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

Originally Posted by AlwaysDreaming

Woo Hoo!! FIL ENACTED Do you have the link?

Link: Iraqi PM says no deadline for US pullout, rejects militias at news conference | Iraq Updates

Bloomberg.com: Japan

Japan Seeks Oil Security in Iraq, Indonesia After Iran Setback

Oct. 27 (Bloomberg) -- Japan, dependent on imports for 99 percent of its oil and gas, may turn to Iraq and Indonesia after it lost control of Iran's biggest untapped field.
Prime Minister Shinzo Abe's government promised this week to invest in Iraq's shattered energy industry in the hope that Japan will be able to tap the world's third-largest oil reserves. State-controlled Inpex Holdings Inc. may spend $4.2 billion to develop the Abadi gas field off Indonesia.

Iran's decision to strip Inpex of its majority holding in the Azedegan field has jeopardized plans to acquire overseas assets capable of meeting 40 percent of Japan's oil demand within 25 years. The country is competing for reserves with China and India as they try to meet soaring energy demand, bidding up the cost of assets.

``The fields that Japanese companies are currently invested in won't meet the target,'' said Lalita Gupta, an oil analyst at Morgan Stanley in Tokyo. ``It's not enough to invest in the fields, just thinking about the 40 percent target and overpaying for assets, they must have shareholder value.''
Japan, the world's largest oil importer after the U.S, needs to strengthen ties with oil-producing nations and give financial aid to Japanese explorers for developing overseas projects, the Trade Ministry's draft proposal on energy policy said on May 29.
Libya, Vietnam
Japanese oil and gas companies including Nippon Oil Corp. hold licenses to explore and develop deposits in countries including the U.S., Libya, Vietnam, Papua New Guinea and Canada.

Japan's government is lending Iraq $3.5 billion to finance three projects in southern Iraq aimed at helping the conflict- stricken country boost exports.
The yen-denominated loan will finance the redevelopment and upgrade of a refinery in Basra, improvements to oil export infrastructure and a project to produce liquefied petroleum gas, Shin Hosaka, director of the oil and gas division at the Trade Ministry, told reporters in Tokyo on Oct. 24.

``We don't want to miss a boat that leads to vast oil reserves in Iraq,'' Hosaka said. ``The next promising source of oil is Iraq.'' AOC Holdings Inc., a Japanese oil explorer and refiner, said on June 2 it had proposed a $3 billion plan to Iraq to upgrade war-torn oil export terminals. Japan Petroleum Exploration Co., the country's second-biggest oil explorer, has a contract with Iraq's oil ministry to assess four oilfields.
Peak Production
Oil production in Iraq peaked in December 1979 at 3.7 million barrels a day, according to the U.S. Energy Department. Iraq is producing almost 2.5 million barrels a day, Oil Minister, Hussain al- Shahristani said this week. That's close to output before the March 2003 invasion by a U.S.-led coalition.
Iraq, where insurgents have attacked pipelines and oil export terminals, plans to boost production to 4.5 million barrels a day by 2010, he said in Tokyo this week.
Inpex plans to drill four appraisal wells at the Abadi natural gas field next year, aiming to start production in 2015. Inpex is studying processing options including turning the Indonesian field's output into liquefied natural gas, spokesman Kazuya Honda said on Oct. 18.
The Abadi field, situated in the Timor Sea, may hold between 7 trillion and 10 trillion cubic feet of gas, Andrew Andrejewskis, Australia's Northern Territory's director of petroleum developments, said last year. Japan consumed 2.86 trillion cubic feet of gas in 2006, according to BP's Statistical Review of World Energy.
Sakhalin Threat
Developing Abadi including turning the field's gas into LNG may cost 500 billion yen ($4.2 billion) including a liquefaction plant in Australia, the Nihon Keizai newspaper said on Oct. 18.
At the same time, Japan's largest gas investment to date is under threat. The Royal Dutch Shell Plc-led Sakhalin-2 liquefied natural gas and oil project has been delayed after Russian authorities questioned the development's cost increase to $20 billion and its environmental impact.
Shell, based in The Hague, owns 55 percent of the Sakhalin- project, the largest foreign investment in Russia. Japanese trading company Mitsui & Co. holds 25 percent. Mitsubishi Corp., Japan's biggest trading company, owns 20 percent of the venture. OAO Gazprom is in talks with Shell and the two Japanese companies about acquiring a stake in the project.
On Oct. 8, Iran slashed Inpex Holdings Inc.'s stakes in Azadegan oilfield to 10 percent from 75 percent because the Japanese company delayed developing the field. Inpex, which hadn't managed to arrange financing for the project, blamed uncleared minefields in the area.
Inpex's loss of operator rights at Azadegan may not be bad for shareholders, Morgan Stanley's Gupta said. The terms governing the development of the oilfield wasn't economically attractive, she said.
``Its important for companies to think of net profit, shareholder value and quality of assets,'' she said.

Originally Posted by shotgunsusie

actually, they could...


but like was mentioned earlier, they do that and big money wont be as likely to get right in. however, you revalue between a dollar and two dollars and big business will fall all over themselves to buy up what dinar we sell. that is IF the us govt. lets any of it get away, lol.

I would love to hear how they could RV at 3.00!

OneOar

(snip)

Economy, rights, education

The first track is that of improving the Iraqi economy, easing the brunt of poverty inherited from the former regime, and providing public services after the destruction of the infrastructure. Praised be God, there is large improvement in the economy and per capita income and in the level of services that are rendered daily in the various governorates.Also there is improvement in the fields of investment and economy and a rise in the level of income. Hundreds of thousands of jobless people have been employed. This is something which must be taken into consideration. I confidently say, based on accurate figures, that hundreds of thousands of people were absorbed in state institutions in the various domains. These include the educational and industrial sectors. Tens of thousands of people who were dismissed for political reasons during the former regime have been reinstated.

"It also pleases me to talk about the strength of the state in entrenching principles of human rights and developing the educational sectors and higher education. It improved performance in these areas after having inherited ruined schools and universities. Praised be God, our universities have now started to recover and our schools have started to regain their status. Determination is still strong. The state will allocate a large explosive budget next year for all sectors. The budget will for the first time come close to 40bn dollars from 19bn dollars in the first year.

"In order to develop the economic and investment sectors, the government has succeeded in enacting an investment law, which was approved by the Council of Representatives. The Iraqi scene is now open for all national and foreign capital to invest and participate in improving the economic life, creating work opportunities and improving economic performance. There is room for investment in all industrial, agricultural, oil, housing and trade sectors. This gives the Iraqi economy strength and bases it on stronger foundations. It also gives us a chance to move forward towards investment in major projects that will be accomplished this year like the great port of Iraq, airports and large housing complexes. The government has made up its mind to do this and we have instructed the official quarters in the state to allocate a piece of land to every citizen who loses his land and needs to build a house. The real estate banks have also been instructed to provide the citizens with the necessary loans to build houses. The government will pay part of these loans in the form of grants and gifts. The government is also planning to build residential complexes in all governorates and districts to ease the crisis from which the inhabitants are suffering due to the dense population.



More good stuff!!

This is great news that you found. We may see some thing shortly and it's about time.

(Voice of Iraq) - 10-27-2006 | This issue was sent to a friend

Rubaie : American forces trying to thwart the Iraqi government
Al-Hamad of Zahi
Baghdad - (Voices of Iraq) Nassar said Rubaie member of the Iraqi parliament bloc chest today, Friday, that the American forces are trying to create some problems side of the Iraqi government for the abortion operation.
He added spring in a statement to the News Agency (Voices of Iraq) Independent that the "leaders of the attack, which the American army on Sadr City in Baghdad, is an attempt by the Americans big embarrassment to the Iraqi government and broad sectors of the people and therefore fail."
The American warplanes bombed at dawn last Wednesday six homes in the city, which led to the death of six persons and wounding 15 others, all of them civilians, Iraqi forces detained a joint American and ten civilians from the city's residents at the same time.
With Eyewitnesses from Sadr City in the east of Baghdad that the city is exposed to the raids range of American and Iraqi forces, including the two mosques and schools after Friday prayers today.
The spring that the "American forces suffering from a real crisis in Iraq as a result of the rampant violence in the Iraqi street, which make them flailing in the face of this violence and then enter into battles-hoped-calculated."
He said that the American forces live what he called the "moments of the last moribund" in Iraq as a result of violence faced by these forces in the Iraqi street, which forced the Americans to restore their accounts.
Spring and wondered "Why not come out of American forces from Iraq Madmamt Iraqi government has taken matters in the country."
He denied at the same time, the existence of "any signs of a civil war in Iraq."
He said a member of Parliament "that the situation in Iraq will not rest only the departure of American forces from Iraq and hand over the security file to the Iraqi government."
The American forces had imposed a blockade on Sadr City last Wednesday till today, Friday, and placed checkpoints at the entrances to the city.
The forces searched vehicles entering the city and leaving them close searches. In order to search for the American soldier of Iraqi origin, who was kidnapped in Baghdad as Iraqis celebrate Id al-Fitr.
H M

Sotaliraq.com

(Voice of Iraq) - 10-27-2006 | This issue was sent to a friend

Talabani to Paris next week to meet Chirac


Paris (October 27) and the agency (Lucky) Italian News - The French diplomatic sources that Iraqi President Jalal Talabani will visit to Paris, next week, He will meet French President Jacques Chirac and French officials. No announcement French Presidential Palace (Elyse) of the visit yet, But informed sources expected the announcement of the visit Talabani, the first of next week. It is said that it is the first visit by Talabani to France as president of Iraq, as he was visited several times, most recently in December 15, 2003 as a member of the interim Iraqi government. France supports the political process in Iraq and calls for the identification approved for the withdrawal of foreign forces from its territory.

Originally Posted by Caddieman

I would love to hear how they could RV at 3.00!

Oh Lord Caddie, it has been posted on here so many times how that is extremley possible. Youll have to do some reading in some of the back posts, go back even thru this thread and youll find some info on that very subject.

Gunter. While oil accounts for 67 percent of the country’s GDP!!

I thought I saw somrewhere that this was like 98% or something like that?Illike tosee if I can find it..

Originally Posted by Caddieman

I would love to hear how they could RV at 3.00!

How does $3.00 relate to the exchange rate to surrounding middle east countries. I would have thought that was too high, although i wont complain if it does reval at this level.

[QUOTE=fsndirector;126696]Oh Lord Caddie, it has been posted on here so many times how that is extremley possible. Youll have to do some reading in some of the back posts, go back even thru this thread and youll find some info on that very subject.[/QUOTE

I have gone back and seen them.