Thread: Iraq/Dinar News. before Febuary 2nd 2006

Iraq PM urges hike in oil output 1 hour, 23 minutes ago



Prime Minister Nuri al-Maliki has urged the oil ministry to hike crude output and refining capacities in order to tackle an acute shortage of petroleum products in the country.

Maliki met Oil Minister Hussein Shahristani and discussed the issue of shortage of oil as well as petroleum products, a statement from the prime minister's office said.

"The two discussed acceleration of oil production and building of new refineries," the statement said, adding that shortage of refined petroleum products was prompting heavy imports from neighbouring countries.

Iraq's oil pipelines are regularly hit by insurgent attacks, affecting the country's crude production.

Given the shortage of fuel products, long queues at petrol stations are a daily sight in Iraq and they often end up as targets for bomb attacks.

The strife-torn country currently produces around two million barrels of oil per day, down from 3.5 million before the March 2003 US-led invasion.

Iraq's cabinet and parliament are soon expected to clear a new oil law that encourages foreign investment in the sector and quick signing of production contracts with international companies.

Iraq PM urges hike in oil output - Yahoo! News

Iraq Leader and Sunni Officials in Clash on Security
Mohammed Ameen/Reuters


By MARC SANTORA
Published: January 26, 2007
BAGHDAD, Jan. 25 — Iraq’s Shiite prime minister and Sunni lawmakers hurled insults at one another during a raucous session of Parliament on Thursday, with the prime minister threatening a Sunni lawmaker with arrest and the Sunni speaker of Parliament threatening to quit.

The uproar revolved around the new Baghdad security plan, but it came as the prime minister, Nuri Kamal al-Maliki, is under increasing pressure to demonstrate evenhandedness. President Bush’s new strategy for Iraq hinges in large measure on the Iraqi government’s ability to rein in both Shiite and Sunni militants.

More to the Story Here: http://www.nytimes.com/2007/01/26/wo...html?th&emc=th

Originally Posted by TerryTate

Hmm, kinda interesting that the CBI exchange rate should be around 1260:1 around February 7th, at the current weekly rate changes....

Hmm, very very interesting....

extremely close. gotta love it.

The additional troops will take part in the new security plan

Casey: residents of Baghdad would be safe during the three months

The General George Casey, commander of multinational forces in Iraq to Baghdad plan will be a success through the efforts of political support and backing from all political parties, stressing that the residents of Baghdad will see the fruits of the success of the plan through (3) months.

He said Casey, in an article written and published on the web site of the Multi-National Force yesterday : that more steps we take with our Iraqis can make substantial progress within 60 90 days, possibly in late summer, we get to the point where impact will be felt fruit residents of Baghdad from the process (forward together) in our efforts to establish security interconnected with the progress in the political process, the economy and basic services, which will be essential stage in the transfer of security functions to the responsibility of the Iraqi government end of this year. The Casey on the new strategic outlook, announced by President Bush in Iraq, the Baghdad security plan depends on success of the undertakings given by the Prime Minister Nuri al-Maliki that whoever violated the law face prosecution will be no cover for criminals and murderers, and any killer, and no matter what face prosecution will not be a substitute for state militias or control over internal security.

He added : Casey security plan that Baghdad is planning Iraqis led Iraqi them full powers they need to accomplish the mission, which will not be hampered by political interference, and will be chasing the vandals who will not have any protection where these forces would pursue any person who violates any law. General Casey said that the coalition forces will provide command and control of the Iraqi commander in charge of Baghdad. He said that the success of the coalition forces and Iraqi forces in its mission will help to maintain security in Baghdad and contributed to the increase in control of the operations opposed in dangerous areas, pointing out that the band airborne 82, which arrived in Iraq last week, coming from Kuwait, the vanguard of American forces that President Bush send them to Iraq to strengthen forces present, is one of the teams fighting with combat experience and high training, as will assume the tasks in assisting the Iraqi forces in promoting security and reduce the violence, next week. Casey expected that all areas will be under Iraqi control in November next.

الرافدينRafidain
www.alrafidayn.comWww.alrafidayn.com

Welcome to ALrafidayn: The Iraqi information service

Uniting for stability in Iraq

The Vice-President of Iraq, Adil Abd al-Mahdi, has called for unity of political and armed forces in the country if violence is to be ended and stability established. "What we need is a united government with a united will," he told Annual Meeting participants. "The government should be the only power. No other organization should have and use arms."

Adnan Pachachi, Member of Parliament Iraqi National Assembly, echoed the Vice-President, saying "The main problem facing Iraq is the absence of national security forces that are dependable and not infiltrated by militias. And until there is a national security force that has undivided loyalty to the state, then we are going to have this problem (of violence)."

He recommended mobilizing an international force to help maintain stability if United States troops withdrew, while al-Mahdi unveiled a new security plan for the city of Baghdad.

"One of the factors of not having stability is the regional environment. Iraq is paying for that," added al-Mahdi. He called for greater partnership with Iraq’s neighbours – including Iran and Syria – where there is "no interference" in others’ issues and disputes are dealt with peacefully.

Article Here: World Economic Forum - Annual Meeting 2007

Assadi emphasizes the importance of the work of civil society organizations in the context of reconciliation and the renunciation of violence and extremism and terrorism

The Minister of State for civil society just Assadi the importance of activating the role of civil society organizations in raising the awareness of the Iraqi people and stressing the role of national reconciliation in the renunciation of violence and terrorism and extremism and cooperation

With security institutions and government bodies. He pledged during his reception of a number of representatives of Iraqi civil society organizations adopt collective developmental projects in the framework of the initiative of national reconciliation in all parts of the country in order to establish a culture of development, dialogue and peaceful coexistence, as well as the emphasis on broadening the participation of the institutions of civil society and non-governmental organizations in the protection of public freedoms and human rights and the promotion of the concepts of partnership and cooperation that underlines collective action for the public good. The minister stressed during the meeting the innocence of all organizations delusional and supporting terrorism emphasizing work in detecting these organizations to the public and presented to the judiciary also called for the disarmament, however, the State solely in order to establish security and stability in all parts of the country, stressing the necessity of adopting all the institutions of civil society and non-governmental approaches of peace and peace in the priorities and activities and objectives. He pointed out that the importance of their work and persistence comes from the importance of civil society organizations and actors as a basis of the real conditions of democracy as it is not possible to conceive of or the presence of a society where democratic values without which the civil society organizations active and influential education adopts towards spreading the concepts and practices of democracy in society.

الرافدينRafidain
www.alrafidayn.comWww.alrafidayn.com

Welcome to ALrafidayn: The Iraqi information service

Jan 26, 2007 (financialwire.net via COMTEX) --

January 26, 2007 (FinancialWire) Iraq is in negotiations with Exxon Mobil Corp. (NYSE: XOM) and Chevron Corp. (NYSE: CVX) to build a new $3 billion petrochemical facility, and is in talks with several other Western companies over industrial projects.

Iraq's minister for industry and minerals Fowzi Hariri will have discussions with General Electric Corp. (NYSE: GE) over possible power turbine contracts and with General Motors Corp. (NYSE: GM) over contracts for service vehicles, such as fire trucks and ambulances. The latter contract would be worth $80 million or less.Hariri has said the discussions with Chevron and Exxon are at an early stage and hopes to have a Memorandum of Understanding in place by July.For up-to-the-minute news, features and links click on Investrend.com

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Investrend.com

This may have been posted before but this is huge. This tells me that the HCL is either done or so close we can smell it.

Announced the halt of work in the public pension
The financial exchange salary increases for state employees in February.

The Ministry of Finance said that the increases in salaries for new state employees will be spent as of next February and accounted for since the beginning of the current year, ranging between 60-70% of the degrees of functional 5th to 10th announced the halt in work at the Directorate of Public retirement after exposure to a fire in a comprehensive result that a mortar shell was fired upon.

A source said a high-ranking officer in the Ministry of Finance told "Assabah" : that the ministries and departments to begin new regardless increases that would emerge on staff salaries amounting to 60-70% for the five and ten degrees as of February next, will be calculated from the beginning of this year.

Pointing out that the delay disbursement for the month of January was due to the completion of certain legal and administrative procedures for balancing the current year 2007.

Meanwhile, the source revealed that the retired general from work after exposure to fire a comprehensive result that a mortar shell was fired upon and targeted by gunmen in the area.

He explained that he was setting up an operation room in the ministry to deal with the situation in cooperation with the state real estate for the purpose of finding an alternative site for the Service so that the citizens checked in a secure environment.

The source said that the exposed several times to attacks by the gunmen were targeting workers and security officers as well as occurred in the area of Haifa Street, one of the hot spots result of the terrorist operations taking place continuously, which prevented access to auditors and the completion of their transactions.

The source assured citizens that it was to retain all of the priorities and material damage is not only long-place in the ministry continues its efforts to find an alternative site to resume the activity and resume receiving retirees and Auditors as soon as possible.

In the same vein between the source that the Ministry is seeking to find alternative sites for a number of banks which are subjected to the constant target of terrorist elements or located in places difficult to access by the auditors in order to facilitate the review it.

الرافدينRafidain
www.alrafidayn.comWww.alrafidayn.com

Welcome to ALrafidayn: The Iraqi information service

The new era of petropolitics

Energy company bosses joined political leaders to discuss increased competition over access to oil and natural gas and the impact on the geopolitical and physical landscapes. Rex Tillerson, Chairman and CEO of ExxonMobil Corporation said that fossil fuels still accounted for "80 percent" of energy consumption, and that a balance needed to be found between economic growth and prosperity, and protecting the environment.

"I think the Chinese government has a clear understanding and firm policies that we must have a reasonable balance between the increase in energy demand, and the protection of the environment," said Zhang Xiaoqiang, Vice-Chairman, National Development and Reform Commission, People's Republic of China.

Samuel W. Bodman, US Secretary of Energy, said: "There will be a 50 percent growth in energy demand over the next 20 years and I see no alternative to nuclear power as an emission-friendly source of electric power."

"Co2 is a problem, and if we are good entrepreneurs, then this is a huge opportunity," said Jeroen van der Veer, Chief Executive of Royal Dutch Shell. "There is enormous energy efficiency technology available that is not being put to use," concluded Tillerson.

World Economic Forum - Annual Meeting 2007

i have a question, what happens if all of these laws are passed and ratified and we still dont see some sort of huge jump ,what happens then ?any sort of time frame or just wait till it happens which at iraqi pace could be a long time.just want some opinions

thanks