demand for its oil. The sources requested anonymity due to the sensitivity of the matter.
Sanctions reduce oil exports
The sanctions have led to a rapid decline in Iranian exports to China, India, Japan, and South Korea since late 2018, and sanctions and production cuts decided by OPEC + producers have led to a reduction in the supply of high-sulfur Middle Eastern oil in Asia, its largest global market. .
Asia imports more than half of its crude oil from the Middle East.
A source at an Indian refining company said: "They addressed us and said that they hope in the near future to resume oil supplies, so we said: 'God willing.'"
The return of Iranian supplies to India, the world's third largest importer of crude, is likely to reduce the demand for immediate shipments, which increased in recent times after Iraq reduced supplies, and Kuwait reduced the deadlines of some contracts.
A government official indicated that India, which has been affected by the recent global rise in crude oil prices, expects Iranian supplies to return to the market within three or four months.
Another official of the refinery company stated that his company had received from the National Iranian Oil Company officials that a formal agreement on the supply of crude oil will be signed after the Iranian elections next June, and the Iranian company has already communicated with other customers in Asia.
"Recently, the National Iranian Oil Company contacted us to ask us about the demand," said a trader at a refining company in East Asia. "It seems Iran is preparing to return to the market."
Another source in the refining sector revealed that the talks are in a "very preliminary" stage, and that the Iranian establishment wants to know whether the company will resume buying Iranian oil.
China continues to import
In contrast to India, China has not completely stopped importing oil from Iran. The Refinitiv Oil Research service reported that Iran shipped about 17.8 million tons (306 thousand barrels per day) of crude to China during the past fourteen months, Shipments hit record levels in January and February.
These quantities were distributed by about 75% of "indirect" imports, and they are described as oil from the Sultanate of Oman, the United Arab Emirates, or Malaysia. Ingkou port in the northeastern province of Liaoning.
As for the remaining 25% of imports, Refinitiv said it was described as official purchases of China's strategic petroleum reserve, as Beijing keeps small purchases despite US sanctions.
"Quantities started to rise from the fourth quarter in 2020, as Shandong was the top recipient of crude, which indicates that the primary consumer has independent refineries," said Emma Lee, a crude oil flows analyst at Refinitiv.
Usually, tankers carrying Iranian oil turn off their locators upon loading to avoid detection, and then it becomes possible to track them again by satellites near ports in the Sultanate of Oman, the UAE, and Iraq.
Lee said that some tankers transfer part of their cargo to other ships near Singapore and Malaysia before sailing to China.
Reuters was unable to identify the ultimate buyers of these shipments.
Without commenting directly on the oil deals, the spokesperson's office for the Chinese Foreign Ministry said: "Iran is a friendly country to China, and the two countries have regular contacts and cooperation. Cooperation between China and Iran within the framework of international laws is correct, legitimate, and deserves respect and protection."
The National Iranian Oil Company declined to comment, while an oil ministry official said, "When the unjust US sanctions are lifted, Iran will be able to sell its oil to any country, and I assure you that many contracts will be signed."
The "Petrologystics" tanker tracking company in Geneva said that the volume of Iranian oil loads in January exceeded 600 thousand barrels per day for the first time since May 2019, in an indication that the end of Donald Trump's term may change the behavior of buyers.
Data from Refinitiv and Chinese customs showed that indirect shipments that arrived in February, including those awaiting unloading at Chinese ports, amounted to nearly 850,000 barrels per day, surpassing the record level recorded today in April 2019, which is 790,000 barrels. in a day.
On Sunday, Chinese customs data showed that crude oil imports rose at an annual rate of 4% in the first two months of this year. China Customs will publish details of imports from each country this month.
An independent Chinese trader familiar with some of the deals said: “Iranian crude began to enter Shandong from late 2019 ... starting with some refiners that had no cash and used to refine the oil first before paying for the shipment.”
The trader explained that most of these deals were settled in the Chinese currency, or the euro, to circumvent the US sanctions.
Traders believe that the record imports have affected the prices of competitive medium and heavy materials from other producers in the Middle East.
Another source said: "Iran has surfaced again, although it does not seem that the sanctions will be lifted soon."
The US State Department formally made an offer to negotiate with Iran
link
The US State Department announced, on Monday, that it had formally submitted a negotiating offer with Iran within the framework of the 5 + 1 group.
The US State Department said: We offered to negotiate with Iran within the framework of the 5 + 1 group, in accordance with the European plan, and we hope for a positive response.
On Sunday, March 7, 2021, Iranian President Hassan Rouhani stated that the only party that paid the price for preserving the nuclear agreement is Iran.
The Iranian president said that the only party that paid the price for preserving the nuclear deal was Iran, according to the Iranian IRNA agency.
Rouhani stressed the difficulty of continuing in this way, and all parties to the nuclear agreement must abide by Security Council Resolution 2231.
Rouhani announced his country’s readiness to work with international organizations to settle the region’s crises, believing that America had failed to impose the illegal embargo policy and to exert maximum pressure on the Iranian people.
Iran has so far refused to participate in an EU-mediated meeting between major powers and the United States on reviving the 2015 nuclear deal.
European sources said last week that Tehran had given positive signals about starting informal talks, after European powers canceled plans to criticize Tehran at the International Atomic Energy Agency.
Biden is adding seven officials to his Middle East team led by McGurk
A Foreign Policy magazine report revealed that US President Joe Biden has appointed seven new officials to the Middle East team of the National Security Council since taking office.
"The new officials, including some who served under McGurk's leadership in his last position," stated the report, translated by the agency, in some of the most difficult crises around the world, and at a time when the Biden administration is looking to shift Washington's focus to the era of so-called competition. Great Powers with Beijing after nearly two decades of involvement in the Middle East. But it is likely that the Middle East will continue to wear out US policy, especially as the Biden team seeks to bring Iran back to the new nuclear negotiating table and tries to mediate an end to the conflict in Yemen .
He added, “The list of new officials includes Sam Parker as director of Iranian affairs , Zahra Bell as director of Iraq and Syria, and Max Martin in Lebanon and Jordan, in addition to Josh Harris, the official at the State Department who served as deputy chief of mission at the United States embassy in Libya, who will join The National Security Council to deal with North African issues.
"The list also included Julie Sawyer, former assistant to Obama's special envoy for negotiations between the Zionist entity and the Palestinians, where she will assume the position of the Palestinian Zionist director in the National Security Council, and Evinia Sideris, a professional foreign service officer, will assume the position of director of the Arabian Peninsula, and K. Evans is the new director of the National Security Council for political and military affairs in Yemen .
And he continued, “Park and Bill had served under McGurk’s leadership during his time as a special presidential envoy for the international coalition under Obama and Trump, and Parker, a government employee who previously worked as a director of the National Security Council for Syria and Iraq during the Obama era, and Bill, a foreign service employee. Professional, they speak Arabic fluently and have worked in the Middle East for years. ”
The report pointed out that “Biden assembled a team of foreign policy veterans as he chose Linda Thomas Greenfield as the US ambassador to the United Nations, as Greenfield is working to provide its offices in New York and Washington with a group of professional and political foreign policy workers with extensive experience in United Nations affairs.
This is the regular WOTS report below here:
The price of the dollar against the Iraqi dinar
Exchange offices prices:
The sale price of the dollar is 146,000
The purchase price of the dollar 145,000
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD |  1434.3000 |  1484.6000 | 1456.8000 | 1456.5000 | 1456.5000 | -0.1000 | 06:39 |
| USD/VND | 22707.1900 | 23377.9100 | 23004.1100 | 22964.4700 | 22995.5000 | -23.8600 | 14:00 |
| USD/CNY |  6.5283 | 6.5303 | 6.5298 | 6.4929 | 6.4958 | 0.0324 | 05:13 |
| USD/KWD | 0.3024 | 0.3034 | 0.3027 | 0.3026 | 0.3027 | -0.0002 | 05:13 |
| GBP/USD | 1.3837 | 1.3838 | 1.3864 | 1.3800 | 1.3825 | 0.0006 | 05:13 |
| USD/IRR | 42000.0000 | 42210.0000 | 42097.5000 | 42097.5000 | 42097.5000 | 0.0000 | 00:00 |
| USD/IDR | 14170.0000 | 14557.0000 | 14298.0000 | 14131.0000 | 14292.0000 | -227.0000 | 05:13 |
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Parliamentary Finance: The adoption of the price of $ 45 a barrel of oil is far from reality
The reporter of the Parliamentary Finance Committee, Ahmed Al-Saffar, considered, Monday, that the adoption of the exchange rate of $ 45 in the budget is far from reality because all the data and expectations of oil experts that the price of oil will range between $ 61 to $ 69 during the year 2021, indicating that it was more appropriate to calculate the price of a barrel Oil, at least $ 50.
Al-Saffar said in a press interview, "Building the budget on the price of a barrel of oil at $ 45 is far from reality, as the last months of last year seemed to rise rapidly according to data expected, including finding vaccines for Corona and a significant drop in the US oil reserve."
He added, “Most of the members of the Finance Committee called on the government to adopt a price of $ 50 a barrel, and this is true, but the government refused to do so,” indicating that “if $ 50 was approved, it would provide us with 20 trillion dinars in the budget, and this will definitely reduce the budget deficit significantly and provide job grades And revitalizing the private sector, education and health.
Al-Saffar pointed out that "the committee raised the size of the budget to 129 trillion to support important sectors, based on financial abundance as a result of high oil prices, and perhaps we will work to conduct a supplementary budget after the seventh month if oil prices continue at this level."
Oil prices exceed $ 71
Oil prices jumped, today, Monday, to reach the highest level in more than a year, after a stronger than expected job report in the United States and OPEC and its allies' decision not to increase supplies in April, as it coincides with the attacks on Saudi oil facilities.
The price of Brent crude futures exceeded the level of $ 71 per barrel, for the first time since January 8, 2020.
Trading data indicated that May Brent oil mixtures rose by 2.32 percent to reach $ 71.15 a barrel.
West Texas Intermediate crude oil in April futures rose 2.57 percent to $ 67.81 a barrel.
Earlier, trading data showed that the price of Brent crude rose to surpass the level of $ 70 a barrel.
Deputy: The devaluation of the Iraqi currency is very dangerous, and the political blocs agreed to raise the dollar
CBI Update: Just a note:
including $0. CASH
ISX Update: Shares Traded: not updated for todayValue Traded: not updated for today
3-7-2021 Newshound Guru Adam Montana Things are still cruising along nicely. In addition to everything else I could share, I decided to just pick one topic... OIL. The HCL, or "Hydro Carbon Law", is a key element in Iraq's eventual ReValuation of their currency exchange rate. In simple terms... when they finalize the agreement on how the profits will be shared, via the HCL, we are either past the RV date or it's a different kind of "soon", like immediately or tomorrow. OIL was at $61.53 when I did my last update. I stated then that we only really need OIL to be in the $40+ range for the logistics of the RV to work, so $61.53 was very encouraging. Do you know where OIL is right now? $66.26... BOOM!!!...GO RRRVVV!!!
3-7-2021 Newshound Guru Jeff Article: "The British Ambassador: Iraq will witness a great openness to the world". Why is he saying this? He knows that Iraq is on the cusp of going international again. That's why the pope arrived on Friday...He's telling you Iraq is preparing to open up to the world again. This type of information did not start coming forward until the [2/20 Saleh] article by the #2 man of the Central Bank. Saleh told you Iraq was on the brink of economic recovery...
3-7-2021 Intel Guru Mike Cottrell [via PDK] [Is there anything we are still waiting for or do you think it could be “any moment”.] I think it could be any moment…I think sometime this month they have to kick it off. We are very close.
3-7-2021 Newshound Guru Jeff Article: "Mazhar Saleh: Iraq is on the brink of economic recovery" [2-20-2021] ...this is the new pattern of articles...putting an emphasis on changing Iraq's exchange rate. This new pattern...started roughly in the last two weeks...after this article...Saleh is the number 2 guy at the Central Bank...when he or the CBI talks that's when you listen...since he brought this to you...that's when you have seen all the new articles talking about adjusting Iraq's exchange rate going forward. It all started after this article almost exactly 30 days before March 21st. Patterns are very important. You want to pay attention...
3-7-2021 Newshound/Intel Guru Mnt. Goat Article: "THE LAST PAGES OF SUBJUGATING THE STATE OF IRAQ...SUBJUGATING THE IRAQI DINAR" Quote: "...PREPARATION FOR THE NEXT STAGE, WHICH IS THE NEW GLOBAL ECONOMIC SYSTEM." So here it is said so let there be no doubt the purpose of what the CBI has done to temporarily devalue the dinar to 1450. Getting these notes out of circulation is needed in “preparation for the next state, which is the new global economic system”. In other words global IQD currency, the reinstatement. Do you need anymore proof?
3-7-2021 Newshound Guru Pimpy People are asking me about the rate... Nobody knows...It's all speculation. I know people like to equivocal what happened over there in Kuwait with Iraq...There's huge differences...One is the length of time in-between when Kuwait devalued their currency to when it was revalued...Also the amount of Iraqi dinar...out in circulation is way bigger than what was going on over there in Kuwait. Having said that, that doesn't mean it's not going to happen. I'm just saying, people go around saying this is the same exact thing. I was one of those people. There were a lot of similarities between them but then when you start taking other factors into consideration that all play a part in what the dinar rate is going to be...
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