DrDinar Blog

It’s rhetorical, although either gas source is possible giving us something to talk about today.

Iranian President Mahmoud Ahmadinejad and Afghan President Hamid Karzai both arrived in Pakistan February 16, 2012 amidst the existing tension between Israel and Iran.

President Karzai was also scheduled to meet with the Pakistani clerics that included Maulana Samiul Haq (the spritual father of the Taliban). The meet up with the Islamic Taliban leader resulted in the release of a public statement-

“A forceful stance by Pakistan, Afghanistan and Iran will bring peace and stability in this region by pushing out the foreign forces”, Samiul Haq, spiritual father of the Taliban.

Is the Iranian President truly wanting world peace – with an ace in the hole? That ace being nuclear war head grade plutonium for some ‘peace of mind’? If so, it is common practice to get all your ducks in a row and clearly identify your friends in the region.

If the Afghan-led peace process and reconciliation will be successful, it could raise more reliable internal relations for Iraq and other neighbouring Middle Eastern countries.

Since Iran is facing controversies and conflict against Israel and other European countries due to Iran’s claimed Nuclear program, this peace in the middle east could go to hell in a hand basket rather quickly.

Iran’s supreme leader, Ayatollah Ali Khamenei, has vowed to retaliate the warning given by the United States if any further actions will be carried out against its nuclear sites. Iran’s oil exports to US and to other foreign countries might be sanctioned.

In addition, last January 2012, more than 20 nations of the European Union agreed to ban Iran’s oil imports. If this would continue, Iran’s international oil exports dilemma could get dirty. This can increase demand for Iraqi oil all over the world along with drastically increased oil prices which will in turn fuel Iraqi oil export profits.

When Iranian President spoke the words ‘Blow Israel off the map’ a few years ago, the words are still haunting him, and the friends of Israel.

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Kurdistan Regional Government (KRG) of Iraq, so far, has never fallen short on executing it’s duties for the country’s pursuit towards development, has it?

On his 3-day visit to the Kurdistan Region, Dr. Mercourios Karafotias, Ambassador of Greece, said that he was surprised on the Kurdistan Region’s level of progress. Dr.Karafotias even assured President Masoud Barzani (President of KRG), that there was a great desire from the Hellenic Republic to play a stronger role in the developing progress of the region.

Greek Ambassador Karafotias even stressed the idea that the government of Greece would upgrade their commercial office on Iraq to build a firm and stable diplomat to Erbil. When there would be a firm and permanent diplomat posted, strong internal relations would be highly observed – a definite step for Iraqi government to gain the interest of foreign investors.

With the encouraging words spoken by the Greek Ambassador, President Masoud Barzani appreciated and welcomed the progressing relations between Greece and the Kurdistan Region.

As what President Barzani said last Tuesday,

“Our people have an old relationship with each other. We appreciate the ties that already existed between us, and we are ready to coordinate and to work together to further develop these relations.”

The Greek Ambassador showed his personal support to the Kurdistan Regional Government President and even gave a statement that there would be future visits from the Embassy in Baghdad.

Minister Falah Mustafa (Head of the KRG Department of Foreign Relations) also had discussion with the Greek Ambassador. Their meeting tackled about the outreach policy of the existing Kurdistan Regional Government with the growing international community affirmed by the increasing numbers of diplomats to Erbil. Although, there was no exact estimation on the number of diplomats being posted to Erbil, KRG was certain that the numbers increased.

Dr. Karafotias also met with several significant Iraqi government officials namely, Mr. Jamil Sleiman Haider (Minister of Agriculture and Water Resources), Mr. karim Sinjari (KRG Minister of Interior), and Mr. Kamaran Ahmed Abdullah (Minister of Housing and Reconstruction).

Furthermore, the Head of the KRG Department of Foreign Relations released a statement, “The region is stable and secure, and we are willing to provide any assistance needed in order to upgrade the current level of representation from Greece.” This gave foreign investors a call to action to take chances.

So, will this strengthen the existing banknotes of the country? Any individual could strongly release a statement about a country’s strength on its currency, whether a country is having a trade-able currency or not, based on its present relations between foreign countries. Another indication for a country to have strong currency is the level of leadership and authenticity of its national government. And KRG seems to be inclined with the progressing internal relations being built up.

Both parties understood that the increasing numbers of diplomats would be a strong indication for future economic opportunities. Everyone knows that the presence of diplomacy could attract more economic opportunities far beyond the calculations of economists.

It is even more intriguing that Greece and United States have formed great roles of interest on Iraq’s potential. No one actually knows where this could lead but, nobody could ever deny that Greece is taking movements.

Some Dinar enthusiasts were even surprised when they found out that the Hellenic Republic is also playing strong role in rebuilding the great empire of Iraq. But, some people concerned have been asking,

“Will this give ground for foreign investors and Iraqi citizens to conclude that Iraq is gaining legible and authentic political awareness that could strengthen its existing currency?” One thing certain, Greek Ambassador was impressed.

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Iraq’s recovering oil industry and new parliamentary government leaders were brought together in Washington DC USA January 31 2012 for an organized trade and economic forum. So, let is take a look at the variables that this event relates to as far as ISX (Iraq Stock Exchange) is concerned.

This event had one goal – to promote economic and trade relations between the United States and Iraq. These two countries are aiming to build the Iraqi market into full recovery at an increased rate faster than a snail. The two countries once had serious conflict but diplomatic and friendly relations are on the table for Iraq even with Iran relations heading into the toilet.

80 significant individuals from the United States government institutions and companies tackled the current status of the Iraqi market. For more than 50 individuals to be gathered in one agenda, Iraq is, without a doubt, gaining its world popularity. Some significant individuals who attended were Mr. Lionel Johnson (VP of American Chamber of Commerce), Mr. Hussein Alqrgoula (President American Business Council in Iraq), Mr. David Hamod (President of Chamber of Commerce), Mr. Jean Sullivan (Undersecretary of the U.S. Commerce) and, Ms. Soham Rak (former Chairman of the Business Dialogue Iraqi-US). There was a panel discussion which was moderated by the Undersecretary of the U.S. Commerce. The discussion pointed the visions and goals on Iraq for the year 2012 and beyond.

Dr. Jaber Habib, Washington’s Iraqi ambassador, greatly welcomed the efforts of the two countries in developing trade and economic relations with each other. In his speech, he showed appreciation to the US companies that supported the agenda. The forum aimed to organize a reliable commercial interest in the Iraqi capital. As a matter of fact, Commercial expert, Mr. Nofal Abualhun Hassan, in his message, urged the big US companies to invest on the Iraqi market. What made Mr. Nofal so confident in urging the business leaders? The oil industry of Iraq is slowly recovering and able to handle hardcore export operations.

Focus for companies to enter the Iraqi market was even exhorted when the proxy assistance of US Secretary of Commerce, Ms. Holly Vineyard, admired the efforts of promoting trade cooperation between Iraq and the United States. It was then supported by the Assistant Deputy US Secretary of State Affairs, Mr. Jean Droushr. Mr. Droushr gave his full support to the US government in building trade relations with the Iraqi market. The support displayed by the Assistant Deputy was a great turning point for business leaders who attended on the trade and economic forum. There were several questions raised from the audience but, Mr. Christopher Crowley and the commercial Attaché of Iraq answered the questions well.

Nobody could deny the exceptional contributions by some US departments and institutions for Iraq last 2011 but, will this continue to strengthen the economy of the country? Did the U.S. government acted wisely when they displayed a great role in helping the Iraq economy?

A group of Dinar vets is not totally convinced if this trade and economic forum will make a huge positive change to the current performance of the Iraqi market. What could be the reason? The dollar is going down and some US institutions are not giving their full attention to derive solutions. While, there are some foreign investors who believe on the importance of relations between Iraq and the United States. Well, no one is blind enough to see the current purchasing power of the US dollar in the world market but, nobody could simply ignore the fact that internal relations is a great requirement for the ISX to perform at its best.

Even if no deals were signed on January 31 2012 in Washington DC between Iraq and USA Government diplomats you can be sure that the Iraqi officials in attendence had a great taste of the American Dream right here on US soil.

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Written by DrDinar
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Can you comprehend Iraq’s full potential over the next 10 years? Have you thought about what is possible if Iraq were to maximize oil production and exports over the next decade?

As a matter of fact, Iraq government officials are even planning to expand its oil export. If we try to sum up the total energy consumption of the world today, we would actually observe a staggering increase of energy prices which will definitely profit the owners of oil – Iraq is never excluded. It is even believed that the country is planning for complete energy independence. However, it would need to renew and rebuild the poor infrastructure condition of its oil industry brought by several wars it had. Nobody can deny the fact that over 90% of the country’s power distribution systems were sabotaged last 1991 brought by Persian Gulf War.

Just how rich is the Iraqi oil of 2012? Saudi Arabia, UAE and other Arab Gulf countries own a stunning share of 65% of the world’s oil reserves and the other 12% belongs to Iraq. This makes the country a silent bank of money underneath its ground. If we take oil as money in the bank, we could actually formulate a stunning trillion worth bank account owned by the country. Normally, the country can supply approximately 2 billion barrels of oil in a year – based on the current price per barrel ($100), it could accumulate a total of $200 billion in just one year. So, two decades of constant oil exports would generate $9 trillion – a good luck sign of revaluation on its currency.

This year alone, Iraqi officials are planning to expand its oil exports. Is Iraq really capable of expanding its oil exports? It is believed that February will be a grand month for the country as it will increase its export capacity by 900,000 barrels in a day. Asim Jihad, spokesman of Oil Ministry, released a statement that the finalization of export facilities and pipelines for the floating terminal will be finished by January 31. The ambitious expanding of Iraq’s oil exports is greatly influenced by its desire to rebuild the oil industry after economic sanctions and war. The country is even planning to climb up the ranks of global oil exporters.

Just as what an engineer on South Oil Company’s export project told the Reuters, “We will definitely be ready to start exports at the first single-point mooring by the end of this month.” Shell and BP are just some of the big foreign investors that the government has developed contracts with in line with the country’s export expansion project. If we ask for an analyst’s point of view, the export project could visualize a 7 million bpd outcome. So, what is the bottom line? Export expansion project is expected to reach 2.5 million bpd for 2012 alone. Will the country hit its ambitious goal amidst the poor condition of its power generating systems?

The announced plan of the government officials brought good news and doubts for Dinar investors and Iraqi citizens. Some Dinar vets are confident that the country would soon have the power to outweigh rich countries, given the fact that the government officials have agreed to expand its export capacity to 900,000 bpd, while a group of Investors are skeptical about the future plans of Iraq because of the poor condition of its power generating systems. Will this result to Complete Energy Independence? Will the country hit its ambitious goal amidst the poor condition of its power generating systems? The only certainty that anyone can hold is the fact that the country is listed as one of the oil rich countries today.

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Written by http://DrDinar.com
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