Thread: Iraqi/Dinar news until March 1st, 2007

Originally Posted by Adster

Have this one on me folks. See you around.

Iraqi parliament approves new oil draft law
MENAFN - 28/02/2007


(MENAFN) The Iraqi Oil Minister announced that the parliament collectively agreed on the oil draft law that permits foreign companies to invest and work in the Iraqi oil reserves and projects, the Iraq Directory reported.

Though the US expects a fall to 1.3 million barrels a day in the oil production, the government assures that the new law will guarantee a fair share of the profits to all Iraqis in all of the 18 provinces, said the minister.

He added that the utilization of the Iraqi oil reserves will be determined by open tenders provided by the ministry and based on model contracts.

http://www.menafn.com/qn_news_story...ryId=1093144717

Great News Adster!

Your link doesn't work.... here's a good link:

MENAFN - Middle East North Africa . Financial Network News: Iraqi parliament approves new oil draft law


This is AWESOME people..... Let the flood gates open!

Originally Posted by Adster

Have this one on me folks. See you around.

Iraqi parliament approves new oil draft law
MENAFN - 28/02/2007


(MENAFN) The Iraqi Oil Minister announced that the parliament collectively agreed on the oil draft law that permits foreign companies to invest and work in the Iraqi oil reserves and projects, the Iraq Directory reported.

Though the US expects a fall to 1.3 million barrels a day in the oil production, the government assures that the new law will guarantee a fair share of the profits to all Iraqis in all of the 18 provinces, said the minister.

He added that the utilization of the Iraqi oil reserves will be determined by open tenders provided by the ministry and based on model contracts.

http://www.menafn.com/qn_news_story...ryId=1093144717

Now that's what I call a serious hit and run! Thanks Mate!

Outstanding Post Adster. One more hurdle down. Next comes the WTO, and RV ---- maybe not in that order? You think!

Barham Salih : Iraqi oil law implemented the end of May

(صوت العراق) - 28-02-2007(Voice of Iraq) - 28-02-2007
ارسل هذا الموضوع لصديقThis issue was sent to a friend

برهم صالح: قانون النفط العراقي ينفذ نهاية أيار القادمBarham Salih : the Iraqi oil implement the end of May next

أربيل: وصف نائب رئيس الوزراء العراقي، برهم صالح، قانون النفط الذي صادق عليه مجلس الوزراء الاثنين الماضي بـ"المكسب المهم والكبير لإقليم كردستان "، مؤكداً "تعهد القيادات العراقية بتطبيقه بنهاية شهر أيار/مايو المقبل، ورغم أن ذلك عملية صعبة ولكن المصالح السياسية وال اقتصادية للبلد تفرض علينا المواجهة والتحدي".Irbil description : Iraqi Deputy Prime Minister, Barham Salih, oil law, which was approved by the Cabinet Monday last b "gain important and significant to Kurdistan " asserting that "the Iraqi leaders pledged to end its application the month of May next. Although the process is difficult, but the political interests and the economic of the country require us to confrontation and challenge. " وأشار، في تصريحات نشرتها صحيفة (آسو) الكردية اليوم، إلى أن "هذا القانون يعد الأول من نوعه منذ تشكيل ال دولة العراقية، وبموجبه ستكرس هذه الثروة بيد مؤسسة فدرالية لخدم ة الشعب العراقي بما فيه إقليم كردستان، بدلا من تركيزها بيد سلطة مركزية تستخدمها للقمع و الدكتاتورية".He, in statements published by the Kurdish (Lasso) today, to that, "This law is the first of its kind since the formation of Iraqi state, and this wealth which will be devoted, however, to a federal institution served e Iraqi people, including the Kurdistan region, However, rather than a central authority used to suppress and dictatorship. " وأردف صالح "كما سيضع نهاية لسيطرة السلطة المركز ية لعقود من الزمن على الثروة النفطية، حيث سيتم وفقا للقانون الجديد وضع العوائد النفطي ة في حساب مركزي ثم توزع حسب النسب السكانية ".His interest "and will also put an end to the Authority's control center Yeh decades of the oil wealth, They will, in accordance with the law a new oil revenues e in a central account and then distributed according to population ratios. " وقال "مجرد مصادقة مجلس الوزراء على مسودة القانو ن يعتبر تقدما في عملية الانتقال السياسي والاقتص ادي".He said "the mere approval of the cabinet to the draft Law n considered progress in the political transition process and Alaghtasse Valley. " وحول دور حكومة الإقليم في رسم السياسات النفطية، قال "سيكون إقليم كردستان مشاركا في رسم السياسة ا لنفطية في البلاد، ويتيح هذا القانون لحكومة الإقليم مراجعة جميع ال عقود الموقعة مع الشركات الأجنبية وإعادة تنظيمه ا وفقا لقواعد ونصوص هذا القانون، كما سيتيح لكردستان التوقيع على عقود التنقيب واس تخراج النفط داخل أراضيه".As for the role of the territorial government in policy-making oil, he said : "It would be a Kurdistan participants in the formulation of a policy the oil in the country. The act allows for the territorial government to review all the contracts signed with foreign companies and restructuring a according to the rules and provisions of this Act, Kurdistan would also allow for the signing of the exploration contracts WAS Takhraj oil within its territory. " يذكر أن شركات أجنبية عدة نشطت خلال السنوات الثلا ث الأخيرة في كردستان للبحث والتنقيب عن النفط، حيث تم اكتشاف عدة آبار نفطية في مناطق زاخو وكويسن جق، لكن الإنتاج توقف بانتظار سن قانون جديد للنفطIt is noteworthy that a number of foreign companies active in the last Althla Th recent in Kurdistan to prospect for oil, It was the discovery of several oil wells in Zakho, Koisen Ju, but production stopped pending the enactment of the new oil

Originally Posted by adm

Barham Salih : Iraqi oil law implemented the end of May

(صوت العراق) - 28-02-2007(Voice of Iraq) - 28-02-2007
ارسل هذا الموضوع لصديقThis issue was sent to a friend

برهم صالح: قانون النفط العراقي ينفذ نهاية أيار القادمBarham Salih : the Iraqi oil implement the end of May next

أربيل: وصف نائب رئيس الوزراء العراقي، برهم صالح، قانون النفط الذي صادق عليه مجلس الوزراء الاثنين الماضي بـ"المكسب المهم والكبير لإقليم كردستان "، مؤكداً "تعهد القيادات العراقية بتطبيقه بنهاية شهر أيار/مايو المقبل، ورغم أن ذلك عملية صعبة ولكن المصالح السياسية وال اقتصادية للبلد تفرض علينا المواجهة والتحدي".Irbil description : Iraqi Deputy Prime Minister, Barham Salih, oil law, which was approved by the Cabinet Monday last b "gain important and significant to Kurdistan " asserting that "the Iraqi leaders pledged to end its application the month of May next. Although the process is difficult, but the political interests and the economic of the country require us to confrontation and challenge. " وأشار، في تصريحات نشرتها صحيفة (آسو) الكردية اليوم، إلى أن "هذا القانون يعد الأول من نوعه منذ تشكيل ال دولة العراقية، وبموجبه ستكرس هذه الثروة بيد مؤسسة فدرالية لخدم ة الشعب العراقي بما فيه إقليم كردستان، بدلا من تركيزها بيد سلطة مركزية تستخدمها للقمع و الدكتاتورية".He, in statements published by the Kurdish (Lasso) today, to that, "This law is the first of its kind since the formation of Iraqi state, and this wealth which will be devoted, however, to a federal institution served e Iraqi people, including the Kurdistan region, However, rather than a central authority used to suppress and dictatorship. " وأردف صالح "كما سيضع نهاية لسيطرة السلطة المركز ية لعقود من الزمن على الثروة النفطية، حيث سيتم وفقا للقانون الجديد وضع العوائد النفطي ة في حساب مركزي ثم توزع حسب النسب السكانية ".His interest "and will also put an end to the Authority's control center Yeh decades of the oil wealth, They will, in accordance with the law a new oil revenues e in a central account and then distributed according to population ratios. " وقال "مجرد مصادقة مجلس الوزراء على مسودة القانو ن يعتبر تقدما في عملية الانتقال السياسي والاقتص ادي".He said "the mere approval of the cabinet to the draft Law n considered progress in the political transition process and Alaghtasse Valley. " وحول دور حكومة الإقليم في رسم السياسات النفطية، قال "سيكون إقليم كردستان مشاركا في رسم السياسة ا لنفطية في البلاد، ويتيح هذا القانون لحكومة الإقليم مراجعة جميع ال عقود الموقعة مع الشركات الأجنبية وإعادة تنظيمه ا وفقا لقواعد ونصوص هذا القانون، كما سيتيح لكردستان التوقيع على عقود التنقيب واس تخراج النفط داخل أراضيه".As for the role of the territorial government in policy-making oil, he said : "It would be a Kurdistan participants in the formulation of a policy the oil in the country. The act allows for the territorial government to review all the contracts signed with foreign companies and restructuring a according to the rules and provisions of this Act, Kurdistan would also allow for the signing of the exploration contracts WAS Takhraj oil within its territory. " يذكر أن شركات أجنبية عدة نشطت خلال السنوات الثلا ث الأخيرة في كردستان للبحث والتنقيب عن النفط، حيث تم اكتشاف عدة آبار نفطية في مناطق زاخو وكويسن جق، لكن الإنتاج توقف بانتظار سن قانون جديد للنفطIt is noteworthy that a number of foreign companies active in the last Althla Th recent in Kurdistan to prospect for oil, It was the discovery of several oil wells in Zakho, Koisen Ju, but production stopped pending the enactment of the new oil

Yeah, right, Exxon will stay at the borders paying salaries to their people until the end of May!! What a joke!
Didn't we hear two days ago that the Oil Law will be passing also by May?And Oooops, it's been passed today!!
I actually believe that this article is three-four days old ...
So, all good!
Wonderful news, Adster! One shot, one kill! LOL

Originally Posted by Jola

Yeah, right, Exxon will stay at the borders paying salaries to their people until the end of May!! What a joke!
Didn't we hear two days ago that the Oil Law will be passing also by May?
I actually believe that this artile is three-four days old ...
So, all good!
Wonderful news, Adster! One shot, one kill! LOL

I agree, they cant wait that long!

one shot, one kill! Is that skill?

Originally Posted by Raditz

I agree, they cant wait that long!

one shot, one kill! Is that skill?

That's Adster!

Man, things are RRROOOOLING these days!
Here is a very green ( $$ size) woot from me:


woooooooooooooooooooot!!

Originally Posted by Jola

Yeah, right, Exxon will stay at the borders paying salaries to their people until the end of May!! What a joke!
Didn't we hear two days ago that the Oil Law will be passing also by May?And Oooops, it's been passed today!!
I actually believe that this article is three-four days old ...
So, all good!
Wonderful news, Adster! One shot, one kill! LOL

Agreed, should see more positive things coming quickly. This article has already been posted, didn't believe it then and even less now. We should see even more improvements in the security as well. Now Russia can move on their oil contract they had with Sadaam. And we all know who Russia is backing in the ME, we all know where a majority of the trouble is crossing the border from. It has been said more than once that security is a big part of the reval plan. Now that Russia has a vested interest in Iraq succeding as well as China, Iran will have to start playing nice with Iraq or risk loosing Russias' support. If they loose Russias' support Iraq will be looking to start up coal fired reactors cause their nuclear ambitions will be a thing of the past.

uruklink.net down again...yesterday when it was down, they posted the 4030.html - a couple new laws...


...will see what 's today's update...

Iraqi Business Restoration Progressing

Iraqi Business Restoration Progressing
News Blaze - [28/02/2007]
A Defense Department official Monday discussed the ongoing work to improve Iraq's business and economic stability during at press conference at the Combined Press Information Center here.
Paul Brinkley, Deputy Undersecretary of Defense for Business Transformation and director of the Task Force to Improve Business and Stability Operations in Iraq, spoke about the progress that has been made and what is in store for the future.

"We've been coming to Iraq now for several months, and for the past few months, bringing sizable groups of business executives from outside of Iraq into Iraq working with one objective, and that is to restore economic opportunity and create a sense of potential economic growth for the Iraqi people," Brinkley said.

Representatives from several dozen American and international businesses will be engaging both business communities and Iraqi officials in an effort to get an understanding of the situation here to prepare for the work ahead.

"In an effort to connect the Iraqi economy to the global economy to drive demand and opportunity to Iraqi business and to create a sense of economic hope and prosperity," Brinkley said.

The U.S. Department of Agriculture will also try to revitalize the agricultural industry which has a huge role in Iraq's economy.

"We have a stellar group of agricultural and agribusiness representatives from major American universities and from international businesses who are here and are going to be working to ensure that we synchronize our industry revitalization efforts with the agriculture sector, which is obviously a major part of the overall Iraqi economy," Brinkley said.

Brinkley states that the economic efforts will help the Fardh Al-Qanoon plan and not work against it.

"We're working in collaboration with our commands as the Fardh Al-Qanoon unfolds to ensure that we are working to revitalize industry in areas as security is restored," Brinkley said.

Problems plague some factories due to many issues but a majority of them can be easily identified and dealt with.

"In most case, it requires a small amount of investment," Brinkley said. "We're working with the government of Iraq to get those investments made to deal with, in some cases, maintenance and spare parts."

Others, such as the cement and phosphate industries in Al Anbar require a larger and more complicated approach.

"They require huge amounts of steady, continual electrical power," Brinkley said. "We're working closely with the minister of electricity and our own reconstruction organizations to identify the most rapid path to power restoration which will enable the re-employment of people in the Al Anbar region."

The amount of jobs that the reconstruction would generate for the Iraqi population would be astronomical.

The official statistics go as high as 500,000 jobs, Brinkley said.

Brinkley has a positive outlook on how this will affect the economy as a whole.

"The optimism we have is that as we restore these industrial operations, this will create immediate uplift to other parts of the economy," Brinkley said.

If there were any concern as to how much money the Iraqi government is willing to spend to fix their fledgling economy, Brinkley is quick to reassure.

"I know 10 billion dollars has been set aside by the Iraqi government," he said.

The road ahead is difficult, but Brinkley and his team are working together to bring about a better tomorrow.

"The next several months are key to our ability to demonstrate to the Iraqi people a sense of optimism and to give them hope in a brighter future," Brinkley said. "I think this year that's going to be a huge amount of our energy dedicated to this."

http://www.iraqdirectory.com/DisplayNews.aspx?id=3283