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

Form a committee to resolve these problems between Iraq and Kuwait on debt

The Finance Minister Bayan Jabr said the cabinet formed a committee to find viable solutions to the problematic developments between Iraq and Kuwait on the issue of debt.

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Hashemi: The citizen has the right to sue the state to demand the right of Oil

Vice President Tariq al-Hashemi, said the State's legal position on the issue. Unemployment was very low, with the price of the role of Iraqi tribes during his meeting with Minister of State. Questions clan, Mahmoud Abbas Ureybi.

He Vice-President that the State's position The legal problem of unemployment too weak and under the Constitution every citizen to pay Its share of Iraqi oil and gas they belong to the general Iraqi people. Hashemi said in a statement Dissemination of news today, Thursday, he refused to pay the citizen's right under the established accounting Legal, and the average citizen could sue the State in this area. He said he was supposed to address the problem of unemployment systematically long, primarily because Violence linked to the phenomenon of unemployment and crime on the one hand, and the urgent need to improve conditions Life of the ordinary citizen, on the other, a responsibility that fall within the purview of the government.

Hashemi said the initiative to make the project in question to address all the problems associated with Unemployment drastically. He explained that the financial situation of the State comfortable and able to bear The proposed social benefits, even the unemployed find work opportunities appropriate.

Meanwhile, a source in the Ministry of Labor and Social Affairs study on unemployment did not Hashemi Up to the ministry official. He said the ministry encouraged and continue to encourage any expert or researcher or Iraqi official present study aimed at the injustice or reduce the suffering of Iraqi segment, in particular The unemployed, but the way the adoption of such measures in studies to ascertain the feasibility of Through the presentation to the ministry's experts, who will submit to the ministry, and then minister Be submitted to the Cabinet for ratification within the plans or mechanisms in the work of Chambers Ministry.- Hashemi valued the role of tribes in preserving the unity of the Iraqi fabric - Vice-eighth President Tareq al-Hashemi, the large role played by Iraqi tribes and played in Preserve the unity and cohesion of Iraq and create a culture of fraternal co-existence between its people.

Hashemi said during his meeting with Minister of State for the clan, Mahmoud Abbas Ureibi The original clan means to revive the culture of fraternal co-existence should be improving their performance And upgrading to support the national project. Hashemi said during the meeting the need for coordination between the Different actors took it upon itself to file clan and a unification of those efforts So are all in the service of this project and its goals. Ureybi said the price of the Hashemite The continued support of the Iraqi clans in various directions.

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Iraq Prime Minister dots the I’s

It seems that the government is determined to dot the I’s regarding the internal and Foreign policies at a time. In fact, Al Maliki clarified the way of dealing with Washington through uttering his stand concerning the security agreement. To that, he addressed another stance on the same level for the interior.

In a statement issued by his office, Al Maliki called to form a central government to be stronger than federations and local governments’ regime. This central government will be charged of two essential issues: security and sovereignty.

For more clarifications regarding the distribution of the tasks, Maliki said in the statement that the provinces and Federations can take action yet they should not replace the state in giving visas, he also stressed that it is necessary for each party to know its limits and not to cross over it in the framework of the federal system and that in order to build up a political system that can protect Iraq.

In this context, the Prime Minister criticized the Federal system in what concerns the issues that violate Iraq’s security and sovereignty, laying the emphasis on some matters such as the fact that airports do not work according to a central system, borders are not controlled by the central government and the government does not know whom to deal with in each province.

Maliki concluded by stressing that the aim is to have a strong unified country that can protect itself and its citizens and interests thru a government that enjoys a special aspect and that can keep the country unified and protected on the political and security level.

Iraq Prime Minister dots the I?s | Iraq News | Alsumaria Iraqi Satellite TV Network

Supreme Islamic Iraqi Council upholds Maliki

Leader in Supreme Islamic Iraqi Council Mohammad Taqi Al Mawla denied giving any statement to Al Hayat newspaper in its issue published on September 17 regarding disputes between Al Daawa party and Supreme Islamic Iraqi Council regarding the opposition the council utters on the mechanism used to form Isnād Councils and for accusing AL Daawa party of boosting its influence in the south under the umbrella of the state. In this context he spoke about a strong coalition between the two parties and added that the council approves Al Maliki’s statements and supports him.

Supreme Islamic Iraqi Council upholds Maliki | Iraq News | Alsumaria Iraqi Satellite TV Network

Maliki refused to accept a large palace of the Government of Kurdistan, says he refuses to accept bribes

Aware of the center-informed source said that officials of the Kurdistan Regional Government provided exclusively to Iraqi Prime Minister Nuri al-Maliki has a gift, a house break in Kurdistan, a procedure previously carried out by the Kurdistan Regional Government for a number of senior officials.

The source said that Mr. Maliki's refusal to accept minors, considering that the leaderships Rashwy a Kurdish him for the purpose of retreat from some of his positions, especially in the Kirkuk issue. Maliki told his associates can not accept such bribes.

According to the source, who insisted on anonymity, said the son of Prime Minister Ahmed Maliki has received this palace officials Kurds, and he had signed the Official Records of the receipt, without the knowledge of his father.

It was reported that Ahmed Nuri al-Maliki has broad powers in the offices of the prime minister has received many complaints about his behavior in financial matters and exploitation for the office of his father.

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Poll: 52 percent believe that the parliament of Kurdistan is not represented

Opinion poll conducted in the Kurdistan region of Iraq that 52 percent believed that the National Council for the Kurdistan region but is not represented by political parties, while 78 percent said they did not know any of the NPC deputies.

The status of Kurdistan, the political issues of specialized public-opinion polls conducted last July poll included 840 people from the territory three provinces of Arbil, Sulaymaniyah and Dohuk.

Center has put 25 questions to the participants about their views of the political process in the Kurdistan region of Iraq, and their participation in the previous parliamentary elections and their desire to participate in the forthcoming elections.

The poll, whose results were released this week, that 55 percent expressed a desire to participate in the forthcoming parliamentary elections, and 46 percent declared their refusal to participate, with the proportion of participants in previous elections 77 percent.

The large number of participants in the survey lack of confidence in parliament, effectively, asked for 62 percent of them participate in the reduction of the age of 25 years in Parliament at the next session.

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The Iraqi oil industry..Participation Contracts & Service Contracts

Given the prevailing conditions in the world oil market now (which is basically not a surplus in supply and relatively high prices), Iraq is in a strong position to impose conditions on the companies contracting. Which can be kept, however, to obtain a reasonable profit.

It could also require the drafting of the texts of these contracts give preference to companies contracting for the construction of oil refineries and petrochemical plants in Iraq in accordance with the terms designed to benefit the physical and economic importance of Iraq, and Iraq should seek to obtain the maximum possible investment in the petroleum industries of manufacturing and extractive production, to For both meet the needs of the country's internal and export the surplus on the other hand, a matter which will allow it to double profits and revenue accruing from oil wealth.

In addition to the above, the time has come for the oil ministry in Iraq to make the maximum possible effort to ensure the endorsement of the draft oil law in Iraq and approved by the House, provided that the draft contains terms and conditions are clear and decisive advantage to ensure Iraq's foreign investment and looks forward while the Iraqi economy. More oil revenues for use in the reconstruction of life and activity of the deteriorating infrastructure of the oil industry, the oil law is still awaiting approval by the Iraqi Council of Representatives for two full years since that visit cities and villages of Iraq and found enough shape to clarify the terrible suffering and misery endured by the Iraqi people suffer Since many decades, and will this foot-dragging in approving the law serious damage and gross injustice that people who "float" his own country, in fact, on one of the largest sources of oil in the world.

Given the economic conditions prevailing in Iraq now, foreign investment, especially those arising from "contracts of participation" is the only way that Iraq can, and it is real and realistic to develop its oil industry and increase production rates substantially, during the relatively short period of time can not Iraq Provide capital necessary and adequate manpower and skilled personnel, and advanced technology, to develop and modernize the oil industry and the reason is divided into two sections with the first oil industry needs large investments to nature, while the second is in need of the Iraqi economy and infrastructure investments, significant financial Also, the result of all this is in urgent need huge funds to Iraq could not rely to provide the current oil revenues, and become incapacitated, and therefore raise the level of production substantially without access to foreign financial investments.

Given the magnitude of the Iraq-owned oil proven reserves, in light of the conditions currently prevailing in the international petroleum market, the new opportunity for Iraq and to take advantage of its sources of oil, and to this end, the highest possible standards of efficiency, we must adopt an oil policy based on facts and figures realistic and the wording of this Policy in Iraq was able to obtain foreign investment to double its profit and maintaining its interests, with the resolution on the disposition of reserve oil, rates of production and exports, however, the Iraqi national administration and under its supervision, we must ask officials from the Iraqi oil industry themselves from the interest earned by Iraq of Law No. (80) for the year 1961, and the results of public oil industry nationalized in 1972, Iraq has not reaped little benefit from the application of these laws, which resulted in many of their losses and suffering of the Iraqi industry, and the Iraqi economy and, consequently, of the Iraqi people themselves. Must learn from our mistakes and resort to solutions and means realistic and rational, not emotional, to ensure that the benefit of Iraq now and in the future a realistic and full of the oil industry, the industry first and most important to him.

Aware of all Iraqis that the survival of huge oil reserves in their own country without an effective use of them will not bring something of their hopes and needs at all, it is time recognition of Iraqi politicians, and the oil ministry in Iraq to these clear facts, and their awareness of the importance of direct immediate adoption and implementation of plans to speed up the re - Rehabilitation and development of the oil industry in Iraq for the benefit of all Iraqis.

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Scheduling of talks to debt forgiveness of Arab Iraq...Vote on the resolution of the election law before Eid eagle visit Baghdad soon to discuss three files

Baghdad agreed and Arab capitals to conduct interviews and talks to reach a rescheduling of debt forgiveness to Iraq as part of bilateral agreements, at a time the House of Representatives vote on the resolution of the election law before the Eid al-Fitr

Washington expressed its willingness to make concessions to sign a new security agreement with Baghdad.

The MP said the coalition Abbas al-Bayati, a member of the Arab Parliament: there will be bilateral meetings between Iraq and Arab countries to establish mechanisms and understanding with them on how to reschedule the debt and brought down part of bilateral agreements. He criticized Prime Minister Nuri al-Maliki during a meeting with directors of the Iraqi ********* channel last Wednesday, and some Arab countries which did not fall on Iraqi debt, saying: that these countries provided to the Alambad debt for the purchase of weapons were used against the Iraqi people, therefore, must not be overdue Iraq, but they also bear the responsibility, pointing out that the government would look into the issue with them. He said al-Bayati told the "morning" The objective of debt and compensation were in the forefront of what was discussed with the Interim Arab Parliament Speaker Jassem Mohammad Al-Sager, announcing the near visit eagle to Baghdad to discuss three important issues, the "debt and compensation and the latest developments in Iraq, in addition to Discuss the new Arab stance, "according to Al-Bayati, who seemed more positive toward the Iraqi people.

Kuwait has promised to Iraq recently, according to informed sources, to study a proposal by Baghdad recently, provides for the reduction of compensation deductions from 5 percent to 1 percent during the recent visit of the Minister of Finance Bayan Jabr Zubaidi. The deputy coalition that Falcon expressed great understanding of Iraq's claim to cut debt and the closure of the issue of compensation, has promised to approach the Kuwaiti authorities to cooperate with Iraq in connection with debt. On the other hand, "Abbas al-Bayati said parliament had taken an undeclared decision should vote on the election law before the Eid al-Fitr, noting that negotiations on the law is moving towards a solution. He noted that the outstanding issues is to issues of "verbal" and not "substantial", noting that it was agreed that six demands made by various parties, saying at the same time that the House will mid-week election law on the agenda for a vote.

And extended the House of Representatives yesterday, the work of the Legal Committee of regions and provinces until Sunday to submit the final report on the elections law.

Under another, the U.S. administration announced its willingness to make new concessions during the negotiations of Iraq - the American Convention on security.

The U.S. Defense Secretary Robert Gates, the administration was ready to make compromises to overcome the objections of Iraq in recent time, informed sources said that Washington plans to send negotiators to Baghdad in the coming days in an attempt to complete the "Sofa."

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

Economists expect a surge in demand for Oil Investment

A number of German investment companies applied for the establishment of a giant oil refinery in the province of Dhi Qar, and a capacity of up to 150 thousand barrels per day

At the time it was announced government spokesman Ali al-Dabbagh approval of the agreement on principles with Shell to invest in gas associated with oil extraction in the province of Basra, in partnership with the South Oil Company ..

In the meantime, said Oil Minister Hussain al-Shahristani said Iraq has a fiscal surplus of up to 60 billion dollars, indicating his willingness to support any of the projects Alastmarip through revenues from the oil ministry ..

The move comes at a time when Iraq is seeking to develop oil industry in general, demonstrated by the tireless efforts taken by the government to invite the oil giant investment companies for work in Iraq, was reflected recently with a giant serving Chinese companies to develop the Ahdab oil field, as well Other investments that might raise Iraqi oil exports during the coming period ..

Chairman of the Investment Authority in Dhi Qar Kazem Ismail Aboudi said that a number of German firms made presentations to set up oil refinery in the province with a capacity of 150 thousand barrels daily, adding that those companies will invest the oil refinery in the light of an agreement to purchase crude oil from the Iraqi government and a reduction of $ One barrel in the global market indicating that the company's right to sell its product inside and outside Iraq, and Ismail also said that the body and to develop the oil industry signed agreements with UAE and expertise to establish an Iranian oil refinery production capacity of 350 thousand barrels per day ..He pointed out that the process of obtaining permits direct implementation of the project in the coming months.

According to press reports that two Russian Lukoil, Conoco Phillips, have said U.S. oil rigs from entering their own coalition to win the convening of extracting oil from the West Qurna oilfield II, and Lukoil won a contract in the West Qurna oilfield, which contains 6 billion barrels of oil before 2003.

For his part, said government spokesman Ali al-Dabbagh said the cabinet approved the agreement in principle for the gas to extract gas company Royal Dutch Shell, in conjunction with the South Oil Company.

He said that Shell submitted a proposal to the Iraqi government to develop natural gas resources in Iraq and plans to supply the domestic market and export .. He said that Iraq, which possesses the third largest oil reserves in the world certainly will give priority to the development of gas reserves in the South has become a major supplier to Europe.

Iraq has been heavily dependent on oil imports, which constitute approximately 89% of total revenues by him ..

The issue now between 2,5-3 million barrels per day, has the third largest oil reserves in the world, and the second largest reserves of natural gas in the world ..

Economists expected to increase the volume of oil investment in Iraq in the coming period, especially with the rising demand for crude oil in international markets, stressing the need to seek with the government and the oil ministry to increase the volume of oil production, which provides good financial returns to Iraq.

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The Economic Crisis did not reflect on Iraq so far

Said Minister of Planning and Development Cooperation, on Friday, the economic crisis in the United States, have not been reflected so far on Iraq, stressing the necessity to take into account any side effects could lead to a reduction in oil prices.

Ali Baban said that "the effects of the economic crisis in the United States has so far not been reflected on the Iraqi economy, but it is not known what will change in the market of foodstuffs and basic commodities from speculative and seize the opportunities before traders crisis."

Icad and the global economy and the economic crisis resulting from the large bank, "Lehman Brothers" bankrupt last Monday, the fourth largest bank, the United States, following the failure of efforts to save him, the bank will declare bankruptcy to bankruptcy court for the Southern District of New York.

On measures to avoid vulnerability that the potential economic effects on the market of Iraq, between the doors that "the Iraqi economy needs to restructure and radical reforms in terms of diversifying sources of income and revive the agricultural and industrial sectors and reduce dependence on oil, on the basis of a comprehensive strategy adopted by the State and be implemented gradually."

The adviser to the Iraqi Central Bank the appearance of Mohammed Salih, said Friday that the collapse of the Bank, "Lehman Brothers" LEHMAN BROTHERS U.S. does not pose any danger to the Iraqi economy; because Iraq is not within the euro zone or the yen.

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