Millionday News 4/13/15 Part 2
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MArco: was it 2014 and 15 thru gazette... sorry been out of the loop of you
MArco: already addressed that
Millionday: WELCOME BACK MARCO -- WAS WHAT 2014 AND 15 HUN?
MArco: yes were both published in gazette
Millionday: BOTH BUDGETS ? OR THE LAWS IN THE REPORT
MArco: I thought the report from other day said budget published
Millionday: YES THE REPORT STATED JUST THE 2015 WAS PUBLISHED AND THE PUBLISHED BUDGET IS HUGE SO I HAVE TRIED TO FIND IT AGAIN BUT NOT SURE ON THE 2014
Papatom: so if they are working this much.....and going thru so many changes.....do you think they will want to have a mediocre currency? one that will fit nicely towards the bottom of the M.E. countries?
Millionday: THEY HAVE MADE IT VERY CLEAR IN MANY STATEMENTS HOW LARGE THEY WANT THE DINAR TO BE TO THE GLOBE --- SMILE -----
I BELIEVE IT WAS THE STRONGEST IN THE REGION THEY STATED ---
I WOULD THINK IT WOULD BE BY GLOBAL PRICING INDEX CALCULATION THOUGH NOT THE NUMBER PAIRED -- IT REFERS TO THE GLOBAL PRICING INDEX
Millionday: Revealed the National Investment Authority, on Monday, seeking to hold a conference of the Business Council British in Baghdad "soon" for partnerships between the public and foreign private sector,
as shown that the "tax exemption and Alkmarki" will be at the forefront of the facilities that will be provided to companies and investors, confirmed that there were negotiations with East Asia, Europe and the United States in the electricity projects and steel and cement in addition to petrochemicals.
Millionday: NOTE -- THIS IS TO BE HELD IN THE NEXT FEW DAYS
Millionday: The head of investment Sami al-Araji, in an interview with the (long-Presse), "during the next few days there will be a conference of the Business Council British in Baghdad aims to build partnerships between Iraqi private sector and the public sector and foreign together to contribute to the rebuilding of the country."
Millionday: And on the provision of facilities for companies and investors, said al-Araji, "in the introduction to the facilities for companies and investors, there will be tax breaks and Kmarkip,"
explaining that "the exemptions that were limited only to the extent of three years in the past will be open over the creation of the project." Araji said, "There are number of countries expressed their readiness to support Iraq in order to rebuild and reconstruction,"
Millionday: NOTE -- THERE ARE A NUMBER OF COUNTRIES READY TO REBUILD IRAQ --- MONEY TO BE MADE ----
Millionday: pointing out that "we now have negotiations with East Asia, Europe and the United States and the countries in the electricity and steel projects and cement as well as petrochemical and what we saw of foreign companies it trust the Iraqi economy. "
Araji said, that "we have a problem in obtaining the land for the establishment of investment projects on them, but there is a big effort to liberate the land of the case with him to the best case, because it obstructed the work of investment projects because of the abusers."
Millionday: NOTE -- ABADI DID MAKE IT TO THE US TODAY AND THEY ARE MEETING
Millionday: NOTE -- DESERT SAND
Millionday: The Investment Authority, Baghdad had demanded, in the second of September 2015, Prime Minister Haider al-Abadi to form a committee to study the draft amendment to the Investment Law, attributed the reason to the failure to address the major issues that support investment projects, and accused the ministries of "blocking" projects, likely not to pass The draft law in parliament.
Millionday: NOTE -- I THINK THAT IS A TYPO WITH IT BEING SEPT ---
Millionday: 2014 I BELIEVE I THINK THAT WAS A MISTAKE
Millionday: The House of Representatives in October passed, in 2006, the Iraqi investment law, which it was said at the time that it would open the door to foreign investment, because introducing a lot of facilities to foreign investors,
but that many foreign companies are still hesitant because of the fear of reality security is stable in Iraq, adding that the law did not give investors the right to ownership of the property the project, and
Millionday: NOTE -- THEY COULD BE PLANNING ON CHANGING IT BY WHAT HAS OCCURRED IN THE PAST BUT DOESNT LOOK RIGHT TO ME -- WILL KEEP EYES OPEN
Millionday: equated the Iraqi and foreign investors in both franchises, with the exception of real estate ownership, where the foreign investor of the lease the land for 50 years, subject to renewal, according to paragraph 11 of the investment law, to vote in the House of Representatives in 2010, to modify it.
Millionday: SO THE LAND FOR INVESTORS WAS ALREADY DONE SO WE OBVIOUSLY HAVE A STRANGE TYPO -- IT HAPPENS -- BUT THIS IS GREAT A FEW DAYS WE HAVE A HUGE INVESTMENT /BUSINESS INTERNATIONAL MEETING
Papatom: this almost looks like someone is talking about how it WAS in 2014 and how they asked Abadi to change it.... and he did......does that make sense?
Millionday: YES IT DOES ---
Papatom: that's what I think......
Millionday: AND WITH THE BUSINESS MEETING IT SEEMS THAT THEY LIKE IT
Papatom: yup! thanks md
Millionday: REFLECTION IT SEEMS TO ME
Papatom: investment law 13 .. this year gives land.
Millionday: NOTE -- THIS IS WORLD CHANGING
Millionday: Falah al-Amiri said what happened in the OPEC ministerial meeting in November 2015 reflects a big difference in the positions of ministers of the organization in terms of reducing or keep production ceiling of OECD countries.
The difference in the positions of oil ministers of OPEC, pointed out that OECD countries are divided mainly into two groups.
The first group led by Saudi Arabia in addition to the UAE, Kuwait, Qatar, summarizes its position to maintain the OPEC quota and non-interference in price trends, production, and leave it to world markets to balance supply and demand and price stability.
Millionday: NOTE -- MIDDLE EAST NON-INTERFERENCE IN PRICE TRENDS -- PRODUCTIONS BUT BY SUPPLY AND DEMAND--WORLD MARKET
Millionday: and see this group that the drop in oil prices caused by an increase in oil supply as a result of increased production of countries outside OPEC, especially shale oil production in the United States, which began its influence is clear on the oil supply worldwide and became the pressure on the share of OPEC countries.
believes this group that in the case of continued low prices will affect the supply and demand balance through lower shale oil production in the United States from the fields that the cost of a barrel with a high as well as oil-producing countries outside OPEC countries that the cost of production high and is not able to continue production from the wells, which cost more than the world oil prices.
Millionday: NOTE --- UGGGGG
Millionday: The arrival of prices to the break-even point, which represents the limit Near to the continuation of production (the difference between the cost of a barrel and global price of oil product for wells and fields, especially in some of the oil shale fields, will lead to the exit of wells that high cost and thus reduced production.
The second group of Ministers of OPEC countries were asking reduce production in order to keep the oil prices just to ensure sufficient income to cover the general budget expenses, and to avoid for lack of financial resources and thus to political instability and social problems.
Millionday: NOTE -- THEY ARE MAKING CHANGES WITH OPEC THIS SHOULD BE INTERESTING BUT NEAR END OF YEAR -- THIS INTERESTING PART IS THAT IS WHEN THEY STATED THE PRICES WOULD RISE
Millionday: Therefore, this group believes that the OPEC to defend the fair price for their members as already been consolidated their position has contributed to the strengthening of the role of the organization globally private and that the defense of the global oil prices is one of the objectives and the organization's presence.
In addition, the point of view of this group that is not certain drop in oil prices advanced countries will help increase economic growth has thus oil demand increases in the future,
Millionday: NOTE -- OBVIOUSLY THIS IS A LOT OF WORK THAT IS BEHIND THIS -- AND CHANGES WILL BE MADE --
Millionday: where the strategy of these countries are developing energy nuclear and alternative energy produced from organic compounds or wind power as well,
this point of view the group that reduced these prices do not necessarily make or encourage the United States to leave or reduce oil shale production, which produce it began close to achieving its strategic target self-sufficient in energy.
Even if Low prices in the reduction of oil production of shale and sandstone oil contributed to the reduced quantities will be few and not as expected by others, hence the lower price will have less effect than expected on the production of the United States.
Millionday: OK THE POINT IS MADE --
Millionday: END OF ALL I CAN TAKE
Papatom: the USA is developing more and more oil.... we could be oil independent if we wanted to.....so their prices shouldn't affect us a lot....
Millionday: THAT IS WITH OCEAN DRILLING I BELIEVE BUT THAT DOESNT SEEM TO GO WELL –
ALASKA WAS A GOOD THING BUT NOW SO MUCH RED TAPE –
THE LACK OF RESERVES HAS SOMETHING TO DO WITH IT IMO -- I MEAN TO EMPTY OR LOWER THAN EVER RESERVES ? SEEMS VERY POLITICAL TO ME BUT THIS IS MY OPINION
Papatom: and don't forget the dakota's ... lots of oil there...
timandjulie: the USA will never ever ever uses its own oil unless it has to, it will use the so many countries we have taken over of their oil
Millionday: I AGREE SHOULDNT IMPACT US ALOT BUT CHANGES IN OIL MARKETING HAS NOT BEEN DONE VERY RECENTLY
Millionday: RIGHT PAPA
Millionday: TIM THAT IS WHAT THE REPORT WAS SAYING --- THE US IS SELLING /USING OIL
Millionday: TIM -- HAVE ANY MORE TO ADD HUN
timandjulie: i stated what will always be fact
Millionday: OIL IS A LEADER OF MANY MOVES MADE -- SMILE -- GOOD POINT
Millionday: THANK YOU ROBIN AND RUDIE AND ALL THAT HELPED
Millionday: EVERYONE READ RT TOO