Thread: Iraq/Dinar News. (before Jan.20,2007)

marsadiraq.com

New Iraqi law ending state control over the oil sector
20 / 01 / 2007
(CNN) --Baghdad, Iraq (CNN) --

The spokesman for the Iraqi government to Iraqi officials concluded Thursday to discuss the new draft Gaon oil in the country, which will be submitted to the National Assembly at a later time next week, for discussion and approval was finalized.

The Iraqi government approval of this law in order to reduce political pressure against Prime Minister Nuri al-Maliki of the United States of America, where many experts believe that this law comes to political considerations, rather than economic or vital.

In the case of adoption of this law, known as the "Law of Hydrocarbons," by the parliament, it would be the first law of Iraq's oil, since about 35 years ago, when the government decided to nationalize the Iraqi oil sector.

A new law to terminate the State's control of this sector, which would allow for the first time to put contracts on foreign oil companies.

He said the Skinner, spokesman for the Iraqi government, told reporters in Baghdad on Thursday : "The draft law will be submitted to the Cabinet this week, where the government will discuss, and make any necessary modifications, and then fly after that to Parliament."

He Skinner believed that the parliament will be discussions on the new draft law on oil and approval before the end of its current unusual.

He was scheduled to end the Iraqi National Assembly end of the year 2006 its past, they have resorted to holding special meetings, with the aim of the 2007 budget, where the absence of a large number of members to the non-approval during its regular session.

The special committee, composed of a number of Iraqi officials, has completed a final version of the bill, which will determine the rules that will be on the basis of the division of oil revenues, as well as working to increase production of Iraqi oil.

He said Assem Jihad, spokesman for the Iraqi Oil Ministry, said that the new law provides for the "formation of a federal commission headed by the prime minister, to oversee all contracts, enter into its review of existing agreements signed in the era of former President Saddam Hussein, or the agreements signed by the Kurdish regional government."

It is expected, according to the new draft law, the membership of the Committee of Ministers of oil, finance and planning, in addition to a representative of the Iraqi Central Bank, and another on the territory of Kurdistan.

The spokesman explained that the project, the government confirms that serious financial resources from oil sales, will be distributed to everyone in the regions and governorates, according to the ratio of population density.

The new law would also, according to the spokesman, activating the National Oil Company, which will be responsible for production and export, which had been disbanded in the 1980s.

He pointed out that the law also allow offering oil contracts for the major global companies, after ascertaining its international standing, to be those companies with the capabilities Atknolojeh, to be able to develop Iraqi oilfields, and the achievement of the highest economic return from

Iraq monitor three billion dollars for the establishment of the category of oil
20 / 01 / 2007

Finance Minister said the Iraqi statement Baqir Jabr counterpart that the Iraqi government allocated three billion dollars in the current budget for the current year for the construction of a new division for refining crude oil and renovate existing refineries to meet the shortfall in securing oil derivatives.

Press sources quoted Rsimh to the Minister of Finance saying that at the same time, the government intends to continue support for the country's oil products, and that it allocated for that seven billion dollars is the value of crude oil, which is pumped from the oil fields to refineries in the country during the current year.

The sources indicated last December that the Iraqi Oil Ministry is negotiating with American companies to build a refinery crude oil capacity of 140 thousand barrels per day, the city of Karbala, which lies at a distance of 110 km south of Baghdad, at a cost of more than $ 2 billion. It quoted sources, undersecretary of the Ministry of Oil Ahmed To urge saying that the Ministry is negotiating with three companies, including American, "Howe Wacker" and the company "Sitank" to build a refinery in the region of Mesopotamia, adding the city of Karbala. To urge and said he would proceed with the construction of the refinery in the first quarter of 2007 and will take three years using modern techniques will provide all types of oil derivatives.

It should be noted that the Iraqi Oil Minister Hussein Shahrastani opened the first refinery in Najaf last October a production capacity of 10 thousand barrels per day. The Najaf refinery is the second of which will be opened since April 2003 after refinery Samawa (Muthanna governorate) last year. And Iraq produces 10 million liters per day of oil derivatives, but are forced to import seven million liters other to meet domestic demand. The production of crude oil is about 2.4 million barrels a day of which 1.5 million barrels

marsadiraq.com

Originally Posted by shotgunsusie

marsadiraq.com

Hey, Susie...great posts. Thanks for the updates!

have'nt we figured out yet that all these "news" releases are as indicative as controlled media news releases?

Originally Posted by shotgunsusie

marsadiraq.com

I do like seeing that halibut on every page.

He guys,

Something happend last night.

I invest in ISX for 1/2 year now and didn't got my update from last trading session.

Well here is the strange thing.

I received a confirmation that it was executed last night.
That's Friday, their holy day! They were working.

Second is for the first time my balance was written with 3 decimals!!

Here is warka email:


Dear Mr. Kiko,

Please read the attached file concerning your stock purchase details that was executed in the previous ISX trading session for further ISX stock purchases you are kindly requested to send us a new stock pick list in order for us to execute in the coming ISX trading session.

Please note that your IQD account balance is: ID 159916.940

For any further inquiries or information please do not hesitate to contact me I’ll be pleased to answer all your requirements providing you with my full assistance and cooperation.

Best regards

How long will it hold!

WWWEEEAAAHHHH!!

Originally Posted by kiko

He guys,

Something happend last night.

I invest in ISX for 1/2 year now and didn't got my update from last trading session.

Well here is the strange thing.

I received a confirmation that it was executed last night.
That's Friday, their holy day! They were working.

Second is for the first time my balance was written with 3 decimals!!

Here is warka email:


Dear Mr. Kiko,

Please read the attached file concerning your stock purchase details that was executed in the previous ISX trading session for further ISX stock purchases you are kindly requested to send us a new stock pick list in order for us to execute in the coming ISX trading session.

Please note that your IQD account balance is: ID 159916.940

For any further inquiries or information please do not hesitate to contact me I’ll be pleased to answer all your requirements providing you with my full assistance and cooperation.

Best regards

How long will it hold!

WWWEEEAAAHHHH!!

Thanks Kiko,

Yes, I heard the same from others, so this is significant especially at this time where information has been minimum, which is always a good sign, so I expect this to be close to happening. All the little signs we have seen gathered all add up to a big thing, what we have all been waiting on.

Good luck to all, Mike

Originally Posted by kiko

He guys,

Something happend last night.

I invest in ISX for 1/2 year now and didn't got my update from last trading session.

Well here is the strange thing.

I received a confirmation that it was executed last night.
That's Friday, their holy day! They were working.

Second is for the first time my balance was written with 3 decimals!!

Here is warka email:


Dear Mr. Kiko,

Please read the attached file concerning your stock purchase details that was executed in the previous ISX trading session for further ISX stock purchases you are kindly requested to send us a new stock pick list in order for us to execute in the coming ISX trading session.

Please note that your IQD account balance is: ID 159916.940

For any further inquiries or information please do not hesitate to contact me I’ll be pleased to answer all your requirements providing you with my full assistance and cooperation.

Best regards

How long will it hold!

WWWEEEAAAHHHH!!

Hey Kiko,

I have been banking with Warka for over a year and that's how all my balances were ever reported, with 3 numbers at the end. They have been extremely responsive over the last couple of weeks though. They are really burning the midnight oil of late also, even responding on their day of worship/rest. Hope this helps. Thanks.

Rm, do you have ANY supporting emails, that demonstrate your account totals anytime in the past year? Not bashing..

If so, you should attach..

Originally Posted by aeara

have'nt we figured out yet that all these "news" releases are as indicative as controlled media news releases?

so are you saying we shouldnt be reading news either?

im not sure how to find any information out if im to ignore rumors and ignore news too. maybe if i sit quietly i can get divine inspiration!!