Iraq an economic Study

Ok, I'll send him an email. I hear from him about every other day. So no problem. Oh their is one. Yahoo is currently blocking all my outgoing emails. so it might be a day or two. Not sure what their trip is. But it is aggravating. Its been that way for two days. But I will send asp. sk

Revbo you have mail

i do remember Bush saying that, he said 10 fold..

I heard they stuffed 14 747's full of Dinar.

But I also heard we were weeks away from RV yearsss ago..

I still dont know about this all, because of that huge heist hey had and never recovered the money.. Something like 4 billion dinar or something, cant remember, but that was a huge factor to the RV also.. Which also makes me think, your not going to be able to just go to your bank and cash out.. Might be a In country RV only

They have to recognize their dinars no matter who has them I would think.

06/09/2012 12:00 am

Four goals for visiting American officials to the country

BAGHDAD - morning

Baghdad and Washington agreed on activating the strategic framework agreement between the two countries.

The agreement comes with the intensification of U.S. officials visits to the country and politicians said it aims to discuss four axes and files. Has received Prime Minister Nuri al-Maliki in his official office yesterday evening a delegation of members of the U.S. Congress included Senator John McCain and Senator Joseph Lieberman and Senator Lindsey Graham. Maliki said, according to a statement received "morning," a copy of it, the seriousness of the current situation in the region, saying: that the nature of relations between Iraq and the United States require more coordination and consultation. Prime Minister pointed out that "our efforts instead to focus on the development process and the development of the country only we think in addition to that, how to spare Iraq risks, noting that Iraq pursued a policy of non-interference the affairs of others and extending the hand of friendship and open relations with countries that respect our sovereignty and does not interfere in our internal affairs.

He added that the experiences of similar people, but they will not be reproduced Every country has their own circumstances that should be taken into account in dealing with it. Between Maliki and Iraq to stand by the peoples' right to dignity, freedom does not mean not paying any attention to the risks that could leads him any work is thoughtful and calculated results, stressing the need for direction to peaceful solutions based on the renunciation of violence, killing and destruction from any party whatsoever. The Prime Minister also called to the need to intensify the efforts of the international community for convergence and reduce the division winning on some issues of the region, particularly the crisis in Syria that it needs to be stressed understanding between the allies and opposition allies to reach peaceful solutions can avoid Syria more tragedies and disasters. He continued: that Iraq presented a specific initiative in this regard put all their resources for the success of any effort to save Syria from the current situation and puts them on the road to a real solution. For their part, members of Congress stressed the need of continuing communication and consultation between the two countries on various issues and challenges facing the region, stressing their willingness to strengthen these relations, stressing at the same time convergence of views with his Prime Minister of vision about the latest happenings in the region.

Lawmakers expressed concern about the ongoing developments in the countries, which they described as congested and more tense than ever, expressing admiration for Iraq including pieces from games in the way of rebuilding and reconstruction. The delegation noted that Iraq could have an influential role in resolving the current problems and tensions in the policy pursued distinct. He also met with House Speaker Osama Najafi in his office yesterday, the delegation of the U.S. Congress. The two sides discussed during the meeting, the situation in Iraq and the challenges that hinder the progress of the democratization process and how it can be addressed by peaceful means and appropriate. Also touched on the Syrian crisis and its impact on the overall political and social situation in Iraq and how serious the issue of Iraq After further complicated and took trend portends sharp conflicts undesirable consequences, according to a statement received "morning," a copy of it. Both sides agreed on the need to develop and strengthen bilateral relations within the strategic framework agreement signed between the two countries. those Meanwhile, a member of the security and defense committee parliamentary Abbas al-Bayati: The successive visits to Iraq by U.S. delegations come to meet four important strategic goals. Al-Bayati said in a statement the "Brief Center for the Iraqi Media Network," "The first goal of these visits is to emphasize the U.S. commitment to a fixed unchanging and unwavering on the country's political stability and security, and secondly to exchange views with regard to the situation and regional developments, including the Syrian crisis, and the third is a confirmation Framework Convention on strategic, and hence the need to develop operational mechanisms and the signing of agreements and protocols in this regard, and IV American emphasis on communicating with the Iraqi side. "

Bayati also pointed out that there is no ambassador for more than four months may have led to the type of interruption, stressing that the visit of this delegation came to emphasize the U.S. commitment with Iraq, and it still exists and is constant and unchanging, he said, adding that visiting delegations stressed the important point is Washington's commitment to arming the Iraqi army and in a timely manner, particularly the aircraft (f16). Committee member noted that security of these visits came to check inter targets "a proof of the depth of relations between Iraq and the United States ", and on the willingness of parties to abide in this relationship, pointing out that these visits came to pay all parties to compromise and meet, especially after crossing the political crisis. For his part, MP Abboud al-Issawi said that "such visits within the framework of mutual visits between the two countries, especially given that there is a strategic framework agreement between Iraq and the United States. Issawi added for" Brief Center for the Iraqi Media Network "" The state visit of this kind is to the interest of both parties, especially after the withdrawal of U.S. troops, "believing that" a number of files to be discussed at these visits because Iraq had taken place regional بترؤسه for the Arab summit, in addition to important position that Iraq obtained after 5 +1 summit also active presence of the Conference of Non-Aligned and introducing its new initiative to resolve the crisis Syrian adoption of a peaceful solution and to resort to dialogue. "He also noted MP Saleh al-Asadi said this visits are a matter of emphasis on building strategic relations between the two countries. Asadi said in a statement to "Brief Center for the Iraqi Media Network": that "the development of these relations of the constants in Iraq, not only with the Americans, but with all the world. "

[link to translate.google.com]
--

Anybody ever seen Montana talk like this?

9-5-2012 Newshound Guru Adam Montana I'm not in a hurry to tell everyone that the RV is too far away... it seriously looks like we are at the end of the ride here. There are no visible roadblocks, we have to believe that Iraq wants to be wealthy again, and I see nothing to stop them at this time. If it's "last minute" details...GREAT! Tidy that stuff up and let's git-r-dun!

Read more: [link to www.dinarguru.com]

I know everyone's tired of hearing "soon," but here's one more for you. Straight from the horse's...spokesman's mouth.



[link to moveforwardalready.blogspot.com]

Office of the Presidency of the Republic confirms the return of Talabani soon to the homeland - 05 September

Last Edited by Revbo™ on 09/05/2012 10:05 PM

yeap, have heard it from HIM, just like that..

The only reason he is hanging around is to sell his book that him and Medic wrote together.

The Strategic Framework Agreement - Section 2:

In this regard, the United States shall ensure maximum efforts to work with and through the democratically elected Goverment of Iraq.......
Support and strengthen Iraq’s democracy and its democratic institutions as defined and established in the Iraqi Constitution, and in so doing, enhance Iraq’s capability to protect these institutions against all internal and external threats......

this was signed by Maliki and as I mentioned in previous post, he may have very well been signing his death warrant. pay detailed attention to the words in this article because the players are strategically referring to the SFA in the words that they choose. Maliki can cause violations day after day and it means nothing.....unless he is found in breach of contract. and here my friends he is in a very bad situation because US intelligence has found evidence that may deem him in breach of contract as well as an internal threat to the agreed upon democratic process. the United States had already made it abundantly clear that the ONLY model government we will work through is a democratic one contractually, and now we see that Maliki may be found disingenuous in providing this governmental model.

from this point forward i think this man will begin to play ball like never before else his days as PM is numbered.
we will see...

Read more: [link to dinarvets.com]

ReVbo:
Big Brother doesn't spend a trillion dollars and lose 4500 lives to be made to look like a fool by one idiot who wants to play dictator. We own this guy now, and he better get with the program, or he's gonna end up like Milosevic or Saddam.

Urgent .. A senior source in / Iraqi /: Maliki of Najafi Ban / Iraqi / if nominated Khalid al-Obeidi, he would approve it directly
on: Friday 09/07/2012 12:39 pm



Baghdad / WAP / announced senior source in the Iraqi List, said a preliminary agreement contract between House Speaker Osama al-Nujaifi, and Prime Minister Nuri al-Maliki, on the assumption of independent candidate Khaled al-Obeidi of the defense portfolio.
.
said the source told the Baghdad international / WAP / today: "The There common conviction among Najafi and Maliki to take over al-Obeidi to the defense portfolio. " and added: "Maliki told Najafi, that he has no objection to al-Obeidi, and al-Maliki said that he possesses a clean slate." He continued: "Maliki told Najafi that the Iraqi List, if the Obeidi nomination, it will be approved immediately. "/ End
[link to anonymouse.or...n=view&id=31616]

Read more: [link to dinarvets.com]

Hey ReVbo! Keep em comin!

Activating the strategic framework agreement between Baghdad and Washington


06/09/2012 12:00 am

Four goals for visiting American officials to the country

BAGHDAD - morning

Baghdad and Washington agreed on activating the strategic framework agreement between the two countries.

The agreement comes with the intensification of U.S. officials visits to the country and politicians said it aims to discuss four axes and files. Has received Prime Minister Nuri al-Maliki in his official office yesterday evening a delegation of members of the U.S. Congress included Senator John McCain and Senator Joseph Lieberman and Senator Lindsey Graham. Maliki said, according to a statement received "morning," a copy of it, the seriousness of the current situation in the region, saying: that the nature of relations between Iraq and the United States require more coordination and consultation.

Prime Minister pointed out that "our efforts instead to focus on the development process and the development of the country only we think in addition to that, how to spare Iraq risks, noting that Iraq pursued a policy of non-interference the affairs of others and extending the hand of friendship and open relations with countries that respect our sovereignty and does not interfere in our internal affairs.


Read more: [link to dinarvets.com]

TrinityExchange (No relation to our Trinity, allegedly):
Maliki is doing everything he can to sure up the US-Iraq relationship through the SFA since the hawks slapped evidence on his desk of his dealings with Iran in support of their military campaign to Syria. Maliki has been introduced to the levels of technology in US intelligence. He is playing a dangerous game. No harm no foul though. As long as he rights the ship and gets back to the democracy of Iraq. I think he is shaking in his boots right now and cannot say enough "thank you's" and "yes sir boss' " right now. he is certainly in jeopardy of losing his position if he is determined to be an internal threat to the democracy of Iraq.

fnbplanet:
Of course this is good news! The U.S. and the UNSC are involved. Coincidentally, the two most important factions for a Chapter 7 release, and both influential with the IMF. If Iraq is ever going to crawl out of the stone age, they need the these two entities to approve it. Peeing in their Wheaties like this is NOT going to get that done, and they WILL hang the Chapter 7 approval over their heads until they get their way. Iran CANNOT provide Iraq international standing. If Iraq DOESN'T get worldwide acceptance, the knuckleheads in their government right now might as well not even run for office in the upcoming elections, because they will have "lost face" with the people, and their opponents will rip them to shreds. The government would revert to Sunni control, and they won't let that happen.

They HAVE to behave themselves, and they have to do it NOW. NOW is a LOT sooner than "soon". I believe things should move along rather quickly now.

Last Edited by Revbo™ on 09/07/2012 10:50 AM

Cross those fingers, folks. Talibani may be coming home on Sunday.

[link to translate.google.com]

[bugsy67] President Talabani returns to Sulaymaniyah next week 04:29:06 / 09/2012 President Talabani revealed information obtained by the site "Khandan" that President Talabani will return the middle of next week to the city of Sulaymaniyah after serving a period in Germany for treatment. It is scheduled to return President Talabani to the city of Sulaymaniyah middle of next week, according to information obtained by "Khandan" the date of the return of President Talabani will probably be on the ninth of September of next week. It is expected to visit each of Massoud Barzani, President of Kurdistan and Prime Minister Nuri al-Maliki Iraqi President Talabani next week before holding a tripartite meeting among them. This waiting for the Iraqi political parties President Talabani to return home in order to resolve the current political problems and the national meeting, especially since the majority of the Iraqi political blocs President Jalal Talabani is the key to resolving the political crisis in Iraq.

Last Edited by Revbo™ on 09/07/2012 12:34 PM

Yep, looks like the US put their foot down. Its now safe for a certain individual to return and get r done. Nice work Revbo. Looks like there might be a nice after birthday present after all, for me and our other recent birthday boy.

I've got until the end of the month to move my daughter's birthday party from the back yard to Disney World. C'mon, boys. Get it done!

East coast or West, west coast I might bring my Thai wife and join you. She's never been to fantasy land before. Although I did take her to buring man and Vegas. lol Talk about culture shock. sk

Florida. Sorry. Disneyland is Cali. Disney World is in Orlando.

I always wondered if that was true, I sure hope so.

Didn't get an RV on my birthday, instead I got pneumonia still have it and may have to be hospitalized. I hope your birthday brings better luck SK LOL.

I suppose Med could just be trying to sell books, but just in case, this goes right along with Kaperoni's information from the call the other night. Some time between the end of the banking conference and the end of the month. (Sept 19-30)


Med & Member Chat - Post By GLK Dinar Speculator
09/07/2012

[guardian] Iraq to revalue dinar and introduce new notes in September 2012 [link to www.dinarspeculat] ··· eptember ( LINK NOT WORKING - SORRY)

[Med] TY GUARDIAN

[guardian] New banknotes to be introduced in September [link to www.dinarspeculat] ··· eptember they are old but (link not working cannot find source)

[Med] THIS IS WHY I HAVE HAD AN RV IN THE BACK OF MY MIND YES IT IS FROM FEBRUARY BUT SEE I BELIEVE THIS WAS A HUGE MISTAKE

[glk] Hi Med ! good articles guardian, thanks !

[Med] IT WAS INFO THAT SHOULD NEVER BEEN RELEASED TO THE PUBLIC
...
Read More Link On Right
[tdk] hey there Med

[Med] THIS ARTICLE THAT YOU HAVE GONE BACK TO FOR REFERENCE IS THE ONE I REMEMBERED

[guardian] i like them over the ones that say delay

[tdk] thank you guardian

[Med] HEY glk AND TDK RIGHT NOW IN AMERICA SOME BANK MANAGERS HAVE EXPRESSED KNOWLEDGE OF AN UPCOMING RV AND HAVE LEAKED THIS INFO OUT I CANNOT GO INTO IT ANYMORE THAN THAT

[guardian] whoa nice

[tdk] well thats good enought for me

[Med] THIS IS WHY I AM TOSSING AND TURNING ABOUT A SEPTEMBER RV I AS YOU KNOW NEVER THOUGHT IT WOULD HAPPEN IN SEPTEMBER BUT NOW AFTER LOOKING BACK THE ARTICLE THAT GUARDIAN POSTED TO ME IS ONE OF THE FEW THAT I AM HOLDING ONTO

[Med] HI TUDOR HI YNOTGAUT BUT DO NOT LOOK AT ANY ACTION UNTIL AFTER THE LONDON SUMMIT WITH IRAQ'S CENTRAL BANK

[argos] hi again Med. Guardian, could you post the two articles just mentioned on the forum, please - I can't open them from chat

[Med] GUARDIAN

[guardian] they are in the forum, can you search the titles?

[Med] OK TY

[argos] that's great news Med no wonder you are tossing and turning,

[Med] THE NEWS WE GOT WAS GIVEN TO THE SITE BY THE GRACIOUSNESS OF A MEMBERWHO WENT OUT OF THEIR WAYTO GET AN ANSWER THEY WANT TO REMAIN SILENT AND UNKNOWN

[tudor] thank you member!
[guardian] thanks member!!

[tdk] med thanks for your thoughts they should help all in here to keep hanging on and thank you member for your help in getting us answers

[Med] BUT AS SOON AS THEY GOT IT.....IT WAS PASSED ON TO ONE OF MY FAVE ADMIN AND THEN THEY CALLED ME TO DISCUSS IT.....TY TO THE MEMBER YES IT WAS EXPLAINED IN DETAIL

[tdk] and thank you very much med

[Med] AND THE MEMBERS ENTIRE CONVERSATION WAS KEPTAND IT INVOLVED EVERYTHING THAT TRANSPIRED AT THE BANK INCLUDING WHO GAVE THE INFO OUT

[tudor] what a team we have here! we should all be proud of our group!

[Med] AND THEY WERE EVEN ALLOWED TO SEE THE ACTUAL MESSAGE THAT WAS FORWARDED TO THE BANKS THE MESSAGE WAS ALSO ENCRYPTED
[tdk] I AM

[tdk] serious stuff

[Med] YES IT WAS

[tudor] amazing info!

[Polarbear] yes thanks unknown member and Med

[Med] THE BANK EXPLAINED THEY DO NOT HAVE ENOUGH MONEY TO HANDLE THE DINAR AND THAT ANY EXCHANGE WILL HAVE TO BE BY APPOINTMENTTHEY CANT HANDLE A MAD RUSH

[tudor] WOW!
[tdk] WOW is right tudor
[guardian] WoWZER!

[Med] THIS WAS HUGE IF ALL ACCURATE

[tdk] OH i hope it is

[Med] THIS WAS ALL EXPLAINED IN GREAT DETAIL

[tudor] can I make an appointment now?

[Med] IT WAS NOT WISHY WASHY YOU WILL HAVE TO CLIMB OVER MY BACK TO GET AHEAD OF ME

[argos] what do you think Med, do you think its legit ?
[tudor] hahahaha
[Med] OK ARGOS THE PERSON WHO RECIEVED IT AS I EXPLAINED TO THE ADMIN I CONSIDER A PESSIMIST OF A DINAR INVESTOR HAS IT BUT WAS ALWAYS IS THIS REALLY HAPPENING THEY HAVE NEVER IN ALL THE YEARS I HAVE KNOWN THEM EVER ONCE GIVEN OUT ANY INFO LIKE THIS AFTER READING ALL THE DETAILS I DONT THINK THIS PERSON COULD MAKE IT UP

[tudor] that is nice to hear Med
[tdk] or why would they for that matter
[argos] wow, if the info is good enough for you - then its good enough for me
[guardian] i'm convinced
[tdk] me too

[Med] DATES WERE DISCUSSEDTHAT RIGHT NOW IS ALL I HAVE

[tdk] thank you Med very much

[Med] I DO HAVE A ROUGHLY EXACT DATE BUT YOU KNOW I WONT GIVE IT THE BANK EXEC WHO LEAKED IT SAID IT WILL BE VERY COSTLY

[argos] oh please Med, I won't tell anyone,
[tudor] I am ready when they are! the date will be......when Shabs does it
[guardian] for us or the gov...thinking taxes
[argos] could you give us a before or after date ?

[tudor] hahahaha argos

[Med] AAAAAAAAAAAHHH NO

[guardian] after the uk meeting...right?
[tudor] after today but before your dinar turn to dust

[Med] YES AFTER THE UK MEETING

[argos] is it in September ?
[tudor] the 18th isnt it
[guardian] sept 18-19

[Med] I CAN SAY THIS

[tudor] the London one
[guardian] yes

[Med] THE INFRINCED DATE IS IN WEEKS NOT MONTHS

[Polarbear] you are trying your hardest argos
[argos] I know, PB

[Med] THIS IS WHY THAT ARTICLE

[tudor] this is getting exciting again!

[Med] ON SEPTEMBER FOR THE RELEASE

[guardian] ahhhhhh that is such a relief to hear

[Med] NOW ALL I CAN SAY IS THAT WAYING EVERYTHING THE PERSON AND KNOWING ALL THE DETAILS LIKE THEY DO AND BEING ABLE TO GIVE NAMES AND DETAILS LIKE I SAID THEY COULD NEVER DIG UP THIS ON THEIR OWN WITHOUT HAVING A CONVERSATION LIKE THEY DID OK GANG THAT IS ALL I GOT I AM VERY BUSY BUILT AN ARBOR FOR THE FRONT OF THE HOUSE

[jesse888] ty
[tudor] Thank you so much Med and our secret member for all this info!!!
[Riverman] Thanks Med....
[glk] Thanks so much Med, I love the good news, will post here in a minute !!!
[Polarbear] thanks buddy

[Med] YW YOU ALL KNOW I AM NOT A RAH RAH

Last Edited by Revbo™ on 09/07/2012 06:11 PM

What happened today, is what we have been waiting for..

No rate yet? If they are releaseing new notes, most likey $1,$5,$10,$20, hopefully a 1-1 ,,

Couldnt come at a better time,

Great work on the Posts..

I got into it with Med years ago.. He said he had classified info, and blahlbahblah, and he was sooooo sure of it.. He even said he put Dinar down as a down payment for a house, and was packing up to move there..LOL 6 Years ago.

Somebody should show MED where the (.) period key is on his computer.

Looks like they think bringing back the bank rumors and stories is cool now again. hmmm....

Wow! That's nuts. So, you think he's just full of crap? I haven't followed him that closely.

Either way, with the senators going over there to kick Maliki's ass back in line, the news of Talibani's health improving, the pending appointment of Obeidi as Defense Minister, the Kurds giving another extension before they shut off the oil, the banking conference later this month, and pretty much everyone saying Talibani's return will result in a long-awaited political detente, I think we're in the best shape we've been, maybe ever, for it to happen in the next few weeks.

Take that with a big grain of salt, though. I thought it was going to happen right before Talibani left the country for 2 and a half months, too.

Last Edited by Revbo™ on 09/07/2012 06:46 PM

Check out the second letter down.

[link to www.iraqfinance.co.uk]

"Iraq is embarking on a major redevelopment program and all govt depts are preparing for huge growth and expansion."

It's about that conference on the 18th.

Thanks

they allllllllllll are full of shit, Medic, Adam Montana, Oily, okie, dokie, and there was another infamous lyer there, cant remember his name..

Im waiting for, " the Blue vans are sitting next o the banks", or " people are parading", or, They are setting up large screen TV's thru-out the city"

if this was even close, Ebay would have a huge selloff of the Dinar that is available.. Simply because the holders would make much more cashing in, then selling.. Makes sense?

I still dont think it will happen, and if it does, it might revalue to Maybeee.01 per dinar, at a float rate for a month, and maybe even just an In country RV.. THEN, a distribution of NEW currency..

There are no " insiders" giving info out.. That would be up there with insider trading..

O, let me guess, the guy at he bank in bagdadd told them its close?

LOL, dont hold your hand on your ass, I will tell you that much..

Well, they did just set up 5 new big screens in Baghdad yesterday, bringing the total to 12.

Thats funny,!!!

Told ya, and this was 5 years ago..

Couldnt come at a better time tho,

Commmon RV, Hereeeee we go again!!!!

Love me some Iraq conspiracy. This is why we're all here, anyway, right? This dinar thing is the conspiracy theorist's dream investment. Notice the guy quoted in the article. Does the name Tony Hayward ring a bell? It should. He was the CEO of BP during the GoM oil spill disaster.

From wikipedia: On 8 September 2011, Hayward's venture firm, Vallares, merged with the Turkish oil firm Genel Energy to create a $4.5 billion company with operations in northern Iraq.[53]


TrinityExchange:
So it seems quite the timing of Rothschild, through is subordinate Hayward, to chime in now that the delegation from the United States has paid their visit to Al-Maliki and let him know that he has been caught and, if he wants to keep his head, he will play ball NOW. looks like my friend Adam Montana is right on the money, the hcl is about to get to passed.

[kcw] simon8957 - An article titled "Parliament yielded to the demands of the Kurds and the Commission on article 140" I felt this was a great article your thoughts on this article and does this mean the HCL is one step closer???

[Adam Montana] simon, GREAT observation - that and a few other articles have been signaling to us that the HCL is nearing completion and has been nearing completion for some time now.
[Adam Montana] In a word - "YES".
[Adam Montana] In a word - "YES".
Read more: [link to dinarvets.com...]


and as we know, Rothschild doesn't do much predicting or speculating.

i believe we are about to find out really soon how much our investment is worth my friends.

==========================================================

Baghdad-Erbil oil dispute will get solved, says Hayward

08/09/2012 14:43

ERBIL, September 8 (AKnews) – The Kurdistan Region's oil plan is to produce one million barrels of oil per day over the next couple of years and this size of production will end the political dispute between Iraq and the region, said Genel chief executive Tony Hayward.

Hayward said: "The scale of the opportunity for Kurdistan and for Iraq is so large that there will be a resolution.

"We’d like to be exporting and believe strongly that over the next year or so, if not well before, that resolution will be arrived at."

Kurdish oil field Taq Taq is producing 105,000 barrels of oil per day (bpd). Tawke is running at 70,000 bpd, but should be up to 100,000 bpd by the end of the year, said Hayward.

Erbil and Ankara agreed to build an export pipeline, which could be operational next year, to transport one million barrels of oil per day to Turkey. The Kurdistan Regional Government (KRG) started trucking exports of crude oil to Turkey at the beginning of July despite a long-running dispute between Baghdad and Erbil.

Earlier the KRG set the end of August as a deadline for making payment, said a KRG statement.

The region restarted oil exports temporarily for a month during August after halting exports in April over a payment dispute. Then later the KRG decided to extend its oil exports to September 15 to give more time for discussion with Baghdad, said the region’s minister of natural resources.

Ashti Hawrami said: "We are in ongoing discussion with the Iraqi government about paying the foreign companies’ money so the region can continue exporting oil and increase the volume of exports.”

Baghdad has not paid Genel and a number of small companies yet for the majority of oil exported in 2009 and 2011, reported Reuters.

The region wants to end the payment dispute with Baghdad. According to the KRG, Baghdad has to pay $1.5bn to companies making investments in the region.

During the last few months, ExxonMobil, Chevron and Total signed contracts with the region to invest in the oil sector and neglected Baghdad's threats and warnings, reported the Financial Times.

Exxon Mobil signed six oil contracts last year with Kurdistan. The contracts led to strong opposition from Baghdad, which says Kurdistan is not authorized to sign contracts for its oil. The Iraqi government later threatened to blacklist oil giants if they continue their contracts with the KRG.

By Hemn Hadi

DM/AKnews
2


Read more: [link to dinarvets.com]

Last Edited by Revbo™ on 09/08/2012 09:33 PM

ReVbo: Every time they stick a shovel in the ground, they find a trillion dollars.

"...that the province's energy commission has announced the discovery of a new oil field in the region "Uzayr" which is located 70 kilometers south-west of the city of Amarah .. "And that exploration is the result of drilling to a depth of 4260 meters in the field of Dima, and expected the discovery of large quantities of crude oil in different parts of the field, but the news Alsaaqi which is not strange ratification in the land of Iraq generous face value and its interior is: that experts noted early that field can contain about 10 billion barrels of crude oil!!"

Read more: [link to dinarvets.com]