Electricity reveals the latest developments in connectivity with neighboring countries

[yota691]

 

Within a year ... Gulf electricity is "free" to Iraq

 

•  

 2020-08-24 01:28

 

Shafaq News / The Iraqi ambassador in Riyadh, Qahtan Al-Janabi revealed, on Sunday, that the Gulf interconnection will completely solve the problem of electricity in Iraq.

Al-Janabi said in a press statement today, which was seen by Shafaq News Agency, that "there is a memorandum of understanding signed between the General Secretariat of the Gulf Cooperation Council and the Iraqi Ministry of Electricity, for the purpose of linking the Gulf through Kuwait," indicating that "there is a clear development in this issue and the initiation of this work." very soon".

He added, "It is hoped that it will be completed within a year to solve the electricity crisis in Iraq, given that the six Gulf countries have abundant electric power, and the peak hours in them differ from what is in Iraq."

Al-Janabi explained that "through this link, Iraq will not pay any sums. Rather, its financing will be from the outputs of the Kuwait Conference for the Reconstruction of Iraq, which was held years ago."

The American "Wall Street Journal" reported, in a report today, Monday, that the United States is pushing for a new Saudi-Iraqi project to invest in energy, noting that it is "towards completion ."

And Washington had granted Iraq an exemption from the sanctions imposed on importing Iranian energy, for humanitarian reasons related to plunging Baghdad into darkness without this energy, at a time when Iraq is trying to reduce its dependence on Tehran.

The networking project has been the subject of intense consultations in recent months, as it was discussed during the visit of the Iraqi Prime Minister, Mustafa Al-Kazemi to Washington last week .

The Iraqi Finance Minister, Ali Allawi, said last Friday that the project "is about to be defined, designed and put up for tenders," adding, "The electrical network in Iraq is likely to be linked to the networks of Saudi Arabia and Kuwait ."

On the other hand, a spokesman for the Saudi Energy Minister confirmed that the agreement "is progressing towards completion" and includes an option for a direct link between Iraq and Saudi Arabia .

"We were working on this," says a senior Trump administration official, referring to the Iraqi electricity grid connected to the Gulf Cooperation Council countries.

 

[yota691]

 

To keep Baghdad away from Iranian energy ... Washington is pushing for a new Iraqi-Saudi project

 

•  

 2020-08-24 00:50

 

Shafaq News / An American newspaper reported on Monday that the United States is pushing for a new Saudi-Iraqi project to invest in the energy field, noting that it is "towards completion."

The "Wall Street Journal " newspaper said, "The United States is seeking to integrate Iraq with its neighbors in the Gulf Cooperation Council countries to invest in the energy field, indicating that the US President Donald Trump's administration has urged Baghdad to move forward towards cooperation with these countries in the project of connecting the electricity network," It is a step to reduce Baghdad's dependence on Iranian energy.

And Washington had granted Iraq an exemption from the sanctions imposed on importing Iranian energy, for humanitarian reasons related to plunging Baghdad into darkness without this energy, at a time when Iraq is trying to reduce its dependence on Tehran .

The networking project has been the subject of intense consultations in recent months, as it was discussed during the visit of the Iraqi Prime Minister, Mustafa Al-Kazemi to Washington last week .

The Iraqi Finance Minister, Ali Allawi, said last Friday that the project "is about to be defined, designed and put up for tenders," adding, "The electrical network in Iraq is likely to be linked to the networks of Saudi Arabia and Kuwait ."

On the other hand, a spokesman for the Saudi Energy Minister confirmed that the agreement "is progressing towards completion" and includes an option for a direct link between Iraq and Saudi Arabia .

"We were working on this," says a senior Trump administration official, referring to the Iraqi electricity grid connected to the Gulf Cooperation Council countries .

Saudi Arabia recently started talks about potential investments in the $ 2.2 billion Artawi field project, which aims to redirect the large amounts of natural gas that Iraq is wasting toward power generation, according to the Iraqi Finance Minister and a Saudi oil official .

The spokesman for the Saudi Energy Minister added that Riyadh is also studying joint investments in solar energy inside Iraq and electricity exports from renewable projects in Saudi Arabia to supply Iraq .

Iraqi-Gulf relations were severed after the invasion of Kuwait by former Iraqi President Saddam Hussein in 1990, before the United States established an international coalition to liberate Kuwait in February 1991 .

After the fall of Saddam Hussein in 2003, governments close to Tehran dominated in Baghdad, where Riyadh accused these governments of standing by the Iranian regime .

With the arrival of Al-Kazemi at the head of the Iraqi government recently, this choice prompted Iraq's efforts to improve its relationship with Riyadh and other Gulf countries .

Iraq is facing increasing difficulties in meeting the increasing demand for electricity, as problems with the electrical network have exacerbated, but Baghdad needs to modernize the electrical infrastructure, in order to be able to receive the flow of energy from Saudi Arabia and Kuwait .

Last Thursday, Al-Kazemi told reporters, after a meeting with President Trump, that US officials had helped facilitate meetings in recent months between Iraqi electricity and energy officials and their counterparts in the Gulf states .

The   spokesman for the Iraqi Ministry of Electricity, Ahmed Moussa, said, on August 17, that the first phase of the Gulf interconnection needs 14 months .

Moussa added, according to the Iraqi News Agency, that if the Gulf side begins implementing the first stage of the Gulf interconnection, they need a time limit of about 14 months to complete this stage at 500 MW .

A spokesman for the Ministry of Electricity indicated that Iraq has completed the Faw Abu Flus Line No. 1 and the Al Faw Transfer Station 400, and the “Faw Aboflos Line No. 2” remains, in which the work completion rate has reached 60%, confirming that the Governor of Basra has pledged to complete this line and thus Iraq has completed 80% of the objects .

[yota691]

08-24-2020 01:41 PM

Wall Street Journal: The electrical connection between Iraq and the Gulf isolates Iran

 

 

Baghdad / Al-Akhbariya

The American Wall Street Journal said that the Trump administration is urging Iraq to proceed with a project to connect with Saudi Arabia and other Gulf countries, in light of the steps aimed at reducing Baghdad's dependence on Iranian energy, according to American and Arab officials.

She added that "the electrical interconnection project was the subject of intense discussions in recent months, and it was discussed during the visit of Iraqi Prime Minister Mustafa Al-Kazemi to Washington last week."

She explained that "the parties are moving forward towards reaching an agreement and implementing its provisions, which will represent a great rapprochement between Iraq and the neighboring countries."

On Friday, Finance Minister Ali Allawi said, "The project is close to finalizing it, in order to be placed before the relevant parties," indicating that the Iraqi electricity network could be linked to its counterpart in Saudi Arabia and Kuwait.

The newspaper quoted a spokesman for the Saudi Energy Minister, confirming the agreement, and that "it is moving forward to its final stages, and includes the option of a direct electrical connection between Iraq and Saudi Arabia," while a prominent official in the Trump administration stressed the need to link the Iraqi electricity network with the Gulf Cooperation Council countries, In light of the ongoing work to implement this goal, as the electrical connection is one of the many energy projects currently being discussed by Saudi and Iraqi officials.

The newspaper pointed out that the selection of Mustafa Al-Kazemi as prime minister in Iraq, with the formation of the new government, led to a tangible improvement in relations between the efforts made by Baghdad to improve relations with its neighbors in the Gulf.

The "Wall Street Journal" believed that these efforts by Iraq coincided with the desire of the United States to isolate Iran, and to reduce Baghdad's dependence on gas and electricity from Iran.

The "Wall Street Journal" continued that "the electrical connection between Iraq and the Gulf countries is facing challenges, and the Iraqis will need to modernize the electrical infrastructure, in order to be able to receive the electrical flow from the Gulf Cooperation Council system, according to a Western official, who said that this work." It could take a year or more. "

[southbeach]

This too is beautiful - Iraq a GCC State Member

[yota691]

Iraq completes 80% of the Gulf electrical interconnection work

A spokesman for the Iraqi Ministry of Electricity denied that General Electric Company direct electrical connection works in Jordan

 December 07, 2020 09:43 PM

 

Mubasher: The Iraqi Ministry of Electricity announced today, Monday, that it sent invitations to international companies regarding electronic collection, and while it confirmed that Iraq had completed 80% of the Gulf interconnection project, General Electric Company directly denied the electrical connection work with Jordan. 

Ahmed Moussa, spokesman for the Ministry of Electricity, told the Iraqi News Agency (INA), that the Ministry of Electricity has invited four international companies to issue electronic collection, indicating that "the time limit that we have given is two weeks to submit and study companies' offers, and that the ministry is serious about this project." 

Moussa added, "The companies are 4 well-known international companies, which are specialized in this regard." 

With regard to the Gulf connectivity, Moussa said, "Iraq has accomplished 80% of its mission from the Gulf connectivity, and we are waiting for the completion of the part assigned to the Gulf side, especially since the pandemic of our crore has greatly disrupted the project."

A spokesman for the Iraqi Ministry of Electricity pointed out that "meetings in this regard are now underway with the Gulf side, and lines and energy transmission paths will be determined." 

He pointed out that "150 megawatts will be imported to the western governorates as a first stage, through the construction of the line and the al-Qaim substation 400, and the work was referred to General Electric to construct the line," noting that "this line will turn in its coming stages to 950 megawatts." 

Moussa added, "The electrical interconnection projects for the Iraqi national grid are not to import electricity, but rather to make it a terminal for the exchange of benefits between countries and to make it a conduit for energy transmission." 

A spokesman for the Ministry of Electricity denied that "General Electric has undertaken the electrical connection work in Jordan."

[yota691]

General Electric supplies the national grid with 125 megawatts

 

energy Economy News - Baghdad On Wednesday, General Electric announced the completion of maintenance work at the Al-Quds power station, which will add 125 megawatts of electricity to the national grid to meet the demand for electricity with more reliable energy in Iraq. Joseph Anis, President and CEO of the Energy Services Business Unit and Gas Energy Systems at Al-Shakra in the Middle East, North Africa and South Asia, said in a statement received by Al-Eqtisad News that the current project at Al-Quds Station came to reinforce the distinguished success achieved by GE in implementing various Previous work at the plant, including installation and commissioning of a 9E.03 gas turbine. He indicated that this technology has the ability to operate up to 50 different types of fuel, thus providing more flexibility to the Ministry of Electricity in operating the station using the best available economic source of fuel, and continuing to generate power using liquid fuels in the absence of gas.

Number of observations 92,   date of addendum 12/09/2020

[trident]

only a few decades overdue...

[yota691]

Electricity announces preparation of a plan to end the energy supply crisis

 

energy Economy News _ Baghdad On Sunday, the Ministry of Electricity announced preparing a plan that would end the energy supply crisis in the country, stressing that this plan requires an amount of 149 billion dinars. "The ministry has prepared a plan under the directives of Prime Minister Mustafa Al-Kazemi, but it requires an amount of 149 billion dinars, which was raised to the prime minister for approval, in addition to some powers that are The electricity crisis will be solved in a big way. " He pointed out that "Iraq stands at the same distance with everyone, and any gas offers are appropriate and conform to the specifications approved by the Ministry of Electricity, and at competitive prices serve the economic side of Iraq," stressing that "there are no gas offers from other countries so far, other than Iran."   Moussa stressed "the importance of the Ministry of Electricity adopting, in its endeavors, on the diversity of energy sources," noting that "agreements, understandings, and the establishment of gas pipelines need time ceilings, and those time limits can be worked on by Iraq."

Number of observations 174   Date of addendum 01/10/2021

[yota691]

The country is awaiting the completion of the Gulf link

Monday 01st March 2021 134

 

  Baghdad: Omar Abdul Latif

 

The Committee on Oil, Energy and Natural Resources in the House of Representatives revealed that Iraq has fulfilled all its obligations with the Gulf side, in preparation for linking with it in order to supply Iraq with electric energy. Committee member Sadiq Al-Sulaiti told Al-Sabah: “Iraq has expressed its desire to complete the link with the Gulf countries, and is awaiting the (Gulf Linking Organization) responsible for extending a network of up to 300 km into Kuwaiti territory and connecting it to the Faw point, and there will be (400 station) to receive energy." He added that “the issue of the Gulf linkage and its completion, was raised strongly during the recent visit of Parliament Speaker Muhammad al-Halbousi and the parliamentary delegation to Kuwait, as he expressed a desire to supply Iraq with about 500 megawatts during the coming summer, and nothing remained but commitments related to (the Gulf Linking Organization). Al-Sulaiti described what happened in the current winter season as a "setback" after reducing electricity generation to 10,000 megawatts due to the reduction of Iranian gas supplied to the stations to 20 percent, attributing that to "Iran's need for gas in the winter season due to the significant drop in temperatures, and the adoption of homes and institutions." In heating the gas systems, "indicating that" there is no income for the accumulation of Iranian debts on the Iraqi side by reducing the amount of gas exported to the country. " And he indicated that "after the rise in temperatures in Iran, the Iranian gas pumping began, as it reached about 50 percent, which led to an increase in the generation of the system to reach about 13 thousand and 500 megabytes," stressing that "the Iranian gas pumping, if it remained at this level," We will be able to cover the need for electric power until the coming months, ”calling on“ the Ministry of Electricity to work to secure gas and begin to complete and maintain all power stations and bring them into work before next May in preparation for the separation the summer".

[yota691]

Electricity reveals details of its plans to diversify energy sources

•  Yesterday, 11:48
•  
•  187

 Economie

Baghdad - Awa - Amna Al-Salami The
Ministry of Electricity revealed details of its plans to diversify energy sources, while it is likely that energy production will reach 22 thousand megawatts during the coming summer.
"There are efforts by the Ministry of Electricity to diversify energy sources and adopt solar energy and alternative energies to recycle waste, which crystallized by referring the first licensing round in 5 governorates," ministry spokesman Ahmed Musa Al-Abadi told the Iraqi News Agency (INA).
He added, "The referrals in the first round were made after studying the technical and commercial offers, by 755 megawatts in the governorates of Najaf, Karbala, Babil, Samawah and Qadisiyah," noting that "this tour seeks to generate energy through solar energies by installing solar panels in each of the five governorates." In cooperation with the governors, the solar energy projects need to allocate plots of land. "
He pointed out that "the governors of Najaf, Karbala, Qadisiyah and Babil were cooperating in this field and allocated a group of lands. A group of governors was also addressed to obtain approvals regarding the allocation of lands, so that the ministry could refer the second licensing round in the governorates so that solar energy is a supplement to address the system's situation." 
He explained, "The first round, which includes 755 megawatts, will start work on it and it is expected that it will be ready for work next summer," noting that "the ministry had held talks with the Ministry of Oil because it aims to install solar energy systems in the oil fields to generate 750 megawatts." Which will be specific to the Ministry of Oil, and the vital installations of the Ministry will benefit from it, and thus it will positively affect the state of the electric power and the energy system. "
He continued, "These vital installations consume a lot of energy, stressing that the installation of these projects will provide energy for these oil projects, which will reduce the burden on the electrical system in general."
He pointed out that "there is a large number of works to carry out maintenance, including periodic and urgent ones, to maintain the work of the production stations and to complete the maintenance around the summer season, indicating that it is expected that the target production for this year during the summer will reach 22 thousand megawatts." 
And that "last summer the production reached 19 thousand megawatts, pointing out that the ministry is seeking in the current production before summer is to reach 22 thousand megawatts in the event that the Iranian side releases gas, as there is a decline in the Iranian gas release."
He went on to say: "Generative stations will be introduced in the fourth month to reach an average production of 22,000 megawatts before the summer, and this will positively affect the energy situation." 
He noted that "the ministry is proceeding with solar energy projects, as the work will be divided into phases, of which there are projects of 300 megawatts in Karbala. If these operating companies succeed in producing a part of them, they will enter the system, ruling out the completion of solar energy projects next summer." 
He stressed the work to "resume the flow of Iranian gas to reach 22 thousand megawatts in addition to the completion of periodic maintenance, as there are generating units that will enter service at the end of the fourth month." 
And that "processing hours will not be equal in the governorates, and it is determined by the size of violations on the network," indicating that "this depends on several factors, including the commitment of citizens and the non-overrun, as well as the volume of consumption in addition to other factors such as defective transformers in the network."
Moussa added, "The ministry has contracts with government companies and the private sector to import transformers, from which a first batch has arrived, and there are other payments that will arrive, but it is not possible to predict the processing hours for the coming summer."

[yota691]

Al-Kazemi issues a directive to the Ministry of Electricity

•  Time: 03/18/2021 23:52:51
•  
•  Read: 312 times

  

 

The Prime Minister directed the Ministry of Electricity to make an exceptional effort to provide electricity to citizens with the approaching summer season, and to bypass the bureaucratic procedures and efforts that have obstructed many important projects.
He also directed all ministries to provide support to the Ministry of Electricity for the success of the tasks assigned to it.

The General Secretariat of the Council of Ministers
March 18, 2021

[yota691]

The Prime Minister directs to provide an exceptional effort to provide electricity

Thursday 18, March 2021 23:50 | Political Views: 138

Baghdad / NINA / Prime Minister Mustafa Al-Kazemi directed the Ministry of Electricity to make an exceptional effort to provide electricity to the citizens as the summer season approaches, and to bypass the bureaucratic procedures and efforts that have obstructed many important projects.

He also directed all ministries to provide support to the Ministry of Electricity for the success of the tasks assigned to it. / End 8

[yota691]

Iraq announces the date of entry into service of the Gulf connectivity

•  Time: 04/08/2021 23:29:17
•  
•  Read: 6,773 times

  

{Local: Al-Furat News} The Minister of Electricity, Majed Al-Hantoush, revealed the date of the entry into service of the electrical connection between Iraq and the Gulf states.

 

Al-Hantoush told Al-Furat News, "Currently, negotiations are underway to establish the line from the Al-Zour area inside Kuwait to the Al-Faw area, in the south of Basra governorate, up to 300 km."
He added, "We expect at the end of next year to enter the fault, at about 500 megawatts."
It is noteworthy that the Ministry of Electricity announced last January that Iraq had completed 80% of its obligations towards the Gulf interconnection. The first phase of the project stipulates that Basra will be supplied with 500 megawatts.
Iraq produces 19 thousand megawatts of electric power, while the actual need exceeds 30 thousand megawatts, according to officials in the electricity sector.
Iraq is holding talks with Gulf countries, led by Saudi Arabia, to import electricity, including linking its system with the Gulf system, after it was relying on Iran to import 1,200 megawatts of electricity and gas fuel to feed local power stations.
Iraq has been suffering from a chronic electricity shortage crisis for decades, as a result of the blockade and successive wars.
Residents have been protesting for many years against frequent power cuts, especially in the summer, if temperatures sometimes reach 50 degrees Celsius.

Wafa Al-Fatlawi

[yota691]

Iraqi Finance and General Electric complete a plan to boost the electric power sector

Part of the celebration of the Iraqi Ministry of Finance and General Electric of completing the financial aspect of the electric power increase project

 April 11, 2021 12:05 PM

Mubasher: The Iraqi Ministry of Finance and the General Electric Company announced today, Sunday, the completion of the financial aspect of the electric power increase project, the last step to start the financing agreement.

General Electric stated in a statement that it will provide spare parts, repair and services to the electricity stations of Jerusalem, Al-Khairat, southern Baghdad, Hilla, Al-Museeb, Al-Haidariyah and Karbala with the aim of helping to maintain and maintain 2.7 gigawatts of electricity for the Iraqi people. 

Twenty gas turbines currently not operating at these sites will be put into operation and returned to service. 

The "General Electric" has played a pivotal role in bringing together the Iraqi ministries of finance, electricity and planning with many financial institutions, including the Union for Export Credit in the United Arab Emirates and commercial banks and others in order to secure the necessary financing for the project.

Thani bin Ahmed Al-Zeyoudi, Minister of State for Foreign Trade to the UAE and Vice Chairman of the Union Export Credit Company, said: “Open economies and public-private partnerships can play a pivotal role in supporting countries’ endeavors to develop critical infrastructure. 

Muzaffar al-Jubouri, Ambassador of the Republic of Iraq to the UAE, said: “The recent visit of Mustafa Al-Kazemi, Prime Minister of the Republic of Iraq to the UAE, confirms the close relations between the two brotherly countries, and coincides with the increasing focus of the UAE to invest in Iraq to support social progress And the economy of the country.

Khalid Murad, Director General of the Public Debt Department at the Iraqi Ministry of Finance, said, "There are many opportunities to boost the Iraqi energy sector through more investments, and we look forward to continuing to focus on developing similar value cooperation activities in the future."

[Wheelman]

My question is, what are they paying General Electric in? This is a International Contract that was signed in August 2020.

 

[Wheelman]

Just now, Wheelman said:

My question is, what are they paying General Electric in? This is a International Contract that was signed in August 2020.

 

 

 

WED AUG 19, 2020 / 6:25 PM EDT

GE signs power agreements worth over $1.2 billion with Iraq

 

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•  
•  

FILE PHOTO: The General Electric Co. logo is seen on the company's corporate headquarters building in Boston, Massachusetts, U.S. July 23, 2019. Picture taken July 23, 2019. 

REUTERS/ALWYN SCOTT

(Reuters) - General Electric Co (GE.N) said it had signed two new agreements valued at over $1.2 billion with the Iraqi Ministry of Electricity, to undertake maintenance programs across key power plants in the country and bolster its transmission network.

The U.S. conglomerate was also working with multiple export credit agencies to facilitate financing of more than $1 billion for the projects, it said in a statement here on Wednesday. 

The deals come as U.S. companies plan to unveil investments and agreements with Iraq's government during Iraqi Prime Minister Mustafa al-Kadhimi's first visit to the White House on Thursday.

[Karsten]

1 hour ago, yota691 said:

Iraqi Finance and General Electric complete a plan to boost the electric power sector

Part of the celebration of the Iraqi Ministry of Finance and General Electric of completing the financial aspect of the electric power increase project

 April 11, 2021 12:05 PM

Mubasher: The Iraqi Ministry of Finance and the General Electric Company announced today, Sunday, the completion of the financial aspect of the electric power increase project, the last step to start the financing agreement.

General Electric stated in a statement that it will provide spare parts, repair and services to the electricity stations of Jerusalem, Al-Khairat, southern Baghdad, Hilla, Al-Museeb, Al-Haidariyah and Karbala with the aim of helping to maintain and maintain 2.7 gigawatts of electricity for the Iraqi people. 

Twenty gas turbines currently not operating at these sites will be put into operation and returned to service. 

The "General Electric" has played a pivotal role in bringing together the Iraqi ministries of finance, electricity and planning with many financial institutions, including the Union for Export Credit in the United Arab Emirates and commercial banks and others in order to secure the necessary financing for the project.

Thani bin Ahmed Al-Zeyoudi, Minister of State for Foreign Trade to the UAE and Vice Chairman of the Union Export Credit Company, said: “Open economies and public-private partnerships can play a pivotal role in supporting countries’ endeavors to develop critical infrastructure. 

Muzaffar al-Jubouri, Ambassador of the Republic of Iraq to the UAE, said: “The recent visit of Mustafa Al-Kazemi, Prime Minister of the Republic of Iraq to the UAE, confirms the close relations between the two brotherly countries, and coincides with the increasing focus of the UAE to invest in Iraq to support system" rel="">support social progress And the economy of the country.

Khalid Murad, Director General of the Public Debt Department at the Iraqi Ministry of Finance, said, "There are many opportunities to boost the Iraqi energy sector through more investments, and we look forward to continuing to focus on developing similar value cooperation activities in the future."

 

All these US and European companies over there rebuilding Iraq Must know a Rate and a Date they will be paid and it must be soon....No one is going to Iraq Pro Bono and just work for Free....The Grande Port Of Faw a is Huge Undertaking and it can't be paid for in the Current IQD....

 

Karsten

[Dinarrock]

Nope they are paying them in good ole American US Dollars the same as they always have paid contracts in!!

[Karsten]

12 minutes ago, Dinarrock said:

Nope they are paying them in good ole American US Dollars the same as they always have paid contracts in!!

 One of their Articles State Iraq Cannot Pay International Contractor in IQD....I forget, Art8* or the MCP....They need an International Currency and it must have a Value far better them a Program rate of 1450.

 

Besides I don't Think Iraq has enough USD to even get G.E., Siemems, Deawoo and the rest interested 

 

Karsten

Edited April 12, 2021 by Karsten

[GreedyDinar07]

Both of you guys have a point. They have $60 Billion in the CBI in reserves and they can’t pay with that money. Not including The New Central Bank Building that is scheduled to be ready by 2022, I don’t know what in the hell is going on!! How are they getting paid....??

[Karsten]

11 minutes ago, GreedyDinar07 said:

Both of you guys have a point. They have $60 Billion in the CBI in reserves and they can’t pay with that money. Not including The New Central Bank Building that is scheduled to be ready by 2022, I don’t know what in the hell is going on!! How are they getting paid....??

 Greedy, I believe all these CEO's of these Companies coming into Iraq to Rebuild the Iraq....They Know what and When the Money Starts Following and it has to be soon.

 

Ask Yourself....Say to have a Company with some state of the art produce and the manpower to implement it in some far away land....Would You (or for that matter) anyone send their people there to work for Free.

 

They need a place to sleep, those people need to eat, those people need to pay a fee to get in......Fee of $75 dollars or say close to 1 Million Dinars for 2 mounts......ask anyone that is going anywhere in the World....Who the hell is Gonna pay to get into a Country, work their asses off for a 7th of a US Penny?

 

Karsten

[GreedyDinar07]

I agree Karsten.... there is another article that just posted stating the next step will be floatation... the question is how long will it be before they allow the dinar to float?

[3 bucks new rv rate]

1 hour ago, GreedyDinar07 said:

the question is how long will it be before they allow the dinar to float?

hopefully, iraq will rv at higher rate 3.22 usd and we all can exchange all our dinars for dollars. and then they can float from 3.22 usd to go up a little by little for many many many years and i don't want to wait that many many many years.

[screwball]

4 hours ago, Dinarrock said:

Nope they are paying them in good ole American US Dollars the same as they always have paid contracts in!!

pay in dinar but the question is regarding taxes and re patriation of profits in usd. 

[screwball]

3 hours ago, Karsten said:

 Greedy, I believe all these CEO's of these Companies coming into Iraq to Rebuild the Iraq....They Know what and When the Money Starts Following and it has to be soon.

 

Ask Yourself....Say to have a Company with some state of the art produce and the manpower to implement it in some far away land....Would You (or for that matter) anyone send their people there to work for Free.

 

They need a place to sleep, those people need to eat, those people need to pay a fee to get in......Fee of $75 dollars or say close to 1 Million Dinars for 2 mounts......ask anyone that is going anywhere in the World....Who the hell is Gonna pay to get into a Country, work their asses off for a 7th of a US Penny?

 

Karsten

well said Karsten...