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

excuse if this has been posted:

exploration and development fields. ...Oil industry sophisticated ... ءContribute to the development and construction





الصباحMorning
الر Determined strategic outlook of oil in Iraq, in the current stage and the future. in the light of the following points
1- ارOne-Constitution
2- لعراقTwo-oil realities in Iraq
3- شافات، -exploration, development, exploration, production, export




4-oil industry
5-contribute to the development and construction
Constitution :
The Iraqi Permanent Constitution of 2005 three articles governing oil and gas assets, "Article 111" to : "Oil and gas people," King of the nation "in all the regions and provinces". In Article 112, "" Ali.
First - The federal government management of oil and gas extracted from existing fields with the governments of producing regions and provinces, to be distributed equitably and imports commensurate with the population distribution in all parts of the country. with the quota for a specific period of the affected regions, , which has been denied them unfairly by the former regime. The damaged after that, ensuring balanced development of the various regions of the country, regulated by law.
Second - The federal government and provincial and district government produced together a strategic policies necessary for the development of oil and gas. to achieve the highest benefit to the Iraqi people. certified latest techniques of market principles and encouraging investment.
"Article 113 stipulates :" "all that is not written in the exclusive power to the federal government, is under the authority of provincial and district, In the case of the dispute over the things that fall under the multiple forces "shared" between the federal government and provincial and district government will be the priority for the latter. "
Explains Dr. Hussein Shahrastani, Oil Minister, the current article "111", saying : "The oil and gas belongs to all the Iraqi people. and it may not any of the regional or local parties to act on behalf of the general Iraqi people. The federal government is representing the people in all regions and provinces, it should be through the bodies representing the whole of the country. We should not unique any province or any region or any territory this common wealth to the public.
Regarding the newly discovered oil fields in Kurdistan, the minister pointed out that it belongs to all people, and revenues should go to one box, distributed by the proportion of the population in those areas. as stipulated in the Constitution that.
There is a ministerial committee on behalf of the Energy Committee in which the Minister of Natural Resources in the Kurdistan region, It also includes members including ministers of oil, electricity, finance, planning and Justice and others. The Energy Commission is the body authorized to study these things. "
It seems that these constitutional articles came to achieve two main objectives :
I : the current distribution of oil wealth for everyone, in accordance with the relative density.
II : an inventory of exploration and production in the hands of the new regions and producing governorates, without the intervention of the federal government, except for the drawing up strategies for the development of this industry, which are common to everyone.
We have many legal and oil experts that there are gaps and ambiguity and contradiction in these articles of the Constitution in addition to the overlap and the marginalization of the role of the federal authority in the supervision and coordination, and scrutinizing the operations of exploration and production and other oil operations, which require follow-up central, and only the Constitution and potatoes of oil and natural gas from the national wealth. Requires expansion to include material from the national wealth of natural sulfur and phosphate, iron and all that is in the ground and outside,
And even water.
It also requires an amendment to the article "111" to be the following "national natural wealth, located in the ground and above, including the Kailahun oil and gas property of all Iraqi people in all regions and provinces, The federal government in charge of the general supervision of the distribution of wealth and worth. "
As can amend article "112" is as follows : "The Federal government is the overall supervision of the exploration and production with the provincial and district government, The distribution of imports of national wealth commensurate with the population distribution in all parts of the country. identify additional quota for the producing regions and provinces of production value for the expansion of development in these areas. "
Thus, there are operations of a line with the articles of the Constitution which stipulates that oil and gas King all the Iraqi people and therefore should be the federal government general supervision and control over the production and export of resources.
Development and production, "Facts and figures"
About "530" function synthesis, been drilling in the "115" so far, proved by "80" contains up to nearly "116 billion barrels", The synthetic parameters unexplored until now it has more than "115 billion barrels".
Current production is two million barrels. The highest production of 3,5 million barrels in 1979. The production before March 2003 was 2, eight million barrels a day.
Oil and strategic outlook are working to lift
Production to McCann in 1979, This figure was very modest.
The work to develop Iraq requires that the State play, whether the federal government or the provincial and district government play a leading role in development in addition to domestic and foreign investments, Projects strategic outlook and health services, education, social insurance, and construction of dams and irrigation projects must be in the lead of the State All this requires expansion in the production and export of oil and gas. as well as in the oil industries and Altbrookimiaoeh, phosphate and sulfur requires efforts to raise oil production to the "10-8" million barrels a day, It Maittalb work to attract giant oil companies in exploration, prospecting, drilling, extraction, in addition to work on the development of existing fields.
Also to be re-establishing the National Oil Company. to oversee the oil industry. with subsidiary companies in the regions and provinces to be responsible for the management of oil operations in their respective regions.
Thus, the National Oil Company in general intellectual and coordination with all the other companies in Iraq and the specific legislative and political matters, planning and studies and contracts, The overall supervision and follow-up exploration and production in the country.
While the subsidiary companies operational matters and the implementation and supervision of projects.
The development of oil fields
The prospecting operations should continue in a crescendo for new discoveries, and drilling new fields, to raise production capacity from new fields, fields and the current plan requires a basic vehicle is examining the discovered fields and producing.
At the same time we have to take into account the development and reconstruction of the country and to meet the needs of current and future must lay the foundations of the plan depends :
* Optimum use of existing and proven reserves in all producing fields and discovered or detected future.
* The adoption of best sunspots to develop oil fields, as well as the cost of any additional oil pipeline or changing a major pipeline transporting and exporting oil.
* Study the feasibility of any of the operations of oil from prospecting to production and export. The implementation of the best in terms of economic feasibility. the protection of the environment, and better use the techniques.
* Preparation for possible additional stocks in the future as they desperately needed.
Planning Alstratiji
Alstratiji planning of the oil industry in Iraq in light of the Constitution and the current situation in Iraq should be centrally and in consultation with the regions and governorates produced through a consultative body, comprising representatives of the companies or sub-fields in the regions and provinces, and representatives of non-governmental organizations in the relationship. oil and technocrats prefer to be representatives of the regions and provinces, found.
The text of the Constitution explicitly provides that the oil wealth belongs to the Iraqi people. The proper application of this basic principle is that the oil policy of the federal government's responsibility, For a few, in terms of powers and responsibilities, Through the advisory body to which we have referred. There's oil can be developed unless stayed in place this principle and do real.
It also must articulate a vision for the strategic development of the role of the private oil sector, and the development of an investment plan based on scientific and administrative impartial In this regard indicates the oil expert Farouk denominator four strategic options in foreign investment in the oil sector, namely :
One - because of the deteriorating situation of the Iraqi economy, there is an urgent need for a significant increase in production.
2-for, the contribution of foreign investment, even for a transitional period, is essential.
3-for the purpose of maximizing the interest must be done within the framework of legislative and contract carefully.
4-Needless to excess in the number of contracts in the interim period, because the possible recovery of endogenous capacities in investment and production in a few years, then Iraq will be in a better position to negotiate.
The new contracts and agreements must be carefully studied and economically feasible
The scientific, environmental and fair, and not subject any territory or province productive to small investors and speculators.
The lack of experienced personnel in the management of oil at the regional level and absence of unified model for the terms of the contracts and agreements can lead to agreements, oil, gas backward with the international oil companies which Malaihaqk constitutional requirements, , which states "to ensure the highest benefit to the people" and worse, the possibility that the transparency and auditing and accounting difficult for the fledgling regional governments and provinces lacking institutions and traditions. In addition, the contracts in such circumstances, because of the imbalance of the two sides will be declared invalid by the international laws "laws of the Higher Institute for the Unification of Private Law. "Therefore, such agreements will lead to unfair results destructive of the national wealth of the region or maintain productive itself.
* Sources *
One full-Almahidi-about oil policy rational dialogue-magazine-number "6", the Iraqi Center for Development and International Dialogue, "Baghdad, in June 2006."
Two-Tariq Shafiq-invitation to reconsider. The content of the oil industry, as contained in the Constitution.
3-d. Hussein Shahrastani, and the current Minister of Oil, in an interview in 2006 / May 10.
4-Iraqi Center for Development and International Dialogue. Economic Forum requirements and controls on investment in Iraq. Amman in 2006 / 7 / 21.


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Originally Posted by SeaRayaWaitin'

I think I read a while back that maybe they would hand out the checks/cards while they were still only worth $7 because that might go over a little better than trying to hand out checks/cards worth 10k+ But the Iraqis would not be able to redeem them until distribution was complete....and THEN....wham!!!! reval city and everybody is happy.

You may be correct, but would they not want a reval in place before hand-out? Many may not even bother to pick up the card at current rates, but if they knew it was worth, say 10grand US then everyone would head to the bank.

This is why I think a reval must take place before the hand-out, or at least the cashing in part.

Good analagy thou, shows your thinking.

Iraqi team for Bahrain forum
Iraqi team for Bahrain forum
12/11/2006
Source: Trade Arabia
Sixteen high-ranking officials from Central Bank of Iraq (CBI) are attending five-day training programme on banking supervision in Bahrain.

The five-day programme is being conducted by the Bahrain Institute of Banking & Finance (BIBF) in co-operation with the International Monetary Fund (IMF) and Federal Reserve Bank of New York (Fed NY).

The workshop, at the BIBF premises in Juffair, will be conducted by a team of international experts from the IMF and Fed NY.

BIBF was selected to host this important workshop because of Bahrain's excellent reputation as a leading world financial hub and the Institute's ability to provide world-class training and business advisory services, said BIBF deputy director and head of Banking Learning Centre, Hussain Ismail.

For the last two-and-a-half years, the IMF and the Fed NY have co-ordinated their efforts to provide technical assistance to the CBI to help in the reconstruction and development of the Iraqi economy.

A comprehensive initial training curriculum was defined and has been implemented between 2004 and early this year for staff of the CBI's Banking Supervision Department (BSD) and a series of joint workshops were delivered, covering all key banking supervisory issues.

The workshop in Bahrain is the first in a new series of training programmes.

It will be focusing on the practical implementation in the field of banking supervision as well as reviewing the actual work and outputs produced by the Iraqi supervisors, in order to give them feedback and guidance on how to improve their scope and their quality, both for off-site and on-site supervision.

'This programme is part of a series of successful workshops, which will further contribute to the training and education process of the Iraqi people,' said Ismail.

Another workshop on banking supervision was conducted successfully at the BIBF in June 2004.

Hundreds of companies take part in international fair in the north
Hundreds of companies take part in international fair in northern Iraq
12/11/2006
Source: Herald Tribune
Hundreds of companies from around the world looking for opportunities in Iraq took part Saturday in an international fair in this city in the relatively peaceful Kurdish north.

The fair, organized by the Iraqi American chamber of commerce, was inaugurated by Nechirvan Barzani, the prime minister of Kurdistan's regional government.

Some 370 companies from around the world including 50 from Germany and 24 from Italy, were taking part in the four-day conference.

Most of the companies specialize in infrastructure and construction, badly need projects that have been held up by unsafe conditions in Iraq and the U.N. sanctions regime before that.

Unlike the rest of Iraq, the three Kurdish provinces in the north are safe and tightly controlled by tens of thousands of local peshmerga militiamen.

The region became essentially autonomous and not under the control of Saddam Hussein after the 1991 Gulf War, when the U.S. imposed a no-fly zone over the region and kept Iraqi forces out. After the fall of his regime in April 2003 the militias secured the area despite some bloody attacks that left hundreds of people killed.

"I am very happy that that this international fair is being held on the land of Kurdistan," Barzani told The Associated Press after officially opening the fair.

"Whoever wants to invest in this region is welcome," Barzani said.

The executive director of the Iraqi American chamber of commerce, Raad Ammar, said the fair was being held for the second consecutive year in Sulaimaniyah.

"This fair shows that reconstruction conference can be held on our land and not abroad so that all Iraqis come and take part," said Ammar, who is an Arab.

Before 1991 the Baghdad fair that had been held annually starting in 1964 and drew exhibitors from an average of some 50 countries. It was one of the major trade shows in the Arab world.

Since then participation dropped as Iraq suffered under the 13-year crippling economic sanctions imposed in 1990 to punish Saddam for his invasion of Kuwait.

The last major fair to be held in Baghdad took place in 2002 with the participation of large number of foreign companies, including some western firms that came privately rather than under government sponsorship.

After the fall of Saddam Baghdad became too dangerous for foreigners to come and take part in fairs.

Maysan Governorate Council announced the opening of investment projects
Engineer Mohan What Shabib Chairman of the Construction and Development in the Maysan Governorate Council's readiness to provide the necessary facilities to investors in the province.

He added : we are ready to provide all the facilities for investors from the administrative and technical aspects in the field of transport and to take the necessary action after the completion of archives and special permits in order to encourage investment in this process, including the preservation of its resources and the data will contribute to bringing about a qualitative change in the reality of maintaining the the political and economic aspects.

Translated version of http://www.alsabaah.com/

the Chamber of Commerce and Industry Iraqi-American held a conference on investment in Kurdistan
An official with the Chamber of Commerce and Industry Iraqi-American chamber plans to hold its third of the investment under the banner of (investment in the Kurdistan region of Iraq. Prospects for present and future) in the city of Sulaymaniyah.


The official media in the room, Dr. Fouad Hani in a press statement that this conference will highlight the economic reality in Kurdistan and the size of the projects that have been implemented by the public and private sectors before and after the issuance of the Investment Law in the Iraqi Kurdistan region in addition to the presentation of future plans the ministries of the territorial government.
Fuad added that the conference will be the presentation of a working paper by an investment in the Kurdistan region to clarify the implementation of the law on investment in the province, and its submission of legal guarantees for investors and land titling, which will be held by an investment project with multiple areas of investment in various sectors and not covered Afaeat tax and customs.
He pointed out that the ministries of the government of the Kurdistan region will be working papers containing plans and future projects which seek to attract investors to be implemented in various sectors such as building and construction projects and public services and the work of the municipal water and sewage and roads and bridges and extension of electricity networks and advancement of a transport, communications and strategic planning for the Kurdistan region.
Mentioned that the Chamber of Commerce and Industry Iraqi-American had filed several conferences, such as the first on the sidelines of the first international exhibition of Kurdistan, which was held in September of last year the city of Erbil as well as the promotion of investment in the second Irbil.
Translated version of http://www.alsabaah.com/

Blessed are the Dinar Holders without internet. They bought into a dream and put it safely away.... I have several family members who have purchased, and they have no way of knowing the value until I tell them.

There are those of us who have become obsessed with this. We have forgotten our friends, family, even co-workers (checking here at work ) and have alllowed this investment to overpower our daily lives.

When it happens, it happens. We cannot "force" it, or "wish" it to happen (Yes, I watched the "secret" video)....

Farewell to all of you, I have decide to end my membership here and re-focus my life on what really matters.... My family!

Keep up the good work everybody! Try to be nice to each other!

The Mods have my e-mail, and when Neno sends me that long-awaited-you-know-what-happened message, I will return to find out where the reval party is!!

Until then, Best wishes to all!

Keep the Faith

Originally Posted by Gloribee

You may be correct, but would they not want a reval in place before hand-out? Many may not even bother to pick up the card at current rates, but if they knew it was worth, say 10grand US then everyone would head to the bank.

This is why I think a reval must take place before the hand-out, or at least the cashing in part.

Good analagy thou, shows your thinking.

It seems like to me that that there would be a mad rush to the banks if they R/V before the hand out. What I mean is, if they hand out the 10k and say it can't be redeemed until a certain date and then they r/v before that date then when the redeem date rolls around everyone holding the 10k notes I think whould make a mad dash to the bank.

I think I remember some one post the idea that they may use the 10k note hand out to get people to open a bank account and then when the r/v happens the banks can simply credit there accounts. I don't know.

Nov. 12, 2006 15:10
Iraqi PM urges leaders to work for unified Iraq
By ASSOCIATED PRESS
BAGHDAD, Iraq


Prime Minister Nouri al-Maliki lashed out at lawmakers in a closed-door session of parliament Sunday, ordering them to stop criticizing his government and instead declare their loyalty to a unified Iraq - not their religious sects or political parties, two members of parliament told The Associated Press.

Al-Maliki, who also said a government reshuffle was in the works, was responding to questions by lawmakers during the more-than one-hour closed session.

In a statement afterward, al-Maliki's office said he used the meeting to outline the political and security situation in the country and plans for bring stability to the country.

It said al-Maliki "called for a comprehensive Cabinet shake up suitable with the current period."

I'm back after a self-imposed hiatus of nearly 10 days and briskly gone through tons of pages only to find out that this blimmin' thing hasn't revalued as yet! As much as it is disappointing, during the hiatus in Qatar I found lots of positives that Iraq could choose to take on board. Whether the people in charge wish to make a difference to the Iraqis is a different story altogether. As someone who has travelled a fair bit in the Middle East, most countries do an awful lot for their citizens in terms of financial incentives and a share in their oil revenues. With Iraq, the policy of putting its citizens first via an economic resurgence seems to be last on their priority list.

Qatar, which is 40 times smaller than Iraq in land size, occupies 13th place in the list of countries with proven oil reserves and a look around its country is testimony to the riches that this country possesses and bestows on its citizens.
http://www.infoplease.com/ipa/A0872964.html

Qatari citizens are now the 2nd richest in the world in the context of per capita incomes. I don't as yet have a link to this but this was posted in the Gulf News daily in Qatar last week. Their exchange rate is 1 USD = 3.65060 QAR. Iraq, with 4th biggest proven oil reserves in the world and natural gas, have a lot more going for them that Qatar though the current political and security climate in Iraq is not allowing them to be as prosperous as other Middle Eastern countries. It remains to be the same whether the Iraqi heirachy is as keen as its neighbours to make the most of their rich resources and grant its citizens the prosperity and peace they deserve.

I think it's worth remembering to have a sense of realism in terms of our hopes and expectations. This will happen. No one knows when it will happen. Let's not kid ourselves that anyone on here knows someone who might know a date for this thing. Rumours are just that....rumours and are to be taken at face value. We are in a phase that has witnessed lots of progress and great news. However, every little detail is exaggerated. Just because someone has a differing view, it doesn't make them a negative person. Everyone would love to see this happen but don't be swayed by people who profess to think this would happen on so and so date. Gut feeling and common sense have never been the prerogatives of Iraq so its unwise to accept any logical steps from them.