gmb Posted October 20, 2010 Report Share Posted October 20, 2010 Iraq May Get $4.2 Trillion in Income from Oilfield Developments Oct. 20 (Bloomberg) -- Iraq may earn $4.2 trillion in revenue from oil fields being developed by international companies after rights for production from the deposits were auctioned last year, Oil Minister Hussain al-Shahristani said. The fields, whose development rights were assigned after two bid rounds held last year, will produce 60 billion barrels of oil, he said. The Iraqi government will get 99 percent of the revenue from those deposits, al-Shahristani said today opening the country’s third hydrocarbon bid round in Baghdad. http://www.businessweek.com/news/201...elopments.html 1 Link to comment Share on other sites More sharing options...
QTen Posted October 20, 2010 Report Share Posted October 20, 2010 Wow! wow! How about sharing that wealth with us US taxpayer RIGHT NOW!!! Link to comment Share on other sites More sharing options...
RVDinar4MyFamily Posted October 20, 2010 Report Share Posted October 20, 2010 link goes to 404:resource not found Link to comment Share on other sites More sharing options...
jfv Posted October 20, 2010 Report Share Posted October 20, 2010 link goes to 404:resource not found try this link, the article is too big http://www.businessweek.com/news/2010-10-20/iraq-may-get-4-2-trillion-in-income-from-oilfield-developments.html janine Link to comment Share on other sites More sharing options...
gmb Posted October 20, 2010 Author Report Share Posted October 20, 2010 try this link, the article is too big http://www.businessweek.com/news/2010-10-20/iraq-may-get-4-2-trillion-in-income-from-oilfield-developments.html janine Oooops my bad thanks Janine Link to comment Share on other sites More sharing options...
Fairways&Greens Posted October 21, 2010 Report Share Posted October 21, 2010 Another positive piece of the puzzle! Just a matter of when. Thanks for the post Link to comment Share on other sites More sharing options...
Blue-Duck Posted October 21, 2010 Report Share Posted October 21, 2010 Iraq May Get $4.2 Trillion in Income from Oilfield Developments Oct. 20 (Bloomberg) -- Iraq may earn $4.2 trillion in revenue from oil fields being developed by international companies after rights for production from the deposits were auctioned last year, Oil Minister Hussain al-Shahristani said. The fields, whose development rights were assigned after two bid rounds held last year, will produce 60 billion barrels of oil, he said. The Iraqi government will get 99 percent of the revenue from those deposits, al-Shahristani said today opening the country’s third hydrocarbon bid round in Baghdad. http://www.businessw....elopments.html Wow GMB, I wonder if they have made a mistake on the type of currency. I can understand 4.2 trillion dinar, but I can hardly believe $4.2 trillion dollars.... that takes my breath away.... if there are no mistakes then this is huge! Thanks for the post! Link to comment Share on other sites More sharing options...
JugDawg1 Posted October 21, 2010 Report Share Posted October 21, 2010 (edited) Well now kiddies. That should just about cover my dinar investment. I hope they get more for the rest of you. I WISHED! Edited October 21, 2010 by JugDawg1 Link to comment Share on other sites More sharing options...
nashdinar Posted October 21, 2010 Report Share Posted October 21, 2010 Very interesting post to all of a sudden come out today. Thanks for posting! GO RV!! Link to comment Share on other sites More sharing options...
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