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TETELESTAI | 1-800 Numbers

This is where the 800#'s will be listed which will be included in the TETELESTAI post once published.

If there are no 800#'s, the TETELESTAI will still be published once given permission as it contains useful information prior to redeeming/exchanging your currencies.

(Note: The TETELESTAI post is the official "Go" for redemption/exchange.)

Guest Posting & Responding Now Available

Dinar Chronicles is now allowing viewers to guest post and respond to articles. If you wish to respond or speak your mind and write a post/article or about the current situation relating to Iraq, the RV, the GCR and so on. You may now send in an entry.

All you need to do is send your entry to UniversalOm432Hz@gmail.com with these following rules.

The subject line of your email should be: "Entry | (Title of your post) | Dinar Chronicles"

- Proper grammar
- Solely write intel, rumors, news, thoughts, messages regarding Dinarland, Iraq, the RV, the GCR, NESARA/GESARA, the Republic, Spirituality, Ascension and anything that is relating
- Your signature/name/username at the end (If you wish to remain anonymous then you don't need to provide one.)

If you have any questions or wish to communicate with us then please give us an email at UniversalOm432Hz@gmail.com

Send your entry and speak out today!

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Featured Post

"Soften the Beach" - Intel SITREP - 10:00 EST - Sunday - February 19, 2017

Received via email at 10:00 AM EST for publication. ~ Dinar Chronicles Opening RV military operations began globally yesterday at 16:...

Sunday, February 19, 2017

Guest Posts Regarding the RV/GCR & More for Sun. Afternoon - 2.19.17



This is a compilation of all guest posts submitted as of Sunday Afternoon, February 19, 2017. All guest posts that are more than 5 paragraphs in length or deemed important or is a response to another post will be considered it's own post.

Note: This post will be continuously updated with more entries as they are submitted. ~ Dinar Chronicles

______________________________________________________

"ZAP's Receipts"

Entry Submitted Anonymously at 2:12 PM EST on February 19, 2017


If you have courier receipts. Show them? Prove something to us
______________________________________________________

"Re: Reiki is Love"

Entry Submitted by Greenman at 2:41 PM EST on February 19, 2017


Harmony.

I really enjoyed reading your post.

The journey that leads one to be a healer, is one of the most loving tales that can be told.
I had a profound vision during my first Reiki session. This vision has led me to my life's work of having my own healing center.

Ironically, having my own healing center was what led me to this journey that we share today.

I was called to this work years before I had heard about an RV. I was guided to quit my good job of 11 years for the County of Los Angeles, move to the mountains (with a wife and 3 small children) and pursue a life of healing and service to others.

There is a saying that we use here in Dinarland. Believe it and you will see it.
I knew that I had to walk the walk in order to teach others.

What a book I will write some day.

When people ask me about Reiki, I tell them this.

Reiki opens you up energetically and spiritually. Reiki reintroduces you, to you.

After a session or two, or even a Reiki Share, people come to me and say that they get what I meant.

Much love and light to all.

Namaste

Greenman, Reiki Master ~ Teacher
Emerald Energy Healing LLC
bigbeargreenman.com
______________________________________________________

"Channeling's this Week"

Entry Submitted by Maria Magdalena at 2:48 PM EST on February 19, 2017

Hi All

I have read many frustrated posts today. It saddens me while I understand you as I myself can be seized by those feelings at times, know, however. That what is happening is so much larger, where everything must be in place, nothing can go wrong, they are taking no risks. That spirit says everything will come when it will be,

Last week's channelings says so here.

It takes place in February, all is not quite in place, Michael Flynn was a great braking, much came off after he disappeared. Now everything is up and running, some something small is expected to it in.. those shows I'll be prepare and show 800 number. thought to share with me when this has come up several times this week.

But that we, in our human bodies do not understand the big picture, we are guided too much by fears, which in turn pulls down vibrations, manifest the 800 number to increase frequency

apologies for the grama. translate from Swedish into English translate

Maria Magdalena
______________________________________________________

"Re: Soften the Beach, SITREP"

Entry Submitted by Angel Gee at 2:52 PM EST on February 19, 2017


I AM ABSOLUTELY SPEECHLESS.....

As a staunch supporter of you Josef, and one of the first ones to defend you. This SITREP sounds like a bunch of BULLSH*T!

You consistently take us from completely ready, to almost ready to not ready at all. Mind games, psy ops, butterfly effect of whatever you want to label it. Somebody's needs to give the people the absolute TRUTH and not continuously mentally, emotionally and spiritually manipulate our state of being and support.

If these countries are using these currencies or a version there Of, and 3 other tiers have been hydrated, then why in GODS name is the so called T4 group chains being yanked. This situation report is not passing the sniff text.

Either you are lying to us, or somebody is lying to you. Either way, somebody is lying to us.

Annoyed Humble Servant
I Am Angel Gee
______________________________________________________

"Re: The New Cabal?"

Entry Submitted by Angel Gee at 2:52 PM EST on February 19, 2017


Haven't you noticed there is a huge war going on against President Trump? Those trying to diminish him & take him out are the cabal.

IMO it will not be safe for an RV until they are taken out. They have NOT been taken out yet! It's very obvious to see that. There may need to be martial law to take them out so prepare. It was always part of the plan for there to be martial law as the new financial system comes on board & is announce, & mass arrests within 72 hours of that.
______________________________________________________

"Re: Soften the Beach, SITREP"

Entry Submitted by K at 3:23 PM EST on February 19, 2017


"Soften the Beach" - Intel SITREP - 10:00 EST - Sunday - February 19, 2017

Used to live in Florida! Know about sand! A strategy is foremost in making sure the benevolence to humanity through Lightworkers will not be abducted! The update and confidence you shared were needed and timely. BIG THANK YOU K

"Amazing" - RV Musical Update - 2.19.17



I feel sweet
Do you feel sweet?
It's amazing

I have no skin
And I feel everything
It's amazing

I feel good
When you feel good
I knew I would
And it's amazing

I've wanted this for so long
Now the deed has been done
We shall rise with the sun
And spend our time as one

Now there is no sin
In anything
And it's amazing

I love life
I hope you do too
'Cause I love everything
It's all amazing

I feel you
Do you feel you?
I understand
When they say we're born again
'Cause I've been born again
I'm born again
And it's amazing

And it's the best thing
And it's glorious
It's life changing

This feeling
Is amazing
It's the best thing
It's glorious
It's life changing

This *feeling

This *feeling
Oh, this *feeling
It's amazing

It's in the stars
In the sun
It's everywhere
In everyone
And it will be every day
From now on

From now on

We are one
And it's amazing

It's in the stars
In the sun
It's everywhere
In everyone
And it will be every day
From now on

From now on

We are one

And it's amazing
It's in the stars
In the sun
It's everywhere
In everyone
And it will be every day
From now on
From now on
We are one
And it's amazing

GoldFish Report No. 78 - Week 5: POTUS Update with Kent Dunn



Published on Feb 19, 2017

On GoldFish Report No. 78 this week's Drain the Swamp includes more on Pizza-Gate, Oroville Damm Agenda, POTUS Executive Order banning Vaccinations, children's aura's that are targeted with vaccinations, Florida Campaign Rally and President's Trump's body double, Nibiru, Space-X Red Dragon Rocket launch, W H Staffers fired, and a President's Day puzzle. To receive updates please subscribe to our YouTube Channel, and like us and follow us on facebook at www.facebook.com/thegoldfishreport. Also, visit us and our archives at www.thegoldfishreport.com and you can also follow these and other stories on Twitter at @ReportGoldFish.

CWN EP407 - Day 126 of Liberation, West Starts with a Bang



Published on Feb 19, 2017

IQD RV Update with BGG: "Really Beating this Drum"

Article:
"Iraq joins the transparency in the arbitration agreement between investors and states"

Oh wow - they are REALLY BEATING THIS DRUM right now... Once international investment has both and way in and a way out - you can have "freedom of movement of capital" - AKA TRUE EXCHANGE...then the IQD will be able to move freely as well. They may not be "there" just yet, but they aren't far off.

[You mean freedom as in some form of FREE MARKET ECONOMY!]

in every sense of the word.

BGG (Dinar Updates)

Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

Courtesy of Dinar Guru

Dinar Updates Daily Chat Log for Sunday 2/19/17 - Part 2

Dinar Updates Daily Chat Log

Part 2 - Featuring firefly & tman23


(10:46 AM)jfinny was kicked out by jfinny!

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Elilali says(11:14 AM):

ummmmm

Elilali says(11:14 AM):

The parliamentary Finance Committee revealed on Saturday that "Iraq's debt to some European countries amounted to" a hundred billion dollars. "

jeffusa says(11:14 AM):

Federal police and elite rapid response forces took the two villages - the last before Mosul airport and a major military base to Mosul's south.

The Iraqi police forces, rapid response teams and counter-terrorism units are expected to lead the offensive to take west Mosul, probably the most dangerous part of the operation to clear IS from Iraq.

Iraq's leader Haider al-Abadi announced the launch of operations to take west Mosul on Sunday, expected to be a tough and bloody battle for Iraqi forces in a dense urban area that has been a traditional heartland for IS.

Meanwhile, Iraqi Hashd al-Shaabi (Popular Mobilisation) are waiting to the west of Mosul and around Tal Afar, expected to cut off a westward retreat for IS.

Elilali says(11:14 AM):

anyone see that?

Elilali says(11:14 AM):

apprently they owe several people over a hundred billion.... but somehow their budget is not allowed to be over 5 billion?

jeffusa says(11:15 AM):

Iraqi forces have captured two villages south of Mosul on Sunday, as part of a new operation to re-take the west of the city from the Islamic State group.

Troops led by police units surged into the villages Athbah and al-Lazzagah shortly after Iraqi Prime Minister Haider al-Abadi announced the launch of an offensive to capture the west bank of Mosul.

The villages are en-route to Mosul airport, which is believed to be the next target of Iraqi forces and lies to the south of the city.

Mudder says to Elilali(11:16 AM):

Guess your the only one that did...lol

Elilali says(11:16 AM):

lol guess so

jfd says(11:17 AM):

Their budget is close to 100 billion a year I think.

clay01 says to Elilali(11:18 AM):

saw it earlier in news forum, I think they probably (IMO) owe a lot of money to a lot of people that they are not telling anyone

jfd says(11:19 AM):

I wonder how much longer they can kick the RV can down the road?

clay01 says to jfd(11:20 AM):

they have kicked it this far, one wonders, lol

Elilali says(11:20 AM):

right.. someone from parliament casuallly mentions that iraq owes some countries 100 billion.... when their annual budget doesn't exceed 5 billion. Unbelievable. You're telling me that they would have to exhaust their entir ebudget 20 years in a row just to pay back one country

clay01 says to jfd(11:20 AM):

annual budget is over 100 billion

Elilali says(11:21 AM):

did I misread that then?

Elilali says(11:21 AM):

maybe I did

clay01 says to jfd(11:21 AM):

yes, it said some other countries in the region was only 5 billion

Elilali says(11:21 AM):

I'm an idiot, you're right

Elilali says(11:21 AM):

lol

clay01 says to jfd(11:22 AM):

said they pay more interest than some other countries budgets

Elilali says(11:22 AM):

which at least still shows they're in a lot of debt

clay01 says to jfd(11:22 AM):

sorry for Elilali

Elilali says(11:22 AM):

so we can take that away..... that iraq is broke, for now

clay01 says to Elilali(11:23 AM):

did you read the article wherel it talked about the debt to revenue ratio in line with other countries

jfd says(11:23 AM):

I bet that half of their budget is stolen by their government.IMO

Elilali says(11:24 AM):

I haven't seen that one Clay

clay01 says to Elilali(11:24 AM):

and another article that stated they (cbi) could cover all there debt payment at present

clay01 says to Elilali(11:25 AM):

in news forum this morning, a lot of good articles loop brought in

Elilali says(11:27 AM):

I was just starting to take a look. The news this past month has been really special. The other day, I reached out to my friends who I convinced to buy dinar once upon a time, and told them to be on standby.... again

clay01 says to Elilali(11:29 AM):

we are in a good spot at the moment, looks full steam ahead at this point, a few last pieces of the puzzle need to fall in place, if they have not already, and we just don't know about it, but looking very encouaging right now

_firefly_ says(11:43 AM):

News/economy.

The Iraqi Central Bank announced Sunday, its ability to cover the obligations of Iraq besides the international financing of foreign trade, the country's reserves of foreign currency within the "international standards".

The Central Bank Governor said the relationship at a press conference attended by "economy" news "Bank capable of international liabilities of Iraq and foreign trade finance," adding that "Iraq reserves of currency within the standards, and that the Bank also covers a large proportion of local currency.

He added that "Iraq's debt ratio is acceptable compared to GDP, but must not exceed it."

_firefly_ says(11:43 AM):

the country's reserves of foreign currency within the "international standards".

Beeson says to clay01(11:43 AM):

what i cant get straight in my mind ...is why did they pay soooo much money in Dinar to pay off interest on a loan... when they could have Revalued and pay a lot less...what am i missing ?

clay01 says to Beeson(11:44 AM):

Timing

Beeson says to clay01(11:44 AM):

ok

clay01 says to Beeson(11:45 AM):

bills come due, have to be paid, regardless of when a shift in the value occurs, remember a dinar is still a dinar in Iraq

Beeson says to clay01(11:46 AM):

I bet whom ever they paid are very happy ..lol

clay01 says to Beeson(11:47 AM):

they probably actually paid them with dollars or euro's or pounds, just did the conversion to dinar

Beeson says(11:47 AM):

no it was dinar... that why i cant wrap my mind around it

clay01 says to _firefly_(11:48 AM):

good to see you back in, I for one really appriciate your infor you bring into the room

_firefly_ says to clay01(11:48 AM):

gm MY FRIEND :)

clay01 says to Beeson(11:48 AM):

don't know either

clay01 says to _firefly_(11:48 AM):

good morning

_firefly_ says to clay01(11:48 AM):

blasted caps

clay01 says to _firefly_(11:48 AM):

:)

clay01 says to _firefly_(11:49 AM):

lol

_firefly_ says to clay01(11:49 AM):

I talked to the toom 2 weeks ago about the reserves. Well ......... :)

_firefly_ says to clay01(11:50 AM):

room

clay01 says to _firefly_(11:50 AM):

yes, I remember

clay01 says to _firefly_(11:50 AM):

just please keep bringing what you can, I read the logs and always appriciate your info

clay01 says to _firefly_(11:50 AM):

very insightful

clay01 says to _firefly_(11:51 AM):

not all info will print in black and white, but it is helpful to be looking in the right directions

dale says(11:57 AM):

firefly : (y)

_firefly_ says to clay01(11:57 AM):

GM dale

dale says(11:58 AM):

Firefly : GM

clay01 says(11:59 AM):

You guys have a blessed day, gtg :)

(12:01 PM)Check out THE BLOG - http://www.dinarupdates.com/blog/ - for the latest Dinar News, Documents and Call banners

_firefly_ says(12:04 PM):

Asadi: crowd had a stranglehold on ISIS leaders in Tal Afar

staar

February 19, 2017

Iraq News, latest news, headlines, Security.

Comments on Asadi: crowd had a stranglehold on ISIS leaders in Tal Afar closed
Like

The number of visitors to the topic: 7 

Baghdad/IBN

popular crowd spokesman Lisa "to" crowd continue to counter attempts by the siege of aldwaash in Mosul and Tal Afar. 

Assad said in a statement sent to Iraqi transmission network (IBN), Sunday, "with the morning of the day the men had continued last night to dawn today in preparation for Earth aldwaash crawled about cemeteries in Mosul a hunchback with a clock to 7 a.m. zap the heroes of the popular crowd at the Centre of their operations and in full coordination with other hubs of the heroes of the military and federal police. 

"Continued to complete their power day oddball! I edit with burning village village Tel گيصوم wetlol thirsty so edit those areas complete Brigade 26 crowd PDF editing all the goals set in the first phase.
"At the same time it could revoke the federal police and the 9th Armored Division in the Iraqi army, achieving goals and freeing a number of villages in their hubs.

He noted that "in the meantime sons fervent popular crowd counter attempts open enemy siege of criminals caught up in Mosul and Tal Afar by confronting the enemy attacks along the fender lines extending for hundreds of kilometers in West Mosul, causing the enemy in dozens of dead and wounded a day will keep the sons of Iraq and sharp sword shield crowd"

_firefly_ says(12:05 PM):

He noted that "in the meantime sons fervent popular crowd counter attempts open enemy siege of criminals caught up in Mosul and Tal Afar by confronting the enemy attacks along the fender lines extending for hundreds of kilometers in West Mosul,

_firefly_ says(12:05 PM):

extending for hundreds of kilometers in West Mosul,

_firefly_ says(12:06 PM):

in West Mosul,

_firefly_ says(12:13 PM):

Sumerian News/ Baghdad 

made good banks and Mesopotamia, loans for citizens and were spread between health professionals and the unemployed to buy cars and to owners of hotels, adding to the 10 million advance.

The health professions loans up to 50 million dinars

and the good Bank provided a loan of between 20-50 million dinars for health professionals human doctors and veterinarians, pharmacists and pathological laboratories made available through chemists and clinics owners Ray and sonar walmfras and resonance.

Mesopotamia announce loans to hotel owners up to 50 million dinars

Good Bank conditions for granting loans for the unemployed

Loan terms

The rational mode instructions on loan of up to five years and an interest rate of 6%, and it is to be guaranteed grants sponsor permanent staffing officer who had his loan of 30 million dollars and would be subject to property for the loan was start from 30 to 50 million.

Good loan to unemployed reaches 30 million

also gave the Bank a loan of 30 million dinars to the unemployed to create small projects.

The terms of the loan

required the good Bank to get this loan have a lease, in addition to the identity of the Baghdad Chamber of Commerce as well as electricity and paper guarantor permanent staffing, noting that the length of the loan will be for five years.

Loans for purchase of cars up to 30 million

and the Bank also grants loans for citizens who want to buy cars and vehicles and mechanisms for the productivity of up to 30 million, explaining that the conditions for obtaining that loan is not to exceed the amount of 90% of the price of the vehicle or machinery with a payment of five years.

Loan terms

and loan controls require that there be a guarantor and car reservations are flagged and the borrower's life insurance that the borrower does not have any previous loans.

Rafidain Bank loans of up to 30 million unemployed

is also granted loans to Rafidain Bank to unemployed people to start small projects reached amounts to 30 million dinars.

Loan terms

tman23 says(12:13 PM):

Iraq needs 4-1 to get to the goals they plan to achieve...... We see currencies drop value such as the euro/canadian/australian/ 22%........ we see the CBI set the rate at 1182...... Iraq seems to be working numbers around 22%.......Take 22% of the 1182 and end with balance of 922......take the 922 times 4 equals 3688......The CBI wants to drop the money supply 4-1 ( and had articles in past on the subject)......Thus the 3688 is close to what we seen on xchange rate BasNews site.....3.68....... Then for Iraq to meet their income/standard of living goals for their people they need a 450 billion per year budget....... but they import majority of goods so they need purchasing power since market economy will take time..... So 4 times their budget they set......or even 4 times the .00090 ....4 times .90 =3.6 ......... Not to go into detailed debate over possibilities or assumptions or speculation.....but rather just figure if the shoe fits/wear it !!!! And wait to see how they handle 3 zeros.......

willie60 says(12:14 PM):

Really great article here about the beginning of operations in western Mosul.

willie60 says(12:15 PM):

Mudder says(12:15 PM):

Good God.... It's the silly hour...lol

(12:17 PM)golfguy was kicked out by golfguy!

Dr Dave says(12:19 PM):

450 billion dollar budget.......Wow.....after languishing for eons i suppose they have alot of rebuilding to do.

JR67 says to _firefly_(12:26 PM):

Gladt o have the news from the FIREFLY! Great to see you in the room!

woodywoodpecker says(12:27 PM):

Thank you Mr Fly

willie60 says(12:29 PM):

https://www.yahoo.com/news/iraq-pm-announces-launch-operation-west-mosul-statement-043731792.html Another article about the beginning of military operations in West Mosul. 

_firefly_ says to JR67(12:29 PM):

Very welcome :)

_firefly_ says to woodywoodpecker(12:30 PM):

Welcome my friend :)

Pablo says to willie60(12:31 PM):

A couple of days late.

willie60 says to Pablo(12:34 PM):

Glad you appreciate my efforts.

sassy says(12:34 PM):

pablo do you have an article? If not stip complaining

sassy says(12:34 PM):

stop

sassy says(12:35 PM):

willie thank you

willie60 says(12:36 PM):

lol thank you also Sassy

woodywoodpecker says(12:36 PM):

thanks 60

willie60 says to woodywoodpecker(12:37 PM):

Just found these articles. Are they a bit old?

_firefly_ says(12:39 PM):

2/18/2017 0:00

Include the introduction of modern irrigation systems 

BAGHDAD / roar Imad 

The Ministry of Agriculture to prepare new plans aimed at developing the sector, by increasing production through farmer support modern systems of irrigation legalized. 

He said the ministry spokesman, Hamid Naif "morning": that "his ministry is working on the preparation of new plans aimed at encouraging farmers to increase various crop production would contribute to raising rates of marketing, and thus contributes to the support of the budget incomes further in light of the financial crisis experienced by the the country. " He added that "those plans include farmers equipped with modern systems of irrigation rated fixed and mobile , both as to contribute to the reduction of the high wastage rates because they depend on the method (immersion Traditional) during Rehm agricultural lands, which are not commensurate with going through the country from the clear decline in aquatic imports within basin of the Tigris and the Euphrates . "in relation to the procedures of his ministry for the elimination of agricultural pests, Naif stressed that the Department of Plant protection in the ministry has taken a series of measures aimed at procedures eliminate the scourge of (red weevil) inflows into the country after 2003, specifically in the province of Basra, explaining that The ministry provided a technical Mlakatha to initiate a campaign to investigate and search for the presence of insect pest and processed immediately within the areas of injury. 

He pointed out that his ministry had been applied in the former quarantine law of the time , which includes preventing the importation of any kind of cuttings and palm trees of the countries where the infection spread, referring to the efforts made by his ministry to eradicate diseases that afflict palm forests across the provinces so as to contribute to increase production dates in the country. 

Iraq was until the late sixties of the last century, leading the nations of the world palm numbers that exceeded the 33 million, as well as issued ranked first production dates, while the UAE topped the world their numbers amounting to 40 million. 

Spokesperson of Agriculture disclosed that his ministry had been imported earlier, (Holdarat) modern spray pesticides on palm trees through this special purpose aircraft over two rounds in all that was reflected in the increase in production season.

_firefly_ says(12:41 PM):

Temember, one of the IMF requirements was to have Iraq diversify their reserves other than just oil. Agriculture is as great an ASSET as is oil and gold

_firefly_ says(12:41 PM):

Iraq is following the IMF reqirements to the TEE

sassy says(12:42 PM):

(y)

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(1:01 PM)seadreamer was kicked out by seadreamer!

_firefly_ says(1:07 PM):

2/19/2017 0:00

Prime Minister Haider al - Abadi was held on the sidelines of the Munich conference , important meetings with international officials chain, according to separate data Information Office of the Prime Minister, while stressing presidents and world leaders their full support for Iraq. 

Abadi was held a bilateral meeting and meeting of joint talks with German Chancellor Angela Merkel, has been , during which the review of the advanced level reached by the relations between the two countries and the results of liberalization of Nineveh operations and supporting Iraqi troops and praised the sacrifices of the Iraqis, and to discuss reform program for the Iraqi government and issues of common interest in the region. » She stressed German Chancellor «her country 's commitment to the unity of Iraq, and Germany 's support continuous both directly and through NATO« NATO »and will expand in the field of military support for Iraq», praising b «cleanliness of the battle and respect for human rights and the protection of civilians by Iraqi forces», and in the economic sphere , she said : Chancellor Germany 's presentation , Dr. Abadi plans to develop and reform the economy and confirmed it «instructed to send a special envoy to Iraq in the coming days to support the government 's economic reform plans.» Pines and the congressional delegation and met with Prime Minister Haider al - Abadi in Munich , US Vice President Mike Pence , who stressed during the meeting «full support for the Iraqi government and full commitment to the support of their plans and their efforts in tackling terrorism and achieving security and stability in the whole of Iraq», indicating that « the position of supporting US President Donald Trump , who confirmed in recent contact with al - Abadi and his invitation to visit Washington »and expressed US Vice President« admiration for the leadership and wisdom of Dr. Abadi , and plan ambitious adopted by the Iraqi government to reform the economy and overcome the difficulties, and offered his congratulations victories achieved by the Iraqi forces against «Daesh» terrorist, as he pines for «solidarity with the victims of the terrorist attacks on unarmed civilians.» He also stressed US congressional delegation headed by senior Senator John McCain , Chairman of the reinforcement in the Congress, Prime Minister Haider al - Abadi, the United States ' support for Iraq in the fight against terrorism and its desire to expand cooperation between the two countries, and received Abadi , the US delegation , which included 12 members from the Republicans and Democrats, as confirmed Senator McCain and his entourage « the continued support of Iraq and its government and expand the horizons of cooperation between the two countries in various fields, expressing admiration for the military successes and the growing capability of Iraqi troops». And accept Abadi « the great progress made by Iraqi forces near complete liberalization of Mosul under unite Iraqis in the face of « Daesh »which has lost most of the territory that was under their control, emphasizing the design and determined to end its presence in Iraq, pointing to the need of the Iraqi forces and security services to more than support and counter - terrorism that targets Iraqis in cities and vital areas », as was done in the meeting« discuss the latest developments in the region and its future in the post «Daesh» terrorist ». French support for a British Iranian as prime minister received a message from French President Francois Hollande during a meeting at his residence in Munich , French Foreign Minister Jean - Marc Aerlot, the French minister stressed « the unlimited support given by France to Iraqi forces in their fight against« Daesh », congratulated the victory in the liberation Coast left of Mosul and head to liberate the rest of the city », Describing it as« important historical moment », and expressed his country 's desire to strengthen ties in all areas, from his part , asked Abadi from the French minister transferred his thanks and appreciation to the French president and his support for Iraq and its people and shared the desire to the development of relations between the two countries. And he received Abadi British Foreign Secretary Boris Johnson, and they discussed the development of relations between the two countries and to increase cooperation in all fields, particularly the support of the Iraqi forces and security services in the face of terrorism and assured the British minister «continuation of parking his country , along with Iraq and its forces fighting Daesh and Britain 's support for the projects of reform and development of the economy Iraqi and building state institutions and supporting the sectors of education, tourism », the new British Foreign Secretary to put the draft to criminalize« Daesh »and bring their 

_firefly_ says(1:09 PM):

and bring their leaders to international justice. And discuss the prime minister with the Iranian Foreign Minister Mohammad Javad Zarif and his cooperation against terrorism and the delegation, and during the meeting « to discuss the development of cooperation between the two neighboring countries in economic fields , electric power and common challenges relations in the areas of environment and water resources, as they discussed the latest developments in the region and cooperation against terrorism and the importance of achieving security and stability for their people », congratulated Zarif victories achieved by the Iraqi forces, praising« the sacrifice and courage of the Iraqis ». Arab and international acclaim as well as the Prime Minister received at his residence in Munich , secretary general of the Arab League , Ahmed Aboul Gheit, at the beginning of the meeting , Abul Gheit across all «happiness successfully Iraqi government in Tahrir and defeat terrorism.» He said: «What heartening news is reassuring verification of these successes and the return of civilians to their homes and their confidence in the Iraqi forces, we look with respect to Iraq 's position and capabilities of its people», saying «his intention to visit Iraq soon», was discussed the ongoing preparations for holding the next Arab Summit in Jordan. Abul Gheit stressed « the need to attend Iraq at the highest levels because it represents a heaviness in his surroundings Arab and regional levels, as confirmed parking with the Arab League and Iraq 's unity, sovereignty and cohesion of its people». Prime Minister said the Secretary-General of the Arab League: «We are pursuing political and economic reform and our government respects the freedom and intellectual diversity». In the area of the fight against terrorism and the operations edit Nineveh Abadi pointed out that «the rest of the city is less than the editor pane space, and this is the first battle we are waging in terms of the survival of civilians in their homes and their towns crowded and spare them the risk of abuse by« Daesh »with restoring basic and health services and what pleased is the growing trust and cooperation of the citizens with the Iraqi forces ». Prime Minister Haider al - Abadi also met at his residence in Munich , Secretary General of the United Nations , Antonio Guterres. And received Abadi Gulf Cooperation Council Secretary General Abdul Latif Al - Zayani .... 

subgirl says to digiman1(1:09 PM):

can I give you a break now? :) 

_firefly_ says(1:10 PM):

to meet with Barzani and on the sidelines of the Munich also conference, the Prime Minister received at his residence in Munich President of Kurdistan , Massoud Barzani, was stressed during the meeting on the continuation of cooperation and coordination for the Liberation of Mosul and efforts to restore stability and the expulsion « Daesh »from Iraqi territory and care for the displaced and planning for the post« Daesh », Abadi stressed« the importance of work to guide the international effort in favor of the unity of Iraq ». Abadi also met at his residence in Munich Italian Foreign Minister Angelito Alfano, the two sides discussed between the two friendly relations and common desire to foster in the economic, trade and cultural fields as well as the support provided by Italy to Iraqi forces and security services in the areas of training, and praised the prime minister 's position in support of Iraq , the Italian government in its war against terrorism and in the areas of support for the economy and the contribution of Italian companies in the reconstruction and stabilization and rehabilitation of dams, he said Italian Foreign Minister told Abadi: «entitled to your people be proud that your government is the reform and development , the government and they have the appreciation and respect of the international community, and we are eager to stand with you to face challenges and support your efforts to achieve the aspirations of the Iraqi people for security, stability and prosperity. » And search the Prime Minister Haider al - Abadi and Secretary General of the United Nations Antonio Guterres activate cooperation with the International Organization in the areas of care of the displaced and accelerate efforts to combat corruption and promote economic reform and drew Abadi during his meeting with UN Secretary - General in Munich , thanks to the efforts of the United Nations working in Iraq organization, were reviewed edit Nineveh process and the keenness of the Iraqi forces to protect civilians and welcomed by the crimes committed by the «Daesh» gangs against children and women and use citizens as human shields, for his part praised the secretary general of the government 's efforts and success in the liberation of the Iraqi cities and in the human side, restoring basic services to the liberated areas, expressing «ready international Organization to provide more support and humanitarian relief efforts. »

_firefly_ says(1:11 PM):

Abadi during his meeting with UN Secretary - General in Munich , thanks to the efforts of the United Nations working in Iraq organization, were reviewed edit Nineveh process and the keenness of the Iraqi forces to protect civilians and welcomed by the crimes committed by the «Daesh» gangs against children and women and use citizens as human shields, for his part praised the secretary general of the government 's efforts and success in the liberation of the Iraqi cities and in the human side, restoring basic services to the liberated areas,

_firefly_ says(1:12 PM):

and success in the liberation of the Iraqi cities and in the human side, restoring basic services to the liberated areas,

_firefly_ says(1:26 PM):

UN Giving a Voice to Youth for a Peaceful Iraq

Basnews English 19 February 2017 Kurdistan

UN Giving a Voice to Youth for a Peaceful Iraq

ERBIL —Youth are the key to the future of coexistence in Iraq and reconciliation would be incomplete without their input into the process, the United Nations stressed at the itinerary youth forum “Iraq: Youth and Coexistence” which stopped in Erbil on Saturday, 18 of February 2017 on the second of a series of cross-country events.

About 140 youth in the age group of 18-35 hailing from the provinces of Nineveh, Dohuk and Erbil participated in the Erbil leg of the forum, which was organized by the United Nations Assistance Mission for Iraq (UNAMI) in collaboration with the Iraqi Al-Amal Association. The aim of the series of forums is to give a voice to youth for its crucial role in charting the road to peaceful co-existence in a future Iraq. It is also a significant opportunity for the young generation of Iraqis across different backgrounds to deliberate on the post-conflict issues, engage in national reconciliation and voice their opinion.

The Erbil forum added value for including the displaced youth from Nineveh.

“This meeting carries deep significance, as it denotes fraternity among people in Iraq’s cities and regions, and it represents an important indication that the youth of Nineveh and its population, who have fallen under the cruelty of extremism and terrorism, actually have a desire to live in co-existence and peace,” said Deputy Special Representative of the Secretary-General (DSRSG) for Iraq for Political and Electoral Affairs, Mr. György Busztin, in the opening remarks.

The significance of input from the youth, who constitute the majority of Iraq’s population, was stressed again.

“You are the future of this country and the ones who are responsible for formulating its image in the days to come, therefore, any initiative for reconciliation and coexistence should include your view points. Otherwise, such initiatives would be deficient.”

_firefly_ says(1:27 PM):

You are the future of this country and the ones who are responsible for formulating its image in the days to come,

digiman1 says(1:28 PM):

sure :) i'll copy

_firefly_ says(1:26 PM):

UN Giving a Voice to Youth for a Peaceful Iraq

Basnews English 19 February 2017 Kurdistan

UN Giving a Voice to Youth for a Peaceful Iraq

ERBIL —Youth are the key to the future of coexistence in Iraq and reconciliation would be incomplete without their input into the process, the United Nations stressed at the itinerary youth forum “Iraq: Youth and Coexistence” which stopped in Erbil on Saturday, 18 of February 2017 on the second of a series of cross-country events.

About 140 youth in the age group of 18-35 hailing from the provinces of Nineveh, Dohuk and Erbil participated in the Erbil leg of the forum, which was organized by the United Nations Assistance Mission for Iraq (UNAMI) in collaboration with the Iraqi Al-Amal Association. The aim of the series of forums is to give a voice to youth for its crucial role in charting the road to peaceful co-existence in a future Iraq. It is also a significant opportunity for the young generation of Iraqis across different backgrounds to deliberate on the post-conflict issues, engage in national reconciliation and voice their opinion.

The Erbil forum added value for including the displaced youth from Nineveh.

“This meeting carries deep significance, as it denotes fraternity among people in Iraq’s cities and regions, and it represents an important indication that the youth of Nineveh and its population, who have fallen under the cruelty of extremism and terrorism, actually have a desire to live in co-existence and peace,” said Deputy Special Representative of the Secretary-General (DSRSG) for Iraq for Political and Electoral Affairs, Mr. György Busztin, in the opening remarks.

The significance of input from the youth, who constitute the majority of Iraq’s population, was stressed again.

“You are the future of this country and the ones who are responsible for formulating its image in the days to come, therefore, any initiative for reconciliation and coexistence should include your view points. Otherwise, such initiatives would be deficient.”

_firefly_ says(1:27 PM):

You are the future of this country and the ones who are responsible for formulating its image in the days to come,

digiman1 says(1:27 PM):

sure :) i'll copy

_firefly_ says(1:28 PM):

Mr. Busztin went on to present the significance of the participation of the youth in nation-building. As the beating heart, spirit and conscience of the nation, he added, youth are the guarantee for engendering and maintaining co-existence in this country.

The Erbil forum is the second of eight cross-country forums. The first was launched in Basra on 28th of January 2017 and brought together about 120 participants from the four southern provinces of Basra, Missan, Dhi Qar and Muthanna. Other conferences are to follow in the provinces of Salaheddin, Najaf, Diyala, Kirkuk, Sulaymaniyah and Baghdad, culminating in an overarching national conference in Baghdad in May to be attended by representatives of the youth to incorporate recommendations from these forums in the decisions that support the process of reconciliation and coexistence.

As with the format for all the conferences, the participants in the Erbil forum broke up into working groups to deliberate and respond to questions about what they would like to see in a future Iraq and how they can contribute. At the end of the meeting, the participants debated their responses and adopted a set of recommendations.

subgirl says to digiman1(1:28 PM):

can you copy one more time?

subgirl says to digiman1(1:28 PM):

oops lol

_firefly_ says(1:29 PM):

The Erbil forum is the second of eight cross-country forums. The first was launched in Basra on 28th of January 2017 and brought together about 120 participants from the four southern provinces of Basra, Missan, Dhi Qar and Muthanna. Other conferences are to follow in the provinces of Salaheddin, Najaf, Diyala, Kirkuk, Sulaymaniyah and Baghdad, culminating in an overarching national conference in Baghdad in May to be attended by representatives of the youth to incorporate recommendations from these forums in the decisions that support the process of reconciliation and coexistence.

_firefly_ says(1:30 PM):

in the decisions that support the process of reconciliation and coexistence.

_firefly_ says(1:30 PM):

reconciliation and coexistence.

_firefly_ says(1:35 PM):

Iraq’s economic reform program supported by the SBA aims to address the urgent balance of payments need, bring spending in line with lower global oil prices, and ensure debt sustainability. The program also includes measures to protect the poor, strengthen public financial management, enhance financial sector stability, and curb corruption. Iraq will require the support of the international community to implement these policies.

_firefly_ says(1:35 PM):

From the IMF

_firefly_ says(1:36 PM):

IMF quote:

_firefly_ says(1:36 PM):

Quote

The revised fiscal program in 2016 & draft budget in 2017 are aligned with the SBA–IMF’s Furusawa

_firefly_ says(1:36 PM):

Quote

The revised fiscal program in 2016 & draft budget in 2017 are aligned with the SBA–IMF’s Furusawa

_firefly_ says(1:37 PM):

tman23 says(1:38 PM):

BAGHDAD,— Iraq’s oil reserves have increased to 153 billion barrels, from a previous estimate of 143 billion barrels, Oil Minister Jabal al-Luaibi said on Sunday.

Iraq will ask the Organization of the Petroleum Exporting Countries to adopt the new figure as the official estimate for its reserves, he said in a statement.

The increased estimate is the result of appraisals and exploration carried out at seven oil fields in central and southern Iraq, he said.

(1:43 PM)DIGIman1.copy changed nickname to DIGIman1!

tman23 says(1:45 PM):

SO 153 BILLION IN RESERVES.......KURDS INTEREST IS 17% AS BY THE CONSTITUTION OR 26 BILLION BARRELS......@ $50 PER BARREL, 1.3 TRILLION TO THE KURDS......KURDS BUDGET 1 BILLION PER MONTH, 12 BILLION PER YEAR.......10 YEARS 120 BILLION TIMES 10 1.2 TRILLION OVER 100 YEARS........OR AS A COMMENTOR FROM KURDISTAN PUTS IT......so some 26 billion barrels is supposed to be the Kurdish share? and they want to declare independence?

_firefly_ says(1:56 PM):

The United Nations Development Programme (UNDP) signed a project document in Baghdad with the Office of the Prime Minister of Iraq to establish a Funding Facility for Economic Reform (FFER).

Through the Facility, UNDP will support the Government of Iraq to address key economic challenges and invigorate the reform agenda. Diversifying the economy, increasing national income, and improving the management of national assets will be of specific focus.

Deputy Chief of Staff of the Prime Minister, Dr. Naufel Al-Hassan, said:

“The Government of Iraq appreciates the support provided by UNDP to the implementation of the reform agenda announced by the Prime Minister, as part of a series of measures undertaken by the Government to boost the economy.”

UNDP Country Director for Iraq, Mr. Mounir Tabet, said:

“In the past years, Iraq has been burdened by enormous economic challenges that are straining the fiscal budget and affecting the livelihoods of thousands of people. Establishing the Funding Facility for Economic Reform provides an opportunity to expedite the Government’s reform plan.”

FFER will mobilize expertise to support the implementation of top priority reform initiatives under the leadership of the Office of the Prime Minister.

(Source: UNDP in Iraq)

Continue to Part 3 | Link to Part 1

Dinar Updates Daily Chat Log for Sunday 2/19/17 - Part 1

Dinar Updates Daily Chat Log

Part 1 - Featuring BGG


Doug_W says(6:07 AM):

GM Digi

Doug_W says(6:07 AM):

1/1

Doug_W says(6:08 AM):

it rained in Daytona last night so about 10 they postponed my race till 11 today..I am tired lol

digiman1 says(6:10 AM):

mornin doug

BGG says(6:12 AM):

GM GM GM!!

magnetlady says(6:25 AM):

Good morning all

BGG says to magnetlady(6:52 AM):

GM Mags.

(7:01 AM)THE OBSERVER - http://www.dinarupdates.com/observer/ - Save as a favorite... for Daily Dinar Commentary, Notices and Call banners!!

magnetlady says(7:30 AM):

morning BGG

magnetlady says(7:30 AM):

Sorry was off cleaning out some stuff on the computer.

magnetlady says(7:30 AM):

Now to get read for Church.

magnetlady says(7:31 AM):

ready*

(7:32 AM)magnetlady changed nickname to *MOD.magnetlady!

magnetlady says(7:32 AM):

oops, kicked myself.

Doug_W says(7:58 AM):

bbl Chris Wallace is on now

(7:58 AM)sagecanyon was kicked out by sagecanyon!

(8:01 AM)Be sure to join the Dinar Updates “private” FaceBook Group… https://www.facebook.com/groups/571383766355188/ (go here and ask to join… then add some Dinar Friends!!)

baxter says(8:32 AM):

Fox news just announced that Iraq has begun the western assault of Mosul....

baxter says(8:32 AM):

Kind of late... arent they?

jetset says(8:36 AM):

a smidge... (lol)

magnetlady says(8:42 AM):

OK all have to finish getting ready for church. See everyone this afternoon after handbell practice

(8:50 AM)MeginHim was kicked out by MeginHim!

(8:52 AM)MeginHim was kicked out by MeginHim!

loop says(8:54 AM):

Industry is discussing with the Industrial Bank ways to finance industrial projects

Business & Finance

Economy News / Baghdad ...

Undersecretary of the Ministry of Industry and Minerals Planning Mohammad Hashim Abdul Majeed with Industrial Bank Director Bilal al-Hamdani, the ways and mechanisms of action to finance industrial projects.

Majeed said during the meeting, according to a ministry statement received "Economy News," a copy of it, that "the ministry is keen on supporting and industrialists of the private sector as a key partner and strategic public sector in line government and orientation in light of the challenges faced by the Iraqi industry during the difficult past years, the economic conditions that Amrabha country. "

He showed al-Majid, the ministry is ready by the departments concerned to develop appropriate and effective mechanism in accordance with instructions and the central laws in force in order to serve both sides. "

For his part, the Director of the Industrial Bank on the serious desire for cooperation with the Ministry of Industry and Minerals through open an industrial bank in the ministry and he is currently the first step towards the liberalization of other industrial projects between the two sides.

loop says(8:54 AM):

loop says(8:55 AM):

Central bank: able to cover Iraq's international obligations

Banks

Economy News / Baghdad ...

The Central Bank of Iraq, Sunday, for his ability to cover Iraq's international obligations as well as foreign trade financing, as the emphasized that the country's reserves of foreign currency within the "international standards."

The governor of the central bank on the Keywords in a press conference attended by "Economy News" that "the bank is able to cover Iraq's international obligations and financing of foreign trade," stressing that "Iraq's reserve currency within the standards, and that the bank also covers the local currency by a large margin."

Keywords and added that "Iraq's debt ratio is acceptable compared to GDP, but should not exceed it."

loop says(8:55 AM):

loop says(8:56 AM):

emphasized that the country's reserves of foreign currency within the "international standards."

loop says(8:56 AM):

"the bank is able to cover Iraq's international obligations and financing of foreign trade," stressing that "Iraq's reserve currency within the standards, and that the bank also covers the local currency by a large margin."

loop says(8:57 AM):

Central Bank: the size of Iraq's reserves of foreign currency of $ 49 billion

Banks

Economy News / Baghdad ...

CBI, Sunday, confirmed that the size of Iraq's reserves of hard currency with a total of $ 49 billion (foreign currencies and gold).

The central bank governor said at a news conference attended by "Economy News" that Iraq's total foreign debt stood at $ 60 billion, including the Paris Club and the debt of Gulf states (Saudi Arabia, Kuwait) and creditors of Altjaran, either domestic debt amounts to 40 trillion dinars.

He called on the conservative media organizations not to be dragged into non Responsible statements that offend the financial and banking sector in Iraq, pointing to the importance of restoring confidence to the private banks being applied all international calibrator.

loop says(8:57 AM):

loop says(8:58 AM):

He called on the conservative media organizations not to be dragged into non Responsible statements that offend the financial and banking sector in Iraq

loop says(8:59 AM):

Keywords: private banks, their performance distinctive and are satisfied with it

Banks

Economy News / special ...

The governor of the central bank on the Keywords, Sunday, that the central bank was able to get up and banks lagging belg number eight banks out of 60 banks are working well and are satisfied with it.

Keywords and said in answering a question for "Economy News" hosted on the performance of private banks in the press conference held this morning, the two banks remained reluctant or three and work is under way on the correct path out of the 60 banks are working well and are satisfied with it.

He called on the Governor, Economic media not to be dragged behind the irresponsible remarks by some that distort the true picture of the banks and the role of development, calling for the need to spread the savings in private banks, the culture and restore confidence in them, especially the block that out Altdol accounted for 70 percent of the money supply, which will contribute to the revitalization of the market if it deposited in banks.

He pointed out the role of the Iraqi private banks association to adopt initiatives and important actualities that reflect the interest of the banks in the implementation of the required standards and guidance.

loop says(8:59 AM):

loop says(9:00 AM):

the performance of private banks in the press conference held this morning, the two banks remained reluctant or three and work is under way on the correct path out of the 60 banks are working well and are satisfied with it.

(9:01 AM)Check out THE BLOG - http://www.dinarupdates.com/blog/ - for the latest Dinar News, Documents and Call banners

loop says(9:02 AM):

Alak came out today punching the media for misreporting. Here he is saying the out of 60 private banks only 2 or 3 are not where they should be and they are currently work with them to correct this.

monique13 says(9:05 AM):

Thanks for bringing!

loop says(9:06 AM):

Remember ealier in the week a MP on the finance committee came out with the figure that the CBI reserves are 40 billion dollars and Alak came out today saying that the reserves are 49 billion dollars and that they are well within international accepted standards. In addition they the reserves cover the local currencie by a "large margin".

loop says(9:09 AM):

It's important to note that most countries in the world only have enough reserves to cover their currency by 10%. Iraq can currently cover their currency by over a 100%.

monique13 says(9:09 AM):

That's amazing!

monique13 says(9:12 AM):

So the 49 billion dollars is equivalent to US dollars or equivalent to dinar?

loop says(9:12 AM):

The Oil minister came out today with a revised oil reserve figure. 

loop says to monique13(9:12 AM):

Dollars

monique13 says(9:12 AM):

thanks

loop says(9:12 AM):

Iraq announces rise in oil reserves to 153 billion barrels

Twilight News
4 hours ago

Twilight News / said Iraqi Oil Minister Jabbar Luaibi, on Sunday, that Iraq's oil reserves have risen to 153 billion barrels.

He explained in a statement Allaibi Lord of Twilight News, "The exploratory activities in the reservoir (7) oil fields in central and southern Iraq have contributed to add the amount of 10 billion barrels of oil reserves."

The statement added that "this rise is Iraq's reserves had risen to 153 billion barrels after it was 143 billion barrels."

Allaibi He pointed out that "Iraq will ask OPEC to adopt it," expected "high volume of Iraq's oil reserves in the coming years thanks to the adoption of the ministry's plans and ambitious programs aimed at the intensification of exploration and reservoir activities."

loop says(9:13 AM):

So guess what Iraq is richer by 10 billion barrels of oil then previosly thought.

monique13 says(9:14 AM):

WOW!

bookumdano says(9:15 AM):

Wish I could find 10billion barrels of oil in my backyard.

monique13 says to bookumdano(9:15 AM):

Right????

loop says(9:17 AM):

And their cost per barrel to extract it out of the ground is much lower then most of the players in the region and the world. 

monique13 says(9:20 AM):

How is it lower?

loop says(9:21 AM):

It depends on the region and oil quality.

monique13 says(9:22 AM):

`ahh, ok

Doug_W says(9:29 AM):
.

loop says(9:29 AM):
For instance shale oil has a much higher break even compared to traditional crude. And it he traditional crude market it depends on whether many factors, but by in large has a much lower break even point. And if it is light sweet refinery costs go way down.

loop says(9:30 AM):

Iraq announces rise in oil reserves to 153 billion barrels

Twilight News
4 hours ago

Twilight News / said Iraqi Oil Minister Jabbar Luaibi, on Sunday, that Iraq's oil reserves have risen to 153 billion barrels.

He explained in a statement Allaibi Lord of Twilight News, "The exploratory activities in the reservoir (7) oil fields in central and southern Iraq have contributed to add the amount of 10 billion barrels of oil reserves."

The statement added that "this rise is Iraq's reserves had risen to 153 billion barrels after it was 143 billion barrels."

Allaibi He pointed out that "Iraq will ask OPEC to adopt it," expected "high volume of Iraq's oil reserves in the coming years thanks to the adoption of the ministry's plans and ambitious programs aimed at the intensification of exploration and reservoir activities."

loop says(9:30 AM):

One often-overlooked but very important point, however, is that break-even costs have fallen as companies have traversed the learning curve. In the early days of the shale boom, break even costs of $100/bbl were common. But oil prices remained at that level for a long enough period of time that operators gained a lot of experience in optimizing hydraulic fracturing in horizontal wells. As a result, the portion of the break even costs that are a function of the well cost and the amount of oil ultimately recovered steadily declined.

A 2009 filing by Brigham Exploration — later acquired by Statoil — demonstrates how oil well economics improved as more hydraulic fracturing stages were introduced to horizontal wells:

151019TESfrackingdemo

Source: Brigham Exploration SEC filing

loop says(9:30 AM):

dale says(9:31 AM):

Loop : (y)

loop says(9:31 AM):

Sorry must not have copied it correctly. here is the full article.

loop says(9:31 AM):

The Break Even Cost For Shale Oil

Robert Rapier ,

Contributor

I write about energy, the environment, and the economy.

Opinions expressed by Forbes Contributors are their own.

GARDEN CITY, TX: An oil well owned by Apache Corporation in the Permian Basin. (Photo by Spencer Platt/Getty Images)

I have heard many different numbers cited for the break-even cost of shale oil, but some context is required to properly address the issue. My colleague Art Berman covered a good bit of that context in an article here last fall called Only 1% Of The Bakken Play Breaks Even At Current Oil Prices. In his article, Art explained some of the variables in the economics of drilling for oil, but of significance he noted "There has been much debate about the break-even price for tight oil plays in the U.S. This discussion is largely meaningless because there is no single break-even price for any play."

Despite that, people often recite a single break-even cost for the Bakken or the Permian Basin, for example. As I explained to a colleague last week, the break-even cost varies from well to well and from company to company. As Art pointed out in his article, there are oil wells in the Bakken that probably break even when the price of West Texas Intermediate (WTI) is $30/bbl. That's because the break-even price is largely a function of the cost to drill and complete the well and the amount of oil that is ultimately recovered from the well. Some wells produce a lot of oil. But the amount of oil produced from a well can vary a great deal over the course of just a few miles, so you will see a wide range of break-even estimates for a single shale oil play.

It is perhaps better to think of break-even as a bell-shaped curve, where some wells in a shale play can break even at $30, 50% break even at <$60/bbl (for example), but then some small fraction on the far side of the curve don't even break even when oil prices are at $100/bbl.

The break-even price also depends on the company drilling for oil. Different companies have different business practices, utilize different technologies, and have different cost structures. Those factors will impact break even costs. A company that has too many wells on the far side of that bell-shaped curve is a company this is going to be in deep financial distress when oil prices are $30/bbl.

One often-overlooked but very important point, however, is that break-even costs have fallen as companies have traversed the learning curve. In the early days of the shale boom, break even costs of $100/bbl were common. But oil prices remained at that level for a long enough period of time that operators gained a lot of experience in optimizing hydraulic fracturing in horizontal wells. As a result, the portion of the break even costs that are a function of the well cost and the amount of oil ultimately recovered steadily declined.

A 2009 filing by Brigham Exploration — later acquired by Statoil — demonstrates how oil well economics improved as more hydraulic fracturing stages were introduced to horizontal wells:

151019TESfrackingdemo

Source: Brigham Exploration SEC filing

loop says(9:36 AM):

Iraqi businessmen and Jordanians are seeking investment promotion between the two countries

Business & Finance

Economy News / Baghdad ...

Search Today's meeting was held between the businessmen Iraqis and Jordanians in the Jordanian capital Amman, the Investment Authority bonds of economic and investment relations between the two countries.

He called on the President of the National Investment Commission, Sami al-Araji, to exert more efforts to overcome the obstacles that limit the flow of investments between the two countries, pointing out that this meeting comes as a continuation to follow the recommendations of the Iraqi Jordanian talks that took place in Baghdad recently.

He stressed the government's keenness on enhancing economic and investment relations with Jordan and the follow-up to what has been agreed between the recommendations of the prime ministers of the two countries during the recent Iraqi Jordanian talks in Baghdad to expand the horizons of joint cooperation between the two sides and at all levels.

In turn, he stressed Chairman of the Investment Jordanian body fixed Alor, the need to promote and strengthen the connection with economic activities in Iraq channels, noting that "investors and the Iraqi investments are greatly appreciated at all levels, and we deal with them in Jordan as strategic partners to establish fruitful partnerships contribute to the achievement of sustainable economic development ".

He explained, "that the kingdom ended all the constitutional procedures for the ratification of investment promotion and protection agreement with Iraq, which will contribute to promoting economic development and investment between the two countries wheel."

He said that "In spite of the experienced economic relations between the two countries of challenges during the previous period, especially with the continued closure of the Trebil border crossing, but we are in the UK, we look forward to the next stage of the re-activation of mutual relations in all fields."

The official Iraqi delegation currently visiting Jordan head of the Iraqi Economic Council and Ibrahim al-Baghdadi, head of the Iraqi National Business Council David Abdul Zayer and head of the Iraqi Businessmen Union is willing Blibl and head of the Iraqi Business Council Majid al-Saadi and a number of senior business and investment Iraqis.

loop says(9:36 AM):

loop says(9:37 AM):

Abadi adviser: to Amajaov of Iraq's debt at the moment

Reports

Economy News / special ...

The progress of the development policies of the Institute of Systems, on Saturday, an economic seminar carried the title of Iraq's debt actually economic consequences.

Terrace Dmahdi Hafiz session Commentator Dr. Salah Nouri al-Khalaf and lecturer Dmzar Mohammed Saleh, the financial advisor to the Prime Minister Haider al-Abadi.

Dr. appearance of Mohammed Saleh during the seminar which was attended by "Economy News" Baijasaly debt owed by Iraq and its effects on the Iraqi economy during the years of budget deficits since, and touched on the debt in the Paris Club to reduce and scheduling.

Saleh added, that the challenges facing Iraq and in the forefront of the war on Daesh terrorist and lower imports of Iraq because of the drop in oil prices pushed Iraq to the external borrowing from the IMF and other international financial Institutions Fund, which returned the debt problem to the forefront, and assured the audience that Amajaov debt despite the negative effects For now.

Saleh also highlighted, that the IMF lends to Iraq mechanisms of complex and varying degrees of benefits, and appealed to the Iraqi diplomatic Dmzar pressure toward debt reduction and cancellation by the Paris Club.

For his part, Commentator Dr. Salah Nouri al-Khalaf said the Office of Iraq declared in total transparency and the Supreme Audit audited their own accounts, including the application of the conditions and mechanisms for lending.

There were then discussions and numerous interventions made by the group of experts and interested participants revolved around ways to debt treatment and minimizing the effects and made proposals in this regard will be working on the studied and submitted to the concerned authorities, was emphasized on the need to exert pressure to return the money smuggled abroad as a recommendation important to address the debt raised .

In the intervention, economic adviser to the Association of Iraqi private banks Samir Nasiri, pointed out that there is already wrong policies led to the current situation. It must be a policy for the management of funds in Iraq at the present time. He called the economic elites to take action to bridge the budget deficit and the state must inform citizens on every detail, stressing that causes real internal borrowing is no longer only to the current economic situation, but rather return to the bad management of public funds and the shortcomings of the economic approach administration therefore is not established sovereign fund at a time of abundance, similar to oil-producing countries.

Alnasiri have wondered about the difference in prices between the estimated budget of $ 42 a barrel and the price of its current price, which reaches an average of 52 dollars, how are disposed to cover the deficit for 2017 and whether the budget extension will be issued at the end of the first quarter of this year to rooms inform the public of it.

loop says(9:37 AM):

Doug_W says(9:42 AM):

YAYY YAYY YAYYY I finally got my new speakers hooked up in surround sound

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