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

Originally Posted by CharmedPiper

Hey guys can somebody check this site for me, it won't come up again for me. Just wondering if on my end. Thanks.


http://www.ameinfo.com/cgi-bin/cms/page.cgi

Works for me.

Has anyone heard this morning what the black market street rate for the dinar is. Looks like black market will pull street business away from CBI.

Oil Infrastructure Reconstruction on Track
04 December 2006 (News Blaze)

Since Saddam Hussein's fall in April 2003, the U.S. Army Corps of Engineers has worked hard to return Iraq's oil industry to levels of production it once enjoyed. The work is nearing completion.
Officials from USACE's Gulf Region Division met Saturday with members of the media to discuss progress on several oil rehabilitation projects throughout Iraq.

"Our mission is to serve the people of Iraq by repairing, rebuilding and enhancing existing oil system components throughout the country to restore oil production capacity to pre-war levels," said Navy Capt. Rich Fritzley, GRD's sector lead for oil.

The total oil industry reconstruction program has several goals before the Corps of Engineers will be satisfied their work is complete, Fritzley said. The first goal is to increase crude oil production capacity to 3 million barrels per day. Other goals are to increase natural gas production capacity to 800 million standard cubic feet per day and to increase cooking gas production to 3,000 tons per day.

"Our budget for all projects is just over $1.7 billion, and we've spent $1.2 billion as of November," Fritzley said. "I feel very confident that when we finish this project in May 2007, we will have achieved our goals."

GRD's oil reconstruction program is comprised of 186 individual reconstruction projects, Fritzley said. Of that number, 96 have been completed. The remaining 90 projects are set to be finished by May.

Reconstruction projects have already had a giant impact on Iraq's oil industry, Fritzley said. As of last month, he explained, crude oil capacity is only 500,000 barrels per day below its goal of 3 million per day. Natural gas capacity is 200 standard cubic feet per day off of its goal of 800 standard cubic feet. Cooking gas production is still 1,600 tons per day behind its production goal of 3,000 tons.

Fritzley told reporters the production shortfalls, especially concerning cooking gas, would be remedied as more and more production facilities are rehabilitated and come on-line.

The effort to boost cooking oil production to 3,000 tons per day is itself a $136 million project that has been under way since February. It is scheduled for completion in May, but Iraqi citizens should see more cooking oil coming their way over the next few months, Fritzley said.

Fritzley described some of the key projects that will continue to get Iraq's oil industry up and running.

One of them is a $71 million project to install pipelines across the Tigris River, plus three canal crossings. The project was completed in June.

"Completion of this project was critical to restoring Iraq's oil export capacity, as well as helping to ensure continuity of crude oil supply to national refineries," Fritzley said.

Other key projects include rehabilitating oil wells, refurbishment of the oil export terminal near Basrah, repairing gas oil separation plants, compressor stations, water injection facilities and training oil workers.

Oil Infrastructure Reconstruction on Track | Iraq Updates

Originally Posted by Adster

Works for me.

Thanks for checking it just now came back up for me..probably just doing a little maintenance.

Monday, December 4, 2006

1 Iraqi Dinar = 0.0007319 US Dollar
1 US Dollar (USD) = 1366.30 Iraqi Dinar (IQD)

Learn about the new Iraqi Dinar
Median price = 0.0006728 / 0.0007319 (bid/ask)
Minimum price = 0.0006728 / 0.0007319
Maximum price = 0.0006728 / 0.0007319

FXTrade: Online Currency Trading with OANDA FXTrade.


FXConverter - Currency Converter for 164 Currencies164 Currency Converter © 1997-2006 by OANDA.com.

Originally Posted by ozizoz

I just want to say thanx to everyone for the kind thoughts. Dont worry about me, Im over her. A few months back I was pretty messed up, but I am looking forward to showing up at her work with a briefcase with 1 mill USD inside just to show her never to doubt a dreamer

Everything happens for a reason . . .just like all of us hearing about this nutty thing called Iraqi Dinar. Sh!te happens, and we can only play the cards we get dealt. . . .I have three of a kind looking for the quads on the river

Don't forget the Ferrari Testarossa. Plenty more fish in the sea.

Originally Posted by shotgunsusie

dont think that everybody isnt trying to 'get theirs' along the way here, including these currency exchanges. i see it coming from all directions. the only dinar related place i dont get that from is right here and in fact, adster gives dinar away here! lol

Sure, do, generous bloke that I am! Look for the next clue in 45 minutes folks.

Originally Posted by kiko

Oil Infrastructure Reconstruction on Track
04 December 2006 (News Blaze)

Since Saddam Hussein's fall in April 2003, the U.S. Army Corps of Engineers has worked hard to return Iraq's oil industry to levels of production it once enjoyed. The work is nearing completion.
Officials from USACE's Gulf Region Division met Saturday with members of the media to discuss progress on several oil rehabilitation projects throughout Iraq.

"Our mission is to serve the people of Iraq by repairing, rebuilding and enhancing existing oil system components throughout the country to restore oil production capacity to pre-war levels," said Navy Capt. Rich Fritzley, GRD's sector lead for oil.

The total oil industry reconstruction program has several goals before the Corps of Engineers will be satisfied their work is complete, Fritzley said. The first goal is to increase crude oil production capacity to 3 million barrels per day. Other goals are to increase natural gas production capacity to 800 million standard cubic feet per day and to increase cooking gas production to 3,000 tons per day.

"Our budget for all projects is just over $1.7 billion, and we've spent $1.2 billion as of November," Fritzley said. "I feel very confident that when we finish this project in May 2007, we will have achieved our goals."

GRD's oil reconstruction program is comprised of 186 individual reconstruction projects, Fritzley said. Of that number, 96 have been completed. The remaining 90 projects are set to be finished by May.

Reconstruction projects have already had a giant impact on Iraq's oil industry, Fritzley said. As of last month, he explained, crude oil capacity is only 500,000 barrels per day below its goal of 3 million per day. Natural gas capacity is 200 standard cubic feet per day off of its goal of 800 standard cubic feet. Cooking gas production is still 1,600 tons per day behind its production goal of 3,000 tons.

Fritzley told reporters the production shortfalls, especially concerning cooking gas, would be remedied as more and more production facilities are rehabilitated and come on-line.

The effort to boost cooking oil production to 3,000 tons per day is itself a $136 million project that has been under way since February. It is scheduled for completion in May, but Iraqi citizens should see more cooking oil coming their way over the next few months, Fritzley said.

Fritzley described some of the key projects that will continue to get Iraq's oil industry up and running.

One of them is a $71 million project to install pipelines across the Tigris River, plus three canal crossings. The project was completed in June.

"Completion of this project was critical to restoring Iraq's oil export capacity, as well as helping to ensure continuity of crude oil supply to national refineries," Fritzley said.

Other key projects include rehabilitating oil wells, refurbishment of the oil export terminal near Basrah, repairing gas oil separation plants, compressor stations, water injection facilities and training oil workers.

Oil Infrastructure Reconstruction on Track | Iraq Updates

It seems they have increased their oil production since the last figures we received with more increases expected. At 3MBD things began to really get interesting. At that level they become a major player in the world oil market producing about 10% of the worlds daily consumption. A BIG deal. Thank you. As stated earlier, they are already rich and as SGS says, Many good things are coming at this issue from all directions. expect more to come. Thank you

The Republic of Iraq
Council of Ministers-the governmental communications
Media Relations
Press Release Press release /
Monday, 12-4-2006

The Ministry of Planning large proportion allocated for the development of regions within the budget for next year

The Ministry of Planning and Development Cooperation on the plan for the development of territories and developed after inclusion in the budget of 2007 for the advancement of their realities and the activation of the economic activity in the provinces.

The Musdrvi ministry has been allocated large amounts of money in next year's budget for this purpose and that this is consistent with the decentralized approach in the management of resources for regional development role in creating Ntmih balanced spatial distribution through investments in the various provinces and territories.

He said this trend aims to promote comprehensive development in all its political, economic and social development in order to raise the standard of living of the population and the development of the various regions that have suffered from deprivation and lack of services.

He added that the ministry is working in coordination with the provinces to select the projects according to priorities required by the necessary stage in each province and the organization of work in order to avoid repetition and duplication between this project and other projects Alesthtthmarih implemented by sectoral ministries.

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It seems to me we are going to see the dinar reval similar to a company that has a great product with a low stock price. It will rise in value then sell off some then rise again until it reaches its true value. Is this the case or will it get to a value and or predicted quantity in circulation and then the central bank will increase the value to lets say a dollar. Any opinions on these two ways of a dinar revalue.