Latest Posts

Iraq Stock Exchange (ISX) and the Dinar

by Robert Hoffman ~ February 27th, 2010

The Iraq Stock Exchange is traded in the countries currency of Iraqi Dinar.  When each share is purchased in Iraqi Dinar the equivalent in U.S. Dollars is staggering.  Let’s look at an example:  A popular bank on the Iraq Stock Exchange is Commercial Bank of Iraq (BCOI).  The closing price this week was 1.40 dinars.  This is equivalent to 1/8 of 1 penny in       U. S. dollars.  Now, see why this could get real good real quick.  We’ll have more to follow on the ISX in the coming days/weeks.

U. S. Companies set to Profit from Iraq’s Oil Industry

by admin ~ February 26th, 2010

U.S. companies went home from the December auction empty-handed, although they were somewhat more successful in the June bidding, when Exxon Mobil, after protracted negotiations, eventually won the right to develop the West Qurna 1 field in a partnership with Shell. The only other U.S. company that will be producing oil in Iraq is Occidental Petroleum, as junior partner in a deal with Eni, of Italy, and Korea Gas, of South Korea, to develop the Zubair field.

Still, in the oil-services sector, U.S companies are likely to do better. The success of the auction in December “implies a huge amount of service activity over the next two or three years,” Andrew Gould, chief executive of Schlumberger, the oil field services giant, said during a conference call from Houston.

Halliburton, Schlumberger and Bechtel are among U.S. companies in line to win contracts worth billions of dollars to repair pipelines, rebuild terminals and upgrade other infrastructure so that Iraq will be able to bring its crude oil to market, industry analysts say.

A revitalized Iraqi oil sector would challenge the pecking order in OPEC and weaken Saudi dominance as the world’s “swing producer” – the single mega-producer that in the past has been able to tweak the global price of oil by adjusting the spigot of its own production.

Iraq’s Oil Production Future, “Amazing”

by admin ~ February 25th, 2010

This month Iraq will finalize contracts with the likes of ExxonMobil, Royal Dutch Shell and BP to develop some of its biggest oil fields. These giants are among the world’s last remaining pockets of so-called “easy oil.” They don’t require ultra deep drilling or innovative production techniques, just the application of Big Oil know-how. No wonder the oil companies agreed to develop Iraq’s fields without even getting an ownership stake in the fields and collecting as little as $1.15 per barrel recovered.

Iraqi Dinar or Dinar Speculation, Is It a Good Thing?

by Robert Hoffman ~ February 24th, 2010

Iraq is experiencing incredible growth.  Record investments from bordering nations wanting to be part of the future are being seen.  Businesses popping up in every industry are in record numbers.  The country has signed oil development contracts which will put them in a position to produce record amounts of oil over the next ten (10) years.  Does this justify buying the Iraqi dinar?  Remember, Rome wasn’t built in a day and good things come to those who wait. 

In the coming days we will be giving you an inside look to how changing of a country’s currency comes about.  Is this possible for Iraq?  Check back and find out.  In the mean time check out what the Admiral says about that very subject on our 7 minute video on You Tube.  The whole 30 minute show on Dinar featuring Admiral David Nash (the man selected by the United States government to rebuild Iraq) is airing in selected markets right now around the country.  We will have the full version on our site in the coming months.

Iraq Prepared for Elections a Major Feat

by admin ~ February 22nd, 2010

Cautioning against the “persistent skepticism and impatience” that characterized much of the discourse on Iraq, the top United Nations envoy in that country told the Security Council that preparations for next month’s general elections were nearly complete, and with close to 19 million Iraqis expected to cast their ballots, even those determined to disrupt the poll and derail national reconciliation through violence could not reverse Iraq’s progress.

“The determination of the Iraqi people to resist the return to the perils of the past is real and strong — stronger than the heinous forces behind the attacks,” said Ad Melkert, head of the United Nations Assistance Mission for Iraq (UNAMI), as he briefed the Council on the Mission’s activities, and highlighted the support the United Nations was providing the Independent High Electoral Commission ahead of the 7 March ballot, which would mark the transition to the second full term of a democratically elected parliament.

Infrastructure was in place to enable approximately 18.9 million Iraqi’s to vote at some 48,000 polling stations on Election Day. Preparations were under way to enable Iraqis in 16 countries with large Iraqi communities to vote overseas. He cautioned that security was vital both for the integrity of the election process and voter confidence, and that electoral monitoring were important to ensure credibility and oversight. The United Nations was helping civil society take on that role by funding the training of more than 29,000 domestic election observers.

Iraq’s Oil Production Becoming a Force

by admin ~ February 21st, 2010

The director of Iraq’s State Oil Marketing Organization said Feb. 4 that Baghdad will not consider participating in the Organization of Petroleum Exporting Countries (OPEC) export quota system until Iraq’s oil production doubles to at least 4.5 million barrels per day (bpd). Iraq’s resistance to being reintegrated into the quota system will make a number of key oil-producing states nervous, especially since the country has recently awarded oil development contracts that will aim to increase its production to an estimated 10-12 million bpd by 2025.

But the development work already under contract has the potential to raise output levels to 10 million to 12 million bpd by 2025, a level that rivals that of Saudi Arabia and Russia, the world’s top two energy producers. That figure does not include known fields yet to be auctioned or fields that have not yet been discovered; given Iraq’s 1980-88 war with Iran its 1990 invasion of Kuwait and subsequent sanctions and the fallout from the 2003’ U.S. invasion, there has been minimal oil exploration in the country since 1979.

Invest in Iraq (Iraqi dinar, dinar or Iraq Stock Exchange) a Yes or No question.

by admin ~ February 20th, 2010

Many questions swirl about Iraq and its potential for investment and return.  Five (5) years into the rebuilding, how much progress have we seen and is now the time to get involved.  These are questions asked of us by many people hear in the states and when we travel to border nations of Iraq (because we do it so much).  We aren’t investment advisors and will never give any type of advice.  But we suggest you check back often because we will give you a look into Iraq and constant information which may help in your decision making process.

 We now have the only brokerage firm we know of in the Middle East (outside Iraq) opening accounts for people to trade the ISX.  We know of no other firm outside Iraq which does this.  This is because of DINARINC relationships in the Middle East this came about.

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