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

Originally Posted by MunnyBaggs

Passed yes and steps are now being taken to enact the new rules. Another good bit of news is the Iraqi Oil Minister stated they have a goal of passing the Hydrocarbon Laws in December. The FIL is a great step forward but what we should be anticipating is the HCL and oil futures. That's when the wealth of Iraq will begin to be revealed to the World.

the hydrocarbon laws will be announced along with the fil in their 'economic package' that they have been working on for some time now. its all in the news, gotta follow all the links.

they say near the end of the year but i dont know if you noticed or not, its now NEAR THE END OF THE YEAR. lol
the 'surprise' is upon us!!

the hydrocarbon laws will be announced along with the fil in their 'economic package' that they have been working on for some time now. its all in the news, gotta follow all the links.

they say near the end of the year but i dont know if you noticed or not, its now NEAR THE END OF THE YEAR. lol
the 'surprise' is upon us!!

Does our year and their year end at the same time ?

Do they use the same calender ?

Looks like the CBI held an auction this morning, from cbiraq.org

Announcement No.(795)

D.G. of Foreign Exchange Control

The 795 daily currency auction was held in the Central Bank of Iraq day Sunday 2006 / 10/ 29 so the results were as follows :

Details Notes
Number of banks 9 -----
Auction price selling dinar / US $ 1471 -----
Auction price buying dinar / US $ ----- -----
Amount sold at auction price (US $) 61.420.000 -----
Amount purchased at Auction price (US $) -----
Total offers for buying (US $) 61.420.000 -----
Total offers for selling (US $) ----- -----

Cash amounts sold to the bank and its customers were USD(34.580.000) at a rate of(1471+1+10=1482)IQD\USD .
The amount sold to make transfers abroad was USD (26.570.000) at a rate of (1471-2)+ one dinar as a bank fee and exempt the transferred amount from conversion fee.

Originally posted by PopaDinar:

The few days that preceded Eid Al-Fitr, were a suitable occasion to picture the difficult living situation of Iraqi people after the prices of all goods and services went sky high, which made Iraqis recall years, not long ago, thought to have been forgotten.

Transport wages, that doubled due to the rise in the prices of oil derivatives, have led to a situation can no longer citizens deal with its results because of the disproportionate daily income with the reality of the new prices and the repercussions of inflation, which is constantly increasing.

Citizen, Rifaat Sahib, a government employee, referred to the suffering of a large segment of his colleagues, by saying: "the suffering is real and unprecedented in the lives of people especially that the increase in the salaries of government employees is no longer effective because of the high levels of inflation ». He adds: "Those who shape the country's economic policy should take into account the conditions of the citizen, racked by inflation, in addition to the growing numbers of the poor".

To paraphrase this article: We (Iraqis) are hurting here, we remember better times, small changes aren't helping, you better do something big quickee quickee...

For everyone involved I hope this is a bait story to direct the publics mindset in the direction and set up for the reval. Even though I want it too, the Iraqi's really need it for a better life...

Woot Woot, sup Susie.....

Originally Posted by Dinarstars

Looks like the CBI held an auction this morning, from cbiraq.org

Announcement No.(795)

D.G. of Foreign Exchange Control

The 795 daily currency auction was held in the Central Bank of Iraq day Sunday 2006 / 10/ 29 so the results were as follows :

Details Notes
Number of banks 9 -----
Auction price selling dinar / US $ 1471 -----
Auction price buying dinar / US $ ----- -----
Amount sold at auction price (US $) 61.420.000 -----
Amount purchased at Auction price (US $) -----
Total offers for buying (US $) 61.420.000 -----
Total offers for selling (US $) ----- -----

Cash amounts sold to the bank and its customers were USD(34.580.000) at a rate of(1471+1+10=1482)IQD\USD .
The amount sold to make transfers abroad was USD (26.570.000) at a rate of (1471-2)+ one dinar as a bank fee and exempt the transferred amount from conversion fee.

did someone count ten days??? lol wtf is goin on? these wacky iraqis!!

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President Talabani advised Americans beginning contacts with Tehran and Damascus.
Source : life
29 / 10 / 06
Advised Iraqi President Jalal Talabani that the United States «contact with Tehran and Damascus is the best may be very useful, but a question marks whether Damascus is ready for such a dialogue ». He stressed that Washington hastened to put an end to the violence in Iraq and to disarm the militias, but said that the Iraqi government would prefer that through dialogue and persuasion «». The President noted that the Al Qaeda organization «» become weaker than previously, said : «that about 200 armed Arab arriving daily to Iraq». He talked about the amnesty law, pointing out that the Americans have accepted the coverage «even kill Americans in the event of this law was part of the solution popular comprehensive understanding of the current situation». During the vacation of the Eid al-Fitr met Iraqi President Jalal Talabani in Dukan (Kurdistan of Iraq) American Ambassador Zalmay Khalilzad and discussed the details of the security file and the new American military measures announced by President George Bush in order to restore security and stability to Iraq. Commenting on the rivalry between the American President and the Prime Minister of Iraq Nouri Al-Maliki, by refusing to set a timetable for the withdrawal of the militias also requested Washington, President Talabani told «life» support the American administration to the government of Al-Maliki pointed out that «American measures are not new, they wanted to withdraw weapons from the Iraqi arena» But the American administration wants to implement this step as soon as possible with the Iraqi reality should give the Iraqi prime minister an opportunity to Hawa R.. Talabani said : «that the American administration is very concerned at the expansion of the cycle of violence and terrorism and the prospects of civil war in Iraq, therefore, they want to control armed militias as soon as possible. as it is responsible for the killings, kidnappings and assassinations »pointing out that the situation has become very difficult». He added : «under the current security situation began each party is his own and become each of the Ministry of armed force, especially protected and armed clans also the political parties and even armed forces are subordinate to it so it is chaos». Talabani stressed the «we in the political council of national security we agreed to begin the dialogue tried to persuade the armed groups and militias to lay down their arms and this may take time as we started with Mr. Muqtada al-Sadr, who responded with us and he will undergo the Mahdi Army of the law and that any overreaction to the law of the Mahdi Army will be told to try and arrest, But the American administration seems to hurry, especially with the continued assassination operations, The assassination of Lieutenant-General Amer Hashmi brother, Vice-President of the Republic can not be tolerated or stand without serious action against those responsible ». Whether covered s disarmament operations this? He said Iraqi President «s not agreed as part of the armies that liberated Iraq have been distributed to army troops and border guards and security and the rest of them, like the National Guard in Iraq's Kurdistan approach to the territorial government and the central government and thus the name replaced s name not be used later, as what is left of these forces will engage in the institutions that I have mentioned will remain after a series of that name. 200 armed Arab daily Asked whether he believed that the Al-Qaeda organization «» become stronger or weaker than after the killing of Abu Musab Al Zarqawi, and why was the law in the reconciliation and amnesty, President stated that the organization was weaker than in the past, has admitted to killing in 4000 foreign leaders in Iraq, But we believe that the real number is twice that number, We also arrested hundreds of its members who are now sort in our prisons reflect our borders every day, about 200 Arabs have joined them. Amnesty Talabani said : «We in the political council of national security and we are currently examining the law of a general amnesty to Iraqis in the militias and armed resistance groups, terrorist and Mr. Aziz al-Hakim said he was ready to accept such a blanket amnesty for everyone, I also think that the Americans are ready to approve the issuance of this law, which will include even those who had killed Americans in the event of this law was part of the solution popular comprehensive understanding of the current situation ». The dialogue with Tehran and Damascus. And on the advice of President Bush after the recommendations made by the Committee for Baker in the dialogue with Tehran and Damascus «expressed his belief that dialogue with Tehran and Damascus is the best may be very useful, but this possibility already exists, especially that Tehran and Washington have agreed upon previously the beginning of the current year, they agreed Tehran to a meeting between Mr. Ali Larijani, the Ambassador in Iraqi Kurdistan to be secretly, But the Declaration of Mrs. Condoleezza Rice as a channel of communication with Tehran before the meeting angered Iranians and made them retract it. He also called Mr. Aziz Hakim also to a comprehensive dialogue between Tehran and Washington, and discussed the issue with the Iranian Foreign Minister during his visit to Baghdad. But the Americans preferred to postpone the matter until after the Iraqi government is formed and we now wait to believe that the opportunity exists to revive those attempts. On the other hand, I believe that Americans are ready for dialogue with Damascus also in the Iraqi affair but that the structure of the Syrian government and the willingness to actually Such dialogue ». Turkey has Ahedd And whether the Kurds of Turkey threatened to intervene in the internal affairs if they continued to interfere in the Kirkuk and whether it was possible to postpone the referendum on the future of the city, he said : «I did not Ahedd Turkey at all. I understand my pronouncements error in the matter of interference in our internal affairs ... On the contrary, I always emphasize that Turkey will help us and support us in the fight against terrorists, I support the government of Mr. Recep Tayyip Erdogan to be a democratic government and prudent, Adamha as president of Iraq because it seeks to develop its relations with Arab countries and neighboring countries, and Adamha as Kurdish because the current Ankara government is the most serious in its determination to solve the Kurdish issue ». He added : «I said to Mr. Erdogan that we should develop our relations and to get rid of the contentious issues outstanding between us, especially the issue of Kirkuk and the PKK. For Kirkuk can not postpone the referendum, which will be next year, because time was recorded and defined in the Iraqi Constitution, but it can postpone the application of the results of the referendum ». He expressed the belief in the need for a comprehensive dialogue on this city in order to reach the best possible solutions. He said the Iraqi president «proposed model Brussels and presented to the brothers the right to the local administration Turkomans in Kirkuk if it agreed to join the Kurdistan region of Iraq, This means that there are local administrations within the territory of Kurdistan, such as Brussels, We need to dialogue and understanding Arabs and Turkmen and Kurds on how to manage the city. Some Kurds in Kirkuk mistakes committed by haphazard construction in the territory after their return in the past three years on the grounds that the land is state-owned by the revolutionary, This must be corrected. But this does not negate the right of the Kurds who have returned residence again in Kirkuk, the identity of the city and of solving I said more than once, we agree with the use of any official census of the historic Ottoman So far, and even Mr. Ismet Inönü Statistics Assistant Mustafa Kemal Ataturk, which went to the Lausanne Conference in order to resolve the issue of the mandate of Mosul, the map or any other official to confirm that all the rights of the Kurds in Kirkuk. On the question of the Kurdistan Workers Party, Talabani said : «We Khernahm between lay down their arms and stop the violence or exit from the Iraqi territories, They agreed on a ceasefire, but have pledged to lay down their arms in solving the case got a political amnesty from Turkey and accepted only includes amnesty leaders of the party that can remain outside of Turkey, The Kurdish issue can be resolved through dialogue and policy. We do not want to interfere in the internal affairs of Turkey, we only try to help in resolving the outstanding issues between us in order to better relations. We, the Turkish army fought in the former Kurdistan Workers Party, but none of us has not been able to eradicate the weapons. Everyone in Turkey and the United States of the region and support the need to reach a political solution to the issue. As for the question of political amnesty to be issued by Turkey more than a political amnesty from those who emerge from the PKK and return to Turkey, It also issued an amnesty for politically Kurdish politicians imprisoned for more than ten years. Therefore, the subject is not new.

President Jalal Talabani has affirmed its support of the Turkish government

Persevered President of the Republic (Jalal Talabani) support for the Turkish government to a democratic government that it seeks to develop its relations with Arab countries and neighboring states. He (Talabani) told the New London (life), "informed the Turkish Prime Minister that the development of the relations, and get rid of the contentious issues outstanding matter Kirkuk and the PKK. " He pointed out that "the model proposed by Brussels were presented to the Turkmen on the right of the local administration in Kirkuk if it agreed to join the Kurdistan region." On the other hand, warned (Talabani) s forces of the Patriotic Union of Kurdistan led by bias to any destination indicated Qi in the elections, which expires stages today in the city of Sulaimaniya.

NOAA
10 / 29 / 2006

Radio Nawa

Iraq hopes to complete the first round of the award of contracts for the development of oil fields

Egyptian Minister of Petroleum (Hussein Shahrastani), "Iraq hopes to complete the first round of the award of contracts for the development of oil fields by the end of next year." He said Shahrastani, who is now in Australia, in a press statement that "many oil companies expressed willingness to begin to discuss possible ways of cooperation even before the issuance of the law Alastth Mar new. " He pointed out that "the regional balance of the development of oil fields in the matter, because the government wants the oil to be a factor for unification of the whole country."

NOAA
10 / 29 / 2006

Radio Nawa

The National Reconciliation Conference begins its work in London today

(Voice of Iraq) - 10-29-2006 | This issue was sent to a friend

The National Reconciliation Conference begins its work in London today

London-particularly the "Hamad" Starts in London and the Irish Center Hall in the Hammersmith London Sunday morning Iraqi national reconciliation conference sponsored by the Ministry of the Iraqi national dialogue.
It will also participate in the conference representatives of the parties and political forces in Iraq in addition to the various political and religious figures.

The Conference will be opened by the Minister of the Iraqi National Dialogue Akram Hakim

Participants in the conference also Mr. Hamid al paper on the role of media in the Iraqi national reconciliation.

It is noteworthy that the Iraqi Ministry of National Dialogue, a newly created Ministry, have organized a number of conferences in and outside Iraq for the unification of the Iraqis behind the national constants and to renounce violence, sectarian and religious discrimination.

Sotaliraq.com

Western Oil Sands Inc to pursue plan for Kurdistan
[15:39 , 28 Oct 2006]
Kurdistan (The Globe )

PNA-Western Oil Sands Inc. will push ahead with its controversial strategy to explore for oil in the semi-autonomous Kurdistan region of war-torn Iraq, despite protests by some disgruntled shareholders.

"Western board's management firmly believes that this Kurdistan initiative offers tremendous long-term growth potential with limited upfront capital," Western's chief executive officer Jim Houck said yesterday during a conference call.

"The company is committed to working alongside the government and the people of the region to develop this large and potentially world-class asset," Mr. Houck told analysts after Western released upbeat third-quarter results.

Calgary-based Western spooked many investors on May 30 when it announced that the company -- a partner in the Athabasca oil sands project in Alberta -- was expanding to Kurdistan, a relatively stable northern region in Iraq.

Salida Capital Corp., a large shareholder that bought Western because it has a strong crude asset in Canada, argues that the foray into Iraq has soured confidence among investors, and has called for a sale of the company.

In a letter to Western in September, Toronto-based Salida also suggested other options, including the sale of its oil sands stake and a spinout of its Iraq assets. Converting the oil sands stake into an income trust and spinning out holdings in Iraq and its undeveloped oil sands leases is another possibility, Salida said.

Salida president Gary Ostoich could not be reached for comment yesterday.

Mr. Houck, who has been tight-lipped about some of the shareholder unhappiness, added that Western is now working with the Kurdistan government to ratify their 10-year exploration and production-sharing agreement.

"We expect the ratification process to result in a finalization of the acreage and the work commitments, and to also confirm and align our contract with the draft petroleum law that was recently published by the Kurdistan regional government," Mr. Houck added.

Asked about the cash outlay so far for the Iraq project, Western's chief financial officer Dave Dyck said the company has spent about $20.8-million, including $2.5-million for research and business development.

The Western executives elaborated on their Kurdistan strategy after reporting a 6-per-cent increase in profit and record revenue for the third quarter.

A 12-per-cent rise in West Texas crude oil prices, higher prices for heavy crude, lower natural gas prices that reduced operating costs and no hedged production were all factors that helped to boost the bottom line, the company said.

Shares of Western, which took a beating after unveiling its Kurdistan strategy, yesterday slipped 18 cents to close at $28.85 on the Toronto Stock Exchange.