The Dismantling Of The OIL AND GAS LAW on 3 projects to facilitate its adoption in Parliament !

[10 YEARS LATER]

Wonder how they arrived at that ? Pretty bold statement.

[DinarThug]

19 minutes ago, DinarThug said:

Citigroup: The United States will overtake Saudi Arabia to become the largest oil exporter

 

 

26th April, 2018

Citigroup expects the United States to surpass Saudi Arabia to become the world's largest exporter of oil and its derivatives in 2019

US oil production is on record, while OPEC is cutting crude output, the United States is poised to become the world's top crude exporter next year, the US bank said in a report released on Wednesday

Data from the US Energy Information Administration showed yesterday the rise in production last week by 46 thousand barrels per day to 10.586 million barrels per day in the same period

US crude oil exports and petroleum products rose last week to 8.3 million bpd, compared to exports of Saudi Arabia, the largest crude exporter, in January at 9.3 million bpd and 7.4 million bpd in Russia, the report said

"Continued efforts by OPEC and its allies to rebalance the market have helped Nymex rise to the highest level

 

17 minutes ago, 10 YEARS LATER said:

Pretty bold statement.

 

The US Is Now (Finally) Under Bold New Management !  

 

 

     

[Half Crazy Runner]

24 minutes ago, DinarThug said:

Citigroup: The United States will overtake Saudi Arabia to become the largest oil exporter

 

Ha! Take that, OPEC 😜

[DinarThug]

2 minutes ago, Half Crazy Runner said:

Ha! Take that, OPEC 😜

 

Without Lube !  

 

 

 

Too Early For ‘Crude’ Jokes ...

 

     

[DinarThug]

LINK

The Minister of Oil: keen to develop exploratory patches
to raise the oil reserves

 

 

26th April, 2018

Oil Minister Jabbar Ali al-Luaibi said on Thursday that the ministry is keen to rehabilitate and develop exploration sites to improve oil reserve rates, pointing to the ministry's decision to expedite the rehabilitation of the border exploration pits that have been decades of neglect and mismanagement.

Al-Luaibi said during the tender for the development of 11 land and sea border explorations, according to a press release by the "Masala", that "6 of the exploration sites for rehabilitation and development during the licensing round organized by the Department of Contracts and Licenses Petroleum Thursday, April 26, 2018 out of 11 patches, Explaining that "qualified companies did not offer their bids on the remaining 5 patches of the competition round."

"We have decided to accelerate the invitation of investment companies to participate and compete for the development of these border exploration explorations of the economic importance of Iraq, as well as the conversion of exploratory expectations that have been identified in some sites and fields to a new reality contributes to increasing the oil and gas reserves of our country and strengthen its role in this The area, "pointing out that" this step aims to optimize investment of these patches and oil fields of the border and in order to achieve the largest and most beneficial to the national economy, it is not logical to leave these important border oil sites without investment and real development. "

The Minister of Oil that "the ministry has taken this step and invite international companies to cooperate with them and contribute to the development of models according to service contracts differ from the previous, have been prepared and developed by taking advantage of the observations of companies wishing to work and invest in Iraq," calling on investment compan

[10 YEARS LATER]

2 hours ago, DinarThug said:

 

 

The US Is Now (Finally) Under Bold New Management !  

 

 

     

 

Too Right ! No more Weasel “ Richards” in the WH 

[ChuckFinley]

7 hours ago, 10 YEARS LATER said:

Wonder how they arrived at that ? Pretty bold statement.

Better keep some of that at home.

[DinarThug]

LINK

Expert: $ 25 billion of Iraq's financial benefits after oil rises above $ 70

19:58 - 26/04/2018  

 

 

Oil expert Hamza al-Jawahri said on Thursday that the rise in oil prices above the $ 70 a barrel will provide Iraq with a financial surplus of more than 25 billion dollars added to its federal budget.

Al-Jawahiri said the "high oil will provide a surplus on the federal budget estimated at more than 25 billion dollars after rising to 73 dollars a barrel."

He added that "the federal government will work to save the money that will be obtained from the rise of oil to the end of the year will not be disposed of at the present time," explaining that "savings will get the government's fear of falling oil prices in the coming months and exposed to a financial crisis."

Russia joined the Organization of the Petroleum Exporting Countries (OPEC) last year to cut oil output by 1.8 million barrels per day (bpd) in an agreement aimed at restoring equilibrium to the market and helping raise crude prices to near a 4-year high.

Brent crude rose for the sixth session in a row, the first on Tuesday, to hit its highest level since November 2014, exceeding $ 75 a barrel.

[DinarThug]

Al-Allaibi: keen to rehabilitate and develop exploratory patches to raise the rates of oil reserves

 

Economy ,  2018/04/27 10:39 ,  

 

 

 

 

BAGHDAD, Iraq - 

Oil Minister Jabbar Ali Al-Allaibi said that the ministry is keen to rehabilitate and develop exploratory patches to improve the rates of oil reserves, pointing to the ministry's decision to expedite the rehabilitation of the patches of border exploration, which have been decades of neglect and mismanagement.

Al-Luaibi said during the tender for the development of 11 land and sea border explorations, according to a press release. "Six new exploration and development plots were transferred during the licensing round organized by the Department of Petroleum Contracts and Licenses on Thursday out of 11 plots, Qualified companies have not submitted bids on the remaining 5 contests. "

"We have decided to accelerate the invitation of investment companies to participate and compete for the development of these border exploration explorations of the economic importance of Iraq, as well as the conversion of exploratory expectations that have been identified in some sites and fields to a new reality contributes to increasing the oil and gas reserves of our country and strengthen its role in this The area, "pointing out that" this step aims to optimize investment of these patches and oil fields of the border and in order to achieve the largest and most beneficial to the national economy, it is not logical to leave these important border oil sites without investment and real development. "

The Minister of Oil that "the ministry has taken this step and invite international companies to cooperate with them and contribute to the development of models according to service contracts differ from the previous, have been prepared and developed by taking advantage of the observations of companies wishing to work and invest in Iraq," calling on investment companies specialized to " Oil industry and the implementation of projects in all fields. "

The Ministry of Oil announced on Thursday that the round resulted in the transfer of (6) patches of rehabilitation and development are patches (Kalabat, Kamr and Khashm red, Anjana in the province of Diyala) and (Khader water in the province of Basra) and won qualification Crescent Crescent UAE , As well as two oil fields (in the province of Diyala and Hawizah in the province of Maysan) won the rehabilitation of (Jiu Good) Chinese, and the (Sinbad) in the province of Basra and won the qualification of the company (UEG) of China.

link

[DinarThug]

Iraq Awards New Oilfield Licences: FULL LIST

 

April 27, 2018 in Iraq Oil & Gas News

By John Lee.

Iraq’s Ministy of Oil has awarded all four development projects, and two of the seven exploration blocks, that it offered in its fifth auction of oil licences.

Only nine of the 26 companies originally pre-qualified took part in the auction, with majors such as Lukoil (Russia), ExxonMobil (US) and Total (France) not bidding.

Development blocks:

Gilabat-Qumar, in Diyala: Crescent Petroleum (UAE) Khashim Ahmer-Injana, in Diyala: Crescent Petroleum (UAE) Huwaiza, in Missan (Maysan): Geo Jade Petroleum (China) Khudher Al-Mai [Khider al-Mai], in Basra and Muthana: Crescent Petroleum (UAE)

Exploration blocks:

Naft Khana, in Diyala: Geo-Jade Petroleum (China) Sindibad [Sindbad] field in Basra: United Energy Group (Hong Kong) Zurbatiya [Zurbatia], in Wasit and Diyala: not awarded Shihabi in Missan and Wasit: not awarded Fao, in Basra: not awarded Jebel Sanam [Jabal Sanam], in Basra: not awarded Offshore Gulf block: not awarded

Abdul Mahdi al-Ameedi, director general of the Petroleum Contracts and Licensing Directorate (PCLD), told Reuters that the failure of five blocks to attract bids was due to a combination of factors, including the fact that some of them cover former battlefields, some are hard to access, and the one offshore plot needs more data.

He said another round could be held for those five blocks.

More details here from Iraq Oil Report (subscription required)

(Sources: Iraq Oil Report, Reuters, Associated Press, AFP)

link

[DinarThug]

11 hours ago, DinarThug said:

CNN. Broadcasting From The Iraqi Street While Getting Ready To Celebrate ‘Cinco De Septembero’ ! 

Away from the protests .. Iraqis are waiting to activate the law of the National Oil Company in September

 

 

 

2018/7/31 10:02:43 AM 

Parliamentarians and economists and the Iraqi street are expected to sign on September 5, the date of announcing the activation of the law of the National Oil Company, which set 10 percent of the sales of oil to put in special funds for distribution to the Iraqis. To abide by the date stipulated by the law, to restore confidence between the street and the government, especially that the law will give each citizen a share of the oil of his country.

The law of the National Oil Company includes a clause that the Executive Authority must implement six months after its approval by the Chamber of Deputies. The law entered into force on 17 April last after it was published in the official newspaper. On 5 March, Which gave each Iraqi resident within the country a share of oil deducted 10 percent of total sales.

The MP for the province of Basra, Abdul Salam al-Maliki, the government to «respect the date provided by the law, most citizens are convinced that any law benefit from it financially initiated and not work, which will increase internal tension».

Maliki said in a statement that «the law is a national achievement distinctive, and almost the best for the Iraqis since 2003, as will give each Iraqi share of the oil of his country in a fair and clear».

 He stressed that «the provisions of the law can reduce poverty rates and increase the welfare of the citizen and strengthen the national spirit and the sense of equality for all». "This law does not include Iraqis abroad. Therefore, it will be considered an invitation to the return of our children from the expatriates and immigrants. Our country is poor, but the conditions forced citizens to travel, along with the mismanagement and occupation, and resulting in chaos and corruption that led to unsatisfactory results for the people."

As for the conflict of law with other laws, Maliki said: "It will not conflict with any other law such as petrodollars or oil licenses and oil investment agreements with foreign companies, because it is a deduction of 10 percent of the proceeds of selling oil in the United Nations Development Fund for Iraq, The transfer of funds to the Central Bank, which will distribute the amounts in the form of shares on behalf of every citizen ». And the quotas of oil-producing provinces,

Maliki said that «the budget and in agreement with the Prime Minister granted provinces producing under the Petrodollar 20% will be devoted to the fulfillment of debts or allocations that have not been implemented during the past years with the actual quota of 5 percent for each barrel product, will be allocated service projects to productive provinces and develop their reality Al-Omrani, Al-Khademi and others. "

"The National Oil Company has allocated a fund for generations, and the shares in the national company is not bought or sold because it belongs to the citizen, a law that would achieve economic benefit for the Iraqi people," said a member of the former oil and gas committee. The law required the Kurdistan region to hand over the quantities of oil produced in its fields to the national oil marketing company «Sumo», otherwise they will not be given to the residents of the region ».

 

Source: Al Hayat newspaper

link

 

Lol - I Had Posted This Article In A New Thread Last Night And After Receiving Numerous Responses It Got Combined And Buried In Another 6 Month Old Archive Thread So I’m Requoting It All Here In One Of My Own Garbage Retread Compost Threads So That I Can Keep Track Of It ! 

 

(He Shoots - He Scores ! And Yes That’s Guyliner And Makeup B*tches On The Emoticon !)  

 

     

 

 

 

CNN. Broadcasting From The Iraqi Street While Getting Ready To Celebrate ‘Cinco De Septembero’ ! 

 

 

 

Away from the protests .. Iraqis are waiting to activate the law of the National Oil Company in September

 

 

 

2018/7/31 10:02:43 AM 

Parliamentarians and economists and the Iraqi street are expected to sign on September 5, the date of announcing the activation of the law of the National Oil Company, which set 10 percent of the sales of oil to put in special funds for distribution to the Iraqis. To abide by the date stipulated by the law, to restore confidence between the street and the government, especially that the law will give each citizen a share of the oil of his country.

The law of the National Oil Company includes a clause that the Executive Authority must implement six months after its approval by the Chamber of Deputies. The law entered into force on 17 April last after it was published in the official newspaper. On 5 March, Which gave each Iraqi resident within the country a share of oil deducted 10 percent of total sales.

The MP for the province of Basra, Abdul Salam al-Maliki, the government to «respect the date provided by the law, most citizens are convinced that any law benefit from it financially initiated and not work, which will increase internal tension».

Maliki said in a statement that «the law is a national achievement distinctive, and almost the best for the Iraqis since 2003, as will give each Iraqi share of the oil of his country in a fair and clear».

 He stressed that «the provisions of the law can reduce poverty rates and increase the welfare of the citizen and strengthen the national spirit and the sense of equality for all». "This law does not include Iraqis abroad. Therefore, it will be considered an invitation to the return of our children from the expatriates and immigrants. Our country is poor, but the conditions forced citizens to travel, along with the mismanagement and occupation, and resulting in chaos and corruption that led to unsatisfactory results for the people."

As for the conflict of law with other laws, Maliki said: "It will not conflict with any other law such as petrodollars or oil licenses and oil investment agreements with foreign companies, because it is a deduction of 10 percent of the proceeds of selling oil in the United Nations Development Fund for Iraq, The transfer of funds to the Central Bank, which will distribute the amounts in the form of shares on behalf of every citizen ». And the quotas of oil-producing provinces,

Maliki said that «the budget and in agreement with the Prime Minister granted provinces producing under the Petrodollar 20% will be devoted to the fulfillment of debts or allocations that have not been implemented during the past years with the actual quota of 5 percent for each barrel product, will be allocated service projects to productive provinces and develop their reality Al-Omrani, Al-Khademi and others. "

"The National Oil Company has allocated a fund for generations, and the shares in the national company is not bought or sold because it belongs to the citizen, a law that would achieve economic benefit for the Iraqi people," said a member of the former oil and gas committee. The law required the Kurdistan region to hand over the quantities of oil produced in its fields to the national oil marketing company «Sumo», otherwise they will not be given to the residents of the region ».

 

Source: Al Hayat newspaper

link

[DinarThug]

11 hours ago, jcfrag said:

“The law required the Kurdistan region to hand over the quantities of oil produced in its fields to the national oil marketing company «Sumo», otherwise they will not be given to the residents of the region.”👍😉

 

“The law required the Kurdistan region to hand over the quantities of oil produced in its fields to the national oil marketing company «Sumo», otherwise they will not be given to the residents of the region.”👍😉

[DinarThug]

11 hours ago, nfire said:

Could it be some HCL time?

 

Could it be some HCL time?

[DinarThug]

11 hours ago, nfire said:

Could it be some HCL time?

 

If So - It’s Party Time !  

 

  

 

     

[DinarThug]

10 hours ago, lmb4321 said:

Looking Good Thug.....😀

 

The Guyliner Really Brings Out My Bloodshot Eyes !  

 

      

[Half Crazy Runner]

8 minutes ago, DinarThug said:

Lol - I Had Posted This Article In A New Thread Last Night And After Receiving Numerous Responses It Got Combined And Buried In Another 6 Month Old Archive Thread So I’m Requoting It All Here In One Of My Own Garbage Retread Compost Threads So That I Can Keep Track Of It ! 

 

(He Shoots - He Scores ! And Yes That’s Guyliner And Makeup B*tches On The Emoticon !)  

 

     

 

And thank you for doing that,  I totally missed the earlier post!!  👍🏻🎉

[DinarThug]

10 hours ago, NoviceInvestor said:

Thank you DT ...

 

Ur Welcome Novice - But Whatever Happened To Ur LGD Avatar That U Were Using ?

 

 

U Had Better Replace It Young Lady Before U Wind Up On Santa’s Naughty List !  

 

      

 

Edited August 1, 2018 by DinarThug

[DinarThug]

9 hours ago, colts469 said:



 

Lmfao Colts ! 

 

 

     

[DinarThug]

11 hours ago, DinarThug said:

Parliamentarians and economists and the Iraqi street are expected to sign on September 5,

 

 

9 hours ago, jeepguy said:

all eyes on ---- September  week  ,   ARE EXPECTED  too  sign  ,   they isn`t any  holiday  on that  date is it ? bound to have something screw it up !

 

I’ll Have My Bloodshot Eyes On It - That’s Right After Labor Day Weekend !  

 

     

[DinarThug]

11 hours ago, DinarThug said:

The law of the National Oil Company includes a clause that the Executive Authority must implement six months after its approval by the Chamber of Deputies. The law entered into force on 17 April last after it was published in the official newspaper. On 5 March, Whichgave each Iraqi resident within the country a share of oil deducted 10 percent of total sales

 

8 hours ago, Goggles said:

This makes me think they already signed and it will be IMPLEMENTED on September 5. Now if they can just pull of the HCL and RV these Iraqi citizens will have the real value of their 10%!!! 

 

If So - President Davis Will Be Implementing An Executive Drinking Order ! 

 

 

 

And Something Tells Me He That May Have Already Implemented A Preemptive One ...

 

     

[DinarThug]

6 hours ago, NEPatriotsFan1 said:

So this means we can check back in in September then? Nothing happening in August it looks like. 

 

Oh Ya - As If U Could Stay Away From Here Until Then ...

 

 

 

Said The Clown With 15,000 Posts And No Life ...

 

     

[DinarThug]

8 hours ago, Goggles said:

This makes me think they already signed and it will be IMPLEMENTED on September 5. Now if they can just pull of the HCL and RV these Iraqi citizens will have the real value of their 10%!!! 

 

3 hours ago, Sage449 said:

Gee Goggles, Luigi's posse is touting August RV.....course they've been predicting it everyday for the past 15 years. 😂

 

Don’t Worry - Our ‘Sage’ Luigi Will Be Checking Every Single Back Door For Intel To Get To The Bottom Of This ! 

     

[DinarThug]

47 minutes ago, DinarThug said:

Lol - I Had Posted This Article In A New Thread Last Night And After Receiving Numerous Responses It Got Combined And Buried In Another 6 Month Old Archive Thread So I’m Requoting It All Here In One Of My Own Garbage Retread Compost Threads So That I Can Keep Track Of It ! 

 

(He Shoots - He Scores ! And Yes That’s Guyliner And Makeup B*tches On The Emoticon !)  

 

     

 

37 minutes ago, Half Crazy Runner said:

And thank you for doing that,  I totally missed the earlier post!!  👍🏻🎉

 

Lol ! Ya, There’s A Lot Of Stuff That Gets Posted Here - Sometimes It’s Hard To Keep Track Of !  

 

     

[Pitcher]

Thanks Thug, it is hard to keep up with all the posts. 

[idplzr]

Thanks Thugs