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

Major companies in the waiting for the adoption of the Law of oil Ar Christians final

.Iraqi officials said that dozens of companies demons were sent marvel major companies including American, Russian, Chinese expressed an interest in the development of Iraqi oilfields and industry oil in the country. after the approval of a draft bill of oil by the Council of Ministers a the one who allows the sharing of oil wealth between governorates pw sublime to the proportion of the population, including the provincial Els faith. , and opens the new law in the case of final approval part of the House of Representatives for the industry to the flow of foreign investments, awaiting the opportunity to enter the slightest p Iraqi oil, which possesses one of the largest reserves in the world. An official in the Iraqi government yesterday that the government is now preparing to invite international companies to Las Tthmar in the oil and gas sector once the project n Haifa in Parliament. at the same minister said useless i Iraqi Hussein Shahrastani that the oil and gas open the doors to the Ministry of Oil to hold rounds of pain Faudhat and invite international companies qualified to provide p Rudha. He added that the ministry will adopt in its contract with the companies on the nationality and background, but on the ability p I develop oil fields according to models developed by the Ministry of oil.
وأضاف ".He added : "We are keen that the oil fields diligence paper Ka and the very hands of the giant and the ministry six Iraqis work to be beneficial in the context of contracts, according competition zone between the companies. " Despite signs of Iraqi officials and according to the "New York Times" that the American yearning Regrettably oil contracts with foreign companies will be subject to the auction fair, However, the inspectors said that the Americans the upper grades in the Iraqi government, including those with large positions in the Ministry of Oil dead Hamon corruption and there are fears among companies - Prince MK favor of the American companies at their expense. هائلة .In Iraq, vast reserves of crude oil and abolished presentations declared a natural crude oil 511 billion b Rammell and another in the process of exploration of 214 billion barrels P in addition to the 1000 billion cubic meters of natural gas, according to Dr. Rasat the Iraqi Oil Ministry. The statistics rarely Are the Iraqi oil that Iraq's oil fields Drugs Utility and waiting list and investment since the 1970s, and eight Nath last century own abilities located mostly south j field west of the country, notably Qurnah, crazy uncle and rivers t and the Rafidain and flying the boundary and Allhes and Albzerka N. and east of Baghdad and the Al-Ahdab, Nasiriyah and Artawi and other p Dedeh
جريدة المواطن العراقية

Bill oil before the new Iraqi Parliament , the American allocations for the modernization of the oil sector in a Iraq
ياسينPreparation and submission : Nazim Yasin
نكرس.Dedicate this episode of the new program (Altekar see Economic) to follow the latest developments related to the oil industry. Yeh Iraq through following up of the draft law on oil seriously by transmitted by the Iraqi Council of Ministers finally to the Parliament for approval with the comments of expert oil Wa economy Dr. Mohamed Ali Zinni on the draft.
كم.Today's episode also contains an interview with the Director of the oil sector has not spot Gulf in the Corps of Engineers Army mother Erki Captain Richard de. .Fritzle American funds earmarked for the modernization of oil installations in Iraq.

- ي:- The new oil bill before the parliament of Iraq j :

في .In a step described by Iraqi Deputy Prime Minister Barham Al he insisted Monday as a major breakthrough in the transformation of political and economic situation in the country. The Iraqi Council of Ministers recently a draft law the new oil and after discussions that lasted for several months.
.Said Saleh, who headed the ministerial committee responsible for trustee Ge draft law that the project forward to the Qala - in August, for approval to become law in force ever She pledged that the Iraqi leaders legislation law By the end of next May.
وفي .In statements reported by the Reuters news agency, The Iraqi Deputy Prime Minister that the draft law T. text to deposit oil revenues into a central account for distributed according to the number of the population. .The draft allows for the territorial government in the Cards Tan Iraq to review existing contracts signed with companies a sidearms to ensure conformity with the articles of the new law and told the commission of independent experts will decide in a consensus contracts a dispute occurred.
كما نُقل والغاز.It also quoted him as saying that regional authorities can a to negotiate oil contracts in accordance with the procedures and Alto Jihat established by the Federal Council of oil and gas. البلاد.The Ministry of Oil supervision and control of the Gata p oil in the country. تشكيل.With repeated restructuring of the National Oil Company to become company holding independent and will be formed of the federal forum for the development of national oil policy.
هذاتعبيره.This has praised Iraqi Prime Minister Nuri Kamal Alma so the draft law which would regulate the distribution of wealth Allen Fter adding that the benefits of this wealth is tantamount to a "pillar firm "in order to unify the side of the Iraqis. according to the source.
فيما .Meanwhile, Minister of Planning and Development Cooperation of Iraq j Papan that all the major political forces in the stricken words blaming agreed to the draft, pointing out that the draft Law n add a genuine and practical unity of the people of Abra Afterward.
من ادFor his part, praised the American ambassador to Iraq Zalmi Khalilz Ed
النفط.Government agreement on the draft law of oil. وأ ."He added in a statement that "this is the first time since 2003 were consistent all races, a major Iraqi communities on the T. Cheria particular. "
.It is noteworthy that the Iraqi oil industry crumbling due to the international economic sanctions imposed by a the United Nations on the former regime between 1990 and 2003, in addition to repeated acts of sabotage pw Arzt them in the last four years that this side of lighter need foreign investments worth billions States lari for rehabilitation.
.With government officials expect that the adoption of the draft new law to attract international companies to Astt Mar in the Iraqi oil sector indicated a group of experts oil for Iraqis who gathered in the capital of Jordan Yeh on the 17th of February that the security situation Guy t currently stable in the country in attracting Alastthm foreign lari at the present time. .It also considered that the draft law contains some gaps a to order, which requires modified in line with the same materials plains, especially those related to oil wealth.
وفيللبلاد.In special statements of the (economic report) Dr. Mohamed Zaini expert on the oil economy and P j Center for Global Energy Studies in London, the importance of the m proceed current law on the media and organizations a for civil society to be discussed widely Bi n various segments of the Iraqi people before it is approved by the Land Man to the fact that oil is the principal wealth of the country.
وفي .In the following interview, speaking expert Oil and the Economy Dr. Zinni foremen Ate Assembly on the draft law.

(زيني)(Interview with the Iraqi Oil expert Dr. Mahama d on Zini)

اكية :- American allocations for the modernization of the oil sector in the Iraq :

.One American officials on the efforts to re-Ala Mar in Iraq to rehabilitate the oil project has Bao loya especially in view of their great importance to the economy of Iraqi.
وفي دي.In special statements of the (economic report) , the Director of the oil sector to the Gulf region in the Corps grief Desin of the American Army Captain Richard de. فر(Navy CPT Richard D. Fritzley)Fritzle (CPT Richard D. Navy. Fritzley)
إن .That billion six hundred million dollars had been allocated to modernize the Iraqi oil sector and out of a total of eighteen carefully Ra and three hundred million dollars approved by Congress illiterate Erki in 2003 for the reconstruction of Iraq.
وفي.In the following interview with the correspondent reported e Free Iraq in Baghdad Leith Ahmed, The remaining funds from these allocations are spent p I rehabilitate labs gas supply and private enterprises.
كما .He also pointed to the likelihood of obtaining additional funds in the the future for the modernization of the Iraqi oil sector.
()(Interview with the Director of the oil sector in the Gulf region fought for the Army Corps of Engineers American
Translated version of http://www.iraqhurr.org/

لعراقيThe Ministry of Trade reaffirms its support for the participation of the private sector a the Iraqi

بغدادبرسBaghdad-file Press

عقدت.The Ministry of Trade expanded seminar was attended by a large number businessmen and leaders in business Iraqi, as well as senior officials of the ministry.

و قد دعا . , had called and Trade Minister Dr Hassan Abdel farmer Her Danny to the need to promote and strengthen the participation of traders and evil kat specialized in the supply of commercial items a card the refueling and support reserves inventory of the ministry, stressing the importance of the Iraqi private sector Balmchar Keh in projects undertaken by the ministry, especially those concerning contracts and investment, and a detriment the forty-benefit data from the new investment law No. (13) of 2006.

.He added Dr. Abdel Sudanese farmer that the ministry T. support for the private sector and wants him success in the practical leadership e trade and increase trade exchange with many of the d AIPAC also developed world through the use of the experience others who have had long experience in the field of contracts Walt Ongoing and investment.

وقد .The participants in the symposium expressed observations and registered tide acetate discussed many trade minister and instructed to address Ka Fe outstanding problems with the joints, various ministry Bom a service of the work of Iraqi businessmen and provide them with opportunities for a the work of trade and investment in areas of the country Almkht lap
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المسودة؟Al-Maliki announced the completion of a draft law on oil Wa gas What about the key messages of this draft?


بغداد- الملف برسBaghdad-file Press

اعلن ي.Prime Minister Nuri al-Maliki a government approval the Iraqi draft bill on oil and gas and will Bah machine to the House for the purpose of discussion and approval, Al-Maliki and added that the new law that had been reached a Why dealing with the management of oil operations on the basis of rules and d institutional sensitive full application of articles (111 ) and (112) of the Constitution which affirm that the wealth Allen only in gas and the property of the Iraqi people. The wording of the agreement are consistent with a federal nature the one approved by the Constitution and achieve the highest benefit for the people of Iraq j, and it will allow for the development of this important sector, Malzi all that stimulate private investment and the transfer of skills and technologies, which requires legislation to ensure stability j and institutionalized in the oil sector.

ورغم.Although the draft law prepared in secret and behind a Bawwab closed so not declared until now only in the media Allam detailed, while briefed the American government and multinational companies force to the draft in the last month of July and Lage P them to the International Monetary Fund, seen it before and curriculum experts and the citizens of Iraq and the deputies, But what leakage of this draft suggests that they are in the 32 page begins the first page containing the reasons for Ka N, and the rest of pages containing eight chapters and includes three TR into the article, With the draft law and three supplements are not the consultation so far even though they have significance.

قية.And the rest of the draft law on the eight chapters on Bada the sources of their oil and exploration activities and development fields and the financial system and miscellaneous items will be dealt with successively P j light of the draft leaked, which are of prejudice Mba the evil interests of the Iraqi people one symbols of sovereignty Ara received.


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Statement of the Iraqi National List

(Voice of Iraq) - 01 - 03-2007
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The name of God the Merciful

Statement of the Iraqi National List
A compilation of national efforts to save the country to resolve the crisis governance
Oh sons of our people Quran

Witness the general situation in Iraq deteriorated, Mtesa sponsored in all levels of life, This is reflected expansion of the physical phenomenon of attrition and now Sani standards coupled with the great depth and complexity of the crisis stricken words m and access to the political process through may be blocked . Apart from the absence of individual and collective security by the escalation the wave of violence and terrorism and the campaigns of forced displacement Walt Nahar sectarian and external interference, worsened economic conditions and services have deteriorated, but Saseh escalated and the difficult living conditions and the percentage of Elbe lasting inflation and economic recession. It also emerged of financial and administrative corruption in all its forms Kasem e prominent feature of the political and economic situation prevailing in the country, which led and leads to a waste of national wealth on n regarding unprecedented in recent years. There is no doubt that many factors both internal and external have joined together vinegar s this situation and the delivery of the country in this unenviable deep, so life has become a heavy burden, and the fate of citizens Mujahil swings in the chaos, violence and deprivation of the simplest the safeguards to ensure the continuation of normal life Bal the proportion of the majority of the population in most parts of Iraq. This requires urgent action to save the country's Wa Staadh normal life across the real governing institutions The firm and reflect the free will of the citizens and a forward the draft of the security, stability and national harmony and Sala m.

In fact, incorrect, "many have been committed in the past in the final part of building the state and the liquidation of the legacy of the past, due to the sterile policies and wrong practices adopted exercised by the coalition authorities occupation and then some the ruling political parties at different times. The a reverse that in the rupture of the social fabric and undermining the unity of the country and the promotion of sectarian strife and block the adoption of Sai Ge of sectarian and artificial balance between Alve AT social and away from the Arab world, and other policies sick.

However, the main outcome that resulted from these errors The concepts have evolved recently harmful "in a bold and polio for the political process to achieve its stated objectives of reducing that. This resulted in the emergence of a crisis of governance to become Jamaica d viable state and the national economy and their Aleut faith and basic social fabric notify horrible. and are the many manifestations of the most important inability of the State to carry Bo functions and responsibilities in the protection of basic civic arrangements n and the National Security and the Department of society in Gemi p areas. It is no secret "that the country does not possess authority united, The main governing bodies are not working in harmony Wu according proper controls, but characterized by the emergence of the phenomenon of multiple centers of power and the intensification of a to compete among themselves at the expense of the supreme interests of Mojt with state and ethnically motivated racism and narrow expediency. More seriously, the whole people's hopes evaporated establishing a power the real law and the institutions and the rule of the judiciary and respect human rights promised by the political process. and finally the spread of crime and murder, violence and sabotage national unity and waste of state resources.
The centers of power today is embodied in the practices and performance key officials in the executive branch Nos. 29/1994 appointed to political organizations and the armed militias that carried out information has bright "different from the influence of violence and domination and under official cover or sectarian or partisan. any race that privacy Yeh and narrow sectarianism and conflicting, today is a key feature of the painting of power set in Iraq. It is a situation that is collected mosque with Dowa parity and the noble goals of a government of national unity some might argue that their existence is now in power. Since only William first for the formation of this government warned of existing Ar jackets of the National risks deviation from the national curriculum destruction and falling else Almahassat sectarianism. We n it is expected to recover and atmosphere-building competition e in a manner contrary completely "with the objectives of the political process The controls and requirements of a real government of national unity. And we had only a marginal share "in the government case Yeh, due to pressure many of the bodies envisaged and the national interest keenness on the unity of the national. but the experience of governance during the recent months have proved the contrary, coupled practices agonizing against many citizens who believe and claim responsibility Wen Altojehh national, and committed injustices and irregularities in many areas under cursed n uprooting the Baath and the fight against corruption and respect for human now San terrorism and the law, Perhaps the greatest fear is that the security plans announced by the government to setbacks because of the contradictions Aka Emah and conflicting powers between various centers of power .

Therefore, to save the country from the current impasse and the freeing Walsh the onus of the plight of the violence and suffering that the case for some time, mainly concentrated "in the approval process slow and polio Elsie Aceh, institutions and bodies generated by the one hand , and to try to resolve the crisis of governance in terms of the second and Ba work on the pooling of efforts to build a national front range includes Mee keen to save the country and address the dilemmas difficult in accordance with the national democratic committed to abandoning a dependent sectarian and respect for the benefits of citizenship and refuses Altdech foreign and promote national unity and Arab ties and adheres to the integrity and independence of the judiciary The life of the national economy and provide treatments to correct the problem of basic services, unemployment and Ald decent living It provides a "solid" for the overall development. also Wallace Tvadh the support and assistance of the brotherly and friendly countries (AIPAC particularly the United Nations) and in the framework of an international conference - Territory hold this end. The formula for Nah Z urgent tasks essential to rehabilitate the most important% pw with sincere and its security and restore its authority a to fully and the rule of law and order throughout the territory of a nationalist and the face of violence and terrorist organizations and stop Altena free sectarian displacement and return of displaced from their homes and M. Natal and deter criminals and foreign intervention and re-tire Iain migrants, immigrants, refugees and Almgtrbi to Iraq and the restoration of national unity and the protection only Bolivia national and providing the necessary climate for investment Wa the economic growth. all this view, 37-41 cover the necessary environment for the restoration of a set of course, enable the people to build the institutions of constitutional and stories he away the sound, according to the rules of democracy and the basis of the Alarad e free to citizens.

In this context, it has become impossible to continue the existing Iraqi i The night "to assume responsibility in the current government and Els Taha executive and because of the sectarian hegemony and the practices of narrow interests and perspectives. Chairman of the Iraqi National List

As the Turkish government is debating whether to establish dialogue with the Iraqi Kurdish leaders, Energy Minister Hilmi Guler said Turkey would be sitting at the negotiating table next month with the United States and the central Iraqi government in order to explore oil in oil-rich northern Iraq.

Noozz.com | IRAQ

High demand for the dollar and exchange rate stability

Baghdad - (Voices of Iraq)

Increased demand for the dollar purchase auction World Mark like today, Thursday, recording a volume of the 63-million and a 110 Crystal against $ 39 million and 520 thousand dollars yesterday complacency coffer.
Such purchase orders by 16 million and 490 thousand States TR cash and 46 million and 620 thousand dollars in the form of remittances x Large diameter bank has full coverage of exchange rate manipulation recognizing the ability of 1280 dollars, which is the same exchange rate yesterday, Wednesday, .
While he did not make any of the 12 banks offered to sell Aldo Laar of the bank.
Justifying Mr. Yasiri, one dealers with the bank in a statement to the News Agency (a Swat Iraq) the reason behind the absence of independent presentations dollar selling during the current week, except one meeting that the father Laar and started to take stabilization in the exchange rate, The low rate encourages the purchase of more than Alpes Regrettably, for the retention of the largest amount of foreign currency Alabama n without fear of sudden drops. This makes traders and dealers not to overexploit Balmo no cash, they fear any developments that might occur to prevent them the purchase of the second.

Version traduite de la page http://www.aswataliraq.info/?newlang=ara

Council of Ministers adopts amounts for the reconstruction of the city of Tel Afar

(Voice of Iraq) - 01 - 03-2007
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The Republic of Iraq
Council of Ministers-the National Center for Media
Media Relations
A press statement / Press Release
Thursday, 3 - 1-2007

The Council of Ministers amounts for the projects pain Talub implemented in the city of Tall Afar, within the framework of the work of the Commission generally TR Tall Afar and special ministries (municipalities, electricity and Education and Construction, housing, health, transport and machines galleries), after having been approved.

This was announced by Vice-Chairman of the Committee for the reconstruction of Tall Afar, saying : These projects came to deduct up to 16% of the s feast of the total amount is the value of the difference in the exchange rate between the cards TR A'maralthi taken before a year from now and the Altenvi y current with the amounts spent by other Crescent Society a the red relating to the Commission and requires reconsidering P j legal and regulatory requirements of the contract He concluded that the Commission approached the Council of Ministers on your mother topical compensate for those amounts, which will contribute to dissolve Alashka Latt implications between ministries and contractors and emphasized during the expanded meeting, which was organized by the Headquarters Alozar e Wednesday, in the presence of representatives of the ministries concerned that the only loya and the implementation of those projects will be for the people of Tel Eradication Afar exclusively then followed by inviting representatives of Mosul Iluz lari to a schedule each project with the financial position of the Lemp new abolished.

A statement issued by the Information Office of the Ministry of Sana Eh, during the meeting was to review the allocations Alma Why each ministry with the position of implementation rates for each project where T. m allocate six million and a half million dollars to Ozar e Health, which represent the most important projects of Tall Afar hospital in that divides the implementation of the three projects for the rehabilitation of M vast and furnishing of the hospital project was allocated amount of 660 one thousand dollars to the Ministry of Communications, which represented projects the establishment of a new switchboard building another building and the mail and letter b central switchboard capacity of 15 thousand lines, while the allocation of the Ministry of transport quarter of a million dollars, the Ministry of Municipalities six Malay N. and 375 thousand dollars.

At the same through Dr. Farouk Al-Sawaf President the local Tall Afar to improve the security situation in the cascade. brightly will contribute greatly to the smooth implementation of projects It will also have a role in attracting labor force and day Sas unemployment in the city and called on the representatives of the ministries Mentsbihm urged to show up at the project sites, including j shares in the shortening of the time to complete it.

The committee suspended its work since has been referred a total of 29 projects were approved 74 draft to Appau Lin has started the implementation of a few of them, Lang rates different presentations arrived in some 70%.

Originally Posted by goldraker

I remember a year or two ago. I kept seeing reports about Iraq. Having the largest natural gas supply in the world. However it has been reported that they only have 3 trillion. Then we see this, and it says 111 trillion. Things that make you go Hmmmmmmmmmmmmmmm..................

Interesting,

There has been a ton of so called sandbagging going on in Iraq for years, even when Saddam was in control, so this is not surprising to see so many contrary reports on oil and gas reserves, so look for more and more articles to surface now that oil law is finally announced. Just as expected, the Kurd's got their way over Baghdad, so this was important point which demonstrates they have their act together far more than Baghdad, and always did.

Good luck to all, Mike

Asia Times Online :: Middle East News - New law puts Iraqi oil into corporate hands

Middle East Mar 2, 2007

Selling Iraq by the barrel

WASHINGTON - The US-backed Iraqi cabinet approved a new oil law on Monday that is set to give foreign companies the long-term contracts and safe legal framework they have been waiting for, but which has rattled labor unions and international campaigners who say oil production should remain in the hands of Iraqis. Independent analysts and labor groups have also criticized the process of drafting the law and warned that that the bill is so skewed in favor of foreign firms that it could end up heighteningpolitical tensions in the Arab nation and spreading instability. For example, it specifies that up to two-thirds of Iraq's known reserves would be developed by multinationals, under contracts lasting for 15-20 years. This policy represents a U-turn for Iraq's oil industry, which has been in the public sector for more than three decades, and would deviate from normal practice in the Middle East. According to local labor leaders, transferring ownership to the foreign companies would give the United States a further pretext to continue its occupation - on the grounds that those companies will need protection. Union leaders have complained that they, along with other civil-society groups, were left out of the drafting process despite US claims that it has created a functioning democracy in Iraq. Under the production-sharing agreements provided for in the draft law, companies will not come under the jurisdiction of Iraqi courts in the event of a dispute, nor will they be accountable to the general auditor.

The ownership of the oil reserves under this draft law will remain with the state in form, but not in substance, critics say. On February 8, the labor unions sent a letter in Arabic to Iraqi President Jalal Talabani urging him to reconsider the agreement. "Production-sharing agreements are a relic of the 1960s," said the letter. "They will re-imprison the Iraqi economy and impinge on Iraq's sovereignty since they only preserve the interests of foreign companies.

We warn against falling into this trap." Ewa Jasiewicz, a researcher at Platform, a British human-rights and environmental group that monitors the oil industry, said: "First of all, it hasn't been put together in any kind of democratic process. It's been put through a war and an occupation, which in itself is a grotesquely undemocratic process." The law was prepared by a three-member Iraqi cabinet committee, dominated by the Kurds and the Shi'ites. It is now expected to be ratified by Parliament because the powerful faction leaders in the government have cleared it.

The first draft was seen only by the Iraqi technocrats who penned it, nine international oil companies, the British and US governments, and the International Monetary Fund. The Iraqi Parliament will get its first glimpse next week. Concerns about the process are compounded because of the ongoing disputes in Iraq over the legitimacy of the cabinet and the Parliament, which have been constructed by the governing council, which itself was created in 2004 by occupation forces along sectarian lines. In a speech last month by Hassan Juma, head of the Iraqi Oil Labor Union, posted on the union's website, he called on the Iraqi government to consult with Iraqi oil experts and "ask their opinion before sinking Iraq into an ocean of dark injustice". The content of the law has also worried international campaigners and local Iraqi groups who say that it puts Iraqi oil wealth firmly on the path to full privatization.

"The hydrocarbon law reflects the process of readying Iraq's oil for privatization," said Jasiewicz, "drafted in secret, shaped by foreign powers, untransparent, undemocratic and forced through under military occupation." Jasiewicz said the law can be regarded as the economic goal of the war and occupation and that "it will be viewed by most Iraqis as not just illegitimate, but a war crime". But officials with the Iraqi government, who have already sent the draft oil law to Parliament for consideration, say it represents a step forward for the war-torn country. Under the law, oil revenues would be distributed to all 18 provinces based on population size, and regional administrations have the authority to negotiate contracts with international oil companies. Prime Minister Nuri al-Maliki, a close ally of Washington, called the law "another founding stone in state-building". And Oil Minister Hussain al-Shahristani said:

"This law will guarantee for Iraqis, not just now but for future generations too, complete national control over this natural wealth." Initial drafts of the law starting eight months ago saw squabbles between the Kurdish factions who control the northern part of Iraq and the Shi'ite-led regime as they both vied for bigger shares of the country's oil wealth, estimated at 115 billion barrels. That they have finally come to a final agreement may be a sign of long-sought stability.

Yet critics, including Iraqi oil professionals, engineers and union technicians, are instead calling for technical service contracts, meaning a company would come in and offer services such as building a refinery, laying a pipeline, or offering consultancy services, get its fees and then leave. "It is a much more equitable relationship because the control of production, the development of oil, will stay with the Iraqi state," said Jasiewicz. "That is the model that Saudi Arabia, Iran, Kuwait generally operate. There's no other country in the Middle East with the kind of oil reserves that Iraq has that would consider signing a production-sharing agreement," she said. "It's a form of privatization, and that's why those countries haven't signed these, because it's not in their interests." (Inter Press Service)