Thread: Iraq/Dinar News until 5/23/07 Midnight CST

Originally Posted by cooldolphins

Will pray for your safety while there!!!

Thanks, I will be headed home in a couple of weeks for a few days of R&R. I am hoping for an RV so that I can stay home and try to fix a few things.

eastman

Indian firms to tie with Iraq on oil



Indian public sector firm Oil and Natural Gas Corporation Videsh Ltd. (OVL) and a private sector firm Reliance Industries Ltd (RIL) could soon tie up to strike a strategic relationship for overseas gas and oil projects, national daily, The Hindu, reported Monday.

The newspaper reported that OVL is keen to revive talks with Iraq to get a stake in its Tuba oilfield. The newspaper quoted an unnamed official from OVL as saying that they were open to more of such partnerships with RIL.

It is reported that OVL had already completed negotiations with the Iraqi Government for the stake in the oilfield but the deal could not reach its final stage since the then Saddam government got overthrown at the time.

Had that deal gone through, OVL and RIL would have held 30 percent stake each in the oilfield. The remaining 40 percent stake would have been held by Algerian firm Sonatrach.

The newspaper reported that Indian Petroleum Minister Murli Deora, during his talks with the Iraqi oil Minister Hussain Al Shahristani, at the Second Asian Ministerial Energy Roundtable in Riyadh recently, had raised the issue of OVL's participation in Iraq's upstream oil sector.

The newspaper said the OVL would now resume talks with Iraq on the issue.

Indian oil firms are under a mandate to seek oil equity abroad since the country is heavily dependent on imports.

Calls for reforming Iraq's oil law

14 May 2007 (MENAFN)

A founder of Iraq's National Oil Company (INOC) stated that Iraq's draft oil law has many mistakes that must be corrected before international companies are to invest in the country's capital or technology, Iraq Directory reported.

He went on to say that the draft law has importance in securing the billions of dollars necessary in increasing the country's oil output to the desirable level and further to rebuild Iraq's economy.

Iraq's new oil draft law is also looking for a newly established INOC to control the country's current oil fields and to set up a national federal oil and gas council.

Claims to distribute Iraqi oil revenues centrally


13 May 2007 (Iraq Directory)

Former Iraqi oil minister of oil, Dr. Ibraheem Bahr al-Uloom, said: "The preliminary indications started to rise towards identifying the Iraqi economy pathways in light of the political and social transformations taking place in Iraq, and chart features on the ruins of totalitarian policies, which included most of the economy over the past decades", adding: "The economic situation in Iraq today requires a strategy capable of producing a balanced view in support of the private sector to activate its role in the process of building".

He stressed: "That does not come through the method of the "shock", but through the scientific treatment and thoughtful balance between external variables and the Iraqi reality within a gradual transition".

Dr. Bahr Al-Uloom said: "There are disadvantaged and poor living standards, which is shown in a study by the Central Agency for Statistics in the Ministry of Planning and Development Cooperation recently", indicating that: " balancing the needs of the governorates and the distribution of development projects need to end the injustice and unfairness".

He called: "to distribute oil revenues centrally, taking into account the need standard in investment programs and subsidies".

20 construction companies on the blacklist for failing to implement projects in Babylon

13 May 2007 (Iraq Directory)

Governor of Babil, Salim Salih Almesalmawi, revealed the local government's intention to include twenty contracting companies and contractors on the blacklist expressing his regret for the loitering of these companies in the implementation of projects assigned to them.

The governor said in a press statement that: the governorate will inflict the harsher penalties on the companies and contractors who are proved to delay in the implementation of reconstruction projects in the province for the current year 2007. He explained that some 20 construction companies and contractors would be included on the blacklist and deprived in addition to the other penalties under the law.

Almesalmawi pointed out that the ratios of technical achievement of reconstruction projects for the current year are good when compared with last year rates, indicating that they exceeded (15%) and more than 114 projects are being implemented are transferred to contractors while the rest of the projects will be transferred within weeks. The inhabitants of Alwaeli district organized a sit-in in front of the headquarters of the Provincial Assembly last week to protest against the poor services in their district; they ended their sit-in after receiving official promises to develop the services sector in their district.

Originally Posted by rvalreadydang

nine million Iraqis live under poverty line





بغداد - الصباحBaghdad-Sabah.
لها.She said the Ministry of Planning and Development Cooperation so years that nine million Iraqis living landing poverty line according to the sociological survey conducted by the Central Statistical Program.






عدم محافظاتAn official source at the ministry that "this survey was conducted on different samples in all governorates where results showed that more than nine million Iraqis living landing poverty line due to the adoption of a large proportion of them on food subsidies and subsidized basic commodities such as fuel in addition to the Iraqi markets laptop regularly. He added : " The CSO put the results of this survey in the plans of the Ministry of Planning future aim of reducing rates of poverty and help Iraqi families to overcome poverty line, pointing out : "there are many training programs in cooperation with a number of ministries for the operation of the unemployed and thus eliminate unemployment is one of the causes of poverty. The latest economic studies have The earlier that the incidence of poverty in Iraq rising continuously due to the lack of plans and projects reduces Alfaqradviseri in all governorates
Translated version of http://www.alsabaah.com/

how ignorant is this? sittin on top of all that black gold. christ they could blow up some ground in the back yard and sell the oil.

Kuwait's dinar may rise by 3pc
KUWAIT CITY: Kuwait's central bank is expected to allow its dinar to appreciate by three per cent in the next six months to check inflation and soak up cash pouring into the economy, Deutsche Bank said.
The dinar is pegged to the dollar which has tumbled for much of the past 18 months and touched a record low against the euro in April.
Speculation about a revaluation in Kuwait gathered momentum this year as hopes for a deal on regional monetary union faded.
The Gulf nations pegged their currencies to the dollar to prepare to create a single currency in 2010.
"We continue to expect the central bank to announce a widening of the current band and expect a 3pc appreciation of the dinar in six months' time," Deutsche said in a note, estimating the dinar exchange rate would change to $0.28907 from $0.28914 now.
The dinar, which was allowed to appreciate around 1pc against the dollar in May last year, is trading at the strong end of the central bank's 3.5pc band.

In Dukan ..Leadership Alcordstanih follow regard Alkordi

(صوت العراق) - 14-05-2007

(Voice of Iraq) - 14-05-2007

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Dukan-fraternization
Mr. Barzani arrived Najirfan head of government territory Kurdstan yesterday at the head of a senior delegation to resort Dukan, where he met Mr. Kosert Rasul, the Deputy Head of the province .. And then a tripartite meeting between Messrs. territory Vice President and head of government territory and Hussein Shahrastani, Petroleum Minister federal Iraq, which they discussed various aspects to provide stability for oil operations and securing oil products of the province and establishment of a number of oil refineries in which ... After a joint meeting between Mr. Najirfan Barzani and the delegation accompanying him, and the number of members of the leadership of the National Union address various walks Puk Puk, the Iraqi issue and further unify positions on public issues and fateful for the people of Kurdstan. the parties also condemned the abhorrent terrorist acts witnessed in a number of areas, including the territory of Kurdstan Irbil, drunk and miserable as attempts to undermine security and stability in the province .. This is scheduled to visit shortly senior delegation from the government of the territory Kurdstan to Baghdad to discuss the new oil law, and a number of common issues with the federal government of Iraq.

Translated version of http://www.sotaliraq.com/

Dr. Mahmoud Othman : the presidency of the parliament was unable to

(صوت العراق) - 14-05-2007

(Voice of Iraq) - 14-05-2007

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Dr. Mahmoud Othman : the presidency of the parliament was unable to properly management meetings

Baghdad - fraternity-Mohammed Aldlewy
MP on the list of coalition Puk Dr. Mahmoud Othman said that the presidency of the parliament was unable to chair meetings of the Council are true and weak performance stressing that the failed presidency of the Council during the last period management meetings. Uthman added in a statement to the correspondent fraternity (I think that the performance of Parliament as a whole and the performance of the presidency of the parliament basically weak and failed), he said it should be no change in the Presidency or the replacement of the members of the Presidential Council. Othman explained that Parliament suffers from inconsistencies in meetings held one hand and then the other. As the date of the meeting is supposed to take place at 11:00 am, but delayed to one and a half backstroke what deputies feel fatigue, hunger, especially after the closure of the cafeteria. He stressed that the meetings are wrong times basically wondering why Itim compliance date for the meeting as specified in the agenda.
He noted that the agenda presented to the membership before entering the meeting and should be done one day before, at least for consideration. There are also topics come to the Presidency and unkept presentation to the Council during meetings such as the lifting of the immunity of some deputies. The method of talk in the Council was not moving properly and not according to electronic registration on the plate in the Council and stressed that all those points were made blaming weak performance of the Council of the Presidency bear it.He criticized MP Mahmoud Othman way it conducts meetings with the President of the Council said that the comments Almchidani pronounced in the Council are incorrect and beautiful.

Translated version of http://www.sotaliraq.com/

Iraqi Parliament tends to accountability deputies are advisers to the owners

(صوت العراق) - 14-05-2007

(Voice of Iraq) - 14-05-2007

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BAGHDAD : Alaa Hassan

Sources close to the Iraqi Parliament Speaker Mahmoud Almchidani yesterday from the presidency of the parliament to take action against a number of representatives from the United Iraqi Alliance (Shiite), which leads the current government, are proven to work as advisers to Prime Minister Nuri al-Maliki.
The sources added that the "House of writer, Sami military, and Hassan Al-Sunaid, Haider Abadi described collected between Deputy Counsel, which is a violation of the rules of procedure of Parliament", the military denied he is a candidate for the one vacant portfolios, working as an adviser to the owners.
Meanwhile, security sources disclosed the deputy armed group linked, active in the Mansour district capital Baghdad. The sources said that was obtained confessions from detainees on this subject, noting take action against MP, who is currently residing in the Jordanian capital Amman.
The sources refused to disclose the name given to the Attorney referral to file a judicial authorities.
So, chest bloc refused to join any new coalition, the Bloc MP said Falah Hassan Chanchal : "What is happening now is a political movement, we believe that it can not provide solutions to the Iraqi problem, our position on those alliances depends on the amount of achieving national sovereignty, and the departure of the occupation forces. Sadri trend continues within the United Iraqi Alliance. "

Translated version of http://www.sotaliraq.com/