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

Originally Posted by frathousemicrowave

From Aliraqi;

BREAKING NEWS: I just heard on Aliraqiya that they will hang Saddam 6 AM Iraq time

This is true. Just reported on the Local news that it will happen tonight. So it will be latenight or early morning in Iraq.

Is Saddam executed and Barazan and Awad today and complete joy celebration?

(Voice of Iraq) - 12-30-2006
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Al-Maliki : No delay in the audit and penalty

Is Saddam executed and Barazan and Awad today and complete joy celebration?

The frequent statements of Iraqi officials yesterday that the execution of Saddam Hussein was a matter of hours after American authorities handed him over to the government is likely to be executed at dawn today, Saturday,.
It was announced Munir Haddad judge in the discrimination in the Iraqi Supreme Criminal Court yesterday evening that Saddam Hussein had hanged «tonight or tomorrow, Saturday,», Haddad said that the Prime Minister's Office asked him to the court during the execution and be ready «» in one hour. The penalty will be applied in addition to the right of Saddam brother-brother Barazan Al-Takriti, Awad Albandar.

The head of the legal committee in the House of the Iraqi Bahaa Al-Araji said the Iraqi government received yesterday evening, the former President Saddam Hussein already on death row.

Al-Araji said in a statement given to Radio Sawa «» «American yesterday evening were received Saddam and his aides by the Iraqi government, after it let the brothers and disarmament of all his clothes, his personal and unequivocal hit Orange for execution».

He added Al-Araji will be death either today or tomorrow (Sunday) at 12 o'clock before. He pointed out that he had already installed the podium for his execution has been the creation of the place, and said that «the execution of Saddam will be Eideh all Iraqis».

And Saddam Hussein was seen fraternal and Taban and Sabawi detained with him at Camp Cooper «» American near Baghdad airport. He expressed his happiness for the two imminent execution of the sentence «it die a martyr at the hands of his enemies, instead of the suffering of the prison». He pointed out that he had handed his defense and special messages to his family.
The conciliator spring national security adviser to the Iraqi Saddam Hussein be executed within one or two days for committing crimes against humanity him for a number of Shiite civilians in 1982, the White House official expected that the implementation of the death penalty today, Saturday,.
It quoted the British Broadcasting Corporation (Bi. Bi. C) for one of Saddam lawyer Najib al-Naimi as saying that he expects the penalty today, Saturday,.

She (Bi. Bi. CNN) that a similar permit issued by the senior American official says that Saddam might be executed Saturday in mass media quoted several of the Iraqi judge as saying that Saddam will be executed tomorrow «».
She also reported that American officials handed over Saddam Hussein to Iraqi authorities.

Khalil Dulaimi announced Head of the Defense Saddam told Agence France Presse that the American side «a» Saddam to the Iraqi authorities.
The Essam Al member of the defense that the American side asked the defense team for Saddam »« cancellation of the visit to Baghdad to meet Saddam.

The senior Iraqi source said to Reuters that Saddam Hussein had hanged within hours.

And after a day of uncertainty about the implementation of government source said the Iraqi who holds a large government «things have changed in the last three hours. There were questions ... And now been Therefore, it seems that it is possible to hang tonight. » However, he pointed out that the start of Eid Al-Adha today, Saturday, raises the possibility the delay in the execution of the post-holiday, which lasts a week. He added that it was not certain «».

The American official announced in Baghdad that Saddam Hussein is still effectively in the custody of the American army has been handed over to the Iraqi authorities.

He announced one of the defense lawyers that Saddam might be executed at dawn on Saturday «».

The lawyer, who preferred to remain anonymous «According to the information available to the Saddam executed in the early hours of dawn on Saturday».

The American Associated Press Agency quoted Iraqi judge that Saddam Hussein be executed today or tomorrow at the latest.

Iraq tension and expected date of execution by hanging Baltageh as Iraqi Prime Minister Nuri al-Maliki that «not reviewed, and the delay in its implementation».

Al-Maliki said that «no one could set aside the death sentence against Saddam Hussein», adding that «the execution of Saddam Hussein refuses to underestimate the martyrs of Iraq and dignity».

The chairman of the Defense tyrant that «a request from the American side recognizes the personal lawyer for Saddam or any person receiving authorization».

The American army spokesman Lieutenant Colonel Chris Garver «that Saddam Hussein is subject to the authority of Iraqis but for security reasons« »Did not disclose material from the American military prison?».
He explained that Saddam Hussein «legally handed over to the Iraqis more than a year ago at the request of the Iraqi government we have kept in the prison of dollars for security reasons».

The Brigadier Abdul Karim Khalaf, Director of the National Police headquarters in the Iraqi Interior Ministry that «the Iraqi security forces imposed strict security measures with the implementation of the death sentence».

Alwatan Kuwait

FM urges Russian giant Lukoil to return to Iraq
Iraqi FM urges Russian giant Lukoil to return to Iraq
29/12/2006
Source: Kuna
Iraqi Foreign Minister Hoshyar Zibari discussed with Russian Ambassador here on Friday Vladmir Gamov the possible return of Russian oil companies including LUKOIL Company to Iraq.

A Foreign Ministry statement added that discussions during the encounter touched on other issues pf common interest including the political and security developments as well as bilateral relations and operation of Russian companies in Iraq.

Zibari said that his government is very interested in allowing the Russian oil companies to return to the country to take part in the reconstruction and referred to the 2007 budget totaling USD 41 billion.

Also discussions touched on readiness of the giant Lukoil to send a delegation here to discuss oil issues of concern.

I know this is a few days old but just in case it wasn't posted with the site being down and all.

To win the prize of the Iraq Program review the international financial

(Voice of Iraq) - 12-26-2006
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The Republic of Iraq
Council of Ministers-the governmental communications
Media Relations
Press Release Press release

Winning the Iraq Program Award financial review of international best
A restructuring program for 2006

Iraq ended in an efficient and prompt restructuring of $ 20 billion of its debt to commercial creditors.

It came off from the criticism of the claimants, bonds, loans, in line with the broad framework set by the Paris Club.

The republic gained shattered by war impressive creditors speedy solution to issue a new standard bond process led by Citigroup City Group Je me مورغانJP Morgan is in the eyes of the international financial review journals and Europe, the Middle East and Africa Highness.

The slow start to restructure $ 20 billion of commercial debt Iraq could be contrary to the speed with which the agreement was concluded. On the basis of credentials issued in January 2005, each of Citigroup Je me Morgan Basic Agreement, which the majority of holders of various earthly special debt

29 / 12 / 2006

Exchange rate stabilized today, Thursday, the dollar against the Iraqi dinar at the conclusion of the meetings of the Central Bank Abravi for the current week, recording 1325 dinars, which is the same exchange rate yesterday, the first time that stabilize the exchange rate in more than two months.
And the volume of demand for the dollar, a slight volume of the recording hit six million and 665 thousand dollars against seven million and 300 thousand dollars yesterday.

Such purchase orders between five million and 925 thousand dollars in cash and 730 thousand dollars in the form of remittances outside the bank full coverage of exchange rate amounted to 1325 dinars.
For its part, made six banks participating today offers to sell the dollar hit 730 thousand dollars bought by the bank in full at the exchange rate reached 1323 dinars.

He described the economic expert and industrial Sadiq Abdul Razzaq in a statement as far as the exchange rate is stable today as a positive indication of the market will allow the restoration of health and restoration of damaged land and the frequent daily rates of exchange undone credibility of the transactions.

He pointed out that the holiday Abbaihi long inescapable auction for more than a week because of Eid Al-Adha will allow much of the smooth circulation without risks decline of the currency and settlement of a number of trade deals.

India in Iraq oil foray
By Amy Yee
New Delhi, 28 December 2006 (Financial Times)
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India's largest state-run and private-sector oil companies are in talks on the joint development of a field in Iraq to help satisfy their country's surging energy demand.

Oil and Natural Gas Corporation and rival Reliance Industries are in preliminary discussions to develop the Tuba oilfield in southern Iraq, a person close to the talks confirmed yesterday. Both companies declined to comment.

ONGC, through its overseas investment arm, ONGC Videsh, and Reliance are expected to hold 30 per cent each in the venture and Sonatrach of Algeria would hold 40 per cent.

The three groups had together tried to secure oilfields in Iraq in 2000.

ONGC had previously won approval to develop oilfields in Iraq, home to some of the world's largest oil reserves, but activity was halted by the war.

As economic growth swells to 9 per cent, India is looking farther afield for energy sources. It imports about 70 per cent of its fuel. Reliance Industries owns India's largest oil refinery but has not sought to explore for oil in the Middle East apart from a holding in Yemen.

The company has 32 exploration blocks across India. In contrast, ONGC has interests in Sudan, Libya, Burma, Iran, Iraq and Syria.

It teamed up earlier this year with China's Sinopec to buy a 25 per cent stake in Omimex de Colombia, a subsidiary of Omimex Resources, a US-based oil explorer and producer.

The $800m deal was the largest since China and India decided to co-operate on energy assets.

In February ONGC and China National Petroleum Corporation, the country's largest oil producer, completed a pioneering $580m takeover of oil assets in Syria from Petro-Canada.

ONGC has also expanded into Latin America with its $1.4bn purchase of ExxonMobil's 30 per cent stake in a field in Brazil.

2007 is the year the black gold starts flowing!!!!

Iraq urges Russia's LUKoil to return
Dec. 29, 2006 at 1:09PM

Iraq's foreign minister Friday urged Russian oil giant LUKoil to return to Iraq, the foreign ministry in Baghdad said.

Hoshyar Zibari told Russian Ambassador Vladmir Gamov that Iraq was very interested in having Russian oil companies return to aid in Iraq's reconstruction, the Kuwait News Agency reported.

A foreign ministry statement said the 2007 reconstruction budget was $41 billion.

The meeting ended with Gamov suggesting LUKoil might send a delegation to Iraq "to discuss oil issues of concern," the report said.

LUKoil is Russia's largest oil company and the world's second largest in proven oil and gas reserves after ExxonMobil.

LUKoil's North American headquarters is in East Meadow, N.Y

Iraqi Trade Unions Unite to Oppose Undemocratic Oil Law
29 December 2006 (Political Affairs Magazine)
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Leaders of Iraq's labour movement today criticised government plans to "hand control" over the country's oil production to multinational companies.

At a meeting in Amman, Jordan, leaders of Iraq's five trade union federations - between them representing hundreds of thousands of workers - called for a fundamental rethink of the forthcoming oil law, which is designed to allow foreign investment in the oil sector. The law has been prepared by an Iraqi cabinet committee, and is expected to be presented to the Iraqi parliament for ratification in the coming weeks.

The opposition by Iraq's powerful trade unions will dismay the US government, which is keen to see the law in place by the end of the year. Since the summer, US officials have been calling for an oil law to encourage foreign investment in Iraq's oil - a call reiterated by the Baker-Hamilton Iraq Study Group in its report last week. [1]

The labour leaders criticised the major role for foreign companies in the draft law, which specifies that up to two thirds of Iraq's known reserves would be developed by multinationals, under contracts lasting for 15 to 20 years. [2] This policy would be a radical change for Iraq's oil industry, which has been in the public sector for more than three decades - and would break from normal practice in the Middle East among Iraq's neighbours.

In a joint statement, the trade unions rejected "the handing of control over oil to foreign companies, whose aim is to make big profits at the expense of the Iraqi people, and to rob the national wealth, according to long-term, unfair contracts, that undermine the sovereignty of the state and the dignity of the Iraqi people". The statement added that this was a "red line" they would not allow to be crossed.

They were also angry at their exclusion from the drafting process, and called for a delay to the law, to allow proper consultation. "The Iraqi people refuse to allow the future of oil to be decided behind closed doors", they stated.

Hasan Jum'a, President of the Federation of Oil Unions, commented, "This law has a lot of problems. It was prepared without consulting Iraqi experts, Iraqi civil society or trade unions. We reject this draft and demand more time to debate the law."

'Adnan Saffar, member of the Executive Committee of the General Federation of Iraqi Workers, added, "The Iraqi national interest is surrendered in this law which allows foreign companies investment terms that exploit Iraq's oil wealth. They benefit the foreign investors more than they benefit Iraqi workers, through long term oil contracts that negatively impact Iraq's sovereignty and national independence".

Notes

1: For example, in October, US Ambassador to Iraq Zalmay Khalilzad and General George Casey, head of US operations in Iraq, listed the passing of such a law as one of the "milestones" they were pressuring the Iraqi government to deliver. Similar calls have been made by Secretary of State Condoleezza Rice (see eg Interview on Kudlow and Company With Larry Kudlow) and Energy Secretary Sam Bodman (eg AFP, 18 Jul 06, 'US wants new Iraq oil law so foreign firms can take part'). Secion II.B.5 of the Iraq Study Group Report (pp.83-85) recommends that the US government both advise on writing an oil law, and encourage international oil companies to invest.

2: See eg Dow Jones Newswires 6 Dec 06, 'Iraq's Draft Hydrocarbon Law Recommends PSAs'

From General Union of Oil Employees in Basra

(December 14th 2006)

Inspector General of the Iraqi Ministry of Oil : Oil is the only bet the future to raise the standard of living for the Iraqi people

Called for the restoration of a law the Iraq National Oil Company
Source : Middle East 24 / 12 / 2006

The Inspector General of the Iraqi Ministry of Oil Ali Mohsen Ilaq that recent statistics showed that the average annual per capita income Iraqi arrived to 41 dollars, and 54% of Iraqis spend less than a dollar a day, so the oil is betting the future only to raise the quality of life, and service orientation and living in this country.

He added Ilaq said in a statement that «Iraq ranks second in the world in oil reserves, it produces about two million barrels per day and exports less, in spite of what Iraq needs to increase its revenue to meet the requirements of building and construction and raising the standard of living of citizens requires taking a host of measures to boost production and export of crude oil and natural gas. The most important of these measures, reinstatement of the Iraqi National Oil Company because of its positive impact in achieving a better framework for the management of actors oil and expeditious issuance of the necessary legislation in the management of wealth and investment so as to ensure the entry of international companies specialized in order to expand and develop productive capacities and increasing exports within the system balances the objectives of the State and investors and to achieve better conditions for investment, competition and the provision of financial system in particular is flexible in the area of financial allocations and funding system so as to achieve facilitate the task of completing projects and equipment. So as to achieving higher rates of production and discharge and also provide the necessary protection for oil-sector installations and pipelines of what incurred by Iraq from losses goods worth billions of dollars due to suspension of export operations from Kirkuk to Turkey or to the the refineries of Iraq, while giving topic utmost importance and the adoption of the modern techniques and keeping abreast of developments in the petroleum industry and the replacement of old practices which was adopted the continuity of the extraction, pumping at the expense of standards and measurements to maintain and safeguard the wells and fields, and accelerate the implementation of drilling programs and the reclamation of old wells and the repair and maintenance and protection Ballistic export North, South and Western including achieves the necessary flexibility for export. Ilaq also stressed the importance of reviewing in detail the markets Laboring as to achieve the maximum benefit and better returns in oil exports from Iraq is done by reconsidering markets entity for Iraqi oil with the expansion of dealing with the Middle Market as it is in better returns. The matter requires an expansion of the activity of research and study in the company of marketing oil through the market research deactivated currently providing a base of information and follow up scientific to the market to serve the access to estimates and forecasts serve the purposes of sale prices and work on gas investment and to stop the waste of gas combustion, which is about 60% of gas production This investment will add important for Iraq to stop hemorrhaging import of liquid gas to meet local demand as well as the real potential of export.

The procedures that should be implemented in the short term are summarized in the speedy implementation of the United meters and metering in all locations oil and reconciliation procedures quantity, quality and speed up the implementation of projects related to the export system at ports and other sites and the development of ports and Khazneh building and the provision of advanced crew, and the establishment of a new export and study of the causes of non-implementation of investment plans to increase production and increase export capacity to work on them. It must be stressed here on the need for accountability for the failures that have occurred in this area since the non-implementation as low not only because of force majeure, and finally training cadres specialized technical training will be in accordance with the global controls to examine the specifications of crude oil export ports to contain the risk of manipulation in the accounts of the oil intensity (subscription television and program services) and the amount of water and salts, as each degree of intensity cost 40 cents. As well as putting the amount of water and salts and sediments of the total quantity exported and the activation of a new foundation for the pricing of crude oil and other products and not to rely on quotations neighboring countries as a primary source and the development of a new mechanism to reduce the fines implications of the delay charging ships of crude oil.

Chosun Ilbo - Dec 28, 2006

Korea Missing Out on Opportunities in Iraq

Irbil in northern Iraq is a hive of building activity. Since February, a large tourism complex has been rising on an 830,000 sq. m. Named Empire World, it will accommodate a five-star hotel, four residential areas, a shopping center, theaters, a fitness center, a casino, a man-made lake and swimming pools, all overlooked by a 70-story high riser.

The US $350 million worth project is led by companies from Turkey and the Middle East. Two km west of downtown Irbil, Dream City, a large complex of luxurious apartment buildings is under construction on a 1.09 million sq. m site. It will consist of 1,200 districts where apartments will be worth between W200 million (US$1=W930) and W2 billion, complete with a mosque to accommodate 1,000 worshippers and a 1,200-seat cultural center.