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Iraqi Dinar 123 News:- In the recent meeting with Iranian President, the prime minister of Iraq Noor Al Maliki discussed about the gas contract with Iran. The Iranian President ensured Noor Al Maliki the completion of the project as soon as possible.

The Kirkuk Governor Najmiddin Karim said that oil and gas companies operating in Kirkuk are safe and sound. The police and other law enforcement agencies are protecting foreign companies and its officials in the country and hopefully there is no any problem with the security point of view.

A statement from the Office of the Deputy Prime Minister for Energy Hussain al-Shahristani, today, received by all of Iraq [where], copy it, that "al-Shahristani, received in his office this afternoon Kuwaiti ambassador to Baghdad, Ghassan Al-Zawawi, the two sides discussed ways to strengthen political and economic relations between the two countries brothers.

The oil conflict between Iraq and Kurdistan has reached at a serious stage where both of the regions have taken stand on their own conditions to resolve this matter. Kurdistan decided to boycott all parliamentary sessions and meetings for discussions and approval of the annual budget of Iraq, until new rules and regulations for oil and gas.

Economy of Iraq depends on the oil productions, based on the oil production, economic progress comes on the parameters. Iraq needs a constant development in oil and gas sector in order to strengthen its currency and economic conditions. For short term, economic progress of Iraq is expected to remain strong in the short term.

Iraqi Dinar 123 News :- The oil and gas ministry of Iraq announced the rise in the exports of crude oil from southern ports of Iraq this month. This is because the security situation of Iraq is looking better. The Iraq security force with the help of US air strikes is moving forward to regain the occupied areas from ISIS.

Most of the Asian countries have started their trade in Gold instead of other currencies since Iraq started international trade in gold. Some sources also say that Iraq is not accepting US dollars or any other currency for trade of oil and gas in the international market. Iraq is accepting gold for international trade as a currency. Actually Iraq is moving towards barter in the international trade.