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MAW33326
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Posts posted by MAW33326
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Here we go:
The fifth annual Iraq Petroleum Conference, with support from Upstream Principle Sponsor Crescent Petroleum, the Middle East's longest established private petroleum company, is currently underway in London.
Bringing together leading officials and industry executives – including Crescent Petroleum CEO Majid H. Jafar – the conference is focused on the next phase of developing Iraq's oil and gas resources as well as the current and future upstream opportunities.
In his presentation, titled Iraq’s Petroleum Potential: Policy Challenges Ahead, the Crescent Petroleum CEO stated that, on a global scale, and even with conservative estimates for oil demand growth, the world will need the equivalent of a new Saudi Arabia every 5 to 7 years, and that Iraq is perhaps the last untapped source of high potential and low cost oil on earth.
Speaking during the opening day’s first session on Iraq’s new government upstream strategy, he said: “Looking forward, the challenge for us is to maximize the revenues of Iraq’s massive energy reserves and potential, while responsibly deploying them in order to develop a diversified economy and wider prosperity for the Iraqi people.
“Iraqis maintain a strong sense of nationalism and self-reliance in oil matters, partly due to the decades of conflict and sanctions which left its oil sector isolated,” he explained, and quoted Article 112 of Iraq’s Constitution, which requires that the federal government, with the producing regional and governorate governments, “shall together formulate the necessary strategic policies to develop the oil and gas wealth in a way that achieves the highest benefit to the Iraqi people using the most advanced techniques of market principles and encouraging investment.”
He added that “the development of the local Iraqi private sector in every part of the value chain, from upstream to downstream, as well as contracting and services, is a vital objective to ensure maximum local economic benefit and job creation.”
Jafar was joined during the session – under chairman H.E. Thamir Ghadhban, Chairman of the Advisory Commission to the PM of Iraq – by H.E. Haider Al Abadi, Chairman of the Treasury Committee, Iraqi Parliament; Kenneth Fairfax, Minister Counsellor for Economic Affairs, American Embassy Baghdad; and Hans Nijkamp, Shell Vice President and Country Chairman - Iraq.
The Iraq Petroleum Conference, which brings together government and industry experts and serves as a forum to explore Iraq’s resource and business potential, kicked off at The Landmark Hotel yesterday (12 July), with international oil and gas companies from 70 countries, as well as key Iraqi oil and gas industry experts, in attendance.
http://www.albawaba.com/iraq-last-untapped-oil-source-383233
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Here we go, I hope we are all prepared for this
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Adam, First off, I want to give a shout out and a hat tip to You and Sarah. You both have done an outstanding job with the instructions for the VIP members. All those that are not involved in the post RV-post RV planning will miss out on so much, i almost feel sorry for them.
Anyway, my question is this: After RV and we are all locked up and the door is closed to get into VIP, what are the potential returns on the investments on some of our VIP family plans? Just a wild guess would do
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Our own government has too much invested in the dinar for this not to rv or ri.... fact case closed
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Royal Dutch Shell PLC and Japan's Mitsubishi Corp. have signed an initial deal with Iraq to tap natural gas in the country's south, an oil executive said Tuesday, the latest push to develop Iraq's energy sector battered by years of neglect and war.
The deal is expected to be a key part of the government's strategy to alleviate its power generation woes as chronic power outages have led to sometimes violent protests.
Shell's Vice President for Middle East and North Africa Mousnir Bouaziz told The Associated Press the deal was signed in Baghdad. The draft deal will be sent to Cabinet for final approval, Bouaziz said.
Bouaziz wouldn't divulge more details about the deal. And Iraqi officials, who had earlier said the deal was worth between $12 billion and $17 billion, were not immediately available for comment.
Unlike other energy deals Iraq signed with international energy companies since the 2003 U.S.-led invasion, Tuesday's deal was signed behind closed doors. The Oil Ministry first invited the medial on Monday, but later said the signing ceremony was postponed.
The joint venture is called Basra Gas Company. Iraq will hold 51 percent, Royal Dutch Shell 44 percent while Mitsubishi will hold a 5 percent stake.
Iraq burns off almost half of the 1.5 billion cubic feet per day of gas it produces. The 25-year development deal would help Iraq capture more than 700 million cubic feet per day of gas from three oil fields.
The project also marks a major step in Iraq's effort to capture and put to use for generating electricity the natural gas that has routinely been burned off _ or flared _ at the fields because the country lacks the necessary infrastructure to bring the gas to market.
The government sees the capture of the gas as an important step in dealing with chronic power cuts that have recently led to protests, including one last year that left two dead in Basra and forced the electricity minister to resign.
Since 1990s, Iraq has spent billions working to rebuild the national electrical grid, which was in poor shape because of various wars over the past decades. Most Iraqis only get between five to seven hours of power a day.
The country, which sits atop the world's fourth-largest proven reserves of crude, also holds 126.7 trillion cubic feet of undeveloped gas reserves.
Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Posted in National-and-international on Tuesday, July 12, 2011 4:16 am | Tags:
Read more: http://www.stltoday.com/business/national-and-international/article_a7a00b75-c1d7-5def-8712-b9585bb0b836.html#ixzz1RswrjqF9'>http://www.stltoday.com/business/national-and-international/article_a7a00b75-c1d7-5def-8712-b9585bb0b836.html#ixzz1RswrjqF9
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'MotorCity',
Good evening!
I just checked your 'reputation' here on DV and it is pretty good at 158; however, I am not quite sure if you are being sarcastic or do you actually have a good reliable source?
I am surely hoping you are on the up and up......
Thank you,
GG
Not unless Chapter seven is lifted Or our troops are staying to defend the wealthy country, one of the two must happen.
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I hope this is not a stupid question but I really just want to be more grounded and educated on this investment especially since after June 30th I been selling many of my dinars…
I’m confused because I had already accepted the realistic fact that this investment may take a lot longer than expected because of the many postings from serious members posting here the facts that besides the release of chapter 7 there are many other things Iraq has to do first before an RV can really happen..
But now I’m still confused when I read postings from serious non Pumper members that still get all excited when something like a currency website don’t show the ICQ in there list?? IRS Story?? Etc etc and all of the sudden RV May be about to hit???
Maybe its me and I’m missing something here so can somebody please take one minute of your time and educate me because I don’t understand how can anybody expect an RV at any soon time or date if its really true that so many other issues have to be resolved first before the remote chance of an RV really happening..
Can everything happen all in one day including RV or Can it really RV without all the so call legal measures they need to do first before an RV??
Again, I’m sorry if this is a dumb question but the postings here are very confusing and all I want to do is be grounded and not believe fairy Pumper tales.
Any real facts good or bad news will be greatly appreciated
Thank you
The truth..... Hold your Dinar my friend...
Yes Chapter 7 must be lifted in order for Iraq to defend its wealth. Under chapter 7 sanctions they are not to have a working military. Once its officially lifted, which will not be to much longer. We will have an end to this long awaited answer.... What will the rate be is anyones guess, but just put those pieces of wallpaper away here just a little while longer. You can thank me later!
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You nailed it, thats why I trust Adam. No BS
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I needed that one. Between this and the beer joke, this site is making a better day
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:lol: :lol:
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Those of you who are still waiting for the New Iraqi Dinar to RV?
Please go to ebay.com because I have plenty od dinar to sell before the LOP. LOSS OF PROFIT.
It's just a rumor but i heard at least a thousand people are selling on ebay because they know the old currency will not be RV'd. It the dropped 000's redenominated currency that may possibly RV.
Check out ebay.com and we will make you an outstanding deal.
Thanks.
WINNING-----Like Charlie Sheen LMAO
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have any of you checked this out, thoughts? is this old stuff?
This is whats called a "catch all" page, it is used by internet marketers to catch all emails of visitors to the site, and a pretty good one at that, i must say. Anyone that reads this either invested or thinking about investing will want to be on that newsletter. It draws on your curiosity. They feed you just enough to make you want to subscribe. Try it and see what emails you start receiving
I will bet he is selling a book or service in the very first newsletter you get. If not more will follow, with yet more sales pitches... -
How about cutting our government spending and then raise taxes after thats done. What a concept. Why should people rich or poor pay more in taxes, while certain individuals are taking billion dollar trips to Italy and Ireland? Oh yeah lets touch base on that Mr. President... Dont forget the 3 hairdressers for the 1st lady, yup need them along at 200.00/hour. Makes me sick....
A great economics lesson..........
THE TAX SYSTEM EXPLAINED IN BEER
Suppose that every day, ten men go out for beer and the bill for all
ten comes to $100...If they paid their bill the way we pay our taxes,
it would go something like this..
.
The first four men (the poorest) would pay nothing.
The fifth would pay $1.
The sixth would pay $3.
The seventh would pay $7.
The eighth would pay $12.
The ninth would pay $18.
The tenth man (the richest) would pay $59.
So, that's what they decided to do.
The ten men drank in the bar every day and seemed quite happy with the
arrangement, until one day, the owner threw them a curve ball. "Since
you are all such good customers," he said, "I'm going to reduce the
cost of your daily beer by $20." Drinks for the ten men would now cost
just $80.
The group still wanted to pay their bill the way we pay our taxes. So
the first four men were unaffected. They would still drink for free.
But what about the other six men? The paying customers? How could they
divide the $20 windfall so that everyone would get his fair share?
They realized that $20 divided by six is $3.33. But if they subtracted
that from everybody's share, then the fifth man and the sixth man
would each end up being paid to drink his beer.
So, the bar owner suggested that it would be fair to reduce each man's
bill by a higher percentage. They decided to follow the principle of
the tax system they had been using, and he proceeded to work out the
amounts he suggested that each should now pay.
And so the fifth man, like the first four, now paid nothing (100% saving).
The sixth now paid $2 instead of $3 (33% saving).
The seventh now paid $5 instead of $7 (28% saving).
The eighth now paid $9 instead of $12 (25% saving).
The ninth now paid $14 instead of $18 (22% saving).
The tenth now paid $49 instead of $59 (16% saving).
Each of the six was better off than before. And the first four
continued to drink for free. But, once outside the bar, the men began
to compare their savings.
"I only got a dollar out of the $20 saving," declared the sixth man.
He pointed to the tenth man, " but he got $10!"
"Yeah, that's right," exclaimed the fifth man. "I only saved a dollar
too. It's unfair that he got ten times more benefit than me!"
"That's true!" shouted the seventh man. "Why should he get $10 back,
when I got only $2? The wealthy get all the breaks!"
"Wait a minute," yelled the first four men in unison, "we didn't get
anything at all. This new tax system exploits the poor!"
The nine men surrounded the tenth and beat him up.
The next night the tenth man didn't show up for drinks, so the nine
sat down and had their beers without him. But when it came time to pay
the bill, they discovered something important. They didn't have enough
money between all of them for even half of the bill!
And that, boys and girls, journalists and government ministers, is how
our tax system works. The people who already pay the highest taxes
will naturally get the most benefit from a tax reduction. Tax them too
much, attack them for being wealthy, and they just may not show up
anymore. In fact, they might start drinking overseas, where the
atmosphere is somewhat friendlier.
David R. Kamerschen, Ph.D.
Professor of Economics.
For those who understand, no explanation is needed.
For those who do not understand, no explanation is possible
Great Post so-so true my friend, this is how liberal-socialist pigs work....
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Stop with the rumors already.... Find me something that states chapter 7 fully removed. Thats what we need to be looking for... from a credible source.
What is a "RI"? All i've ever heard is RV or RD
RI=reinstatement to the prior value
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Do it already and stop with the propaganda....
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Keep the ball rolling forward... great news
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This is possibly stating the new denoms that will be incorporated to assist in the ability for the iraqi people to buy say a loaf of bread after rv.
They have to have higher denoms for larger transactions, hence the ones that currently exist.
They have already stated that, before removing the zeros, both currencies will co-exist and the zeros will slowly be phased out of circulation.
We are ok.... Just relax... good things will come to those that wait....
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Erbil, July 5 (AKnews) – The US Ambassador to Iraq Jeffry Filtman officially opened the US consulate in the oil-rich southern port city of Basra today.
It had previously been a Provincial Reconstruction Team (PRT) office.
At the opening ceremony, Filtman stressed the shared commitment to freedom and democracy.
Biber Kamble was officially assigned the US consul general in Basra. The consulate will also be responsible for the provinces of Mithan, Thiqar and al-Muthanna.
The U.S. is preparing to withdraw its troops at the end of the year, but will keep thousands of State Department staff in the country, in what will be that largest embassy team in the world.
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Good Read thanks
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BEIJING — China’s largest oil company has begun operations at Al-Ahdab oil field in Iraq, making the field the first major new area to start production in Iraq in 20 years, according to an official news report on Tuesday.
Operations began June 21, and the field is expected to produce three million tons of crude oil per year, reported China Daily, an official English-language newspaper. The oil field was discovered in 1979 and is believed to contain a billion barrels of crude.
The Chinese company, the China National Petroleum Corporation, a state-owned enterprise, secured rights to the field under a technical services contract signed with the Iraqi government in November 2008. Under the contract, the company has development rights for 23 years, China Daily reported. It is investing $3 billion.
The contract, the renegotiation of a deal first signed in 1996 with the government of Saddam Hussein, was postponed after the United Nations imposed economic sanctions on Iraq and the American military toppled Mr. Hussein in 2003. Analysts say the Ahdab operation is China National Petroleum’s largest in the Middle East.
The contract stipulates that the company receive a fee for every barrel of oil produced, rather than an equity interest in the oil field, as it would have under the original agreement with Mr. Hussein’s government. A Chinese oil executive said in 2009 that the company would make a profit of less than one percent, but that the contract was a way to “get a foot in the door” of the Iraqi oil industry, which has much larger fields than Ahdab.
The deal began drawing intense criticism from residents and officials in Wasit Province, where the field is located, shortly after the contract was signed. Some people demanded that Wasit be granted a royalty of $1 a barrel to improve access to clean water, health services, schools, roads and other public needs in the province, which is among Iraq’s poorest. The Iraqi government rejected the demands.
Local residents complained in 2009 that Chinese development of the field would have no benefits for them, other than providing several hundred people with jobs as laborers and security guards for less than $600 a month. At the time, China National Petroleum said it was in an exploration phase and did not need much labor. Now, with the start of production, it is unclear whether the company has hired more residents. At the time, the 100 Chinese workers at the compound were too scared to leave the area for fear of being kidnapped.
The Ahdab field’s estimated reserves are small by Iraq’s standards. The Rumaila field near the southern city of Basra, for which China National Petroleum and BP signed a development deal in June 2009, is Iraq’s largest oil field, with an estimated 17.8 billion barrels. Iraq as a whole is estimated to have reserves of more than 100 billion barrels.
China’s energy needs have soared, and it has been scouring the world for energy sources. On Tuesday, President Omar Hassan al-Bashir of Sudan, in which China has large oil interests, arrived in Beijing for talks with Chinese leaders. Mr. Bashir faces indictment by the International Criminal Court on war crimes and genocide charges, but China is not obligated to arrest him because it is not a signatory to the Rome Statute that established the court. He is scheduled to meet President Hu Jintao on Wednesday.
also in the pakistan times http://www.pakistantimes.net/pt/detail.php?newsId=22944
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Ministry allots $400,000 for Iraqis in Lebanon
01/07/2011 13:08
Erbil, July 1 (AKnews)- Iraqi Migration Ministry has allocated 400,000 US dollar to aid the underprivileged Iraqi families in Lebanon, the minister said today.
Dindar Doski told AKnews a delegation from the ministry who visited Iraqis in the neighboring country has registered 1,000 families to be financially supported by the ministry.
Each family will take up to $400 first and they may be funded again after some months.
Doski added the delegation who has returned from Lebanon today will also visit Jordan for the same purpose.
After 2003 U.S. led war against Iraq and the ensuing political and security crisis in the country, 1,117,000 Iraqi families took refugee in the other countries, most notably to the neighboring countries, official figures by the ministry show.
By Fryad Mohammed
DINARLAND "The richest place on earth"
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duplicate post but thanks
IRS OPEN HOUSE SATURDAY !
in Off Topic posts
Posted
Remove this already debunked
Remove this already debunked and does not belong on this site.