Thread: Iraq/Dinar News. (before Jan.20,2007)

President Talabani : the establishment of security and stability in Iraq will provide the necessary ground and the appropriate atmosphere for the development of relations with Syria

January 17, 2007
His Excellency the President of the Republic, Jalal Talabani, that the solution to the security file, and the establishment of security and stability in Iraq will provide the necessary ground and the appropriate atmosphere for the development of bilateral relations between Iraq and Syria, which is inevitable between the two countries.
This came during a series of meetings conducted by His Excellency on Tuesday 1-16-2007, at his residence in Damascus with senior Syrian officials, including President Bashar Al-Assad, during which it reviewed the findings of the Iraqi officials and the Syrians during their meetings and address ways Co-development of bilateral relations and efforts to achieve national reconciliation in Iraq.
These meetings begin receiving His Excellency Vice-President Dr. success Attar and discussed with President Talabani bilateral relations and the need to develop and prepare the ground for it.
He also met with His Excellency and Syrian Foreign Minister Walid Al-Muallim, who said after the meeting that "the visit of President Talabani, a historic visit and will Mertsmat strategic relationship between the two countries." And added that "the common concern of the situation in Iraq, especially on topics related to the stability, unity and independence of Iraq". And the Syrian Foreign Minister that the meetings are still going on between the two sides and that "the will of the political leadership is to ensure the continuation of relations."
And in turn, said Dr. Rafie Eissawi, Minister of State for Foreign Affairs who attended the meeting said that this visit included representatives from the components of the Iraqi people as well as the executive officials, and that the talks are still ongoing between the parties, "You better after the end of these talks."
And the subsequent meeting, a venue for frank with the Vice-President Farouk Al-Shara during which it discussed bilateral relations and the necessity of cooperation of the two countries in the areas of security.
The President and his morning meeting with President Bashar al-Assad, who established a luncheon for President Talabani and his accompanying delegation.
, Met with His Excellency in the same evening, Dr. Mohamed Naji Al the Syrian Prime Minister, where, during which bilateral relations and ways of developing in the economic and trade and the role of media in creating the necessary ground and the appropriate atmosphere for the promotion and development of these relations.

This is a long one

(Voice of Iraq) - 17-01-2007 | Sotaliraq.com

A new law with the consent of American determine the future of the Iraqi oil industry
Kamil Mahdi life-17 / 01 / 07 / /

Draw attention coincided American administration's decision to hand over Saddam Hussein to hang with the announcement of the Deputy Prime Minister Barham Salih to agree on a draft of the new oil wealth, and the effects of the fears that the implementation of the decision not be used to cover the penalty issue of oil at this time. The law has been drafted in utmost secrecy, and away from the Iraqi public opinion. The draft available to the American government for months, according to the minister during his visit to the American capital Baghdad last fall.
The report on the Baker-Hamilton American policy in Iraq stressed the pressure for the issuance of the new law. Refinery Najaf (AFP)


It seems that the American government approval of a draft bill on the exploitation of the Iraqi national oil wealth, the importance of excellence in the presentation of the draft Iraqi government on the Iraqi people and discussed by independent organizations, would, Mahenier and the general people. Unfortunately, the government is behind the scenes deliberations with the IMF and World Bank advisers Americans more than interested in the availability of the right atmosphere inside Iraq for extensive discussions to end mirrors for the sake of the homeland.

وإذا كان توافر هذا الجو عصياً في ظروف الاحتلال والإرهاب الهمجي وفي ظل انعدام سيادة الدولة، فحري تأجيل إصدار قانون جديد يتنافى مع ثوابت السياسة النفطية الوطنية القائمة منذ نصف قرن، إلى حين توافر الظروف المناسبة لمناقشة جدية، ومشاركة شعبية واسعة في صوغ إي قرار خطير في هذا المجال واتخاذه.

The government, however, appear to be subject to the dictates of the United States, which crossed the various methods for its insistence on handing over Iraqi oil wealth to foreign companies, as one of the main objectives of the occupation. The government of Iraqi Prime Minister Ibrahim al-Jaafari made the previous era of the International Monetary Fund issued a comprehensive law to exploit the oil wealth the end of 2006, as a prelude to invite foreign companies to invest in the Iraqi oil industry in long-term contracts.

The exploration contracts and participation in production, which has been adopted by the new draft law, to grant the companies immunity against other national laws.

It is known that drafted laws promoted «» global consulting firms and organizations such as the World Bank are usually loose and weak, leaving the details of the relationship to the contract between foreign companies and the government as equal as a party, what brings us back to something like the privileges, which had been abolished in different countries oil Btamimat decade of the 1970s with some important differences, which depends on the negotiating capacity of the government at the time. This raises Hoveizeh in the era of occupation in light of the general breakdown and the rule of corruption and narrow interests in light of the event of disruption of national unity.

The issuance of the new oil law at the present time is a prelude to the allocation of the main part of the national oil wealth, in accordance with the terms and conditions established by the occupation and the International Monetary Fund. It is not in the interest of Iraq to comply with the requirements under threat and the threat of the debt claim in the previous regime. Occupation did not come to Iraq except destruction and corruption, and can be countered only by strengthening the internal front and the position of defending the rights of our homeland.

We have raised a lot of nonsense in the press abroad on the subject of oil and the distribution of the proceeds to various regions of Iraq, a cause for caution. Since conducted deal with the issue on the basis of being the subject of a sectarian or ethnic ownership of oil revenues, while the question of public participation in oil revenues is almost settled in the Constitution, despite the deliberately vague wording of the items. It is clear that a strong current system was based on the participation of all the oil wealth in line with the population of the areas. So, the two Kurdish nationalists know that the bulk of the wealth is in the south, and guarantee they get a high level of revenue that only participate in the wealth of Iraq whole. Thus, depriving the region or another is not the main issue, and the fact that oil revenues were still passing through the «Development Fund for Iraq» under the auspices of the United Nations, the United States and in accordance with the relevant resolutions of the Security Council and, therefore, any agreement between the central government and the provinces over the distribution of oil revenues would be subject to guarantee American hegemony, and the raising of the issue of oil, according to a sectarian or regional only cover the major issues important in the oil policy is :

First : the effect of disruption of the law 80 of 1961 and repealed and through the delivery of the fields and areas of unused turn to foreign companies through contracts for the production of long-term, rather than development and national institutions through the support of national oil and benefit from the expertise of foreign service contracts as short-term leave of national wealth in the hands of Iraq.

Second : weakening the bargaining power of the Iraqi central contract by weakening the national wealth with foreign companies and mechanisms of this contract, and non-discrimination between the need to expand the administrative competence of the companies and institutions, on the one hand, and the need for centralized economic decision-Grand National on the other hand. It is not logical that the resolution on the oil-Field certain centrally, and the decision on another realm locally. In this confusion of powers and the sharing of power at the expense of public interest only.

Third : that in the allocation of the oil fields and new multiples of the existing national oil industry now, and it is not only related to the provision of financial resources for investment in the private national or not provided, but to rely on policies to develop the managerial and technical capacities of Iraq instead of depending on foreign companies. Technology does not evolve independently of the ability to make decisions regardless of their society and its institutions. The foreign companies that come and go without reinforcing advanced technology in the country. What is needed is a national oil sector, including the private sector and the national oil technical services, and this is what has evolved under the previous regime and Siarakulah also rely on foreign companies.

Fourth : to achieve integration in oil policy in regard to the exploitation of the wealth of national gas in connection with the production of electric power, oil refining and petrochemical development of various industries and the industries that rely on heavy usage of energy. On this basis must caution of companies seeking to invest in the production of crude oil without the willingness to invest in industries interrelated and complementary, and Iraq suffered greatly from this case before nationalization.

Fifth : The production sector crude oil not the Gaza oilfields the productivity of, but it is the Gaza facilities and production services complex, transporting and loading, need to be a wide network beyond the limits of governorates and involving the different production units in the country, requires the oil policy and national, and is known from practical experience that the adoption of the system of the market in the area of public utilities, is the administrative order was very difficult and failure in which paramilitary imperative, and was preferable to keep the utilities under the public administration in all circumstances and work on the development of administrative capacity, Politics is a unified national an imperative necessity In retracting them cede the national interest.

Sixth : disengagement between oil and national economic development, so that the question of distributive justice on the basis of the division of oil revenues to the provinces according to population ratio is a concept largely incompatible with the exploitation of oil wealth for development. The important thing is the trend towards investment, including encouraging idle production capacities, and provide the required conditions for the activity of special national actor, is not wholly dependent on the activity of construction and contracts with the State, whether local or central. Can this kind of development activity that is based on the province or maintain one, but requires coordination according to a national program year, but the important thing here is not distributed evenly investment, but the benefits of the investment equally, and justice. As we know that most financial investments for the reconstruction in the northern region, but it was the most important benefits to other regions, as well as for many of the investments of the 1970s, where the bulk of the industrial enterprises and the major oil and oil projects and ports in the southern region. However, the interest would be done not for everyone devastation caused by the war kindled by Saddam Hussein.
... The Basra refinery (Reuters)


What, then, is the integration and to provide the minimum basic needs of food, housing, education and health for all citizens without discrimination. It is not unreasonable to look for solutions to the problem of electricity each, or a water policy in the country of local rivers.

Seventh : talk about being cash distribution of a portion of oil revenues, and this does not lead to justice nor to the development and advancement of the public interest. It is well known that the idea of individual cash portion of the oil revenues is the alternative of ration, not add to it. On the other hand, the impact of this change in inflation and on the provision of minimum basic needs of the poor will be negative, and potentially harmful economic results in the current period to the lack of conditions for productive economic activity. Also that such a change may give an additional opportunity for corruption in the application, and the idea was derived from the experience of the state of Alaska and significance of the American move away from public investment even in the vital sectors, it is whether alternative to the provision of electricity, water, health services and public education conditions and the prices make it accessible to the general public.

Finally, oil policy will be an important part of rebuilding the Iraqi state and national advancement of the current devastation. Invited to all Iraqi patriots from various social and political spectrum who believe in the current political process and those who are outside, and the institutions of civil society and civil general. To reject the idea of creating a new oil law at the present time and postponed for a whole year at least, the opening of dialogue on the future oil policy with the confirmation that the peace and ending the occupation, which are prerequisites for national oil policy.

As for the threat to the hope of rapid prosperity through quickly increase production by foreign companies, it is deceptive mirage, as companies will not come in favorable security conditions, and the biggest economic problems in Iraq is not now in the decline in oil revenues, but in the occupation and the security situation and rampant corruption, theft and analyze entity of the State and the loss of oil resources and the disruption of economic activity, and the like waves today.

That responsibility lies in the particular form of the current members of the National Assembly irrespective of their affiliations, and that they must ask themselves whether the Kuwaiti National Council for years opposed the draft foreign oil investment in Kuwait and whether Saudi Arabia and Iran remain firm in the nationalization of oil in their countries, so they are prepared to cancel the law number 80?

Originally Posted by day dreamer

This is a long one

(Voice of Iraq) - 17-01-2007 | Sotaliraq.com

A new law with the consent of American determine the future of the Iraqi oil industry
Kamil Mahdi life-17 / 01 / 07 / /

Draw attention coincided American administration's decision to hand over Saddam Hussein to hang with the announcement of the Deputy Prime Minister Barham Salih to agree on a draft of the new oil wealth, and the effects of the fears that the implementation of the decision not be used to cover the penalty issue of oil at this time. The law has been drafted in utmost secrecy, and away from the Iraqi public opinion. The draft available to the American government for months, according to the minister during his visit to the American capital Baghdad last fall.
The report on the Baker-Hamilton American policy in Iraq stressed the pressure for the issuance of the new law. Refinery Najaf (AFP)

It seems that the American government approval of a draft bill on the exploitation of the Iraqi national oil wealth, the importance of excellence in the presentation of the draft Iraqi government on the Iraqi people and discussed by independent organizations, would, Mahenier and the general people. Unfortunately, the government is behind the scenes deliberations with the IMF and World Bank advisers Americans more than interested in the availability of the right atmosphere inside Iraq for extensive discussions to end mirrors for the sake of the homeland.

The government, however, appear to be subject to the dictates of the United States, which crossed the various methods for its insistence on handing over Iraqi oil wealth to foreign companies, as one of the main objectives of the occupation. The government of Iraqi Prime Minister Ibrahim al-Jaafari made the previous era of the International Monetary Fund issued a comprehensive law to exploit the oil wealth the end of 2006, as a prelude to invite foreign companies to invest in the Iraqi oil industry in long-term contracts.

The exploration contracts and participation in production, which has been adopted by the new draft law, to grant the companies immunity against other national laws.

So they have been sending out smoke screens

Announcement No.(844)

D.G. of Foreign Exchange Control

The 844 daily currency auction was held in the Central Bank of Iraq day Wednesday 2007/ 1/17 so the results were as follows :

Details Notes
Number of banks 14 -----
Auction price selling dinar / US $ 1305 -----
Auction price buying dinar / US $ ----- -----
Amount sold at auction price (US $) 113.245.000 -----
Amount purchased at Auction price (US $) -----
Total offers for buying (US $) 113.245.000 -----
Total offers for selling (US $) ----- -----





D.G. of Investments

Daily price Bulletin buying and selling Wednesday 2007/1/17

Currency
Currency Code
Selling Price In IQD
Buying Price In IQD

US Dollar
USD
1308.000
1307.346

European Euro
EUR
1689.674
1688.830

British Pound
GBP
2564.334
2563.052

Canadian Dollar
CAD
1113.381
1112.824

Swiss Franc
CHF
1048.077
1047.553

Swedish Krona
SEK
186.545
186.452

Norwegian Kroner
NOK
203.270
203.168

Danish Krone
DKK
226.757
226.643

Japanese Yen
JPY
10.842
10.837


The above price represent reference rate and does not from any commitment on the Central Bank of Iraq.

Originally Posted by day dreamer

Announcement No.(844)

D.G. of Foreign Exchange Control

The 844 daily currency auction was held in the Central Bank of Iraq day Wednesday 2007/ 1/17 so the results were as follows :

Details Notes
Number of banks 14 -----
Auction price selling dinar / US $ 1305 -----
Auction price buying dinar / US $ ----- -----
Amount sold at auction price (US $) 113.245.000 -----
Amount purchased at Auction price (US $) -----
Total offers for buying (US $) 113.245.000 -----
Total offers for selling (US $) ----- -----

Oh my, the amounts is unbeliavable, and with only a 3 drop. the longer they do this, the higher the RV will be IMO

Originally Posted by Raditz

Originally Posted by day dreamer

Announcement No.(844)

D.G. of Foreign Exchange Control

The 844 daily currency auction was held in the Central Bank of Iraq day Wednesday 2007/ 1/17 so the results were as follows :

Details Notes
Number of banks 14 -----
Auction price selling dinar / US $ 1305 -----
Auction price buying dinar / US $ ----- -----
Amount sold at auction price (US $) 113.245.000 -----
Amount purchased at Auction price (US $) -----
Total offers for buying (US $) 113.245.000 -----
Total offers for selling (US $) ----- -----

Oh my, the amounts is unbeliavable, and with only a 3 drop. the longer they do this, the higher RV

Yep, and the future seems bright with the equivalent of 147,784,725,000 Dinars in play today.

BAGHDAD, Jan 17 (Reuters) - Iraq's Oil Committee has agreed a final draft of an Oil Law that sets rules for sharing revenues and boosting output and aims to bring in billions of dollars of foreign investment, an Oil Ministry spokesman said on Wednesday.

The draft, drawn up senior national and regional leaders, calls for a federal committee headed by the prime minister to oversee all future contracts. It will have the power to review existing deals signed under Saddam Hussein or by the Kurdish regional government, spokesman Asim Jihad said.

Passing an oil law to help settle potentially explosive disputes among Iraq's ethnic and sectarian communities over the division of the world's third biggest known crude oil reserves has been a key demand of the United States in providing further military support to the national unity government.
http://today.reuters.co.uk/news/

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[QUOTE=mab71;159187]BAGHDAD, Jan 17 (Reuters) - Iraq's Oil Committee has agreed a final draft of an Oil Law that sets rules for sharing revenues and boosting output and aims to bring in billions of dollars of foreign investment, an Oil Ministry spokesman said on Wednesday.

The draft, drawn up senior national and regional leaders, calls for a federal committee headed by the prime minister to oversee all future contracts. It will have the power to review existing deals signed under Saddam Hussein or by the Kurdish regional government, spokesman Asim Jihad said.

Passing an oil law to help settle potentially explosive disputes among Iraq's ethnic and sectarian communities over the division of the world's third biggest known crude oil reserves has been a key demand of the United States in providing further military support to the national unity government.
http://today.reuters.co.uk/news/


BAGHDAD, Jan 17 (Reuters) - Iraq's Oil Committee, grouping senior national and regional leaders, has agreed a final draft of an oil law that sets rules for sharing revenues and boosting output, Oil Ministry spokesman Asim Jihad said on Wednesday.

The draft calls for a federal committee headed by the prime minister to oversee all contracts and with the power to review existing deals signed under Saddam Hussein or by the Kurdish regional government, he told Reuters. He added that the bill would go to the cabinet next week for approval.

[QUOTE=adm;159196]

Originally Posted by mab71

BAGHDAD, Jan 17 (Reuters) - Iraq's Oil Committee has agreed a final draft of an Oil Law that sets rules for sharing revenues and boosting output and aims to bring in billions of dollars of foreign investment, an Oil Ministry spokesman said on Wednesday.

The draft, drawn up senior national and regional leaders, calls for a federal committee headed by the prime minister to oversee all future contracts. It will have the power to review existing deals signed under Saddam Hussein or by the Kurdish regional government, spokesman Asim Jihad said.

Passing an oil law to help settle potentially explosive disputes among Iraq's ethnic and sectarian communities over the division of the world's third biggest known crude oil reserves has been a key demand of the United States in providing further military support to the national unity government.
http://today.reuters.co.uk/news/


BAGHDAD, Jan 17 (Reuters) - Iraq's Oil Committee, grouping senior national and regional leaders, has agreed a final draft of an oil law that sets rules for sharing revenues and boosting output, Oil Ministry spokesman Asim Jihad said on Wednesday.

The draft calls for a federal committee headed by the prime minister to oversee all contracts and with the power to review existing deals signed under Saddam Hussein or by the Kurdish regional government, he told Reuters. He added that the bill would go to the cabinet next week for approval.

A new law with the consent of American determine the future of the Iraqi oil industry
Kamil Mahdi life-17 / 01 / 07 / / I think these two articles present an interesting contrast. With all of the withholding and rehashing of news/editorials I wonder which of these is the most current?

Here is another version...Sorry if already posted.

BAGHDAD, Jan 17 (Reuters) - Iraq's Oil Committee has agreed a final draft of an Oil Law that sets rules for sharing revenues and boosting output and aims to bring in billions of dollars of foreign investment, an Oil Ministry spokesman said on Wednesday.

The draft, drawn up senior national and regional leaders, calls for a federal committee headed by the prime minister to oversee all future contracts. It will have the power to review existing deals signed under Saddam Hussein or by the Kurdish regional government, spokesman Asim Jihad said.

Passing an oil law to help settle potentially explosive disputes among Iraq's ethnic and sectarian communities over the division of the world's third biggest known crude oil reserves has been a key demand of the United States in providing further military support to the national unity government.

The negotiating team, headed by Deputy Prime Minister Barham Salih, had finalised the draft late on Tuesday, Jihad said, and the bill would go to the full cabinet next week for approval. After that it will go to parliament. Officials hope that the broad base of the negotiating team means it will pass easily.

The final draft was in line with earlier versions described last month after a previous round of talks. A national oil company would be set up to develop production and exports and the law is intended to ensure balanced development of the oil industry across Iraq's regions, Jihad said.

It establishes a mechanism for centralising oil revenues and distributing them to the various regions.

The division of oil is a key factor in communal tensions in Iraq. The southern oil fields around Basra lie in territory controlled by competing factions of the dominant Shi'ite Islamist political forces, some of whom are close to Iran.

The northern fields lie on the edge of Iraqi Kurdistan around the city of Kirkuk. Kurds want to annexe the city as their regional capital and ethnic Arabs and Turkmen accuse the Kurdish militants of ethnic cleansing before a referendum on the city's future which, under the constitution, is due this year.

The Sunni Arab minority dominant under ousted president Saddam Hussein is concentrated in Baghdad and regions immediately to the north and west where there are few known hydrocarbon reserves -- though some potential future finds.

Sunnis have been particularly insistent that the central government in Baghdad control the oil industry, despite a new, U.S.-sponsored constitution, opposed by most Sunnis, which gives newly created federal regions some powers over oil and gas.

Washington and the government of Shi'ite Prime Minister Nuri al-Maliki are mounting a major security crackdown in the divided capital Baghdad over the coming months to avert an all-out civil war there between Sunni insurgents and Shi'ite militias.