Thread: Iraq/Dinar News until 6/17/07 8:30 PM CST

Ma'sum : points of contention centered on the oil and the fate of Kirkuk

Agencies


قال رئيس كتلة التحالف الكردستاني في مجلس النواب الدكتور فؤاد معصوم ان العقد الخلافية من وجهة نظر الكرد تتمحور حول وضع البيشمركة وميزانيتهم وموضوع الثروة النفطية والمائية بالاضافة الى تطبيق المادة 140 من الدستور.Head of the Kurdistan Alliance bloc in the House of Representatives, Dr. Fouad Massoum that the contract controversial from the point of view together around a s budget, and the subject of oil wealth and water resources in addition to the application of Article 140 of the Constitution. وقال في تصريحات صحفية ان الصيغة التي تبلورت بشأن المادة 111 من الدستور الخاصة بموضوع النفط وتقاسم الثروة النفطية، هي ان يكون النفط والغاز هما ملك كل الشعب العراقي، وان تقوم الحكومة الاتحادية بتحصيل واردات النفط وتوزيعها على جميع العراقيين بالتساوي وفقاً لقانون الموازنة العامة للدولة بشكل شفاف وعادل يتناسب مع التوزيع السكاني في المحافظات، كما يتم تحويل الحصة المقررة في الموازنة الى الاقاليم والمحافظات غير المرتبطة باقليم بشكل آلي وفق آلية فعالة وشفافة، فضلا عن تخصيص نسبة من ايرادات المحافظة المنتجة تعويضاً لها عن الاضرار، وتخصص نسبة (حصة) لمدة محددة للمناطق المحرومة والمتضررة بما يؤمن التنمية المتوازنة للمناطق المختلفة في البلاد، وان تنظم تلك الصيغ بقانون.He said in press statements that the formula evolved on Article 111 of the Constitution on the subject of oil and sharing of oil wealth, is that oil and gas are the property of all the Iraqi people. The federal government collected oil imports and distribution on all Iraqis equally according to the law of the state budget in a transparent and equitable proportion to the population distribution in the provinces, will also be moved quota set aside in the budget to the provincial and district territory is not linked to as an effective, transparent, as well as allocating a percentage of revenues to maintain productive compensation for the damage, and that a percentage (quota) for a specified period of the areas affected, including the disadvantaged and believes the balanced development of different regions in the country, and to regulate those formulas law.

واشار الى ان الكثير من النقاط الخلافية جرى الاتفاق حولها بالتوافق، وان بقية النقاط يجري التباحث حولها لحسمها خلال الايام القادمة.He pointed out that many of the contentious points had been agreed around harmony, and the rest of the points being debated around to be resolved in the coming days.

من جانب اخر اكدت العديد من الاطراف السياسية رغبتها بتوسيع صلاحيات رئيس الجمهورية وتطويرها وان حوارا يجري بين الكتل من اجل تحقيق تلك الرغبة.On the other hand, many political parties desire to expand the powers of the President and development and a dialogue between the blocs to achieve that desire.
Translated version of http://ahali-iraq.net/detail.aspx?c=news&id=1016

PARLIAMENTARIANS ASK parliamentary blocs to support the political process and assert that the coming days will witness important decisions and difficult compromises
Translated version of http://www.taakhinews.org/

Proposal Deadline: June 06, 2007


Iraq’s Ministry of Industry and Minerals (MIM) is seeking strong international investors to enter into joint venture production-sharing partnerships with its state-owned plants in several industries, including cement, glass and ceramics, paper, petrochemical, iron and steel, sanitary ware, and automotive. Interested investors should go to MIM's Web site and contact MIM's Investment Department to obtain the full investment file and register their interest. For detailed information please view the expanded profiles. For more information about these investment opportunities, interested parties may contact Mr. John Lyons, U.S. Embassy/Baghdad Senior Consultant to MIM, or the Iraq Investment and Reconstruction Task Force at [email protected] or 1-866-352-IRAQ.

link Iraq Investment and Reconstruction Task Force

This reads to me as they are seeking out foreign investors...found it interesting

The opening of branches of the network of social protection and branches of banks in the district of Najaf.
08 Jun : 15:27
Luna / 6-8 / Najaf / Najaf governorate decided to open branches of the network of social protection and branches of banks in the districts and aspects of Najaf to reduce the severe crush witnessed the distribution of subsidies to beneficiaries.
Ahmed Deibel Director of the Information Center of Najaf governorate told "Luna" The governor of Najaf Asaad Sultan Abu tirelessly to citizens who met the salaries of social protection with a number of officials and members of the preserve. The governor instructed to take action after the meeting / / completed


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After dropping the entire debt from Iraq

Czech Republic declares its willingness to participate in the construction and reconstruction of Iraq

Baghdad, Haider Al-Rubaie
The promise to drop the entire debt Alarahalln Economic Advisor to the Czech embassy in Iraq, said that the Czech Republic will drop the entire debt to Iraq, explaining that the volume of Czech exports to Iraq had risen significantly this year until they reached more than $ 30 million

Until last month, pointing out that a large number of Czech companies will work on the construction and rehabilitation of many of the factories and companies Iraqi giant, including the establishment of railway starts from Baghdad with Basra and Mosul, Pzakho expiring, as well as the rehabilitation of tractors LAB Alexandria (Antar), The establishment of a giant plant for the manufacture of cement, with international advanced in Dahuk, with production capacity of 7000 tons per day and a total value of $ 450 million ..

Several decades

..

He said Dr. Khalil Sniff in an extended meeting with the (morning) : The Czech side on the verge of signing of a number of contracts with Iraq for the establishment and rehabilitation of a number of oil refineries, where some companies have already signed such agreements so to rehabilitate and develop refineries, Baiji, Basra session, as well as the agreement reached between the Czech Republic and Iraq to build Msavyin cards productivity significantly in each of Sulaymaniyah and Dahuk, in addition to another refinery to be agreed upon now in Amarah ..

Sniff explained that the rise in the volume of bilateral trade and industrial cooperation between Iraq and the Czech Republic is a long extensions of up to the last 1940s, as well as many of the giant industrial companies and the big oil refineries and auto plants in Iraq is the creation of Agrabah Czech therefore that the Czech Republic is again ranked this developed in fact the Iraqi industrial ..
Fund for Iraq reconstruction
Noting that the Czech Republic has sought to normalize relations with Iraq through the establishment of a fund for the reconstruction of Iraq in the Foreign Ministry and the Czech significant budget, in addition to the ongoing sessions hosted by the Czech side to develop the skills of Iraq all levels, The economic advisor to a number of Czech companies now discuss the rehabilitation of 80 carriages and railway construction to begin passing through Basra and Baghdad, Mosul and ending Pzakho, as well as those companies seeking to rehabilitate the glass factory in Ramadi, in addition to the creation of the largest plant for the production of cement in the region with production capacity of more than 7000 tons and financial value of $ 450 million, indicating the importance of the establishment of such labs, those productive capacities so as to the feet of Iraq to the reconstruction campaign and build large, It is forced to import cement from neighboring countries in large amounts ..
Encouraging investment law
Sniff expected arrival of many Czech companies giant to Iraq, especially after the adoption of the investment law, which allows those companies to operate freely, and Sniff said : I am very satisfied with this law because it reassures foreign investors as it has many facilities that help investors to work in Iraq ..
Sniff but hinted that the security aspect remains the only obstacle to the arrival of these companies, in addition to the decline in banking performance, which did not go so far to a level consistent with the ambition of the investment law, adding that the investment law needs more flexibility and transparency and procedures that facilitate the arrival of foreign investor, as well as poor means of communication which is still weak and which hinder the work of investors and businessmen and firms heavily dependent on the quality of sophisticated communications ..
Invitation to develop
Fiscal and monetary policies
Sniff also pointed to the need to be consistent monetary and financial policy with the investment and this policy must be linked by an ad hoc committee is also working to interpret the Investment Law in a comprehensive manner to allow others know well, in addition to that of this Committee to develop (a) Implementation of the investment law. And these things that would reassure investors and paid for work in Iraq ..

...

Sniff and that Czech companies entered into Iraq strongly, and evidence of this is the volume of exports, as it hit this year until the end of May last more than $ 30 million ...Moreover, the Czech reassure began to work in Iraq, especially through the gate of Kurdistan, which led us to open a liaison office of economic issues in Irbil. As many companies have moved to enter the Iraqi market and from various professions including exists regarding Palmsafi known as the Czech extraction operations in exploration and refining, as well as industry and railway cars and private industry security regulations, education, transport and many other disciplines other ..

...

Pointing out that several companies began work effectively in Iraq and the company Prokop Tknowaksport company specializing in industry refineries and extraction, refining oil derivatives ...

Ready to rehabilitate
Electricity projects
Sniff also said : The Czech government will soon drop the entire debt owed by Iraq, in support of the transformation process taken by Iraq, which are substantially similar to the transformation process, which coincided with the Czech Republic, where the economic reality that the Iraqi similar
To a large extent the economic reality

..

Indicating that the Czech side expressed readiness heavily on the construction and rehabilitation of power stations and the speed with which the Iraqi side deems appropriate, pointing out that the energy industry in the Czech Republic enjoys a high reputation in many European countries, and is willing to establish the largest stations obstetric ..

..

He explained that the contacts had taken place on this matter with the Ministry of Electricity, but the many obstacles faced .. But Sniff expected to be cooperation in this aspect ..

Constraints
He expressed concern about the economic adviser to the obstacles facing the work of the foreign investor or the Czech Specifically, describing these obstacles (constraints) that are without the advent of investors to Iraq and said : Sniff : Our inability to contact Iraqi officials and the lack of corporate websites or Iraqi ministries (the Web site) in addition to the constraints of other routine complex, made many investors away from flowing to Iraq.

Sniff pointed out that the Czech side will many of the important trade fairs in (Prague), which are the work of Iraqi trader, as well as the participation of the Czech Republic in all the exhibitions held for the reconstruction of Iraq, whether in Kurdistan or in the neighboring countries ...

(C P A)

He added that the first Czech States rushed to the reconstruction of Iraq through the body (C P A) has sent many experts and professionals to take advantage of their expertise in

..

Iraq ..

As for the possibility of cooperation by some Czech companies with the private sector, said the Iraqi Sniff : all know that the sector faced a largely been marginalized by the former regime, which is now suffering greatly because of this marginalization, therefore, the government must first with the support of this sector and to provide him all the privileges to make it able to collaborate with large global corporations, especially in the area of reconstruction, and without this sector can not move the economic process in Iraq ..

..

He added .. When there is no private sector is capable of creating a solid ground for industry, agriculture or tourism, trade or any other area of economic development, then with the can deal? .

Private sector support

A Sniff of the existence of many projects that can support the private sector, which has already taken to the Czech Republic in order to upgrade by the private sector, which now plays a key role in the overall economic movement.

.

.

Among these projects, the support of small loans unemployed youth, and this is very important to get labor in addition to the revival of small enterprises are able to attract manpower as well as the lifting of the production process, as well as the importance that the government would bring in small labs to the private sector, in addition to the ongoing search for mechanisms and laws in support of the

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

European interest to buy gas Iraqi

Baghdad morning
Sign Oil Minister Hussein Shahrastani Adoption of the new oil law during the next two months, after that had been expected early next month. Shahrastani visiting India to attract investors to the oil sector, but oil companies awaiting approval

Law to take decisions before investing in Iraq. The importance of the law that regulates the distribution of oil revenues among the sectarian and ethnic groups in the country.
He said the Director General of the Ministry of Hassan Fayad blessing that Iraq will be presented at an auction 15% of the land assets of oil and gas immediately after the bill passed. The territory of Iraq, a third of global oil reserves, but production damaged due to lack of investment and violence. Shahrastani also expected to be completed negotiations with Iran on the pipeline to transport crude oil from fields in southern Iraq, the Iranian refinery in about a month.
He was quoted by one agency "that" the Iraqi part of the pipeline could be put in a tender for its implementation, and the Iranians themselves are keen to be fully implemented in Iraq and Iran, "adding that the pipeline artery to the Abadan refinery Iranian offset line parallel transfer oil products to Iraq. facing a chronic shortage of fuel, and looks forward to building four new lines, and that the energy pipeline 200 thousand barrels a day. He called on Iraq to Iranian companies to bid for contracts to build the ranks in various parts of the country. Analysts ruled that Iran could meet Iraq's needs refining, since it lacks the technology, also suffer shortages in the supply of gasoline. In Baghdad, An official source at the Oil Ministry said that representatives of the European Union, expressed their desire, after meeting with the minister Shahrastani, to import natural gas from the field Okash in Mosul. He pointed out that Iraqi gas will be transported by pipeline to transport gas joint Arab, which passes through a number of Arab states and Europe via Turkey in the event of an agreement.

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

economic window

Oil Refinery

Imad Principality

Gaining the petroleum refining industry, which is one of the most important phases of integrated operations in the petroleum industry, particularly important since beginning prospecting, exploration and expiring marketing products, and enjoys speaking it only means

We can use the crude oil extracted from beneath the ground, and the importance of this lies in the derivatives used for many purposes including household cooking and heating and is also used widely in the Transportation Department in the machine and as a precursor in chemical and Petrochemical Industries complain of a decline in oil production due to obsolescence and although it installations are complex and charged its huge capital where the industry looks set of production units and warehouses for the storage of crude oil. In Iraq, there was a need to support this industry and renovation instead of spending money on importing oil derivatives, in order to meet the market needs of the local Iraqi oil products rather than relying on the exports of neighboring oil derivatives, The activation energy of domestic productive so they can obtain additional financial resources through export of surplus petroleum products, and this means diversifying export products and not only on the export of crude oil, thus improving the balance of payments with any economic balance, which is one of the objectives of the country's economic policy, because the industry sophisticated oil refinery in Iraq will enable us to redouble Ward ton of crude oil to about ten times when selling oil products, oil experts have estimated that the refinery 20 million tons of crude oil will give us the equivalent of the sale of 200 tons of crude oil annually.

The oil refining industry will help the Iraqi economy to the free exchange of crude oil from the constraints of external pressure and to enhance the positive aspects of the balance of payments.

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

Wealthmoney

Great job Lunar

Lunar you are doing a great job in your posting .... good solid information....this Iraq issue is like reading a book (page by page) but some day the RV chapter will appear....and some will read with excitement and others will just read about it without knowing the impact it could have made in their personal lives .... Thank you agin Lunar.

(IF YOU DON'T DEPLOY YOURSELF OTHERS WILL EMPLOY YOU)

Thanx Wealthmoney....the news is starting to pick up again. Lookin' good.

real partnership

Sabah Economic
Resound votes and subsequent invitations to promote the private sector role in the conviction of his ability to address the chronic imbalances in many areas, create jobs and reduce poverty.

This process calls from the need to address the excessive size of the public sector and the weakness of its effectiveness through the creation of the appropriate environment to enable the private sector to play a leading role in the national economy through legal reforms, administrative and financial, any create an incentive for foreign activities to provide the appropriate climate to strengthen links between the Iraqi economy and the global economy.
The effects of economic thinker Dr. Mahdi Al-Hafiz topic of the utmost importance in achieving economic reforms required by his call to create a partnership between the private and public sector.
The promise of this partnership in the economic reform priorities which require strengthened with a view to developing the country's public administration on the basis of a modern, effective and free from bureaucratic constraints and outdated concepts, calling for reform of the financial sector and monetary banking because it is an important venue, consequently, to adapt the bilateral relationship between the private sector and public sector towards strengthening and expanding industries and SMEs and contribute to the diversification of the national economy in the long run.
He pointed out numerous actions that have been taken in recent years to remove the imbalances in the years financial and monetary reform and budget .. Among the most important measures to reduce the current expenditure for the benefit of investment spending through the phasing out of the manufacturing expenses of substantial support for goods and services.
Successful steps taken by the monetary policy but at the same time has succeeded in difficult circumstances for the private sector and set went to increase investment for the development of SMEs, because of the harsh policy followed by the center to raise interest rate for deposit and lending.
In this regard voices resound economists that the trap is to adopt monetary policy provide banking facilities to enable the private sector to contribute to economic growth and expansion of activities. What mirror them to call to rely on strategic and comprehensive national development and reform.
It took other ministries encouraging for the rehabilitation of the role of the private sector. Soft such as loans granted by the Ministry of Finance to some professionals, as well as the Ministry of Labor and Social Affairs to young unemployed graduates to help them find special projects provide employment opportunities as well as the case of the Ministry of Industry and Minerals.
In a related context has been to establish a company guarantees bank loans to revive the Iraqi impact SMEs through guaranteed loans made by private banks to small and medium-sized enterprises have achieved a remarkable success in lending support such projects, which are among the main reasons for the rehabilitation of the private sector and its role in growth Economic.
In summary, the strengthening of partnership between the private and public sector is vital condition for the implementation of economic reforms as well as a guarantee for building a vibrant economy and an effective and capable of addressing the problems of the transitional period, notably strengthening of market mechanisms and to develop solutions to the problems of unemployment, inflation and the deterioration of services and the difficult living conditions.

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

Foreign Relations Committee to discuss ways to strengthen friendship with Jean Parliament world

Baghdad morning
The Foreign Relations Committee of openness to all the committees of the House of Representatives of the Iraqi nomination to the committees for Friendship with the retention of the Committee on Relations in Election Commission of the proper jurisdiction. This came at a meeting of the Committee on Foreign Relations

At its 27th meeting last Tuesday headed by Sheikh Dr. Humam Hamoudi and attend all of the deputies d. Salman Jumaili, d. Nassar Zughayyar, Qasim Sahlani, Zahraa Al-Hashimi, Abdalbari softer, d. Wangari Abdullah, Tanya Talat Jaber Habib Jaber and discussed its agenda within the invitation of Foreign Minister Hoshyar Zebari professor at the Commission's headquarters in the Council in order to discuss various topics and issues related to external relations, such as Sharm El-Sheikh conference on the International Covenant with Iraq and the neighboring countries as well as the Iranian American dialogue on Iraq and the controls worked the Foreign Service Institute.
The Committee also discussed the theme of friendship committees to be formed between the House and the Iraqi Chambers of Deputies in some states, such as the United States, Britain, Italy, Syria, Jordan, Kuwait, Malaysia, Turkey, Japan, Bahrain, Russia, Australia, Azerbaijan.
It followed Foreign Relations Committee in its agenda some bills referred to it and rose to the Presidency esteemed opinion on the bill on the ratification of the amendments to the Charter of the League of Arab States.

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