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

Indian oil assets in Iraq may come under scrutiny
Posted May 26th, 2007 by TariqueEconomy By IANS

New Delhi : A consortium led by ONGC Videsh, the overseas investing arm of the state-run Oil and Natural Gas Corp (ONGC), would now have to bid for an oil asset in Iraq that was almost awarded to it by the previous government.

This follows Baghdad's decision to enact a new legislation that would require all oil contracts awarded by the erstwhile Saddam Hussein regime to be scrutinised closely, the country's Oil Minister Hussein al-Shahristani said Friday.

"Yes, any company that wishes to participate in Iraq would now have to bid for the assets," al-Shahristani told reporters here after a meeting with India's Petroleum Minister Murli Deora.

The consortium, which includes Mukesh Ambani's Reliance Industries and Sonatrach of Algeria, was on the verge of securing the Tuba Oilfield, and had been asking Iraq for permission to start work there.

"We do want Indian entities to explore oil in our country," al-Shahristani had told reporters earlier in the day after a meeting with Prime Minister Manmohan Singh.

"But the Iraqi government is passing a new law. And all contracts or oil fields awarded previously will have be vetted under the law," added the minister, who is here to push energy ties with India and seek investments by Indian firms.

ONGC had also signed a contract for an exploration block in the western dessert of Iraq in November 2000, which was ratified by the government in May 2001. Oil ministry officials from Iraq said that this too would be scrutinised.

The oil minister explained that there were four categories of oil assets in his country. Among them, national oil firms would have exclusive rights to 27 fields that are discovered and developed and 25 others that have only been discovered.

Only 26 discovered fields, including Tuba, and 65 oil exploration blocks would be opened for bidding, he said. "Indian companies would be free to participate. No oil field will be earmarked for a specific country."

He said specific dates have not been decided on when the bids will be invited.

The oil minister said Iraq was currently pumping 2.7 million barrels of oil per day and the target was to increase it to four million by 2010 and six million over the next 10 years.

Iraq is said to have proven oil reserves of 112 billion barrels, which is second only Saudi Arabia.

Indian oil assets in Iraq may come under scrutiny | Indian Muslims

Originally Posted by oldskiier

incase you don't know what the means ...it's "Just My Oinon" !!!...

Somebody's a little burned out but that's "just my tomato"

Originally Posted by oldskiier

You Show Me 1 Link Just 1 ...where it says it's going to RV & when ....and If I had the time ...I would show you many where it says "When the Economy grows , the dinar will get stronger"....!!!! LOL.....

my guess is from, over 2 1/2 years & about 10,000 hours of reading on the internet ....so take it for whatever you want

And by the way ...I put on that post JMO...incase you don't know what the means ...it's "Just My Oinon" !!!...so don't go telling me that I don't know what will effect the IDQ exchange rate !!! LOL

Isn't that some type of sushi??? ugh, I am about sick to death of seafood around here!!!

That there was puree' funny!

Originally Posted by Dinar Cha Ching

Somebody's a little burned out but that's "just my tomato"

you gotta love week ends around here

Najirfan Barzani discuss security and political developments and economic

(صوت العراق) - 27-05-2007

(Voice of Iraq) - 27-05-2007

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Najirfan Barzani discuss security and political developments and economic ..A positive atmosphere prevailed discussions prime minister of the Kurdistan with officials in Baghdad

Baghdad / long

A positive atmosphere prevailed in the discussions between Prime Minister Nuri al-Maliki and head of government Najirfan Barzani's Kurdistan province on a number of issues concerning the political and security situation, including the issue of the constitution and the distribution of oil imports and other financial matters and article 140 of the Constitution, as well as the pattern of the relationship between the federal government and the government of Kurdistan.

Following the completion of the meeting, the two sides held a joint press conference, GOI Barzani support the territorial government to the central government.

The head of the territorial government in Baghdad earlier to complete the discussion of issues has been described as positive.

The committee re-drafting of the Iraqi Constitution has been referred questions law distribution of wealth and the powers of provinces and Article 140 of the Constitution, to normalize the situation in Kirkuk and other areas in Iraq disputed, the heads and leaders of political blocs and entities in order to reach a final solution in this regard.

It was Barzani had discussed these issues earlier with the vice president, Adel Abdul Mahdi, said after the meeting : that the visit comes within the framework of research with the Baghdad government on the distribution of imports and territorial guard forces, in this regard, pointing out that there is a common understanding that the meetings will continue until a solution. For his part, Vice President of the Republic has been found on the achievements of the Kurdistan region at various levels, pointing to the cooperation between the two sides, and said : "We agreed on the principles and mechanisms to look good execution.

In relation to the national security adviser Muwaffaq al-Rubay'i that membership of the Commission formed a number of ministers to determine the future of the Peshmargas in Kurdistan.

Following his meeting with Barzani in Baghdad to discuss a series of issues of common relationship : a meeting with a group of security ministers and the Prime Minister of Kurdistan, the main theme discussed at this meeting, is to transform s forces troops to guard the territory, and there was a group of titles and raised fundamental questions including : what is the size of the territory, and what functions? What is the function of these forces? As well as the size and the number and type of iron? Will the part of the army or police, or whether they are between the two. At the same The spokesman leadership Bischmaraka Kurdistan Jabbar aide-de-camp in a press statement that the delegation held a lengthy meeting was devoted to discuss the details of the expenses Troops Territory (Bischmaraka Kurdistan), was attended by a high-level delegation from the central government, headed by Dr. Muwaffaq Al-Rubaie, national security adviser delegation from the multinational force and two delegations from the British and American Embassies in Baghdad.

Within the territory Christan delegation meetings, discuss Deputy Prime Minister Zubai peace with the government of President Barzani of the Kurdistan Najirfan number of issues of local, regional and international levels as well as the political process and the plan to impose law and the ways to increase the effectiveness of the security forces and injecting new elements of the Army forces deployed in the northern areas.

Barzani also discussed with the Iraqi Communist Party secretary, Hamid Majid Moussa, in another meeting for the current situation in Iraq, particularly on the security front, in addition to considering the results of talks between the central government and the government of Kurdistan region on issues related to the province, where the two sides stressed the need to find appropriate solutions that satisfy all parties, Turning to the question of the two sides constitutional amendments approved mechanism contained in the Constitution itself in this regard.

The Najirfan Barzani had earlier met former Prime Minister and member of the United Iraqi Alliance list Ibrahim al-Jaafari, where the two sides discussed the latest developments on the Iraqi political scene, the region and the ongoing talks in Baghdad between the central government and the government of Kurdistan.

On the other hand, the President reviewed government in Kurdistan with Finance Minister Baqer Jabr Al-Zubaydi reality services in the province and major projects being implemented in the area of housing, reconstruction and development of universities, water projects and other service projects that contribute to achieving prosperity. For his part, Al-Zubaidi that the Ministry of Finance began to follow up the implementation of the budget disbursement for each governorates of Iraq, including the province's budget, which would contribute significantly to the evolution of the reality of services called for a strengthening of resources through the activation of customs and tax departments in the province, attended the meeting, Minister of Planning Dr Baban and Oil Minister d. Hussein Shahrastani, Minister of Finance of the Territory Sarkis Aga Jan, and a number of advisers and Minister of Finance and officials of the Kurdistan province.

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

I dont know why your all getting so testy..shotgun says its in the bag for this weekend what have we got to worry about??lmao

Oil : electricity blackouts and increased demand for derivatives

(صوت العراق) - 27-05-2007

(Voice of Iraq) - 27-05-2007

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Oil : electricity blackouts and increased demand for oil products and fuel crisis behind ..Despite the disruption of 90% ..Electricity industry calls for halt factories

Baghdad / long

In an effort to find a solution to the electricity crisis that seemed intractable approached the Ministry of Electricity and Ministry of Industry to halt laboratories and factories for two months, to invest this period for maintenance purposes, as witnessed the central and southern regions Saturday night and Sunday morning Extinguished full power outages.
An official source at the Ministry of Electricity, said that the ministry had approached the Ministry of Industry is stopped labs and factories affiliated to it in order to reduce the size of the withdrawal of electricity and reduce loads in the peak period of the year and in July of a father, pointing out that it provides amounts of electrical power produced by power plants and converted into residential areas to reduce the hours of the pieces programmed and alleviate the suffering of citizens in the summer months, according to him.

Spe******ts said that 90% of the Ministry of Industry and Minerals, which requires enormous energies to high electricity stalled by the lack of processing as well as the destruction of such labs because of the looting and destruction that affected after the fall of the regime in addition to cutting hours programmer who arrived early this month to more than (22 hours) per day and going out accompanied by full pan Baghdad governorate over three days during the first week.
On the other hand, the Minister of Electricity visit to the national control center and began management system directly through contacts with all the control centers in the provinces and managers of production and distribution in the center and south. He stressed the need for communication managers distribution provincial assemblies and clarify the damage to the system by repeated interruptions and the need to overcome the crisis and called for the cooperation of all officials to the need for the completion of the periodic maintenance of all units and operation of the new units during the next month, and officials say at the ministry said that the operation of these units will develop the system The actors contribute to the stability of electricity, which will reflect positively on the blocks.
The ministry invited the governorates of Basra and Nasiriyah commitment to the quota allocated to them energy has happened in three after midnight Saturday and Sunday morning Extinguished fully in the central and southern regions, including that of Baghdad.
A source in the ministry authorized : While we reiterate our call on all parties to abide by quotas established in response to orders of the national control center for the maintenance of the components of the network because the recurrence of going out full uncontrolled lead to damage to the network may be difficult to repair some of them, and everybody will be harmed in the event of non-compliance. "
It said Assem Jihad, spokesman for the Ministry of Oil, Saturday, the constant interruption of power and the increased demand for ethylene (gasoline, kerosene) for the operation of generators and behind the huge mobilization stations in Baghdad.
He added Jihad in a press statement that at the ongoing power outages and increased demand for ethylene (gasoline, kerosene) for the operation of generators and portable operation especially after the decision based on security plan identifying Baghdad traffic large vehicles, trucks and tankers carrying oil derivatives of the main causes behind the huge mobilization stations in Baghdad.
He explained that the ministry is currently trying to provide larger quantities of oil derivatives to citizens, after having requested the security authorities to allow traffic to facilitate oil tankers supplying fuel stations in Baghdad traffic.
He pointed out that the ministry Jihad had recently rehabilitated a number of mobilization stations, fuel was halted on both sides of Karkh and Rasafa in Baghdad and returned to service; In order to absorb the momentum happening in other fuel stations.
Jihad did not say when rehabilitation of a number of mobilization stations, fuel or the names of those stations.

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

Explosion carrier oil pipeline west of Kirkuk

(صوت العراق) - 26-05-2007

(Voice of Iraq) - 26-05-2007

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Kirkuk-Iraq votes

By Essam Tariq

A security official source said Saturday that unknown detonated an explosive device on a carrier oil pipeline west of Kirkuk, which led to a fire in the pipeline.

The source, who requested anonymity, told the Independent News (Voices of Iraq) that a fire broke out Saturday evening huge when a bomb exploded on a carrier oil pipeline west of Kirkuk.
The explosion occurred on a carrier oil pipeline from Kirkuk to Baiji near the village of zero (45 km west of Kirkuk).
The fire broke out, at dawn on Thursday, due to the explosion in oil wells in the area of junction west of Kirkuk.
The armed group last year, the bombing of three major oil wells in the oil fields Khbazeh (25 km south west of Kirkuk) Eventually, the Iraqi Oil Ministry and North Oil police to summon a Canadian-American company specializing in firefighting in oil wells were brought under control fires in three wells after the intervention of the foreign company in the matter.
Exposed oil installations in Kirkuk oil to subversive acts since 2003 which resulted in the irregular Iraqi oil exports from Kirkuk oil to the Turkish port of Ceyhan.

ح ن

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Commission on constitutional amendments will begin meetings this week

Baghdad-haven Secretary

Constitutional Committee begins meetings this week to review what has been done to amend articles agreed on the amendment of the Constitution

The MP said Abdullah Saleh of the Kurdistan Alliance member of the constitutional amendments : The Committee begins this week to ensure that similar to discuss outstanding issues of constitutional articles agreed on the amendment, pointing to the existence of material pending require the political blocs show flexibility in dealing with it to be resolved and reach a formula that satisfies all parties.

..

He said : The Kurdistan Alliance has shown great flexibility in most articles. Students from other lists deal compatible with the flexibility provided by the bloc to be able to say that the amendments became more balanced and compatible with the new reality in Iraq, Abdullah explained that the differences now raging in the three or four issues, including the dispute over the terms of Article 140 WILL the Kurdistan Alliance procedures that facilitate application during the constitutionally prescribed period.

He said : there were differences over the powers of the President, we want to be some sort of balance in powers between the President and the Prime Minister since the two parties are the executive and there other differences on the issue of de-Baathification, and on the vote on the names of six candidates to fill vacant ministries Abdullah said ": that the alliance with the vote on the names provided by Maliki because it believes that the Prime Minister is responsible for the actions of his ministers to Tengiz government program, expressing the view that al-Maliki had chosen ministers Cfhoein able to success of the political process and provide better services for citizens and the country. He explained : The parliament of the right to be informed and to candidate names before they are advertised to give adequate opportunity to study biographical them

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