[terryk] WELL BY GOING BACK AND READING THERE ARE SOME PISSED OFF PEEPS
[Agent 007] Good evening
[terryk] WELL I’M HERE TO TELL YOU THIS
[terryk] THE SOURCE CALL I GOT THIS AFTERNOON WAS BACKING UP WHAT WAS SAID
[terryk] THIS WAS POSTED LAST NIGHT
[terryk] IT IS ON THE BANK SCREENS
[terryk] IT IS PENDING
[terryk] AND IT CAN HAPPEN AT ANY MOMENT
[terryk] AFTER ALL LOOK WHAT HAPPENED TODAY IN THE WORLD OF $$$$$$
[terryk] SO DON’T SIT BACK AND POUT
[gator77] I'm ready. I gotta a suprised for my boss post RV
[terryk] YOU’RE IN THIS LIKE ME FOR THE LONG HAUL
[rbhrt] TKTHANKS so much!!!!!
[Agent 007] so very true
[msjeta1] we were talking about that earlier with Historian lots of stuff happened today
[terryk] AND WE BRING TO YOU WHAT WE GET
[dannyc] thats so true
[terryk] AND NOTHING MORE
[terryk] I DON’T ADD TO IT
[jbob77] TK i dont why they are pee pee off....you said it was rumor and by now we all know how that goes...if it goes it goes and if doesnt it will...that is how i see it anyway
[firecarl] let's drink instead , break out the good stuff , add ice , sit back and watch the fun begun
[terryk] THAT’S RIGHT JBOB
[terryk] I WAS GIVEN TODAY AND THAT RATE
[terryk] SO THAT IS THE RATE AND DATE
[terryk] I JUST CAN’T HELP IT IF THEY DONT KNOW IT
[Believer2] Thank you terryk. I loved hearing your intel or rumor whatever you call it[terryk] YOU’RE WELCOME
nano36] Thank you TK, I am just happy that you bring us what you have, no complaints.
Read More Link on Right
msjeta1] TK me me I am
[rbhrt] TK I am
[okdinar] TK Good Afternoon
[terryk] HEY OK
[Believer2] terryk, did you happen to hear that the release will be in the banks maybe 2 weeks before it will be released in cbi or forex?
[terryk] YOU KEEP SAYING THAT BELIEVER
[terryk] BUT I DON’T THINK THEY CAN DO THAT
[terryk] I THINK THEY WILL PUT OUT A BUY RATE
[terryk] BUT THAT’S TO LINE THEIR POCKETS
[Believer2] ok thanks TK !
[terryk] U SEE THIS
[terryk] Key Industry Developments Discussed at Iraq Mega Projects 2011 27 October 2011 Senior executives and industry experts gathered at the three day conference and seminar Iraq Mega Projects 2011 hosted by The CWC Group at the Ritz Carlton, Istanbul between the 18-20 October 2011. Focusing on the recent developments of Iraq’s oil and gas fields, water projects drilling activates, infrastructure growth and corporate social responsibility
[Agent 007] was that where they had over 800 vendors participate?
[firecarl] $ 6.6 billion found, it was just misplaced
[tzeman7390] TK R8 may take time special ordered let me know i can get it set up for you hope you are well?
[Agent 007] firecarl they always knew where it was - Fed Res NY in CBI acct
[terryk] HOW ABOUT THIS ONE
[terryk] Iraq Earmarks $50bn for Airport Projects 26 October 2011 According to The Saudi Gazette, the Iraqi government has earmarked an estimated $50 billion for airport development projects in Iraq over the next few years. Iraqi Airways is scheduled to add new 55 Boeing and Bombardier aircraft to its fleet soon. Kifah Hasan Jabbar, Director General of Iraq Civil Aviation Authority and Iraqi Airways
[terryk] MAYBE THIS.
[terryk] LUKoil Starts Drilling at West Qurna-2 26 October 2011 Russia’s RIA Novosti reports that the country’s largest private oil firm, LUKoil, has started exploration drilling on the giant West Qurna-2 oilfield in Iraq. Company head Vagit Alekperov said on Tuesday, “we have launched drilling, well borers are already there”. In 2009, a consortium comsisting of LUKoil and Norway’s Statoil won a tender to develop
[Agent 007] that is all good indicators of stability
[terryk] HERE IS ANOTHER
[terryk] ShaMaran Announces $50m Private Placement 26 October 2011 ShaMaran Petroleum reports that, subject to regulatory approval, it will carry out a non-brokered, private placement of up to an aggregate of 125 million common shares of the Company at a price of $0.40 per share for gross proceeds of up to Cdn $50 million. Shares issued pursuant to the private placement will be subject
[terryk] OPPS HERE IS ANOTHER
[terryk] Unique System Wins $5.2m contract with Leighton in Iraq 26 October 2011 Unique System FZE, a Unique Maritime Group company, has recently been awarded a $5.2m contract to supply a 12 MAN ABS Classed saturation system and 3 air diving systems for the Leighton Offshore diving project, based in the Middle East. Unique Maritime Group will provide their 12 MAN ABS Classed saturation system
[terryk] HERE IS ONE ABOUT THE ERBIL
[terryk] Kurdistan’s President Meets Northern Ireland Minister 26 October 2011 President Barzani today received Mrs Arlene Foster, Northern Ireland’s Minister for Enterprise, Trade and Investment to discuss opportunities for business and trade cooperation between the Kurdistan Region and Northern Ireland. Minister Foster who is heading a business delegation from Northern Ireland said she and her business delegation are very pleased with their visit to Erbil
terryk] President Barzani today received Mrs Arlene Foster, Northern Ireland’s Minister for Enterprise, Trade and Investment to discuss opportunities for business and trade cooperation between the Kurdistan Region and Northern Ireland. Minister Foster who is heading a business delegation from Northern Ireland said she and her business delegation are very pleased with their visit to Erbil, especially participating in this year’s Erbil International Trade Fair. “We have had a very successful visit so far and we have a number of companies from Northern Ireland that participated in the Erbil Trade Fair. I think it will be an ongoing engagement between Northern Ireland and the Kurdistan Region,” said Mrs. Foster, adding that there also other opportunities for cooperation other than trade and business. President Barzani praised the significant participation of companies from Northern Ireland, hoping that this relationship will grow stronger and expand to cover other areas, saying “the size of this participation was very encouraging for us.” The trade fair this year, held the 24-27 October, will be the largest so far, highlighting the rapid economic growth in Kurdistan. This year’s fair will host more than 850 companies from over 25 countries, showcasing a wide selection of goods and services in different economic sectors.
[terryk] ◦Failing Oversight: Iraq’s Unchecked Government ◦Anbar Province – ‘Field guide for investors’ by Dunia Frontier Consultants ◦2012 Iraq Investment Guide ‘open for business’ ◦Political Risk services 100 Country Reports ◦New Report on Investment in Iraq ◦Detailed New Briefing Paper on Iraq ◦3Q10 Middle East Mobile Operator Forecast, 2010 – 2014 ◦The Outlook for Medical Devices in the Middle East ◦Iraq Defence and Security Report Q4 2010 ◦U.S. Defense & A[terryk] HERE IS THE MINING INFO FROM SEPT I DONT KNOW IF I EVER POSTED IT
[terryk] After decades of sanctions, war and sectarian violence Iraq is emerging as one of the most dynamic economies in the world, with vast oil and gas fields powering the country's revival But now a new resource is attracting global investors: the glittering mineral wealth beneath Iraq's deserts and mountainous regions Referring to The Klondike gold-rush bonanza 200 years ago, one key-note speaker at Iraq Mining 2011 said: "I call this Iraq's Minerals Rush!" The sheer size of Iraq's mining and mineral resources are breathtaking. The conference was told natural deposits are some of the biggest in the world, including an estimated 600 million tonnes of native sulphur in the Mosul region, 10 billion tonnes of phosphates and 75 million tonnes of quartz sand under the Western Desert, 8 billion tonnes of limestone in Al Anbar and Suleimani, 50 million tonnes of salt in Al Anbar and Al Basrah. All these figures are thought to be conservative. There's gold under the Western Desert and in Kurdistan where there are also is millions of tonnes of zinc, copper and marble. Iraqi geology is also favourable to the discovery of platinum. In business the right timing of a new venture is vital, and once again investors, especially Westerners, are being urged to make a move now. The Conference heard the world's major mining and minerals companies are being offered deals worth billions of dollars, not only to extract but also convert Iraq's underground resources into key products for domestic and export markets.
[terryk] Potential investment projects included plants for the production of: sodium sulphate in Salahadin Province, feldspar concentrate near Najaf, phosphates at Akashat, alumina at Akashat, silicone sand in al-Anbar province, Sodium Carbonate in Akashat, ceramic tables, sanitary ware and glass in various parts of Iraq. Phosphates were identified as a massive growth market with a seemingly insatiable demand from India, Pakistan and Bangladesh where billions of tonnes of fertilisers for agriculture are needed annually. The Gulf region needs phosphates, as does Iraq, to maintain and grow agricultural economies Other potential lucrative ventures include the millions of tonnes of cement and other building materials, like steel, which are urgently required for Iraq's massive construction projects including 3.5 million new homes in the next 5 years, a new railway system, new road expressways, airports, ports and iconic new buildings such as the Basrah Sports Complex. Conference attendees heard there had been a sea-change in Iraqi Government economic policy: gone are the days of stagnation and bureaucracy; Baghdad's vision now included a liberal, transparent, free-market economy devoid of corruption. Iraqi cabinet members revealed Iraq was fully open to foreign investment and wants to encourage it, especially with an Iraqi partner. The Conference was told the Iraqi government has a 30 year economic plan for mines and minerals: Up to 2015: "institutional building," introducing legislative changes to make Iraq more attractive to investors, establishing global links with international corporations and other entities, and 'smoothing' links between federal and provincial governorates. 2015 to 2020: "expansion and exploitation of mineral resources, " which included "clustering" whereby interrelated industries and institutions drive wealth creation through innovation and the export of good and services 2015 to 2030: the Iraqi government wants to see "sustainable and responsible growth in mining and minerals," in other wor
[terryk] But democracy had also brought its own bureaucracy and corruption persisted at many levels. The Iraqi government is aware of these short-comings and is determined to eradicate layers of red-tape and stamp-out bribery. Iraq's banking system, so vital to investors, was described at the Conference as: "primitive." They were told the Iraqi government is striving to upgrade services and this was: "work in progress." The Conference heard new bank arrivals in Iraq such as HSBC, Standard Chartered, Citibank and financial institutions including pwC would act as powerful catalysts for banking reform. Investors also identified lack of credit facilities to fund major projects as a stumbling block. They were told the Iraqi government was working on this and Baghdad had noted several major US hedge funds now had Iraq in their sights for investment. Iraq's National Investment Commission (NIC) was identified as one-stop shop to help foreign companies invest in mines and minerals. The NIC helps in obtaining licences, tax exemptions and land. Iraq's Five Year National Development Plan for 2010-2014 targets economic growth at 9.4 per cent, including nearly 3,000 projects worth up to US$190 billion. Around US$11 billion was reconstruction and a further US$72 billion was earmarked for capital projects like roads and housing. Overall the mood of the Conference was up-beat with potential investors showing keen interest in the massive wealth to be made out of Iraq's mining and minerals industries. They also left with the clear message they would be involved in the re-building of a nation and working with a government determined to introduce a market-led, corruption free economy; a government ready to reach-out and to encourage foreign corporations - especially those with links to an Iraqi business partner.
[terryk] In 2001, Iraq produced hydraulic cement, nitrogen, phosphate rock (from the Akashat open-pit mine), salt, and native Frasch sulfur (from underground deposits at Mishraq, on the Tigris River, south of Mosul), as well as clay, gypsum, lime, limestone, industrial
sand (glass or silica), sand, gravel, and stone. In 2001, the State Organization for Minerals reported the discovery of sulfur deposits in the Western Desert, near Akashat. Production figures for 2001, in tons, were: phosphate, 100,000, down from 300,000 in 1999; sulfur, 98,000, down from 475,000 in 1996; and salt, 300,000.
terryk] TOO MUCH TO TAKE IN?
[terryk] THAT IS JUST SOME OF WHAT I REVEIW
[terryk] AND DONT BOTHER TO POST
[Agent 007] they have so many natural resources in Iraq
[jimbob] no , no...great info TK..thanks..you da man
[terryk] YOU WANT MORE
[terryk] Iraq Mega Projects 2011 took place between the 18-20 October, focusing on the progress, challenges and solutions faced in the production of the twelve oil fields and three gas fields contracts the conference was a great success. Senior Iraqi professionals, contract holders and the service industry themselves discussed the progress since the signing of the contracts, the challenges they have overcome and the problems faced moving forward.
[Agent 007] fire away
[puregold] TY Terry, I appreciate it greatly - that you do what you do, so I don't have to
terryk] •Improved oil recovery and water demand •Environmental considerations, energy and work security challenges for companies •Joint venture partnership, cooperation and direct execution •Predictions for Iraqi reserves and production capacity •Developments in Iraqi fields •What will the financial outlook of Iraq’s economy be considering growth in production •Corporate social responsibility •Developing the value chain
[terryk] Iraq, Oil Majors Agree To Build Oil Field Water Injection Plant Iraq has agreed with oil majors to build a multi-billion-dollar oil field water injection plant in the south of the country, after disagreement over costs that suspended the project for months, a senior Iraqi official said Wednesday
[terryk] UPDATE: ExxonMobil, BP, Eni Investing $100B To Develop 3 Iraqi Fields-Official Exxon Mobil Corp. (XOM), BP PLC (BP) and Italy's Eni SpA (E) will spend around $100 billion to upgrade three oilfields in southern Iraq, the top energy advisor to the Iraqi Prime Minister said Wednesday. Thamer Ghadhban said some $50 billion would be spent to upgrade the supergiant West Qurna Phase 1 oilfield which is being developed by Exxon Mobil. The remaining $50 billion will be spent by BP and Eni to upgrade the Rumaila and Zubair oil fields respectively
[terryk] Citadel awarded Iraq oil refinery contract Citadel Capital, an Egyptian private equity firm, has won a contract from Iraq's government to build an oil refinery in the country with capacity of 150,000 bpd
[terryk] Iraq's al-Ahdab oil field starts production at around 40,000 bopd An Iraqi oil official says China National Petroleum Corp (CNPC) has begun pumping oil from al-Ahdab oil field in central Iraq. Oil Ministry spokesman Assem Jihad says production started Saturday at about 40,000 barrels per day and will be ramped up to 60,000 barrels per day over the next week
[terryk] CNPC completes first phase of Al-Ahdab field in Iraq China National Petroleum Corp (CNPC), the first foreign oil company to sign an oil service contract in Iraq after former president Saddam Hussein was toppled, on Monday said that it completed construction of the first phase of the Al-Ahdab oilfield
[terryk] Chinese company begins construction of 100,000 bpd oil field in southern Iraq A Chinese company has began construction of a large oil field in southern Iraq's Halfaya area, with a productive capacity of 100,000 barrels per day (bpd), Missan Oil Company's Director said on Saturday
[tzeman7390] alot of research for us CA guys!
[terryk] Key Industry Developments Discussed at Iraq Mega Projects 2011 Senior executives and industry experts gathered at the three day conference and seminar Iraq Mega Projects 2011 hosted by The CWC Group at the Ritz Carlton, Istanbul between the 18-20 October 2011. Focusing on the recent developments of Iraq’s oil and gas fields, water projects drilling activates, infrastructure growth and corporate social responsibility the event proved to be a great success
[terryk] Iraq Mega Projects 2011: Chinese Company China Petroleum & Engineering Corp. (CPECC) Awarded $174 Million Contract The Chinese oil firm China Petroleum and Engineering Corp. (CPECC) have been awarded a $174 million contract to build three crude processors, and has begun work on the contraction on the first production network of southern Iraq’s Halfaya Oil Field
[terryk] Iraq says $30 Billion Needed for Oil‐Refinery Projects According to U.S Energy Information Administration data, Iraq generates the majority of its revenue by exporting oil and importing about 30% of the gasoline it uses. The country is now seeking $30 billion in foreign investment to build refineries and develop oil and gas fields to avoid importing gasoline and diesel
terryk] H.E. Dr Rozh Nouri Shawis Deputy Prime Minister of Iraq H.E. Ahmad Nassir Al-Karbooli Minister of Industry and Minerals Dr Sami Al-Araji Chairman of the National Investment Commission Dr Thamer Ghadhban Head of PM Advisory Committee Mr Munqith Al-Baker Senior Advisor to Ministry of Industry and Minerals Dr Khaldoun Al-Bassam Director General, Geosurv Iraq, Ministry of Industry and Minerals
[Agent 007] Boy I wish we would build some new oil refineries right here in the US of A
[terryk] OK IM DONE FOR TODAY
[Agent 007] bravo - thanks!! Good stuff!
[terryk] BAGHDAD, Oct 27 (Reuters) - Iraq and the semi-autonomous northern Kurdish region have agreed to work on amendments to a draft hydrocarbons law and reach an accord by year-end, potentially defusing a major row, Iraqi officials said on Thursday. Kurdish officials have harshly criticised a draft law approved by Iraq's cabinet in August that would have given the Arab-dominated central government in Baghdad more control over the nation's oil reserves, the world's fourth largest. Adoption of a new oil and gas law has long been considered critical to the success of Iraq's rapidly developing oil sector, although Baghdad has signed multibillion-dollar contracts with global oil majors despite antiquated legal safeguards. Iraqi Prime Minister Nuri al-Maliki and Prime Minister Barham Salih of the Kurdistan Regional Government agreed during talks in Baghdad this week that by Dec. 31, they will either amend a 2007 hydrocarbons law as agreed by all political factions or adopt the 2007 law as is, officials said. "It has been agreed by the end of the year to finish a draft which is agreed on; either by making a new draft or to go back to the old draft," central government spokesman Ali al-Dabbagh said. "It depends on what will be agreed." Investors have been waiting for years for Iraq to pass modern laws as it tries to lure billions of dollars in foreign investment to rebuild after decades of war and international sanctions. The Maliki-Salih agreement to agree appeared to sideline the controversial draft law approved by the cabinet in late August, which looked set to provoke a political fight in Maliki's fragile coalition government. Kviolated the constitution. That draft would have centralised power over oil and gas resources, giving Baghdad added control over currently producing fields and over auctions for undeveloped fields. The 2007 version agreed among the political blocs gave regional powers partial authority over their reserves. Thamir Ghadhban, Mali
[terryk] NOW KEEP IN MIND THAT THE HCL AND CHAPTER 7 DONT NEED TO BE DONE FOR THE RI
[terryk] FOR A RV YES
[Agent 007] correct
[terryk] NOT FOR THE RI
[terryk] THUS THE 3.43 RATE
[Agent 007] which if it comes out at the $3.43 rate it would be an RI
[terryk] BUT I DID NOT SAY THAT
[terryk] I THOUGHT ITurds, who hold 56 seats in the Iraqi parliament, said the draft
[ctjack15] All the articles are good, fine, and wonderful, but we still have a political stalemate. Until Eribil is implemented there will be no RV
[nano36] it is so interesting to get articles that tell of all that is happening in the country, getting the country back up and running, investing in the country and just about the squabble between the powers that are or want to be. Thank you for all.
[nano36] not just about
[terryk] I GUESS YOU DID NOT READ THE ERBIL AGREEMENT THEN
[cravin4rv] TerryK -- Right which is what I believe is going to be Shabibi's back door or plan B if Maliki wants to keep delaying this. To me I prefer and RI then they can always RV later.
terryk] “Buy on the rumor, sell on the news” is a time-honored investment phrase that is oftentimes more confusing than the wisdom it attempts to impart. The meaning relates primarily to company securities that appreciate in expectation of a big news announcement. Early speculation drives ups the price, such that when the real announcement is made, most investors sell on the news to take their profits, often driving the price down, rather than up. “Pump and Dump” stock frauds also follow a similar scenario, but in this case, criminals benefit and investors lose. A similar situation has been building for years, some say as many as eight years, surrounding the potential “revaluation” of the Iraqi Dinar. As the rumor would have it, the Iraqi economy has stabilized, and the potential for enormous foreign currency reserves from increased oil exports will drive the value of the Dinar to unconscious levels versus the U.S Dollar. The government authorities will be forced to revalue the currency from 1,175 to 3 per Dollar, resulting in an outrageous windfall for anyone owning stockpiles of the currency. Does something here sound a little too good to be true? In actuality, the Iraqi Dinar, or “IQD”, is a “controlled” currency. The central bank of Iraq determines the exchange rate and must support that rate by maintaining adequate foreign currency reserves to handle capital flows across its borders. The IMF permits countries with a transitional economy to implement currency controls in order to stabilize their economy during its redevelopment phase. Presently, international banks will not accept the Dinar, and it is not traded on any forex exchange. Actual purchases can be made through currency dealers that have been authorized to buy and sell banknotes that are already in circulation.
[terryk] Whitby & Mohajer Target Iraqi Market Posted on 17 October 2011. Tags: Whitby & Mohajer Iran and Iraq will be major target markets for Dubai’s newest engineering consultancy, Whitby & Mohajer, says the company’s MEP director. While the usual target markets of Saudi Arabia, Qatar and the UAE will still be areas of interest, Louise Collins told MEP Middle East said that the intense competition for MEP contracts in those markets was a deterrent. “A lot of the bigger companies are wary of Iraq right now, but it’s got a lot of money and is looking to rebuild. The Americans are already in there, it seems to be the British and European companies that are hanging back, (being) a little bit more insecure. But there’s certainly a lot of money out there,” she said. Whitby and Mohajer are currently working on two major projects in Iraq, one a six hundred bed hospital and the other the Council of Ministers building. “There’s a lot of iconic stuff in Iraq, but we have to be careful how many projects we take in that region. In Iran, it’s the same thing. But you’ve got to spread your risk when you’re going into those kinds of places.” “Kuwait and Saudi Arabia are flying along and we’re getting a lot of fit outs here in Dubai, so that’ll sustain smaller companies (like us) for a while. There’s going to be a lot of fighting for big projects in Abu Dhabi by the bigger companies, but that’s not going to pick up for a while,” Collins said.
[terryk] NOW LOOK AT THIS
[terryk] Kurdistan’s President Meets Northern Ireland Minister Posted on 26 October 2011. Tags: Kurdistan, Northern Ireland
President Barzani today received Mrs Arlene Foster, Northern Ireland’s Minister for Enterprise, Trade and Investment to discuss opportunities for business and trade cooperation between the Kurdistan Region and Northern Ireland. Minister Foster who is heading a business delegation from Northern Ireland said she and her business delegation are very pleased with their visit to Erbil, especially participating in this year’s Erbil International Trade Fair. “We have had a very successful visit so far and we have a number of companies from Northern Ireland that participated in the Erbil Trade Fair. I think it will be an ongoing engagement between Northern Ireland and the Kurdistan Region,” said Mrs. Foster, adding that there also other opportunities for cooperation other than trade and business. President Barzani praised the significant participation of companies from Northern Ireland, hoping that this relationship will grow stronger and expand to cover other areas, saying “the size of this participation was very encouraging for us.” The trade fair this year, held the 24-27 October, will be the largest so far, highlighting the rapid economic growth in Kurdistan. This year’s fair will host more than 850 companies from over 25 countries, showcasing a wide selection of goods and services in different economic sectors.
[terryk] Largest ever UK Delegation to Kurdistan Region Visiting Erbil Posted on 24 October 2011. Tags: 'Your Country' - United Kingdom, Erbil International Trade Fair, Invest Northern Ireland, MEA, Middle East Association, Northern Ireland, trade fairs, trade missions, UKTI The largest ever trade mission from the UK to the Kurdistan Region is taking place from 23 -28 October, focusing on the Erbil International Trade Fair. It is coordinated and led by the Middle East Association together with UK Trade & Investment and Invest Northern Ireland. The delegation is being accompanied by Meg Munn MP and Nadhim Zahawi MP, Co-Chairs of the All Party Political Group (APPG) for the Kurdistan Region. The mission comprises 61 delegates from Great Britain and a further 20 from Northern Ireland, with 20 British organisations exhibiting at the Erbil International Trade Fair. Delegates represent a wide range of business activities including education, textiles and flooring, water, oil and gas, safety, engineering and architectural consultancy, financial services, furnishings, ventilation, IT and telecoms, electrical testing, security, industrial development and defence and avionics. There is particularly strong representation from the education sector. The size of the mission is an indication of the growing awareness in the UK of the huge business potential offered by Iraqi Kurdistan. British companies are starting to take advantage of the opportunities arising from the region’s rapid economic development, the welcoming business environment and the high regard in which British products and expertise are held. Over 70 British companies now have a presence in Iraqi Kurdistan, in areas ranging from energy and infrastructure to education and financial services, and many more are looking to build long term relationships with representatives of the Kurdish business community. The mission builds on the success of the 53-strong UK trade mission to the 2010 Erbil International Trade Fair, where there was an official British presence for th
[terryk] Austria to Open Trade Office in Iraqi Kurdistan Posted on 24 October 2011. Tags: Austria, Kurdistan A trade delegation from Austria, headed by former chancellor Alfred Gusenbauer (pictured), voiced their willingness to open Austria’s trade representation in the Iraqi Kurdistan region. According to the report from AKnews, the delegation met with Parliament Speaker Kemal Kirkuki and promised to cooperate in reconstruction and development of Kurdistan through the new consular office. There are 21 foreign representations and consulates in the Kurdistan region.
[terryk] Capital Bank Opens first National Bank of Iraq Branch in Erbil Posted on 03 October 2011. Tags: Capital Bank, National Bank of Iraq (NBIRQ) As part of its expansion plans across Iraqi provinces, and in an effort to offer premium banking services and facilitiessuperior services that facilitate and fund trade and banking services between clients in Jordan and Iraq. The new Erbil branch was inaugurated by His Excellency Dr. Barham Salih, Prime Minister of the Kurdistan Regional Government, in the presence of His Excellency Bassem Khalil Al-Salem, Chairman of Capital Bank, and Nozad Hadi, Governor of Erbil, in addition to National Bank of Iraq Board Members and a number of prominent figures in the region. The new Erbil branch increases the total number of NBIRQ branches to seven, three of which are located in Baghdad, one in Mosul, one in Karbala and one in Basra. “We are delighted that the National Bank of Iraq has brought its services to Erbil in addition to the other provinces it is already serving and we are also pleased that the National Bank of Iraq branch is the only Capital Bank branch in the Region. Erbil is currently witnessing exceptional economic activity as a result of its political stability making it a prime destination for investors that are targeting the Iraqi market”, said His Excellency Dr. Barham Salih, Prime Minister of the Kurdistan Regional Government. “Our investment in the National Bank of Iraq is a long-term strategic decision that stems from Capital Bank’s firm belief in the wide-ranging economic opportunities that are available in Iraq”, commented His Excellency Bassem Khalil Al-Salem, Chairman of Capital Bank, the fourth largest bank in Jordan in terms of capital. “As the only Jordanian Bank in Iraq that provid
[terryk] and Iraq, which is considered one of the fastest growing economies in the world
[terryk] Marsh and AAIB Launch Iraq Land Rig Insurance Posted on 26 September 2011. Tags: AAIB, Anglo Arab Insurance Brokers, Insurance, Marsh In order to meet the specific insurance requirements of oil rig drilling contractors operating in Iraq, Marsh and Anglo Arab Insurance Brokers (AAIB) today announced the launch of a new Iraq Land Rig Facility. The facility provides cover for physical loss of or physical damage to drilling rigs and associated equipment, machinery breakdown and third party liability risks, from the moment they touch Iraqi soil, whether in transit, storage or operation. The Iraq Land Rig Facility caters for all drilling contractors and the low retentions available make it particularly attractive to companies that do not wish to retain a high level of risk on their balance sheets. Entirely flexible, the facility can be tailored to meet the specifications of one-shot well exploratory drillers, through to larger contractors conducting significant drilling operations across Iraq. Simon Boxall, Managing Director in Marsh’s Global Energy Practice, commented: “Rig insurance is essential for drilling contractors but the costs can often be prohibitive, especially for smaller firms seeking to branch out into emerging territories. Drilling contractors need local risk and insurance expertise to take full advantage of the opportunities that exist in Iraq. This facility enables all contractors, from small independents through to global firms, to pioneer the development of Iraq’s oil economy.“ In addition to insurance cover, the Iraq Land Rig Facility provides claims support through access to leading loss adjusters; and clients will be able to access advice on local regulatory requirements from Marsh and AAIB. William Wakeham, founder and CEO of AAIB, said:
terryk] New Reports put Iraq Banks and Anbar under the Spotlight Posted on 23 September 2011. Tags: Dunia Frontier Consultants, Iraqixchange, reports The first of two new reports posted today on the IBN website puts the Iraq private banking sector under the spotlight. ‘Perspective on Iraqi private banks’ is researched and written by Ahmad Saleh and Tom Opdyke of IraqiXchange. The eight page report provides vital background data plus key stats on the sector. The second report is a detailed analysis of the opportunities in Anbar Province by Dunia Frontier Consultants. Anbar Province is about to become a major player in the O&G sector with 5 of the 12 new plots in Iraq’s 4th round of O&G licensing. The development is certain to entail billions of dollars of investment.
[thedogmom] Hi please don't get your BP up over peeps that are ticked off. It is not worth your health
[terryk] Agriculture Ministry offers 5.7% of Iraq to Private Investors Posted on 25 October 2011. Tags: Agriculture, Farming Iraqi Ministry of Agriculture has completed a plan to make 10 million donums of agricultural land, equal to approximately 25,000 square kilometers, available for private investment. According to the report from AKnews, the land will be available in all Iraqi provinces, and represents about 5.7 percent of Iraq’s total area. “The ministry is following high-level agricultural plans to develop the agricultural situation of Iraq and reach self-sufficiency of agricultural crops through the activation of agricultural loans and the development of agricultural investment projects,” Sabah Darei, general director of the General Authority for regulating agricultural investments, said. The Iraqi agriculture industry is suffering because of a two-year drought and farmers who are unable to compete with cheap imported products and therefore reluctant to farm
terryk] Iraq to Spend $500m to Stimulate Agriculture Posted on 13 October 2011. Tags: Farming The Iraqi Agriculture Ministry wants to spend more than 600 billion IQD ($500 million) to build modern agricultural villages in order to stimulate the Iraqi agricultural sector. According to the report from AKnews, 20 billion IQD will be spent on average for each village in the provinces of Najaf, Anbar, Nineveh, Babil, Salahaddin and Baghdad; two villages in Diwaniyah and Karbala have already been completed. “The project will be completed by 2015,” promised Deputy Agriculture Minister Mahdi Damad al-Qaisi. The Iraqi agriculture industry is suffering because of a two-year drought and farmers who are unable to compete with cheap imported products and therefore reluctant to farm. The government tried to address the issue in January 2010 with a law for modern agricultural villages which mandated the Agriculture Ministry to determine suitable sites for the villages and to construct housing units. These villages are supposed to be equipped with developed mechanisms to improve the agricultural situation, such as irrigation systems. Also, a loan system shall be available for farmers.
[terryk] AND WHERE DOES THIS MONEY COME FROM
[terryk] Iran, Iraq pay $1.2 bn to Battle Sandstorms Posted on 04 October 2011. Tags: dust storms, Iran, sand storms A top Iranian environment official said on Monday that Tehran and Baghdad will jointly invest $1.2 billion [1.4 trillion Iraqi dinars] in a project to reduce the number of sand dunes in a bid to cut the number of sandstorms. “In order to reduce gravel levels we have signed an agreement with a foreign company worth $1.2 billion to cover a million hectares (2.47 million acres) of Iraqi soil in the next five years,” the official IRNA news agency quoted the head of Iran’s Environmental Protection Organisation as saying. According to the report from AFP, the name of the foreign firm was not given. “This initiative began with 500 hectares and in our negotiations (with Iraq) it was decided to either use fossil materials (petroleum products) or biological ones to stabilise the dunes,” Mohammad Javad Mohammadi-Zadeh added. Some have blamed sandstorms on Iraq which has been hit by desertification and deforestation because of dam construction and declining agriculture. In mid-April, 20 of Iran’s 31 provinces had to close schools and government offices, and flights to and from some western cities were cancelled because of sandstorms mostly originating in neighbouring Iraq. The problem of sandstorms from Iraq has been blamed on two decades of on-off wars, with officials there saying the number of palm trees has fallen by two thirds from around 36 million to just 12 million. In September 2010, Iran, Iraq, Syria, Qatar and Turkey signed an accord in Tehran aimed at tackling the sandstorms problem over the next five years.
[terryk] Import of 22 Vegetables no Longer Banned Posted on 29 September 2011. Tags: KRG, protectionism AKnews reports that 22 different types of vegetables are not longer banned from being imported into the Kurdistan Region. The ban had been imposed in May in order to boost local production. The KRG’s Minister for Agriculture, Jamil Suleiman, said, “since the local production of these vegetables has decreased, the banned items are allowed to be traded in, beginning on Monday”. The banned vegetables include marrow, tomato, okra, leek, onion, green beans, pepper, egg planet, watermelon, melon, striped cucumber, grapes, apple, fig, peach, potato, sunflower seeds, cabbage, cauliflower and lettuce. However, Iranian potatoes are still banned. “It is harmful for health,” Suleiman said.
[terryk] Weekly Security Update for 26th October 2011 Posted on 26 October 2011. Tags: Baghdad, Dahuk, Habur, Iraq, K&R, Kidnap, Mosul, PKK, Qandil Mountains, Security, Ta'mim, Turkey Levels of violence did not change in Iraq last week, but there was a drop in the number of casualties reported. The previous week had seen a number of bombings in the capital which left dozens dead but last week’s terrorist attacks were less devastating in terms of the number of casualties inflicted. Furthermore, Baghdad was not the most hostile city in the country for once, with Mosul experiencing a spate of attacks and taking the dubiously earned title. Turkish military operations are set to intensify in the Qandil Mountains following a number of PKK attacks against police and army interests within Turkey. North In the normally quiet province of Dahuk the Turkish military is conducting counter-terrorist operations against suspected PKK forces close to the Habur border crossing, although the activity is having a minimal impact on trade, travel and the majority of personnel in the province. Otherwise, in neighbouring Ninawa province there has been a steady rise in the number of targeted shootings taking place over recent weeks, mainly in the main city of Mosul, which as noted saw more violence than Baghdad last week. Kidnap for ransom also remains a concern in the northern region, particularly in the province of Ta’mim which has seen more abductions than anywhere else in the country over the past four months. In a more positive spin on the subject however, the police managed to free a child kidnap victim in an operation in Ta’mim province last week. They killed two of the captors during the raid, while one of the security force members involved in the operation was shot and injured. Between July and September an average of 5-6 Iraqi nationals were abducted every month in the country. If you would like to receive a copy of AKE’s quarterly worldwide kidnap report please email the intelligence department
terryk] South In contrast to everywhere else the south of the country was very quiet with no major incidents of violence recorded at all last week. Nonetheless, personnel should bear in mind that the US military withdrawal due by the end of the year may embolden local militant groups. They may resort to violent attacks against one another in a competition for political influence and access to the wealth of the country’s greatest natural resource: oil.
[terryk] Subsea Team Secures Crucial Pipelines Posted on 26 October 2011. Tags: Demining, Marin, Maritime and Underwater Security Consultants (MUSC), mine clearance, mines, UXO Subsea excavation specialists Marin Group recently played a key role in clearing unexploded ordnance from the route of three new pipelines crucial to Iraq’s future oil exports, according to an article in Maritime Journal. Operating company Marin Subsea Ltd was contracted by UK based Maritime and Underwater Security Consultants (MUSC), which had been awarded overall responsibility for making safe the Persian Gulf pipeline corridors linking Iraqi onshore production facilities to the export hubs at al-Basra and Khor al-Amaya oil terminals, southeast of the Al Faw Peninsula. MUSC, specialists in the disposal of subsea un-exploded ordnance (UXO), and pipeline security, urgently required fast response excavation support for divers tasked with mitigating classified targets, and chose Marin Subsea for the company’s expertise as the pioneers of mass-flow excavation and clay cutting technology as well as a 30-plus year track record of operating in hostile marine environments. The Marin team were also able to point to previous experience of using MFE and claycutting techniques, both non-contact methods using water to excavate non-cohesive and cohesive subsea soils, at suspected UXO sites, including a 1992 project for the UK Ministry of Defence (MoD) in Beaufort’s Dyke, and a 2005 project excavating and removing WW2 ordnance along a pipeline route in Sicily. For the Iraq project, a suite of Marin’s patented proprietary technology was mobilised to the four point moored barge AOS Constructor, and included the centrepiece Evo 150 STE and HTE mass-flow excavation tools plus a customised high impact pulse water jetting system and a selection of diver hand-held tools.
terryk] OK IM DONE
[terryk] LATER ALL
[terryk] GOD BLESS
[terryk] JANNA DID SOMEONE GET ALL THE ARTICLES I POSTED
Agent 007] I did
[Cessie] Agent 007 Will you please post any conversation/chat that TK said? I will read the articles in the forum.
[Agent 007] TerryK you're welcome
[Agent 007] Cessie always
[terryk] NOW I JUST GOT WORD THERE WAS A PROBLEM TODAY
[terryk] A MEETING FOUL UP
[terryk] THEY DONT GO LOOKING
[terryk] IT HAS BEEN CORRECTED AS OF ABOUT 2 HOURS AGO
[terryk] BANKING MEETING
[terryk] US SIDE OF THINGS
[tina] why do you think that happened
[terryk] WHO KNOWS I JUST GOT A CALL
[Cessie] TK What was the problem?
[mirty] Tk so it can still happen today?
[terryk] ITS BEEN RESOLVED IT MAY PUSH THINGS BACK A FEW HOURS TONIGHT
[terryk] YES MIRTY
[tina] did they say if they made progress tho
[terryk] IT CAN
[terryk] IF THE GOOD LORD WANTS IT TO
[tina] let's all pray
[comsec] Thank you
[terryk] LATER ALL
[terryk] GOD BLESS
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