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

Originally Posted by OICU812

FYI

My opinion hasnt changed , i know some people who have been buying from online dealers and was wondering if there was a significant difference in cost by purchasing directly from a bank. I still believe the dinar will start losing value shortly and nothing major will develop for years to come, lets face it Iraq is a hell hole

I CANT STAND IGNORANCE SO YOURE ON THE IGNORE LIST.
YOU HAVENT READ ANYTHING HERE HAVE YOU????
OR SHOULD I SAY, YOU CANT READ CAN YOU????

Waiting for oil





December 2006
Oula Farawati looks at what is impeding the flow of oil to the Kingdom months after Jordan and Iraq signed an oil agreement.
Iraqi and Jordanian officials have voiced concern that the security situation on the highway route between Amman and Baghdad would impede tankers carrying much needed oil, especially that the long desert route is not well-patrolled.


Mid-November, the pro-government Al Rai daily, quoting official sources, said that Iraq would start transporting oil to Jordan within two days. It quoted sources as saying that 1,370 tons of oil daily will be transported via tankers owned by the Iraqi-Jordanian Land Transport CompanyIraqi-Jordanian Land Transport Company. "Jordan and Iraq have agreed on a barter mechanism for payment through which Jordan will be paying for oil by exporting much needed commodities to Iraq. The oil was calculated on a preferential price agreed upon by the two countries," the sources had said. Oil supplies for Jordan would come from Biji, 180 kilometers north of Baghdad. The area has the country's biggest refinery with a daily production of 200,000 barrels per day.

However, shortly after publication, the government announced that transportation was still too dangerous. Iraq and Jordan signed the agreement during a visit last August by Jordanian Prime Minister Marouf Bakhit to Baghdad. The two countries are still discussing laying a pipeline between them.


"It is still too difficult...all has to wait until a mechanism is in place...we cannot jeopardize lives and resources," one official source said.


Other sources said the inability of the Iraqi government to supply the oil was also due to internal differences between the government and the State Oil Marketing Organization (SOMO)State Oil Marketing Organization (SOMO). Iraqi oil supply to Jordan was disrupted after the start of the war on Iraq, prompting Jordan to temporarily rely on oil grants from Saudi Arabia, Kuwait and the United Arab Emirates, which were also stopped last year. Since the 1991 Gulf war, Baghdad has been exporting around 80,000 barrels of crude oil per day to Jordan, part of which are charged at market prices and the rest at undisclosed concessionary terms. It also supplied Jordan with fuel oil, gas oil, lube oil and the accord has been exempted from the United Nations trade sanctions imposed on Baghdad for its 1990 invasion of Kuwait.


Meanwhile, Ministry of Energy and Mineral ResourcesMinistry of Energy and Mineral Resources said in November that it had completed marketing of all oil exploration areas in the Kingdom.


In a statement, the ministry said that it had signed seven agreements and memoranda of understanding with National PetroleumNational Petroleum, Petrel ResourcesPetrel Resources, Global Petroleum, INA, Sonoran, Transglobal and Falcon Petroleum.


The ministry also granted National PetroleumNational Petroleum a 50-year monopoly to extract natural gas from al Reisha field.

To tap the 8,750-square kilometer Sharq al Safawi area, which is located northeast of the capital Amman and believed to have oil potential, the ministry is negotiating with Irish oil company Petrel ResourcesPetrel Resources.


Global Petroleum has studied the 8,850-square kilometer Gharb al Safawi area and is expected to start exploration there once Jordan's Lower House of Parliament approves the memorandum of understanding the company has signed with the ministry. As for the Croatian firm INA, the ministry said it will sign an agreement with the oil company to study the Northern Heights area.


In addition, "six companies have submitted bids for a tender in Al Sarhan area," the statement said. The tender closed on November 19, but the winner has yet to be announced.


The government had already signed an agreement with American company Sonoran Energy to explore for oil in Al Azraq area. The agreement was returned by the Lower House of Parliament to the ministry after deputies objected to some of its articles. The agreement is expected to be resubmitted to the House when it reconvenes in the coming few weeks, pending a Royal Decree.


Transgloabal's Dead Sea exploration ends in August next year, but no tangible results have been made public so far. "Falcon Petroleum also expressed interest in studying the Al Jafer Area, which also has oil potential," the statement said.


According to the Natural Resources Authority (NRA)Natural Resources Authority (NRA), to date, the petroleum resources of Jordan have not been adequately tested. "There are numerous oil and gas shows throughout Jordan , even in wells that are not located on valid structures, and there is an abundance of surface indications of hydrocarbons in the form of seeps, asphalt impregnations, and near surface deposits of rich oil shales," according to the NRA Web site.


Oil was discovered in and produced from reservoirs in the 1980s in Hamzeh oil field and the Azraq basin, yielding up to 600 barrels per day.New insights into the subsurface geology of Jordan, gained by recent seismic work and reprocessing of old seismic data, reveal the existence of deep basins with attractive structural styles that are essentially untested.


© Jordan Business 2006

Originally Posted by fsndirector

This is a super article, I hope it hasn't been posted before. It shows what is really going on.
THE BOOM OUTSIDE BAGHDAD By AMIR TAHERI - New York Post Online Edition: Seven

Great Find. Highly recommend for others to read.
THANKS!

Renegades in Uniform





26 December 2006
Basra's Jamiat police station was a place of terror during Saddam Hussein's dictatorship. In the wake of the US-led invasion there was widespread rejoicing as angry crowds attacking the most notorious monuments of the hated regime trashed much of the building. Tragically, however, Jamiat once again became a byword for savagery by policemen who ought to have been protecting, not persecuting, the public they were hired to serve.


Until yesterday, the Jamiat precinct house was the headquarters of Basra's Serious Crimes Unit, a police formation with a fearsome reputation as a thuggish death squad. It is now a pile of rubble. The British Army stormed the building allegedly to stop the execution of some of the 127 prisoners held there, many of whom had been tortured and abused. On Friday, seven commanders of the Serious Crimes Unit were seized in dawn raids. Yesterday more members of the unit were detained. The prisoners they were said to have been abusing were transferred to other police stations.


Many Basra citizens of various backgrounds will probably be pleased that a thuggish organization that brought the forces of law and order into disrepute has been destroyed in such a spectacular manner. There will also however be anger that the British allowed this police unit to establish such a merciless hegemony, not only over the luckless people of Basra but also over other police formations. The British are after all still responsible for security. They had selected and trained the new police officers who replaced Saddam's disbanded units. They have also long been aware of the renegade nature of the Serious Crime Unit. It was members of this squad who last September seized two British soldiers, believed to be members of the SAS. A British raid on the Jamiat police house freed the men.


The British have effectively ceded day-to-day control of the streets to rival Shiite factions who have been battling each other for power. But the Serious Crimes Unit remained in their sights after the September incident. The planned executions gave the British the opportunity to settle the score. Unfortunately, it seems highly unlikely that this is the start of a coordinated drive to break the power of the militias, in and out of uniform. Fully 1,000 troops were used in this operation -- almost a seventh of the total British presence in southern Iraq. This was almost certainly a special operation, mounted to remind Basra's warring factions that the occupation force still has teeth.


The long-term effect on security in Iraq's second largest city must however be doubted. Rival militias will seek to fill the space occupied by the murderous bullies of the Serious Crimes Unit. Decent policemen who wish only to serve their community will still be exposed to threats and malign influence.


The tragic truth is that the British, despite their more subtle approach than the Americans, have allowed the security initiative to slip away from them. There is now very little they can do to protect ordinary Iraqis from the militia warlords.


© Arab News 2006

hmm another art

الدولارThe dinar will continue to rise against the dollar

بغداد - متابعة المواطنBaghdad-up to the citizen
price of the dinar has risen against the dollar in the auction the Central Bank of Iraq on Tuesday for the 28th respectively. The sale price of the dollar in an auction today Dolaraloahd 1338 dinars to 1345 dinars after Monday. The quantity sold declined significantly from the dollar to reach two million and 700 thousand dollars yesterday after it was 16 million and 450 thousand dollars. The Central Bank bought three million and 820 thousand dollars, at 1336 dinars to the dollar. The number of banks participating in the auction today of five banks after the six banks yesterday. He said Abdul Razak as far as economic expert said that the arrival of the exchange rate in the local market as a precautionary measure exceeded the decline in the Central Bank, which generated a great slump in the demand for the purchase offers for the sale of many
جريدة المواطن العراقية

Originally Posted by Mike5200

SGS - I was just at CBI website and can"t find this -what part of the site do you see it on? ( BTW Secret Key who is lurking here took your post to the other place and is now being asked the same question)

how about the mods doing something about the ip numbers of the people who continuously sponge our material coz they are too lazy to get their own???

do we need to discontinue to post to stop it???

Originally Posted by fsndirector

Ali from "DinarTrade" Told me 5 minutes ago that the Dinar is on fire and his price is now $960.00 plus cod charges and he has had to suspend sales today to catch up with all of the orders.

And he ain't lying...



You did say dinner right? j/k We know it's hot.

dont stop posting susie they need some truth baddly over there !!!

Iraq كياPumps 150 thousand barrels of Turkey

London, December 27 December / Reuters /-shipping industry source said today, Wednesday, that Iraq is pumping about 150 thousand barrels of Kirkuk crude oil from the crops in the north to Turkey since yesterday, Tuesday, which increases oil stocks at the port of Ceyhan to 3.65 million barrels.
.And carrying tanks at Ceyhan, the Turkish least 350 thousand barrels only on the level of four million barrels, which would allow the Iraqi oil marketing company / Sumo / A tender for the sale quantity.
فطThe source said that Iraq resumed pumping oil اليوم.On Tuesday and stopped today.

.He added that it expected to resume pumping soon.
.He told us / Iraqi officials / that the pumping will resume soon ... Have a problem at a pumping station ... This everything.
.2003Exports of Kirkuk crude intermittently disrupted as subversive attacks pipeline most of the time since the invasion, which led the United States to Iraq in March March .2003
.With the disruption of the pipeline be the port of Basra in the south is the only outlet exports to Iraq. And the exports of Basra in November November 1.46 million barrels a day.
.Iraq put five bids from June to September which sells 6,9 million barrels of Kirkuk oil.



Translated version of http://www.alsharqiya.com/display.asp?fname=aboutus%5C2006%5C008.txt&storyti

U.S. AWARDS CONTRACT FOR TRANSLATION IN IRAQ


WASHINGTON [MENL] -- The U.S. Army has launched an effort to recruit thousands of translators to facilitate training of Iraqi security forces.

The army has awarded a contract for management of translation and interpretation services in Iraq to Global Linguistic Solutions. GLS, a joint venture of DynCorp International and McNeil Technologies, has received a five-year contract, with a maximum value of $4.645 billion. "The ability to communicate effectively with the Iraqi people is critical to a successful outcome in Iraq, and we are very aware of the trust that has been placed in us," DynCorp chief executive officer Herbert Lanese said.

Dyncorp bested L-3 Communications for the army contract. In 2005, L-3 acquired Titan Corp. a leading supplier of linguists to the U.S. Army Intelligence and Security Command, or ISC.