Thread: Archive Latest News - Dinar Think Tank - 27/08/08 - 15/01/09

Iraq, Iran and Kuwait negotiate over shared oil fields

Oil Ministry spokesman Issam Jihad affirmed that Iraq is pursuing negotiations with Iran and Kuwait regarding joint oil fields stressing the necessity to conclude a deal allowing a specialized oil company to assess the field and define the share of each country. Oil Minister Hussein Al Shahristani said Iran and Kuwait approved to conclude such deals.

http://www.alsumaria.tv/en/Economics...il-fields.html

Iraq marks Ashura amidst high security

Thousands of Iraqis, Arab and foreigners pilgrims are marking the 10-day Ashura rituals all around Iraq commemorating the martyrdom of Imam Hussein Ben Ali amidst high security measures imposed by Iraqi Forces to avert any attack. Pilgrims fully dress in black on this occasion while around one million pilgrims poured in to Karbala from different provinces, as well as Arab, Islamic and foreign countries. Governor Aqil Al Khezaali noted that 550 thousands pilgrims are Arabs and Foreigners.

http://www.alsumaria.tv/en/Iraq-News...-security.html

CNPC to commence oil exploration in Iraq

(MENAFN) State-run China National Petroleum Corp. (CNPC), the country's largest oil and gas producer, has won the regulatory approval from the Iraqi government to explore oilfields in the Middle East country, KUNA reported.

CNPC, the first foreign company to deal with oilfield businesses in Iraq in the past 30 years, reportedly started to work on the Al-Ahdab oilfield project in Wasit, Iraq's eastern province, according to China Knowledge news service.

Under the terms of the $2.9 billion deal signed between the Iraqi government and CNPC in November 2008, the Chinese company is to help run the old oil project and gets paid for the services, rather than sharing the output with Iraqi state-owned firms.

Upon the completion of the project, the Al-Ahdab oilfield, which covers an area of 200 square kilometers, is expected to produce 25,000 barrels of crude oil per day (bpd) within three years and 115,000 bpd within six years, it said.

http://www.menafn.com/qn_news_story_...yId=1093227637

Iraqi exports to Jordan increased to 30 thousand barrels of oil a day

Na'el Alveabat said company General Manager (Alveabat transport) carried out a tender for the transportation of oil from Iraq to Jordan that the flow of oil from Iraq to Jordan, is continuing, according to the agreement signed between the Governments of the two countries.

Alveabat said in a press release published on Wednesday that the amount of oil to the UK one at a rate of 10 thousand barrels per day, with more than 42 tankers per day.

He explained that the transport and unloading operations are easily pleased, noting that a stable security situation inside Iraq have contributed to facilitate all procedures.

He added that there would be an increase in the volume soon to rise to 30 thousand barrels per day.

http://74.125.77.101/translate_c?hl=...9vMtwn9h4KiR0Q

Q'n: There has been a lot of speculation that the Iraqi dinar might be revalued at some point as the economy becomes stronger as a result of increased oil revenue. Is there going to be a revaluation of dinar in the near future?

Dr Sinan Al-Shibibi is the Governor of the Central Bank of Iraq: I always refrain from making any comments on the subject of revaluation. I refrain because everybody will always believe a Central Banker over anyone else on this matter, so I am not going to say anything.

DiNar tell ya so a little earlier in this Forum? From the US Administration to Iraq's Bank Governor, there is no need to commit but equally, not just yet until its time to spill the beans by the barrel loads...

Hello ALL I just want to wish everyone here a Happy New Year. and I hope that everyone Still waiting for a revaluation of the DINAR, will eventually get their wishes. I know I will recieive the good News with great Thanks, and happiness! YOGI, I hope all is well with YOU. BOB

hey Bob...nice to hear from you...yes....we are all waiting patiently for the dinar to revalue....hopefully this is the year...good to see old familiar faces back up here posting again...and thanks to seaview,yogi and Mike[osw] for their updates and news....Pat

A number of economic experts and critics of the Central Bank of Iraq

A number of experts and economists criticized the Central Bank of Iraq over the sharp decline of the rates of development in the country.

Ahmad Mustafa said the matter and provided the following report:

http://74.125.77.100/translate_c?hl=...diN9UXzpC-YUWQ

This is a radio interview. That's all I have. The interview is in Arabic.

Papin says the country's economy is in good condition

The Minister of Planning and Development Cooperation Ali Baban, the country's economy is in good condition for Iraq has the financial reserves of the United States of America.

Details in the context of the report follows:

http://74.125.77.100/translate_c?hl=...XR9ivj7s8PVohA

Same with this article also.

Maliki discusses pending issues in Kurdistan

Kurdistan Alliance MP Mahmoud Othman announced that Prime Minister Nuri Al Maliki will discuss eight major issues during his anticipated visit to Kurdistan in aim to enhance cooperation between the central government and the regional government. Othman clarified that talks will focus on the work of the five committees to discuss pending issues between the central government and KRG. Talks will evoke as well external policy and power balance in addition to economic issues mainly oil and gas law and Article 140 as well as disputed regions, security issues, Peshmerga and awakening councils. He affirmed that there are no rows on the region’s budget as the central government has approved the 17% share.

Othman added that the five committees are pursuing their work clarifying that the special committee of foreign relations and the political committee are about to end their work while the economic and military committees are carrying on work including Article 140.

It is to be noted that Prime Minister Nuri Al Maliki approved the proposal of Iraqi President Jalal Talabani of visiting Kurdistan after Tehran.

http://www.alsumaria.tv/en/Iraq-News...Kurdistan.html