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

Iraq invites Russian oil companies to resume cooperation
27 / 04 / 2007

Iraqi authorities are keen to resume cooperation with Russian companies in the field of oil and gas, as announced by the Iraqi Oil Minister Hussein Shahrastani during a meeting in Baghdad yesterday with the Russian ambassador to Iraq Vladimir Tchamov.

It is expected to submit to parliament soon the new oil law approved by the Iraqi government and allowing - according to the minister-ample scope for investment activity in this sector. "

The Russian companies, including oil in the era of Saddam Hussein enjoyed preferential treatment is defined by political considerations.
In spite of that, as reported by the Russian ambassador in Baghdad, Vladimir Tchamov in a phone call with the Novosti news agency estimated the new system in Iraq, high cooperation, which was linked in the past between our two countries and it is hoped to resume in the near future. " He in the meantime to clear words in this regard responded to the San Iraqi Minister of Oil.

He noted that Ambassador Hussein Shahrastani lent attention, in particular, to what has happened in recent years to train Iraqi national institutes of higher oil in Russia.

Tchamov said, "The Iraqi side highly appreciated the cooperation in this area and looks forward to its continuation." The company announced the "Lukoil" Russian in early April it was ready to do as soon as investing the "West Qurna-2" in Iraq once the new oil law.

Trained in centers "Lukoil" productivity annually by the Iraqi Oil Ministry. In 2004 helped "Lukoil" raise the level of vocational rehabilitation for 59 Iraqi oil experts in 2005-to 177 experts in 2006-to 146 experts

I said, what i said, because I am disgusted Of the UP's, and downs of every predicted weekend Of build up for an RV, and then realising by the following Wedensday, It hasn't happened. So Many things pointing to The RV, and then the let downs. Up, and down. I guess My equalibreum Is geting the best of me. getting dizzy, and confused.
Yes as SGS said we all came in here Knowing or thinking danm well we had the Best deal of the millineum. I Still think that way! Just getting a little Sick Not seeing the End Result. Oh well Life goes on, and tommorrow I may feel better about it. and It is Only MY opinion. The News provided on here is Just great! and I respect all of your feelings. If we all thought alike It would be one heck of a messed up world. LOL again JMHO!

Originally Posted by Icemann 30

The thing to understand is that the Iraqi upper class was made up of baathist, sunni's. Who where displaced when we invaded. The middle class was smart enough and had just enough money to flee during the last 20 years of Sadam's rule. So that leaves the lower class in country at this time. They are mostly uneducated and incapable of running a country effectively. Although given the time constraints they haven't done to bad a job.

Take a look at how long it took us to write our constitution and the time frame we have spent on new laws. We have expectations that they should do things in half the time and with NO arguement.

I think things have gone pretty well time wise, given all that they are up against on a daily basis.

Doesn't mean I don't wish for a reval yesterday, just means I won't go calling names of the Iraqi's because they are holding up my dream.

Ya know Im tired of the iraqi govt taking so much time off they must have holidays every month they take a week and we have seen weeks at a time off. They take there sweet time to try and agree on things and and get things done at americas expense....not to mention the lives of american soldiers lost in this war....so yes they are lazy...not the avg common iraqi they cant help that the economy is weak with jobs being hard to come by... Its the iraqi govt that is lazy and corrupt...most living in dubai the most booming wealthiest place in the middle east right now. The iraqi politicals are making boat loads of money.... so every thing to them is just peachy... why give up a good thing right???....you say our govt took forever to form a constitution...why yes they did....but in todays world technology is at the finger tips not to mention they have other econmical layouts that are proven to be successful..if they choose to follow as the IMF is giving them suppot as the world....Its time for them the iraqi govt to get off their but and high horse and start giving a crap about their people and society. So yes they are lazy. They need to move on and get over there differences Tank

Shahrastani : oil contracts must be signed with the government

Baghdad April 26 April / Reuters / - The Iraqi Oil Minister Hussein Shahrastani today, Thursday, the Iraqi Oil Ministry would not be bound by any contract for oil and gas conclude away from the Oil Ministry and that until the new law on oil now before the Iraqi Parliament.
The source said the oil industry told Reuters that the warning contained in a statement issued by the ministry after the meeting Shahrastani with Russian envoy in Baghdad Vladimir Jamov refers to the contracts concluded in recent times without the approval of the central government.
The statement, which Reuters received a copy of it that Iraq would not commit to any contract concluded Attaralgoanin outside the window that confine negotiation and contracting in the area of oil and gas oil ministry pending the enactment of the new oil and gas.
The law of oil vital element in attracting foreign investments to increase oil production and the rebuilding of the Iraqi economy and Washington thinks that this law is an essential step towards reconciliation between rival factions.
The statement added that the minister stressed claim foreign companies not to conclude contracts only through the federal government and the Ministry of Oil.
The statement says that the ministry warns companies of violating Iraqi laws, these companies would bear responsibility for its own actions.
The statement added that a contract in Iraq outside the federal government contract is illegal.
The statement said that Shahrastani said that all previous contracts and concluded under the previous Iraqi government would be subject to review and audit and in conformity with articles and paragraphs contained in the new oil will be the terms and mechanisms of the contract and tenders, which will be declared open and transparent manner.
The statement added that the minister will choose the best offer, which provides the highest financial return to Iraq regardless of the nationality of the companies, winner of the contracts.
The government of the Kurdistan of Iraq and signed several long-term agreements with foreign companies, including service contract concluded last week with the UAE company Dana Gas.
Preferably Kurds agreements require production-sharing with foreign companies but such agreements received criticism from some Arab nationalists.
Ashti Huarami Minister natural wealth in the government of the Kurdistan region said that had the authority to conclude agreements with any company it likes.
He said work was agreeable to the Constitution and we have full authority to conclude agreements with any company wants to come and work in Kurdistan.
He added if they do not want to approve the remaining sticking points will implement the laws of the Kurdish according to the Constitution.
Attempts by officials from the central government and the Kurdistan settle differences on the draft law for the oil sector will determine control of the foundation's third largest reserves of oil in the world.
Shahrastani said last week that the law will be ready this week for presentation to Parliament but officials Kurds energy sector described as supplements to the law unconstitutional, which raised the possibility of postponing adoption of the law.
Company shares fell DE. That. Or Norwegian-an independent producer is about to start drilling for oil in Field-talkie in the north, which is controlled by Kurds - up to 4.5% after it appeared that the statement by the Iraqi Oil Ministry cast doubt on the agreement held by the production company with the Kurdistan region.
.A source in the oil industry told Reuters in Baghdad that the Iraqi government does not have a problem with a Norwegian company, signed a contract with the Kurds did not specify DE. That. Or name.
In Oslo said De. That. Or they are sure the safety of oil production agreement with the Kurdish regional authorities.
.Helg hands of the Executive Chairman of the company for Reuters and we were always confident in our agreement and we see said that nothing has changed.
The shares recovered DE. That. Or later in recalling some loss of 6.1% drop by at 1141 GMT with the rise of shares in the Stock Exchange of Oslo.
A statement by the Ministry of Oil that Shahrastani invited Russian companies to participate in competitions for projects including the development of oil fields and the establishment of refineries in all areas of Iraq along with the international known and sober after the law oil.

Translated version of http://www.alsharqiya.com/display.asp?fname=economic99%5C2007%5C04%5C038.txt &storytitle=

Real moves to address the crisis of Iraqi refugees

Voice of Iraq) - 27-04-2007
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Abu Dhabi - WAM : called "news bulletin" at the international community to seriously and effectively move to address the crisis of refugees and displaced Iraqis in light of the difficult situation facing the embarrassment and millions of them at home and abroad. She described the current crisis as a serious humanitarian disaster compounded continuously in the light of escalating deterioration in the security situation on the Iraqi arena · considering The problem of Iraqi refugees from the most dangerous aspects of the Iraqi crisis ·
She said the bulletin issued by the Emirates Center for Strategic Studies and Research In an editorial yesterday entitled : "Iraqi humanitarian crisis requiring urgent international move" that the estimates of the High Commission for Refugees of the United Nations indicates that the Iraqis who were forced to leave their homes since ,2003 roughly estimated at four million people and there are about 50 thousand Iraqi forced to leave their homes every month because of sectarian tensions and terrorist attacks continuing ·
She explained that during the recent period many of the warnings issued by international bodies concerned with the seriousness of the problem with the inability of importers of Iraqi refugees or those working to assist with the large numbers of them, as called "Amnesty International" various countries of the world especially Europe and the United States to take urgent measures and concrete steps to address this crisis · noting that the Middle East "on the verge of a humanitarian crisis" She
She noted that the United Nations noted in the same context that the needs of refugees and displaced Iraqis could reach billions of dollars, and therefore called for the convening of an international conference in Geneva with the participation of about 60 countries to mobilize support and financial assistance to them she also felt that the clamor made by the humanitarian agencies involved in the last period must be received great international resonance If the world is unable to restore peace and security to Iraq for various reasons, it demands to prevent humanitarian disasters arising from this particular situation that does not involve any political complications, but requires financial contributions only enable countries hosting refugees about his activities, which working to care for and help it to play its role effectively in providing a decent life for them does not mean that they are fleeing from the hell of terrorism and murder hell of hunger, disease and homelessness. She said : if Iraqi refugees outside the borders who concentrated their lights, it should not ignore the more than 2 million Iraqis say "Amnesty International" they were refugees inside Iraq because they have been forced or obliged to flee from their homes ·

Originally Posted by Lunar

I used the cafeteria bombing only as an example....politicians have been targeted from the beginning.
Not all live within the Green Zone....not that it is that safe of a haven....probably the 30% that manage to show up.
Those that live outside of the Green Zone still have to travel to it in a security convoy and considering security personnel pull in upwards to 1000$ per day each....5000$ doesn't go far.

Gee I wonder why the people of iraq are pist cause they sit in poverty while they are flying back and forth to dubai where they live living on the high hog making millions of dinar a month.....Id be pist cant earn a living cause jobs are scarce and the value of my currency compared of other countries around them isnt worth a dam....im suprised that they all just dont up and move to a neigboring country where there is more opportunity to provide for there families....maybe its a pride or religion thing..I dont know

Originally Posted by shotgunsusie

i feel like you do webster. also the posters who keep bad mouthing the iraqis calling them lazy simply because they havent been paid yet, as if thats the blame of the iraqis themselves. these debts and this muck all came from the saddam era and now the iraqis are lazy because of his mess?? how do you figure? i am grateful to the iraqi people, because of their strife my family will forever be indebted.

anyone who complains about this venture shouldnt be allowed to profit from it. no one forced you people to buy anything yet you expect to reap the rewards after youve proven youre not worthy.

Hey you forgot ILLITERATE and CORRUPT...Also, that refers to the LEADERSHIP...not the paupers.

Originally Posted by Icemann 30

The thing to understand is that the Iraqi upper class was made up of baathist, sunni's. Who where displaced when we invaded. The middle class was smart enough and had just enough money to flee during the last 20 years of Sadam's rule. So that leaves the lower class in country at this time. They are mostly uneducated and incapable of running a country effectively. Although given the time constraints they haven't done to bad a job.

Take a look at how long it took us to write our constitution and the time frame we have spent on new laws. We have expectations that they should do things in half the time and with NO arguement.

I think things have gone pretty well time wise, given all that they are up against on a daily basis.

Doesn't mean I don't wish for a reval yesterday, just means I won't go calling names of the Iraqi's because they are holding up my dream.

^5!!

Originally Posted by Offshore-Wealth.com

Interesting,

What we are seeing is fear driven, both Saudi Arabia and Kuwait are already beyond peak, but few outside of the country, and industry know the truth, so it did not surprise me that they have been holding out on forgiving debt, never mind refusing. There futures are not bright, and they know it. Just look at what the Saudi's are doing, building islands, hundreds of skyscrapers, even an indoor sky resort, so the truth be known, they have to go in different direction as their oil parade is almost over.

Peak oil is the point when global oil production peaks, leading to a steep and irreversible decline which both Saudi Arabia and Kuwait are dealing with. The moment when peak oil occurred, occurs or will occur is still under debate given both no longer utilize outside consulting companies. But the effects are already being felt.

The signs are all around us, you just need to put the pieces together.
Nine out of ten of the largest oil fields in the world have entered into decline. One in particular--Mexico's Cantarell oilfield--has dropped by 20% in production so far.

Oil prices have tripled since 2000, and we're never going to see oil below $50 a barrel, ever again. We haven't even hit the summer yet, when oil prices are at their highest, yet oil is threatening last year's high of $78 a barrel.

Oil companies are fighting like hell not just to boost their production and reserves, but also to hide the fact that anything is wrong. But numbers don't lie. In 2006, Shell produced twice as much oil as it discovered. Not to mention that the oil boys are also grasping at unconventional sources like oil sands to increase reserves.

Now let's factor in the fact that three quarters of the world's oil reserves are controlled by OPEC. OPEC countries like Saudi Arabia refuse to disclose statistics on their oil fields, further complicating the calculation of peak oil's actual date.

Yet even if you believe peak oil won't happen for another few years, one thing has become apparent: the world hasn't collapsed from higher oil prices.
If people cringe at $3 for a gallon of gasoline, they'll look back fondly on that when gas hits $5. But where will that end? Sure, $5 gas is better than $10 gas.

This is what it comes down to: What is the breaking point for oil prices when people wake up and realize we're living in a world of peak oil? $100 a barrel? $200 a barrel? If you had asked someone that question ten years ago, they might've said $70 a barrel.

And amid the struggle to increase production, the shadow of our rising demand looms more ominously every year. By 2015, we will need to produce 13 million more barrels of oil every day compared to today's production! By 2030 we'll need an extra 33 million barrels per day. These numbers, taken from the Energy Information Agency's International Energy Outlook 2006, may even be too low, as some experts predict.

So where does that leave us?

Money for the Taking

Once you accept the reality of high oil prices, you can take one of two paths.

The first is to sit idle like my friend at the gas pump, sacrificing your hard-earned cash to your SUV's $80 thirst for unleaded every week.
Not the most attractive option, is it?

The other choice you have is to play your money off this surging commodity. Any investor--any smart investor, that is--will look to the future and jump on it in the present.

When was the last time you saw somebody making money by sitting on his thumbs?

It's no secret that the U.S. is growing tired of Middle Eastern antics, with the oil sheikhs driving prices up and never boosting production to meet the swelling demand. What did OPEC say? They are "comfortable" with the present oil market and see no need to boost production.
Very comforting, indeed.

This leads us to the alternatives. Granted, renewable sources are vital to meeting long-term energy needs. But our thirst for oil isn't going away anytime soon.

So where will we get our oil in the future?

The door is wide open for Canadian oil sands, but bringing this oil to market will take many years as the extraction technology is not quite here yet. The U.S. is trying to increase their Canadian oil imports to over five million barrels per day. The potential profits in these companies are staggering, so yes, there are some great investment opportunities as these new reserves are tapped cost effectively, and with the price of oil to soon hit $100. per barrel, it is going to happen.

What Iraq should do is plant itself on the borders of Kuwait and pump the region dry knowing Kuwait was already cross drilling into Iraq which prompted Saddam's attack. Amazing how ungrateful Kuwait is after U.S. saved their greedy a$$es. Short memories goes along with their short oil reserves. lol

Good luck and health to all, Mike

It is generally not well known that Canada is America's largest foreign oil supplier at 19% of America's usage; Saudia Arabia is at 17%. Much of the Canadian oil is, in fact, extracted from the Athabasca oil sands a few hours north of where I live. There are currently projects under construction, or soon to be under construction, nudging toward the $100 billion mark. Extraction costs are under $10.00 per barrel.
It is also not well known or well publicized that America has, by far, the largest oil reserves of any country in the world in just two major concentrations; the Colorado/Wyoming shale beds and the Gulf of Mexico. The technology for oil removal from the shale beds is already advanced to be on par, costwise, with the Athabasca oil sands in Alberta.
I believe America wants to use oil from other parts of the world so that ultimately it will totally call the shots when the oil under its soil is well over 50% of what is left in the world. Hence, they are diligent in ensuring that known oil that can be very inexspensively extracted is flowing freely for the world to use in the meantime.

Originally Posted by Lunar

Russia's role in the International Conference on Iraq
27 / 04 / 2007

Held at Sharm el-Sheikh in period 3, May 4 (May), the next international conference on Iraq. What is the role of Russia?

It is known that effectiveness will be in two phases. The first special meeting to discuss the so-called "International Convention to help Iraq" (or the "International Covenant for Iraq"), which were the result of cooperation of the Iraqi government and the United Nations. There is talk about the plan provides for a number of actions in political, social, economic and security issues to improve the situation in the country. The tasks identified by the Iraqi government intends to implement over the medium as well as pledges by the international community for the adoption of money to solve them.

This meeting will be in essence a continuation of the work of the group of donors to help Iraq, which began in Madrid in October (October) 2003. With so interdependent social and economic issues at this time very closely indeed with the solution of political issues and the stabilization of the situation in the field of security. This is logical because the four years that have passed since the toppling of Saddam Hussein showed that efforts to rebuild the social and economic infrastructure in Iraq running security problems.

Special ists have taken foreign companies and representatives of humanitarian organizations fall victim to terrorists in addition to the Iraqis, making the work under such circumstances virtually impossible.

The Russians convinced from bitter experience that. In 2004 the company Mentspo "Wynter Einergo Service Agency" t 1 through 5 a month to three times the attacks two kidnapping hostages and shooting on Autobishem. And this has resulted in three dead and wounding eight injured. After that, Russian companies operating in Iraq evacuated all of its affiliates practically from there. In June (June) 2006 staff came to attack the Russian embassy. And then claimed responsibility for the kidnapping and murder of four Russian citizens organization linked to "Al Qaeda".

It should be noted that Russia is not affiliated to the group of donors Iraq, which prefer to provide assistance to this country on a bilateral basis. Russia agreed to drop the bulk of the debt owed by Iraq and provided assistance in rebuilding the electric energy installations large and is ready for cooperation in the field of oil. He told "Novosti" a source close to the Russian delegation, which will travel to Sharm el-Sheikh on condition of anonymity : "We do not like wasting money on the funds, but we are ready to work with the Iraqi government in specific projects and at least express our expressed desire to return to Iraq."

The saying President of the Russian Federation to workers in the oil and gas industry, Yuri Shafranik, which was formerly headed by the cultural cooperation and practical and technical cooperation with Iraq. He indicated at a press conference in Moscow in mid-April (April 5) being that Russian companies could begin work in Iraq this year in the absence of force majeure. He said that no agenda for the working meetings and conferences as well as the visits of representatives of the Iraqi leadership to Russia this year has won the approval of both parties. All this allows to start a frame. The Shafranik that Russian companies could work in Iraq as "investors and contractors."

Given all these facts will Russia during the first day of the Sharm El-Sheikh conference on the likely role of observer rather than an active participant in the "International Convention" above. However, Moscow considers that the document to be adopted at the May 3, as the source of "Novosti", rich in content. The issue lies in the need to implement all the undertakings to which our parties themselves. This is not easy, particularly since the international and legal point of view according to the source would not be a direct effect. So, it is possible to keep all the items listed in it as a mere rhetorical declarations times happened in the case of Iraq.

Regarding the second day of the May 4, it is scheduled to hold an expanded meeting of the neighboring countries with the members of the UN Security Council permanent members and representatives of "eight adults."
Russia intends to play an active role here. The source said "Novosti" : "We await a constructive and useful on the actions that must be taken to stabilize the situation in Iraq, because of the Sharm El-Sheikh conference, which should meet all of the external forces involved in the Iraqi settlement."

He said that Russia has its own perspectives on what must be done for a settlement in Iraq, then there would table concrete proposals at the meeting.
Source refrained from revealing details because coordinate positions are still being at the present stage including with a number of foreign partners Moscow. But at the same time that Russia's position on Iraq had not changed. In conclusion, he said : "We always talk about the need to achieve national reconciliation. And we insist from 2003 to the inclusion of this requirement in all the resolutions of international meetings on Iraq. We have to overcome the refusal of some of our colleagues foreigners even to the idea of national reconciliation. Now, he went on, everyone speaks Jupha.

This development represents definite progress, but the interest of a few words alone, without a doubt. Particularly, the Iraqi opposition is not an equal participant in the international dialogue on the settlement of the situation in Iraq. "

woOT 4 RUSSIA!!!!