DrDinar Blog

Dinar Reval Foundation Of Rock Taking Formation

U.S. Forces General Ray Odierno will not say how many troops remain in Iraq but it is a sure thing that the troops have moved to outside of urban areas of major Iraqi cities.  This is where the rubber meets the road for testing Iraqi’s own Military independence in Iraq. 

A positive test result of maintaining and reducing the current level of violence will result in US troops leaving Iraq all together in large numbers.

What does this mean for the Iraq Dinar currency?  Well, this is definitely a major event proving to Iraq and the world that they are ready for independent control of the country.  The success of this event will give the Dinar a foundation of rock for entry into the World Market (Revaluation of the Dinar)  The remaining question will be when will the Dinar reval and what will it open at. 

“Iraq is being de-dollarized and it should be complete by Oct….If you remember, when they had to turn in the Saddam money for the new Dinar, (which we have), they had 90 days to do it. It is about 90 days till Oct. Any Iraqi that is sitting on (US) dollars will have till then to exchange them for Dinars or be stuck with some (US) money they can’t exchange in Iraq.” -Billy Giles, Dinar Research Analyst, Manchester TN USA

Researcher Billy Giles spent 3 years in Iraq has stated that in the last week of June 2009 Iraq is being forced to not use US currency with a deadline.   Billy gives the deadline for October 2009, where Iraqis will not be able to exchange  US currency in Iraq any longer.  This is another event that will strengthen the Dinars position before the Reval. 

The Dinar Reval being an event in and of itself will result from a series of small events as market conditions converge on heavily rewarding early Dinar investors.  It can also be mentioned with confidence that the opportunity for Dinar is no longer as risky as it once was 5 years ago.   

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This article may be reprinted online or offline as long as this
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Written by Darren Chabluk for http://DrDinar.com
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Central Bank of Iraq Plans and Ambitions

Another important issue the Iraqi government is carefully addressing, which is setting long-term plans to accomplish efficient business targets while feeding the furnace at Central Bank of Iraq. Iraq Oil Minister Hussain Al-Shahristani unveiled his plan of raising crude oil production to six million barrels per day over the next five years. The current production rate is around 2.4 million barrels per day, nevertheless, the challenge again seems to be achievable.
 
 ”The rate of Iraqi oil exports in 2008 were one million eight hundred and fifty barrels of oil per day and this level was almost steady as a monthly average and we have ambitions to be within the 2009 budget, we seek to raise the export rate to two million barrels a day,” Al-Shahristani said.
 
“The media buzz about the decline in production and export is not true because the production is increasing and not decreasing, but the export is still at the same level of last year and is not at our ambition.”, said Al.
 
“Any contract is being concluded without the consent of the Federal Government is invalid, and the companies have no right to operate in Iraq without the approval of the Federal Government and this position will not change.”, concluded Al.
 
On top of that, an Iraqi oil sector dignitary declared that Iraq will reduce the oil shipments selling price in May in order to increase the purchasers from Europe, pursuant to the recently-applied policy to encourage foreign investors. Moreover, Chairman of Iraqi Oil Marketing Company (SOMO) Falah Al-Amiri stated that Iraq reduced Basra crude oil to persuade more American buyers into investing more money in the industry, which would mean pumping more money in Iraqi multi-national businesses.
 
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This article may be reprinted online and offline
as long as this box remains and its link is
hyperlinked online.  Written by Darren Chabluk
for http://DrDinar.com/blog
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Fighting For Iraqi Oil Rights
 
Iraqi boats have the third of estimated global reserves of oil and have been attracting more and more oil companies this year in 2009. Dutch powerhouse Shell is holding talks with Chinese state-owned oil companies to submit joint bids for multinational oil refining projects in Iraq. Both parties are seeking to expand their presence in the petroleum refining sector, and of course Iraq is the right place to fulfill their objective.
 
The Chinese government is already taking charge of the domestic oil business through a host of giant companies, and now they want to thrive on a global scale by gaining more assets in other countries.

Shell Executive Jeroen Van Der Veer has confirmed the joint venture between the Dutch company and its Chinese counterparts, but he is yet to reveal further details.
 
China is one of the pivotal industrial countries in the world, and should these projects get executed.  The Tigers will have more influence and power in Asia. On the other hand, Shell, the second largest non-governmental oil company on earth, has been planning to take over rich sources in several countries in Europe and Africa to ensure its superiority in the market.  So this project is not the end of the line for European giants.

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This article may be reprinted online and offline
as long as this box remains and its link is
hyperlinked online.  Written by Darren Chabluk
for http://DrDinar.com/blog
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Trading With Iraq: Major Players 2009
 
Go Russian, this was not the only rapport Iraq will enjoy soon with other countries.  Prime Minister Nuri Al-Maliki revealed that another major governmental cooperation is on the horizon. Al-Maliki said a delegation from Russian Company Lukoil will pay Baghdad a visit very soon to pen new contracts for developing Iraqi oil fields. Of course neither Iraq nor any other Middle Eastern country have the knowledge, experience or resources to professionally run such a profitable project, so keeping hold of the foreign experts is again a good call by the government.
 
“We have agreed to visit officials from Lukoil in Baghdad soon, in order to conduct negotiations with the Ministry of Oil, adding that the Iraqi government has ideas that could satisfy the company and at the same time conform with Iraqs economic and oil policy,” Al-Maliki told Russian publication Vremya Novosti.
 
The Russian corporation was in charge of West Qurna oilfield more than a decade ago, but the deal was called off as a result of the unstable circumstances during the horrendous era of then President Saddam Hussein, whom many people think of as a tyrant that completely damaged the country’s economy at the time. But now Lukoil seems close to getting back in business in Iraq.
 
“The giant Russian company Lukoil, had signed a contract in 1997 worth billions of dollars for the development of the large West Qurna oilfield -2, but was expelled from the country before the events of March 2003 because of disagreements with the previous regime,” the minister explained.
 
“The contract can be renewed with this company, or we can work with other companies. All these issues will be the subject of negotiations, and therefore, we call for Lukoil officials to visit Baghdad. We will be happy if Lukoil win the rights to develop this field.”

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This article may be reprinted online and offline
as long as this box remains and its link is
hyperlinked online.  Written by Darren Chabluk
for http://DrDinar.com/blog
*************************************************

 Iraqs Transportation Revolution
 
The Iraqi government is keen on paving the way for more foreign investors in order to bring in more funds, an objective that requires fundamental infrastructure changes. Iraq turned from a war-hit country into a revitalized Middle Eastern destination that lures all European and American businessmen as well as multinational corporations, but there are main facilities and services have to be available in Iraq to
be comprehensively eligible to host top-notch wealthy companies and individuals.
 
The government is obviously aware of that aspect, and they are acting accordingly. Iraq transport minister Amer Abdul-Jabbar demonstrated that the government is on the right track to turn around the country’s fortunes and take a huge step towards prosperity.

Abdul-Jabbar announced that he called on British officials to open a direct flight route between both countries’ capitals Baghdad to London flights, a project that will surely help so many businessmen and project owners to oversee their businesses in Iraq.
 
The Iraqi minister has already met with a delegation from England that represents the British Ministry of Development and the British Contractors and Companies Union, and he made it loud and clear that the massive project’s aim is to attract more overseas investors into the country, assuring that other similar transportation project willget underway in the foreseeable future for the same very purpose.
 
“The minister has reviewed the Ministry of Transports projects for investment in various areas like air, land and sea transports,” a statement reads.  From his side, minister Abdul-Jabbar commented:

“The British authorities to open a direct flight route between Baghdad and London to encourage the investors and British businessmen to come to Iraq, I hope to see this route open soon.”
 
The British delegation is looking forward to putting their finger on the weaknesses that need improvement to carry on the project in the petroleum rich country in a smooth and effective way.

“Our role is limited, it’s only to explore the projects and the needs of the Ministry and present them to the British investors,” a spokesman elaborated on the same subject.
 
The group will also review other investment locations in Iraq, where they would be responsible for business development, in addition to the possibility of tapping into Iraqi sources with other full-scale projects. Moreover, the group has held talks with a good number of Iraqi ministers and officials alike, and discussed in prolonged meetings other potential Investments in different domains, such as minerals, construction and Housing.

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This article may be reprinted online and offline
as long as this box remains and its link is
hyperlinked online.  Written by Darren Chabluk
for http://DrDinar.com/blog
*************************************************