Clare: Parliamentary clarification: What is the purpose of spreading rumors about employees’ salaries not being secured?
5/3/2025 – Baghdad
Head of the Irada bloc, MP Hanan al-Fatlawi, confirmed on Saturday that attempts to spread rumors about unpaid salaries constitute early election propaganda. Al-Fatlawi tweeted on the “X” platform:
“Slogan merchants, look for other merchandise. Attempts to spread rumors about the failure to secure salaries represent early election propaganda that is not based on reality.
The government is committed to paying salaries and has not announced a deficit in this regard.”
She continued: “The continuation of reconstruction projects and strengthening Iraq’s regional position are tangible steps to the credit of the government, and they disturb those who have grown accustomed to trading in slogans instead of offering solutions.” LINK
Clare: This week, Al-Sudani will head to Kirkuk to inaugurate the largest oil refinery
5/3/2025
An informed source in Kirkuk Governorate revealed on Saturday that Iraqi Prime Minister Mohammed Shia al-Sudani intends to visit the governorate this week to lay the foundation stone for the largest investment oil refinery in Kirkuk and inaugurate several service and development projects.
The source told Shafaq News Agency, “The visit is expected to take place over the next two days, starting Monday, and will include the inauguration of the Kirkuk Investment Refinery Project, the largest of its kind in the province, in addition to the opening of other projects in various sectors.”
He added, “During his visit, the Prime Minister will meet with officials from the North Oil Company to review the progress of work and follow up on the details of the joint contract between the company and its British counterpart, BP, as well as discuss ways to develop the province’s energy infrastructure.”
This visit comes as part of the federal government’s efforts to support investment in the energy sector and enhance economic development in oil-producing provinces.
Two Kirkuk officials revealed new details on Friday (January 31, 2025) regarding the province’s new refinery project, confirming that the contract is worth $2 billion and that its equipment is being supplied by the American company UOP .
Kirkuk Governor’s Advisor for Investment Affairs, Ali Hammadi, told Shafaq News Agency, “The signing of the Kirkuk Governorate administration, represented by Governor Rebwar Taha Mustafa, of the contract to implement the construction of the Kirkuk oil refinery will contribute significantly to meeting the governorate’s needs for gasoline and fuel.”
He added, “The project contract is valued at $2 billion, with an implementation period of two to three years. The project will also provide approximately 3,000 job opportunities for Kirkuk residents.” He indicated that “the coming period will witness the project’s entry into force after the completion of the necessary procedures for handing over the project land to the company.”
The project is part of the Iraqi Ministry of Oil’s plans and programs to meet the country’s domestic demand for petroleum products and export the surplus through investment refinery projects.
The refinery is scheduled to produce 70,000 barrels per day of high-quality petroleum derivatives, according to government statements.
Earlier, the director of Rania Energy and Oil Company, Jalal Haj Ahmed, told Shafaq News Agency, “The company’s signing of the contract with the Kirkuk administration is an important step, as the company will work to establish the refinery according to international specifications and adhere to the deadlines for its operation. The refinery will be equipped by the large American company UOP .” He indicated that “the equipment and supplies will be the first of their kind and environmentally friendly.”
He added, “Once implemented, the project will provide approximately 3,000 job opportunities for Kirkuk residents across all sectors.”
Kirkuk Governor Rebwar Taha Mustafa also announced last Thursday that Prime Minister Mohammed Shia al-Sudani and the federal Ministry of Oil had approved the construction of the province’s first oil refinery.
On Tuesday, October 17, 2017, the Iraqi Ministry of Oil announced its intention to build a new oil refinery in Kirkuk and boost oil production from existing fields. LINK
************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man Iraq is going to go to a global level and I think we all realize they haven’t done it at 1310 to 1 US dollar. They’re going to have a real effective exchange rate that has freedom of capital movement across borders…Iraq is ready to go. They’re just now openly talking about it…I hope you guys are excited as I am.
Frank26 [Iraq boots-on-the-ground report] FIREFLY:
They told us year ago that the black market would have to be killed first and now they keep saying the remaining 5% of the cash payment from imports will be handled by our banks not out in the black market…Thus this will put an end to the black market.
Silver’s Move Will Shock Investors | Michael Oliver
Liberty and Finance: 5-3-2025
Michael Oliver emphasizes that silver is poised for a major breakout after a year of sideways price action and a recent sharp correction.
He describes silver as the “wild child” of the precious metals market, noting its volatility but also its explosive recovery potential. Oliver highlights a strong momentum structure that suggests silver’s pullback is over and a surge is imminent.
He also points to the silver-to-gold ratio being historically low, signaling silver is extremely undervalued relative to gold. Overall, he believes silver is set to outperform and could deliver dramatic gains in the coming months.
INTERVIEW TIMELINE:
0:00 Intro
1:30 Gold & silver pullback
6:00 Stock market
13:50 Gold’s 12-18 month review
16:00 Gold/silver ratio
25:30 Bank stocks
28:00 Momentum Structural Analysis
29:11 Last thoughts
https://www.youtube-nocookie.com/embed/L7zig-8_HxA?feature=oembed&enablejsapi=1
