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

Committees to draft tribal conference recommendations
By Kawthar Abdul-Amir and Santa Michael
(Adds details, background)
Baghdad, Aug 26, (VOI) – The Iraqi tribal conference works were extended to another day as deliberations among participants have not completed yet.
"The announcement of the conference final statement is postponed to Sunday as debates among participants have not completed yet," a conference organizer, Fa'al Ni'ma Zuheeb, said.
The conference set up four committees to address and draft recommendations on issues related to Baath uprooting law, dialogue with resistance and combating terrorism, disbanding militias, and rebuilding the armed forces.
Earlier the participant tribal chiefs signed an "Honor Pact" in which they pledge to reject terrorism, killing on identity, and coercive displacement and to act to stop blood shedding.
The Iraqi tribe chiefs meet in this conference following a national reconciliation initiative launched by Prime Minister Nouri al-Maliki last month to try to end a spiral of violence that has claimed thousands of lives in recent months.

Iraq-Conference-Update 1 :: Aswat al Iraq :: Aswat al Iraq

Originally Posted by pipshurricane

Next month Adam we will give you this trophy award to have bring to us this opportunity last year!!!!

Loadsa lol, thanks, like it, will take the award with pleasure. Hope it'll be real gold paid for with all our new found wealth!!

Originally Posted by Pippyman

Ok another rumour alert from another forum! Here it is!


"Sept. 2, for what it's worth...

I was on the "Dr. Q & Friends" phone call last night and after most of the folks hung up there was a guy still on the line that said his source out of Iraq told him the dinar would peg Sept. 2 at 28 cents. Don't shoot me, I'm just telling ya what I heard.

During the call, the company guy said that one of their customers that buys from them works for BoA. He said that BoA has put pictures of Iraqi dinar in their training books and are teaching the bank staff about the dinar security features."

I personally went in to the local Bank of America branch in Mesquite Texas and ask to speak with the branch manager. I explained to her that I had aquired some Iraqi dinars and that I wanted to know how the exchange process would work once the dinars could be exchanged. She explained to me that they had a book with all currencys that they exchange. When the dinars become exchangable, all I have to do is bring them in and they will compare the physical currency that I bring in to their book and by that means they will verify their authenticity. After that is done, I can make a deposit or take the cash exchange, my choice.

The rate of exchange is determind by them simply making a phone call to get the latest exhange rate.

Originally Posted by Pippyman

Hey All

This is a long article. You may want to go and read it. According to this article looks like there may still be a while to go. And it seems that the investment law has not been passed yet.



Oil majors maneuver for prime position in Iraq

Wed Aug 23, 2006


http://today.reuters.com/news/articl...INVESTMENT.xml


"LONDON (Reuters) - The world's top oil companies are maneuvering intently to win a stake in their oilfield of choice when Iraq finally opens to multibillion dollar investment.

From a safe distance, multinationals are poring over data from Iraq's most promising oilfields and some of its older workhorses to gain the edge when the bidding begins.

Iraqi Oil Minister Hussain al-Shahristani has signaled the race for oilfield deals worth $20 billion could start this autumn. But oil men, noting a lack of security and investment law, are under no illusion that drilling is imminent."



"The past three years have not been wasted," said an executive at an oil major. "But we won't put our money on the table and our people on the ground until we see more clarity on investment and a vast improvement in security."

"Those scouring the globe for oil are willing to wait patiently for an opportunity in Iraq, home to 115 billion barrels of proven reserves. Each company is out for itself, but alliances are expected to emerge.


"Most likely there will be consortia chosen to take care of the big oilfields," said Shamkhi Faraj, Director General of Marketing and Economics.

"And the majors, because of their expertise and investment capability, stand a better chance of leading some of them."

Iraq's oil minister is hell-bent on moving swiftly to lure foreign cash to rebuild and power the country's economy.

A meeting of the Organization of the Petroleum Exporting Countries in Vienna on September 11 will provide a venue for further discussions, but a major breakthrough is not expected.

"Shahristani may elaborate on our position, but we can't do serious business," said a veteran Iraqi technocrat. "There's no law and order and we're still working on an investment law."


.

Some great finds PH, thanks. Could this be an older article being re-hashed? Or could these statements by the oilmen be from an old interview?

I don't particularly remember seeing any solid proof that the FIL has been passed, just rumors. This article is the closest that I can remember seeing that says something definite as long as the statements are current. But I could've missed something with all the great finds here.

How can one go about finding out if this is really a current article or an old one being re-hashed?


Thanks,
Monica

Originally Posted by Adster

Loadsa lol, thanks, like it, will take the award with pleasure. Hope it'll be real gold paid for with all our new found wealth!!

Congratulations Adam,

Your unique 'Last Time You Will See This" was a real keeper in the world of marketing, so you need two awards. LOL

Good luck to all, Mike

Thanks Mike, think it needs bumping back up for old times sake, LOL.

Hi Monica,

This was an old article, so it does not hold much value at this point in time. My Kudish contacts are being flooded with oil related investment offers, as will Baghdad when they get the security in control. There is no way the investment law is not in place, they simply have not announced it yet, so this is not an issue as I see it. There is no way they would have two different laws, one for Kurds and one for Baghdad, so it is all a matter of timing to announce it to the world. Some serious talks are going on behind the scenes is latest tidbit, so this may be a good sign as things have been quiet overall.

Good luck to all, Mike

It started a long long time ago....

Bumpety bump!!

Committee on Oil and Energy conducted a series of meetings
[19:50, 26 Aug 2006]
Pna-Salem-peaceful Baghdad : Committee held oil and energy ministers in the Council of a series of meetings on Thursday and Friday
Saturday, 24, 25 and 26 August under the chairmanship of Dr Barham Salih Deputy Prime Minister in the presence of Messrs.
Minister of Oil, Electricity, Finance, Planning, Commerce and Justice, the representative of the territory and the number Cordstan
Advisers. These meetings for the study of the concepts and proposals for
Law hydrocarbon wealth and hopefully soon be completed for submission to the House of Representatives
Iraqi ratification by the Iraqi Constitution.
It is clear that this law to be enacted would have significant economic benefits to the sector
Oil particularly the Iraqi economy in general.
The new law will open up broad prospects for investment considered as controls in the national interest
Oil and gas, which will have positive repercussions on the Iraqi economy.

Originally Posted by Offshore-Wealth.com

Hi Monica,

This was an old article, so it does not hold much value at this point in time. My Kudish contacts are being flooded with oil related investment offers, as will Baghdad when they get the security in control. There is no way the investment law is not in place, they simply have not announced it yet, so this is not an issue as I see it. There is no way they would have two different laws, one for Kurds and one for Baghdad, so it is all a matter of timing to announce it to the world. Some serious talks are going on behind the scenes is latest tidbit, so this may be a good sign as things have been quiet overall.

Good luck to all, Mike

Thanks a million dinar Mike!