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

Originally Posted by Adster

Do I hear a WOOOOOOOOTTTTTTTTTT from our Alaskan friend?!


Bush's Petro-Cartel Almost Has Iraq's Oil, This is why we are going to make it !!
"Iraq has more oil fields that have been discovered, but not developed, than any other country in the world." British-based analyst Mohammad Al-Gallani told the Canadian Press that of 526 prospective drilling sites, just 125 have been opened.

Bush's Petro-Cartel Almost Has Iraq's Oil | Iraq Updates

I'll give ya a HUGE WOOOOOOTTTTTTTTT

Originally Posted by 2shoes

Thanks Webguy,
I don't do anything with web sites, so it's always nice to have someone that knows. But here's a question, I can ping the IP address and get a reply, so is the server up, but just not open for the world to see?
Thanks,
2 shoes

No, the server isn't up. If you are pinging this address: 62.202.189.130, that is not the IP address of CBI. That is the IP address of what I can only assume is their host provider (http://www.bluewin.ch/). When the CBI does come back online, a good way to find out their specific IP address is to open up a program like MS-DOS (Command Prompt), and type in tracert www.cbiraq.org, and it will give you their IP address, as well as tell you the path that is taken to go from your computer, to the CBI website, and all the servers it hits along the way (always maxes out at 30 hops - Anything more than 30, and you won't get everything).

Hope that's helpful...

Apologies, Nemo... If there are further questions on this issue, let's please take it to another thread. As Adster said, it's a server thing, and most likely nothing to do with anything regarding a reval.

Thought for a while that Iraq will end up being number 1 oil distributor in the world, and one of the wealthiest. And we're in on it. Remember reading only something like 25% of oil fields that have been discovered are actually developed and working. I'll dig out the article, very interesting. Also remember something like only 10% have been discovered within Iraq. Huge in itself......

Things that make you feel good eh folks?

Originally Posted by iswtnot

or they are making it look like a DNS problem so not to spred speculation R/V BABY

We can only wish.....


worf

Here it is, was written back in July, but well worth a read.

The Virgin Oilfields of Iraq
A large part of the country is still mainly unexplored. Of the more than 80 oilfields discovered, only 21 have been developed.


By Leonardo Maugeri
Newsweek

July 5 issue - When it comes to oil, Iraq is—believe it or not—largely virgin territory. Though much of the talk about rebuilding Iraqi fields focuses on bringing production back up to prewar levels of about 3 million barrels a day, Iraq is the only Middle Eastern oil power other than Saudi Arabia with huge reserves that are untapped, even unexplored. Indeed, Iraq has the potential to match the 10.5 million barrel-a-day capacity of Saudi Arabia, which is now the only producer capable of using its excess capacity to moderate world oil prices.

The underdevelopment of Iraqi fields stems from their peculiar history. In 1918, British War Secretary Maurice Hankey foresaw that oil would be as important to the next great war as coal was to the first, and that the only big fields within British reach were in Persia and Mesopotamia. That imperative shaped British postwar policy toward Mesopotamia, which led to the carving out of a new oil state under British patronage. While oil dictated the birth of modern Iraq, though, there was no rush to develop the resource. By 1929 jockeying among the great powers led to the creation of the Iraq Petroleum Corp., a Western consortium led by four of the "Seven Sisters" (the world's largest oil corporations): the British predecessors of Shell and BP, the American predecessor of Exxon Mobil, and the future Total of France. Just as they secured control of this prized supply, the Wall Street crash of 1929 scuttled demand. Huge new fields were discovered in the United States, and an unprecedented glut inspired the Seven Sisters to limit global production.

They put the brakes on Iraq. Development stalled, exploration was restrained and Iraq Petroleum acquired all remaining concessions in order to shut out competition. This freeze lasted until the early '50s, when rising demand and the temporary nationalization of Iran's oil convinced Iraq Petroleum to resume development. Yet already, a new stage of overproduction had begun. The Seven Sisters controlled all major Middle East oil concessions and secretly decided to restrain output, but not equally across the region. Politically stronger or more attractive countries—such as Iran, Kuwait or Saudi Arabia—were penalized less than Iraq. By 1960, Iraq Petroleum had developed only eight out of the 35 oilfields discovered in Iraq.

The day of reckoning came in 1961, when the nationalist government which had ousted a pro-Western monarchy in 1958 expropriated the Seven Sisters' undeveloped holdings—or 99.5 percent of the total. Yet the new leaders did little to develop the oil themselves. Political turmoil would prevent the national oil company, formed in 1964, from matching the huge gains in production made by other states in the Middle East.

Then came a brief golden age. Amid relative political calm and rising oil prices, Iraqi production rose from 1.5 million barrels per day in 1972 to 3.5 million in 1979. A major exploration campaign discovered many new fields. But the new era was snuffed out by the 1979 rise to power of Saddam Hussein, who diverted oil revenue from development toward imperial goals and left the vast majority of newly discovered fields untapped.

Some figures reveal just how untouched Iraq is: since oil production began at the dawn of the 20th century, only 2,300 wells have been drilled in Iraq, compared with about 1 million in Texas. A large part of the country—the western desert area—is still mainly unexplored. Iraq has never implemented advanced technologies—like 3-D seismic exploration techniques or deep and horizontal drilling—to find or tap new wells. Of more than 80 oilfields discovered in Iraq, only about 21 have been at least partially developed. And 70 percent of current capacity derives from just three old fields: Kirkuk, discovered in 1927, and North and South Rumailah, discovered in 1951 and 1962, respectively. Yet even at this early stage, Iraq's current proven oil reserves exceed 110 billion barrels—second only to Saudi Arabia's.

Given this picture of underdevelopment, it is realistic to assume that Iraq has far more oil reserves than documented so far—probably about 200 billion barrels more. These numbers make Iraq—together with a few others—the fulcrum of any future equilibrium in the global oil market.

The temptation for outsiders to grab a stake will be enormous, but it would be a tragic mistake. Their history has made Iraqis perhaps uniquely sensitive to oil as a symbol of national pride and autonomy. During the '70s Iraq financed oil development through its own production. This may prove too heavy a burden for Iraq now. But either way, how to fulfill the promise of its oil is a question that the country must be left to answer alone.

Maugeri is group senior vice president for corporate strategies at Eni, the Italian oil and gas company.
© 2006 Newsweek, Inc.

Originally Posted by Adster

Thought for a while that Iraq will end up being number 1 oil distributor in the world, and one of the wealthiest. And we're in on it. Remember reading only something like 25% of oil fields that have been discovered are actually developed and working. I'll dig out the article, very interesting. Also remember something like only 10% have been discovered within Iraq. Huge in itself......

Things that make you feel good eh folks?

That makes us feel good but what would make us feel better is.... you guessed it, for them to r/v!!!!!

What makes us feel good is unlike Saudi Arabia, Iraq won't be running out of oil anytime soon.

worf

(Voice of Iraq) - 10-17-2006 | This issue was sent to a friend

Minister of Civil Society : the movement of non-governmental organizations reflect the situation of democracy in Kurdistan

Minister of Territory for civil society George Mansour, in his office in Arbil, a delegation from the network of non-governmental organizations Alcordstaneh-Iraqi, composed of Irbil branch official Esmat Abdel Sattar Younis and managing editor of Network Dallaire Ibrahim Ismail, chief editor of the English section in the magazine Nawzad Mahmud Hasan. The delegation definition as a network of organizations and non-governmental bodies aimed at spreading the concepts of civil society and culture in Kurdistan, which wants to strengthen the foundations of democracy and the strengthening of the Kurdish community and provide services to people Alcordstani without discrimination on the basis of religion, sex, race or creed. And in turn, thanked the minister Mansour visit and explained the importance of the development of the Ministry of civil society in Kurdistan. the coordination with non-governmental actors in the arena Kurdish compilation efforts put in place to lead the required purposes with the attempt Alahtvad their independence, impartiality and provide the necessary environment for its work, He emphasized that the movement and activity of civil society organizations shows primarily on the availability of the atmosphere of democracy in Kurdistan breathes through these organizations and social activity occurring more civic awareness and accelerate the construction of a civilized society desired.

Sotaliraq.com

Hey Guys been perch watching for a long time. This is my 1st post over here. Somebody has got to work some voodoo or magic on this situation! Have we tried that? Anyway jumping in on a new blog is like jumping into double dutch for the 1st time but instead of ropes, they are using chains! Ouch!

your in iraq whats going on right now

More WOOOTTTTSSSSSS!!! Best bits from the article.....


Bush's Petro-Cartel Almost Has Iraq's Oil
Even as Iraq verges on splintering into a sectarian civil war, four big oil companies are on the verge of locking up its massive, profitable reserves, known to everyone in the petroleum industry as "the prize."


The Iraqi government faces a December deadline, imposed by the world's wealthiest countries, to complete its final oil law. Industry analysts expect that the result will be a radical departure from the laws governing the country's oil-rich neighbors, giving foreign multinationals a much higher rate of return than with other major oil producers and locking in their control over what George Bush called Iraq's "patrimony" for decades, regardless of what kind of policies future elected governments might want to pursue.



"Iraq has more oil fields that have been discovered, but not developed, than any other country in the world." British-based analyst Mohammad Al-Gallani told the Canadian Press that of 526 prospective drilling sites, just 125 have been opened.


Both independent analysts and officials within Iraq's Oil Ministry anticipate that when all is said and done, the big winners in Iraq will be the Big Four -- the American firms Exxon-Mobile and Chevron, the British BP-Amoco and Royal Dutch-Shell -- that dominate the world oil market. Ibrahim Mohammed, an industry consultant with close contacts in the Iraqi Oil Ministry, told the Associated Press that there's a universal belief among ministry staff that the major U.S. companies will win the lion's share of contracts. "The feeling is that the new government is going to be influenced by the United States," he said.



Bush's Petro-Cartel Almost Has Iraq's Oil | Iraq Updates