Millionday Roundtable 4/22/15
Welcome to dinarupdates.com for Roundtable with Millionday!!
Millionday: I HAVE SOMETHING INTERESTING TO SHOW YA TODAY
rudie: INTERESTING IS GOOD!
Millionday: YES AND IT EXPLAINS A FEW THINGS TOO SO ALWAYS GOOD
Millionday: I THINK IT IS AN -- OH THAT MAKES SENSE MOMENT
Millionday: I DIDNT LIKE NO NEWS FROM THAT CONFERENCE OVER THE WEEKEND SO I HAVE BEEN DOING SOME DIGGING
Millionday: NOTE -- THIS IS AN INTERESTING EXPLANATION THAT ANSWERS A QUESTION I HAD ---
Millionday: SO MANY INTERNATIONAL COMPANIES THERE -- ARE THEY PAYING FEES OR EVEN LABOR ON CREDIT FOR IRAQ`S OIL PRODUCTION ETC
Millionday: NOTE -- THE BRITISH PETROLEUM COMPANY HAS BEEN PAID BY IRAQ IN OIL -- THIS HAS OF COURSE CHANGED THE DEBT THAT WOULD HAVE BEEN RAISING --
Millionday: "We get paid by liftings...either out of Ceyhan or out of the south...We certainly got more liftings in the last couple of months." He did not give details of the liftings.
BP has also extended an agreement with Iraq's Ministry of Oil to help arrest declining production at the huge northern Kirkuk oilfield, Townshend said. Kirkuk is currently disputed between the central government in Baghdad and Iraq's Kurdish region.
"We had a letter of intent, which was for a year, and we extended that until the end of this year because there was a time last year where we couldn't do anything productive."
Under the deal, BP works on the Baghdad-administered side of the border with the Kurdish region, on the Baba and Avana geological formations. Kirkuk's third formation, Khurmala, is controlled by the Kurdistan regional government.
BP, along with other IOCs, is in talks with Baghdad
Millionday: NOTE -- SO OBVIOUSLY THIS CONTRACT IS A GOOD ONE -- ANYTIME IN BUSINESS YOU CAN AVOID THE ENTIRE OVERHEAD AND GIVE PRODUCT FOR PAYMENT –
THIS WOULD BE GOOD FOR IRAQ DUE TO THE LACK OF DEBT INTEREST OR PAYING FOR ITS PRODUCTION OF COURSE ---
Millionday: NOTE -- REMEMBER THIS IS A HUGE RESOURCE --- ALSO THIS IS VERY INTERESTING THAT THEY ARE PRODUCING IN THOSE AREAS -- OBVIOUSLY THIS ADDS CONFIDENCE -- WHICH IS PRICELESS AT THIS MOMENT FOR IRAQ
Millionday: NOTE -- THE ODDS ARE VERY GOOD THAT WE ARE RECEIVING OIL AS WELL -- WHICH I WOULD LOVE TO FIND INK ON
Millionday: SO VERY INTERESTING AND RAISING AND ANSWERS SO MANY QUESTIONS FOR US --- SMILE
CanTWaitwoRV: this might be why Iraq has gotten around not having the budget fully opened yet via bartering?
CanTWaitwoRV: and maybe they might be reaching a point where they can't barter oil to take care of the rest of their issues like paying citizens?
Millionday: THIS LOOKS TO HAVE BEEN PUT IN PLACE TO MINIMIZE THE DEFICIT AND ALSO DEBT -- THE GDP CALCULATION WOULD HAVE BEEN IMPACTED BY THIS -- ALSO THERE IS ANOTHER ISSUE
Millionday: IRAQ HAS THE DISTRIBUTION TO CITIZENS AGREEMENTS ON OIL PRODUCTION AREAS ----
SO THE PRODUCED OIL WOULD HAVE TO BE CALCULATED IN AND CONFUSE THE CITIZEN AS WELL I WOULD ASSUME ---
BUT IT PUTS A TWIST ON THE BORDER PRODUCTION AS WELL FOR KURDISTAN AND MAKES THE WHOLE PAYMENT SYSTEM THEY HAVE THAT MUCH MORE DIFFICULT
Millionday: THE OTHER DAY I STATED THAT THE CITIZENS DID NOT BELIEVE THE UNEMPLOYMENT FIGURES FROM THE GOV AND I CAUGHT A LOT OF GRIEF ----
CanTWaitwoRV: seems like they're reaching a breaking point where their "method of payment" and borrowing to get by they've used for all these years are now causing problems breaking point?
CanTWaitwoRV: kinda like the citizens can't drink oil
Millionday: MANY ASKED SO WHAT COUNTRY DOES BELIEVE THE FIGURES ?
BUT IN IRAQ ALL OF IT MATTERS MORE WITH THE AGREEMENTS THEY HAVE IN PLACE WITH THE OIL PRODUCTION AND THE PAYMENT TO THOSE PEOPLE AND THE LAND OWNERS AND ALSO EACH SIDE OF THE DISPUTED AREAS -- SO THIS IS AN ISSUE -- BUT AN INTENSE ONE SMILE
Millionday: LOL -- THEY CANT GIVE THE CITIZENS WORKING A CAN OF CRUDE OIL -- UNREFINED AT THAT SMILE -- LOL GOOD POINT CANTWAIT --
Millionday: NOW LOOK AT THIS
Millionday: IT ALL WORKS TOGETHER -- WHAT A HUGE CHANGING EVENT FOR THE GLOBE I MUST SAY
Millionday: BP Group CEO Robert Dudley said that world's leading energy giant British Petroleum will start investing into major Egyptian gas project in 2015.
World's leading energy giant British Petroleum will start investing into major Egyptian gas project in 2015, BP Group CEO Robert Dudley said at an international energy conference in Houston,Texas.
Millionday: NOTE -- SEE HOW IMPACTFUL JUST THAT AGREEMENT IS IN THE GLOBAL WORLD TRADE ARENA (IN THIS CASE ENERGY)
Millionday: NOTE -- THE BIG PICTURE IS MUCH CLEARER ALWAYS THAN THE PEEP HOLE
Millionday: “The investment will start this year, and will bring on new gas…it could be as early as 2017,” Dudley announced on Tuesday. “We should be reaching peak production in 2019, and will then supply around 30 percent of the country’s gas needs and products.”
In March 2014, the Egyptian government and BP signed a $12-billion deal on extraction of gas recently discovered in the Nile Delta.
Millionday: NOTE -- THIS IS HUGE TO SUPPLY (WHICH IMPACTS THE MARKET--SUPPLY AND DEMAND) ---AROUND 30% OF THE COUNTRY`S NEEDS AND PRODUCTS ---
Millionday: THIS IS WHY MANY SAY THAT THE IMPACT IS LIKE A RIPPLE IN A POND -- IT IS TRUE -- HUGE EVENT AND THE COUNTRY OF IRAQ IS IMPACTFUL -- VERY AND WILL BE MUCH MORE --
Millionday: INTERESTING TIDBIT >>>Dudley noted that in the last six months Egypt cut through all of the red tape that is holding up the project.
“It is a commitment by its [Egyptian] government to move forward,” he explained. “The country needs every molecule of energy it can get. So, developing gas projects for the Egyptian market can be competitive, and can bring it into a market that is hungry for it.”
The CEO added that BP has been operating in Egypt for 50 years through all the ups and downs and recent revolutions, and is very comfortable working in the country.
Read more: http://sputniknews.com/business/20150422/1021203057.html#ixzz3Y3rvwDKD
Millionday: Habeb al-Tarfi, of the Citizen Bloc assured that the Parliament will vote on the Federal Court Law in the near future.
Tarfi reported in a statement received by Alforat News Agency ''The Parliament will vote for the Federal Court Law since all sides involved in the political process.''
''The judiciary authority is a basic pillar in building a State and the lack in this case will hinder the work of the State,'' the statement concluded.
Millionday: THE FEDERAL COURT LAW IS READY FOR VOTE AND EXPECTED IN THE VERY NEAR FUTURE ----
THIS IS THE COURT THAT WILL HOLD THE AGREEMENTS MADE BETWEEN GOVERNMENTS ACCOUNTABLE --- INTERESTING AND WHOOOPOW THIS IS A HUGE HUGE STEP
Millionday: Declared Turkish President Recep Tayyip Erdogan, on Wednesday, the trade between Iraq and Turkey reached $ 11 billion, noting that his country aims to increase the volume of trade to $ 20 billion.
Erdogan said at a joint news conference with President Fuad Masum, and I followed Agency / information /, "The trade between the two countries reached in 2009 to five billion dollars,
Millionday: NOTE -- THIS IS A HUGE % OF GAIN -- THERE IS THE PRICELESS SMELL OF CONFIDENCE –
THIS IS TURKEY`S PRESIDENT AND IRAQ`S STANDING SIDE BY SIDE IN THE PRESS AND OF COURSE DURING THE PRESENT TALKS TAKING PLACE AS MASUM IS IN TURKEY
Millionday: but the security events in Iraq led to the obstruction of exchanges and development," noting that " Turkey aims to increase the volume of bilateral trade to $ 20 billion. "
He added that "Turkey is determined to increase trade with Iraq and will Kassar effort in order that the increase be achieved because of the positive things reflected in the two countries,"
Millionday: NOTE -- THE POSITIVE THINGS? --- GOALS LIKE THAT FROM A COUNTRY ONLY COME FROM THE KNOWLEDGE OF WEALTH AND REVENUES TO BE MADE -- THAT IS ALMOST DOUBLE ------- REFLECTED? PLEASE --- REVENUES
Millionday: pointing out that "the current ratio of the amount of mutual commercial materials reached $ 11 billion and will rise with the elimination of terrorism ".
He was President Fuad Masum, arrived yesterday to Turkey, accompanied by a high-level delegation consisting of 43 people on an official visit for talks with senior Turkish officials.
Millionday: 43 PEOPLE ARE IN THE IRAQI DELEGATION IN TURKEY --
Millionday: Stressed the Minister of Labour and Social Affairs Mohammad Xiaa Sudan, Wednesday, that the application of labor and pension and social security laws will be submitted to activate the private sector activity to mitigate the effects of the financial crisis experienced by Iraq.
He said the Sudanese in the conference attended by Agency / Source News /, that "through a review of all sections and joints of social welfare services in Maysan province and found that there was clear support by the local government in this joint is important,
especially as the local government in Maysan province has implemented / 3 / buildings to Odaúr and sections social care within regional development plans and this confirms the extent of communication, cooperation and integration between the federal government and local government. "
Millionday: NOTE -- WITH THE NEWS WE HAD A COUPLE DAYS AGO ABOUT THE -- DEMAND OF GOVERNMENT EMPLOYEE PAY BEING ADDED TO THE SMART CARD FOR ITS DEVELOPMENT (AND IT IS NOT AN OPTION) ---
THE GOVERNMENT PROGRAMS MENTIONED HERE ALSO WILL BE ADDED TO A SMART CARD -----
SEE HOW THIS ALL WORKS TOGETHER –
THE FEES WILL RISE FOR THE BANKING INDUSTRY REVENUES DUE TO THIS AND ALSO THE REFORMS IMPACT THE ABILITY TO DO THIS ---- THESE ARE ALL NEW LAWS AND PART OF THE IRAQ DEVELOPMENT
Millionday: "The focus today is on the labor sector significantly, and that it is essential that there be a clear Activity Social inspection within companies by applying labor laws and the law of retirement and social security, indicating that the application of these laws will be submitted to activate the private sector to mitigate the effects of the financial crisis that beset the country "
Millionday: SO ALSO THE IMPACT IS CLEAR OF THE ACTIVATION OF THE PRIVATE SECTOR AND THE APPLICATION OF THESE LAWS WITHIN THE LABOR BENEFITS WE ARE DISCUSSING --- ALL WORKING TOGETHER
Millionday: AS THE SONG GOES -- I SEE A LIGHT AT THE END OF THE TUNNEL -- TUNNEL LOL
Millionday: THESE THINGS ARE TALKED ABOUT SPECIFICALLY AND ALSO ---- AS THE REFORMS ------
Millionday: THIS IS ALL PART OF THE IRAQI REFORMS
Pablo: How long do you think it will take them to get HCL finalized?
Millionday: I DONT KNOW BUT WILL SAY THIS
Millionday: THE CONFERENCE THAT TOOK PLACE LAST WEEKEND -- AND WITH BP`S REPORT –
I FOUND IT VERY INTERESTING THAT IRAQ WAS ACTUALLY ASKING THE INTERNATIONAL COMPANIES FOR THEIR INPUT COUPLED WITH THE REPORT WE HAD THAT THE STRONGEST ISSUE WITHIN THE HCL THAT THEY ARE CONTINUING TO WORK ON HAS TO DO WITH THE INTERNATIONAL PRODUCTION SIDE OF THE LAW ---
THIS IS NOT A SHOCK BUT ENCOURAGING --- BECAUSE WE ARE ABLE TO SEE SO MUCH OF THE LAW AGREED UPON WITH THE ERBIL AGREEMENT -- BUDGET -- AND - MARKETING -- AND THE INTERNATIONAL AGREEMENTS ALREADY MADE AS TALKED ABOUT IN THE REPORT
Millionday: MAKE SENSE ?
Millionday: OBVIOUSLY WITH IRAQ` POSITION IN THE GLOBAL OIL PRODUCTION THE OIL LAW IS NOT A SMALL ISSUE BUT VERY MUCH NEEDED -- GLOBALLY AND FOR IRAQ
Pablo: So, the progress they've made coupled with the cards issue could prompt an RV in the short term?
Millionday: I DONT KNOW -- WE HAVE NO DATES
rudie: SOUNDS LIKE BIG PROGRESS
Millionday: IT DOES SOUND LIKE HUGE PROGRESS -- GOOD POINT -- SMILE
Millionday: THE THING IS THAT ----- WE HAVE WATCHED THIS FOR YEARS ----
WHEN YOU START TO SEE THE PICTURE OF THE PUZZLE EMERGE ----- THIS IS THE MOMENT WHEN YOU START TO SEE HOW IT ALL FITS TOGETHER ---
Millionday: WHOOOPOW WE WILL SEE EVERYONE TONIGHT AT NEWSTIME -- 730 EST