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

A parliamentary committee: We will not allow a fourth with a round licenses without the approval of oil and gas law

He is a member of the Commission on oil and energy parliamentary Friday, the Commission decided not to do the fourth licensing round for oil there is no legal justification to hold them at the present time without the adoption of the law of oil and gas.

Said Furat al-Shara told the Kurdish news agency that the Committee on Oil and Energy has prepared a statement read at the meeting of the House of Representatives calling for the Oil Ministry to take the committee's approval or waiting for the oil and gas law in determining the date for the fourth round of licensing.

He added that the Energy Commission believes that there are legal and technical problems should be addressed by the ministry before heading towards the holding of the fourth round of licensing and presentation of 12 sites for exploration by international companies.

http://ar.radionawa.com/Detail.aspx?id=8473&LinkID=197

Energy Commission is seeking to revive the law of the national oil company

trying to Committee on Energy and oil to speed up the legislation the law of the national oil company. A member of the Committee on Energy and Oil and parliamentary deputy / Kurdistan Alliance / Bayazid Hassan in a statement to the Contact Agency (news) on Saturday: it is necessary to revive the law firm national oil again, since it represents the importance of oil in the extraction and marketing.

If this law stopped in the eighties, so we seek to bring him back, which consists of sections and the Southern Oil Company and Nissan North and center.

He called Bayazid to accelerate legislation of this law after discussions with relevant experts in this aspect, pointing out that this law needs to be a political consensus to pass in Parliament.

He added: There are three laws help to raise the oil sector, which is (the law of new oil and gas, and the national oil company, and the law of the sharing of oil revenues and this law is governed by the distribution of the oil sector in Iraq.

http://www.ikhnews.com/news.php?action=view&id=15186

A source in the Iraqi's (full): Allawi, frustrating the performance of their leaders and expected to announce their withdrawal from the government on Thursday

A source in the Iraqi List, said the leader of the list is now living in a very difficult psychological conditions, a very disappointing performance from the other leaders of the Iraqi List.

And managed the Iraqi List of 5 members are Tareq al-Hashemi (President a list of renewal) and Saleh al-Mutlaq (leader of the National Dialogue Front) and Osama Najafi (president of the Iraqi), Rafie al-Issawi, as well as its leader, Iyad Allawi, president of the National Accord Movement.

And detect the source, who preferred anonymity said in a statement singled out by the (full) (and the news agency the dawn of peace) that the leader of the Iraqi List, Iyad Allawi predicted that the Iraqi leaders to announce their withdrawal in the tensioner journalist held by the leaders of the list on Thursday and was attended by almost all members of the Iraqi.

The Iraqi List, announced on Thursday a joint statement read by the leader of the National Dialogue Front, Saleh al-Mutlaq and appealed to the existing coalition of state law to abide by the terms of the Convention of Arbil and the rule of law was granted another chance, and condemned what it called (the suppression of the demonstrators).

The source added, "We have sought to satisfy Kiedio Iraqi leader Iyad Allawi's list during a press conference organized by list, however, that the press release was unmet ambitions to head the list (as he put it).

And witnessing the situation between Iraq and a coalition of existing state law a serious crisis after a series of accusations attacked by Iyad Allawi, the head a coalition of state law, Nuri al-Maliki, accusing him of bullying the foreigner, prompting a leading component of the Dawa Party, the president of a coalition of state law to sue the Iraqi leader.

http://waf-news.com/index.php/permalink/3186.html

Iraq: Thriller withdraw confidence from Allawi mean they fear our demand accountability Nuri al-Maliki

Revealed a spokeswoman for the Iraqi List, Maysoon al that raising the withdrawal of confidence from Mr. Iyad Allawi of the Parliament means that they fear the Iraqi list of demands calling for accountability of Nuri al-Maliki.

Damluji and confirmed that he can not state law or the National Alliance, may withdraw confidence from Allawi in the House of Representatives.

And on the initiatives said Damluji that "talk being about the existence of the initiative of President Jalal Talabani and the other to Mr. Muqtada al-Sadr to reconcile the political parties, but that these initiatives will not lead to problems between my Iraqi rule of law. explaining, " We are waiting to know the content of initiatives, we We do not know anything about their content, and we heard them through the media. noting "that the Iraqi List, is still committed to the initiative of the President of Kurdistan, so call to activate this initiative . and saw the relationship between a coalition of state law and the Iraqi List, strained to the extent of the exchange of messages between al-Maliki, Allawi about disabling the principle of national partnership.

http://khabaar.net/index.php/permalink/3943.html

Economic concerns of the inability of Iraq to provide permanent protection for its oil revenues

The number of Iraqi economists fear of the inability of the Iraqi government in the provision of legal mechanisms to protect Iraq's oil revenues after next June.

The economic expert and member of the Higher Council for trading cash Shaker Abdullah Zamili of Kurdistan News Agency (Rn) that "financial institutions in the Iraqi government is unable to provide protections solid after next June, unless the works to address gaps banking government and the evolution of the performance of private banks to share the process of the protection of Iraqi funds from behind the oil revenues. "

He added that "the Committee headed by Deputy Prime Minister Nuri Shaways Rose does not use economic expertise, foreign and international financial centers that would put an end to claims of trade creditors."

He pointed out that "Iraq has to work in earnest to form a higher committee to coordinate with foreign banks to prevent the freezing of bank accounts of Iraqi funds."

In turn, economic expert and member of the organization People for the protection of Iraqi funds Bahaa Al Jabri (Rn) that "the Iraqi money is supposed to start laying the foundation for the banking and legal protection of trade creditors this month."

He added that "Iraq is essential for him to agree with the banking companies worldwide do not have branches in countries that claim to require Iraq large sums, such as Kuwait and Saudi Arabia and Egypt as well as to develop a system of protection-mail (opil sugp) which is to prevent any internal manipulation of the money deposited only with the consent of the depositor of money ".

He said, "One year not enough to put cash and legal protections needed to solve the problem of the economic capacity to reach the final and permanent protections for Aazdat oil in Iraq."

In turn, said a member of the parliamentary Economic Commission Salman al-Moussawi (Rn) that "the Economic Commission agreed with the government being able to extend the protection of Iraqi funds for another year as booming strategic framework agreement with Washington."

He added that "the government will continue to provide reports on an ongoing basis and will be the main issues that stand as an obstacle to trade creditors and file protection for the final proceeds of Iraqi oil."

He pointed out that "the parliamentary Economic Committee works in coordination with the State Commission on the provision of banking controls necessary to prevent any tampering with Iraqi money by trade creditors."

http://www.aknews.com/ar/aknews/2/247398/

Kuwaiti group seeks investment in Basra

Basra's Investment Commission announced today that a Kuwaiti group visited its premises to show engineering designs for a number of projects, in addition to be acquainted for possible investment projects in the province.

Director of the Commission Haidar Ali Fadhil told Aswat al-Iraq that the delegation proposed a palm tree plantation, concrete factory, and 5-star hotel on Shatt al-Arab banks.

Both sides discussed possibilities of investing Iron and Steel Factory in the province as well as solving its hindrances.

Fadhil added that "proposed to them building a strategic recreational city with a space of 300 donums.

The group, BouKhamseen, is one of major 17 international companies specialized in housing, hotel building, infrastructure, water and oil, with big investments around the world.

http://en.aswataliraq.info/Default1....&id=143258&l=1

Central Bank of Iraq opens its weekly auction by selling 158 million dollars

The Central Bank of Iraq (CBI) has opened its weekly sales session on Sunday by selling US$158 millions in its auction to sell and buy foreign currencies, on basis of an exchange price of 1,170 dinars per dollar, compared to its previous session that recorded 180 million dollars.

“The total size of demand on the U.S. dollar has reached 159 millions and 191,000 dollars, covered by the CBI, on basis of 1,170 dinars per dollar,” the CBN’s bulletin, received by Aswat al-Iraq on Sunday, reported.

The CBI’s sales during the previous session had reached US$180 millions and 717,000, distributed on cash sales for 6 millions and 280,000 dollars, for 1,183 dinars per dollar, including the CBI’s 13 dinar interest for each dollar.

The sales of transfers abroad had reached 151 millions and 911,000 dollars, on basis of an exchange price of 1,183 dinars per dollar.

http://en.aswataliraq.info/Default1....&id=143250&l=1

Steps to rebuild Iraq's oil industry

Among U.S. officials that American experts have advice for the Iraqi Oil Ministry on ways to increase its oil production without seeking preferences for U.S. companies, where control of 4 companies oil services subsidiary American giant to rebuild the field of oil industry in Iraq. The newspaper (New York Times) American that when progress Iraq tenders for the reconstruction and expansion of the oil industry sector in the country two years ago, has made Russia's LUKOIL-jeou won a historic political victory much of the tenders.

She stated that because of the victory of one U.S. company Exxon Mobil, which is tender to build a field and one out of 11 fields subjected them the Iraqi government that has seemed a little bit of oil will flow benefits to the country, who took the lead in the war on Iraq, the United States.

She noted that the outcome of tenders helped to defuse the criticism in the Arab world that the United States invaded Iraq for its oil. The newspaper quoted Iraqi government spokesman Ali al-Dabbagh as saying 'no one, even the United States, could steal the oil'. It quoted U.S. officials as saying that American experts who provided advice to the Iraqi Oil Ministry on ways to restore and increase oil production in the country, did so without seeking any preferences to U.S. companies.

She noted that Lukoil and many international oil companies that won the tender contract currently in often with 4 services companies U.S. oil is a global leader in its field, is Halliburton, and Baker Hafs, and Odhirwold International, and Scalambergr '. And won the U.S. companies the four most sub-contracts for oil exploration, building wells, and the renewal of old equipment. Said Alex Munton, analyst Company research and consultancy Wood Mackenzie, said that 'Iraq is an immense opportunity for contractors. "expected to go half of the $ 150 billion, which is expected to invest international companies in the Iraqi oil fields over the next decade, to companies contracting subsidiary responsible for exploration, mostly to U.S. companies the four mentioned. The professor of peace studies and global security at the University of Hampshire, U.S. The U.S. oil services companies are generally dominant in the Middle East and globally because of the advanced technology excavated, and therefore is not surprising that undermine ranks first in Iraq, whatever the phenomena of diplomacy.

http://www.alsabaah.com/ArticleShow.aspx?ID=9552

View contract worth $ 106 million on groups of companies (Dodsal) oil

An Iraqi Southern Oil Company, in coordination with its partners such as Dutch Shell, and Petronas of Malaysia, a contract for the installation of an oil pipeline from the Majnoon oil to export terminals in Basra, the oil Dodsal Arab Emirates.

The website quoted the U.S. (Fox Bzenz) for the project manager for the joint oil fields, Majnoon Mehdi Badi as saying that "the draft contract, which included the transportation of oil fields, crazy oil export terminals in Basra, was sent to the Iraqi Oil Ministry to approve it."

According to the draft contract, rests with the UAE an important Dodsal Ananwib inauguration of the transport of oil along the 73 km, in order to transport crude oil from the island of crazy to the port of Zubayr in southern Iraq, for the sum of U.S. $ 106 million."

The Majnoon oil export 60 thousand barrels of oil a day and is expected to increase its production in 2012 to 175 thousand barrels of oil per day.

http://www.aknews.com/ar/aknews/2/247387/

URGENT: Baghdad’s rehabilitation needs US$15 billions (b) in 10 years, apart from infrastructure costs

The rehabilitation of the Iraqi capital of Baghdad needs 15 billion (b) US dollars in 10 years, apart from the costs of its infrastructure, Baghdad’s Lord-Mayor said on Sunday.

The Lord-Mayor of the Iraqi capital of Baghdad, Sabir al-Issawi, announced the said figure in his answer for a question, addressed for him by Iraq’s Prime Minister, Nouri al-Maliki, in a meeting attended by chairmen of the Independent Commissions.

http://en.aswataliraq.info/Default1....&id=143246&l=1