From BLUEDOG - KTFA (Keep the Faith Always!)
Posted by TBBP on January 1, 2014 at 9:36am .
Happy New Year Frank, Tink and Family.....
Hey Frank, thank you for your post this evening..... I learn a LOT from you, and read your posts all the time....
Here are my thoughts and opinions.... on the oil "gusher" to the north.
Well... Barzani and his deligation have been working in Baghdad and Baghdad has sent earlier this week a deligation to Erbil...... Parliament members have stated the hold up is oil with Kurds well here we have it the oil is flowing ............ there must be a New Rate in that pipeline.... and its flowing from Kurdistan to Turkey, as of an article earlier today....... they have waited so long to turn that valve on! ............ We "should" see a New Rate....... soon .... (as soon as they "want" us to know, which I do not think they can hide for too long) ........... that valve is HCL... all in one................. Iraqi... Kurdistan, began exporting crude heavy oil to the world market in a new step to strengthen its control over the lucrative slicer away from the central government in Baghdad. This is "KEY" and "HUGE" to those of us invested in Iraq....... IMO.
http://translate.google.com/translate?sl=ar&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.middle-east-online.com%2F%3Fid%3D168649
So there must be an agreement finished on the Budget ......... what do you all think??? HCL and maybe Article 140??? ...... of course there is ....... Barzani said his meeting went good and he was happy .......... do you think that oil has a new figure... sure it does......... they tested this pipeline days ago the meter was working perfect so "bingo" and to top if off we have all these things to look at... and "MORE".... than I have even listed here:
* Iraq comes to the US in the month of January for the next round of meetings of the strategic framework agreement in Washington
* applied tariff rate of 20% beginning in Jan 2nd 2014
* Iraqi stock market open back up on January 7th (it would need to be down during a change in currency rate)
* become a member WTO Dec 29th (nothing has been confirmed as of yet)
* Parliament waiting for something and did not take a normal recess (every year they take a recess.... "around".... Dec 15th and come back in Jan) all articles point to Parliament wanting this done by end of 2013
* International auditing firm closely connected with the BIS has been in Iraq working for 10 years and have now finished their work
* BIS to taking deposits from Iraq in dinar and using them on their books in 2014
* Barzani and Baghdad have come to a agreement on oil and gas law
* Article 140 has been agreed upon and census done................discussions that took place between the Prime Ministers of Iraq and the Kurdistan Regional Federal recently reached good results and that his country supports any efforts that will normalize the issue of the distribution of Iraqi oil revenues
* Cards start in january.....Goverment workers get paid first Thursday of each month being Jan 2nd
* Iraqs Banking System is the most sofisticated in the world now (with help of the BIS and Auditing Firm) ready to go
* Foreign Account Tax Compliance Act....Planned Outage: December 30, 2013 - January 1, 2014.........•FATCA targets tax non-compliance by U.S. taxpayers with foreign accounts.........will take effect Jan 1st 2014....http://www.irs.gov/Businesses/Corporations/Foreign-Account-Tax-Compliance-Act-(FATCA)
* The law of infrastructure is one of the economic laws ........which once you have a new rate then you can pass these that way not to expose the rate early........Parliament to be back working the first week after New Year
* The application of the pay scale for state employees beginning next year 2014...........new salary will be disbursed retroactively as of January in the case of late approve next year's budget in 2014
* Brazil is ready to drop 80% of Iraq's debt in accordance with the Paris Club agreement
* Paid the full debt of Egypt amounting to 408 million U.S. dollars
* Settlement to repay the billion dollars in debt to the Jordanian businessmen and not paid through the Pari Club
* The deal stipulates that oil revenues from Kurdistan region will go to the DFI account which was created at JPMorgan Chase in New York in 2003 at the request of the United Nations...........all has been well planned..........And approved the Kurdistan Region officially take charge of the national export company "Sumo" Managing file the sale of oil from the source region to Turkey.
* Iraq is one of the few promising emerging markets out there.......The business opportunities are huge..... They are trying to grow the oil sector by six or seven times
* Doubling the salaries first of January
I really hope this helps..... thanks for allowing me to express my opinions... BLUEDOG
:handshake2:
Bluedog |
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