Thread: Iraq/Dinar News. 09/05 to 01/14/07

Look at what I found in a news artical

"Key to boosting Iraq's oil production is investment by foreign energy companies in the country's underdeveloped and undiscovered oil fields.

Iraq says it needs up to $20 billion in investment to increase its oil production to 6 million barrels a day."

That would be and investment to increase oil production. Would this be something that the FIL talked about?

The FIL and the hydrocarbon law, I believe need to be in place for that kind of investment. Where is the article from and when was it written?

Originally Posted by zwhatimsaying

Look at what I found in a news artical

"Key to boosting Iraq's oil production is investment by foreign energy companies in the country's underdeveloped and undiscovered oil fields.

Iraq says it needs up to $20 billion in investment to increase its oil production to 6 million barrels a day."

That would be and investment to increase oil production. Would this be something that the FIL talked about?

Good news, but old stuff!

Originally Posted by goldraker

The USA first needs to look in the mirror!!!!!!!!!!!!!!

I see your still bashing the US Goldraker.
I knew there was a reason I dislike your posts so much.
Wherever you live. Please stay there.

Originally Posted by MC Dig

The FIL and the hydrocarbon law, I believe need to be in place for that kind of investment. Where is the article from and when was it written?

Tradearabia.com

today Sep 30, 2006

Just saw a rolling ticker thread on Fox news. Kurdistan is trying the democratic process to resolve solutions with Turkey. They will not use arms unless Turkey does....they have a cease fire but Turkey has never really honored it in the past...

Didn't I read somewhere that Iran would not go after Kurdistan unless Turkey struck first. Then Iran would support Turkey. Wasn't there an article saying intelligence saw Iran positioning themselves for such a move

Cease fire is good...hope it last long enough for the thing to get done

Don't know about the fighting ... nothing said but cease fire right now...Don't want us and Iran to fight a de facto war with Turkey and Iraq

Originally Posted by ronbo

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I just sent you a pm

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I responded t your PM Good one - I can relate.

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Originally Posted by zwhatimsaying

Look at what I found in a news artical

"Key to boosting Iraq's oil production is investment by foreign energy companies in the country's underdeveloped and undiscovered oil fields.

Iraq says it needs up to $20 billion in investment to increase its oil production to 6 million barrels a day."

That would be and investment to increase oil production. Would this be something that the FIL talked about?

zwhatimsaying, here are the articles referring to the money for oil production:

Gulfnews: Oil majors manoeuvre for prime position in Iraq

http://www.iraqdirectory.com/DisplayNews.aspx?id=1958

Hope two is enough reference for you; it would be great when they get to at least 50% production, should be at least $2.00 per IQD/NID by then!

RV Time soon!

*Iraq - Succeeding in Ramadi*
Saturday, September 30, 2006

MacFarland said he is encouraged by the attitude of the people of the city. The people who were fence-sitters in the battle between the Iraqi government and al Qaeda in Iraq are stepping forward and cooperating with Iraqi security forces against al Qaeda, he said.

“I think al Qaeda has been pushed up against the ropes by this, and now they're finding themselves trapped between the coalition and (Iraqi security forces) on the one side and the people on the other,” the colonel said. “Now it's the al Qaeda forces that need to be worried about living in those neighborhoods. They stick out like a sore thumb. Everybody knows who the terrorists are.”

Local sheikhs are cooperating with the Iraqi government. Tribal leaders are steering new recruits to the police, and they are becoming more effective. MacFarland said that Iraqi police in Ramadi today intercepted insurgents driving a car loaded with rocket-propelled grenades. “The insurgents tried to run away,” he said. “(The police) chased them, and they killed or captured the entire group.”

Who is to control Kurdish oil, and protect it from sabotage?
[16:39 , 30 Sep 2006]
KURDS, IRAQ (The Economist)

PNA-IRAQ'S Kurds like to describe themselves as the orphans of history and geography. In the carve-up of the Ottoman empire after the first world war, they found themselves welded to a state in which they never felt at ease, stuck in the toughest of neighbourhoods. Nor has geology been the blessing that it might have been.

Rather than benefit from the oil that swills under their northern homeland, Kurds argue that they have often been its victim.

Under Baathist rule, the Kurds were frozen out of jobs in the oil industry, while thousands of families were forcibly removed from their homes and land round the oil-rich city of Kirkuk. This lingering sense of injustice at the hands of the central government formed the backdrop to an extraordinary briefing last week about oil prospects in the region, given by Kurdish officials to a group of international energy executives in London.

Iraq is thought to have plenty of undiscovered oil but the insurgency and legal uncertainty have made companies wary of looking for it. Now, proudly waving a new petroleum law that is set to pass through the Kurdish regional parliament in Erbil in October, Ashti Hawrami, the Kurds' new minister for natural resources, told the gathering that the Kurdish Regional Government (KRG) had the authority to exploit any new oil and gas reserves discovered in the self-rule zone.


It was the Kurds' intention, he said, to manage jointly with the central government any existing energy resources in areas that either fall within the KRG's current boundaries, or will do so should the Kurds succeed in extending their proposed federal region in a referendum due at the end of 2007.

Although northern Iraq's oil reserves are not as big as the giant southern fields round Basra, Mr Hawrami said the area had “good potential”, estimating reserves at around 45 billion barrels of oil and 100 trillion cubic feet of natural gas. He also held out the prospect of a second export pipeline from Kirkuk to the Turkish port of Ceyhan, which would run through Kurdish-controlled territory, thus giving it greater protection from sabotage attacks.

Mr Hawrami assured his audience that his plans were in keeping with Iraq's new federal constitution and would be legally enforceable. Until now, only small, independent explorers have set up in the Kurdistan region. The KRG has signed production-sharing contracts with a Norwegian oil company, DNO, which is already drilling for oil near Zakho, and with Turkey's PetOil and Genel Enerji, which is exploring near Taqtaq. Memoranda of understanding have been signed with other independents, and Mr Hawrami said that the KRG was set to sign further production-sharing contracts in October, and was also talking to several oil majors. Revenues would be shared according to the law, he said, stressing his co-operation with the central authorities.

Not so fast. No sooner had Mr Hawrami spoken, than his counterpart in Baghdad, the federal oil minister, Hussein Shahristani, appeared to pull the rug from under his feet, telling the state-owned al-Sabaah newspaper: “The ministry isn't committed to oil investment contracts signed in the past...by officials of the government of the Kurdistan region.”

Mr Shahristani, who has the support of the ruling Shia alliance, insists that contracts signed without the approval of the central government should be nullified and that all the country's oil exploration, production and export contracts should be placed in the hands of his ministry in Baghdad. Any new energy contracts should wait until Iraq produces a new hydrocarbon law, possibly sometime in the new year. Oil officials in Baghdad have hinted at blacklisting companies that currently work in Kurdistan.

This tussle between Baghdad and the Kurds over control of Iraq's northern energy resources is also alarming the country's Sunni Arab minority. Many Sunni leaders believe that the decentralisation of Iraq's oil, as envisaged in the constitution, is the latest example of a conspiracy to break Iraq into three parts: a Kurdish north and a Shia south, both of them rich in oil, and a revenue-starved Sunni centre.

This week their simmering concerns boiled over on the floor of parliament as members of the largest Sunni block, the Sunni Accordance Front, denounced some of their leaders as traitors for agreeing to a deal over a Shia-proposed bill to put flesh on the federalism enshrined in the constitution. The deal, which allowed the federalism bill to be read in parliament, also allows for a committee to consider amending the constitution.

Sunni politicians are banking on amendments that will dilute the constitution's federal provisions. They have all-but accepted the Kurds' autonomy—though not their attempts to develop their natural resources—but are vehemently opposed to the creation of a powerful Shiastan in the south. Yet any constitutional amendment must be approved in a referendum of all Iraqis. And it is unknown whether a sufficient majority of Shias and Kurds will say “yes” to a dilution of federalism.