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

High proportion of the annual core inflation in Iraq, to ​​7.3%

Iraqi Central Bank said that the annual core inflation rose to 7.3% in the month of May, from 6.1% in April driven by the cost of imported goods and services especially in the health care sector.

Qasim said the appearance of the bank said a consultant inflation slightly this year but still under control, expressing Aakadeh that this inflation will not exceed the single digits.

He said the Iraqi Central Bank earlier said he expected annual inflation to remain in the single digits by the national program of ration, who helped absorb some price increases.

http://ar.radionawa.com/Detail.aspx?id=8605&LinkID=63

Baghdad and Washington signed an agreement for cooperation in the field of transport

The Iraqi government signed on Saturday, with the Government of the United States an agreement for cooperation in the field of transport, including civil aviation, railways and exchange experiences as well as supply Iraq with equipment for transport.

An advisor to the Minister of Transport Karim Nouri, told the Kurdish news agency that the agreement was signed by Iraqi director of the Civil Aviation Authority and the U.S. ambassador to the U.S. in Iraq, and that the Convention that took place also include the rehabilitation and development of Iraqi airports, rehabilitation and development of Iraqi ports, as well as import of aircraft for transport civil.

A statement by the U.S. Embassy in Baghdad that the visit comes within the terms of activating the Strategic Framework Agreement concluded between Iraq and the United States in 2008.

http://ar.radionawa.com/Detail.aspx?id=8552&LinkID=197

Ahmed al-Alwani: Nouri al-Maliki responsible for the extension or withdrawal of the Americans

A member of the House of Representatives for a coalition of Iraqi Ahmed al-Alwani, the responsibility to extend the stay of U.S. troops or withdrawal of the country is vested in the Prime Minister Nuri al-Maliki as a leader of the Armed Forces and Minister of the Interior and Defense Agency.

He said al-Alwani: "Everyone knows that the Strategic Framework Agreement, or the security agreement provides for American forces to leave the end of 2011, after Iraqi security forces are able to musk the security file in full.

He explained that the talk of carrying the House of Representatives responsibility shake the survival or the withdrawal of U.S. forces this is not true because the only party to take such a decision is the commander of the armed forces, he said, that the parliament role is limited to voting on decisions made by the government and therefore it is not the validity of the Parliament.

The leader of the Iraqi List, Iyad Allawi, a student, in the 13 last April, the Commander in Chief of the Armed Forces and Prime Minister Nuri al-Maliki a clear position from the survival of U.S. forces or the evacuation, saying that the security agreement between Baghdad and Washington are still vague.

http://www.alhalnews.com/news.php?cK...key=1308381665

Najafi: Adoption of a new security pact with Washington is difficult in the current situation

The head of the House of Representatives Osama Najafi that any decision on new security arrangement with the United States will be a difficult decision in light of this complex political situation in the country, noting that this decision will not depend on the need for Iraq, but rather on the needs of each political party for the presence of U.S. troops or not.

Najafi said during a meeting with a delegation from the United States Institute of Peace that the convergence of views between the political blocs does not take place until the implementation of all the terms of the Erbil, pointing to the need for Iraq to the international community's efforts for the success of the democratic experiment.

He considered that the two key issues Nujaifi inhibit the stability of the democratic process are outside interference in the country and the tendency to monopolize power in the dictatorship, which began to grow when some Iraqi leaders."

http://www.baghdadpost.net/view.8554/

Source: meeting Talabani prepares to hold a mini-summit gathering of leaders of blocs

early detection, a political source, on Monday, that most of the leaders of political blocs gathered today at the home of President Jalal Talabani to create an atmosphere for holding a mini-summit gathering of leaders of blocs in the country.

The source said in an interview ( twilight ) "President Talabani sponsors most of the day meeting brings together leaders of political blocs to discuss a compromise formula to get out of the political crisis experienced by the country."

And that "today's meeting will come out about something or the decision crystallizes the political situation, but it is a meeting moisturizes the air and positioned to hold a summit gathering of leaders of blocs and activating the agreements of Arbil."

Some argue that the country is in crisis, a real political is not to implement all the initiative of Arbil and led the formation of the policies and naming candidates baggage security, in addition to the tense relationship between a coalition of state law and the Iraqi List, the accusation recent state law disclaimer all agreements Erbil by refusing to vote on the law Policy Board within the Council of Representatives.

According to informed sources, the meeting today will see the absence of the President Masoud Barzani, the leader of the Iraqi List, Iyad Allawi, leader of the Sadrist movement and Muqtada al-Sadr's parliament speaker Osama al.

Allawi yesterday and I apologize to President Talabani to attend the meeting for reasons he said her health, and will send one of his associates to represent him at the meeting, according to a statement issued by Talabani's office

http://www.shafaaq.com/sh2/news/iraq...-08-07-28.html

House of Representatives approves the loan

House of Representatives passed, on Sunday, the notes and letters, and included were the Japanese loan of eighty-seven billion, eight hundred and forty million yen to finance a number of electrical projects and water.

And A statement of the Department of the media in the Council that the law was to rebuild and reconstruct Iraq and to promote economic stability and efforts to restore infrastructure and enhance financial relations between Iraq and the State of Japan.

He added that the loan will be invested in the financing of water supply project in central and western Iraq, the amount of 141,274 million yen, and the construction of gas station crutch of $ 229,570 million yen, the construction of hydroelectric station Drlok at $ 316,996 two million."

The signing of the notes and letters came after talks on 21 February 2010 between the Minister of Finance of the Republic of Iraq and the Ambassador of Japan to the Republic of Iraq.

http://ar.radionawa.com/Detail.aspx?id=8615&LinkID=63

New Wells at Shell’s Majnoon Field

In July, Shell will start installing 15 production wells and pipelines in the Majnoon oilfield in southern Iraq, Vice president and country chairman Hans Nijkamp told the website of Energy Exchange.

It will also upgrade two degassing stations and build “a new central processing facility to include two new 50,000 bbl/d capacity early production systems”.

Shell has concluded a geographical survey that produced “positive results” about the southern Shatt al-Arab waterway’s ability to handle equipment needed to develop the Majnoon oilfield. “We are now able to use it as a route to transport equipment to Majnoon and minimize road transport .. We are also in the process of constructing a jetty.”

Together with Petronas of Malaysia, Shell won a 20-year service contract in 2009 to raise output from Majnoon to 1.8 million barrels a day. Shell Chief Executive Officer Peter Voser said in October that production at Majnoon had risen to 70,000 barrels a day. The oil field, which straddles the Basra and Maysan provinces, has estimated crude reserves of 12 billion barrels and 9.5 trillion cubic feet of gas.

http://www.iraq-businessnews.com/201...majnoon-field/

Shell ‘Ready to Start’ $12.5bn Gas Capture Project

Shell and Mitsubishi are preparing to begin a delayed $12.5 billion natural-gas project in Iraq, according to a report from Bloomberg.

Vice president and country chairman Hans Nijkamp said in an interview published on the website of Energy Exchange, organizer of an Iraqi energy conference to be held in Istanbul in September:

“Shell and Mitsubishi are now ready for execution of the project. We are working with our Iraq partners to reach final agreements as soon as possible … A number of external reviews have been carried out by international firms on behalf of the Ministry of Oil and it has also taken Shell 250,000 engineering man-hours on site to assess the scope of work.”

The project with Shell and Mitsubishi involves developing and capturing gas that is being flared, or burned off, in southern Iraq. Some 700 million cubic feet are flared daily in the south of Iraq and the quantity is sufficient to generate an estimated 4,500 megawatts, Nijkamp said.

http://www.iraq-businessnews.com/201...pture-project/

UPDATE: Iraq Shortlists 4 International Firms For Basra Oil Terminal

Iraq's South Oil Company, the largest government utility by crude oil production, has shortlisted four international companies for the contract to build a loading terminal at the southern port of Basra, with a value of $500 million, a person at the company said Monday.

"We are assessing four commercial offers submitted by international companies," the person told Dow Jones Newswires by telephone from Basra in southern Iraq.

The Single Point Mooring buoys, which would be able to handle some 900,000 barrels a day of oil exports, would be funded by the Japanese International Cooperation Authority, which is part of the $5 billion that Japan pledged to Iraq in 2003.

The contract would also include laying a 50-kilometer pipeline from the crude oil gathering depots in the Faw Peninsula in Basra to the new terminal in the Persian Gulf.

The new SPM buoys will be the fourth the company is building in the Gulf after awarding a $733 million contract last year to Foster Wheeler Ltd. (FWLT) and Leighton Offshore Private Ltd. to build 3 SMPs and two pipelines, each 50 kilometer long.

The entire SOC project, expected to be worth $1.4 billion, aims to ease bottlenecks at Iraqi export terminals and will raise export capacity from 1.8 million barrels a day now to 4.5 million barrels a day by the end of 2012.

The first SPM is expected to be completed in November, adding some 900,000 barrels a day to Iraq's southern export capacity, Iraqi oil minister Abdul Kareem Luaiby said recently.

http://www.zawya.com/story.cfm/sidZW...a_Oil_Terminal

Lanco Infratech bags Rs.365.28 crore order in Iraq

Infrastructure firm Lanco Infratech Limited (LITL) Tuesday said it has bagged an order worth Rs.365.28 crore ($81.33 million) for a power plant in Iraq, its first international engineering, procurement and construction order.

The scope of the work includes complete engineering, procurement and construction of an open cycle gas-based thermal power plant with two frame gas turbine generator sets supplied by General Electric International.

The project is scheduled to be completed in 16 months for which a dedicated project team has already been identified and put in place.

"This is a major milestone for us as it is in line with our strategy to win external contracts," LITL executive chairman L. Madhusudhan Rao said in a statement.

http://mangalorean.com/news.php?news...&newsid=246409