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

The highlighted areas below confirm what many of us suspected and were ridiculed by non-investors for even suggesting. ALTHOUGH VIOLENCE IS AN EXTREMELY IMPORTANT ISSUE...MONEY TALKS AND WILL NOT STOP BIG OIL INVESTORS.

DNO sees bigger Iraq oil discovery
Posted: Tuesday, November 14, 2006

Norway's DNO, the first foreign oil firm to drill in Iraq after the invasion, said its oil discovery in north Iraq is bigger than expected and confirmed production would begin in early 2007.

Shares in DNO jumped by as much as 5.6 per cent in early trade as investors cheered plans to launch production in the first quarter of 2007 despite Iraq's sectarian violence and uncertainties over rights to tap its oil riches.

DNO said the Tawke 2 well in Kurdish-controlled northern Iraq has tested 3,840 barrels of oil per day, confirming a western extension of its Tawke oil discovery.

'Preliminary results from the well indicate increased reserves,' DNO said in a statement.

DNO chief executive Helge Eide said the company would start production at two of its three wells in the Tawke discovery.

'We are now (planning to) start two of the three wells, so it (daily production) would not be far from 10,000 barrels, but we will not say anything exact now,' Eide said.

DNO also said it was in a process of finalising an agreement with the Kurdistan Regional Government to increase its working interest in the production sharing agreement by 15 percentage points to 55 per cent.

In return for the bigger stake, DNO would provide all of the funding of the project costs, the company said.

DNO, whose main production operations are in Yemen, has a market capitalisation of around $1.8 billion.

'The results from Tawke 2 are very encouraging and confirm the robustness of the Tawke development,' Eide said in a statement.

'We are on schedule to achieve our important near term target to produce the first oil from Tawke during the first quarter of next year,' he said.

A press statement received by the Prime Minister, Mr. Nouri Al-Maliki

(Voice of Iraq) - 11-15-2006
This issue was sent to a friend

The name of God the Merciful
The Republic of Iraq

Prime minister
Media Bureau

Wednesday 15 / 11 / 2006
Press statement

Prime Minister Nuri al-Maliki in his office official in Baghdad today, Slovenian Prime Minister Janez Jansa and his accompanying delegation, been in the meeting and discuss ways and means to develop bilateral relations between the two countries in various areas, The President directed that the new government in Iraq is to build relations of friendship and respect with all countries that wish to strengthen relations with us.

He added that Iraq's sovereignty was looking forward to developing trade and economic relations with Slovenia, in addition to political cooperation, , as well as cooperation in the field of rehabilitation officers and armament to enable Iraq to build its military capabilities, It also looks forward to a good relationship with the European Union, saying Slovenia chair of the European Union in 2008 a good opportunity to develop relations between the two sides. And Mr. Prime Minister, that the forces, parties and organizations in the country agree on a solution to halt the conflict, the majority unanimously agreed that the political agreement is the best solution for the problem of security.
And here, Slovenian Prime Minister Janez Jansa, Mr. Prime Minister, to democratic elections, the choice of prime minister and the reforms undertaken by Hakomhamadiva : Slovenia will remain supportive of Iraq as the European Union is aware that stability in Iraq is important for the stability of the region and, therefore, it is important to the security of Europe.

Mr. Jansa said that his country is looking forward to the signing of the cultural ties with Iraq, pointing out that one of the most important priorities of Slovenia, as part of the EU, is to encourage dialogue between civilizations and religions. The Slovenian guest invited Mr. Prime Minister to visit his country. where thanked the Prime Minister for the invitation and promised to perform.

Hey guys, I need to get some confirmation on this.
I don't know if it's my computer or if this is from the CBI site.

From what I am seeing the history file starts at April of 2006, and goes to November of 2006, August, and October are missing also.
Does anyone else see the same?
I remember it going back much further than that only a few days ago. Did they alter it, or is it just my computer?

Thanks, -Treater

The history PDF file: http://www.cbiraq.org/C.B.I.%20FOREI...20AUCTIONS.pdf

Originally Posted by Caddieman

Sorry but I don't get the numbers. You are saying that the CBI has taken out 1 trillion in just one week of sales, and those sales totaled about 370,000.00 But we have had 806 auctions to date. If you take a very Conservative estimate of 25,000.00 a sale since inception you get 20,150,000.00 sold. That comes out by your numbers as 54 trillion taken out of circulation. Can you explain that? And before every one jumps on my case I am just asking a simple Question that I don't understand. Wm. Knowles is a much more learned man than I. The numbers just don't add up for me.

This was what i was trying to get at in a very polite way yesterday !!

GRC hosts political reforms workshop in Beirut

--------------------------------------------------------------------------------

15 November 2006 (AME Info FZ LLC)
The Dubai-based Gulf Research Center (GRC), in cooperation with Washington-based Carnegie Endowment for International Peace, will host the third workshop on political reforms in the Gulf Cooperation Council (GCC) countries in Beirut on Thursday, November 16.

The event - 'Identifying Drivers of Political Reform in the GCC Countries' - coincides with the Carnegie institute opening its new Middle East Center in the Lebanese capital. The workshop will be attended by regional and international scholars and experts, who will discuss recent developments in the region and their impact on the overall process of political reform.

The participants will focus primarily on the domestic factors driving the reform process, how far they have progressed in different countries and how the transformation is likely to unfold in the short and medium terms.

The deliberations will also consider the impact of external factors - the Iraq crisis, the possible shift in the US democracy agenda under a US administration that has suffered serious setbacks in the mid-term elections, and possible roles by other European and world bodies - as well as provide an insight on economic networks financing ruling elites and civil societies.

The workshop also aims to draw comparative lessons among the experiences of the GCC countries, as well as put forward ideas to reinforce the political reform process by strengthening civil society organizations.

The first and second GRC-Carnegie meetings in 2004 and 2005 made an important contribution to the understanding of the reform process by discussing the broad issues that affect political transformation in the area.

Sorry if this is a repeat....

Voices of Iraq: Iraq-Currency
Posted by: saleem on Wednesday, November 15, 2006 - 12:29 PM

Iraq-Currency
Highest dinar rate to dollar in 2006-Central Bank
Baghdad, Nov 15, (VOI) – The Iraqi dinar scored on Wednesday its highest exchange rate through year 2006 at the Iraqi Central Bank daily auction , fetching 1,455 dinars compared to 1,460 dinars in the previous session.
Demand was up to $64.960 million from $62.540 million on Tuesday, the bank said in its daily statement.
The bank covered bids which were $27.350 million in cash and $37.610 million in foreign transfers.
None of the 19 banks participating at Wednesday’s session offered to sell dollars.
On Tuesday, Mr. Ali al-Yasseri, exchange company owner, told the independent news agency Voices of Iraq (VOI) the Iraqi central bank adopted “ a series of tough measures to bring down inflation.”
The measures included, among others, offering selling dollars with higher dianr exchange rate against dollar, he added.
Iraq-Currency :: Aswat al Iraq :: Aswat al Iraq

Originally Posted by Treater

Hey guys, I need to get some confirmation on this.
I don't know if it's my computer or if this is from the CBI site.

From what I am seeing the history file starts at April of 2006, and goes to November of 2006, August, and October are missing also.
Does anyone else see the same?
I remember it going back much further than that only a few days ago. Did they alter it, or is it just my computer?

Thanks, -Treater

The history PDF file: http://www.cbiraq.org/C.B.I.%20FOREI...20AUCTIONS.pdf

Mine starts Jan '04 and still shows Aug '06 and Oct '06 missing.

Originally Posted by shotgunsusie

where have you been?? lol
this was pages ago,, were havin a good news flood!!

...grabs kiko's arm and starts dancin around forum...

Yep, I know I know.

Had to do some day job and then some things slips your mind with all this info coming out.

But hell all the news brings the same:

WE ARE GONNA BE RICH!!!!

Originally Posted by Vipor

Mine starts Jan '04 and still shows Aug '06 and Oct '06 missing.

TY, can you tell me (if you dont mind) when the last time the CBI history shows the rate at or below 1455, since I cant see it? TY

Originally Posted by H2O_Lover

This was what i was trying to get at in a very polite way yesterday !!

before the CBI sold dinar as well so not much dinar was taken out of circulation, but now their taking major amounts of dinar out of circulation. The CBI is taking but not giving at this point.