Thread: Iraqi/Dinar News before 3-12-2007 7:45PM CentralTimeZone

Iraq sets provincial oil production quotas
BAGHDAD, March 5 (UPI) -- The Iraq Oil Ministry will set production quotas for provinces to ensure oil revenue sharing, though the effects of war still hamper the vital oil sector.

"Each province will be notified of its weekly quota to guarantee fair sharing," Oil Minister Hussein al-Shahristani was quoted in a ministry statement.

In order to redistribute oil revenues to the entire country by population, a move more likely after a recent tentative agreement on a hydrocarbons law, the provinces will be relied upon to keep oil production at a certain level to guarantee they receive money, the Voices of Iraq news agency reports.

Iraq has 115 billion barrels of proven oil reserves and produces about 1.7 million barrels per day, though that's nearly a million before prewar levels.

Development of its struggling oil sector has been hindered by the current violence and lack of security, as well as the absence of a law governing the country's hydrocarbons sector.

Last week, the central government and Kurdistan Regional Government agreed to a draft of a law that outlined the role of each in developing oil resources.

Attacks, the lack of investment and inconsistent supplies of electricity are hampering both production and refining, keeping provinces from hitting quotas.

"The ministry was using the pre-planned system to distribute oil products over the Iraqi provinces but due to sabotage and technical glitches there was a gap between the planned amount and the actual distributed amount," Shahristani said

Originally Posted by Hardwood

I think this person is tipping us off!

Supply and demand has created a lower demand for dollars. The banks are holding their Dinar. Perhaps in anticipation of something BIG? Hmmmm...

I totally agree, only time will tell, lets keep an eye on the auctions!!
Leann

Iraqi Parliament on Sunday evening and the day on March 4, 2007 with Dr. Adam and brother Jabbar and talk about
(Voice of Iraq) - 04-03-2007

Iraqi Parliament on Sunday evening and the day on March 4, 2007 with Dr. Adam and brother Jabbar and talk about whether the Iraqis are forced to pay overflight eighth Maharpt terrorism timing of seven Central Europe. We draw your attention to all participating and enrich the debate to serve Iraqna passion

http://64.233.179.104/translate_c?hl...p%3Fid%3D47287

Originally Posted by CharmedPiper

The House resumes its sessions tomorrow
Baqir al-Hadi 05 / 03 / 2007-14:43

The Euphrates channel space is that the parliament will resume its meetings tomorrow, Tuesday after the end of the first Legislative chapter for the current year. It added that the first deputy Canal the President of the House of Representatives Sheikh Khaled al-Attiya confirmed that he will be tomorrow, Tuesday held the first hearing of the House of Representatives for the first Legislative chapter for the current year.

She explained that it is expected to be ratified by the House of laws and a number of important projects including the oil, gas and cabinet reshuffle the new law, expected to uproot the Baath. The news agency pratha (father)

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Correct me if I'm wrong, but is this aticle stating that parliament is back in session tomorrow ?(tues 6th) I'm only asking because there have been several other articles suggesting other dates. (no offense cp)
Leann

Originally Posted by bambiebdgrl

Correct me if I'm wrong, but is this aticle stating that parliament is back in session tomorrow ?(tues 6th) I'm only asking because there have been several other articles suggesting other dates. (no offense cp)
Leann

That's exactly !!! Whats it's saying !!!!!!!!!!!!

Expert criticizes Iraqi oil with the participation of foreign companies in Iraq proposed
Source : KUNA-05 / 03 / 2007

Expert criticizes Iraqi oil with the participation of foreign companies in Iraq proposed Iraqi oil expert criticized the participating oil with foreign companies in Iraq proposed a draft law to the oil investment decision the discussion in the Iraqi parliament.

He said the Chief Economic Adviser and the Iraqi Oil at the University of Basra Abdaljbar Alafi in the Kuwaiti Economic Society meeting last night, that the bill, which was approved by the Iraqi Council of Ministers finally need drastic changes to fit the aspirations of the Iraqi people and the ideal of its oil.

He added that the project Alafi teeming much of the misinformation and Ainassv the Iraqi people and expressed his belief that had been prepared for the benefiting companies foreign technical expertise, which possesses high compared with local firms, which are still working according to the 1960s technology.

He explained that the bill allows foreign companies with access to the vast experience of exploration contracts to Iraqi companies, pointing out that many those foreign companies fact reserves and the quality of rock and Altkoneh and other movements to their own interests.

He pointed out that this project effects of a sensation in the Iraqi street, because of lack of balance between the interests of Iraq and the foreign side.

Alafi said that the reserves of Iraqi oil explorer currently estimated at about 115 billion barrels, while there are expectations that Iraq swim the pool of oil reserves, estimated at about 215 billion barrels of oil, and is approaching the level of reserves of Saudi Arabia.

He added that Iraq Aintj not more than two million barrels a day because of the modest production capacity, pointing out that Basra Governorate southern, which produces one million barrels per day oil is the richest in Iraq compared to the realm of Kirkuk, which exceed 250 thousand barrels daily. .

Regarding the evolution of energy in the world said that the Middle East are among the richest in the world in terms of oil reserves explaining that some oil fields in the world started to dry up and attracted attention to the Middle East as a primary source of energy resources.

For his part, Chairman of the Board of Directors and Managing Director of the company in the international investor Adnan Sea in the meeting that we must for Annzar sensitivity in the area of competition on the production and exploration of oil in the country between Arab foreign and national companies.

He added that the Caribbean must look to the national interest through the selection of the best offers that provide comparative advantage to our economy, pointing to many Kuwaiti companies investing abroad and there States allow them because of their bids commensurate with the the interests of the State of the investor.

He pointed out that it can be maintained for workers and the national interests of national companies through offers own or with the participation of foreign companies in some production processes, advisory or allow the national labor work in the sector of foreign companies the winner in the project through contract with them.

For his part, the oil expert Dr. Osama Jamali that the oil producing countries, in fact, are not producing countries, but extracted oil It is, therefore, did not have any role in the production of this vital resource that has been explored in the ground ready.

He added that Jamali must for this oil-producing countries that exploited in the development of their economies through the creation of productive sector contributes to diversify the sources of national income.

Originally Posted by bambiebdgrl

Correct me if I'm wrong, but is this aticle stating that parliament is back in session tomorrow ?(tues 6th) I'm only asking because there have been several other articles suggesting other dates. (no offense cp)
Leann

I saw one article that said "March10th" which would be this coming Saturday, and another that referred to "Monday, March 13th" which either means Monday March 12th or Tuesday, March 13th.

However, both of those articles were dated prior to this one. It appears that the heat is on to get things done and they are going back into session earlier than originally planned. That is great news.

Originally Posted by jessemac

That's exactly !!! Whats it's saying !!!!!!!!!!!!

Not sure, but all we have to do is wait ,and our RC family, will help us out, and clarify it for us.
Leann

The Parliament will be in session again on Tuesday March 6, 2007 at 11 AM which means in about one hour from now. If all goes as scheduled they will approve the HCL!

Originally Posted by Cdn Scrooge

I saw one article that said "March10th" which would be this coming Saturday, and another that referred to "Monday, March 13th" which either means Monday March 12th or Tuesday, March 13th.

However, both of those articles were dated prior to this one. It appears that the heat is on to get things done and they are going back into session earlier than originally planned. That is great news.

I saw those also, that is why I was so confused. I really think we need to just sit tight and enjoy the ride. It will happen, and I truley believe it will happen soon.
Leann