Thread: Archive News - Iraqi Dinar Think Tank - 24/01/201 - 23/07/2011

Iraqi Oil Workers Cheapest in the World

Local oil and gas workers in Iraq receive an average salary of nearly $22,000 per annum, the lowest in the sector worldwide.

Their foreign counterparts working in Iraq receive $94,800, according to a report from recruitment group Hays Oil & Gas.

Globally, oil and gas industry workers make an average of nearly $76,000 per year, with those in Australia making over $140,000.

http://www.iraq-businessnews.com/201...-in-the-world/

Iraq seeks to raise the capacity to export oil by 5% end of the year

The oil minister in the Iraqi government on Wednesday, for the establishment of a new system to begin to export oil work will be completed by the end of this year, saying it will add a 5% increase to the current export capacity.

Iraq has since the early eighties of the last century a wide array of export of crude oil with a capacity of Nominal 6.6 million barrels per day, including a double tube through Turkish territory to the Turkish port of Ceyhan on the card more than 1.6 million barrels.

However, the system suffered damage and neglect by the long years of war and siege, resulting in a negative impact on export capacity, which now stands at about two and a quarter of a million barrels a day.

He said the oil minister, Abdel Karim and coffee to the Kurdistan News Agency (Rn) that "the global giant and specialized systems, the establishment of export oil through the sea began to work the establishment of a new system," asserting that it "will add 5% to the current export capacity."

He explained that "the technical teams in the global oil company is in the process of mines marine survey length of 60 km in the Shatt al-Arab, as well as drilling operations and the settlement of the land under the sea in order to extend the new pipeline system to export."

The minister of oil and coffee hoped "the completion of the first phase of the establishment of the system before the end of this year."

Iraq has currently pipelines for exporting crude oil spread over the northern Gulf port of Basra card more than two million barrels a pipeline across Turkish territory card ranged between 400 and 500 thousand barrels per day.

The Iraqi government announced last year that it plans to build new pipelines to export crude oil through Syria, Turkey and the Gulf in order to accommodate the new production capacity expected to reach gradually to about 12 million barrels per day within the next five years.

She said the oil ministry on the eve of the announcement of tenders for the establishment of major new pipelines stretching from northern Iraq to the south, from east to west.

The Iraqi government announced the signing of contracts to build four new ports floating him to export crude oil through the Gulf of Basra, in addition to a port to export crude oil through the Turkish port of Ceyhan.

Regarding the impact of events in Libya on world oil prices, considering that Libya's most important countries in OPEC, said Iraqi Oil Minister that "the Kingdom of Saudi Arabia has a surplus of stockpiling oil can boost its global market and what can be said of its failure to Libya because of the events in which a lack of" , expressing his belief that "global oil prices remain the same during the coming period."

And disclosed to the coffee for the "Override Iraq's oil exports to more than 2.2 million barrels per day during the month of February last," explaining that "the amount of these exports has not achieved since 1989."

The oil minister said that "the Council of Ministers asked the Minister a plan for the next four years and submit them to study," stressing that "the prime minister to be submitted to the House of Representatives for their information."

The giant international companies in the energy field has won contracts through two rounds of licenses to develop 10 oil fields discovered untapped.

Although the Iraqi government predicted the arrival of its crude oil production to about 12 million barrels per day over the next five years, but experts have questioned the production and access to that goal, and said that seven million barrels a day was a reasonable figure.

http://www.aknews.com/ar/aknews/2/223985/

Zain Iraq expresses its regret of the Asia torrent to cut off contact with the figures at issue between them and the Telecommunications Authority

Zain Iraq, expressed regret about the decision of the Asia-Cell to cut service to communicate with numbers that are the subject of disagreement with the Alahlam and communications.

A statement for Zain Iraq, said the disconnect that would affect millions of citizens and participants of the Iraqis who are without service contact them.

The statement that it is inappropriate to comment on this issue at present to provide Zain Iraq's appeals court decisions of the official media and communications with respect to the fines imposed on the company.

He said the company is holding discussions with the company Asiacell on this issue, hoping to resolve the issue on the basis of signed agreements and international practice recognized.

Confirmed that Zain Iraq on its commitment to maintaining a high level of sound relations with the media and communications companies and other mobile phone.

The Company (Asia Cell) decided to cut communications between its subscribers and nearly 5 million a slide back to Zain Iraq is a matter of dispute between Zain and the media and communications, which imposed a heavy fine on Zain.

http://www.ipairaq.com/index.php?nam...onomy&id=36205

Iraq to tender port by end of this year

Iraq's transportation minister, Hadi al-Amiri has revealed plans to float a tender for building a multibillion-dollar port south of Basra by the end of this year, Reuters has reported. According to Iraq's plan, goods unloaded at the new port would then be loaded onto a new railway system and reach Europe overland more quickly than ships might reach Egypt's Suez Canal. The project will be built in two stages and is expected to take about four years to complete.

http://www.ameinfo.com/258535.html

Al-Maliki invites South Korean companies to invest in Iraq

Iraqi Prime Minister Nouri al-Maliki said on Wednesday that all doors are open to Korean companies to invest in Iraq and to contribute in reconstruction operations, according to an official statement.

“Al-Maliki received today at his office in Baghdad South Korean Minister of Economy Choi Joong-kyung and his accompanying delegation,” said the statement received by Aswat al-Iraq news agency.

“Al-Maliki received a letter from Korean president regarding developing ties and activating memorandum of understanding between the two countries,” the statement added.

“All doors are open to South Korean countries to invest in Iraq,” the premier asserted.
The Korean minister said he would hold meetings with electricity, industry, trade ministries and the National Investment Commission (NIC) to expand cooperation in different fields.


http://en.aswataliraq.info/Default1....page&id=141386

Hashemi: bureaucracy hinders investment in Iraq must be a correction in the administrative apparatus

Called on Vice President Tariq al-Hashimi to the corrective movement in the administrative apparatus, including the Iraqi and contribute to expand the horizons of national and foreign investment down to the level that achieves ambition.

And cross-Hashemi in his presence this afternoon ceremonial signing of the contract to build the health center in the district of Al-Zubair in Basra province, which was held at the headquarters of the Japanese Embassy in Baghdad as part of grant aid to small provided by the Japanese government for the feelings of thanks and gratitude to the people and Government of Japan for loans, grants, Japanese, and rehabilitation projects and training provided by the particular with regard to training and rehabilitation engineers and the oil ministry.

He noted that citizens in Zubayr, desperately need to develop medical and health services and this project in addition to being a will after the completion of medical services in the judiciary, the economic significance which will contribute to its creation through the provision of new job opportunities for unemployed young people.

He said: It is true that the small size of the project, but its symbolism for the Iraqi people will remember that the countries that stood with him and eased the pain and suffering throughout history and has been at the forefront of Japan initiated to provide assistance to Iraq.

With regard to the investment law, the current stressed Hashemi that despite the fact that the amendments made by the good and pave the way for investments and promising in Iraq, but bureaucracy has hampered a lot of investment opportunities in addition to the issue of allocation of plots for projects and lack of clarity in the relationship between ministries and provinces.

We have added problems of jobs and lack of services and Iraq needs a package of real reforms, adding: "The government committed itself to duration of the Hundred Days, and I hope to touch citizens improved after this period despite the fact that the challenge we face requires years, which requires the mettle of all and the rationalization of expenditures and the fight against corruption and to devote institutional work away from the quotas.

http://www.ipairaq.com/index.php?nam...onomy&id=36245

Economic Commission calls on the Iraqi trade to develop a new mechanism to deal with the ration

The member of the Economic Commission representative of the Ministry of the Federal Trade to address what he called the imbalance of the administrative and bureaucratic in the distribution of the ration card items in the next stage through the development of a new mechanism for distribution Ministry emphasizes that it will not delay in the distribution of the ration card items after over the crisis.

Abbas said Xiaa to the Kurdistan News Agency (Rn) announced today that "the Federal Ministry of Commerce is required to develop a mechanism to inform the Economic Commission on the distribution of the ration card items in the coming months."

He Xiaa that "the main factor that causes the stability of the distribution of the ration card items is to follow a mechanism of bureaucracy-free process that requires administrative legislation of new laws to deal with them in addition to the development of the cadres of the ministry."

And the parliamentary economic committee announced that the contracts and the Ministry of Commerce to provide a ration card items will be supervised directly by the Commission to prevent the spread of financial and administrative corruption.

He Xiaa that "the problem of the distribution of the ration card items may face a problem more complicated than the problem of financial allocations that have been overcome a crisis of governance and freedom from functional constraints, provided that the old Atsem at high percentages of administrative and financial corruption."

The Committee announced that development of the regions in the parliamentary earlier that the Ministry of Commerce have been allocated sufficient funds up to four and a half billion dollars within the budget of 2011 to meet the requirements for the provision of the card in front of Altamoinp no longer any justification for the delay in distribution.

For his part, Director General of the General Company for Grain Muthanna Jabbarl (Rn) that "the Ministry of Commerce came out of the crisis card items and the distribution plan has been developed in line for the delivery of the ration card items to all the provinces selected their time."

He added that "work is continuing by the staff of the Ministry to address the imbalance in the distribution of the ration card items by overcoming mistakes of the previous stage on the management of the distribution of the ration card file."

He pointed out that "the main factor that would have hindered the arrival of the ration card items is the lack of adequate allocations in addition to the failure of companies that are contracted in the delivery of the ration card items specified in the contract and its timing, which has already been exceeded with the present."

The Ministry of Commerce announced the Federal expiration shortage crisis in the distribution of the ration card items in all the provinces.

She also said it supports the distribution of the ration card items through the distribution system Alammerkzip order to delivery on a regular basis during the given period.

The House of Representatives rejected a proposal to convert a file the ration card to the provincial councils.

And cut off the Iraqi government earlier in the ration card items for senior staff and substantial financial income in order to provide the necessary funds to equip the citizens share enough

The financial allocations for the ration card in the budget year 2010 amounted to three trillion and 500 billion dinars (about 2,9 billion dollars).

Ruled out the Iraqi Ministry of Trade and cancel the distribution of the ration card items during 2011, confirming that it has a new plan for the advancement of quality food items to the card.

And complain the Ministry of Commerce of the lack of financial allocations to this, which hampers access in a timely manner.

The Iraqi Council of Representatives may be discussed on 23 November, Aktobralamadi the reality of the distribution of the ration card items and warned the government not to cancel the distribution under the pretext of international economic obligations.

The Ministry of Planning to be one of the most prominent obstacles to the advancement of economic reality in the country is the continuation of the government to distribution system ration card items after seven years of political change in the country.

The Ministry of Commerce announced it has completed the preparation of a new road map for the distribution of card items Altamonip emphasizes the necessity of giving priority to the poor in the country.

The Baghdad and several Iraqi provinces saw the launch of popular demonstrations called for the provision of basic services, jobs and Accounting spoilers and provide the ration card items.

http://www.aknews.com/ar/aknews/2/224090/

Saleh al-Mutlaq al-Maliki asked to resign if his government failed to within a hundred days

Deputy Prime Minister Saleh al-Mutlaq said the prime minister Nuri al-Maliki is one of the must resign after the deadline set by the hundred days of his government if it is proved that he is unable to respond to the demands of the demonstrators.

He described al-Mutlaq said in an interview with Reuters, Wednesday, Palmqubolp demands of the demonstrators, but said that if al-Maliki was unable to manage his Benjaa during the next three months a way that meets the aspirations of the people, it is obliged to resign.

Mutlaq al-Maliki stressed that the measures taken after the deadline set by the Hundred Days for himself and his government, urging him to replace the incompetent minister to others.

http://radionawa.com/ar/NewsDetailN....979&LinkID=158

Economists and Iraqi lawmakers call for legislation of new laws to support investment projects in the country

The number of economists and Iraq's parliament, on Thursday, to the laws of economic legislation in support of investment projects in the country. He said economic analyst and an official department of economic institution-term Abbas Ghalibi to the Kurdistan News Agency (Rn) "The investment environment in Iraq considered to be below the level of ambition" and called on Iraqi Council of Representatives that "the prescribed laws supportive of the Investment Law No. 13 of 2006."

"The main reason for the deterioration of the Iraqi investment during the last period due to the absence of laws dolly do banks work or oil or economic development as well as disruption of the security situation and poor performance of successive Iraqi governments."

He explained that "the economic situation in Iraq needs to complete environmental system to encourage investment in various industrial and banking sectors around the obstacles facing the implementation of investment projects such as land acquisition and investment mechanism and the relationship between the investor and the state."

The Investment Authority has confirmed that 2011 will see a noticeable improvement in the investment business in the country, especially in the implementation of service projects, indicating that the housing projects and basic services will be one of the priorities of its work. In turn, the economic expert, and teaching in the University Department of Accounting Mustansiriya Fadel Abdul Nabi's (Rn) "It is very important to restructure the investment and the formation of a council composed of the ministries of the State Economic and have no powers of work and extensive."

He pointed out that "the ministries are electricity, financial, trade and Municipalities and Public Works Construction and Housing and Planning, as well as the Central Bank and the Economic Committee in the House of Representatives to facilitate the investment business."

He continued by saying that "the Council will be one of the important pillars, which develops the capacity of investment business in Iraq in line with the aspirations of the Iraqi government in the implementation of the largest number of successful investment projects in the country."

The Iraqi government announced earlier this month it had instructed to activate the economic agreements on investment and development that have been neglected because of concern in the security file in previous years. It finds the head of Iraq's domestic investment, an organization working to bring public investment to Iraqi businessmen that "the law of 13 for the year 2006 seems to be initiated only for projects of foreign investment did not give any attention to local projects."

Ali Ramadan's net (Rn) that "the optimal solution to support investment in Iraq, is to modify the set of laws that relate to income at banks and create a system of laws balanced between domestic and foreign investment."

He added that "the problem of investment in Iraq need to study and careful review of the investment companies that give important projects and monitor their performance accurately."

And signed the national investment, at the end of last year, a Memorandum of Understanding with government banks to protect the funds of investment companies, which is building housing complexes, and called for the consolidation of central decision on investment projects for the advancement of the reality of the projects. On the other hand, said the decision to the parliamentary Committee on the development of regions for the worldwide abolition Ziad (Rn) that "Iraq needs a new investment code granted wider powers to the national investment which is assumed to be solely responsible for the investment projects in the country."

He noted that "the investment did not work during the last period to persuade the Iraqi government being able to attract well known international companies with experience in the establishment of investment projects in regional countries."

He criticized the government's optimism over reality "in the implementation of investment projects, however, actually refers to the need to amend the investment law or the enactment of the new, more freedom and there is no administrative bureaucracy."

Authority announced the national investment in earlier that the obstacle to attracting investment companies is Avaidip land and failure to protect the funds of the investors. And approved the National Commission for Investment in 2006 a new law to invest in Iraq, according to the law is the responsible for all investment projects strategy of a federal nature exclusively, while the regional and provincial bodies responsible for investment planning and granting investment licenses in their respective regions and make the House of Representatives large changes in the end of 2009. The Ministry of Planning said that the next stage requires a high-level effort towards activating the investment expected to enter the labor market in Iraq.

http://www.aknews.com/ar/aknews/2/224071/

Central Bank plans to build housing units and low cost in all Iraqi cities

A member of the Council of the province of Najaf on Thursday, the determination of the Iraqi Central Bank building and the role of low cost and sold to citizens in all governorates Hire.

Khalid said that the initiative Aljcami Central Bank includes the construction of hundreds of thousands of housing units throughout Iraq, including Najaf share of about 30 thousand units, indicating that this number will eliminate 75% of the housing crisis experienced by the province.

He added that the project includes a contract with the Central Bank of investment companies for the construction of the role of the low-cost bank pays directly to investment companies and allocated through the relevant ministries and provincial councils of citizens and citizen remain indebted to the Central Bank repaid within 25 years.

http://radionawa.com/Ar/NewsDetailN....944&LinkID=155