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Fearless Four

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Everything posted by Fearless Four

  1. Gulf Keystone: More Good News For Oil Exporters Posted on 23 May 2011. Tags: Kurdistan, Oil, Oil & Gas Gulf Keystone, the oil and gas exploration and production company with operations in the Kurdistan Region of Iraq, announced on Monday that the Kurdistan Regional Government (KRG) has asked it to start exporting 5,000 barrels of oil per day. This happens just days after the Iraq central government released the first payment to the KRG after a long dispute, which KRG can use to pay oil exporters. Although the sign off is yet to be officially completed, and can’t take place until some other preparatory work is completed, COO John Gerstenlauer said: “The company views the recent announcement by the KRG confirming release of the first oil export payment to the KRG as an extremely positive development for all the oil producers in the Kurdistan Region of Iraq.” Considering the progress of the company to find oil, Gerstenlauer said: “We will soon have four exploration/appraisal wells underway in Kurdistan with further wells expected to spud before the end of the summer. The Company’s steady progress in the Shaikan-2 and Sheikh Adi-1 drilling is highly encouraging and we look forward to obtaining more results from these two wells soon.” http://www.iraq-businessnews.com/2011/05/23/gulf-keystone-more-good-news-for-oil-exporters/
  2. Could be, they are working on a Sunday on budjet issues...GO RV! “all political forces have attended the session.”
  3. Nope, not even a major event today.
  4. Stay tuned, you will get some help here.
  5. Lop or no Lop, we will all still be alive...enjoy your life now!
  6. No major earthquakes or other catastrophic seismic events in parts of the world that have already seen the date and time of Camping's predictions.
  7. I think well worth the money, there will be lots of good info once the RV happens...
  8. Sounds like it may be true, but would not hold up an RV.
  9. US companies are put off from investing in Kurdistan by security fears, even though the Iraqi region is relatively safe and stable. Iranian businesses are more aware of the lower risks in this part of the country and are desperate to invest and take advantage of its heavy investment and rapid growth, despite tax and other restrictive conditions imposed by the Iranian regime on its domestic businesses. Reza Cheraghifar, export manager for large Iranian fiber optics manufacturer SGCC, told Aknews: “In ten years Kurdistan will expand its economy more than Dubai. Everyone is looking to get involved in that, particularly Iranian companies who share so much cultural heritage with Kurds. “The speed of the growth means that they want to buy so much, it’s a real opportunity. “The reason Kurdistan is doing so well, compared with Iran, is that it has a good relationship with all of its neighbors. People in charge here know how to separate business and politics.” Habib Talavat, managing director of Urmia Petrochemical, said of Kurdistan: “It’s a very attractive place. There is a very young population who are keen to work and the labor price is much lower than in some other places in the region,” With its relaxed laws allowing easy investment from foreign companies, Kurdistan may have to watch out that foreign countries do not set up and take their profits away with them. Cheraghifar said of the region: “They need to get investment for their own companies or have joint projects.” http://www.iraq-businessnews.com/2011/05/20/kurdistan-will-expand-faster-than-dubai/
  10. Private banking reform is needed in Iraq, but iPhones may help. Abu Talib Al-Hashimi, chairman of Gulf Commercial Bank, is critical of the state stranglehold on banking in Iraq, reports Aswat Al-Iraq. By holding government deposits at government banks only, “This situation made the private sector banking system paralyzed and lacking its flexibility as private banks”, he said. Iraq has recently put on hold its plans to re-organize the financial system and develop the private banking system until 2013. But a major step in encouraging economic development is to get banking to the masses, and Dr. Sinan al-Shabibi, governor of the Central Bank of Iraq, told journalists that banking will soon come to the population by cellphone. Over the next 12 months or so, expect that Iraqis, the majority of whom have cellphones but no bank account, will be able to open up a private account and carry out transactions while they are on the go. http://www.iraq-businessnews.com/2011/05/20/an-iboost-for-iraqs-private-ban
  11. Posted on 20 May 2011. Tags: Iran, Iraq, Oil A long-running dispute over oil fields on the Iran-Iraq border might soon be resolved, according to Ali al-Sjeri, the Iraqi minister of state for foreign affairs. Speaking to Aknews, he said that talks were now at an “advanced stage”. “The Iraqi government looks forward to good relations with neighboring countries, without affecting Iraq’s economic interests and the violation of our sovereignty,” he said. Just a few years ago, Iran sent troops across its border to occupy an oil field in southern Iraq, and Iraq accused Iran of stealing its crude oil and of espionage. In coming to a deal, Prime Minister Nouri al-Maliki must balance relations with Iran against the anger that Iran’s actions have stirred up. http://www.iraq-businessnews.com/2011/05/20/iran-and-iraq-near-oil-deal/
  12. Best thing to do would be to order Adam Montana's rv intel book, it can be downloaded here http://www.rvintel.com
  13. Baker Hughes, the world’s third largest oilfield services firm, expects drilling activity to pick up in Opec-members Saudi Arabia and Iraq from the second half of this year as delayed projects restart, Reuters reported on Wednesday. “For the second half of 2011, we expect activity to increase, especially if you look at Saudi and Iraq,” Hans-Christian Freitag, Baker Hughes’ vice president of marketing in the Middle East told th news agency in an interview. “Together those two countries will see an increase in activity, with projects that were on hold for some time in Iraq now starting up and rigs are being deployed.” In Iraq, work in oilfields being developed by foreign oil companies is going ahead “normally” and faster than contracted, the country’s deputy prime minister for energy Hussain Al-Shahristani said. Alasdair Shiach, vice president and managing director of Baker Hughes in Kuwait, Saudi Arabia and Bahrain told Reuters in the same interview he did not expect oil prices to go below the $80 per barrel level. http://www.iraq-businessnews.com/category/oil-gas/
  14. Try using the attachments browse option as you are creating a post it will be below where you are typing, then hit attach this file, and to the right "add to post"
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