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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Western Report: Iraq buys gas at twice the market price

    Rocky
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    • Post n°1

    Western Report: Iraq buys gas at twice the market price Empty Western Report: Iraq buys gas at twice the market price

    Post by Rocky Tue 08 Jan 2019, 4:44 pm

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    Western Report: Iraq buys gas at twice the market price

     Print [email=?subject=%D8%AA%D9%82%D8%B1%D9%8A%D8%B1%20%D8%BA%D8%B1%D8%A8%D9%8A:%20%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%20%D9%8A%D8%B4%D8%AA%D8%B1%D9%8A%20%D8%A7%D9%84%D8%BA%D8%A7%D8%B2%20%D8%A8%D8%B6%D8%B9%D9%81%20%D8%B3%D8%B9%D8%B1%20%D8%A7%D9%84%D8%B3%D9%88%D9%82&body=%D8%AA%D9%82%D8%B1%D9%8A%D8%B1%20%D8%BA%D8%B1%D8%A8%D9%8A:%20%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%20%D9%8A%D8%B4%D8%AA%D8%B1%D9%8A%20%D8%A7%D9%84%D8%BA%D8%A7%D8%B2%20%D8%A8%D8%B6%D8%B9%D9%81%20%D8%B3%D8%B9%D8%B1%20%D8%A7%D9%84%D8%B3%D9%88%D9%82%20http://alnoornews.net/archives/198608/%d8%aa%d9%82%d8%b1%d9%8a%d8%b1-%d8%ba%d8%b1%d8%a8%d9%8a-%d8%a7%d9%84%d8%b9%d8%b1%d8%a7%d9%82-%d9%8a%d8%b4%d8%aa%d8%b1%d9%8a-%d8%a7%d9%84%d8%ba%d8%a7%d8%b2-%d8%a8%d8%b6%d8%b9%d9%81-%d8%b3%d8%b9%d8%b1/] E-mail[/email]
    The Washington Institute for Near East Policy issued a report on the nature of Iraq's dealings with Iran in the energy file and the quantities it imports from electricity and natural gas, while revealing paradoxes about the prices at which it buys gas.
    "The transfer of energy between Iran and Iraq is a potential source of much-needed hard currency for Iran," said Michael Knights, a researcher with two Center researchers.
    Payments to Iranian electricity.
    Iraq imports between 500 megawatts of electricity from Iran in the winter and 1200 MW in the summer at a cost of about $ 1.2 billion per year. Among the terms of the US exemption, Iraq must pay in exchange for dinars, not US dollars.


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    On the purchase of Iranian gas, the report of the "BP" of the "Global Energy Statistical Review" for 2018 that the gas exports from Iran to Iraq amounted to 154 million cubic feet per day, allowing Baghdad to generate at least 1000 MW Of electricity, with plans to increase it to 4000 MW.
    He added that the United States encourages Baghdad to reduce its dependence on Iranian gas and electricity by harnessing its abundant and unexploited energy. Iraq currently wastes about $ 2.5 billion of natural gas a year as a result of its burning, or 1.55 billion cubic feet per day (ten times the amount imported from Iran).
    US officials have warned Iraq that the next extension of the exemption deadline will require him to present a clear plan aimed at achieving energy independence and showing concrete steps towards implementation.
    These options have reduced the price of expensive imports from Iran. According to BP, Iraq buys Iranian gas at $ 11.23 per thousand cubic feet, compared to $ 5.42 paid by Germany for gas far from Russia, or $ 6.49 paid by Kuwait for liquefied natural gas, or $ 7.82 by Japan Compared to LNG.
    Policy recommendations
    In the next 90 days,  the US government first needs an inter-agency political debate to ensure that the National Security Council clearly identifies what are possible proposals for Iraq within a 90-day time frame.
    Similarly, money and sanctions experts should assess the risk of transferring Iraqi payments to Iran and the related ability of Iraqi financial institutions and their monitors to comply with the terms of the exemption.
    Iraq must provide a priority and sequential roadmap to increase gas retention and strengthen the electricity sector by the summer of 2019. (For example, the latter effort could include a gradual collection of electricity entitlements with the assistance of the World Bank and reducing energy leakage by renewing distribution networks).

    MOUs : The prospect of Iraq signing large deals with energy companies during the first 45-day exemption period may have been unrealistic. Such deals are usually of great value and require the approval of the Iraqi Council of Ministers, which was only partially formed on 25 October - a week before the United States began its 45-day deadline.
    Energy Charter between Iraq's Neighboring Countries  The United States, Germany and other parties should work to bring Saudi Arabia, Kuwait and Jordan together on the sidelines of the Middle East Strategic Alliance to be held in Amman on January 9 to discuss electricity exports to Iraq.
    MONITORING US DOLLARS:   The US and Iraqi authorities should continue to share strongly information about the worrisome trends in US dollar demand in Iraq, suspicious cross-border transfers, and questionable Iraqi exchange offices.
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    While Iraq and Iran seek to expand bilateral trade from $ 12 billion to $ 20 billion, Washington is likely to closely monitor such activity in general. It also has an in-depth understanding of dollar-based transactions that rely on Iraqi reserves in the US Federal Reserve.
    Exposing bad actors:  The CBI should identify and prohibit exchange offices and front companies seeking to access the US dollar on behalf of Iran through Iraqi currency auctions. In this regard, the Bank has blacklisted more than 200 exchange offices suspected of involvement in illegal financial activities since 2015, some of which have been jointly listed with the United States.


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