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

Originally Posted by phiberoptik

good luck with that it takes 25 years to become a citizen and the non citizens dont have rights. cant own/rent property,open bank accounts, buy cars, set up utilities, etc. to get a resdency visa you only have to 1. get a sponser ( about 600kd per month = 1800 usd ) 1800x12x25= a hell of alot

i was just making a dumb/funny comment, no plans as of right now to deffect to kuwait, but never say never

( 100th post, do i get a prize ? )

Originally Posted by jsfletcher

I know that technically it is tomorrow, but I wanted to say happy veterans day and THANK YOU to everyone who has or is currently serving. (neysayers included) yesterday I got back from the family vacation, we were in the airport and I saw a man dressed in his army fatigues, I'm not sure why I did it, but I walked up to him and stuck my hand out, he shook my hand, I looked him in the eye and said "thank you" that's all I said. He looked at me, and all though his facial expression did not change much, his eyes looked down at my young son, he nodded his head and said "thank you for saying that" nothing else was said, but if you have ever been part of a "moment" you would understnd what I am talking about. For a very short 20 seconds of my life, I felt like I was in the presence of someone great. So again thank you to all!!

You made my day with this post!

Thank you Fletcher, I am a Vietnam vet and coming home was not a pretty sight! Folks weather you agree or disagree with the war/s the soliders, sailors and aviators are only doing what they do for their country, and their loved ones back home. They really do not have any say in it. Hate the war, that is fine, but give thanks to thoses who put their life on the lines for you!

Originally Posted by badboy

Well JB marched into Chase outside of Denver today and ordered a cool million his first. no problem picks it up on Monday pd. $764.00 not bad huh. Add another member to the Dinaraholic squad . Now what would happen if it reval'd before he picks it up even if its already paid for. We'll see if we can get him to share his experience with us . Myself I bought a couple of dinar coins recently 1 of each just to check them out 25 &100 about the size of a quarter. Crap now I can't find them glad I have the multi mills in the safe & its bolted to the floor & to heavy to pick up . So don't even think about it .I'm ready to dig some out & trade for some greenbacks though & I told my boss I won't quit working rite away but the rules are going to change a bit. See you all in MillionAire-Acres

if you read the back of your reciept, i think they would give you your usd back, and not your dinar, because the transaction hasn't been completed yet, just my guess, not a lawyer

Originally Posted by mike brown

i was just making a dumb/funny comment, no plans as of right now to deffect to kuwait, but never say never

( 100th post, do i get a prize ? )

sure...this and about $4 get you a nice cup of coffee at starbucks

or better yet have SGS overnight you a piece of her leftover birthday cake

Originally Posted by mike brown

i was just making a dumb/funny comment, no plans as of right now to deffect to kuwait, but never say never

( 100th post, do i get a prize ? )

Personally I like Costa Rica and they speak english too. it's just pretty

Originally Posted by wciappetta

Personally I like Costa Rica and they speak english too. it's just pretty

too expensive for what get

Hi Everyone,

I just wanted to get everyones opinion on this article I am not sure if it has been posted so if it has I am sorry but I was unable to read the whole tread today. You know when you read something and it just sits wrong with you well I read this article and it did just that. I am not trying to bring anyone down I really want you to tell me I have got it wrong and it is just anther reporters take. This is what I really think but I just need some as it was sitting bad with me. First of all do you think we need the HCL before we can RV I am up and down on this point? If so this article says that Baghdad Government will pass it in December or early 2007 I thought they had to pass it before the end of the year. I thought it was a deadline for them. I am sure this is nothing to worry about I just needed some members to reassure me of this. I guess sometimes you just get panicked about silly things when you are so close to a life changing event which I really need right now I have a very sick family member and I am running out of time. You may think I am silly but please answer and let me know I am wrong it would make my night.

I DO STILL BELIEVE MONDAY WE WILL BE AT THE BANKS WITH HAPPY HAPPY SMILES!!!!!!


Kurdish Oil Law Poses Problem For Baghdad
Iraq: Kurdish Oil Law Poses Problem For Baghdad
10/11/2006
Source: Radio Free Europe

On October 22, the Kurdish regional government published a final draft of the petroleum law. The draft document is to be debated within the regional assembly and, if passed, it would place the region's government in opposition to the central government in Baghdad, which has indicated that it will publish its own completed hydrocarbon law sometime in December or early 2007.

If parallel legal frameworks are established in the Kurdish autonomous region and Baghdad, foreign firms wanting to do business may have to sign separate contracts and adhere to the laws of two governments. Thus, the issue remains as to whether a compromise can be reached between the Kurds and the Iraqi central government, or whether the division of oil revenues will prove to be a source of further instability in a country already reeling from insurgency and sectarian strife.

Kurds Push Own Oil Policy

While violence engulfs much of Iraq and the Baghdad central government continues negotiations over a petroleum law, the Kurds have moved ahead and are poised to pass their own oil law. In addition, they have already signed a handful of contracts with foreign firms to explore oil fields in the north.

Issam al-Chalabi, a former Iraqi oil minister, said the right to control local oil reserves constitutes a major complication between the Kurds and the central government, AP reported on October 25.

"The Kurds have submitted a draft petroleum act to be adopted that gives them the right to control oil, regardless of the government in Baghdad. The Oil Ministry has submitted another completely different draft that gives the authority to the ministry, not regions. It's the main issue of the conflict: oil and Kurds," he said.

The establishment of a petroleum law in the Kurdish region not only underscores the decentralization of oil resources, but it constitutes another step in the Kurds' move away from the Baghdad government.

Tension Over Signed Oil Contracts

In another area of contention, the Kurdish administration has moved ahead and signed exploration contracts with several foreign oil firms, including the Norwegian oil company DNO and the Turkish firms PetOil and Genel Enerji. The contracts place the local administration at odds with Baghdad by stressing Irbil's autonomy at the expense of the central government.

Barzani threatened to secede (RFE/RL file photo)The issue came to a head when Iraqi Oil Minister Husayn al-Shahristani told the state-owned daily "Al-Sabah" on September 24 that contracts signed with foreign firms to develop oil fields in the north without the approval of the central government were subject to review by the ministry. Officials in the Oil Ministry also said that foreign firms currently working in the Kurdish region would be blacklisted in the future from attaining contracts to develop oil fields in southern Iraq.

In response, Kurdish Prime Minster Nechirvan Barzani said the move would be unconstitutional and he issued a statement suggesting that his government may secede if the contracts were rejected. "If Baghdad ministers refuse to abide by that constitution, the people of Kurdistan reserve the right to reconsider our choice," he said.

'Future Oil Fields'

The key issue concerns the control and management of so-called "future oil fields". Although Article 108 of the Iraqi Constitution says, "oil and gas are the ownership of all the people of Iraq" and are to be managed by the federal government in conjunction with regional governorates, only "current" oil fields, which are controlled by the central government, are mentioned, not any discovered in the future.

Kurdish Natural Resources Minister Ashti Hawrami insisted that future oil fields in the Kurdish region are to be managed by Irbil and won't be shared with Baghdad, "USA Today" reported on November 6. "In management of new fields, we are adamant that we will not share with the federal government. Planning, coordination -- no problem. But who has the right to write contracts? We can consult with the center, but the ultimate authority lies with the Kurds," he said.

The issue of future oil fields will becomes all the more significant when the fate of Kirkuk is decided by a referendum in 2007. Recent demographic shifts as part of the Kurds' attempts to reverse the Hussein regime's "Arabization" campaign suggest that Kirkuk may very well have a Kurdish majority, thereby placing the Kurdish government in a good position to annex Kirkuk and take control of its massive oil fields.

Outlook Unclear

The fact that the Kurds have already drafted their own petroleum law even before the creation of a federal law is itself indicative of the strength of Irbil's position, in that the Kurds are a major component of the Shi'ite-led coalition government and without their support the government would probably fall.

Conversely, it may be in the Kurdish administration's interest to back down and show a willingness to compromise with Baghdad. The Kurdish region is land-locked and export outlets are crucial. Experts contend that the existing Ceyhan pipeline from northern Iraq to Turkey does not have the capacity to carry additional crude exports. Furthermore, if Kirkuk is annexed by the Kurds, it may complicate matters with Turkey, which is already concerned that the Iraqi Kurds' ambitions of autonomy may incite their own sizable Kurdish population to follow in their footsteps.

Even if the dispute is resolved, the oil industry itself is in shambles because of rampant corruption and insurgent attacks. The Special Inspector General for Iraq Reconstruction, the U.S. agency responsible for overseeing Iraq's reconstruction, issued a report on July 30 describing smuggling as "pervasive" and "virtually pandemic," which threatens Iraq's ability to maintain, let alone increase oil production.

Even though Iraq is rich in crude oil and natural gas, it must import much of its refined petroleum. Years of UN sanctions left much of Iraq's oil infrastructure in a dilapidated condition, crippling its refining capacity.

Finally, caught in the middle of the dispute are the Sunni Arabs, who fear that Iraq is moving toward partition into three sections: a Kurdish north and Shi'ite south, both rich in oil, while the Sunnis are left with a resource-poor center. The Kurds' demands and aggressive posturing might aggravate the Sunnis' feelings of marginalization and provide more fuel for radicals among them.

http://www.iraqdirectory.com/DisplayNews.aspx?id=2524

Dinar-Excited

Originally Posted by Justpraying

You made my day with this post!

Thank you Fletcher, I am a Vietnam vet and coming home was not a pretty sight! Folks weather you agree or disagree with the war/s the soliders, sailors and aviators are only doing what they do for their country, and their loved ones back home. They really do not have any say in it. Hate the war, that is fine, but give thanks to thoses who put their life on the lines for you!

Folks I did not mean for this just to thank US folks in uniform, we have many countries here that have their military providing support and all of these men and women deserve our repsect and thanks. Lets make to morrow a universal Vetarns Day!

Originally Posted by Justpraying

Folks I did not mean for this just to thank US folks in uniform, we have many countries here that have their military providing support and all of these men and women deserve our repsect and thanks. Lets make to morrow a universal Vetarns Day!

Can we exclude France?