Thread: Archive News - Iraqi Dinar Think Tank - 06/05/09 - 04/09/09

The discovery of oil Affirms 3 new oil fields
The Ministry of Oil and the discovery of three new oil fields between Karbala and Najaf.

An official source at the ministry of (term) that these new fields will be included in the second licensing round which will be before the end of this year. The source added that these fields are the field Kifl, West Kifl between Karbala-Najaf road and the field of coral in Karbala. He noted that these fields will contribute to the revitalization of areas in addition to the operation of labor and reduce unemployment there.

Meanwhile, the source said the ministry will be a promotional conference in Istanbul, Turkey on 25 this month to prepare for the second round of licensing.

An official source at the ministry that this conference will be among the officials of the Ministry and the Department of contracts and licenses, among the representatives of international companies. He added that companies will compete to develop 10 oil fields are 35 foreign companies and national companies and 9. A source directly Oasis Chinese digging oil wells in the second Ahdab in Wasit province during the current year.

He added that the company includes the rehabilitation of some previously drilled wells and four wells to be drilled from the current year.

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14th August 2009 - Pukmedia

Interview - Hussain al-Shahristani we got to the self-sufficiency in petroleum products

Hussain al-Shahristani: we got to the self-sufficiency in petroleum products. Al-Shahristani said PUKmedia "We have been able to access the current self-sufficiency in white oil, and now we do not import, but may be forced to import additional quantities when needed, even by a few who is stockpiling enough of the need for Iraq.

Shahristani said that the ministry will announce the second licensing round in the month of November for the development of the next session that the oil fields to the third licensing round and the fourth and fifth, said that the rate of oil production is between 2.4 to 2.5 million barrels, the rate of export of oil last month amounted to 2.38 million barrels, indicating Aonhm will work in the next six years to increase oil production ceiling of two million and 500 thousand barrels to 6 million barrels per day, based on the national effort in the development section of the oil fields, in addition to cooperation with major international oil companies to develop other fields. The Iraqi oil minister to the Arab-European gas pipeline will export gas in the Arab, especially in the States is going to Europe, adding that the oil pipeline which passes through Egypt, Jordan, Syria, Lebanon and Turkey will work on the transfer of the Arab gas to Europe via Turkey, are now pumping Egyptian gas to Europe ..

Following is the text of PUKmedia dialogue with the Iraqi Oil Minister Hussain al-Shahristani:

* When did you start the Arab gas pipeline - and the EU are parties to participate in it?.

- The Arab gas pipeline - known as the European gas pipeline starting from the Levant and Egypt through Jordan and Syria, and then there is a line going through the line to Turkey, Lebanon, and then to the European market is an old project, and that Iraq was invited to participate in this project by linking gas Iraq surplus pipe Levant was given approval in principle that additional quantities of gas in excess of the need for Iraq, and we are now working to develop a "crutch" in Anbar province, and the quantities produced fuel power plants and other projects in the province, and if there was a surplus of gas will be pipeline from the field to the tube Levant to be within the system.

* What is the Ministry's plans to increase the oil production?.

- The ministry has an ambitious plan to upgrade the level of production from current levels of $ 2.5 million barrels per day to more than 6 million barrels per day during the next six years, through several pathways, including reliance on the national effort to develop a section of the oil fields that will contribute to an increase in oil production and cooperation with national oil companies, as happened in the first round of licensing, when the company comes to take a certain amount of a barrel of oil produced steam.

He stressed that in the first round of licensing, we are looking forward to the six existing oil fields and gas fields to increase production by two million barrels a day, for up to four million barrels per day, which has accepted the development of the companies producing fields, indicating that the second round of licensing will be announced in November to develop the next ten other oil fields, which we hope will be a very large production during the coming period, an increase of two million barrels a day, to reach the ceiling, which is the six million barrels, in addition to the produce at the present time, and there are many fields that will be announced a third tour permits before the end of the year, and there will be a fourth round of competition will be the fifth and Iraq in the near future one of the largest producers and exporters in the world.

* What are the quantities produced and exported from the oil fields?.

- Average production is between 2.4 to 2.5 million barrels per day, while the export rate for the month of July amounted to 2.38 million, an almost daily basis.

* The Ministries of Electricity and often financial Mataathm Oil Ministry not to provide fuel or the increase in production?.

- There is a commitment by the Ministry of Oil to export an average of two million barrels a day within the budget year 2009 this figure was exceeded, and we expect that there will be further increases. The budget planned on the basis that the price of a barrel to $ 50 per barrel, and we sell during the period preceding the oil price more than this, so to speak by the Ministry of Finance unscientific and inaccurate.

The Ministry of Electricity This (story) more processing power than blame to the Ministry of oil away from the real reasons for the suspension of electricity, there is a statement to the officials of the electricity power plants that stopped due to lack of fuel, it would be operated in two days, if there is no fuel, how will the operation of the power plants, must therefore be careful to speak, because the Ministry of Electricity Kazulin million liters imported from Kuwait and the high prices we have offered them to provide this amount, but they refused, therefore, accounts for their increased quantities Alkasulin, kerosine to the Ministry of Electricity.

The al-Shahristani said the ministry had a large amount of excess oil and the black to the Ministry of Electricity to build power stations using oil black used to build the most expensive fuel stations Alkasulin is imported from abroad.

* There are demands for the people of Wasit share of the development of oil fields?.

- We have been discussing this topic at the Council of Ministers adopted a resolution in the face, as all the oil producing province, is paid half a dollar per barrel to maintain a source, which in turn includes the province of Wasit province, as well as any other oil, so far there is no production in Wasit We have classes to the oil samples were taken and the oil is in the Ahdab and the contract from the Chinese to reach the peak production of 115 thousand barrels per day and oil is used to feed the power station Zubaydip that are under construction, but the additional amount will be exported abroad through a network of pipes oil.

* After the success of the ministry in the eradication of fuel scarcity in the local market in May is still importing oil derivatives ministry?.

- We have been able to eliminate queues at petrol stations and oil distributed to citizens in the House last winter, and the quantities they need, and now we have been able to reach self-sufficiency in oil and white, we now import, but may have to import the import of additional quantities when needed, even by a few who is stockpiling enough the need for Iraq. The Alkasulin required for all sectors of transport, adding to the home of the generators we have enough production and surplus production will be in the liquid to the gas self-sufficiency.

* What is the role of private sector companies?.

- Now import the private sector is open to any person submitting an application to be approved for import, and there are now companies importing petroleum products in the territory of Iraqi Kurdistan, as well as in other areas of Iraq, so we pass the approval as soon as possible to any point in the private sector for the purpose of import of petroleum products.

* Previously Astdhavkm that the House of Representatives, but some insist on a second host or the questioning of the second?.

- Hosting a natural in the House of Representatives in order to Estphm parliamentarians of the information which they wish to know and do not have, so I was happy to explain these hosting plans, the ministry because of the licensing round was hosting a tour specifically for the licensing and there was a great relief to have the Iraqi street, we are ready to meet the hosting this, and some deputies who are members of a few do not represent the truth Bajindat damaged some external objects and ideas put forward for political purposes only and we are not interested in much.

* What are your eyes the future of oil prices in global markets the future?.

- The world oil prices, which have been declining since the second half of last year has dropped from 180 dollars a barrel to 34 dollars a barrel has caused a real crisis in the all-producing and exporting oil, Iraq was not far from the impact of this decline in oil prices and Iraq is a founding member and active in OPEC contributed to a decision to reduce production for the purpose of maintaining minimum prices were through the OPEC price-fixing and back to what it was weak, amounting to 70 dollars per barrel.

"The oil minister said Iraq is not covered by the roof of the production because he was deprived of years of production needs of the revenue so it was agreed within the organization to expel Iraq from the production ceiling to reverse the other countries that have reduced production. We expect to continue to increase prices gradually from now until the end of the year, but up simple step-by-step, not great leaps.

Q: How do you deal with the common fields between Iraq and neighboring countries?.

- Accepted in all countries of the world for the development of the Joint Convention is a contract called agreements between the parties to the consolidation of fields, those fields with a neutral third party is the field and identify the dimensions of the existing reserve in the field of border line and to agree on the share of each side of the field, and then work on the development of fields on a the most common technical and economic mechanisms to extract the largest amount possible and distributed as part or all of their share of the produce that has not more than the quota.

We asked Iran and Kuwait, to enter into negotiations for the development of joint fields between us and began the negotiations which affected more than the sign did not have any agreement so far and that a decision has been made to develop the Iraqi part of the fields for the purpose of increasing production and launching of this project is already in Basra.

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Originally Posted by Seaview

Iraq is a member of the Gulf Cooperation Council

Said President Federation of Chambers of Commerce Iraq Mahmoud Gaafar Messenger Hamdani That the GCC Gulf Arab After negotiations Continued More Of At the insistence of the Union Council decided Annexation of the Iraqi Federation of Chambers of Commerce in order to return to Of a new actor for his role On the map Economic Arabic ".

He singled out al-Hamadani, told the correspondent "during the Days Next There will be Meeting Of the Council and there will be Share Actors in Iraq It also will be Council resolution to replace the Name Council Cooperation to the chambers of the Arabian Gulf He pointed out that Iraq's return Active member Council GCC Iraq to reconsider the prospects for Investment Trade with all nations."

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Iraq to join Gulf trade cartel soon

Iraq will soon join the Federation of the Gulf Cooperation Council Chambers of Commerce, according to a senior Iraqi trade official on Saturday.

“The Federation meeting, to be held within the next few days, will be renamed Gulf Chambers of Commerce Federation. During that session Iraq will be a full member of the Federation’s general secretariat,” Jaafar al-Hamadani, the chief of Iraq’s chambers of commerce union, told Aswat al-Iraq news agency.

Iraq’s return to the grouping will grant it a large privilege in the global economic circles and should encourage investment firms to come to Iraq, he said.

http://en.aswataliraq.info/?p=117898

Discussion of important items to develop a national position on the Iraq sought to obtain full membership in the International Organization WTO

Examined the National Commission on Iraq's accession to the World Trade Organization (WTO) at its twenty-seventh meeting of the Cabinet of the Ministry of Commerce a number of important items for the purpose of elaboration of the position of national Thiop files for the various key sectors in preparation for display at the third round of negotiations in which Iraq will be waged with the World Organization of the Geneva later this year.

The meeting discussed, which was attended by members of the National Committee, which includes a number of ministries concerned with a number of files needed to be discussed with the secretariat of the WTO in the next round of negotiations held in Iraq, hopefully the next few months.

And introduced the participants in this meeting (27) opinions, ideas and suggestions on the items that were presented, noting that the National Committee so far completed more than a hundred out of 155 industry sectors in the areas of services in telecommunications, tourism and support the agricultural sector and financial services, insurance, and controls the opening of foreign banks in Iraq Altql services and services offered by the computer and the paper prepared for the subcommittee included the services of data processing, database and software services and research and development in the area of medical sciences and the humanities as well as to discuss the issue of trade in services and goods that have a substantive amendments entered on this file, also examined the National Committee on Admission Iraq into the World Trade Organization laws and amendments to legislation on public health services and plant health as well as agricultural support file (ACC 4) file a major substantive and vital policy-making related to agriculture, where Iraq has been lifted to the Secretariat of the Council of Ministers for consideration of all aspects.

And on the same level, the Committee reviewed the national legislation to join a competent plan, which summarizes the legislative and other laws and draft laws submitted by Iraq in the areas of trade and state-owned enterprises (Ministry of Industry and Minerals).

The discussions presented in one of the Beijing Securities and queries and the answers provided by Iraq in its negotiations with the delegations of member states of the Organization (WTO) was agreed during this meeting was also to send copies of the plan to the legislative secretariat of the WTO members agreed to join the National Commission on the meeting of 27 acquired special importance and a special topics course was and the files that were presented, discussed and studied in the framework of Iraq's relentless quest to join the world organization in order to achieve the desired goal of acceding to achieve economic well-being, development and prosperity.

Said Mr. Abdul Hadi Kazem Al Hameeri adviser to the Ministry of Commerce, told a news briefing at the conclusion of the meeting is headed .. HE Minister of Commerce and the National Commission on Iraq's accession to the WTO and its membership includes a number of ministries concerned, as the Ministry of Commerce in addition to being an important economic ministry, it the initiative and lead in this regard, stressing that this .. National Committee, led by the ministry had succeeded in obtaining the status of observer member of the Organization (WTO) in 2004 and fought the National Committee since that time, two rounds of negotiations with the World Organization mentioned their efforts culminating in attracting and supporting the development of Many of the countries that welcomed the trade arena to enter Iraq and global economic cooperation, adding that the ministry adviser to the National Committee will continue its work and its efforts to develop national positions of the Republic of Iraq in the coming negotiations in the hope that the negotiations that culminated in the successful conviction of the desired and by the Iraqi relevant to the subject of accession.

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Kurdish Alliance: login in response to the problem of oil and gas law

The MP for the Kurdistan Alliance bloc, but Talabani said the Iraqi Council of Representatives does not have a program or mechanism to resolve the pending legislation.

Talabani said in a statement to news agencies, that if there is no vote on the election law in the next October 15 they will rely the old law, calling for elections to the province of Kirkuk, like other provinces, pointing to disrupt the elections to deprive the citizens of many services.

Talabani said that the parliament will be allocated a lot of bills to the next parliamentary session that is to amend the Constitution, laws, in addition to other laws.

The other hand, Talabani rejected the accusations directed against the Kurds that they do not want to approve oil and gas law, noting that the root of the problem with this law is about the Council of Ministers and the Parliament and was admitted to the response to this problem and that the law has so far had not read the first reading in Parliament.

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CBI dollar sales plunge

The Central Bank of Iraq (CBI) dollar sales plunged dramatically in its daily auction on Sunday to reach $61.265 million compared to last session’s $159.645 million.

“The demand hit $8.750 million in cash, covered by the bank at an exchange rate of 1,183 Iraqi dinars, and $52.515 million in foreign transfers outside the country, covered at an exchange rate of 1,173 Iraqi dinars per dollar,” according to a CBI news bulletin received by Aswat al-Iraq news agency.

None of the 11 banks that participated in today’s session offered to sell dollars.

http://en.aswataliraq.info/?p=117910

Iraq's July oil exports highest since 2003

Iraqi oil exports in July reached their highest level since the 2003 US-led invasion that toppled dictator Saddam Hussein, oil ministry spokesman Assem Jihad said on Sunday.

Exports rose to 63.1 million barrels last month from 57.7 million in June, he told AFP.

Revenues from oil in July reached 4.66 billion dollars at an average price of 64.42 dollars a barrel, Jihad said. The Iraqi government's 2009 budget is based on a projected oil price of 50 dollars a barrel.

At the time of the invasion, Iraq's oil exports were running at two million barrels a day, or around 60 million to 62 million barrels a month. Afterwards they slumped as low as 1.3 to 1.4 million barrels a day as the country was torn by deadly unrest.

The lion's share of last month's exports, around 46 million barrels, was shipped from Basra port, earning 2.99 billion dollars. Around 16.9 million barrels, worth 1.67 billion dollars, flowed through the pipeline linking the disputed northern city of Kirkuk to the Turkish port of Ceyhan on the Mediterranean, the spokesman said.

http://www.zawya.com/Story.cfm/sidAN...20Since%202003

Allawi, holds government responsible for deteriorating security situation in Iraq

Download the former prime minister and the President Iyad Allawi of the Iraqi government fully and directly responsible for the deterioration of security conditions in Iraq.

Allawi called on the government in an interview before the announcement publicly claimed responsibility for this deterioration, attributed to a lack of willingness and readiness of the armed forces and security forces after the withdrawal of U.S. troops from cities.

Allawi added that the government were not clear when the Israeli remarks and talked about the readiness of the armed forces and security forces to assume security responsibilities, and the explosions that occur almost every day in Baghdad, finally, the best evidence of this.

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Khosro Goran: redeployment of U.S. forces is contrary to the security agreement between Baghdad and Washington

Prime list of Nineveh in Mosul sister Khosro Goran said the U.S. proposal on the redeployment of U.S. forces in the disputed areas came to address the gaps in the areas of contact.

The newspaper quoted the Middle East for Curran, saying that the U.S. proposal for the Iraqi government and the territorial Government came to fill the gaps in the areas of contact between Iraqi forces and guards the territory and not allow al Qaeda to launch new attacks in those areas.

Curran noted that the redeployment of U.S. forces is contrary to the security agreement concluded by Iraq and the United States late last year.

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Surge in CBI’s dollar sales on Monday

The Central Bank of Iraq (CBI) dollar sales soared in its daily auction on Monday to reach $195.550 million compared to last session’s $61.265 million.

“The demand hit $7.500 million in cash, covered by the bank at an exchange rate of 1,183 Iraqi dinars, and $188.05 million in foreign transfers outside the country, covered at an exchange rate of 1,173 Iraqi dinars per dollar,” according to a CBI news bulletin received by Aswat al-Iraq news agency.

None of the 14 banks that participated in today’s session offered to sell dollars.

http://en.aswataliraq.info/?p=117949