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

British company announced a significant oil discoveries in the territory of Iraqi Kurdistan

Heritage Oil said the British company for oil exploration on Wednesday it had found up to 4.2 billion barrels of oil in the Kurdistan region of Iraq and the announcement led to an increase in the company's shares 18 percent.

Heritage said in a statement that the field west of Miran can produce between ten thousand and 15 thousand barrels per day by the end of this year, and there are plans to transport oil from the region by truck to the field lines are linked to Iraq's export pipelines ..

Analysts hailed the disclosure and raised the price target for shares Heritage, in spite of doubts on the legality of the oil contracts on the Kurdish issue and the problems between the two governments in central Baghdad and Arbil, the regional.

Said Richard Griffith, oil analyst at Evolution Securities, "reports today means a radical shift to the Heritage."

And the passage of oil to be extracted from the Kurdish regions of Iraq through the rest of the access to export markets, the needs of the region that do not exceed a few thousands of barrels of oil per day, which would easily meet the current wells.

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European Union announces his departure to support Iraq politically, economically & security

Resulted in talks between a delegation from the House of Representatives and representatives of the EU Parliament on the agreement to strengthen cooperation and coordination, especially after the signing of the first cooperation agreement between Iraq and the European Parliament and the declaration of the way to Baghdad to support political, economic, and security.

The research, headed the delegation, First Deputy President of the Council of Representatives included Khalid al-Attiya, and Hadi al-Amiri, Alaa Makki, Falah Hassan Shanshal and Sami al-Askari, and we Yonadam Kanna, in addition to the gesture and Souad Bamarni Azad Omar, Adnan al-Jubouri, in a joint meeting with the delegation of the European Parliament, headed by Dan I, First Deputy Chairman of the Committee for Parliamentary Affairs in European Parliament, the situation in Iraq.

Attiyah confirmed Iraq's intention to consolidate relations between the two sides, praising the role of the European Union as the initiative in the formation of the Iraqi Friendship - European, especially the Baroness Emma Nicholson, which have made special efforts in this regard, and stressed "the necessity of activating the role of the Joint Committee between the House of Representatives and the Parliament EU to enhance communication between the two parliaments."

For his part, gave Dominique Potter of the European Commission report on the vision of the Office of the situation in Iraq, returned it as "the beginning of improvement is clearly in the country with the importance of overcoming the obstacles that hinder progress in Iraq, and the activation of the draft national reconciliation."

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The opening of the Brazilian embassy in Baghdad soon

said the Iraqi Foreign Ministry on the building near the opening of the Brazilian Embassy in Baghdad.

A source in the foreign office told the independent press (Iba) said Wednesday that the Under-Secretary for Political Affairs, Planning and bilateral relations, Lubaid Abbawi discussed with the Ambassador of Brazil in Baghdad Bernardo de Azevedo Brito building measures to open the Brazilian embassy in Baghdad soon after the completion of the technical matters.

The source quoted Lubaid Abbawi saying that "the Foreign Ministry is ready to provide assistance and opportunities for the Brazilian side in this regard", calling on Brazilian companies to contribute to the reconstruction of the infrastructure of Iraq.

Prieto also praised the visit of the Minister of Planning and Development Co-d. Ali Baban to Brazil and the fruitful results of the visit, which will open the doors of cooperation between the two countries in various fields.

They also discussed the visits to be undertaken by the prospective ministers of industry and minerals and of Tourism and Antiquities and Cultural to Brazil and successful ways.

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Parliamentary Economic Commission identifies a number of issues related to the outcome of the London

Established the Economic Commission of the House of Representatives in a number of issues related to the outcome of the London conference on investment.

A member of the Committee Deputy Yonadam Kanna, which we took part in the London to invest in Iraq that followed the results of the conference, announcing the intention of the Commission on the economy put bills in the House of Representatives for a vote soon.

He hoped that the laws approved legislation include the Commercial Bank of Iraq and antitrust, banking, insurance, stressing that the simplification of procedures, elimination of administrative corruption is a serious step by the economic decision based on a declaration in support of dozens of international companies to work in Iraq.

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Government pledges to provide facilities for foreign investors

Chancellor of the National Investment Bander Abdullah said the facilities and guarantees will be granted to foreign investors wishing to enter the Iraqi market.

Bandar said on the sidelines of opening ceremony of the Fourth Forum in Amman to discuss the allocation of investment opportunities in Iraq that the country has jobs and vast natural resources.

Calling Almsttmren to take advantage of investment opportunities in Iraq now and not wait because these opportunities were likely to recede after two or three, depending on the source.

For his part, revealed the Minister of Industry and Trade Amer Hadidi, Jordan on his country's intention to develop dignity of the border crossing after the opening of a free zone inside Iraq to meet the needs of the material should be considered together and exported, indicating that his country attached great importance to the reconstruction of Iraq.

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Zubeidi calls Rafidain to contribute in solving the country's housing crisis

Instructed the Minister of Finance Bayan Jabr to the general administration of the Rafidain Bank, overcoming all obstacles and workshops to reduce red tape in order to contribute to the completion of transactions as easy and auditors as rapidly as possible.

During the visit, stressing the Rafidain Bank on the need to use modern technology and the adoption of electronic methods, including saving time and effort in the daily business of the bank.

Zubeidi urged the bank during his administration to make efforts to contribute effectively to the solution of the housing crisis, a joint venture with the Land Bank.

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Baghdad to host a conference for investment in Iraq

Will host a conference soon, the capital of the global investment is the first of its kind on investment in Iraq.

The head of the National Authority for Investment, Sami al-Rauf, said the agreement was reached between Prime Minister Nuri al-Maliki and his British counterpart during their meeting a group of British businessmen and the Iraqis in London to hold a new conference for investment in Baghdad and the same strength and commitment, which was held by the London Conference.

Araji described the conference in Baghdad to move positive, indicating that a major commitment from the British government and corporations and businessmen, including contributing to opening new doors and promising to work in Iraq.

Meanwhile, the national body set up to invest special operations room to follow up the results of the investment conference held in London and access to meetings and presentations, which was discussed during the conference.

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Ministry of State for Parliamentary Affairs announced postponement of legal framework for investment in Iraq

The Ministry of State for Parliamentary Affairs to postpone the legal framework for investment in Iraq, which held the patronage of Prime Minister Nuri al-Maliki.

A source at the ministry in a statement received a copy of the Tigris Radio, that the conference was scheduled for Saturday has been postponed to 17 this month.

He noted that the postponement is due to regulatory, pointing at the same time to send invitations to a large number of investors, businessmen and ambassadors to attend the conference.

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Integrity Commission: the proportion of bribes in the ministries and government departments amounted to 36%

A member of the Integrity Commission Deputy Mohammad Naji on the prevalence of the phenomenon of bribery is in the services and state institutions.

Naji said in a press statement on Wednesday that according to statistics from the fair show that the results of average bribes in government departments was 36 percent, this ratio returned Balip.

Naji said in a press release on Wednesday that there is coordination between body integrity and the General Secretariat of the Council of Ministers to form a committee to follow up this issue to reduce the spread of corruption among staff.

He explained that there are many files open in the coming months to eliminate Maocefhm whales in some ministries, especially with the near completion of the investigation and documentation of each case in order to condemn those involved through the court filings.

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Integrity Commission decided to open the files of Ministry of Oil after the trade

The Chairman of the Integrity Committee in the House of Representatives Deputy Sa'idi morning that he will be opening the files of the Oil Ministry in preparation for the account with the negligent and the deterioration of the perpetrators of the Iraqi economy.

Saadi said in a statement that the file is opened, the oil will be after the completion of the case and the Ministry of Commerce to be the second intervention of the Ministry of Parliamentary questioning.

He added that the issue of the Ministry of Trade and questioning will be the beginning of the campaign undertaken by the interrogations of the House of Representatives for the elimination of administrative corruption in state institutions is the Iraqi citizen's right to know those responsible for administrative corruption in the current government because it denies the right to live in dignity.

The head of the new Council of Representatives has vowed to Iyad al-Samarrai told him to activate the oversight role of the House of Representatives of all ministries and interrogation of suspected failure in the work and the involvement of officials in cases of administrative corruption and Mali.

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