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

KRG.org , 22 Oct 2006
KRG petroleum law to go to Kurdistan parliament

Office of the KRG Spokesman

Sunday 22 October 2006, Erbil, Kurdistan - Iraq (KRG)

The Kurdistan Regional Government (KRG) today published a draft of the petroleum law for Kurdistan. This draft will be forwarded to the Kurdistan National Assembly, the Region's parliament, for its consideration. The Minister for Natural Resources, Dr. Ashti Hawrami, today issued three press releases addressing different aspects of the law, including revenue management and the KRG policy on the Kirkuk oil fields.

The draft has benefited from further comments and suggestions to the two previous published drafts.

The Act is accompanied by a detailed Explanatory Memorandum.



Links to press releases:


KRG Final Draft Petroleum Act

Revenue Management and KRG Draft Petroleum Act

Kirkuk Oil and the KRG Final Draft Petroleum Act

The Minister announces the completion of the draft Act, outlines the revenue management principles of the draft Act, and dispels some myths about Kirkuk.



The Kurds definatley have their ducks in a row... does anyone know if and how you can open a bank account there???

Announcement No.(802)

D.G. of Foreign Exchange Control

The 802 daily currency auction was held in the Central Bank of Iraq day Thursday 2006 / 11/ 9 so the results were as follows :

Details Notes
Number of banks 14 -----
Auction price selling dinar / US $ 1465 -----
Auction price buying dinar / US $ ------ -----
Amount sold at auction price (US $) 70.180.000 -----
Amount purchased at Auction price (US $) ------
Total offers for buying (US $) 70.180.000 -----
Total offers for selling (US $) ------ -----

Cash amounts sold to the bank and its customers were USD(49.580.000) at a rate of(1465+1+10=1476)IQD\USD .
The amount sold to make transfers abroad was USD (20.600.000) at a rate of (1465-2)+ one dinar as a bank fee and exempt the transferred amount from conversion fee.

Here is the Kurds HCL law...pdf...learn it, know it, live it...

http://web.krg.org/pdf/Kurdistan_Act...tober_2006.pdf


I haven't gone through it yet, but I bet it's gonna be similar to Iraq's...


This pdf supposedly explains it...

http://web.krg.org/pdf/EM_Kurdistan_...tober_2006.pdf


Here's a dancing bananna too...

Originally Posted by Lunar

Expectations increase the volume of investments and oil production.
Baghdad Haider spring
09.11.06

Iraq intends to increase the volume of investments in oil under the new law, oil and gas, it will be re-consideration of all contracts signed during the era of Principles in the negotiation.
....
Shahrastani said in a press interview during his visit to Beijing recently : the representatives of the Iraqi Oil Ministry and the oasis company partly owned oil company China National will begin work soon to activate the contract has met the minister, who had arrived from Japan with senior officials of the government oil companies only fourth in China.
...
It is expected to produce Al-Ahdab field, which is located in southern Iraq about 90 thousand barrels per day and if the agreement has been reached between the two sides, this will be the first foreign oil contract granted by Iraq, according to the law of oil and gas due to be issued shortly.
...
The Petroleum Ministry had recently started a work plan, designed to attract large foreign companies to invest in the Iraqi oil sector...

I cut out some of the quote and highlighted other areas.

It talks about the new law due to issued shorty and it seems the agreements may have already been signed during the visits to China and Japan.

Originally Posted by Frank Rizzo

Here is the Kurds HCL law...pdf...learn it, know it, live it...

http://web.krg.org/pdf/Kurdistan_Act...tober_2006.pdf


I haven't gone through it yet, but I bet it's gonna be similar to Iraq's...

Or should we say Iraq's will be similar to the Kurd's ... :-)

Originally Posted by zwhatimsaying

if BofA was going to start selling or exchanging dinar on the 13th, you would not hear about it just by calling someone at the bank. This is insider information and they would be put in jail if they did know something and shared it. I doubt anyone has any detailed information about when or what they are planning. If they did, it would come 1 or 2 days in advance as to not get shared with to many people. I do believe it will be tomorrow, but I don't think that by calling a bank you will find anything useful or realiable. Lets just ask the banks tomorrow when we cash in. YA!!!!

remember that the rumor came from stephanie at iif who is infamous for leakin false information to make fun of those who adhere to it. not one other confirmation to remotely believe it for me. sorry.

COMPARISON OF LAST 4 AUCTIONS....ANY IDEAS OR THOUGHTS.
Number of banks:
11/2/07 (16)
11/7/07 (14)
11/8/07 (20)
11/9/07 (14)

Auction price selling dinar / US
11/2/07 $1470
11/7/07 $1468
11/8/06 $1466
11/9/07 $1465

Auction price buying dinar / US
11/2/06 $ ----- -----
11/7/06 $1466
11/8/06 $1464
11/9/06 $------ -----

Amount sold at auction price (US $)
11/2/06 70.245.000
11/7/06 109.150.000
11/8/06 97.010.000
11/9/06 70.180.000

Amount purchased at Auction price (US $)
11/2/06 -----
11/7/06 3.000.000
11/8/06 3.000.000
11/9/06 ------

Total offers for buying (US $)
11/2/06 70.245.000
11/7/06 109.150.000
11/8/06 97.010.000
11/9/06 70.180.000

Total offers for selling (US $)
11/2/06 ----- -----
11/7/06 3.000.000
11/8/06 3.000.000
11/9/06 ------ -----

US Dollar
USD
11/2/06 1470.000
11/2/06 1469.265
11/7/06 1470.000
11/7/06 1469.265
11/8/06 1468.000
11/8/06 1467.266
11/9/06 1466.000
11/9/06 1465.267

Originally Posted by bigred52

isn't it a bit of a fraud for liberals to run as conservative democrats so they
could be elected and then vote Pelosi,Conyers etc : extreme left wingers to
postions of power ? also its VERY hypocritical to be glad the democrats
won :--when if it wasn't for Bush, the Republicans and the brave soldiers
you won't have a chance to become rich with a dinar r/v.

can we have a political thread?

Originally Posted by shotgunsusie

can we have a political thread?

We do,
http://www.rolclub.com/politics-religion/

So take the political talk there please!

Is anyone aware if Stephanie F has returned with an fresh update for her November 13 claim from her job at BOA?