Thread: Iraq/Dinar News until April 26, 2007 Midnight cst.

Originally Posted by wciappetta

Done!

Should have thought about you to take care of it . I just figured Neno in that Matrix outfit would not be recognized . Let us know if you get a reply

Originally Posted by Adster

Wankers.





Kuwait refuses to forgive Iraqi debt!!! 4/26/2007, 2:43 p.m.

KUWAIT CITY (AP) — Kuwaiti lawmakers' refusal to forgive Iraq's debt has shone a troubling light on the lingering bitterness many of its neighbors feel toward Saddam Hussein's rule — and their suspicion of Iraq's new Shiite-led government.

Iraqi Prime Minister Nouri al-Maliki struggled against those misgivings when he tried this week to persuade Kuwait to forgive most of his country' $15 billion debt.

Cancellation of Iraqi debt is expected to figure high on the agenda of the May 3-4 international conference on Iraq at Egypt's Red Sea resort of Sharm al-Sheik.

The United States has been strongly pushing for Iraq's creditors to follow its lead and write off Iraq's debt, as one way of helping the country get on its feet financially.

Al-Maliki ended his visit to Kuwait Wednesday with appeals to lawmakers in this small oil-rich nation to be "generous" and write off some of the debt.

But al-Maliki, a Shiite, is seen by many in Iraq's mostly Sunni neighbors as weak in clamping down on Iraqi Shiite militias that are supported by Iran and responsible for part of the sectarian violence ravaging the country.

Hamad al-Msailim, a 34-year-old civil servant, said he might be able to get over the memories of the Iraqi occupation and support a debt write-off when a different government takes over in Iraq.

"This is an Iranian government. It has no credibility," he said, sipping coffee at a seaside mall.

For seven months starting Aug. 2, 1990, Saddam's occupying forces rounded up Kuwaitis, executed them at the doorsteps of their houses, changed names of neighborhoods, hospitals and ports, and blew up some 700 oil wells. Hundreds who went missing before a U.S.-led coalition liberated the country in the 1991 Gulf War, are still unaccounted for.

Most of the $15 billion was extended to Saddam to finance his 1980-1988 war with Iran. The former Iraqi leader was considered a hero by many in Kuwait, until he shocked the nation by turning his guns on it and accusing it of stealing Iraqi oil from border wells.

http://www.silive.com/newsflash/int...t=international

Well I feel Iraq was shooting for the moon for debt relief. Kuwait is cutting off her nose to spite itself. how many contracts do you think kuwait will yield in Iraq? Near zip..... Iraq doesn't need to have kuwait forgive that debt so she'll move on and remember this moment of history. This move by Kuwait is short-sighted. Kind of like Pelosi.......

[quote=Countrygirl70;192753]

Originally Posted by Adster

Wankers.





Kuwait refuses to forgive Iraqi debt!!! 4/26/2007, 2:43 p.m.
So now what? Could this be one of those media misinformation? Would love for it to be so.

There are two ways of looking at this. Firstly, Kuwait are still pissed off with Iraq for the war in the 90s and Saddam's memory still lives on seeing as a fair part of the government are made up of Sunnis.

Or if you're feeling optimistic you can take it to mean they are so close to a reval that they will just be paid off via say a 1 to 1 reval. Not as if they need oil like all the other debt forgiving countries........

Who likes the second option?!

Originally Posted by Icemann 30

IHS: Iraq's Oil Production Capacity Could Double in Near Term
Rig Zone
IHS Inc. on Wednesday announced the upcoming launch of the Iraq Atlas, the first and only detailed analysis of oil reserves, production and development opportunities developed since the start of the Iraq conflict. The Iraq Atlas, which will be available from IHS on May 9, is a unique overview of all known prospects and fields in Iraq, and estimates oil reserves at up to 116 billion barrels, ranking the country number three in the world. The Iraq...

Iraq Offshore Oil Photos Production

» Read full article
» View larger photo

(photo: WN)

"The market has not had access to this level of data and analysis on Iraq's oil reserves and production capabilities for many years," said Ron Mobed, president and chief operating officer of the energy segment of IHS. "Clearly, the sourcing of accurate data is invaluable in planning, negotiating and contracting for the rebuilding of Iraq's oil infrastructure. While a few companies may have selected data based on cooperative agreements, most are basing investigations of geological, cost and risk considerations on older and less detailed data. With the Iraq Atlas, investors are now able to assess both exploration and field partnership opportunities in the region, and IHS is well placed to advise them on such opportunities."

"In 2007, the Iraqi government is expected to launch a bid round for 65 exploration blocks and 78 fields are also to be offered for development," Mobed added. "The Iraq Atlas will help companies evaluate these blocks and fields quickly and accurately."

"Most of Iraq's oil production comes from the south of Iraq and is exported via the Persian Gulf because of repeated sabotage attacks on facilities in the north," said Mohamed Zine, IHS regional manager for the Middle East. "This has resulted in a current production capacity of two million barrels of oil per day. However, the Iraq Atlas estimates indicate that given a stable political and civil environment, Iraq has the potential to produce four million barrels a day in the near term if necessary investments are made in repairing and modernizing facilities."
Zine added: "The cost to produce oil in some Iraq fields is less than $2 per barrel according to our estimates and investments involved in developing the fields are minimal."

WOoT!!!!

tell me they cant support a high revalue, go ahead, try it!!

[QUOTE=Adster;192760]

Originally Posted by Countrygirl70

There are two ways of looking at this. Firstly, Kuwait are still pissed off with Iraq for the war in the 90s and Saddam's memory still lives on seeing as a fair part of the government are made up of Sunnis.

Or if you're feeling optimistic you can take it to mean they are so close to a reval that they will just be paid off via say a 1 to 1 reval. Not as if they need oil like all the other debt forgiving countries........

Who likes the second option?!

2nd option....SPOT ON...without a doubt, and I'm NOT surprised!

Originally Posted by davzgirl

Should have thought about you to take care of it . I just figured Neno in that Matrix outfit would not be recognized . Let us know if you get a reply

After the RV I'd like to have a "Beltway Billboard" with Pelosi, Reid, Biden and Murtha behind a desk waving white flags while they cower before Bin Laden.... Caption could read, "Home of the Brave?" ....traitors the lot of them.

Originally Posted by shotgunsusie

WOoT!!!!

tell me they cant support a high revalue, go ahead, try it!!

THEY CAN'T SUPPORT A HIGH REVALUE!

Originally Posted by rvalreadydang

THEY CAN'T SUPPORT A HIGH REVALUE!

chuckle chuckle .........quack quack ........ROTF LMAO

Originally Posted by H2O_Lover

chuckle chuckle .........quack quack ........ROTF LMAO

[QUOTE=Adster;192760]

Originally Posted by Countrygirl70

There are two ways of looking at this. Firstly, Kuwait are still pissed off with Iraq for the war in the 90s and Saddam's memory still lives on seeing as a fair part of the government are made up of Sunnis.

Or if you're feeling optimistic you can take it to mean they are so close to a reval that they will just be paid off via say a 1 to 1 reval. Not as if they need oil like all the other debt forgiving countries........

Who likes the second option?!

That second option may be a great incentive to revalue. If you revalue at 1:1 that 15 billion dollars would only cost them $11,811,000 after revalue . I like it!