Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content


  • Posts

  • Joined

  • Last visited

Everything posted by jhf3512

  1. Does he have any more of the lower denoms? Try to take a pic of them...
  2. It must not be too much of an emergency, if they're waiting until Sunday!!!
  3. Please check it out and very if I'm looking at it correctly..
  4. what did you all see? all i saw were the same rates as anywhere else
  5. Reuters - Tuesday, December 7 * Kurdish region should turn over oil for export * Oil minister says Baghdad to pay reasonable costs By Aseel Kami BAGHDAD, Dec 6 - A dispute between Iraqi Kurdistan and the central government that halted Kurdish oil exports is "supposed to be resolved" and oil could flow early next year, Iraqi Oil Minister Hussain al-Shahristani said on Monday. The semi-autonomous northern area has been locked in a dispute with Baghdad that stopped exports last year. The central government deems illegal contracts signed by the Kurdistan Regional Government with foreign companies to develop northern oilfields. The Kurdish region could produce 150,000 barrels per day next year, Shahristani told reporters in Baghdad when asked if the dispute between the two governments had been resolved. "It is supposed to be resolved and the region will start handing over the oil at the beginning of next year," he said. ***The minister's comment suggests some movement in the dispute that makes both sides believe Kurdish oil is going to flow soon. Iraq has signed contracts with foreign oil majors aimed at boosting its output capacity to around 12 million bpd from the current 2.5 million bpd. Output from the Kurdish region will be a key to boosting exports, upon which Iraq relies for about 95 percent of its federal budget. Baghdad has insisted on controlling Iraq's energy resources, including the oilfields in the Kurdish region. Shahristani has repeatedly said contracts signed by the KRG with foreign firms such as Norway's DNO <DNO.L> are illegal. But the Kurdish region's oil minister told Reuters on Nov. 25 that his government expected to secure recognition of its oil contracts from a new government in Baghdad, adding he was confident oil would flow from the region by early next year. Baghdad and Arbil, the Kurdish capital, have longstanding disagreements over land, oil resources, revenue-sharing and reimbursements to foreign operators for expenses. On Monday Shahristani said Baghdad was "not concerned with the contracts" and that the firms working in Kurdistan should submit receipts for equipment and other reasonable expenses to the central government. "They will be reviewed. If they are acceptable and reasonable like the rest of the contracts that have been concluded in the rest of Iraq, the costs will be paid to the companies," Shahristani said. EXPORT TERMINALS Shahristani also said Iraq had signed contracts to build four new floating ports in the Gulf and that two of them would be ready for service by the end of next year, helping Iraq boost exports. He offered no details. Global oil companies have reported increases in production at some Iraqi fields already, but analysts have questioned whether Iraq's feeble export infrastructure is up to the task of handling increased output. "Oil production has started to increase but our export facilities in the Gulf are still below the required level," Shahristani said. He also said a final deal with Royal Dutch Shell <RDSa.L> and Japan's Mitsubishi <8058.T> to capture flared gas in southern oilfields had not yet been presented to Iraq's cabinet for approval and would not be signed this week. Under the $12 billion deal, Shell and Mitsubishi will harness associated natural gas being flared at fields including workhorse Rumaila to boost electricity generating capacity. Iraq flares 1 billion cubic feet of gas every day.
  6. BAGHDAD, Dec 01, 2010 (AFP) - Iraq's cabinet on Wednesday approved a 78.8-billion-dollar budget for 2011 with a projected deficit of 12.1 billion dollars, government spokesman Ali al-Dabbagh said. The budget is based on an oil price of 73 dollars a barrel, with exports expected to total 2.25 million barrels of oil per day (mbpd), bringing in a total projected income of 66.7 billion dollars in 2011 with oil accounting for the lion's share. "The deficit will be covered by previous surpluses," Dabbagh said in an e-mailed statement. "Out of this budget, there is 28.95 trillion dinars (24.5 billion dollars) allocated for capital investment," with the remainder being spent on public sector activity such as wages of government workers and pensions, he added. While Iraq's projected oil price currently looks to be a conservative estimate -- prices currently stand at 85.48 dollars in New York and only three of the first 10 months of 2010 saw average prices slip below 73 dollars a barrel -- its expected exports are more ambitious. Iraq has not exported 2.25 mbpd of oil since the 2003 US-led invasion ousted dictator Saddam Hussein, with the highest level thus far being 2.069 mbpd last February. Oil revenues account for nearly 90 percent of Iraqi government income. aa/psr/hc © Copyright AFP 2010. here's the link...$78.8B%20Budget
  7. What's your take on this article? SMOKE SCREEN?!?!
  8. In the Day End Based On: drop box, put GMT, and there is an upward change of Dinar! Can anyone explain what this means?
  10. By REBECCA SANTANA, Associated Press Writer Rebecca Santana, Associated Press Writer
  11. Is there a special account that should be opened, or just a regular savings/checking?
  12. I have a little question, prior to trading in the Dinar, is it necessary to have an account already open with a bank that is participating in trading or can you take the Dinar to a Foreign Exchange Depot?
  13. Anyone have a good, educated guess on the potential value and timeline of the Vietnam Dong?
  14. Thanks Dinar family!! That really puts my mind at ease!! Let's pray that an RV is coming VERY SOON!!!
  15. If you get some Dinar from a reputable Foreign Currency Exchange, does it matter if the Dinar are uncirculated or not? As long as they(the Dinar) have the right markings, serial numbers and metallic ink, it shouldn't matter, right?
  16. the dinar will rv tonight, the dinar will rv tonight and the dinar will rv tonight!!!!
  17. I know this is a site about Iraqi Dinar(I own some myself), but does anyone have any insight about the Korean Won and Vietnam Dong? Already looking for my next investment...
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.