MrOptimistic

propaganda and misinformation coming in left and right.. The central bankers control and manipulate the government. a plan is already in place. don't get too attached to articles. I wish the best for the people of Iraq. They will have their time of prosperity & wealth before the iron fist gets pounded down on them by word of the UN. Perhaps the monetary reform has been delayed for a purpose? It's been 8 months since the inception of the 2014 budget. Turki mentioned that the GOI has to transition/discharge the USD and switch to IQD to establish the monetary reform. Which is now possible (as of late December 2013) because the CBI has a deposit account with the BIS. This adds more depth to the 2014 budget. CBI will also have access to foreign deposit accounts beginning May 22. Which may also be an influential factor on CBI timing.

I really feel the voting system is rigged here in the U.S. and I would prefer a candidate that is neither republican or democrat. Our government is more corrupt than Iraq's government could ever try to be. Entertaining articles coming out

haha great photo. that's his..."i think we agreed on something?" face.

I thought this RV process was making us crazy, must be the fumes from your wet paint!

The biggest liars are media corporations and large multilateral organizations, TNT Tony, he's just one guy.. He doesn't bother me as much as those corporations that lie through their teeth. Nice little anti-dinar campaign BBC... Hopefully the US congress gets to work and passes the 2010 IMF Code of Reforms soon... Other nations are getting upset with the US for the delay.

maliki saw the new exchange rate!

IMO, oil and budget deal will happen in March. That's my optimistic opinion!

I thought all banks did that just sayin'

I'd like to see this budget passed before my birthday comes in April. I'll accept that as a gift from Iraq. My guess... HCL/Budget between Feb. 16 - 20 lol might as well start guessing when it'll get done to entertain myself!

I don't think they can announce it formally until they revalue the dinar. This news is only stating that they now have an office that is capable and ready.

Maliki urges Azerbaijan on oil cooperation- FEBRUARY 10, 2014 Maliki urges Azerbaijan on oil cooperatio BAGHDAD - Dalia Ahmed Prime Minister Nuri al-Maliki to strengthen relations and to activate joint committees and to increase cooperation in the fields of oil and energy with Azerbaijan, stressing the need for political cooperation and information exchange in the field of counter-terrorism. Maliki said in a statement yesterday on the sidelines of a meeting with Minister of Foreign Affairs of the Republic of Azerbaijan, Elmar Mammadyarov, (call for promote relations and to activate joint committees and to increase cooperation in the fields of oil and energy). Maliki confirmed (the need for political cooperation and information exchange in the field of counter-terrorism). For his part, said that Yarov (his country suffered a wave of acts of terrorism and it is ready for cooperation and information sharing on counter-terrorism, which threatens the region). He pointed to Yarov (Azerbaijani companies' desire to work and invest in Iraq and has had a presence earlier in the electricity sector, energy, etc.), announcing the (Azeri Parliament to take a decision to open an embassy in Baghdad). The Foreign Minister Hoshyar Zebari has received Yarov and his accompanying delegation yesterday at the Baghdad International Airport and held a round of talks with him. http://www.azzaman.com/?p=61345

I guess it depends on the percentage of the tax. All countries, as far as I'm aware, tax international oil companies. The tax will add more revenue to the Iraqi government and they wan't to make as much money from their oil as they can. The revenue should go toward reconstructing Iraq so that it benefits all of Iraq IMO.

this article says Exxon sold it's stakes Nov. 29, 2013 - idk why my original post was dated as 5 days ago... Now I'm really confused... lol anyway.. IMO the CBI is ready to pull the trigger.. just waiting on the Iraqi Government and the new budget ExxonMobil Sells Stakes in West Qurna I Posted on 29 November 2013. Tags: China, Exxon, Exxon Mobil, ExxonMobil, Indonesia, Pertamina, PetroChina, Shell,South Oil Company (SOC), West Qurna By John Lee. ExxonMobil signed agreements on Thursday withPetroChina for a 25 percent participating interest in the West Qurna I project in Iraq, and with Indonesia’s Pertamina for a 10 percent participating interest in West Qurna I. ExxonMobil retains 25 percent interest and remains lead contractor. The transfer has been approved by the South Oil Company,Oil Exploration Company of the Iraqi Ministry of Oil andShell West Qurna B.V., as members of the West Qurna I contractor consortium. China is already the top foreign player in Iraq’s oilfields. (Source: ExxonMobil)

yeah, and if you check out the link you'll notice the "full story" link doesn't work.... but now go look at the latest post I created about Iraq putting a capital gains tax on international oil companies. -Iraqbusinessnews.com posted it about 5 hours ago seems to add more credibility to the Exxon - PetroChina deal IMO

Capital Gain Tax on IOCs in Iraq Posted on 10 February 2014 By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Many countries impose capital gain tax on individuals, companies and corporations when a profit realized from the sale of assets. National and state legislation often has a large array of fiscal obligations and regulations regarding capital gains, however, these fiscal obligations may vary from jurisdiction to jurisdiction. In other words capital gain tax is a normal component of taxation systems on both national and international levels, and thus has a significant contribution to the state revenues and fiscal policies. Iraq is no different and should consider doing the same. In Iraq the signed service contracts provide the IOCs with a possibility to assign (sell) wholly or partly their participating interests as specified by a common clause in the signed contract, “any Company shall have the right to assign any of its Participating Interest, shares, rights, privileges, duties or obligations under this Contract to an Affiliate.” Such right for assignment is subject to and governed by a set of provisions outlined in the signed contract. Due to the long duration of the contracts (the Term) that extend beyond 20 years, and due to the usual practice of Merger and Acquisition (M&A) in the international petroleum business it is highly probable that IOCs might “farm in” and “farm out” by acquiring, selling or exchange participation interests in the related petroleum field. The transfer of participation interests between IOCs involves financial transactions or transfer of “asset” ownership between the concerned parties: the buyer and the seller. This assignment deal may (though highly likely) results in significant realized gain (profit) for the selling party compared to the actual cost (investment) it made as a consequence to its participation in the related upstream petroleum development project. This realized gain is known to be “capital gain” and in most countries it is taxable. The “Capital Gain Tax” is imposed on individuals, companies and corporations and in many countries it is imposed in addition to other direct taxes such as “Property/Wealth Tax” and “Income Tax” among others. The percentage of Capital Gain Tax differs according to the taxation systems and fiscal policies across the world. http://www.iraq-businessnews.com/tag/west-qurna/