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

The first political : A new law gives the central government control over the distribution of oil wealth.

Baghdad-Sabah
American officials said the Iraqis that the Iraqis are about to sign an agreement on the oil wealth, which gives the central government the power distribution of oil imports present and future provinces and regions according to population density.

The New York Times reported that the draft agreement, if ratified, will replace one of the biggest differences that stand in national reconciliation efforts, it is possible to stop the wheel.The ongoing violence.
The fact that the achievement of the newspaper says the agreement gives Iraq the chance to encourage investors to develop the oil industry and increase the country's imports.
And think of Iraqi officials and American ways to pass laws to prevent the production problems and differences between regions and areas rich in one hand and the central government on the other hand for the purpose of giving opportunity to all export contracts according to the rule of equality, justice and priority areas and regions need of money for the contracts.
The law gives the element of force to the central government in the future in terms of the distribution of imports to the governorates, and gives regional authorities the right to benefit from some of the imports of export.
The newspaper said that the negotiators agreed on the issue of the central government's control over the distribution of wealth.
The Commission of the negotiators and ministers, experts and politicians from all segments of Iraqi society representatives attending anyone else.
The newspaper quoted American officials as saying that the Kurds negotiators insisted at the outset to grant authority to control Territories
The resources and distribution of oil in the future according to population density and the impact of the Territory's population crimes tyrant Saddam during his rule, which lasted until the spring of 2003, but that officials Kurds free later on, according to a statement Barham Salih Iraqi Deputy Prime Minister of Public Service and the President of the Kurdish group in the negotiations, who said that the Kurds lies in the agreement on the law to benefit from decades of foreign investment, which would cover the country.
According to the Los Angeles Times that the volume of American Iraq's oil reserves of 115 billion barrels of oil contains southern Iraq on 65% of it.
The newspaper said that the new law reintroduced the National Oil Company to life, the company which was founded in the last days of a leader Abdel-Karim Qassem and started operations in 1964 until 1987, when the leader of the former regime by working version of the oil company SOMO.

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Originally Posted by kiko

WWWWWEEEEEEEAAAAHHHHHH!!!

Charmed, Susie & others, great articles that you sherlock holmes find.

That HCL is done and they are passing it. Like Susie said, I think they need this week to get it done and then the train will arrive at the station.

This will be a nice week to watch with everything going on.

Neno, you are right this is getting more exciting every day now!!

Is there an article I can read that says the HCL has passed?

The first political : Oil source : more than $ 11 billion Iraq losses

Because the pipeline transportation and wells to sabotage
-Tariq Al-Araji
The losses resulting from the exposure of Iraq's oil export pipeline through northern outlets to sabotage wells in addition to the bombing of more than $ 11 billion since the beginning of 2004 until the first half of this year amounted to a suspension of export via the North for the same period the year and eight months due to the above-mentioned operations.

An official source at the Oil Ministry told (morning) : The export pipelines are constantly sabotage operations to lead to the paralysis in the export via the North, with a total export of days nursing the northern outlet because of sabotage to a period of 2004 until the first half of 2006 (651 days) and the equivalent years and eight months.
He added that those breaks led to the loss of Iraq's export revenues amounted billion (8) and the 600th and seventy-six million dollars, adding that this was based on the energy export to Iraq of this outlet, which is estimated (300) thousand barrels per day, depending on the rate of net Iraqi crude each year.
The source pointed out that these pipelines and oil installations in the northern region and unfitness United discharge crude oil to the southern outlet so as to damage the system, which led to deprive Iraq of the possibility of pumping amounts to 410 thousand barrels per day through strategic line south.
The source explained that the estimates of losses for 2004, which amounted to the total number of days breaks are 187 days amounting billion, seven hundred and seventy-two million dollars In 2005 the total days that have been stopping by 284 days and caused financial losses estimated three billion meters, seven and seventy million dollars, adding that sabotage operations increased rates during the first half of the year as they hit the days when it ceased pipeline from the export of 180 days, causing a loss of Iraq of three billion and Twenty-six million dollars.
The source said that in addition to the losses mentioned above, there are other losses estimated at more than three billion dollars annually, resulting from the bombing of oil wells and refineries crude processing lines and pipelines to transport products and the loss of crude oil, and other products.
According to the source, the terrorist elements also targeted oil wells impacted negatively on the increase in the volume of production in these wells, such as attacks on the United immediate well-head and placing explosives at the sites of some of the wells as happened in the Khabaz field of the North Oil Company, thereby hindering the drilling and completion of this poll or sabotage of wells and pipelines that transport crude oil from the well-head to gas stations to isolate.

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I think this week is gonna be full of dancing banannas...

Originally Posted by Christmas1971

Is there an article I can read that says the HCL has passed?

in the history thread you will find several articles which state that it indeed was passed by parliament and then was given to talibani to be ratified and enacted. he ratified it and when it is posted in the official gazette it will be officially enacted.

Originally Posted by shotgunsusie

in the history thread you will find several articles which state that it indeed was passed by parliament and then was given to talibani to be ratified and enacted. he ratified it and when it is posted in the official gazette it will be officially enacted.

Thanks SGS

But do we know when it will hit the gazette?

Economic : Director : distribution of oil products in Babylon : The inability to maintain the processing of 90% of gas oil And 50% of kerosene

Imad Al - Babel
Fuel crisis cast a sombre shadow on the street where Babylonian across a number of citizens in their statements to Al-Sabah on the status of resentment because of delays in the distribution of kerosene, particularly as the winter season entered solving cold and promises officials since the summer season has not been implemented and we are in dire need of this article required by each house, he said the citizen

Hamed Karim Mansuri : that the current crisis witnessed by the Babylon governorate took's misgivings among some citizens who are awaiting their share of article paraffin for use in heating especially since the start of the cold season solution a month ago therefore we call on the officials in the handling of this crisis and the renunciation of red tape of the question of processing either the citizen Adel Mohamed Taleb from one of the villages in the area (Abu the sinking of) said : that the his village made up of 150 beta not processed so far It stated that the citizen has to paraffin longer article fuel Chairperson of in the process of cooking and heating in we read the sources confirmed citizenship the morning of Hamza - Jabburi, Al-the need to speed up the processing families have to this article especially as most families have, I waited a lot for received its quota Although it is audits recurrent of the officials in doing so.

In order to know the reasons for the crisis we met the manager of the branch of the distribution of oil products in Babylon Eng hailed Fadel which he, in turn, the deficit ratio in the amount of oil and gas amounted to 90% and kerosene 50% was attributed to the interruption importer of petroleum products in those articles, which led to reduced processing article kerosene from 220 liters to 100 liters and half the quantity of a substance gas oil assessments for cars large and small alike in the fuel stations. The manager of the branch of Babel that the liquidator of Najaf, which are expected to reach capacity actual liquidation has 10000 barrels per day is a small amount compared to the actual need of Najaf, which is still supplied from the company branch as liquidator of Najaf does not work as efficient as required and that depends on the work currently stressing on the importance of establishing a strategic oil projects contribute to the stability of the general situation.

To take expel the case Economic expert Jawad al-Bakri of the College of Administration and Economy at the University of Babylon to a rise in the prices of some oil derivatives, reflected its negative impacts on some Asarsala as happened in the last few weeks, which led to discuss citizen on alternatives to the rule kerosene to satisfy his need of heating and these alternatives are Almedfouat electric and gas as increased demand for the two types of fireplaces and before scarcer clear in electric power led to an increase in gas consumption and prices according to the principle of economic (increase demand for commodities alternative).

He added that the negative effects go to the high cost of transporting foodstuffs (in the case of a crisis kerosine), which add to the cost of new commodity prices, which lead to the exhausted citizens in the process of spending.

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Originally Posted by Christmas1971

Thanks SGS

But do we know when it will hit the gazette?

how could we possibly know?

Number of banks 10 -----
Auction price selling dinar / US $ 1422 -----
Auction price buying dinar / US $ 1420 -----
Amount sold at auction price (US $) 14.830.000 -----
Amount purchased at Auction price (US $) 1.000.000
Total offers for buying (US $) 14.830.000 -----
Total offers for selling (US $) 1.000.000

Goooooooooooooood Morning RolClub !!


Lets keep this snowball a rollin'

The dinar to the dollar is down 2 more points today from 1424 to 1422 and another $13,830,000 (net) worth of dinars, (19,266,260,000) out of circulation with 10 banks participating. Fewer banks participated today, that puts our grand total of dinars withdrawn from circulation as of the 23nd auction since the beginning of CBI's reval plan to: 1,160,999,607,000.
We are now 40 days into the CBI's reval plan.

When this things hits,

"I'm going someplace where the beer flows like wine, and the women instinctively flock, like the salmon to Capistrano. I'm talkin' about a little place called, ASPEN"

Economic : Tighten security measures to prevent oil smuggling

An economic report
Baghdad-Sabah
The Iraqi government declared war on traffickers oil derivatives. In this context, recent reports in the past two weeks to control the Iraqi police in Basra for the two trucks were carrying kerosene smugglers.

Earlier, Iraqi police passed on a number of smugglers while the transfer of large quantities of fuel to the ship at the port in southern Iraq, and resulted in the deaths of five smugglers and two policemen.

The process that took place in October in the port of southern Iraq was one of attempts by the security authorities to prevent the smuggling of petroleum products to neighboring countries, practices which cost the country's economy millions of dollars annually, according to the Associated Press.

He said a spokesperson for the Ministry of Iraqi oil : "The most challenges facing the Iraqi Ministry of Oil gravity is the smuggling of oil derivatives and terror, which is damaging the economy of the country and hinder development."

The spokesman estimated the losses Iraqi economy some $ 700 million dollars a month by smuggling operations, which were carried out by the purchase of oil derivatives from the government and are smuggled across the ships or trucks to Jordan, Syria, Kuwait, Iran, United Arab Emirates, and then re-exported to Iraq at higher prices.

He claims specialists that the most important reasons the smuggling of fuel due to the exploitation of smugglers for the support provided by the Iraqi government of the oil products, where government sells those derivatives to citizens at less than the purchase price.

Although Iraq is the third largest country in the world that has oil reserves, but the government

Iraqi forced to import oil products to meet domestic demand.

Many factors caused the decline in the production of oil derivatives in Iraq, such as prescription refineries and terrorist attacks on the infrastructure of the major oil installations such as pipelines.
It estimated the Iraqi Oil Ministry, in September, spending on the import of oil products during the four months was $ 800 million.

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