Thread: Iraq/Dinar News Until 5/31/2007 7:15 PM CST..

Visiting Iraq Oil Minister invites Indian oil firms to build refineries
4 Hour,50 minutes Ago

New Delhi, India: Visiting Iraqi Oil Minister Hussain al-Shahristani today invited Indian oil companies to build oil refineries in Iraq.



"Iraq is very keen to build new refineries, upgrade existing refineries and also develop oil fields. These are all areas Indian companies are competent and they can bid for these contracts," said Shahristani.

Replying to a question, Shahristani said discussions are on with Iran over building a pipeline to take crude from southern Iraqi oilfields to an Iranian refinery.

"We are talking to the Iranians about a new pipeline to supply crude oil for the Abadan refinery and we expect to finish our discussions in a month and sign a contract… and also we are talking to them to build a second pipeline to import some refined products from the Abadan refinery to the Iraqi market," he said.

The proposed pipeline is to carry 200,000 barrels per day of Iraqi crude.

Shahristani is on a four-day visit to India to invite Indian firms to set up oil refineries in his country.

During a visit to Riyadh earlier this month, Oil Minister Murli Deora met Shahristani and raised the issue of moving forward with ONGC Videsh Limited’s participation in Iraq’s upstream oil sector.

According to the Organization of Petroleum Exporting Countries (OPEC) web site, Iraq has a refining capacity of 603,000 barrels per day (bpd). It produces 477,000 bpd of refined products and consumption stands at 514,000 bpd.

Iraq's oil-reserves are the third largest in the world. A total of 15 onshore oil and gas assets are to be auctioned once the law is passed.

Foreign investment is crucial for Iraq's plans to ramp up production from its oil sector, which has suffered from years of mismanagement and sanctions.

Accord Front : not agree with the bill oil

(صوت العراق) - 26-05-2007

(Voice of Iraq) - 26-05-2007

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Accord Front : not agree to a draft law to amend the constitution before oil I.

The Kurdistan Alliance : If not serving our interests reject proposed legislation

Baghdad : Haidar Najm
Differing opinions and positions varied between blocs within the Chairperson of the Chamber of Deputies to the Iraqi oil bill, a new count by the government and many politicians, that one positive solutions to eliminate or reduce the violence and sectarian tension in the country, and help promote the oil sector and the country's economy, , which had suffered from a significant deterioration, in a time of increasing pressure by the United States on the political blocs in order to establish law and validation.

».

He explained Hussein Alflogi member of the House of the Iraqi Accord Front, the Front «will not agree to pass petroleum law, if not amend the Constitution first, which is final and fateful decision, legitimate front for the time being. It also represents a legal agreement in the past with other parties before the formation of the government », emphasizing« the presence of foreign and American desire to pass the law for the oil cartel known historical motivation and to meet the desire of large corporations, which covet Iraq's oil monopoly, and the pressure generated adverse reactions ».
For his part, Dr. Mahmoud Othman, MP from the Kurdistan Alliance bloc, said that the oil and gas which many positive aspects, but, at the same time, carries some deficiencies in its incomplete, particularly for paragraphs on the territory of Kurdistan. Linking Osman bloc approval of the bill talks conducted by high-level Kurdish delegation headed by the President of the territorial government Najirfan Barzani with the central government in Baghdad, saying : «If agreement and resolve the outstanding items in paragraphs wanted this law with the territory, we will agree with this law».

Attorney Ayad Jamal al-Din on the existing Iraqi national, led by former Prime Minister Ayad Allawi, agreed with Bahr Al-Uloom, saying that «this law which many positive points, but for the process of implementation of the contracts must be carried out under the supervision of the central government, and the preparation of the contracts can be a contribution from the regions, provinces, as well as the case for the distribution of petroleum products, however, must be the center and the participation of the Non ». The deputy said Abbas Bayati from the United Iraqi Alliance, some changes have been made in a meeting yesterday of the Commission to amend the constitution to materials for oil, which gave assurances to the parties that were apprehensive and apprehension of this Act.

Middle East

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

Iraqi Vice expected collapse of the political process

(صوت العراق) - 26-05-2007

(Voice of Iraq) - 26-05-2007

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Baghdad Mazen's :
Sign parliamentary possibility of the collapse of Iraqi political process in the context of the new American strategy in Iraq, the deputy said Hassan al-Shamri, the bloc told Virtue »homeland« that the decisions of the Sharm el-Sheikh made the failure in Iraq is the responsibility of the Iraqi government, and that failure in Iraq caused enticements political parties and not because of the mistakes committed by American forces since April 2003.
He said that the initial results in the analysis of field scene, confirm what the American President George Bush when expected »Iraqis hot summer«, said »in political analysis and the inclusion of possibilities of what it could be, we have to expect direct American intervention in dealing with the variables of the reality on the ground, marginalizes including scientific or political collapse completely, and then this deal will be the American reality emerging on the political scene, makes it the confrontations that could occur in the coming days and weeks, and the resulting variables on the ground, the situation realistic in drawing the political map of the future of Iraq.
He cautioned Shamari that ownership has not been spared from the hands of participants in the political process, stressing «repeatedly announced to our political reform, and begin the process of genuine national reconciliation, dealing with everyone except the rule, and correct expectations that the failure to start this process will make the other first and foremost the United States, dealing with the Iraqi file, according agenda is not the agenda by carrying Iraqi national and legitimate constants reflect the hopes and aspirations of the Iraqi.
But MP Hassan Al-Sunaid, a leading figure in the Dawa Party and a member of the House told »homeland« All leaks and statements on the escalation of the civil war or sectarian strife just Thoellat information used in the struggle between the two Americans. can fade and ends upon completion of the issue of financing the budget war in Iraq and Afghanistan. The Sunaid the American strategy in Iraq situation fixed without substantial changes, and differences in the tactics used, the actual situation.
Kuwaiti homeland

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

Originally Posted by neno

Anything not related to this will be deleted. Please post anything (comments/questions) related to the News Articles involving only the Dinar/Iraq in this "Think Tank". If you have anything that you feel needs futher attention, please feel free to create a thread for that , or, we have other threads and a crazy thread for most things. Thanks Ahead.

I am getting for to many complaints on the "Chit-Chat" that is stealing my time from other areas of Rolclub. Please, kindly do it in the other marked Threads. Or I will just have to start deleting post in the "Think Tank". I dont have the time to move post every hour. I know you guys are having fun, but please have it in the appropriate places. Last Moves this time. Thanks-neno

Originally Posted by shotgunsusie

GRABBIN YOUR FEATHERED A$$ UP AND KISSIN YOU RIGHT ON THE BEAK!!!!!

Kurds support new oil law, a key benchmark
Agreement to share oil wealth could open economy to new investments

Updated: 5:36 p.m. AKT Feb 24, 2007
SULAIMANIYAH, Iraq - Kurdish authorities have agreed to back a draft law to manage and share Iraq’s vast oil wealth, removing the last major obstacle to approving the measure and meeting a key U.S. benchmark in Iraq, a top Kurdish official said Saturday.

Approval of a new oil law could help open the way for international oil companies to invest billions to upgrade Iraq’s decrepit wells and pipelines and exploit the country’s reserves, among the world’s largest.

The bill also provides a formula for distributing revenues among all major ethnic and religious groups, easing Sunni fears of being cut out of a future bonanza because their central and western homelands lack extensive reserves.


Aye!!

Captain Jack Sparrow says you need a couple more hits on the bong!! Look at the date on your log!! If you post old information, don't claim it as new or you will end up with Davy Jones. Do you think if you tell a lie long enough people will believe it?

No RV this Sunday, you and Rolls Royce are all wet from walking the plank.

Captain Jack Sparrow

Originally Posted by Captain Jack Sparrow

Kurds support new oil law, a key benchmark
Agreement to share oil wealth could open economy to new investments

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Updated: 5:36 p.m. AKT Feb 24, 2007
SULAIMANIYAH, Iraq - Kurdish authorities have agreed to back a draft law to manage and share Iraq’s vast oil wealth, removing the last major obstacle to approving the measure and meeting a key U.S. benchmark in Iraq, a top Kurdish official said Saturday.

Approval of a new oil law could help open the way for international oil companies to invest billions to upgrade Iraq’s decrepit wells and pipelines and exploit the country’s reserves, among the world’s largest.

The bill also provides a formula for distributing revenues among all major ethnic and religious groups, easing Sunni fears of being cut out of a future bonanza because their central and western homelands lack extensive reserves.


Aye!!

Captain Jack Sparrow says you need a couple more hits on the bong!! Look at the date on your log!! If you post old information, don't claim it as new or you will end up with Davy Jones. Do you think if you tell a lie long enough people will beleive it?

No RV this Sunday, you and Rolls Royce are all wet from walking the plank.

Captain Jack Sparrow

Uh yeah...this had been covered about 6 hours ago!!! Move on Craptain!!! There is still exciting news out there......day late and a dollar short????

Originally Posted by MOM2TWO

Uh yeah...this had been covered about 6 hours ago!!! Move on Craptain!!! There is still exciting news out there......day late and a dollar short????

You mean the news of Al Sadr's coup with the Sunni's to take over the GOI!!

Originally Posted by Captain Jack Sparrow

You mean the news of Al Sadr's coup with the Sunni's to take over the GOI!!

hmmmmmm, I think that I know what neighborhood you came from!!! Yes, we have covered that here on rolclub....no worries!!! We are all good!!

Originally Posted by neno

LOWER DENOMS!!!!

I thought that was an old post from Feb., why is everyone still referencing it.
barmurphy

Originally Posted by barmurphy

I thought that was an old post from Feb., why is everyone still referencing it.
barmurphy

المركزيThe insistence to continue the monetary policy of the Central Bank
25/05/2007Business and Economy-25/05/2007

They are talking about another from earlier today, different than this one.