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

ONGC, RIL jointly eye Iraq oil field
27/12/2006
Source: Financial Express

State-run Oil and Natural Gas Corp (ONGC) and its private competitor Reliance Industries Ltd (RIL) are in talks to jointly develop Tuba oil field in southern Iraq, top ONGC officials said on Tuesday.
ONGC, through its overseas investment arm ONGC Videsh Ltd, along with RIL and Algeria's Sonatrach tried in 2000 to secure the field in Iraq for production of crude oil.

A senior company official, who did not wish to be identified, said ONGC had initiated talks with RIL and Sonatrach to revive the consortium and pursue the opportunity jointly.

ONGC chairman and managing director R. S. Sharma confirmed the project was being discussed, and said: "Yes we are in talks with Reliance on Tuba field."

A Reliance official declined to comment.

The ONGC official who declined to be named said discussions were still at a preliminary stage. He said ONGC and RIL were expected to hold a 30 per cent stake each in the project-specific consortium and Sonatrach would hold the remaining 40 per cent.

Iraq is expected to enact an oil law that would allow the regions to negotiate oilfield contracts with foreign investors.

Iraq desperately needs foreign investment to revive its shattered economy, which relies heavily on oil export revenues. The country straddles the world's third largest oil reserves.

Analysts say if the consortium works out, it will be the first time that two arch rivals, ONGC and Reliance, work together abroad rather than competing.

"It is a great story. Cutting throats will not help. Cooperation is good for the companies and the country," said Anushree Sinha, senior fellow at National Council of Applied Economic Research.

India imports 70 per cent of its crude oil demand.

Shares in ONGC ended 2.64 per cent up at Rs 888.10 in a firm Mumbai market, while Reliance shares closed 0.42 per cent firmer at Rs 1,276.75.

http://www.iraqdirectory.com/DisplayNews.aspx?id=2829

Iran, Iraq study expansion of economic cooperation
27/12/2006
Source: IRNA

Visiting Iraqi Minister of Commerce and Finance Bayan Jabr conferred here Tuesday with Foreign Minister Manouchehr Mottaki on expansion of economic cooperation between the two countries.

According to the Information and Press Bureau of the Foreign Ministry, the two sides called for increase in the volume of trade between the two countries.

At the meeting, Mottaki referred to religious, cultural and social commonalties between Iran and Iraq and underlined that officials from both sides are determined to further bolster and deepen such ties.

Given the need to restore stability and security in Iraq, Mottaki said the task of maintaining country's security should be handed over to its elected government in order to reconstruct the country through national will.

Lambasting the US on the arrest of two Iranians who were guests of the Iraqi government, he underlined that the move is against international norms and the Iraqi government is responsible for pursuing the case and secure the release of the two Iranian nationals.

The Iraqi minister, for his part, underlined the need to further broaden economic cooperation among countries in the region and said Iraq's dlrs 41 billion budget for the year 2007 shows firm determination of the country's officials to ensure the country's development in close cooperation with neighboring states.

Underlining the fact that the two Iranians who were detained by US forces were official guest of the Iraqi government, he said the Iraqi government is to make all efforts to release them.

http://www.iraqdirectory.com/DisplayNews.aspx?id=2830

Now only the exchange rate like neighbouring countries, like the statement of Zubaidi!!

Originally Posted by shotgunsusie

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????

Ignore him Suzy...He's been shatting on anyone who will let him get to them. Other HYIP's must be getting slow and/or the Dinar is getting so big that he can't help but piss on people and tell them it's raining. He's a troll from way back and is encouraged by certain people to stir up trouble in other threads here...The powers that be need to give him a "correction" about shatting about in the Dinar threads...

EW

Posted to the web on: 27 December 2006
Iraqi pilgrims pray for peace, unity in Mecca
Reuters



MECCA - Divided in their troubled homeland, Iraqi pilgrims who made the perilous journey to Mecca for hajj this week are united in their prayers for peace, stability and the loved ones they have lost.

“What other motivation would I have than to pray for the unity of our country. Only unity can bring back security and safety,” said Zohra Um Mohammed.

“We pray for the Americans to leave. They are the ones who have torn us apart,” added the 54-year old accountant, who braved dangerous roads on a five-day journey from Iraq’s ancient city of Babel to Islam’s holiest sites in Mecca.

At least 2 million Muslims, from dozens of sects and around 160 countries, begin on Friday an exhausting five-day ritual that all able-bodied Muslims are required to make at least once in a lifetime.

But this hajj takes place amid escalating violence between Sunnis and Shi’ites, members of Islam’s two main branches, that has taken Iraq to the brink of civil war.

Violence is at an all-time high in Iraq and sectarian fighting is killing around 100 Iraqis every day.

Sunni-Shi’ite tension is also high in Lebanon and fears that sectarian splits will spill over at the hajj have added to existing worries of Al-Qaeda linked militant violence.

Asked if he was worried about meeting fellow Iraqis of other sects, Kadhim Manwar Al-Adhari, a 52-year old public servant said: “I’m from Amara, where both Shi’ites and Sunnis live.

Sunnis are married to Shi’ites and vice versa“.

Muslims start flocking to Mecca for hajj at the end of the month of Ramadan, which sees the start of a three-month period during which Islam prohibits any sort of bloodshed. Even killing a fly inside Mecca can annul the pilgrim’s hajj.

For many Iraqi pilgrims, hajj was a time to reflect and to pray for their country.

“What a pity. We need to pray for Iraq, you must pray with us for our homeland,” said Ruqaya, her eyes welling up with tears as the 45-year-old Iraqi woman recalled the state in which she had left Baghdad for the pilgrimage.

On their way to the Grand Mosque in Mecca, Ruqaya and her husband Jabbar Abu Tariq said they would be praying for dozens of relatives, neighbours and friends killed in violence that has torn the Iraqi capital apart since US-led invasion in 2003.

“We have suffered so much grief that Satan plays with the minds of some of us and gets them to start questioning the most important thing in life, faith in Allah,” Abu Tariq said.

“That is why we came here, to renew our faith in Allah, to pray for the deceased, and to pray for peace and stability for Iraqis,” the retired public servant said.

Asked if he was a Shi’ite or a Sunni, Abu Tariq said: “We are Muslims”.

Originally Posted by cigarman

Just wondering if anyone else saw the article about 50,000 extra troops heading to Bagdad? What a coincidence it is happening right now. Good time to lock it down to disperse the lower demons. JMHO.

Just thought I would let you in on this. How about 70,000 now. One of the Retires at work that I have gotten into the Dinar, his brother is a Excecutive for some firm downtown and has just been Introduced to the Dinar thru him thru me. They called me today at work, and said they were on Rolclub all week-end and made calls to freinds and done sever D&D. They are so excited I couldn't get a word in. They sounded like little boys again, and are spending $40,000.00 Today with some group he has grouped, for Dinar Order thru Chase. Anyways the guy said to tell you it is 70,000 more. Ok I told you. Is this getting Crazy are what.

Originally Posted by neno

Just thought I would let you in on this. How about 70,000 now. One of the Retires at work that I have gotten into the Dinar, his brother is a Excecutive for some firm downtown and has just been Introduced to the Dinar thru him thru me. They called me today at work, and said they were on Rolclub all week-end and made calls to freinds and done sever D&D. They are so excited I couldn't get a word in. They sounded like little boys again, and are spending $40,000.00 Today with some group he has grouped, for Dinar Order thru Chase. Anyways the guy said to tell you it is 70,000 more. Ok I told you. Is this getting Crazy are what.

Thanks, makes my day!!! I sure hope we're near the end so I can cash out and get ready for the Iran whatever because we don't build up for no reason.

Originally Posted by neno

Just thought I would let you in on this. How about 70,000 now. One of the Retires at work that I have gotten into the Dinar, his brother is a Excecutive for some firm downtown and has just been Introduced to the Dinar thru him thru me. They called me today at work, and said they were on Rolclub all week-end and made calls to freinds and done sever D&D. They are so excited I couldn't get a word in. They sounded like little boys again, and are spending $40,000.00 Today with some group he has grouped, for Dinar Order thru Chase. Anyways the guy said to tell you it is 70,000 more. Ok I told you. Is this getting Crazy are what.

ok i realize this is good news but i am lost to how this has a connection to the 50,000 troops that cigarman was talking about

Originally Posted by cigarman
Just wondering if anyone else saw the article about 50,000 extra troops heading to Bagdad? What a coincidence it is happening right now. Good time to lock it down to disperse the lower demons. JMHO.

Just wondering is all as i am trying to keep up with all the news as of late !

wait i think i have it ....... one of the retires is saying that 70k troops are going in now not 50k and the same guy is part of a group who is buying 40k worth of dinar from chase ... Yes ???

Originally Posted by shotgunsusie

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???

Only Marek )Admin) has control of that. Thought I would say, maybe cut down on the pm request I get to do this.

Originally Posted by rvalreadydang

The devaluation of the dollar against the dinar embarrassed the movement of markets and banks

Baghdad-editor economic witnessed banking companies in the country refrained from customers to exchange rate depreciation of the dollar against the Iraqi dinar, has closed some shops owners awaiting improvement in the situation, where the value of the dollar against the Iraqi dinar from 1480 dinars to the dollar to 1334 dinars, the banking companies.

.While it did not see the Iraqi Central Bank interested in buying the dollar, and specialists attribute the reason to rumors reported that the Iraqi Central Bank has sought to make the dollar exchange rate thousand Iraqi dinars, the essay, the market carrying offices Exchange hesitation in accepting the categories of the dollar. However, an official source at the Central Bank pointed out that this news completely untrue, but that the monetary policy of the bank to not harm any parties, so has been the adoption of the drawdown rates very simple so as not to leave the harmful effects on the resolutions before the dollar from the banks and banking companies and traders, did not hide the money changers and merchants that they lost because of the decline that has occurred in a sudden did not change the dollar exchange rate at all during the year, at least. With rate was the dollar which had reached with the early last month 1480 dinars, subjected to reduction in the auction Bank of the daily are gradually up to become the price of the auction 1430 dinars during the past week the creation of confusion and clear that reflected on the actors generally and mechanisms banking and absenteeism and the movement of goods in the markets which are often dealt on the Iraqi market the dollar, the average the purchase of private banks of the dollars from the auction the daily between 60 to 65 million dollars for a daily 14-15 of the month of - in November last, with a declining this turnout to hit 865 thousand dollars on 28 of the same month, the day on which spread in which spreading the attempt of the World for the arrival of the dollar to the price of the thousandth dinars, comes the policy of strengthening the rate of exchange within the objective in which he declared that the Central Bank of Egypt the fulfillment of the task of the withdrawal of cash from the market to reduce the rates of hyper-inflation which crossed the indicator of 77% and procedures were raising interest rate that are adopted by the on accounts deposited with him to hit 16%, versus the insistence of private banks and governmental together on the charging of such commission to meeting deposits in the Central Bank, and denied to their customers, since remained at their levels preceding 5% what had prompted Governor of the Central Bank inform the repugnance at irresponsible policies of the banks during its meeting that Bmadraeha of Commissioners recently.

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ÌÑíÏÉ ÇáÚÏÇáÉ ÇáÚÑÇÞíÉ - ÇäÎÝÇÖ ÇáÏæáÇÑ ÃãÇã ÇáÏíäÇÑ íÑÈß ÍÑßÉ ÇáÃÓæÇÞ æÇáãÕÇÑÝ

Originally Posted by choochie

O.K. I think I lost my deciphering skills over the holidays. Can someone please tell me what this says? Please and Thank You!

Originally Posted by Gloribee

In respect to Neno, I'll ignore this.

Now while I was gone, gold reserves were discussed. Were we ever able to come up with a more solid number as to how many tons Iraq has, or is in control of? I've been searching, but am getting off the wall amounts.

As well I've heard Iraq has signed some outragously long contracts for agricultural products based on future developments. Quotas vs. Tonage.
Makes sense with what we know. I know they have the largest fresh water reserve in the ME, but what I'm not sure of, is anyone, or company, or Country trying to break ground on this one?

Thanks, Gloribee

These Two Questions Today, were over looked. I need some help in trying to answer them Gang.

Originally Posted by H2O_Lover

ok i realize this is good news but i am lost to how this has a connection to the 50,000 troops that cigarman was talking about



Just wondering is all as i am trying to keep up with all the news as of late !

wait i think i have it ....... one of the retires is saying that 70k troops are going in now not 50k and the same guy is part of a group who is buying 40k worth of dinar from chase ... Yes ???

You got it. I dont know who he knows, but that is what they said they found out. So the 35,000 is doubled now.