Thread: Iraq/Dinar News. 09/05 to 01/14/07

Council of Ministers-to the media all

(Voice of Iraq) - 01-10-2006 | This issue was sent to a friend

The Republic of Iraq
Council of Ministers-the governmental communications
Media Relations-Press Release Press release /
Sunday 10-1-2006

To the media all
Greetings

We wish to inform you that Mr. National Security Advisor Dr. Muwaffaq Rubaie will be held today, Sunday, one p.m. important press conference at the Palais des Congrès, he will announce on intelligence information, security is very important.

With appreciation ...

Sotaliraq.com

This is a response to those who are starting to become discouraged...you want facts....well here ya go. These are culled from the LAST 24 HOURS

From latest new #3, post #953 by SGS

Iraq's provinces will participate in the conference coordination in Karbala, the holy
Source : Euphrates / Harith Mohammed Jiote
Held in the holy city of Karbala on Thursday, the first coordination of the 10 governorates of Iraq with the governors they (the governor of Najaf, Baghdad and Basra, Missan and the Diyala, Diwaniyah, Babylon, Wassit and Samawah in addition to maintenance organization holy Karbala) has apologized for the Dhi Qar Attendance .
Chaired by Dr. Aqeel khaz'ali governor of Karbala Conference, The meeting was called to order and read a draft bill governors and administrative powers were discussed and expressed their acceptance of this draft conservatives were signed for submission to the House of Representatives for consideration by the conferees also discussed the stages of construction and budgets for the provinces. Dr. Aqeel khaz'ali told the Euphrates Iraqi News has been set for the girls and legal frameworks and the features of the administrative and financial powers, which must come enjoy executive powers even turn out to be no monopoly of power by the central authorities . These and Mr. Asad Abu tirelessly governor of Najaf as ours regarding the Congress that rare case that there be a meeting of the governors and this case is certainly positive, The Constitution lacks many details must meet the conservatives among them. The governor and Mr. Wasit Artiahah on the venue and timing of the conference as he said that he step blessing and thank God was in Karbala and the holy month of Ramadan and Friday night.

http://64.233.179.104/translate_c?hl=en&langpair=ar%7

Cen&u=http://foratnews.com/paper.asp%3FID%3D1656
why is this good? This appears to be the first meeting of it's kind where the Governors of the provinces got together to discuss a draft bill of some sort, approve it and get down to business. Among other things they discussed the stages of construction, and budgets for the provinces. DO NOT UNDERESTIMATE THE IMPORTANCE OF NUTS AND BOLTS GOVERNMENT. THIS IS THE FOUNDATION UPON WHICH EVERYTHING ELSE (READ REVAL) WILL BE BUILT.

Originally posted by SGS latest new #3, Post #971

Iraq token investment contract West Qurnah oil field Sent to a friend
30 / 09 / 2006
Tent

Iraq intends to reconsider the investment contract West Qurnah field, which was concluded during the era of former President Saddam Hussein with a coalition led by Russian oil companies, "Lukoil" to invest in the field for 21 years at a production capacity of 600 thousand barrels per day. The coalition concluded that Russian oil contract in 1997 with the Ministry of Oil to invest in the field of Western Qurnah value of four billion dollars for 21 years but the contract has not been implemented because of the international economic embargo, which was imposed on the Baghdad government at the time.
He discovered west Qurnah field, which contains oil stocks are estimated at between 30 and 40 billion barrels of crude oil in the 1970s. The sources added that the plan of the Ministry of Oil future under review all contracts concluded in the time of the former regime to be granted "for political purposes".
She stressed that the ministry would reconsider the contracts concluded with the Russian Lukoil Although representatives of the company visited Baghdad earlier expressed a desire to continue the implementation of this contract.

marsadiraq.com

A desire to continue the implementation of this contract--read they have a contract in place and want to get in ahead of everyone else....

Originally Posted by neno

Baghdad Time: 10:41pm, 10/01/2006 ~ market is closed | $1 USD = 1472.60 IQD ^

Neno,
Is it possible to get RSS Feed to the forum?

The ration card-keeping and the implications of the cancellation :

(Voice of Iraq) - 01-10-2006 | This issue was sent to a friend

The ration card-keeping and cancellation : reflections on bread making in Iraq
Baghdad-Mahmoud Alvkiki life-30 / 09 / 06 / /

Whenever Sirte reported intention of the State to leave the program free distribution of food monthly current, known as ration cards, There was fear in the grain industry in Iraq, from the producer or the labs cadres government supervisor.

Under the ration card system, The Ministry of Trade in Iraq wheat flour free of charge to families at nine kilograms per month per capita of the resident population aged one year and above, with other foodstuffs including rice, pulses, sugar, tea and cleaning materials different amounts per capita, befitting the importance article in the balance of individual consumption and family. These materials are distributed through a network of approximately 18.6 thousand and distribution agent in the private sector owners of the shops and stalls. including about 5.4 thousand Under in Baghdad.


The work of the private sector mills

Flour and produces about 175 mills in the private sector with five mills government. The format of these mills contracting with the State, were processed grain mill, according to the State Energy actual grinding them, against the delivery of the quantity of flour mill equal to 80% of the weight of wheat processed it, packed bags bearing the name of the mill, address and each of which contains 50 kilograms.
The State to the grinding mill wages and the mobilization of the value of 10 dollars per ton of wheat Love. Thus, the return of the mill grinding process 10 dollars per ton plus a 20% bran and impurities purification and milling. The average sale price of tons of waste and bran (Matrouh Square lab) 135 gross (annual average year), price increases on a percentage quarter in the summer and autumn, The decrease for the same in the winter and spring of factors relating Bmosmih demand and offer alternatives forage.

Unique grain mills in Iraq since 1990 several advantages not enjoyed by other Iraqi industry. These are advantages in :

1 - The production of the content of sales and marketing, It does not know or market crisis pendulum sales or seasonal bouts of depression or non-seasonal, as in other industries, but all produce is sold throughout the year.

2 - that buyers of production and one person is the State, and the mill away from the problems and concerns of multiple parties to purchase.

3 - The supply of raw materials wheat, which is characterized by the content and stability and durability, it is far from turmoil processing operations, and the prospects for loitering processors or ambivalence prices of inputs.

4 - The General Company for Grain Processing (government) supervising these mills to deliver spare parts imported preferential foreign exchange rates subsidized.

The five-door entry to the industry locked, as it is not allowed to mill or new mills to enter this industry and compete, but are the exclusive domain of the existing mills of the 175 mills private sector with five mills government. This is a very important and with a considerable economic impact.

6 - The small amount of operating capital in the industry. In light of the ration card system, which is also an important advantage. not an amount of capital and operational more than 1% of the capital invested in the project. The mill does not need to invest sums in buying wheat. Tiny is the project (any project was) to the capital operational advantage task, One can imagine the large amount of operating capital in the mills, if adopted, the mill itself in the provision of wheat purchase. Iraq relies on imports by 10 to almost 15% of its annual wheat. The amount required was used then to be significant because of the length of time taken to process credit was opened and the arrival of wheat. The actual grinding mill capacity of 100 tons per day of love, will normally (in the present system) to operating capital, perhaps about $ 1.5 million, mostly employed in the supply of wheat from abroad and needs storage reserves.

7-increase in the number of families that depend on the Iraqi bakery ovens and commercial access to their bread and freezer ready, with improved cash incomes of the Iraqi family involvement and increased rates of women to work outside the home, in public posts and the companies. And these households now account for 30% of total families of Iraq. At the level of the Baghdad governorate ratio of 40% (study of the global food). Therefore, these families do not use their share of the flour ration card, as they were working days of siege, it sells at a low price average of $ 0.08 for a kilo, equal to 80 per ton. A number of owners of flour mills buy this at $ 0.1 kilogram 100 dollars per ton. Then again processed according to a contract between him and the Ministry of Trade, that had been produced in return for wheat love received from the ministry. Thus, the equation between him and the ministry (as much as it is this process) : The ministry gave 1.2 tons of wheat, plus 12 dollars in return received one tonne of flour.

The total value of the ministry is to give 178 dollars, while the owner of the mill to give a cost of $ 100. Valerbah net in the process of reciprocity is 78 per ton of flour playback. The wheat received by the plant in return for these quantities of flour replaced. the owner of the mill unreached for him and for the production of white flour (Namira 7-0), Vibian in local markets at a total (0.25-0, 30) dollars per kilogram, or 250-$ 300 per ton, or sell wheat also received from the ministry at a price of $ 200 per ton (infers). This is another source of profit for the private sector mills which exercise of the peace process in light of the ration card, if this is officially prohibited.

According to a study prepared by the World Food Program of the United Nations in cooperation with the Ministry of Planning and Development Cooperation and the Central Agency for Statistics in Baghdad. the Iraqi families that relied on the purchase of insurance and bread stores in 2005 hit 30% of the total number of families of Iraq, Given that the quantity of flour card to Iraq in 2006 to about 3.7 million tons of flour. The proportion of 30% of the 1.1 million tons (approximately) is the estimated annual quantity of flour card, which is essential for the Iraqi families (by sale or otherwise), and replace them with the direct purchase of the bread and stores of furnaces and commercial bakeries.
The amount of flour mills dating back to once again be injected did not know of, and perhaps return the same bag to the mill for more than once. This is the explanation of the spread of flour Almtafan corrupt and which has received much in recent times.

To enjoy the benefits mentioned seven entrusted continuing work ration card system current, The mill owners are aware of that too. This explains the fears of the abolition of the system.

The new economic policy in Iraq now shift from the adoption of a strategy to subsidized prices subsidized incomes. Under the new strategy, supposed to be turning the amounts spent by the state on the purchase of current ration card, estimated at about $ 2.7 billion annually. the cash input by the State to the poorest families and lower-income, ending the ration card system. Kind of Iraqi families at different levels of its articles on direct procurement. The new strategy is more equitable, socially just and balanced, and closer to sustainable development, a complete abolition of price support and the transition to genuine support of the entries with other procedures complementary support economic and social imbalances.


Half of the Iraqi people to live a dollar a day

It should be noted that more than half the Iraqi people or 15,7 million people live on one dollar a day, including more than four million people living half dollars of the individual, they are living in abject poverty despite the receipt of the ration card. If the lifting of ration cards without an effective compensation program that there will be a major disaster. (a reval would have to take place to ensure purchasing power)

The owners of the buildings along the Syrian and Sadoon Street and the struggle Arasat Indian and Jadiriyah. weaken them and weakening of the real estate owners and hundreds of thousands of traders and importers, exporters and factory owners and families with name recognition in the world of business, members of Parliament as well as former and current ministers and staff for grades, pharmacists, doctors, contractors, all these and likes them and the owners of mills themselves, receiving flour ration card and other materials free of charge. Money spent on materials received by these groups missed opportunities, but stripped of the poor in the area of health, education, transport, housing, food and others.

The mill owners know what I mean abandonment of the ration card system, and a strategic shift from subsidized prices to incomes supported, not the owners of the mills, but the government's cadre supervisor of the broad application of this system also.

The first mill will find themselves mentioned is the loss of privileges, in addition to a face-to-face in the competition with each other and meet foreign competition, as dominating flour Turkish markets growing strength of Iraq.

In addition to the technological backwardness, as about 100 mill of the total private sector mills outdated, time is set up to the 1970s and earlier, there are 60 mills in the manufacture of Iraqis. With the technology for about 90% of these mills underdeveloped, Another characteristic of the low rates of productivity and frequent stopping and faults.

The owners of these mills do not want that day to end the current formulas.

And the greatest irony is that the Ministry of Commerce and the General Company for Grain Processing establish 11 mills throughout the Iraq card milling of grain annually 660 thousand tons annually of European origins (Italian, etc.). They know with any certainty :

1 - The State in the new phase, since the bit charted for themselves abandoned (sooner or later) on the role of producer. The transition to the role of supporter. And then the day will come when this exposure mills for sale or lease, or any version of privatization.

2 - that the state set itself the plans and started to move from policy to policy subsidized prices subsidized incomes. And this will be the trend after 2007.

Three-State already played the experience factor possession Mills then abandoned a number of them and sold to the private sector during the previous regime. But recent experience has failed and is now on crutches subsidized by the state, two lab Mills Taji Mills lab session. It is not used in ovens and bakery owners sector Tahinha White, the State was forced to convert their output to the flour ration card.

4-Iraq decided to accede to the WTO, which means that the possibility of imposing protect the future of this mill, but today flour flow Turkish and UAE preferred by consumers and bakery owners. and at prices to compete with white flour produced in the lab and the coronary and flour importer, and it is exempt from import tax.

5 - The daily design capacity of the mills now operating, both governmental and private is 180 mills, amounting to 25.5 thousand tons of grain, while the need is the target of the card (15.5) thousand tons, meaning there was a surplus in production over the need to reach the 10 thousand tons per day.

6 - There are about 80 mills requested the establishment of private sector now that can compensate for the proposed labs.

We do not know the value of the sums to be invested in the 11 government mills. Government departments that are today as they were previously, and uses the information disclosed by the pretext and justification of the public interest!

But was it not better to direct these funds to the electricity sector, education or health conditions in the poor areas of Iraq? It may be said that these labs have been contracted since the former regime. But if the conviction can be more than one way to continue to refrain from implementing the program. Does he read?

Sotaliraq.com

Translated version of http://www.iraq-na.com/index.php?sec=news&act=view_cat&cid=1

A complaint to the Ministry of Finance (the problem of waiting ahead of the minister personally after suffering for a period of 3 years)
News were added on 10-1-2006 15:14

... A complaint to the Ministry of Finance (the problem of waiting ahead of the minister personally after suffering for a period of 3 years)

Received and the Iraqi News Agency complaint attached below of a number of employees of the Ministry of Finance and the Agency presented the problem and we are hopeful that the ministry and respond rapidly to the problem of standing three years ...

WAI

Dear Professor Abdul Karim esteemed charity

Greetings

Wrote many complaints in Iraqi newspapers, but without success as a result

We send him all this hope and through you to contact officials in the Ministry of Finance to present our problem, which affected more than three and a half years

Our problem in the Ministry of Finance, which differ from the rest of the ministries and that decisions have been taken by those who wish for reinstatement of the member or wish to be referred to the retirement and payment of the full rights and rewarded and this happened in the Oil Ministry and the Ministry of Education is a long time, but the Ministry of Finance and seven months before the forms were distributed to the members of the Wa leaders difference for those who wish to retire them was filling in the forms and return to Djibouti and our yourself and lasted more than four months and auditing in the difficult security conditions and the approval of the reply came our referral retirement papers were sent to the Directorate of retirement to supplement pensions and procedures after a week of review objected Directorate retirement files that must be supported by the Committee for abolishing the Baath Party and once again sent cards to the Commission, but without response and reviewed at the Djibouti said that the Committee had been resolved earlier and await the formation of another committee to consider the requests in this regard clarify the following

We originally offered to all conveyed to the Commission on abolishing the Baath Party and agreed to turn us in retirement

The dissolution of the Committee and the formation of another committee to consider applications for Aikhsana because of this Committee will consider new applications

Djibouti and with the approval of the Ministry of Finance originally agreed to turn us why this delay

We are the families and all of those who have long experience and deprived of the salaries we did not spend any amount of the fifth month of assistance assigned in 2003 to reverse military advances that included a favor help in some of the amounts added to the fact that there are elements of the women's unable to work for old age, heart diseases and diabetes, and the pressure we live days reconciliation and hear a lot about the repeal of a law abolishing the Baath Party, which for Ainina originally approved because our referral retired issued after the approval of the eradication of the Baath, after completing the forms for this Committee

Come to our request that our referral to retire and pay Roatnaba of the fifth month / 2003 with the exchange end-of-service bonus, as in other ministries

This, you thanks and appreciation

A number of employees of the Ministry of Finance
--------------------------------------------------------------------------------

An Agreement with the International Financing Company (IFC)
28/09/2006
Source: Al-Sabah
Originally posted by Adster, latest news #3, post 993
Vice president of the Iraqi-American Commerce and Industry Chamber, Adic Nigh, signed an agreement with the IFC one of the International Bank’s Foundations. According to this agreement, Iraqi cadres will be trained in the industrial, economical, and managerial fields; their skills as well as the Iraqi human resources will be developed.

This was stated by an authorized source inside the Iraqi-American Commerce and Industry Chamber. He added that the items of the agreement stipulated that the IFC is bound to work for the chamber as a trainer within its training sector during periods specified by the chamber and according to the requirements of the program (IFC – Business Edge). The source confirmed that this training program includes not only Baghdad but also all northern, central and southern Iraqi provinces.

The program (IFC – Business Edge) is the trade name of the International Products Formation for Managerial Skills Training. This program includes 36 management books dealing with five different topics: marketing, human resources, production and operating, financing and accounting as well as productive skills.

No link

Since when is training your people big news...oh yeah I forgot--THIS IS IRAQ AND THEY ARE TRAINING THEIR PEOPLE TO MAKE THEM INTERNATIONALLY COMPETITIVE...

Originally posted by Archangel, latest news #3, post 1009

Testimony of James A. Bever,
Deputy Assistant Administrator for Asia and the Near East
United States Agency for International Development
USAID Contracting in Iraq

--------------------------------------------------------------------------------

Before the Committee for Government Reform
U.S. House of Representatives

September 28, 2006
Third, on the economic front, USAID has worked with Treasury, and other agencies to help build Iraqi governing capacity, particularly at the Central Bank of Iraq and Ministry of Finance. Our assistance to the Ministry of Finance, through the design and placement of a Financial Management Information System (FMIS) in 95 sites countrywide, is providing the GOI with the ability to track its budget and expenses. Through increased statistical gathering and analysis provided by the Central Office of Statistics and Technology, USAID is improving Iraq's ability respond and provide assistance to the Iraqis in the most need. USAID provides technical assistance for Iraqi World Trade Organization accession. These efforts have also enabled Iraq to provide quality budget data to the International Monetary Fund (IMF), facilitating the completion of IMF lending agreements and supporting the Paris Club debt rescheduling agreements.

USAID: Testimony of James A. Bever, Deputy Assistant Administrator for Asia and the Near East - 09/28/06

No comment necessary.

Originally posted by hepman123, latest news #3, post 1020

World Bank Iraq Trust Fund provides $6.6 million for household survey, poverty reduction strategy[/size][/color]

--------------------------------------------------------------------------------

29 September 2006 (PortAl Iraq)
The World Bank and Iraq's Ministry of Planning and Development Cooperation have signed two grant agreements to finance a nationwide socioeconomic household survey and to formulate a poverty reduction strategy.

The first survey of this type to be conducted in Iraq since 1993, it will examine income, expenditures and living standards, yielding valuable data on poverty and complementing other surveys financed by the United Nations, according to the World Bank's Sept. 28 announcement.

The Emergency Household Survey and Policies for Poverty Reduction Project includes a $5.1 million grant to be implemented by to finance the survey and data analysis, and a $1.5 million companion grant to be implemented by the World Bank to provide technical assistance on the latest data collection and analysis techniques. The projects combined total $6.6 million, financed by a multidonor Trust Fund administered by the World Bank.

"This project builds on more than a year of close dialogue with Iraq's statistical agencies," Task Team leader Susan Razzaz said. "Under the Second Capacity Building Project of the Trust Fund, we have already conducted over ten workshops to assess and develop their capacity."

No Link

Okay, let's put 2 and 2 together...we just read about how the USAID helped to set up better statisitical data gathering and processing, and now, with that foundation in place they are going to do what amounts to a census....Sounds good to me...do a reval, improve people's lives and take surveys and census data that will DOCUMENT just how much things have improved...

Okay, this is a bit of speculation, but remember, we're not talking about your average Iraqi buying gold and diamonds here...google search the gold souks of bahrain and dubai once you see that for yourself...you'll never buy jewelry any place else...saying it's big business is a gross understatement.

orginally posted by gluphus, latest news #3, post #1041

market trenders have noticed an usually high volume of put options for diamonds and other "conservative" investments on 6 october:

(Repost) Puts forecast Oct. Surprise?

Just a thought here. If a RV hits, the Middle Easteners like diamonds and gold...so, if someone has options to buy at X and sell at X+U (cuz demand is now up)...anyway, its worth thinking about...

First of all I want to say I am holding my dinars for a year now. I always followed IIF, but the last 3/4 months it is really going bad there.

Second of all, I think SGS and fellows have been right all the time. I only think that is because of the security, delays have happened. I thank her and her friends for sharing all the information, because without it I wasn't that enthousiastic as I am right now.

But I have an opinion of my own and I want everybody to look at it, correct me and complete me and discuss it. I feel we are sooooooo close:

1 - Important is the FIL. I think it is passed by the parliament, but don't have the prove. I read an article which stated that when the FIL (or Hydro Law) is the US troops has to take care of the security. I can remember that lately a lot of troops extra were sent to Iraq!! Besides all this, Maliki himself has said that the FIL must past this month (september), I only think it is not announcent yet.
Behind Bush's Rhetoric on Iraq: · Democracy · Oil -- Institute for Public Accuracy (IPA)

2 - In september a lot of bank directors and senior manager were trained for money laundring and terrorist financing. My opinion is that they are trained to handle a lot of cash flow and foreign investment real soon.
http://www.usaid.gov/iraq/updates/se...s42_092506.pdf

3 - All the time I hoped on a RV, but I realized that there is one important thing that is holding a RV. Banking and Financial Institutes. All banks, financial institutes and CBI must cooperate together with technology to handle the ISX, Rates, Financing, Loans and big trades etc. etc. I think they are almost ready, but not yet. The date is set for early October. In this meeting they are also setting an official annoucement date which in my opion could be the reval date (I think it will take a week at the most for the official announcement of the opening of the Institution).

When this is ready, they can handle the foreign investment. I read somewhere that the ISX will trade electronicly soon, i think it could be at the same time.
http://www.usaid.gov/iraq/updates/se...s42_092506.pdf

5 - I read that first the RV was planned for August but the amount has changed and the law has be made again and approved 3 times and it will be within 2 weeks from now. I believe this because of all debt relief Iraq is more worth than the first rate. Combining this together with the financial institutes getting ready it fits perfectly!

6 - The property rights law is compliant with the WTO and is sent to the parliament for approval. WTO = International Trading = International Currency = International Exchange Rate!
http://www.usaid.gov/iraq/updates/se...s42_092506.pdf

7 - Hydrocarbon Law must be passed this year by the organisations. I read this, have no link at the moment. Iraq has already planned trips to China for oil agreements first. They also want to make individual contract for companies before the Hydro Law is passed!! The framework hydrocarbons law has already been drafted by parliamentary committees.
Global Insight // Same-Day Analysis

In my opinion they are already know what this law contains and if you are willing to sign agreements first and law next, you know that this law will be passed and that contract are not affected by any change. If you know this than you know what price you are asking!!!

I personally think with all investors lined up, a pressuring Bush and debt donors, a big need for foreign investment, complaining MOF employees, lot of violence, a Kurdistan that is ready and a role model that thing don´t take that much time anymore.

I personally think we will reval this month and I think around the 16th.
Before everyone starts with comment, that is my opion!

Everyone, the only thing I want is that we reach the station all together in a very nice way.

As I said fill me in, correct me, complete facts etc. I think an important thing to look at now is perhaps the technology in combination with banking and financial institutes. I think that they can tell us a lot!

Now this is real posting of research above, every post. Great Job to you guys. I promise I will keep this thread clean. This is real research. What we need here consistantly. Thanks.

BTW, I have agreement with some nasayers to post in the nasayer thread. So Please debate them there so it will stay there. Thanks Again.

Originally posted by yours truly, latest news 3, post #1078

Embattled Bush sticks to Iraq guns
US President defends war policy amid rising criticism of his counter-terrorism strategy.
By Olivier Knox – WASHINGTON

US President George W. Bush on Friday accused critics who say the Iraq war has fueled terrorist recruitment have bought into "the enemy's propaganda."

It was the latest evidence that Bush, under fire on many fronts over the unpopular war, has tied his Republicans' election-year fortunes to an unwavering defense of his Iraq policy and sharp attacks on his opposition.

Middle East Online

This is speculation, but I think this points to the pressure on the politicians for some GOOD NEWS to come out of Iraq--and pronto. Bush needs good news, and he's going to put pressure on Maliki/Talibani to come through.

Originally posted by yours truly, latest news #3, post # 1079

International Oil Companies are Rushing to Invest
International Oil Companies are Rushing to Invest in Iraq
29/09/2006
Source: Iraqi National Congress


Iraqi Oil Minister, Husain Ashahristani, confirmed that many big oil companies are ready to start negotiating with Iraq about developing oil fields before the new law of gas and oil is legislated. The law is expected to be ready by the end of the current year. Minister Ashahristani officially stated: "I met with representatives of big oil companies during the meeting of OPEC in Vienna and they were ready to negotiate with us about developing our oil fields before the legislation of the gas and oil law is finished. However, the minister did not name these companies. He added that the Iraqi Oil Ministry is currently responsible for running the Iraqi Oil sector and will bound itself to one type of contracts only. This, clearly points out to the dispute over the production process and the sharing agreements. Ashahristani did not comment on what kind of contracts the Ministry will sign with these companies.
Ashahristani added: "there will be many forms of contracts specified to develop our oil fields. The Iraqi oil sector will need about 20 billion USD of investments so that it will be able to double its oil production up to 4.5 million barrel a day during the next five year." He also mentioned: "The current production of oil in Iraq is ranging between 2.3 and 2.4 million barrel a day. But, Iraq is still facing many difficulties like: the need to exhort more efforts to raise up the production rate to their pre-war levels, the deteriorating security status, bad and old technology bad weather and insufficient logistic support."

Officials in the Iraqi oil sector says that many oil fields have been discovered in the south, center, north of Iraq and they are ready to be developed. According to Asahristani, the Energy Committee in the Iraqi Government is writing down the final draft of the gas and oil law which is expected to be passed on to the Parliament before end of the current year. Ashahristani added that his new law will found a new Iraqi national oil company supervising the activities of the oil sector. According to the new law of gas and oil, the Iraqi Ministry of Oil will supervise the planning for the oil sector and design the oil policies instead of carrying out numerous oil operations which will be done by the new Iraqi National Oil Company. The establishing of the new Company was already suggested two years ago by the ex-minister of Iraqi Oil, Thamir Al-Ghadhban. The previous Iraqi National Oil Company was converted to a ministry run by the ex-dictator Saddam Husain in 1987. The role of the new Company will concentrate on: determining the important decisions and policies, strategic planning for the Iraqi Oil industry as well as dealing with international relations and oil investments which include production, exportation and excavation.

Translated by IRAQdirectory.com Team

http://www.iraqdirectory.com/DisplayNews.aspx?id=2191

How great is all that?? "INTERNATIONAL OIL COMPANIES ARE RUSHING TO INVEST--it was so good I reposted the whole thing. How can foreign oil companies invest without a foreign investment law?? and How can Iraq let them in for .0007something on the dollar?? Read the first paragraph--negotiations are underway BEFORE THE LAW HAS EVEN BEEN WRITTEN...money talks and bs walks...this is the finest pressure of all, money is knocking on their door and the Iraqi gov'mint is openning up...

Originally posted by Dinar-Excited (cute little kitty), latest news #3, post 1083

25 German Companies are taking part in the Second Kurdistan Fair
25 German Companies are taking part in the Second Kurdistan Fair
30/09/2006
Source: Al-Sabah


. It is hoped that they will, also, take part in the campaign of reconstructing and re-qualifying electrical stations in Sulaymaniyah as well as all over Iraq.
The Iraqi–American Chamber of Industry and Commerce signed contracts with 25 German companies specialized in carrying out electricity and mechanical projects as well as developing projects. This was stated by an authorized source inside the Chamber who also added that the contracts are meant to attract those German companies to participate in the second International Kurdistan Fair which will be held in Sulaymaniyah on the eleventh of next November. The same source stated that these companies reserved an area of 200 square meters with a special wing inside the area of the sponsoring companies [sponsors] where they will display a scheme of action to develop the electrical services inside Sulaymaniyah
The official spokesman of the German companies, Hoshiar Mustafa, said that their purpose is introducing the German companies to ministries government institutions and regional companies. A better introduction will be achieved after the German companies display their products. Then, it will be possible to conclude commercial contracts in future. He said "we expected this to happen through participating in the Fair, especially that these companies are entering the region for the first time. Some of these companies are Lucart Company, Bowels and Visa."

http://www.iraqdirectory.com/DisplayNews.aspx?id=2192

How can you not see that foreign companies are lining up at the velvet ropes vying to get into CLUB IRAQ?? Again, will Iraq let people in for .0007 on the dollar?? I could be wrong, but I don't think so...

originally posted by Hope Full latest news #3, post# 1095

Economic Cultivation : Wasit announce its plan for investment projects
Al-Hassan al-Azzawi, a martyr
The Agricultural Engineer peace Iskandar Director cultivation Wasit governorate of direct agricultural projects within the indicative investment plan. He explained that there was a project in hand, Sheikh Saad (40 km) south of Kut will direct for the receipt and delivery of conservation and milk output from the fields of rearing calves's Madiritna cost (600) million dinars, in addition to direct project drip irrigation for the production of high-level al-Fitr at (900) million dinars on an area of agricultural land (50) and without development project palm and olive orchards using modern methods of irrigation and agriculture at one billion dinars.
He pointed out that the marketing of sunflower crop had stopped earlier because of the company's branch stores Agami of industrial crops and the failure of the Company for Vegetable Oils, which is the beneficiary of rapid transfer to the Baiji factor for the production of oil and to the reluctance of carriers because of the deterioration of the security situation in those regions.
He said that the amount that had been deposited into the company's branch stores of industrial crops (662) hit tons and who marketed
In the last year, which was (in 1750) and identified tons State (500) thousand dinars per ton purchase price of the flower crop sun
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The Iraqi dinar rise in the Saudi market

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More investment projects...agriculture...

Originally Posted by kiko

First of all I want to say I am holding my dinars for a year now. I always followed IIF, but the last 3/4 months it is really going bad there.

Second of all, I think SGS and fellows have been right all the time. I only think that is because of the security, delays have happened. I thank her and her friends for sharing all the information, because without it I wasn't that enthusiastic as I am right now.

But I have an opinion of my own and I want everybody to look at it, correct me and complete me and discuss it. I feel we are sooooooo close:

1 - Important is the FIL. I think it is passed by the parliament, but don't have the prove. I read an article which stated that when the FIL (or Hydro Law) is the US troops has to take care of the security. I can remember that lately a lot of troops extra were sent to Iraq!! Besides all this, Maliki himself has said that the FIL must past this month (September), I only think it is not announcement yet.
Behind Bush's Rhetoric on Iraq: · Democracy · Oil -- Institute for Public Accuracy (IPA)

2 - In September a lot of bank directors and senior manager were trained for money laundering and terrorist financing. My opinion is that they are trained to handle a lot of cash flow and foreign investment real soon.
http://www.usaid.gov/iraq/updates/se...s42_092506.pdf

3 - All the time I hoped on a RV, but I realized that there is one important thing that is holding a RV. Banking and Financial Institutes. All banks, financial institutes and CBI must cooperate together with technology to handle the ISX, Rates, Financing, Loans and big trades etc. etc. I think they are almost ready, but not yet. The date is set for early October. In this meeting they are also setting an official announcement date which in my opinion could be the reval date (I think it will take a week at the most for the official announcement of the opening of the Institution).

When this is ready, they can handle the foreign investment. I read somewhere that the ISX will trade electronically soon, i think it could be at the same time.
http://www.usaid.gov/iraq/updates/se...s42_092506.pdf

5 - I read that first the RV was planned for August but the amount has changed and the law has be made again and approved 3 times and it will be within 2 weeks from now. I believe this because of all debt relief Iraq is more worth than the first rate. Combining this together with the financial institutes getting ready it fits perfectly!

6 - The property rights law is compliant with the WTO and is sent to the parliament for approval. WTO = International Trading = International Currency = International Exchange Rate!
http://www.usaid.gov/iraq/updates/se...s42_092506.pdf

7 - Hydrocarbon Law must be passed this year by the organizations. I read this, have no link at the moment. Iraq has already planned trips to China for oil agreements first. They also want to make individual contract for companies before the Hydro Law is passed!! The framework hydrocarbons law has already been drafted by parliamentary committees.
Global Insight // Same-Day Analysis

In my opinion they are already know what this law contains and if you are willing to sign agreements first and law next, you know that this law will be passed and that contract are not affected by any change. If you know this than you know what price you are asking!!!

I personally think with all investors lined up, a pressuring Bush and debt donors, a big need for foreign investment, complaining MOF employees, lot of violence, a Kurdistan that is ready and a role model that thing don´t take that much time anymore.

I personally think we will reval this month and I think around the 16th.
Before everyone starts with comment, that is my opinion!

Everyone, the only thing I want is that we reach the station all together in a very nice way.

As I said fill me in, correct me, complete facts etc. I think an important thing to look at now is perhaps the technology in combination with banking and financial institutes. I think that they can tell us a lot!

I like this compound NEWS! Builds and builds and builds! You are correct, done deal! Just have to have an announcement!

September to Remember, October to Roll-Over!

You want an RV, in a little while, you can go shopping for one!