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

Gulf Daily News

Gulf Daily News - 58 minutes ago

Vol XXIX NO. 294 Monday 8 January 2007

Iraq 'set to invite foreign oil firms'
LONDON: Iraq is preparing to allow foreign companies to exploit its oil reserves, The Independent on Sunday newspaper said, citing a draft law expected to come before the Iraqi parliament soon.
The US government was involved in drawing up the law through a consultancy firm, the British weekly said.

The early draft, circulated in English to oil companies in July 2006 and leaked to the newspaper, would offer oil companies vastly better terms than the industry norm for investing in the war-torn country.

The production-sharing agreements (PSAs) would allow oil giants to sign 30-year contracts for extracting Iraqi oil.
Under PSAs, the state retains legal ownership of its oil but gives a share of the profits to companies that invest in infrastructure and in operating the wells, pipelines and refineries.

The newspaper said that under the draft law, oil companies could recoup 60 to 70 per cent of revenue until initial costs had been recovered, which compares to around 40pc usually.

Following that, oil firms could be allowed to keep up to 20pc of profits, rather than the more usual 10pc, the weekly said, citing experts.

Experts said that oil giants would not descend immediately on Iraq, preferring to wait for the country to regain some level of stability, while only small, maverick producers would risk activity there in the short term.

The draft law would allow for the first foreign exploitation of Iraqi oil reserves since the industry was nationalised in 1972. The introduction of PSAs would also be a first in the Middle East.

Originally Posted by CharmedPiper

Gulf Daily News

Gulf Daily News - 58 minutes ago

Vol XXIX NO. 294 Monday 8 January 2007

Iraq 'set to invite foreign oil firms'
LONDON: Iraq is preparing to allow foreign companies to exploit its oil reserves, The Independent on Sunday newspaper said, citing a draft law expected to come before the Iraqi parliament soon.
The US government was involved in drawing up the law through a consultancy firm, the British weekly said.

The early draft, circulated in English to oil companies in July 2006 and leaked to the newspaper, would offer oil companies vastly better terms than the industry norm for investing in the war-torn country.

The production-sharing agreements (PSAs) would allow oil giants to sign 30-year contracts for extracting Iraqi oil.
Under PSAs, the state retains legal ownership of its oil but gives a share of the profits to companies that invest in infrastructure and in operating the wells, pipelines and refineries.

The newspaper said that under the draft law, oil companies could recoup 60 to 70 per cent of revenue until initial costs had been recovered, which compares to around 40pc usually.

Following that, oil firms could be allowed to keep up to 20pc of profits, rather than the more usual 10pc, the weekly said, citing experts.

Experts said that oil giants would not descend immediately on Iraq, preferring to wait for the country to regain some level of stability, while only small, maverick producers would risk activity there in the short term.

The draft law would allow for the first foreign exploitation of Iraqi oil reserves since the industry was nationalised in 1972. The introduction of PSAs would also be a first in the Middle East.

Wow,

We are really coming down to the final stretch here.

I want to say that we do have the best Research team out there. You should all be filled with pride in knowing that investigative journalism has nothing on us!!!!!!!!!!!!

I think I might feel my first W**T coming on really soon!

WOoTTTTTT!!!!!!
black gold, iraqi tea, yall come back now yahear!!!
concerning dinar, i would say that this is the most definitive reason why i dont believe that the value of the dinar will come out small and work its way up slowly. they want this oil to start flowin as does the rest of the world. the time has COME!!! OUT BIG OR STAY AT HOME!!

Originally Posted by shotgunsusie

WOoTTTTTT!!!!!!
black gold, iraqi tea, yall come back now yahear!!!
concerning dinar, i would say that this is the most definitive reason why i dont believe that the value of the dinar will come out small and work its way up slowly. they want this oil to start flowin as does the rest of the world. the time has COME!!! OUT BIG OR STAY AT HOME!!

ummm..... you tring to tell us something susie ??

Originally Posted by shotgunsusie

WOoTTTTTT!!!!!!
black gold, iraqi tea, yall come back now yahear!!!
concerning dinar, i would say that this is the most definitive reason why i dont believe that the value of the dinar will come out small and work its way up slowly. they want this oil to start flowin as does the rest of the world. the time has COME!!! OUT BIG OR STAY AT HOME!!

Suzie we are ready to get a rolling!!!!!!!!!


GET ER DONE!!!!!!!!!!!!!!!

This is the last leg ladies and gentlemen, enjoy it while we have it and be prepared to enjoy it even more in a little bit

I've been reading some awesome posts. And learned so much which I never even knew. I just want to take few second and want to thank all those people who do excellent job finding great informations. Thank you and good luck to all our RolClub members/Dinar Gang.

Originally Posted by shotgunsusie

WOoTTTTTT!!!!!!
black gold, iraqi tea, yall come back now yahear!!!
concerning dinar, i would say that this is the most definitive reason why i dont believe that the value of the dinar will come out small and work its way up slowly. they want this oil to start flowin as does the rest of the world. the time has COME!!! OUT BIG OR STAY AT HOME!!

Well that got my attention! I miss the thanks button, so just want you all to know how much I appreciate all of ya!

LEADING STORY NOOZZ.COM

Iraq could open oil reserves to foreign firms: report

Iraq is preparing to allow foreign companies to exploit its oil reserves, The Independent on Sunday newspaper said, citing a draft law expected to come before the Iraqi parliament soon. The US government was involved in drawing up the law through a consultancy firm, the British weekly said. Read




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Hey Gang what's up??


Are we still feeling good about the auction tonight or are yall thinking about the 10th?


I am still saving my W#@T as well. After waiting this long I want to scream it when the time is right.

Originally Posted by Cyberkhan

Wow,

We are really coming down to the final stretch here.

I want to say that we do have the best Research team out there. You should all be filled with pride in knowing that investigative journalism has nothing on us!!!!!!!!!!!!

I think I might feel my first W**T coming on really soon!

I totally agree with you 110%
way to go rolclub team
Let's Get To The Finish Line For The Big R/V