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

Originally Posted by Tigger1

Because the ones that sold it last week now have experience with it and the ones that did not sell it last week are selling this week so they know how to deal with it when "Whammmmmmo"!!

Just a thought.

how about so each one of them have some out there to exchange back. spreading the profits so to speak.

you forgot the headline on the page above this story: The Central Bank of Iraq Gives new banking licenses

Originally Posted by rvalreadydang

Justice / special source confirmed authorized in the Iraqi Central Bank that there is no intention at this time to change the Iraqi currency,

.It is expected that the issuance of new categories to the transaction in accordance with the requirements of the Iraqi economy to meet the expenses of the state in the next stage. ي.With regard to the supervision of the local banking activity in Iraq by the Central Bank of Egypt and means of reform, The source pointed out that the Central Bank will supervise banking activity level by the activities of banks towards the enhancement of their role in the implementation of monetary policy in particular through channeling the savings to the various aspects of investment, so as to achieve economic growth. عار!.He added : The Central Bank had granted banking licenses of many Arab and foreign banks, whether licensing NTSB open a branch in Iraq or the establishment of a banking entity, It was also the opening of representation offices. This is the beginning of cooperation and openness to the world towards the revitalization of the economy in the country with the Iraqi Central Bank to sell the American dollar against the Iraqi dinar through a daily auction exhibit, since this auction is a tool for achieving stability in the value of the Iraqi dinar by defending the exchange rate stable for a long time. This, in turn, will affect the general level of prices

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Here is a free link for IraqTV.You can watch 3 Stations.It may be usefull !!!

http://wwitv.com/portal.htm:

Originally Posted by shotgunsusie

you forgot the headline on the page above this story: The Central Bank of Iraq Gives new banking licenses

oops, LOL guess the coffee hasn't kicked in yet

Originally Posted by shotgunsusie

ive never qualified for a credit card in my life and chase just sent me one with my name on it and a $500 limit. i filled out one of those apps at the airport in denver on my way through to get a freebie mickeymouse tshirt for my brother. they sent me the card! i couldnt believe it but they must have checked out my reference which was the swim business and deemed me adequate.

they secretly know about my dinar stash, im sure of it!

So glad you posted this. I dont believe in them and never have had one either, and they sent me one too. But i didn't get the T-Shirt.

NOTE:
The 807 daily currency auction was held in the Central Bank of Iraq day Thursday 2006 / 11/ 16 so the results were as follows :

Details Notes
Number of banks 12 -----
Auction price selling dinar / US $ 1454 -----
Auction price buying dinar / US $ ------ -----
Amount sold at auction price (US $) 39.945.000 -----
Amount purchased at Auction price (US $) ------
Total offers for buying (US $) 39.945.000 -----
Total offers for selling (US $) ------ -----

I will not move post until this evening.

Originally Posted by rvalreadydang

oops, LOL guess the coffee hasn't kicked in yet

er somethin, lol!!

16 November 2006 (AFX News Limited)

In an update of operations in Iraq, DNO said its latest well, the Tawke #2 appraisal well located about 2 km to the west of the original discovery, had confirmed good overall reservoir quality, flowing at 3,840 barrels of oil per day (bopd). The discovery well, Tawke #1, is located closer to the crest of the structure, DNO said, and previous research has suggested there could be in the region of 330 mln barrels of oil in place.

On this basis, and using a recovery factor of 30 pct, DNO has said the gross recoverable oil reserves from the Tawke field were estimated to be 100 mln barrels, of which 40 mln would be net to DNO.

However given the latest positive results of Tawke #2, DNO said reserves "may be higher than the original estimates." The Norwegian oil firm pointed out, however, that further work is required to revise the reserve figures, including interpretation of the new 3-D seismic and a re-mapping of the Tawke structure.

However, given the findings, DNO said it is putting together an early production plan, that has been approved by the Kurdistan Regional Government and which should see oil production during the first quarter of 2007.

Pipeline and central processing facilities have already been secured for the plan, with the capacity to deliver approximately 50,000 bopd.

Also on the back of the latest news, DNO said it has decided to accelerate development drilling within the Tawke area, and a third smaller rig is to be mobilised into the area at the beginning of 2007.

Additionally, DNO said it is in the process of agreeing an increased share of the two Iraqi production sharing agreements in which it is currently involved, the Dihok PSA in the northern part of Iraqi Kurdistan, and the Erbil PSA further to the south.

DNO currently holds a 40 pct working interest in both of these PSAs, but under current negotiations with the KRG, DNO said it hopes to take responsibility for 100 pct of the funding obligations of the PSA's in return for receiving additional 15 pct working interest.

The firm added that exploration and development expenditure to date relate primarily to the Dihok PSA, which includes the Tawke field, and that these costs are expected to be fully recovered in 2007 if early production at Tawke goes according to plan.

DNO says latest Iraq oil well indicates potential for even greater reserves | Iraq Updates

PRAGUE, 16 November 2006 (Interfax Central Europe)

Czech oil industry engineering company Prokop Engineering has signed a USD 40 mln contract
to provide an atmospheric distillation tower with a 70,000 Barrels Per Stream Day (BPSD) capacity to Midland Refineries oil refinery in the Iraqi capital of Baghdad, the company said Tuesday.

According to the contract, distillation is scheduled to begin by end-2007, according to export consulting company Technoexport, which will manage the project and get 50% of the profits.
Prokop Engineering has already almost completed the paperwork and purchase of materials, according to Technoexport.

Since the overthrow of Saddam Hussein's regime in 2003 through last year the volume of government-supported projects of Czech companies in Iraq was more than CZK 9 bln, according to data from the Czech Industry and Trade Ministry. According to the trade promotion agency of the ministry of industry and trade, CzechTrade, exports to Iraq last year totaled CZK 396 mln and totaled CZK 56 mln in H1 2006.

During the 1970s and 1980s, the former Czechoslovakia was active in building Iraqi industry, in particular chemical and petrochemical production and engineering projects. Prior to the United Nations-imposed embargo on commercial exports to Iraq in 1990, Czech engineering companies were very active in providing equipment to Iraq's oil refineries, according to Prokop Engineering business manager Libor Bastl.

The company expects to expand its business in the country in the future. "It is logical [for a Czech company] to go back to the territory," Bastl told Interfax. "Czech engineering companies have an excellent reputation there."

Prokop Engineering does business in Syria, Belarus, Russia and Egypt.


Czech oil industry engineering firm Prokop Engineering strikes USD 40mln deal in Iraq | Iraq Updates

Originally Posted by pipshurricane

PRAGUE, 16 November 2006 (Interfax Central Europe)

Czech oil industry engineering company Prokop Engineering has signed a USD 40 mln contract
to provide an atmospheric distillation tower with a 70,000 Barrels Per Stream Day (BPSD) capacity to Midland Refineries oil refinery in the Iraqi capital of Baghdad, the company said Tuesday.

According to the contract, distillation is scheduled to begin by end-2007, according to export consulting company Technoexport, which will manage the project and get 50% of the profits.
Prokop Engineering has already almost completed the paperwork and purchase of materials, according to Technoexport.

Since the overthrow of Saddam Hussein's regime in 2003 through last year the volume of government-supported projects of Czech companies in Iraq was more than CZK 9 bln, according to data from the Czech Industry and Trade Ministry. According to the trade promotion agency of the ministry of industry and trade, CzechTrade, exports to Iraq last year totaled CZK 396 mln and totaled CZK 56 mln in H1 2006.

During the 1970s and 1980s, the former Czechoslovakia was active in building Iraqi industry, in particular chemical and petrochemical production and engineering projects. Prior to the United Nations-imposed embargo on commercial exports to Iraq in 1990, Czech engineering companies were very active in providing equipment to Iraq's oil refineries, according to Prokop Engineering business manager Libor Bastl.

The company expects to expand its business in the country in the future. "It is logical [for a Czech company] to go back to the territory," Bastl told Interfax. "Czech engineering companies have an excellent reputation there."

Prokop Engineering does business in Syria, Belarus, Russia and Egypt.


Czech oil industry engineering firm Prokop Engineering strikes USD 40mln deal in Iraq | Iraq Updates

Gotta love the fact these foreign companies are willing to go to Baghdad, even a year away. Good sign pips.

Thanks guys, just posted here.

http://www.rolclub.com/iraqi-dinar-d...g-surgery.html