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

Hi abbey,

I heard 7-10 days for the FIL to be implemented. Officially they've said within a month.......

As for reasons not to r/v, absolutely none! They keep the value as it is and inflation will continue to rise, their people will have no buying power for importing goods etc and in time there will be more and more fighting due to people trying to survive that it would just end in a blood bath. Our troops would pull out and it would end in total civil war.....

We know the Finance Minister tried to go down the lop route back in the summer which was dismissed by Shabibi and Maliki so we can discount that. So now we wait.......we all know it will r/v just not when!

Hi,

Thanks for that Adster, I quess we just have to wait for an announcement that all is in place with the law and investment can commence- as regards to the revalue would just like to know why they are still waiting, do you think it will come when they announce all systems go to invest. As we have discussed many times if they dont we can get a fantastic return for peanuts.

No worries abbey, nice to see you on here.

Ok, my thoughts, give them a month to implement the FIL and pass/enact the hydrocarbon law which are both crucial for foreign investment. The hydrocarbon law will bring in all the big boys.

Debt forgiveness from Saudi and Kuwait, (I'd give this 4-6 weeks to be finalised, just my thoughts). Throw this in with the International Compact which will be signed at the end of November and voila, we will have our r/v....

Within 6 weeks is my take.

Iraq is unlike Kuwait back then that was quite another Mid-East circumstance, a whole new obstacle both to themselves and towards the international community doing its best to help out with an economic solution.

You as IQD buyers by the millions...you are sandwiched with just one option... which is gooverned by an everyday-to-day basis subject to whose whims runs and determines the following week's outcome...

By following the political developments will help give you a clearer picture of what, when and through whom if any, when a RV eventually become precedent for moving forward...until such date and time, it's best to hang in there and keep buying for what you can afford...

....aaaand of course, WAIT with a smiling...

YB.

Right on matey!!! There is a whimsical world with Iraq... one doesn't need to be a Saddam family member to know what to do "next best" to survive....

Originally Posted by goldraker

Not to excited about this! This is about that 300+ page embargoed report we have already seen! Unless there are any surprises!!!!!!!!!

I have read through the past through days looking for a link for the report and I'm unable to find it. Could someone point me in the right direction? thanks

Are there any meetings scheduled today that we should be watching for??? I can't remember.

Wow, can really sense a 'downer' in here today.


Iraqi Oil Min To Visit China, Japan, Australia - Official
Iraq's Oil Minister Hussein al-Shahristani will leave Baghdad Monday on a tour that will take him to China, Japan and Australia, the Ministry said in a statement Sunday.

KIRKUK, Iraq, 16 October 2006 (AFP)

Iraq has resumed exports of crude oil to the Turkish port of Ceyhan after an interruption of several months, according to an official of Iraq's Northern Oil Company (NOC).

This good news for Iraq's troubled oil industry came, however, as its largest refinery was shut down for the fourth day running due to a lack of electricity.

"After several months of interruption, pumping =resumed permanently following intermittent and irregular pumping over the past month," said the NOC executive, who asked not to be identified for his own safety.

The interruption stemmed from continuous attacks on the pipelines, problems with the storage facilities in Ceyhan and general deterioration of the pipelines due to age.

In June, the NOC also announced a resumption of exports to Turkey following a four-month hiatus, but the resulting flow was still sporadic. This time around, however, the company is confident that increased security on the pipeline will ensure the exports remain steady.

The company managed to get a consistent flow going by Thursday night and now the pipeline is carrying 250,000-350,000 barrels per day (bpd).

Most of Iraq's oil production, some 2 million bpd, comes from the south, although international experts agree that the northern fields are under-developed.

The news came at the same time that the massive Baiji refinery in central Iraq was shut down due to a breakdown of the nearby thermal power station.

Baiji "stopped its production of products for the fourth successive day due to electricity cuts," said a refinery official.

Iraq suffers from chronic shortages of gasoline, kerosene and other fuel products, resulting in endless lines at petrol stations. When the Baiji refinery is working, Iraq produces 10 million liters of gasoline domestically, barely half of the country's daily demand of 22 million liters.

Iraq gets pipeline to Turkey going again, but key refinery stays offline | Iraq Updates

Saddam verdict is expected on Nov. 5
[14:43 , 16 Oct 2006]
BAGHDAD, Iraq

PNA- A verdict against Saddam Hussein and seven co-defendants charged with crimes against humanity in connection with an anti-Shiite crackdown in the 1980s will be announced Nov. 5, a senior court official said on Monday.

Sentences for those found guilty will be issued the same day, chief investigating judge Raid Juhi told The Associated Press.

The former Iraqi leader could be hanged if convicted. However, he could appeal the sentence to a higher, nine-judge court. His co-defendants include his former deputy, Taha Yassin Ramadan, and his half-brother and former intelligence chief Barzan Ibrahim.

The trial began a year ago with the eight defendants facing charges arising from the deaths of nearly 150 Shiites from the town of Dujail after a 1982 assassination attempt against Saddam in the town north of Baghdad.

That trial adjourned July 27 to allow its five-judge panel to consider a verdict. The court was to have reconvened Monday to hear a verdict.

"The Dujail trial will resume Nov. 5 when the presiding judge will announce the verdict and the sentencing," Juhi said.

Saddam is the chief defendant in another trial, facing genocide charges in connection with a government crackdown in the 1980s against Iraqi Kurds. The prosecution alleges about 180,000 people died in that campaign.

Saddam, his cousin "Chemical" Ali al-Majid and five other co-defendants could face death by hanging if convicted.