Thread: Iraq/Dinar News Until 5/31/2007 7:15 PM CST..

Shahrastani : The Iraqi oil will not allow foreign control

(صوت العراق) - 25-05-2007

(Voice of Iraq) - 25-05-2007

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Dubai (Reuters) - The Iraqi Oil Minister in a statement published on Friday that the Iraqi oil is not expected to provide production-sharing contracts will ensure control of the Iraqi National Oil Company, 80% of the oil reserves.

"Hussein Shahrastani told the newspaper everyday life, "There is no mention of partnership contracts in production."

He added that the Iraqi National Oil Company owned by the state would dominate all fields except those unproductive far, far away from the production stage.

He said : "This means that 80% of the reserves discovered Iraqi dedicated to the company, this Iraqi national invalidates the claim that the law will pave the foreign companies monopolizing the oil of Iraq."

His agreements exploit other oil fields left to the federal oil and gas.

Looks international companies to the giant Iraqi oilfields and unused full. Iraq needs billions of dollars of foreign investment to enhance oil production and rebuild their economy.

Shahrastani was quoted as saying in India that the new law will be issued within two months. The law is a prerequisite for the legalization of wealth sharing Iraq's oil reserves among the sects and ethnic groups.

He said that the production capacity of Iraq now hit 2.8 to 2.9 million barrels per day. He continued, "the possible lifting As planned to three million barrels per day."

He added that Iraq is trying to add new units to Iraqi refineries to increase the production capacity of 700 thousand barrels daily to 750 thousand barrels a day to meet an increasing demand for derivatives.

The energy sector struggling to recover from years of mismanagement and sanctions and militant attacks on the infrastructure.

In Iraq, eight refineries for refining not affected any of them during the invasion led by the United States in 2003.

Translated version of http://www.sotaliraq.com/

Originally Posted by RollsRoyce

Yeah, well, okay . . . I'm seconding this here emotion . . . no Rate mention until all banks are closed . . . Sat Evening . . . and that's only if I / we / get permission . . .

I / we, in no way want anyone buying any more than they should . . . and some will hock the ranch . . . plus we are talking about people that delay stuff / regardless of rhyme or reason . . . 100% . . . IMHO . . . not likely . . .

Best to all . . . RR . . .

hence why i havent posted more. i dont like black helicopters.

Originally Posted by RollsRoyce

Yeah, well, okay . . . I'm seconding this here emotion . . . no Rate mention until all banks are closed . . . Sat Evening . . . and that's only if I / we / get permission . . .

I / we, in no way want anyone buying any more than they should . . . and some will hock the ranch . . . plus we are talking about people that delay stuff / regardless of rhyme or reason . . . 100% . . . IMHO . . . not likely . . .

Best to all . . . RR . . .

I agree RR. I want to get excited, I really do, but after the last couple of years of seeing delays, cancellations and arguments I'm going to stay reserved at the moment.

Oh but it's so hard with the excitement of my fellow RC family

Originally Posted by shotgunsusie

hence why i havent posted more. i dont like black helicopters.

Yeah, Sus, it's heavy, ain't it . . .

Best, Darlin . . . RR . . .

Originally Posted by RollsRoyce

Yeah, Sus, it's heavy, ain't it . . .

Best, Darlin . . . RR . . .

It's not nice to tease members of your family.

Originally Posted by mountaingirl

It's not nice to tease members of your family.

Hmmmmm. . . to late to remove my post . . . . MT-Gal - Sorry . . . I just can't say anything more for approx. 32 Hours . . . Again, sorry . . .

Best to you & all . . . RR . . .

Originally Posted by RollsRoyce

Hmmmmm. . . to late to remove my post . . . . MT-Gal - Sorry . . . I just can't say anything more for approx. 32 Hours . . . Again, sorry . . .

Best to you & all . . . RR . . .

All is forgiven if you promise it will be good news. LOL

Originally Posted by RollsRoyce

Hmmmmm. . . to late to remove my post . . . . MT-Gal - Sorry . . . I just can't say anything more for approx. 32 Hours . . . Again, sorry . . .

Best to you & all . . . RR . . .

Dearest RR,

With that little tidbit, rest assured this with undoubtedly be the LONGEST 32 hours of my life, God love ya.. (It's madness, madness I tell ya1)

Originally Posted by whatever

Dearest RR,

With that little tidbit, rest assured this with undoubtedly be the LONGEST 32 hours of my life, God love ya.. (It's madness, madness I tell ya1)

No, No, No, don't lay that on me . . . keep it in perspective . . . remember I'm not there . . . I'm in PA. & I hear stuff . . . albeit sometimes from guys / gals who are over there . . . but they are not in the room . . .

Best & please make relaxed & enjoy your holiday weekend . . . RR . . .

Originally Posted by RollsRoyce

No, No, No, don't lay that on me . . . keep it in perspective . . . remember I'm not there . . . I'm in PA. & I hear stuff . . . albeit sometimes from guys / gals who are over there . . . but they are not in the room . . .

Best & please make relaxed & enjoy your holiday weekend . . . RR . . .

You say this about 32 hours and now you tell us to relax and enjoy the day.
That will be impossible. Is there anything else you can share that might keep us all happy for the following 32 hours?