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

Iran, Iraq to boost economic ties, says Iranian official Kish Island, Feb 28, IRNA
Iran-Iraq-Shayesteh
Managing Director of Kish Free Trade Zone, Majid Shayesteh has said Iran-Iraq economic relations would be promoted in the near future.

Talking to IRNA, he said Kish island is a beautiful tourist attraction for the Iraqi people.

Referring to a letter of understanding recently inked by Iran's Kish Free Trade Zone and the Iraqi Kurdistan province on expansion of economic cooperation, Shayesteh said it would pave the way for further expansion of all-out ties between the two neighboring states, particularly in the area of trade.

An Iraqi delegation, headed by presidential advisor for commercial affairs, Abdullah Saeed Marouf was in Iran in the past two days.

During their stay, Saeed Marouf and his entourage inspected several active industrial units on Kish Island and were briefed on the procedure of private sector's investment in Kish Free Zone.

The Iraqi official, while visiting the island's industrial centers, said on Monday that the Kish Free Zone has the potential to become one of the important economic centers of the region.

"The strategic location of Kish in the Persian Gulf area and its access to international waters account for the island's potential," he added.

Turning to Kish Island's suitable development infrastructures, he said that its access to international waters and close
communication with the Arab countries bordering the Persian Gulf through aerial and marine routes can play a decisive role in its development.

A big thanks to Mike and everyone else that have been posting all the news today !

Things seem to be moving in the right direction these day

The American embassy. Completion of the oil, gas and the budget will accelerate from a Ammar Iraq
Source : KUNA-28 / 02 / 2007

She said the American embassy in Iraq today that the completion of the oil and gas and ratification of the new checks e for 2007, would speed up the reconstruction of Alar pw.

He described coordinator in the American embassy and the supervisor of the economic transition and reconstruction in Iraq Tim K. Arne oil and gas law and the ratification of the new pain it was offset by the Assembly in 2007 as "important work."

Karni said in a press conference held today in logic e Green in Baghdad that "there is a significant change in the politicians e current American goal in Iraq to make Ar Requests producer in the field of economy and the quality of external stimulation and M. n through the coordination of the American embassy and the team returned e Construction sector and overcome bureaucracy dominates p me and Zárate. "

The Iraqi government announced its approval yesterday to s Unwin oil and gas, which allows new areas of Abra s conclude contracts and to restore restructuring the National Oil Company Wi oil wealth management systems are properly regulated distribution of a of the proceeds equally to all sons of the Iraqi people and according to population density and the role of the Center and Alozar e and the role of provinces and territories and the balance in pain oil Sharia in all parts of Iraq without exception .

De. That. Optimistic or the draft law of Iraqi oil
Source : Reuters-28 / 02 / 2007

The Norwegian oil company said the independent de. That. Or a draft bill Iraqi oil again seem to be compatible, "bringing a "with the hopes and confirmed plans to produce a barrel in 7700 m n oil per day on average in the north of Iraq this year .

Friendly. That. Or is the first foreign company for oil exploration in the bumpy s-war since entered into an agreement with the Kurdish authorities now expected to be subject to review to see if the line with oil a law approved by the central government in b Baghdad on Monday.

The Hilje hands of the Executive Chairman of the company Reuters on Tuesday, saying "some of the details we have no Onn Rather formal confirmation, but apparently agreed to a large extent with the what we hope and believe that it should happen. "

He went on to say "if the information is true (in the media Alaal Or) it seems that things came about as we had hoped. "

Asked about the potential results of the audit that the agreement Taj oil-de. that. and the government or the Kurdish Alakulai Mia Eide said, "We do not expect any changes to our knowledge of day, but this is premature. we need to know more of a for details on the government's agreement with the Kurdish Baghdad. "

The hands that De. That. Designed in 2007 or 7700 production of b Rammell daily in Iraq - an average of almost 40 in a for a hundred of the total production-from the end of the first quarter.

a well-connected analyst told UPI on condition of anonymity the Kurds and central government still have not agreed on the remaining crucial issues.
Status of Iraq hydrocarbon law in limbo

I have actually been a member since 3/06, and I don't recall a time on this forum, that I felt, as though, this was the calm before the storm. With all the good news that we have received from our family members today, where are the founding members (you know, and so do we, who you are) to help us out, to get a grasp. It has been too quiet.
Leann

Originally Posted by Slab

a well-connected analyst told UPI on condition of anonymity the Kurds and central government still have not agreed on the remaining crucial issues.
Status of Iraq hydrocarbon law in limbo

Check the date on this. It is from the 22nd of Feb. A lot has changed since then...or so it has been reported.

Originally Posted by Slab

a well-connected analyst told UPI on condition of anonymity the Kurds and central government still have not agreed on the remaining crucial issues.
Status of Iraq hydrocarbon law in limbo

Isn't it dated the 22nd?

2007 ambassador speeches
STATEMENT BY U.S. AMBASSADOR TO IRAQ ZALMAY KHALILZAD On the Hydrocarbon Law
Baghdad,Iraq
February 27, 2007

Today, the Iraqi Council of Ministers approved the draft of a national hydrocarbon law.
On behalf of the United States, I congratulate Iraq's national unity government led by Prime Minister Maliki, the leaders of key political blocs and the government of the Kurdistan region. I commend the Energy Committee of the Cabinet – led by Deputy Prime Minister Barham Salih with participation by the Minister of Oil Hussein Shahristani; Planning Minister Ali Baban; Finance Minister Bayan Jabr; Justice Minister Hashim al-Shibli; Electricity Minister Kareem Hasan Waheed; Governor of the Central Bank Sinan Shabibi; Prime Minister's Advisor Thamir Ghadhban; and Ashti Hawrami from the Kurdistan Regional Government for their hard work.

This is a significant political achievement because leaders representing all of Iraq's communities have demonstrated that they can pull together to resolve difficult issues of vital national importance.

This oil law, which contains a firm commitment to revenue sharing among the regions and provinces, reaffirms that oil and gas resources are owned by all the people of Iraq.
Under this law, all revenues from the sale of oil will go into a single national account.
All Iraqi regions and provinces will be represented in the Federal Council on Oil and Gas – the principal energy policy making body for the country. Provinces will receive direct shares of revenue, significantly increasing local control of financial resources. The law includes international standards for transparency including requirements for public disclosure of contracts and associated revenues and payments. It also defines the Oil Ministry's role as primarily regulatory -- as is generally the case in other modern countries. Under the approved law, oil will become a tool that will help unify Iraq and give all Iraqis a shared stake in their country's future.

This draft legislation provides the legal framework to allow international investment in the Iraqi oil and gas sectors. Revitalized oil and gas sectors hold the promise of a higher standard of living and a better life for every Iraqi.

The drafting of this framework law was not easy. It presented special challenges for the Iraqi and Kurdistan Regional governments, and the leaders of key political blocs -- but the finalization of this draft sets a precedent for the unity and cooperation that is critical to the stabilization and development of Iraq.

The draft legislation will have to be approved by the Iraqi Council of Representatives when it returns from its recess. But given that all the major parliamentary blocs are represented in the cabinet, prospects for the draft legislation becoming the law of the land are excellent. There is still much work that needs to be done in the hydrocarbon sector. But a vital step was taken today.

For Iraq to succeed, Iraq's leaders know that they need to make progress on the political front and make difficult, but necessary, decisions. They have stated that they are committed to making these decisions and to meeting the benchmarks that they have set for themselves.

This is the first time since 2003 that all major Iraqi communities have come together on a defining piece of legislation. This law is a major pillar of a national compact among Iraqis. A national compact can be achieved if similar compromises are made on the future of de-Baathification and on amending the constitution. Iraqis have had many bad days. There will be difficult days ahead in the struggle to increase security for the people of Baghdad. However, Iraqis can take great satisfaction from the passage of the hydrocarbon law by the cabinet today.

May God Bless the people of Iraq.







STATEMENT BY U.S. AMBASSADOR TO IRAQ ZALMAY KHALILZAD On the Hydrocarbon Law - U.S. Embassy Baghdad, Iraq

Copyright 2007 United Press International,
United Press International - Energy - Central Iraq, KRG agree on oil law terms