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Woah,maybe we're on....
FROM ANOTHER ROOM...this guy's got big ones..hope its true
Originally Posted by creationworks
I would like to go on record as saying the reval will happen this month. Major announcements from the governments of Iraq and the US will begin this Friday. The reval will be higher and quicker than most have come to believe. We will be living in a new age.
Would be good
SORRY.. MP calls for early elections to change parliament, government
Baghdad - Voices of Iraq
Thursday , 06 /03 /2008 Time 6:11:06
Baghdad, Mar 6, (VOI) - A lawmaker from the Islamic Fadhila party on Thursday called for an early election to change the parliament and the government.
“The parliament needs some changes because of its failure to supervise the government’s performance,” Bassem Sherief told Aswat al-Iraq – Voices of Iraq – (VOI), noting that there are several parliamentary blocs that support that opinion.
He called to enact a new election law as soon as possible based on open list election.
The MP also called for a complete reshuffle which will include Prime Minister Nouri al-Maliki himself, calling on all Iraqi politicians to agree on the necessity of changing the government.
“These changes will improve the government’s performance,” he also said, stressing that the ministers should be selected on partial basis.
The legislative also doubted al-Maliki’s ability to make the reshuffle as some political blocs refuse to come back to his government.
Regarding the recent visit of Iranian President Mahmoud Ahmadinejad to Baghdad, the lawmaker said its too early to evaluate this visit and we await its practical results.
“Fadhila party received an official invitation to the Iranian president but technical reasons hindered the meeting,” Bassem Sherieff highlighted.
The Fadhila party is a Shiite party with 15 seats out of the 275-seat parliament. Last year it withdrew from the Unified Iraqi Coalition (UIC).
Ahmadinejad left Iraq on Monday, wrapping up his historic visit, during which he held talks with Iraqi officials and signed memorandum of understandings to boost economic relations.
The Iranian president arrived in Baghdad on Sunday morning on a two-day official visit, the first of its kind for an Iranian president since the Islamic revolution in 1979.
SH/SR
MP calls for early elections to change parliament, government
Baghdad - Voices of Iraq
Thursday , 06 /03 /2008 Time 6:11:06
Baghdad, Mar 6, (VOI) - A lawmaker from the Islamic Fadhila party on Thursday called for an early election to change the parliament and the government.
“The parliament needs some changes because of its failure to supervise the government’s performance,” Bassem Sherief told Aswat al-Iraq – Voices of Iraq – (VOI), noting that there are several parliamentary blocs that support that opinion.
He called to enact a new election law as soon as possible based on open list election.
The MP also called for a complete reshuffle which will include Prime Minister Nouri al-Maliki himself, calling on all Iraqi politicians to agree on the necessity of changing the government.
“These changes will improve the government’s performance,” he also said, stressing that the ministers should be selected on partial basis.
The legislative also doubted al-Maliki’s ability to make the reshuffle as some political blocs refuse to come back to his government.
Regarding the recent visit of Iranian President Mahmoud Ahmadinejad to Baghdad, the lawmaker said its too early to evaluate this visit and we await its practical results.
“Fadhila party received an official invitation to the Iranian president but technical reasons hindered the meeting,” Bassem Sherieff highlighted.
The Fadhila party is a Shiite party with 15 seats out of the 275-seat parliament. Last year it withdrew from the Unified Iraqi Coalition (UIC).
Ahmadinejad left Iraq on Monday, wrapping up his historic visit, during which he held talks with Iraqi officials and signed memorandum of understandings to boost economic relations.
The Iranian president arrived in Baghdad on Sunday morning on a two-day official visit, the first of its kind for an Iranian president since the Islamic revolution in 1979.
SH/SR
PUKmedia Reveals Real Causes of Delaying Passing Iraqi Oil and Gas Draft Law
PUKmedia 06-03-2008 16:08:59
The main reason of delaying passing the Oil and Gas Draft Law in the Iraqi Council of Representatives is the amendments done by the Iraqi Council of Consultation to the original draft law in which authorities of the Kurds has been reduced, Bayazed Hassan member of the Oil and Gas Committee in the Iraqi Council of Representatives exclusively told PUKmedia today.
“During the last 9 months the draft law has been sent by the Iraqi government to the Iraqi parliament, but the copy has been amended by the Iraqi Council of Consultation, though the council’s duty is to organizing the draft law legally not to amend its contents. Therefore, the Oil and Gas Committee in the Iraqi Council of Representatives asked the draft law, which previously has been agreed upon by the KRG and the Iraqi Federal Government, to be sent to the Iraqi parliament, he added.
He also indicated that till the original draft law or agreements between the KRG and the Iraqi Federal Government not to be announced, the oil and gas draft law will not be passed in the Iraqi Council of Representatives.
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This guy wants to help Iraq with economics?lmao good read
Iran Inflation Surges on Ahmadinejad Subsidies, Price Controls
By Ladane Nasseri
March 6 (Bloomberg) -- On a deserted Tehran street, an ex- geologist named Reza was hawking black-market fuel from the back of a battered van -- for about four times the legal price.
``I'm a free-marketeer,'' said Reza, 48, who asked that his full name not be used for fear of arrest. ``Everything in this country works through fixers,'' he said as he poured gasoline from a 20-liter jerry can into a car, using a plastic water bottle as a funnel. ``That's because of government mismanagement.''
Iran, the world's fourth-largest oil producer, is facing gasoline shortages, as well as youth unemployment of 21 percent and U.S. economic sanctions. President Mahmoud Ahmadinejad has responded by imposing gasoline rationing, boosting subsidies and raising government spending, sending inflation to its highest annual pace in eight years.
With oil at a record $104 a barrel, his approach may be affordable for now. That may change, though: Crude-oil prices are forecast to fall 20 percent from current levels by the end of the year.
``They are hemorrhaging money,'' said Michael Rubin, an Iran analyst at the American Enterprise Institute in Washington. ``As long as oil prices are high, the Iranians will grab on to that lifeline rather than pursue the structural changes they need. If oil prices go down further, there will be a real crisis.''
Election Issue
The economy has become a key issue in the Islamic republic's March 14 parliamentary elections. Iran's Reformists' Coalition, campaigning under the slogan ``Control High Prices,'' says the government needs to cut the country's reliance on oil revenue and fight inflation, which accelerated to 19.6 percent in December. That is 2 1/2 times the rate the government uses in its planning, and up from 10.9 percent in the month after Ahmadinejad took office in August 2005.
The president, 51, has used Iran's oil riches to boost his political support. Spending on subsidies for items such as sugar, wheat and cooking oils has increased by more than 50 percent since 2005; the International Monetary Fund says gasoline subsidies rose to 16.4 percent of gross domestic product in 2006 from 15.7 percent the previous year.
The budget approved by parliament on Feb. 17 raises expenditures by 25 percent, including an increase of more than 70 percent for construction. In the 2005 Iranian fiscal year, total subsidies equaled one-quarter of GDP, according to the IMF's March 2007 report.
Keeping Afloat
All that spending has so far helped keep the economy afloat: Excluding oil production, gross domestic product rose 6.6 percent in the second quarter of last year, down from 7.2 percent in the same period of 2006.
In a move to increase economic efficiency, Supreme Leader Ayatollah Ali Khamenei ordered the government in July 2006 to sell 80 percent of the shares of state-owned companies -- which control about 80 percent of the economy -- to the public over the next decade.
Still, the pace of Ahmadinejad's spending is depleting the country's treasury. The oil stabilization fund started in 2000 as a cushion against crude-price declines has fallen more than 30 percent in less than two years, to $7 billion in December 2007, according to the Central Bank of Iran. During the same period, Russia's oil fund grew to $157 billion.
Sick and Hungry
The government spending hasn't created jobs: ``Liquidity injected into the economy has led to increased inflation rather than rising employment,'' Central Bank Governor Tahmasb Mazaheri said Feb. 23 at a meeting with officials from Tehran's chamber of commerce, the state-run Iranian Students News Agency reported. ``All the resources that are being injected are not turning into support for the economy and the sick economy remains hungry.''
The IMF, in its annual review of Iran's economy, called for ``phasing out energy subsidies'' and stressed ``the importance of addressing the numerous distortions stemming from the extensive controls on prices.''
That won't be easy.
``It's a good thing that bread is cheap,'' said Ghassem Rouzbani, 41, as he handed out loaves of flat Iranian barbari bread wrapped in newspaper to customers at the bakery where he works in the Sahadat Abad neighborhood in western Tehran. ``Otherwise, manual laborers couldn't afford it.'' A loaf of bread costs 1,000 rials (11 cents).
About a dozen customers lined up at the door of the shop as two bakers behind Rouzbani kneaded piles of dough and a third put them on a revolving brick tray in a gas-fired stove. Above the stove was a picture of Imam Ali, the son-in-law of the Prophet Muhammad and the first imam in Shiite Islam.
No Subsidies, No Bakery
``If the subsidies are taken away, this bakery would close,'' Rouzbani said.
That may hinge on the future course of oil prices. Crude oil is forecast to fall to $75 a barrel next year, according to the median estimate of 32 analysts polled by Bloomberg News. Merrill Lynch & Co., whose analysts last October correctly predicted oil's rise toward $100 a barrel, is forecasting $70 for oil in 2009.
``The government may meet expectations up to a point, but it can eventually result in discontent,'' said Mousa Ghaninejad, a professor of economics at Iran's Oil Industry University, which is linked to the Oil Ministry.
Meanwhile, the U.S. is pushing international companies and banks to cut economic ties with Iran to punish the country for its nuclear program, choking off investment in the oil and gas industry. The United Nations Security Council on March 3 passed a resolution asking nations to refrain from entering into financial transactions with Iranian banks.
Damaged Refineries
Iran's oil refineries, which were badly damaged during the 1980-88 war with Iraq, are unable to meet the country's needs: It must import about 40 percent of its gasoline. Iran pays 52 cents for an imported liter that it sells for about a fifth of that price under the government-run rationing program.
Reza, the self-described ``free-marketeer,'' illegally buys gasoline from service stations at about three times the subsidized price of 1,000 rials a liter. He sells about 350 liters a day at 4,500 rials each to people who have used up their monthly allotment.
``At month's end I get flooded by requests,'' he said.
To contact the reporter on this story: Ladane Nasseri in Tehran at lnasseri@bloomberg.net.
he's classic man
Iraq intends to purchase two ships for the transport of grain and goods
Iraq intends to purchase two ships for the transport of grain and goods
Translated by IRAQdirectory.com - [3/4/2008]
Iraq intends to purchase two ships, one for the transport of grain with the capacity of 50 tons and the second accommodate payload of 6 thousand tons of different cargo, in a step described by the Director General of Water Transport in Iraq, Kazim Tahir Hashim, as a beginning to build a new Iraqi commercial fleet.
He added that his company owns two ships operating according to a partnership system with the Jordanian trade and transport company "Alia", carrying leased payloads from abroad and rarely anchor in Iraqi ports because Iraqi ministries fail to transfer the cargo and goods belonging to them in the company's ship, even by %10, to benefit from the income received for the purchase of a ship like neighboring countries.
He explained that the non-availability of goods for shipment, the high fuel prices and costs as well as other obstacles faced by ships in ports do not abide by the transportation systems overloaded the company, pointing out that %40 of imported goods and commodities to Iraq were transported exclusively through the Water Transport Company.
Hashim said that the Company used to own four ships by the fall of the former regime: two in Basrah, one was bombed during the war 2003 and the second is used for the transport of cars but it does not seem to meet the cost of its fuel, the third has dropped anchor in the Libyan ports since 2002 and its fate is unknown so far and have had debt for the benefit of the Company admitted by the Libyan side, and the fourth had moored in the German ports since 1990 and the process of its retrieval and repair cost more than $4 million, and the company could not sell it because of the debt it owed.
Prepared & Translated By:
Old post but I like it he he interesting post from another board...nice scenario
Here is what I think we may see in the next 10 days to two weeks:
#1] The rumors have it that several high(est) ranking
political leaders in Iraq will be "resigning" very soon.
It seems their pro-USA and pro-democracy/pro-Iraq replacements have already gotten the nod. Watch for it.
#2] With the old hindering politicians removed, watch for a
quick passage of the ALL-IMPORTANT HCL (Hydro Carbon Law). This law guarantees IN WRITING EVERY Iraqi citizen a share of Iraq's massive oil and gas royalties.
#3] Watch for the Dinar supply to "dry up"!~ Personally, I
think that BEFORE the peg occurs, you will not be able to buy Dinar ANYWHERE. Once the supply circulation is gone, I think the CBI will peg the Dinar. The "rate" will be irrelevant. Why? Because whether it pegs at 10 cents or $3.30, you still won't be able to buy it...at any price...or exchange it.
Perhaps the private owners will have a feeding frenzy on Ebay? I can't say. But the brokers and dealers won't be selling it even if they have it....with news of a peg? Forget about it!
Here's a possible scenario: Dinar's dried up. Pegs at a Dollar.
However, the banks are not yet authorized to exchange the Dinar. Maybe two or three days pass with the rate in a free fall.... 90 cents, next day 80 cents, then the CBI allows us to exchange. Can you imagine the STAMPEDE of horrified Dinar owners going to the banks to cash out!? I hope you are NOT one of these folks!
Still can't buy Dinar. But you can get yo sef $50,000 per
million Dinar (chump change)....and many will take the bait!
So Iraq redeems several TRILLION Dinar back from nervous
speculators. The wise ones just wait and sit it out (like us!)
Once Iraq is happy with trillions back in their hands, the
REAL fun begins!
I think they will jack the rate up to a $3+ overnight or allow
a gradual and aggressive float up to $3.30 or more! Then, they will again release the Dinar for sale at the new high peg rate. AND, buyers will be waiting in line to buy it....convinced that the Dinar will continue its run!
Don't underestimate these Arab guys. We are not dealing
with Bedouin camel dealers here! They have been coached and prepared by our USA political and economic leaders. All we are watching has been strategized down to the minutest detail!
My plan is to cash in 10 - 25% of my holdings once it pegs.... anything a penny or more will see me doing this. I will then wait for all the smoke to clear and sell at lest half of my remainder at the new higher Peg. I may keep 10% or so just to let it ride up to the expected $3+ rate. We shall see.
NOTE: Beware of real or fabricated "Crisis news" designed to
scare newbie Dinar owners out of their profits. Don't do it!
Again, this is all speculative. But, who knows? Watch and
see.
old post but I like it he he...interesting post from another board...nice scenario
Here is what I think we may see in the next 10 days to two weeks:
#1] The rumors have it that several high(est) ranking
political leaders in Iraq will be "resigning" very soon.
It seems their pro-USA and pro-democracy/pro-Iraq replacements have already gotten the nod. Watch for it.
#2] With the old hindering politicians removed, watch for a
quick passage of the ALL-IMPORTANT HCL (Hydro Carbon Law). This law guarantees IN WRITING EVERY Iraqi citizen a share of Iraq's massive oil and gas royalties.
#3] Watch for the Dinar supply to "dry up"!~ Personally, I
think that BEFORE the peg occurs, you will not be able to buy Dinar ANYWHERE. Once the supply circulation is gone, I think the CBI will peg the Dinar. The "rate" will be irrelevant. Why? Because whether it pegs at 10 cents or $3.30, you still won't be able to buy it...at any price...or exchange it.
Perhaps the private owners will have a feeding frenzy on Ebay? I can't say. But the brokers and dealers won't be selling it even if they have it....with news of a peg? Forget about it!
Here's a possible scenario: Dinar's dried up. Pegs at a Dollar.
However, the banks are not yet authorized to exchange the Dinar. Maybe two or three days pass with the rate in a free fall.... 90 cents, next day 80 cents, then the CBI allows us to exchange. Can you imagine the STAMPEDE of horrified Dinar owners going to the banks to cash out!? I hope you are NOT one of these folks!
Still can't buy Dinar. But you can get yo sef $50,000 per
million Dinar (chump change)....and many will take the bait!
So Iraq redeems several TRILLION Dinar back from nervous
speculators. The wise ones just wait and sit it out (like us!)
Once Iraq is happy with trillions back in their hands, the
REAL fun begins!
I think they will jack the rate up to a $3+ overnight or allow
a gradual and aggressive float up to $3.30 or more! Then, they will again release the Dinar for sale at the new high peg rate. AND, buyers will be waiting in line to buy it....convinced that the Dinar will continue its run!
Don't underestimate these Arab guys. We are not dealing
with Bedouin camel dealers here! They have been coached and prepared by our USA political and economic leaders. All we are watching has been strategized down to the minutest detail!
My plan is to cash in 10 - 25% of my holdings once it pegs.... anything a penny or more will see me doing this. I will then wait for all the smoke to clear and sell at lest half of my remainder at the new higher Peg. I may keep 10% or so just to let it ride up to the expected $3+ rate. We shall see.
NOTE: Beware of real or fabricated "Crisis news" designed to
scare newbie Dinar owners out of their profits. Don't do it!
Again, this is all speculative. But, who knows? Watch and
see.
The Iraq oil law, also referred to as the Iraq hydrocarbon law,[1] is a proposed piece of legislation submitted to the Iraqi Council of Representatives in May 2007.[2]
The Bush administration supposedly hired the consulting firm BearingPoint to help write the law in 2004.[3][4] The bill was approved by the Iraqi cabinet in February 2007.[5] The Bush administration considers the passage of the law a benchmark for the government of Prime Minister Nuri Kamal al-Maliki.[6][7]
The new law would authorise production share agreements (PSAs) which guarantees a profit for foreign oil companies.[2] The industry had been completely nationalized by 1972.[8][2] The government in the 1990s, under the presidency of Saddam Hussein, gave PSAs to Russian and Chinese companies which gave a profit percentage of less than 10 percent.[2]
The central government would distribute remaining oil revenues throughout the nation on a per capita basis.[1] The draft law would allow Iraq's provinces freedom from the central government in giving exploration and production contracts.[2] Iraq's constitution allows governorates to form a semi-independent regions, fully controlling their own natural resources.[2]
The Iraq National Oil Company would have exclusive operational control of just 17 of Iraq’s 80 known oil fields. Normally countries do not have the type of exclusivity that would leave two-thirds of known and unknown fields open to foreign control. However, operational control of the fields does not mean control of the money made from them, and a percentage of the profits will be going into Iraqi tax revenue.[1][9] Iraq’s oil reserves are believed to be the second largest in the world[1] after Saudi Arabia.[10]
Journalist Pepe Escobar points to the destiny of the Iraq oil law as the crucial point determining the will of the American administrations to withdraw from the Iraq war.[11]
OPEC opts to leave oil output unchanged knew this was coming
OPEC opts to leave oil output unchanged
CNN Money - [3/5/2008]
The Iraqi oil minister Hussain Al-Shahristani confirmed that OPEC will leave its production quotas unchanged at its latest output meeting here today.
The cartel, which excluding Iraqi output has a quota of 29.67 mln barrels of oil per day, took to the middle ground in an attempt to balance the conflicting forces of near-record prices and a combination of rising stockpiles and fears over falling demand.
The decision was in line with market expectations.
'As expected, the market has left things as they are,' said MF Global (NYSE:MF) analyst Ed Meir. 'It remains to be seen how prices will fare now the OPEC decision is out of the way.'
In the run-up to the meeting, ministers have expressed caution over the outlook for demand as the US economy continues to falter.
Economic weakness in the superpower, which consumes around a quarter of the world's oil output, could seriously affect global demand, especially if a slowdown in US growth spills over into the wider economy.
Ministers also claimed a lack of supply was not the reason for higher prices, blaming instead geopolitical factors, a shortage of refining capacity, weakness in the dollar and a rise in speculation in oil futures.
Prices eased back below 100 usd yesterday after hitting a record high of 103.95 usd, and have been trading around the century mark so far today.
Copyright Thomson Financial News Limited 2007. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
what a grand idea...SPEND YOUR OWN MONEY...LOL..read
American senator calls for the use of oil revenues in Iraq reconstruction
المواطن/وكالات Citizen / agencies
قال رئيس لجنة القوات المسلحة بمجلس الشيوخ الامريكي انه قد يحاول مطالبة العراق بانفاق المزيد من ايراداته النفطية على اعادة البناء بدلا من استثمار الاموال في بنوك أجنبية.وقال السناتور كارل ليفين وهو ديمقراطي من ميشيجان "أي منطق هذا ان تمول اعادة اعمار العراق من أموال دافعي الضرائب الامريكيين في حين توجه أموال مبيعات النفط العراقي بدرجة كبيرة الى البنوك أجنبية ولا تستخدم في اعادة الاعمار."وقبل الغزو الامريكي للعراق في أوائل عام 2003 اقترح كبار المسؤولين في ادارة الرئيس جورج بوش ان تمول بعض تكاليف الحرب من ايرادات النفط العراقي. Head of the Armed Forces Committee of the Senate that the United States may try to claim Iraq spend more oil revenues to rebuild instead of investing funds in foreign banks. Said Senator Carl Levin of Michigan is democratic "any logic of this to finance the reconstruction of Iraq funds from taxpayers Americans while funds are directed Iraqi oil sales largely to foreign banks are not used in the reconstruction. "Before the American invasion of Iraq early in 2003 suggested senior officials in the administration of President George W. Bush to fund some of the costs of the war from the Iraqi oil revenues. لكن ذلك لم يحدث وشهد دافعو الضرائب في الولايات المتحدة نحو نصف تريليون دولار من أموالهم تنفق في الحرب حتى الان.ومن ناحية أخرى هناك تقديرات أن لدى العراق أصولا تبلغ قيمتها نحو 30 مليار دولار تستثمر في المؤسسات المالية الامريكية.وقال ليفين انه سيطلب من المكتب العام للمحاسبة وهو جهاز للتحقيق في الكونجرس أو من اخرين في الحكومة الامريكية دراسة استخدام العراق لايرادات نفطه.وصرح بأنه بعد هذه التحقيقات سيتخذ قرارا بشأن ما اذا كان يتعين استخدام عملية تخصيص الاموال هذا العام لاجبار بغداد على تغيير ممارساتها المالية.وقال ليفين ان الكونجرس قد يضع شروطا على تمويل الحرب في المستقبل تشمل استخدام العراق لايراداته في اعادة البناء وخفض العبء عن دافعي الضرائب الامريكيين.وتفيد تقديرات الحكومة أن الكونجرس صرح لادارة بوش بتخصيص 16 مليار دولار لجهود اعادة الاعمار والاغاثة في العراق.وتساءل ليفين قائلا "انهم (العراقيون) يبيعون النفط بنحو 50 مليار دولار سنويا فما الذي يفعلونه بهذا المال."وفي ديسمبر كانون الاول أعلن الرئيس الامريكي عزمه على الاعتراض على مشروع قانون دفاعي بعد ان شكت بغداد من بند يسمح بتجميد الاصول العراقية في الولايات المتحدة اذا رفع أمريكيون دعاوى قضائية عن أعمال قام بها الرئيس العراقي المخلوع صدام حسين.وفي ذلك الوقت بحث العراق كذلك امكانية سحب أصوله المقدرة بما بين 20 و30 مليار دولار من البنوك الامريكية اذا تم اقرار مشروع القانون الدفاعي.وخلال جلسة استماع للجنة القوات المسلحة يوم الثلاثاء بشأن القوات الامريكية في العراق سأل ليفين كبير القادة الامريكيين في الشرق الاوسط وليام فالون عن امكانية دفع العراق تكاليف اعادة الاعمار. But this did not happen and saw taxpayers in the United States about half a trillion dollars of the money spent on the war so far. On the other hand there are estimates that Iraq has assets valued at approximately $ 30 billion invested in financial institutions of America. Levin said that he will ask the General Office accounting system is to investigate the Congress or others in the American government study of Iraq's use of its oil revenues. stated that after these investigations will take a decision on whether to use the allocation of funds this year to force Baghdad to change financial practices. said Levin, the Congress has set conditions to finance the war in the future include the use by Iraq of its revenue in the reconstruction and reduce the burden on taxpayers Americans. According to government estimates said that the Congress for the Bush administration to allocate 16 billion dollars for reconstruction efforts in Iraq and relief. asked Levin said, "They (the Iraqis) were selling oil at 50 billion dollars annually What they are doing this money. "At December December President Bush announced his intention to object to the defense bill after Baghdad complained that the item be allowed to freeze Iraqi assets in the United States if the lifting of American lawsuits on the work carried out by deposed Iraqi President Saddam Hussein. At that time, Iraq also discuss the possibility of withdrawing assets estimated at between 20 and 30 billion dollars from American banks if approved the bill defensive. during a hearing of the Armed Forces Committee on Tuesday on American forces in Iraq asked Levin great American leaders in the Middle East, William Falun about the possibility of paying the cost of Iraq reconstruction. فقال فالون ان هناك بعض المخاوف بشأن قدرة العراق على توزيع ايرادات نفطه بشكل فعال.ورد ليفين قائلا "لا أقبل الرد بأنهم غير قادرين على ادارة ايراداتهم Fallon said that there are some concerns about Iraq's ability to distribute its oil revenues effectively. Levin responded saying: "Do not accept the answer that they are unable to manage earnings
ARTI news....see below
Artfest Launches Exclusive Limited Edition Golf Art Series and Special Tiger Woods Signed Porcelain Collection
5 minutes ago - Market Wire
Artfest International, Inc. (OTCBB: ARTI) is pleased to announce its new "Golf Memories" Collection on www.artchannelgalleries.com. This limited edition signed and numbered Giclee collection celebrates some of the greatest Golf Courses around the world played by true golf legends. The collection features art at "Springtime in Augusta," "The 17th Hole at Sawgrass" and the classic "Maui Golf." The art also comes with a special Tiger Woods signed Boehm Porcelain collectible Tiger.
Internationally acclaimed artist Malcolm Farley (www.artchannelgalleries.com/art-malcolm-farley.aspx) is renowned for his visions of color and unique ability to capture "the moment, the action, and the spirit of the event." In his unique impressionistic style, Malcolm blends color with the drama of some of the world's most memorable moments in time. Malcolm pauses, scrutinizes and shrugs. "Everywhere I look I see these fantastic, bright colors. It has been that way since I was a kid."
In his formidable years, Farley traveled the world with his family gaining cultural perspectives. As a scholarship athlete, he learned to combine his athletic talents and passion as a jazz saxophonist with art to obtain his Bachelor of Fine Arts from Metropolitan State College in Denver. After receiving various collegiate awards, Malcolm chose the path of a commercial artist, becoming a connoisseur of many styles. Today, with his reputation as one of the modern master painters, he holds company with just a handful. His recent successes include commissions by The Sopranos, Major League Baseball's 30 most Memorable Moments, the NFL & Pepsi to release 800 million SuperBowl commemorative cans, US Opens, Mikhail Gorbachev, All Star Games and the 2000 Olympics in Sydney.
The signed Boehm Porcelain collectible features a baby tiger holding a golf ball. The collectible is accompanied by a photograph of Tiger Woods and his late father Earl Woods. The Giclee collection also showcases artwork signed and numbered by renowned artist Malcolm Farley. Many of the paintings feature world famous golf courses where Tiger Woods has won some of his most spectacular tournaments. This is a very unique one of a kind collector's package for both the golf enthusiast and investor.
"The Golf Memories collection is an incredible addition to our portfolio of signed and numbered limited edition art and collectibles," says Edward Vakser, CEO and Chairman of Artfest. "This collection marks another milestone in our entry into the world of sports memorabilia and collectibles in art reproduction. I look forward to future collections that further cater to the interests of our growing international Member database."
Art Channel Galleries is a very unique social direct sales network that features an incredible business opportunity for members through art and collectibles, including sports memorabilia. The proprietary software system enables members to set up their own fine art and collectibles business with minimal effort. Upon joining, members have access to a personalized automated website, self-replicating galleries and a simplified authenticated delivery system so they can begin to buy, sell, and trade art. In addition, the software provides sales training and presentations for members to familiarize themselves with sales techniques and processes.
About Artfest International, Inc.
Artfest International, Inc is a publicly traded company under the symbol "ARTI." Artfest connects artists, investors, decorators, designers, private collectors and galleries. Artfest (www.artfestinternational.com) and (www.MyArtfest.com) is the company's E-Commerce venue. Artfest owns the subsidiaries Art Channel, Inc. (www.artchannel.tv) and Art Channel Galleries, Inc. (www.ArtChannelGalleries.com), offering the most exciting product and rewards program in the history of the direct-sales industry (DSA).
About Tiger Woods
Tiger Woods (born Eldrick Tiger Woods, December 30, 1975) is an American professional golfer whose achievements to date rank him among the most successful golfers of all time. Currently the World No. 1, Woods was the highest paid professional athlete in 2006, having earned an estimated $100 million from winnings and endorsements. Golf Digest predicts Woods will become the world's first billionaire athlete in 2010. Woods has won 13 professional major golf championships, the second-most of any male player, and 63 PGA Tour events, the fourth-most of all time. He has more career major wins and career PGA Tour wins than any other active golfer. He is the youngest player to achieve the Career Grand Slam, and the youngest and fastest to win 50 tournaments on Tour. Woods has held the number one position in the world rankings for the most consecutive weeks and for the greatest total number of weeks. He has been awarded PGA Player of the Year a record nine times, the Byron Nelson Award for lowest adjusted scoring average a record eight times, and has tied Jack Nicklaus's record of leading the money list in eight different seasons. He has been named Associated Press Male Athlete of the Year four times, a record he shares with Lance Armstrong. For more info please visit Tiger Woods Home Page at http://www.tigerwoods.com/defaultflash.sps.
Safe Harbor Statement -- This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual or future results may differ materially from those anticipated depending on a variety of factors, including continued maintenance of favorable license arrangements, success of market research identifying new product opportunities, successful introduction of new products, continued product innovation, sales and earnings growth, ability to attract and retain key personnel, and general economic conditions affecting consumer spending. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. ARTI does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.
For More Information, Contact: Artfest International, Inc. Jacob Cohen Controller 15851 Dallas Parkway, Suite 225 Addison, TX 75001 USA Tel: 877.278.6672 jcohen@artfestinternational.com
SOURCE: Artfest International, Inc.
mailto:jcohen@artfestinternational.com
ARTI news.....
Artfest Launches Exclusive Limited Edition Golf Art Series and Special Tiger Woods Signed Porcelain Collection
5 minutes ago - Market Wire
Artfest International, Inc. (OTCBB: ARTI) is pleased to announce its new "Golf Memories" Collection on www.artchannelgalleries.com. This limited edition signed and numbered Giclee collection celebrates some of the greatest Golf Courses around the world played by true golf legends. The collection features art at "Springtime in Augusta," "The 17th Hole at Sawgrass" and the classic "Maui Golf." The art also comes with a special Tiger Woods signed Boehm Porcelain collectible Tiger.
Internationally acclaimed artist Malcolm Farley (www.artchannelgalleries.com/art-malcolm-farley.aspx) is renowned for his visions of color and unique ability to capture "the moment, the action, and the spirit of the event." In his unique impressionistic style, Malcolm blends color with the drama of some of the world's most memorable moments in time. Malcolm pauses, scrutinizes and shrugs. "Everywhere I look I see these fantastic, bright colors. It has been that way since I was a kid."
In his formidable years, Farley traveled the world with his family gaining cultural perspectives. As a scholarship athlete, he learned to combine his athletic talents and passion as a jazz saxophonist with art to obtain his Bachelor of Fine Arts from Metropolitan State College in Denver. After receiving various collegiate awards, Malcolm chose the path of a commercial artist, becoming a connoisseur of many styles. Today, with his reputation as one of the modern master painters, he holds company with just a handful. His recent successes include commissions by The Sopranos, Major League Baseball's 30 most Memorable Moments, the NFL & Pepsi to release 800 million SuperBowl commemorative cans, US Opens, Mikhail Gorbachev, All Star Games and the 2000 Olympics in Sydney.
The signed Boehm Porcelain collectible features a baby tiger holding a golf ball. The collectible is accompanied by a photograph of Tiger Woods and his late father Earl Woods. The Giclee collection also showcases artwork signed and numbered by renowned artist Malcolm Farley. Many of the paintings feature world famous golf courses where Tiger Woods has won some of his most spectacular tournaments. This is a very unique one of a kind collector's package for both the golf enthusiast and investor.
"The Golf Memories collection is an incredible addition to our portfolio of signed and numbered limited edition art and collectibles," says Edward Vakser, CEO and Chairman of Artfest. "This collection marks another milestone in our entry into the world of sports memorabilia and collectibles in art reproduction. I look forward to future collections that further cater to the interests of our growing international Member database."
Art Channel Galleries is a very unique social direct sales network that features an incredible business opportunity for members through art and collectibles, including sports memorabilia. The proprietary software system enables members to set up their own fine art and collectibles business with minimal effort. Upon joining, members have access to a personalized automated website, self-replicating galleries and a simplified authenticated delivery system so they can begin to buy, sell, and trade art. In addition, the software provides sales training and presentations for members to familiarize themselves with sales techniques and processes.
About Artfest International, Inc.
Artfest International, Inc is a publicly traded company under the symbol "ARTI." Artfest connects artists, investors, decorators, designers, private collectors and galleries. Artfest (www.artfestinternational.com) and (www.MyArtfest.com) is the company's E-Commerce venue. Artfest owns the subsidiaries Art Channel, Inc. (www.artchannel.tv) and Art Channel Galleries, Inc. (www.ArtChannelGalleries.com), offering the most exciting product and rewards program in the history of the direct-sales industry (DSA).
About Tiger Woods
Tiger Woods (born Eldrick Tiger Woods, December 30, 1975) is an American professional golfer whose achievements to date rank him among the most successful golfers of all time. Currently the World No. 1, Woods was the highest paid professional athlete in 2006, having earned an estimated $100 million from winnings and endorsements. Golf Digest predicts Woods will become the world's first billionaire athlete in 2010. Woods has won 13 professional major golf championships, the second-most of any male player, and 63 PGA Tour events, the fourth-most of all time. He has more career major wins and career PGA Tour wins than any other active golfer. He is the youngest player to achieve the Career Grand Slam, and the youngest and fastest to win 50 tournaments on Tour. Woods has held the number one position in the world rankings for the most consecutive weeks and for the greatest total number of weeks. He has been awarded PGA Player of the Year a record nine times, the Byron Nelson Award for lowest adjusted scoring average a record eight times, and has tied Jack Nicklaus's record of leading the money list in eight different seasons. He has been named Associated Press Male Athlete of the Year four times, a record he shares with Lance Armstrong. For more info please visit Tiger Woods Home Page at http://www.tigerwoods.com/defaultflash.sps.
Safe Harbor Statement -- This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual or future results may differ materially from those anticipated depending on a variety of factors, including continued maintenance of favorable license arrangements, success of market research identifying new product opportunities, successful introduction of new products, continued product innovation, sales and earnings growth, ability to attract and retain key personnel, and general economic conditions affecting consumer spending. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. ARTI does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.
For More Information, Contact: Artfest International, Inc. Jacob Cohen Controller 15851 Dallas Parkway, Suite 225 Addison, TX 75001 USA Tel: 877.278.6672 jcohen@artfestinternational.com
SOURCE: Artfest International, Inc.
mailto:jcohen@artfestinternational.com
That would wrap up his tenure as a hero...Dems could only watch and weep....lol
Bush Claims Sole Power Over Iraq War
Associated Press | March 06, 2008
WASHINGTON - The administration can keep troops in Iraq into next year even after the current U.N. mandate governing operations there expires and without Congress' permission, a senior State Department official told a Democratic lawmaker on March 5.
In a letter to Rep. Gary Ackerman, D-N.Y., David Satterfield said military operations can continue "beyond the end of this year under the laws passed by Congress and the president's authority as commander in chief."
Satterfield's statement reaffirms the administration's position that it does not need international or congressional approval to conduct military operations around the world, particularly when going after terrorists. Democrats counter that the president's assertion is in violation of the Constitution and hurts the U.S. image abroad.
"It's ludicrous to think that we have entry into any country because there's an individual there that we don't like," Ackerman said in an interview.
Particularly if the U.N. mandate expires, "I think the world would see our place in Iraq as totally illegitimate at that point," he said.
Satterfield, the State Department's top adviser on Iraq, sent the letter in response to a pointed exchange with Ackerman a day earlier during a House hearing.
With the U.N. mandate set to expire at the end of the year - and neither Iraq nor the U.S. wanting to extend it - the two countries are negotiating a long-term security plan that would take its place. The closely held draft document foresees a flexible agreement that would allow the U.S. and Iraqi governments to adapt and shift responsibilities as conditions change.
While officials say it would not tie the U.S. to specific troop levels or establish permanent bases in Iraq, the plan is expected to preserve the U.S. right to hunt down top foreign fighters inside Iraq's borders.
Administration officials have said they probably will not seek Senate approval of the plan because the agreement will not be a treaty that provides Iraq with specific security guarantees. This position has prompted a backlash in Congress, where Democrats have proposed legislation that would render the agreement null and void without the Senate's blessing.
In his statement, Satterfield cites two legislative measures that he says gives the administration cover to remain in Iraq: the 2001 and 2002 resolutions authorizing force in Iraq and against nations harboring al-Qaida terrorists.
Democrats and some Republicans have questioned whether the 2002 authorization of force in Iraq still applies legally because it referred to the need to get rid of Saddam Hussein and eliminate the threat of weapons of mass destruction. Since the 2003 invasion, Hussein has been captured and killed, and weapons of mass destruction were not found.
A Saddam-era oil deal with China is expected to revive next month, Oil Ministry says
The Associated PressPublished: March 6, 2008
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BAGHDAD: Iraq and China are close to wrapping up negotiations on a US$1.2 billion oil contract that was originally agreed to in 1997 under Saddam Hussein's government, an Oil Ministry official said Thursday.
State-owned China National Petroleum Corp. signed the deal to develop the billion-barrel al-Ahdab oil field in the midst of U.N. sanctions that barred direct dealings with Iraq's oil industry.
Beijing was waiting for sanctions to end when the U.S. invasion in 2003 overthrew Saddam's government. The two countries restarted talks in October 2006.
"We are expecting that the next round of discussions, due to be held in April, will finish the negotiations," the official told The Associated Press on condition of anonymity as he was not authorized to release information.
According to the official, the Iraqi government presented proposals to amend the original production-sharing contract, with the country's new oil and gas law has bogged down in parliament.
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"If they (CNPC) are ready to work, then they will sign the contract," added the official who declined to discuss his ministry's proposals.
The official added that the presence of Wasit province governor, where al-Ahdab oil field is located, in last week discussion that held in Amman, Jordan, "was very important as he assured them about the protection Iraqi security forces can offer in case they want to start working."
Wasit, about 160 kilometers (100 miles) southeast of Baghdad, has been the scene of sporadic attacks since the U.S.-led invasion in 2003.
Iraq is planning to increase crude oil output to 3 million barrels a day by the end of 2008 from the current 2.5 million barrels a day by employing foreign companies' expertise as security improves.
The war-torn country also is targeting production of 4.5 million barrels a day by end of 2013. Iraq sits on the world's third-largest oil reserves, totaling more than 115 billion barrels.
On Wednesday, another oil official said that Iraq's Cabinet has given the nod to the Oil Ministry to sign agreements with international oil companies to help increase the nation's crude output.
The two-year deals, known as technical support agreements, or TSAs, are designed to develop five producing fields that would add 500,000 barrels per day to the country's 2.4 million barrels per day output.
National Security Political Council Holds Meeting
PUKmedia 06-03-2008 11:14:47
Headed by President Jalal Talabani, and in the presence of vices-president Tariq al-Hashimi and Adil Abdul Mahdi, PM Nouri al-Maliki, Parliament speaker Mahmoud al-Mashhadani, Deputy PM Barham Salih, representative of Kurdistan Region President Roj Nouri Shawis and political blocs representatives, the National Security Political Council held a meeting at President Talabani’s private office in Baghdad yesterday.
The meeting discussed in details the subject of reshuffle the cabinet, the general situation in the country and solving the problems and challenges that face the political process.
On the other hand, discussions were made about the long range period strategic agreement between Iraq and U.S. which concerns Iraq’s future.
The meeting emphasized on the participation of a large number of political blocs in this decision, as well as experts, lawmakers, military and security figures in discussing this important issue.
no prob...welcome Panhead
Reserve Dhi Qar 6 billion barrels of Iraqi oil
تأسيس شركة لتعزيز إنتاج محافظة ميسان Set up a company to promote the production of Missan governorate
كشف محافظ ذي قار العراقية عزيز كاظم علوان، عن توافر «احتياط كبير من النفط الخام في المحافظة يصل الى 6 بلايين برميل»، مشيراً الى جهود تبذل لتهيئة الأعمال المدنية وتخصيص الأرض اللازمة لإنشاء المدينة النفطية، التي أعلن وزير النفط العراقي حسين الشهرستاني، أنها ستكون من اكبر الحقول النفطية في العراق. A governor of Dhi Qar Iraqi Aziz Kazem Alwan, the availability of «a large reserve of crude oil in the governorate of up to 6 billion barrels», referring to efforts to create civil works and the allocation of land for the establishment of the city of oil, which was announced by Iraqi Oil Minister Hussein Shahrastani, it will be of the largest oil fields in Iraq.
وأشار عزيز إلى أن ثلاثة حقول نفطية في ذي قار (400 كيلومتر جنوب بغداد) تنتج 550 ألف برميل يومياً من النفط الخام، بواقع 300 ألف في حقول الناصرية و140 ألفاً في الغراف و 110 آلاف في حقل الرافدين». Aziz pointed out that the three oil fields in Dhi Qar (400 kilometres south of Baghdad) produces 550 thousand barrels per day of crude oil by 300 thousand in the fields of Nasiriyah, 140 thousand in Gharraf, 110 thousand in the Rafidain field ».
وأعلن نائب رئيس مجلس محافظة ميسان (400 كيلومتر جنوب بغداد) ان الهدف من «تأسيس شركة مستقلة باسم شركة «نفط ميسان» وفصلها عن نفط الجنوب، هو أن محافظة ميسان من المحافظات المنتجة للنفط وتختزن الاحتياط النفطي المضمون للبلاد، اذ تنتشر الحقول النفطية على رقعة واسعة من المحافظة». The Deputy Chairman of the Board of Missan governorate (400 kilometres south of Baghdad) that the aim of «founding an independent company on behalf of the company« oil Maysan »separated from the oil and south, is that the governorate of Missan governorate oil-producing and oil reserve storing content of the country, it spread to the oil fields area The range of preservation ». وأوضح مصدر في الشركة الجديدة ان المحافظة «تنتج الآن 120 ألف برميل يومياً، باستثناء الحقول قيد التأهيل، وتشمل حقول النور والفكة وابو غرب الشمالي والحلفاوية». The source said the new company to maintain «now produces 120 thousand barrels per day, with the exception of fields under rehabilitation, and include light and Fakkah fields and the northern and western Abu Alafawiyeh». ولفت الى وجود مواقع كثيرة غير مكتشفة تحتاج الى معدات متطورة لاختزال الوقت والجهد، مؤكداً أن لملاكات الشركة الخبرة الجيدة في هذا المجال، وعملت سابقاً على تأهيل حقول نفطية وتطويرها. He pointed out that there are many undiscovered sites require sophisticated equipment to reduce the time and effort, stressing that the company tables good experience in this area, and previously worked on the rehabilitation and development of oil fields.
وتابع المصدر ذاته، أن ما تنتجه محافظة ميسان من النفط الخام، لا يوازي حجم الاحتياط الكبير الذي تختزنه، لافتاً الى الحاجة الى المعدات اللازمة المساهمة في عملية تأهيلها واستثمارها. The source continued the same, that the output of Missan governorate of crude oil, equivalent to the size of the reserve is not big therein, pointing to the need for the necessary equipment to contribute to the process of rehabilitating and investing.
وكانت مصادر مسؤولة في وزارة النفط العراقية كشفت لـ «الحياة» أنها قدّرت المخزون الإجمالي من النفط الخام في محافظة ميسان بـ 30 بليون برميل، منها تسعة بلايين برميل قابلة للاستخراج والاستثمار. The Official sources in the Iraqi Oil Ministry revealed l «life» it estimated the total inventory of crude oil in the governorate of Missan at 30 billion barrels, of which nine billion barrels are mining and investment. فيما تحتاج الكميات المتبقية الى خبرات وجهود بتقنية عالية، والحقول القابلة للاستثمار، هي البزركان والفكة وأبو غرب، والعمارة والحلفاوية. With the remaining quantities needed expertise and the efforts of high technology, fields that are for investment, and is Albozorkan Fakkah and Abu West, Amarah and Alafawiyeh. وأشار إلى أن إنتاج النفط في هذه الحقول يتجاوز 125 ألف برميل يومياً، في حين أن هناك حقولاً جاهزة للإنتاج الفوري في المحافظة، وتشمل الحويزة الحدودي والنور وكميت والدجيلة. He pointed out that oil production in these fields than 125 thousand barrels per day, while the fields are ready for immediate production in the province, including the border and the al-Nour, and Digilh Kmit.
600 مليون دولار أرباح مصرف «الرافدين» $ 600 million bank profits «Rafidain»
أعلن المدير العام لمصرف الرافدين (الحكومي) عبد الحسين الياسري، أن الجهود «تنصب الآن لإعادة هيكلة المصرف لتطويره والوصول به إلى مصاف المصارف العالمية، خصوصاً أنه كان ضمن أفضل مئة مصرف في العالم». The Director-General of the Rafidain Bank (government) Hussein Abdel-Yasiri, that the efforts «focus now on the restructuring of the bank to develop it and bringing it to the ranks of global banks, especially since he was among the best hundred bank in the world». وأشار إلى أن أرباحه «تجاوزت 722 بليون دينار (نحو 600 مليون دولار) العام الماضي، بزيادة 125 في المئة عن 2006». He pointed out that profits «exceeded 722 billion dinars (about 600 million dollars) last year, an increase of 125 percent from 2006».
وأوضح الياسري ان المصرف في صدد إنجاز ربط فروعه مع بعضها، ومن ثم ببقية المصارف العالمية، لتسهيل عملية تحويل المبالغ أو استلامها من المصارف العالمية إلى العراق وبالعكس». Yasiri pointed out that the bank is in the process of completion linking branches together, and then the rest of the world bank, to facilitate the process of conversion or the amounts received from the global banks to Iraq and vice versa ». ولفت الى أن «تكلفة هذا المشروع المتفق عليه مع شركة «مايس» البريطانية بلغت 10 ملايين دولار». He pointed out that «cost of this project agreed upon with the company« Maes »British amounted to 10 million dollars».
وأعلن أن المصرف «احتل 70 في المئة من مساحة العمل المصرفي في العراق وازدادت تسليفاته 100 في المئة». He announced that the bank «occupied 70 percent of the area of banking operations in Iraq have increased 100 percent Tslevath». وأشار الى خسائر ناتجة عن تعرضه لأعمال سلب ونهب إبان سقوط النظام السابق في 2003، بلغت حصيلتها 476 بليون دينار، فضلاً عن تجميد 800 مليون دولار من ودائعه في دول كثيرة». The losses resulting from the work being looting during the fall of the former regime in 2003, with revenues amounting to 476 billion dinars, as well as the freezing of $ 800 million of deposit in many states ».
Analysis: Oil and Gas Pipeline Watch
Published: March 4, 2008 at 7:08 PM
By BEN LANDO
UPI Energy Editor
Transneft begins Kozmino end to ESPO oil pipeline
The head of Russia's pipeline monopoly says construction will begin this month on the Far East coast of Russia, where the planned East Siberia Pacific Ocean pipeline will end.
"Currently, the feasibility study for the construction of the terminal is ready," Nikolai Tokarev said, Oil & Gas Journal reports. "It has successfully gone through examination by governmental experts."
RIA Novosti reports one stage of the ESPO route has been changed to a more northern route through Yakutia and will not go through Lake Baikal.
The pipeline's plan is to send 1.6 million barrels per day from Siberia to consumers in China and other parts of Asia.
Surgutneftegas, one oil firm supplying ESPO, said it could do so starting in July, OGJ reports.
Russia's largest state oil firm Rosneft said it will prioritize the Vankor oil field to feed ESPO as well.
The first stage of ESPO will run from Taishet to Skovorodino before reaching Kozmino by rail at 603,000 bpd. The second stage, replacing the Skovorodino rail with pipeline, will add another 1 million bpd capacity.
Iraq, Turkey, U.S. hold gas pipeline talks
The three nations held a third series of energy talks, with a focus on developing Iraq's northern gas sector to feed Turkish and European energy demands via a new Kirkuk-Ceyhan pipeline.
The gas line would run along the same route as the current oil pipelines, which have been largely offline due to insurgents since 2003 but have been better protected for the past six months.
"The overall goal is to figure out how best to attract investment to stimulate gas production in Iraq, so that there's enough gas for Iraq's domestic consumption and for export," Deputy Assistant Secretary of State for European and Eurasian Affairs Matthew Bryza told United Press International before heading to Turkey. "We would hope that once there's enough gas for Iraq's domestic consumption that there will be a significant quantity that will be exported into Europe up via Turkey into the Nabucco and Turkey-Greece-Italy pipelines."
"To transport Iraqi natural gas to international markets is of great strategic importance," said Murat Karagoz, first counselor at the Turkish Embassy in Washington.
Reliance says East-West pipeline ready in three months
The Indian private major said natural gas from its Krishna-Godavari basin block will be ready to flow through the country's largest pipeline within the next three months.
The Business Standard reports a source said the second week of May is a company deadline, months ahead of the previously scheduled timeline.
"We are close to finishing the civil and mechanical work for the entire pipeline and will soon start dry runs to make it ready for gas transportation," a senior company executive said.
An earlier estimation was to time the pipeline's start with a new Reliance refinery in Jamnagar and the Krishna-Godavari basin's readiness.
Both projects are ahead of schedule, The Business Standard reports.
E.ON and Gazprom to use Nord Stream pipeline gas for new power station
Germany's E.ON and Russia's Gazprom signed a memorandum of mutual understanding to build and manage a gas turbine power station in Germany.
The companies said in a statement that the new facility is slated to be built near the future Nord Stream gas pipeline's entrance point into Germany and will use the fuel supplies from that pipeline.
The power station has an expected capacity of 1,200 megawatts and could be operational in 2011. A final investment decision on the project is expected to be made in 2009.
E.ON and Gazprom are also cooperating in the construction of Nord Stream. The two companies said they will set up a joint venture in Germany on an equal basis to carry out the project.
"The Gazprom Group will take part in all phases of the project's price chain -- from gas supplies to the sale of generated electricity," a representative for Gazprom said.
http://www.upi.com/International_Sec...ne_watch/7110/
Controversy erupted anew between Maliki and the Presidency over the issue of the Anfal Mdani
--------------------------------------------------------------------------------
2008-03-05 2008-03-05
تعثرت الخطوات الرامية لاعدام علي حسن المجيد ابن عم صدام حسين بسبب خلاف جديد بين رئيس الوزراء نوري المالكي ومجلس الرئاسة. Stumbled steps to the execution of Ali Hassan Al Majid, a cousin of Saddam Hussein because of a new dispute between Prime Minister Nuri al-Maliki and the Presidency.
وأقر المجلس المؤلف من الرئيس جلال الطالباني ونائبيه على الاعدام الذي تأجل طويلا للمجيد المعروف باسم علي الكيماوي يوم الجمعة ولكنه لم يتبن اعدام اثنين من القادة السابقين للجيش صدر بحقهما حكم بالاعدام معه. The Board approved the author of the President Jalal Talabani and his two deputies on the penalty, which was postponed for long Majid, known as "Chemical Friday, but did not adopt the execution of two former leaders of the army was sentenced to death their right with him.
وقال علي الدباغ المتحدث باسم الحكومة التي يهيمن عليها الشيعة ان المالكي لم يرض بهذا القرار وأراد اعدام الثلاثة في وقت واحد. Skinner said the spokesman for the government, which is dominated by Shiites that Maliki not satisfied with the resolution he wanted the three executions at the same time.
وصدر الحكم باعدام المجيد ووزير الدفاع سلطان هاشم والقيادي السابق بالجيش حسين رشيد محمد في يونيو حزيران بعد ادانتهم في قضية حملة الأنفال التي قتل فيها عشرات الآلاف من الأكراد. Judgement execution Majid and Minister of Defense Sultan Hashim, former army leader Hussein Mohamed Rashid in June after being convicted in the case of the Anfal campaign which killed tens of thousands of Kurds.
وأدت مناوشات قانونية لتعطيل الاعدام. The legal skirmishes to disrupt penalty. وعارض الطالباني وهو كردي ونائب الرئيس طارق الهاشمي وهو عربي سني اعدام محمد وهاشم مشيرين إلى أنهما كانا مجرد عسكريين يطيعون الأوامر. He opposes Talabani, a Kurd, Vice President Tariq Hashimi is a Sunni Arab, Hashim Mohammed execution, pointing out that they were simply obey military orders.
والثلاثة محتجزون لدى القوات الأمريكية. The three detainees to the American forces.
وقال الدباغ ان الحكومة العراقية ترفض استلام علي حسن المجيد من دون سلطان هاشم وحسين رشيد. Skinner said that the Iraqi government refuses to receive Ali Hassan al-Majid without Sultan Hashim and Rashid Hussain.
وأضاف ان رئيس الوزراء يرفض تقسيم أحكام الاعدام التي صدرت من المحكمة العراقية العليا. He added that the Prime Minister rejected the division of death sentences issued by the Iraqi Supreme Court. وأشار إلى أنه يريد أن تنفذ في آن واحد. He pointed out that he wanted to implement at the same time. وتابع أن المالكي لا يرى أن من حق مجلس الرئاسة تخفيف الاحكام أو تغييرها. He continued that al-Maliki did not feel that it was the right of the Presidency commutation of sentences or changed.
وفي وقت سابق يوم الاربعاء قال الميجر جنرال كيفن بيرجنر المتحدث باسم الجيش الأمريكي للصحفيين في بغداد ان الحكومة لم تقدم طلبا بتسلم الثلاثة. Earlier on Wednesday, said Major General Kevin Brzinr American army spokesman told reporters in Baghdad that the government did not submit a request to receive three. وأضاف "بمجرد حدوث ذلك فسننفذ مسؤوليتنا He added: "Once this happens, our Fsnnfz
وكان مسؤولون عراقيون قد قالوا انهم يتوقعون اعدام علي الكيماوي خلال أيام. The Iraqi officials have said they expect the execution of the chemical within days. وهلل كثير من العراقيين لحكم الاعدام الذي صدر بحقه في يونيو حزيران. The many layers of Iraqis to the death sentence issued against him in June.
ولكن القادة العرب السنة بدأوا حملة لتخفيف حكم الاعدام عن هاشم الذي له سمعة بأنه جندي شجاع ومقدام. But Arab leaders have started a campaign year to ease the death sentence on Hashem who has reputation as a brave soldier and Moqaddam.
ونفذ حكم الاعدام بحق صدام وثلاثة من الشخصيات البارزة في قيادته And carried out the death sentence against Saddam and three eminent persons in leadership
وأدين المجيد ورفاقه في يونيو حزيران بادارة حملة الانفال ضد الاكراد عام 1988 والتي قتل فيها أكثر من 100 ألف شخص واستخدمت فيها أسلحة كيماوية وأبيدت قرى ودمرت أراض زراعية. Convicted Majid and his colleagues in the Department of June Anfal campaign against the Kurds in 1988, which killed more than 100 thousand people and used chemical weapons and wiped out villages and destroyed agricultural land.
وكان المجيد قد مثل أمام المحكمة في قضية أخرى لدوره في سحق انتفاضة قام بها الشيعة بجنوب العراق بعد حرب الخليج عام 1991 . The Majid had appeared before the court in another case for his role in crushing the uprising by Shiites in southern Iraq after the Gulf War in 1991.
وكالات Agencies
http://209.85.135.104/translate_c?hl...language_tools
Announcement No.(1120)
D.G. of Foreign Exchange Control
The 1120 daily currency auction was held in the Central Bank of Iraq day Thursday 2008/3/6 so the results were as follows :
Details Notes
Number of banks10-----
Auction price selling dinar / US $1210-----
Auction price buying dinar / US $-----------
Amount sold at auction price (US $)51.175.000-----
Amount purchased at Auction price (US $) ------
Total offers for buying (US $)51.175.000-----
Total offers for selling (US $)-----------
ok off topic but you HAVE to see this..Sopranos..lmao
http://my.break.com/content/view.aspx?ContentID=460833
oops duplicate.....for Dong holders.he he I like that lol
Viet Nam measures to reduce double-digit inflation
Viet Nam's annual inflation rate jumped to 15.67% in February, the highest level in more than 12 years, and it has been in double digits for four months.
A statement on the government's web site late on Tuesday ordered the central bank and other ministries to take the following measures to tackle inflation in 2008.
-- Expand the trading band for the dollar/dong to 2% either side of an official rate set daily by the central bank, wider than 0.75% now.
-- The central bank is to implement compulsory promissory note sales and consider raising banks' compulsory reserves.
-- The State Bank of Vietnam is to secure liquidity for commercial banks to meet payment needs.
-- Credit growth this year will be limited to 30%, after an expansion of more than 40% last year.
-- More issues by the government of dong and foreign currency bonds to prevent increasing dollarisation of the economy and withdraw idle cash to reduce inflation, raise national currency reserves or to invest overseas.
In February, the central bank took measures to reduce excess liquidity in order to curb inflation.
The following summarises the State Bank of Vietnam's moves:
- From Feb. 1 the central bank raised banks' compulsory reserves to 11% of their dollar and dong deposits of up to 12 months from 10%.
The reserves required for dong and dollar deposits longer than 12 months rose to 5% from 4%.
- From Feb. 1 the central bank raised its three main interest rates, last changed in December 2005, by up to 1.5 percentage points. The base rate is now 8.75%, up from 8.25% previously.
- On Feb. 3 the central bank raised the limit on bank loans to stock investors, saying banks can lend a maximum 20% of their registered capital. The ruling replaced the previous limit on 3% of total loans.
- On Feb. 14 the central bank said it would issue 20.3 trillion dong in Treasury bills that banks are obliged to buy. It set a coupon of 7.8% for the March 17 issue and named 41 buyers of the debt.
- On Feb. 27, in an attempt to stabilise the money market, the central bank said commercial banks must avoid raising interest rates on dong deposits above 12%.
- Separately, Finance Minister Vu Van Ninh was quoted by a Planning and Investment Ministry-run newspaper as saying loans to land speculators must be tightened. (Reuters)
at 3/04/2008 08:30:00 PM
Nhãn: Banking - Finance, Economy, Inflation
Viet Nam measures to reduce double-digit inflation
Viet Nam's annual inflation rate jumped to 15.67% in February, the highest level in more than 12 years, and it has been in double digits for four months.
A statement on the government's web site late on Tuesday ordered the central bank and other ministries to take the following measures to tackle inflation in 2008.
-- Expand the trading band for the dollar/dong to 2% either side of an official rate set daily by the central bank, wider than 0.75% now.
-- The central bank is to implement compulsory promissory note sales and consider raising banks' compulsory reserves.
-- The State Bank of Vietnam is to secure liquidity for commercial banks to meet payment needs.
-- Credit growth this year will be limited to 30%, after an expansion of more than 40% last year.
-- More issues by the government of dong and foreign currency bonds to prevent increasing dollarisation of the economy and withdraw idle cash to reduce inflation, raise national currency reserves or to invest overseas.
In February, the central bank took measures to reduce excess liquidity in order to curb inflation.
The following summarises the State Bank of Vietnam's moves:
- From Feb. 1 the central bank raised banks' compulsory reserves to 11% of their dollar and dong deposits of up to 12 months from 10%.
The reserves required for dong and dollar deposits longer than 12 months rose to 5% from 4%.
- From Feb. 1 the central bank raised its three main interest rates, last changed in December 2005, by up to 1.5 percentage points. The base rate is now 8.75%, up from 8.25% previously.
- On Feb. 3 the central bank raised the limit on bank loans to stock investors, saying banks can lend a maximum 20% of their registered capital. The ruling replaced the previous limit on 3% of total loans.
- On Feb. 14 the central bank said it would issue 20.3 trillion dong in Treasury bills that banks are obliged to buy. It set a coupon of 7.8% for the March 17 issue and named 41 buyers of the debt.
- On Feb. 27, in an attempt to stabilise the money market, the central bank said commercial banks must avoid raising interest rates on dong deposits above 12%.
- Separately, Finance Minister Vu Van Ninh was quoted by a Planning and Investment Ministry-run newspaper as saying loans to land speculators must be tightened. (Reuters)
at 3/04/2008 08:30:00 PM
Nhãn: Banking - Finance, Economy, Inflation
Oil futures retreated from a new overnight record above $103 as the dollar
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Oil jumps to new record on dollar's fall
High gas prices are posted at a Shell gas station in Menlo Park, Calif., Friday, Feb. 29, 2008. Oil futures retreated from a new overnight record above $103 as the dollar gained strength and Turkish forces withdrew from northern Iraq, removing two of the reasons underpinning crude's dramatic 19 percent rise from earlier this month. Gasoline and diesel prices, meanwhile, continued to soar. Gas prices rose 0.3 cent overnight to a national average of $3.164 a gallon, creeping closer to last May's record of $3.227 a gallon, according to AAA and the Oil Price Information Service. (AP Photo/Paul Sakuma)
Email|Print| Text size – + By John Wilen
AP Business Writer / March 3, 2008
NEW YORK—Oil prices surged to a new record high Monday as the dollar weakened to another low against the euro.
more stories like thisLight, sweet crude for April delivery rose $1.93 to $103.77 on the New York Mercantile Exchange after earlier rising as high as $103.95. That's higher than the price of $103.76 that many analysts believe oil hit in 1980, when adjusted for inflation into 2008 dollars.
Oil's most recent run into record territory has been driven by the greenback's slump against other world currencies. Crude futures offer a hedge against a falling dollar, and oil futures bought and sold in dollars are more attractive to foreign investors when the dollar is falling.
Oil isn't the only commodity rising on the dollar's weakness -- gold, copper and wheat are among the other commodities that have rallied in recent weeks as the dollar has fallen.
"It's coming down to another commodity price rally," said Phil Flynn, an analyst at Alaron Trading Corp., in Chicago.
Other energy futures also rallied Monday. In other Nymex trading, April heating oil futures jumped 6.06 cents to $2.8675 a gallon, and April gasoline futures rose 5.65 cents to $2.7264 a gallon. April natural gas futures gained 20 cents to $9.566 per 1,000 cubic feet.
In London, Brent crude futures rose $2.07 to $102.17 a barrel on the ICE Futures exchange.
http://www.boston.com/business/artic..._by_us_dollar/
Mahmoud Ahmadinejad’s visit to Iraq blemishes US-led policies
Front page / World / Asia
05.03.2008 Source: Pravda.Ru
Pages: 1
The media did not pay much attention to the event that was really important for modern-day international relations. For the first time in a decade Iran’s Mahmoud Ahmadinejad visited Iraq. A reason for this negligence is obvious: Ahmadinejad’s visit to Baghdad is only one of the most important stages of the forthcoming Iranian-Iraqi cooperation, which does not testify to successful foreign policies of the US administration.
Mahmoud Ahmadinejad’s visit to Iraq blemishes US-led policies
The leaders of the Western states, including the USA, visit Baghdad secretly. Iran’s president, whose visit to Baghdad was no secret at all, said that US officials should realize the real state of affairs in the region and added that the Iraqis did not like the USA.
It is hard to say to which extent the Iraqis like Ahmadinejad, but they greeted the president of Iran with honors. Negotiations were conducted in a friendly atmosphere. A person ignorant of the development of the bilateral negotiations may wonder how the USA feels about these negotiations, for the USA is the stronghold of the present Iraqi state.
German reporter noted that it was impossible not to hear Washington grinding its teeth. But what can the USA do? Its operations in Iraq were so “successful” that even US diplomats were ordered to negotiate with their Iranian counterparts.
Baghdad has more reasons for friendly relations with Teheran than for hostility. Of course, American accusations of Iran supporting resistance in Iraq look quite convincing. But Iraq virtually remains the state of civil war. What may seem to be the support of terrorists may in fact turn out to be the armament of righteous groups in their struggle against invaders.
From the political point of view, all members of the ruling Iraqi political elite sympathize with the Islamic Republic of Iran. The sympathy appeared when Teheran supported Iranian opposition to Saddam Hussein. Both Shiites and Kurds supported Iran during the lengthy Iran-Iraq war, while the USA helped Sunni Saddam. To terror of the USA, even Kurdistan is on good terms with Iran.
The economic point of the present cooperation is also of great importance: the neighboring states are ready to help Baghdad. For example, during the present visit an agreement on lending one billion dollars was signed. Experts say that Iran was very helpful in solving Iraq’s problems by supplying essential commodities and helping to restore the nation’s oil industry.
It will be interesting to see how Ahmadinejad’s visit to Iraq will affect home policies of the two states. Iraqi Prime Minister Maliki enjoys a stable position (even the USA can do nothing since all the other candidates for his post are much worse), although not all groups of the Iraqi society approve the cooperation with Iran. Sunnis and Shiites who were not influenced by Teheran are especially discontented; there are quite a lot of people in Iran who remember Hussein’s barbarous wars.
Good nite.....see ya tomorrow
Director General of the Rafidain Bank: $ 10 million cost of completion of a comprehensive service system and the banking smart card
يستعد مصرف الرافدين العراقي لاطلاق تجربة البطاقة الذكية التي ستتيح للموظفين والمتقاعدين استلام روابتهم الشهرية بواسطتها ذلك من خلال نشر عدد كبير من الصناديق الآلية التي تستعمل لهذا الغرض، فيما بلغت ارباح المصرف العام الماضي 722 ملياراً و106 ملايين دينار، Rafidain Bank of Iraq is preparing to launch a test of smart card that would give employees and retirees receiving monthly Roapthm be done through the deployment of a large number of funds mechanism used for this purpose, while the profits of the bank last year, 722 billion and 106 million dinars,
اي زيادة بلغت 125 بالمئة عن العام 2006. Any increase of 125 percent from the year 2006. وقال مدير عام المصرف عبدالحسين الياسري : اننا بصدد الانتهاء من عملية ربط فروع المصرف مع بعضها ومن ثم ربطها مع بقية المصارف العالمية، وهذا ما يسمى بـ”النظام الشامل “ الذي سيتيح عملية تحويل او استلام المبالغ من المصارف العالمية الى العراق وبالعكس، الامر الذي سيسهل نقل المبالغ والحوالات كثيرا، لاسيما لاصحاب المشاريع ورجال الاعمال، مشيرا الى ان هذا العام سيشهد انجاز هذا المشروع الذي تم الاتفاق عليه مع شركة”مايس “ البريطانية وبقيمة بلغت 10 ملايين دولار. The director said the bank next Yasiri: We are finalizing the process of linking with each bank branches and then connected with the rest of the global banks, and this so-called "comprehensive system" which would allow the transfer or receipt of funds from global banks to Iraq and vice versa, which will facilitate the Transfer payments and remittances lot, especially for entrepreneurs and businessmen, pointing out that this year will see the completion of this project, which was agreed upon with the company "Maes" British and the value of 10 million dollars. واوضح الياسري: ان الجهود تنصب حاليا لاعادة هيكلة المصرف بغية الارتقاء بواقعه العملي، والوصول به الى مصاف المصارف العالمية، لاسيما ان مصرف الرافدين كان ضمن افضل مائة مصرف في العالم، مبينا ان اعادة الهيكلة ستشمل عدداً من الفقرات المهمة في مقدمتها تطوير اساليب العمل وتحسين آلية التعامل مع المواطن، ووضع الموظف القدير في المكان المناسب، فضلا عن وضع خطط ستراتيجية تهدف الى رفع مستوى المصرف العملي في المستقبل، مشيرا الى ان اعادة الهيكلة ستعمل على زيادة رأس مال المصرف، وذلك من خلال اعادة تقييم الموجودات. The Yasiri: The efforts currently focus for the restructuring of the bank in order to improve the practical fact, access to the ranks of global banks, especially the Rafidain Bank was among the best hundred bank in the world, indicating that the restructuring will include a number of important paragraphs in the forefront of the development of working methods and improve the mechanism dealing with the citizen, and able employee in the right place, as well as the development of strategic plans aimed at upgrading the bank practical in the future, pointing out that the restructuring would increase the bank's capital, through the revaluation of assets. الياسري قال ايضا: ان مصرف الرافدين استطاع ان يحتل 70 بالمئة من مساحة العمل المصرفي في العراق، وقد زادت منح الائتمان فيه بنسبة فاقت الـ 100 بالمئة فضلا عن توسيع نطاق الاستثمار من خلال وضع اموال المصرف في شراء حوالات الخزينة وشراء حوالات البنك المركزي، والدخول بما يسمى”الاوفرنايت “ وهي عملية استثمارية ساهمت برفع رأس مال المصرف، حيث بلغت في العام الماضي 25 ملياراً بعد ان كانت 10 مليارات في العام 2006 اي بزيادة بلغت 150 بالمئة وهذا ما تشير له ايضا حجم الودائع حيث تبلغ 20 ترليوناً في العراق منها 17 ترليوناً في مصرف الرافدين وحده. Yasiri also said: that the Rafidain Bank managed to occupy 70 percent of the area of banking operations in Iraq, has increased for credit at a rate of more than 100 percent as well as expanding investment funds through a bank to buy Treasury transfers and the purchase of remittances Central Bank, including entry called "Alaovrnayat" a process that contributed to the lifting of investment bank capital, which amounted to 25 billion last year after it was 10 billion in 2006, an increase of 150 percent and this indicates that the volume of deposits is also where the 20 Trliuna in Iraq, including 17 in Trliuna Rafidain Bank alone. واضاف الياسري ان مصرف الرافدين حاله كحال بقية دوائر ومؤسسات الدولة الاخرى التي تعرضت لاعمال السلب والنهب ابان سقوط النظام السابق، اذ تضررت جميع فروعه بصورة كاملة ونهبت كل محتوياتها، وقد بلغ حجم الخسائر 476 مليار دينار فضلا عن تجميد 800 مليون دولار من ودائع المصرف في العديد من الدول، وقد رحل قسم من هذا المبلغ الى صندوق تنمية العراق بعد ان اصدر مجلس الامن قراره بهذا الامر. He added that the Rafidain Bank Yasiri situation like the rest of the Chambers and other State institutions that have suffered looting during the fall of the former regime, with all its branches damaged fully and looted all their contents, volume reached 476 billion dinars losses as well as freezing 800 million dollars of deposits in several bank States, has gone part of this amount to the Development Fund for Iraq after the Security Council issued its decision in this matter. الياسري بين ان الانقطاع عن العالم الخارجي وتجميد الارصدة العراقية والوضع الامني اكثر العوامل التي اثرت سلبا على واقع عمل الجهاز المصرفي في العراق، مشيرا الى ان المصارف العراقية مقارنة بالاجنبية مازالت تحبو نحو الاداء الافضل، داعيا الى ضرورة دخول المستثمر الاجنبي في ذلك المجال بغية ارتفاع معدل المنافسة الذي سيتيح للعديد من المصارف العراقية تطوير واقعها العملي ليكون مشابها لتلك المصارف. Yasiri The drop from the outside world and the freezing of Iraqi assets and the security situation more factors that negatively affected the reality of the work of the banking system in Iraq, pointing out that Iraqi banks are still lagging compared Hours towards better performance, and called for the need to enter the foreign investors in that area to the high rate Competition, which will allow for many Iraqi banks and the development of practical reality to be similar to those banks. وقال الياسري: ان مصرف الرافدين يسعى جاهدا لدعم القطاع الخاص، ذلك لاعتقادنا ان هذا القطاع ساهم بتطور العديد من الدول المتقدمة ولم يساعدها في ذلك القطاع العام. He said Yasiri: The Rafidain Bank strives to support the private sector, because we believe that this sector contributed to the development of many of the advanced countries did not help the public sector. مشيرا الى ان المصرف اقرض هذا القطاع 102 مليار دينار و 971 مليوناً في العام الماضي، والعمل مستمر لاقراض عدد آخر من مؤسسات ومصانع هذا القطاع بغية ان يأخذ دوره في عملية دعم الاقتصاد العراقي. He pointed out that the bank loan this sector and 102 billion dinars 971 million last year, and work is continuing for a number of other lending institutions and factories of this sector in order to take its role in supporting the Iraqi economy. واكد الياسري ان العام الحالي سيشهد توزيع رواتب الموظفين والمتقاعدين ورواتب شبكة الحماية الاجتماعية عن طريق الصراف الآلي وبواسطة”البطاقة الذكية “ التي تتميز بـ 25 خاصية وستمكن رجال الاعمال والمواطنين من تحويل اموالهم وتصريفها من خلال الصناديق التي ستوزع في جميع فروع المصرف فضلا عن المناطق التجارية والاسواق والمطارات والمنافذ الحدودية وسيكون بمقدور المشترك استعمال هذه البطاقة في اي دولة اجنبية، ذلك بواسطة”النظام الشامل “ الذي سيربط فروع المصرف مع بعضها ومن ثم مع مصارف العالم الخارجي. Yasiri confirmed that the current year will witness the distribution of staff salaries and the salaries of retirees and a network of social protection through cash machines, by the "smart card" that characterized the 25 feature will enable businessmen and citizens to transfer their money and disposal through funds to be distributed in all branches of the bank as well as the areas of trade and markets The airports and border points would be able to use this card common in any foreign state, by "comprehensive system" which will connect the branches of the bank with some banks and then with the outside world.
A mere bag of shell lololol sick money
Shell Pursues Natural Gas Deal With Iraq
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Summary
Royal Dutch Shell has submitted a proposal to the Iraqi Oil Ministry to produce about 500 million cubic feet per day of Gas from major southern oil fields where most associated gas is currently flared, Iraqi and industry sources told International Oil Daily this week.
http://www.energyintel.com/DocumentD... ication_id=31
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Purchase of 108 kg of gold for gilding Mnarti threshold Abbasid
PUKmedia فضائية الفرات 08:45:29 2008-03-03 PUKmedia space Euphrates 08:45:29 2008-03-03
اعلنت ادارة العتبة العباسية شراء 108 كغم من الذهب لتذهيب منارة العتبة بما يتلاءم وقدسية المكان. The Department threshold Abbasid purchase 108 kg of gold for gilding beacon threshold line and the sanctity of the place.
وقال عبدالرسول القريشي عضو مجلس ادارة العتبة العباسية المطهرة يوم امس الاحد:"خصص الوقف الشيعي مبلغ اربعة مليارات دينار لشراء الذهب من البنك المركزي بمايكفي لتذهيب المنارتين". He said Rasul Koraïchi board member threshold Abbasid cleared yesterday Sunday: "stay Shiite amount allocated four billion dinars for the purchase of gold from the Central Bank of gilding Bmajkovi Almnartin."
واشار:"ان قيمة شراء الذهب هي ثلاثة مليارات و600 مليون دينار فيما الباقي مخصص لاعمال التذهيب والترميم". He noted: "The value of the purchase of gold is three billion and 600 million dinars, with the rest devoted to the work of Gilding and restoration."
واكد :"ان حصة كل منارة التي يبلغ ارتفاعها 44 مترا ستكون 54 كغم من الذهب. He stressed: "The share of each beacon with a height of 44 metres will be 54 kg of gold.
يذكر ان الامانة العامة للعتبة العباسية شكلت بعد سقوط النظام البائد من قبل مراجع الدين في النجف الاشرف وتشرف على اعمال البناء والترميم والصيانة وكافة الخدمات. It is noteworthy that the Secretariat of the Abbasid threshold formed after the fall of the former regime by Literature religion in Najaf, supervising the construction and repair, maintenance and all services.
Oil jumps above 103 dollars a barrel in Asia
PUKmedia من سي ان ان 08:43:01 2008-02-29 PUKmedia from CNN that 08:43:01 2008-02-29
واصلت أسعار النفط الخام تحليقها امس الخميس، لتبلغ مستويات قياسية، بارتفاع أكثر من دولارين للبرميل بسبب تدهور قيمة صرف الدولار أمام اليورو، وضخ المستثمرين أموالهم في مضاربات هذا السوق بعد أن عززت التوقعات باحتمال قيام الاحتياطي الاتحادي (البنك المركزي الأميركي) مواصلة خفض أسعار الفائدة. The price of crude oil continued its flight yesterday, Thursday, to reach record levels, at more than two dollars a barrel because of the deterioration of the value of the dollar against the euro, investors pumping money in the market after speculation that reinforced expectations that the Federal Reserve might (CBE American) to continue reducing interest rates.
بموازاة ذلك ارتفعت أسعار البترول في سوق التجزئة إلى مستويات قياسية فوق الثلاثة دولارات للغالون في محطات البترول في الولايات المتحدة الأمريكية. Parallel increased oil prices in the retail market to record levels over three dollars per gallon at the pump oil in the United States of America.
ففي التعاملات الإلكترونية لبورصة نيويورك في الأسواق الآسيوية الخميس، قفز سعر عقود خام النفط الخفيف، تسليم شهر إبريل/نيسان المقبل، 2.95 دولارا لتبلغ سعراً قياسياً عند 102.59 دولارا للبرميل، لتعاود هذه العقود ارتفاعها في بورصة آسيا بعد إغلاق بورصة "نايمكس" في نيويورك لتبلغ سعر تداول جديد فاق 103.05 دولارا للبرميل قبل أن تنزلق إلى سعر 102.92 دولارا للبرميل. In electronic transactions for the New York Stock Exchange in Asian markets Thursday, contracts jumped price of light crude oil for delivery month in April next $ 2.95 to $ 102.59 at the record price per barrel, to resume these contracts height in Asia Stock Exchange after the closing stock exchange "NYMEX" in New York to reach the price of a new circulation exceeded 103.05 dollars a barrel before slipping to the price of 102.92 dollars per barrel.
ووفق مراقبين فإن أسباب صعود النفط تعود لسلسلة تقارير أمريكية، أحدها تعليق صادر عن رئيس الاحتياطي الفيدرالي بن برنانكه بأن الاقتصاد مازال عرضة لخطر تباطؤ النمو، وأن تزايد المخاوف من التضخم قد "تعقد" مساعي الاحتياط الفيدرالي لتحفيز الاقتصاد، فيما أشار تقرير ثاني صادر عن وزارة التجارة الأمريكية إلى أن إجمالي الناتج المحلي نما فقط 0.6 في المائة في الربع الأخير، وهو أقل من التوقعات، بينما أشار تقرير آخر صادر عن وزارة العمل الأمريكية إلى ارتفاع معدل البطالة، إذ بلغ عدد طالبي المعونات إلى 19 ألف شخص الأسبوع الفائت وأكثر من التوقعات. According to observers, the reasons for the rise of oil back of a series of reports American, one comment by the President of the Federal Reserve Ben Bernenkh that the economy remains vulnerable to slower growth, and rising fears of inflation had "held" the Federal Reserve's efforts to stimulate the economy, with the report said the second issued by the Ministry of American trade to gross domestic product grew only 0.6 per cent in the last quarter, which is less than expectations, while another report indicated issued by the United States Department of Labor to rise in the unemployment rate, since the number of asylum aid to 19 thousand people last week and more than expectations.
ويلعب عامل تراجع الدولار حافزا في دفع المستثمرين إلى ضخ رؤوس أموالهم في البورصات وتحديدا في حمى الشراء لعقود النفط الآجلة رغم المخاطر، إذ أن بقاءها في المصارف مع تواصل تخفيض قيمة الفائدة يتسبب بخسارة القيمة الحقيقية للنقود بسبب التضخم ما يخلق عائدا سلبيا عليها. The retreat of the dollar plays a catalyst in pushing investors to pump their capital on the stock market, specifically in the fever of purchasing oil futures contracts despite the risks, because the survival of the banks continue with the devaluation caused a loss of interest the real value of money due to inflation as it creates a negative return.
ويقول فيل فلين المحلل لهذا السوق في مؤسسة "ألارون ترادينغ كورب." He says analyst Phil Flynn of this market in a "Allarron Trading Corp." في شيكاغو "أظن أن الحاصل هو اعتبار النفط أداة مالية" وفق أسوشيتد برس. In Chicago, "I think that is happening as a tool of oil money" according to the Associated Press.
وكانت هذه العقود قد تراجعت الأربعاء 1.24 دولارا للبرميل بعد تقرير وكالة إدارة الطاقة التابعة لوزارة النفط الأمريكية الأسبوعي، حيث أشار إلى أن احتياطي مخزون البلاد من الخام ارتفع أكثر مما كان متوقعاً الأسبوع الفائت. The contracts were declined Wednesday to $ 1.24 a barrel after report of the Department of Energy Agency of the Ministry of Oil American Weekly, which pointed out that the country's reserves of crude stocks rose more than expected last week.
وفي باقي المشتقات النفطية، ارتفعت عقود الغازولين الآجلة لشهر مارس/آذار أكثر من 1.8 سنتا لتستقر عند 2.4957 دولارا للغالون في بورصة "نايمكس" في نيويورك الخميس، فيما بلغت عقود وقود التدفئة 2.8456 دولارا للغالون بارتفاع قدره 7.45 سنتا. The rest of oil derivatives, increased gasoline futures contracts for the month of March more than 1.8 cents to stabilize at $ 2.4957 per gallon in the Stock Exchange "NYMEX" in New York Thursday, while the contracts for heating fuel 2.8456 per gallon rise of 7.45 cents.
كذلك قفزت العقود الآجلة للغاز الطبيعي المسال لشهر أبريل/نيسان 38.3 سنتا لتستقر عند 9.443 دولارا لكل ألف قدم مكعب. Also jumped futures contracts for the LNG for the month of April settled down 38.3 cents at $ 9,443 per thousand cubic feet.
وكانت وكالة الطاقة الأمريكية أشارت في تقريرها الأسبوعي الصادر الأربعاء إلى تراجع مخزون احتياطي الولايات المتحدة الأمريكية من الغاز الطبيعي بقرابة 151 مليار قدم مكعب الأسبوع الفائت، أقل بشكل طفيف عن التوقعات. The American Energy Agency indicated in its report of the weekly Wednesday to retreat stockpile United States of natural gas nearly 151 billion cubic feet last week, slightly less on expectations.
وفي لندن، ارتفع خام برنت لتسليم أبريل 2.63 دولارا ليستقر عند 100.90 دولارا للبرميل الخميس. In London, Brent crude rose for April delivery $ 2.63 to settle at $ 100.90 a barrel Thursday.
Finance Minister announces resolve the majority of the files of Iraqi debt
PUKmedia بغداد-حيدربدرخان 16:15:04 2008-03-01 PUKmedia Baghdad - Haidarbadrkhan 16:15:04 2008-03-01
استعرض وزير المالية باقر جبر الزبيدي لمساعد وزير الخزانة الامريكي السيد ديفيد ماكرنوك الجهود الكبيرة في مجال اصلاح مصارف العراق مؤكدا "حرصه على تأهيل المصارف الحكومية وخصوصا الرافدين والرشيد والارتقاء بها الى مصاف المصارف العالمية لأن العراق يريد ان يكون جزءا من الخدمة العالمية المصرفية وان نسهم بشكل كبير بتنفيذ افضل الخدمات للمواطن العراقي" Browse Finance Minister Baqir Jabr Zubaidi Assistant Treasury Secretary David American Macrnuk great efforts in reforming the banks of Iraq, stressing "eager to rehabilitate banks, especially the Rafidain and Rasheed, raising them to the ranks of global banks because Iraq wants to be part of the universal service bank and contribute significantly implementation of the best services for the Iraqis "
وقد اوعزت الزبيدي لمصرف الرشيد من اجل ان يقوم بالعمل بنفس النظام خلال المرحلة القادمة واكد بأننا نعمل على نظام بنكي عالمي في المصارف العراقية كما نأمل من المصارف العالمية ان يكون لها حضور في العراق من خلال فتح فروع لها او المشاركة عن طريق الجوين فنجر مع المصارف العراقية للمشاركة في دعم عملية الاعمار والنهوض بالواقع الاقتصادي للعراق. Zubaidi has instructed the Bank for the good work that the same system during the next stage and emphasized that we work on the global bank in Iraqi banks also hope that the banks have a global presence in Iraq through opening branches or participation by Alguin Vnger with Iraqi banks to participate in supporting the reconstruction process and the promotion of economic reality of Iraq.
واشار الوزير الى موضوع ملف الديون والانجازات التي تحقق في هذا المجال مؤكدا " بأنه لم تبقى سوى (اليونان وبولونيا) لم تحسم ملفها لحد الان والجهود متواصلة معهم لانهاء ملف ديونها على العراق وفق شروط دول نادي باريس" اضافة الى الديون العربية واشاد السيد الوزير بدعم الحكومة الامريكية للحكومة العراقية في مجال حسم الديون مؤكدا حرص العراق على انهاء هذا الملف من اجل الانطلاق حيث ان هدفنا الاساس هو اصلاح المصارف وحسم موضوع الديون من اجل بناء قاعدة اقتصادية عراقية متميزة تعود بالفائدة والرفاهية على ابناء الشعب العراقي الذي عانى من ظلم الدكتاتورية المقيتة. The minister pointed to the subject of file debt and achievements in this area, stressing "that not only keep (Greece and Poland) had not resolved the file yet and with continuous efforts to end the file on Iraq debt according to the terms of the Paris Club" in addition to the debts of Arab countries praised the Minister's support of the Government American Iraqi government in resolving the debt confirming Iraq's desire to end this file in order to launch as our basis is the reform of the banks and resolve the debt issue to build economic base Iraqi distinct benefit and welfare of the Iraqi people, who have suffered injustice hateful dictatorship.
واوضح وزير المالية بأن ديون القطاع الخاص حسمت بالكامل ولم يبقى منها سوى 4% وفي طريقه الى الانجاز. The minister pointed out that the financial debt of the private sector has not fully resolved the remains of which only 4% On his way to achievement. واكد ان الاقتصاد العراقي سيتعافى وخير دليل على ذلك تحسن سعر صرف الدينار العراقي وزيادة القدرة الشرائية للمواطن اضافة الى تعظيم موارد الدولة في مجال واردات النفط والكمارك والضريبة والتي ستصب في المحصلة النهائية في دعم موازنة الدولة التي تشهد نموا كبيرا اسهم في تخفيض نسبة التضخم والبطالة كما ان الانفتاح على العالم قد اسهم في خلق حركة اقتصادية واستثمارية واعتماد الحكومة العراقية لقانون الاستثمار ودعم القطاع الخاص وتعزيز اقتصاد السوق سيسهم بشكل فاعل بتنمية الاقتصاد العراقي . He stressed that the Iraqi economy recover and the best proof of that improvement in the exchange rate of the Iraqi dinar and to increase the purchasing power of citizens in addition to maximizing the resources of the State in the area of oil imports and customs and tax, which will be channeled to the final outcome in support of the state budget, which is witnessing significant growth contributed to reducing the rate of inflation and unemployment and openness to the world have contributed to the creation of the economic, investment and the adoption of the Iraqi government to the Investment Law and support the private sector and promote a market economy will contribute actively developing Iraqi economy.
واشاد مساعد وزير الخزانة الامريكي بالتحولات الاقتصادية في العراق مؤكدا "حرص الحكومة الامريكية على دعم العراق بكافة المجالات وخصوصا" الاقتصادية والمالية وخير دليل على ذلك مؤتمر الحوار العراقي الامريكي الذي عقد في 27ـ 28 / شباط في بغداد.. He commended the Assistant Secretary of the Treasury American economic transformations in Iraq, asserting that "the American government's keenness on supporting Iraq in all fields, especially the" economic, financial and the best proof of that Iraqi-American Dialogue Conference held at 27 28 / February in Baghdad .. مثمنا جهد السيد نائب رئيس الوزراء د. برهم صالح والسيد وزير المالية بانجاح المؤتمر . Valuing effort by the Deputy Prime Minister Dr. Barham Salih, the Minister of Finance the success of the conference.
ahhhh and I guess with probably the biggest supply of oil on the planet it doesn't much matter anyway right? plus the dinofarts they havn't even tapped yet..lol
Iraq already an OPEC member??? I didn't know this..
The 13 OPEC members are Algeria, Angola, Ecuador, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates and Venezuela. Iraq is the only member not subject to the cartel's output quotas.
http://news.yahoo.com/s/ap/20080305/ap_on_bi_ge/opec_meeting
how do you recover from 100,500% inflation?