[millionday] here we go
[millionday] Confirmed analyst economical Australian, said on Saturday that Iraq needs a "long list" of projects for its development as well as projects that are needed for reconstruction,
and while confirming that Iraq has the largest percentage of growth for countries that increase the budget over 50 billion dollars,
with the International Monetary Fund warned that Iraq would face if inflation dish plans "spending power" for the year 2014, he explained that "feet", the infrastructure for the production and export of oil impede the construction process in Iraq.
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[millionday] She Analyzed economic Courtney Trinot from the University of Onakung Australian, in a study it published site Arap Bzenz and briefed them (range Press),
said that "Iraq does not need just a long list of reconstruction projects, but also to the development of a country is one of the oldest civilizations of the world and a budding" unexpected "increase in oil revenues in much of the country by the end of this decade.
" And cites analyst Trinot through its "as said by Director of the largest banks Iraq commercial where Hamdiya dry during the forum Iraqi banking, which was held recently in Dubai,
that Iraq still need basic infrastructure, as well as the development of the reconstruction of cities to three million housing units with industries and investments in advanced In the field of energy with the need for health institutions and services.
[millionday] The Trenot that "the growth does not mean they are in Iraq lame, but that Iraq had the highest growth rates of GDP for any economy above the rate of 50 billion dollars, and put in the IMF ahead of countries such as China, Libya, India and Qatar," indicating that
"This phenomenal growth rate depends entirely on the oil left with small percentages estimated 10% confined to the scope of a small private investment currently taking place in the country."
The director of the IMF mission in Iraq, Carlos Sdralafj that "at a time when it wants the world to buy any quantity of oil produced by Iraq, the infrastructure,
the old country in the areas of production and export of oil works to block it," pointing out that "Iraq needs to access the price per barrel to $ 105 at the very least to be able to balance the budget, a rate higher than any other oil-producing state. "
[millionday] note --- the gdp has been called for so it is very important and they have called to have it announced after the budget it of course is a calculation -- smile
[millionday] The Sdralafj that "the Iraqi government If it goes forward in the implementation of its plans the spending of the year 2014, they will be recorded inflation record and drain the country's reserves of hard currency,"
pointing to "the existence of a structural problem because the financial performance of the country depends on oil revenues and that this dependence is on the rise continuously.
" In turn, the CEO of Crescent Petroleum UAE's Majid Jafar, the amount of the company's investments in oil and gas projects in the Kurdistan region of up to 1.5 billion dollars,
said that "there are sites and wide are still unexplored in Iraq and that the exploration for oil and gas are considered in the early stages now: , predicted that "Iraq has the largest reserves of oil and gas in the Middle East."
[millionday] note -- so obviously the issue is not the development of contracts etc -- it is the development of the economy so that they can move forward with all of the contracts they have to have done so they remain where they are inflationary
[millionday] also they will grow to the rate as expected by the imf world bank -- world -- us -- etc
[millionday] In the opinion of the IMF that Iraqi oil production could increase from its current level of three million barrels per day for up to five million barrels per day by 2018,
and this is in line with the estimates of the International Energy Agency IEA connecting oil production to six million barrels per day by the year 2020, and ambition
The Iraqi government is seeking greater access to its objective to produce nine million barrels per day by the end of the decade.
After more than ten years on the U.S. invasion of the country is still struggling to formulate political structures, legal and economic needed for reconstruction,
Iraq is considered one of the richest oil countries but are still large quantities of this black gold liquid remain under the viewer need those abstracted to taken advantage of its wealth of Iraqis .
[millionday] black gold -- texas tea smile
[millionday] the wealth expected is why all countries are talking -- meeting -- and calling -- writing --- etc -- they want a piece of the pie and so do we -- and all other investors smile
[traveler] yeah but they still need security in this country...they cant be blowing their cars up all over town! and a stable political climate to develop the resources
[ROBINREDHED] traveler the usa is supposed to be a civilized nation, count our murder rate, kidnapping, missing persons sigh
[millionday] we could sit here all night and talk about the many contracts
[traveler] investors in the USA financial markets can go t o the bank and cashin!
[millionday] traveler the security in this country has improved leaps and bounds
[traveler] agreed MD
[millionday] many countries are to the point that they dont care they have made so many improvements and this was an issue in the south -- the north is stable
[pastorbry] Millionday: take a question yet?
[millionday] ROBINREDHED exactly -- what most dont realize is we are talking about the nation
[millionday] if we put the us of a security issues here -- you all would move
[ROBINREDHED] millionday i am moving
[millionday] trust that down town any city -- if we only counted that -- it is amazing how we live
[JJK77] I am not moving to Iraq thou
[traveler] RRH last nite you were expecting...now you are moving, which is it?
[millionday] add in the statistics we should see people dropping like lies on the side walk --
[ROBINREDHED] traveler i am expecting to move
[pastorbry] Last night during our chat time. You mentioned that the 2014 budget had been signed. I shared this on another site and caught some flak.
They said that the Iraqi parliament wasn't meeting again until Feb 11 and couldn't possibly have signed it yet. Has it been signed and what's the next step for them?
[millionday] pastorbry it is in the chat of one night -- all the leaders signed it and have it ready to present -- dont worry about it when they vote it will come up again
[millionday] we saw it in ink and read it here
[millionday] just remember we watch local news here and national news there -- huge difference questions ?
[tourman] is the banking sector ready in your opinion?
[JJK77] So once it is presented then-what?
[pastorbry] Not worried. I'm good with whatever God does. He's good... He's faithful. I'm trusting Him. He hasn't failed me yet.
[Road_Kill] millionday how long do you think they will hold onto the foreign currency they are buying but can't sell right now?
[sliderule] any info about link to London
[millionday] tourman yes -- cbi gave powers back over to warka and also to the banks they have in the country
[millionday] JJK77 they will vote and then the paper will be presented to the president they said ---
[millionday] pastorbry and thats a fact
[love it 2] millionday Warka ??? is that the same warka people talked about years ago?
[traveler] then the paper will be presented to the president Talibani ! now we wait on the dead president to move?
[millionday] Road_Kill they will until it values them to cash in etc --- as in any investment -- i wish we knew we would know the date but last night cbi said weeks for the raise against the usd
[Road_Kill] Talibani is like Elvis, dead but spotted everywhere
[millionday] love it 2 yes -- traveler he is alive and doing very well
[millionday] here we go -- im not bringing the whole report -- they are stopping people in the streets for signatures to sign for the appeal of the retirement law -- brb with more
[Road_Kill] ? About the retirement law when it's time millionday
[millionday] this was sent to me
[millionday] Iraqi - Russian joint headed by Foreign Minister Hoshyar Zebari preparatory meeting at the headquarters of the Ministry of Electricity in preparation for its first meeting next year.
[millionday] A spokesman for the Ministry of Electricity Musab teacher in a statement that "the meeting was chaired by Khaled Hassan al-Samarrai, Undersecretary of the Ministry of Electricity for production, on behalf of the Minister of Foreign Affairs Head of the Iraqi side,
the meeting was attended by representatives of all Iraqi ministries, as well as representatives of the General Secretariat of the Council of Ministers and Central Bank and the Federation of Chambers of Commerce and the Federation of businessmen. "
[millionday] huge meeting with Russia
[millionday] And the teacher said, "The meeting discussed the laws that govern cooperation and proposals on the Iraqi side signed an agreement to encourage the investment of Russian companies,
and the possibility of training opportunities for Iraqi cadres, as well as the modification of all ministries paragraphs contained in the draft of the minutes of the meeting of this committee
[millionday] so as we see huge agreements -- and this is rocking
[ROBINREDHED] let me know when you have time for a question
[Road_Kill] millionday. Why do they want to repeal the retirement law, I thought it was something exciting?
[millionday] the pension law was exciting -- the retirement law was to us but obviously not to them --
[Road_Kill] It won't be snag to anything will it?
[millionday] we like to see the progress but some of the policies as with us here -- are not so great -- all i see left is trade and nothing that we care about right now so we will see you tomorrow