Thread: Iraq/Dinar News. before Febuary 2nd 2006

Originally Posted by mustang sally

Is this what we are expecting to be vote on this Saturday in Parliament???

I believe Saturday is for the budget to get approved.

In reading your posts, it brings up a question. If the CBI is raking in all the Dinar they can so that they do not have to pay out as much when the RV hits, then wouldn't it make some sense to make incremental jumps at (for arguments sake) .25 US. With the assumption that some would dump their dinar for the quick profit before they make the next jump. All the while continuing to rake in the dinar to stop its circulation until they get the RV up to 1 to 1. Granted, some would sell off portions and they buy even more dinar, but the profit margin would not be so high on that.

Just a thought
JD

Looks like neno is going to have more work to do, moving or deleting posts!

Originally Posted by scottpaye

Mark my words.

As if neno did not have enough to do today..... Magical button time.

Gloribee

Originally Posted by scottpaye

Mark my words.

If you feel this way about this then you sir have no business's being involved in this investment, and I thank God that we have Neno on here to keep this type of crap off of here. Please keep this type of garbage out of here.

Originally Posted by scottpaye

Quote removed. -neno

I hesitate in posting this, because it is the news thread, but I couldn't let this go. Scottpaye, I believe you just stepped in your own, buddy! You should probably just go away quietly.

MENAFN - Middle East North Africa . Financial Network

could someone please have this translated.

thanks

Originally Posted by buddyboy

MENAFN - Middle East North Africa . Financial Network

could someone please have this translated.

thanks

MENAFN) The Iraqi Minister of Oil that Iraqi oil will be divided equally to the Iraqis, since the final draft of the oil law had been completed and was put on the Energy Commission to the Council of Ministers, and were unanimously approved by the Committee with some amendments in it. It is noteworthy that some amendments will also take place when the draft to the Council of Ministers for approval, which will be submitted to the House of Representatives for the passage of legislation after the unanimous. The minister also noted that the resources derived from oil sales will go to fund one centralized and distributed to all Iraqis in the provinces, prefectures and the proportion of the population. On the other hand, the law will restore activity to the National Oil Company, which will be responsible for the development of the fields to increase production and exports, where would the oil industry, however, the basic competencies Iraqi keen to provide expertise for the Iraqi people. It should be noted that the law proved essential foundations, and also develop policies and plans to develop the oil all regions of Iraq in a balanced way.

Originally Posted by AlwaysDreaming

MENAFN) The Iraqi Minister of Oil that Iraqi oil will be divided equally to the Iraqis, since the final draft of the oil law had been completed and was put on the Energy Commission to the Council of Ministers, and were unanimously approved by the Committee with some amendments in it. It is noteworthy that some amendments will also take place when the draft to the Council of Ministers for approval, which will be submitted to the House of Representatives for the passage of legislation after the unanimous. The minister also noted that the resources derived from oil sales will go to fund one centralized and distributed to all Iraqis in the provinces, prefectures and the proportion of the population. On the other hand, the law will restore activity to the National Oil Company, which will be responsible for the development of the fields to increase production and exports, where would the oil industry, however, the basic competencies Iraqi keen to provide expertise for the Iraqi people. It should be noted that the law proved essential foundations, and also develop policies and plans to develop the oil all regions of Iraq in a balanced way.

Is there any significance in this statement or did was this already common knowledge.

Qubad Talabany, KRG US Representative, gives testimony to the Senate Foreign Relations Committee

KRG.org , 30 Jan 2007
KRG US Representative says sound oil policy promotes stability
Washington DC, US (KRG.org) - Qubad Talabany, the Kurdistan Regional Government (KRG) Representative to the United States, last Thursday testified before the US Senate Foreign Relations Committee on the political strategy for Iraq. He said that a sound petroleum policy was necessary and could help to stabilise Iraq. He also stressed the need to follow the already agreed timetable for resolving the status of Kirkuk.

Talabany said that any successful strategy in Iraq “must come from within Iraq and not Washington.” Imposing a policy that ignores the realities on the ground would inevitably fail, he said.

Talabany testifies at Senate Foreign Relations Committee
His testimony was part of an ongoing series called for by Joseph Biden, Chairman of the Senate Foreign Relations Committee and a Democratic Presidential candidate, to gain a better understanding of the problems in Iraq and possible strategies to stabilise it. Senator Biden visited the Kurdistan Region in 2003 before the liberation of Iraq. Others that testified in recent weeks included US Secretary of State Condoleezza Rice and newly appointed commander of US forces in Iraq General David Patraeus.

Senate Foreign Relations Committee Chairman Joseph Biden shows Iraq's constitution to the panelists reaffirming that Iraqis themselves have decided to federalise the country.

The hearing also received testimony from Dr Laith Kubba, Senior Director for the Middle East and North Africa at the National Endowment for Democracy, Dr. Toby Dodge, Consulting Senior Fellow for the Middle East at the UK-based International Institute for Strategic Studies, and Rend al-Rahim, Executive Director of the Iraq Foundation.

Agreement on oil depends on respect for regional rights
Talabany explained that a sound natural resources policy presents an opportunity to bring peace and stability to Iraq. He discussed the significant progress that has been made in trying to establish a cooperative agreement on oil: a draft oil law prepared in December 2006 that includes the creation of an intergovernmental entity, the “Federal Council for Oil and Gas,” with both federal and regional membership. He informed the committee that a revenue sharing law would soon be prepared as well.

Talabany stressed that these two laws currently contain “major concessions” by the KRG. Although the Iraqi constitution gives the KRG the sole authority to develop new fields in the Kurdistan Region and receive revenue from those fields, it has agreed to share those revenues with the rest of Iraq.
He made it clear, however, that this cooperative agreement “will depend on it respecting the right of regions to make the final decision on petroleum contracting in the region, while at the same time respecting the right of regions to receive their proportionate share of the national revenue.” These rights cannot be violated, warned Talabany.

Keep to Kirkuk referendum timetable to minimise crisis
On the issue of Kirkuk, Talabany said that it would be wise for the US to allow the situation to progress naturally and according to a timetable that Iraq’s leaders agreed upon under article 140 of Iraq’s constitution. He added that delaying the proposed referendum, in which voters will decide whether Kirkuk will be administered by the KRG or by the federal government, will only increase the risk of the situation erupting out of control.

Talabany also expressed some of the grievances of people in the Kurdistan Region. Many Kurds feel that the Kurdish good will and positive engagement in the new Iraq has yielded limited gains for the people of the Region. He asked for assurances that, in any event, the US guarantee the protection of the Kurdistan Region: “It is in the United States’ strategic interest and should be your moral obligation”.
The transcript of the hearing will be published on this page of the US Senate Committee on Foreign Relations website.

For more information please contact US(at)krg.org