Iraq/Dinar News up until March 28th 8PM CT.

The Cabinet Reshuffle that was expected to be announced this week will be postponed until after the EMERGENCE OF THE POSITIVE RESULTS OF THE PLAN.

Cabinet Reshuffle>Promised<Postponed To Next July or Mid May At Earliest.

Sotaliraq.com - ÕæÊ ÇáÚÑÇÞ

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Originally Posted by GSXR99

If they don't agree on the HCL soon and bring in foreign oil companies that will [COLOR=red]ACTUALLY WORK[/COLOR] they might as well forget it and go on permanent vacation and holiday. :wigged: :wigged: :wigged:

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There are actually quit a few foreign oil companies that are sitting on the sidelines waitning, that will actually work .
Leann

Energy - Oil & Gas

Oil ministry announces tenders for drilling 50 new wells in Missan
Missan, 19 March 2007 (Voices of Iraq)

Iraq's oil ministry announced tenders for the drilling of 50 new wells in the Shiite province of Missan, 380 km southeast of Baghdad, to enhance crude oil production capacity, Missan oilfields director said.

"The ministry invited 13 U.S. and Arab companies to embark on drilling 50 wells in the fields of al-Bazarkan, al-Halfaya, Abu Gharb, al-Fakka and al-Amara," Ali Maarej al-Bahadli told the independent news agency Voices of Iraq (VOI) on Thursday.

Bahadli did not set a date for carrying out these projects. However, he said work on these new wells will take more than two years depending on the efficiency of companies that will undertake the projects.

Drilling these wells is part of an investment plan by the Missan oilfields organization for this year, he said.
"Production capacity of the new wells is expected to hit 2,000 barrels per day (bpd) for each," said Bahadli, noting the current capacity of Missan oilfields is 120,000 bpd.

Missan is one of the provinces producing oil thanks to fields spreading all over the province, including the fields of al-Bazarkan in the eastern part.

The field of Majnoon, on the eastern borders with Iran, is one of the largest oil-producing wells worldwide. It was one of the fields that were not invested so far.

Oil ministry announces tenders for drilling 50 new wells in Missan | Iraq Updates


Ok, so just how are they going to negotiate these contracts without the HCL in place? They have admitted that they don't have the financial resources to drill and develop oil wells on their own. The oil companies are not going to come in and do the work without some form of contract that will make it worth their while.

Hmmmmmmmmmmmmmmmmmmmmm......

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Originally Posted by mewannapeg

IraqSide:Media
Daily Column
Iraqi Papers Mon: A Parliament on Vacation
Paper Critiques the Perks of Iraq's Deputies
By AMER MOHSEN Posted 1 hr. 45 min. ago
Az-Zaman
Az-Zaman
“A parliament of vacations and privileges” was Az-Zaman’s headline on Monday. The Iraqi newspaper published a critical review of the perks granted to Iraqi deputies and reiterated criticisms concerning the performance of the People’s representatives. The Iraqi deputies are currently enjoying a week-long vacation, in celebration of the Norouz (the Persian New Year, celebrated by Kurds and Zaraostrian minorities in Iraq.) The Norouz vacation follows a month-long halt in the activity of the Iraqi parliament, due to a succession of religious holidays. In addition to that, Az-Zaman said that sources had leaked that a “secret” session of the parliament last Saturday was in fact devoted to discussing the compensations and retirement packages of MPs.

What exacerbates the situation further, Az-Zaman reported, is the fact that many Iraqi deputies do not reside in Iraq, preferring the safety and comfort of neighboring capitals, “while the people toils in crises,” said a citizen interviewed by the paper. Other interviewees were outraged that the parliament can hardly achieve the quorum when it comes to discussing urgent and critical matters, but “when it came to (their) salaries and privileges,” the session was held with haste and efficacy.

The secretary-general of an association called “the coalition for democracy”, Raheem al-Sa'idi, went as far as to proclaim that sectarianism and patronage have voided the democratic process in Iraq. Al-Sa'idi argued that deputies can bluntly disregard their duties since they face no form of popular accountability, due to the “political deals, sectarianism and consociationalism; which have undermined real democracy in Iraq.”

On the other hand, a spokesman of the parliament told Az-Zaman that the rumors regarding Saturday’s session are false; claiming that the deputies were actually discussing “sensitive” issues that could not be made public.

Al-Mada published an op-ed by Jaleel Wadi discussing the new project to build a “trans-sectarian” front in Iraq, which aims to undermine the existing sectarian coalitions and the current cabinet. Wadi expressed suspicions as to the motives of the promoters of the “national front,” and supported al-Maliki’s policies. Wadi went as far as to identify the “political process” in Iraq with the Maliki government, insinuating that the proponents of the “national front” harbor intentions to “undermine the political process.” In the Iraqi political lingo, the “process” refers to the political institutions built following the American invasion.

An intensive debate is ongoing in Iraq to assess whether the current sectarian system should be seen as a guarantee for a stable polity or an instigator of sectarian tensions and violence. Al-Mada seems to be defending the former view. Again, it should be noted that al-Mada’s publisher, Fakhri Kareem, identified himself as a “secular” Marxist for most of his career.

In other news, al-Mada reported that the Association of Muslim Scholars has condemned the practice of exploding chlorine-filled tanks in civilian areas. Such attacks have killed and injured hundreds of Iraqi civilians in the last weeks, and the Association’s condemnation is notable because the Sunni organization is seen as generally sympathetic to the insurgency and to anti-government factions in Iraq.

In pan-Arab al-Hayat, an interview with a Sadrist leader revealed that the Sadr Current is threatening to depose al-Maliki’s government if pressures against the party persist, and if the building of an American base in Sadr City gets underway. Thamir 'abd al-‘Ameer told al-Hayat that if the government supports the building of the American base, “we will bring it down.” 'Abd al-‘Ameer went as far as to claim that the “entire political process may be threatened” by these hostile acts against the Sadrists.

With the challenge of 'Allawi’s growing “national front,” the government’s parliamentary majority is far more precarious than it was a year ago, which – potentially -- gives the constituents of the ruling coalition a larger influence over the bloc. The Sadrists’ threats against the government (which were a staple of political life in Iraq in the last year) are more credible now than ever before.

Finally, Az-Zaman reported that Sa'dun Hammadi, one the pillars of Saddam’s regime died in exile in Germany yesterday. Hammadi belonged to the first generation of Ba'this, he was involved in Arab nationalist activism since the late 1940’s. After returning from the US with a PhD from the university of Wisconsin, he participated in building the Ba'th institutions in Libya, Syria and Iraq. He filled several high positions in Iraq after the party’s ascension to power, including that of the oil minister, Prime Minister and Speaker of the National Assembly. Az-Zaman said that he was “the first Iraqi to join the Ba'th party.”

IraqSlogger: Iraqi Papers Mon: A Parliament on Vacation

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Man I need their job...this is so pathetic the country is in such need of economic relief....These guys are such bastards...lazy pieces of f**k#i% Sh#t.:mad3: :mad3: :wigged: :wigged: :rant: :rant: :nono:

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Originally Posted by dinartank

Man I need their job...this is so pathetic the country is in such need of economic relief....These guys are such bastards...lazy pieces of f**k#i% Sh#t.:mad3: :mad3: :wigged: :wigged: :rant: :rant: :nono:

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I understand where your coming from but i have to tell you when i read your signature i find it some what ironic :rolleyes:

" When are we gonna be rich and hit the iraqi lottery "

i wanna know what the facking PLAN is!!!!:wigged:

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Originally Posted by inquisitive1

The Cabinet Reshuffle that was expected to be announced this week will be postponed until after the EMERGENCE OF THE POSITIVE RESULTS OF THE PLAN.

Cabinet Reshuffle>Promised<Postponed To Next July or Mid May At Earliest.

Sotaliraq.com - ÕæÊ ÇáÚÑÇÞ

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so they are expecting this 'PLAN' to net positive results by at the earliest mid-may. what 'PLAN' do you suppose will be launched thats going to net positive results in that country but the one we are waitin on too????:cool:

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Originally Posted by inquisitive1

The Cabinet Reshuffle that was expected to be announced this week will be postponed until after theEMERGENCE OF THE POSITIVE RESULTS OF THE PLAN.Cabinet Reshuffle>Promised<Postponed To Next July or Mid May At Earliest.

Sotaliraq.com - ÕæÊ ÇáÚÑÇÞ

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As we speak, Goldraker is ready!:cheer: I have a jet in my back yard right now with her engines running.:eek: I do think, that it will be now. Or within the next 24 hours!:waiting: So I have the bags packed, the jet fully fueled. Ready to jetset in the French Riviera! :woohoo:

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Originally Posted by goldraker

As we speak, Goldraker is ready!:cheer: I have a jet in my back yard right now with her engines running.:eek: I do think, that it will be now. Or within the next 24 hours!:waiting: So I have the bags packed, the jet fully fueled. Ready to jetset in the French Riviera! :woohoo:

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have you been gettin into my stash??:nono:

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Originally Posted by goldraker

As we speak, Goldraker is ready!:cheer: I have a jet in my back yard right now with her engines running.:eek: I do think, that it will be now. Or within the next 24 hours!:waiting: So I have the bags packed, the jet fully fueled. Ready to jetset in the French Riviera! :woohoo:

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whish I shared your optimism!!! one day I hope?

Announcement No.(886)

D.G. of Foreign Exchange Control

The 886 daily currency auction was held in the Central Bank of Iraq day Monday 2007/ 3/ 19 so the results were as follows :

Details Notes
Number of banks 16 -----
Auction price selling dinar / US $ 1277 -----
Auction price buying dinar / US $ ----- -----
Amount sold at auction price (US $) 88.015.000 -----
Amount purchased at Auction price (US $) -----
Total offers for buying (US $) 88.015.000 -----
Total offers for selling (US $) ----- -----









D.G. of Investments

Daily price Bulletin buying and selling Sunday 2007/3/18

Currency
Currency Code
Selling Price In IQD
Buying Price In IQD

US Dollar
USD
1277.000
1275.000

European Euro
EUR
1699.304
1698.454

British Pound
GBP
2480.317
2479.077

Canadian Dollar
CAD
1087.920
1087.376

Swiss Franc
CHF
1057.207
1056.678

Swedish Krona
SEK
183.282
183.191

Norwegian Kroner
NOK
208.957
208.853

Danish Krone
DKK
228.199
228.085

Japanese Yen
JPY
10.936
10.931


The above price represent reference rate and does not from any commitment on the Central Bank of Iraq.

Note: The prices of the bulletin issued on Sunday will adopted for Monday also due to the weekend in New York .