Thread: Archive News - Iraqi Dinar Think Tank - 08/09/09 - 09/01/10

U.S. embassy in Baghdad: the investment conference in Washington, will cover a dozen sectors strategically

U.S. embassy in Baghdad, "The Conference of the United States and Iraq to work and investment to be held in Washington DC on 20, October 21 will cover the current twelve sectors strategically.

And the transfer of an embassy statement received by the independent press (Iba) on Saturday, a copy of "The proposed sectors are agriculture, banking and finance, defense, electricity, health, education and housing and construction, oil and gas, telecommunications, tourism, industry, transport, conference aims to promote investment and employment opportunities existing in Iraq."

The statement said "The conference will also compromise opportunities for U.S. companies and Iraqi forces, and addressing the challenges of doing business in Iraq as well as to provide opportunities for American companies to meet with Iraqi ministers and senior officials of the Iraqi government and the conservatives."

The statement noted that "the conference will be President in the event the Strategic Framework Agreement between the United States and Iraq, which provided a new stage in relations between the two countries."

The Ministry of Foreign Affairs of the United States in cooperation with the U.S. Department of Commerce, American Chamber of Commerce, and the Iraqi Embassy in Washington announced that the Conference of the United States and Iraq to work and invest has been set to take place on 20 and 21 of the month of October 2009 Hotel "The life of Capitol Hill" in Washington.

http://www.ipairaq.com/index.php?nam...onomy&id=15964

IMF and Iraq thrash on a loan of U.S. $ 5.5 billion

Masood Ahmed, head of the Middle East and Central Asia, International Monetary Fund said on Saturday that the fund works well with Iraq in their talks on the loan and expressed confidence in identifying appropriate ways to support the country.

He said Ahmed told reporters, "We are holding discussions on how best to support them through a program of some kind over the next year. Financial discussions take place at the moment and I am sure that we work well together and we will be able to identify ways to provide assistance

He was senior adviser to the Iraqi Central Bank said in remarks published Saturday that he is not sure that Iraq could meet the requirements of the Fund with respect to a loan of $ 5.5 billion.

http://al-iraqnews.net/new/iconomi/36275.html

Originally Posted by Seaview

IMF and Iraq thrash on a loan of U.S. $ 5.5 billion

Masood Ahmed, head of the Middle East and Central Asia, International Monetary Fund said on Saturday that the fund works well with Iraq in their talks on the loan and expressed confidence in identifying appropriate ways to support the country.

He said Ahmed told reporters, "We are holding discussions on how best to support them through a program of some kind over the next year. Financial discussions take place at the moment and I am sure that we work well together and we will be able to identify ways to provide assistance

He was senior adviser to the Iraqi Central Bank said in remarks published Saturday that he is not sure that Iraq could meet the requirements of the Fund with respect to a loan of $ 5.5 billion.

http://al-iraqnews.net/new/iconomi/36275.html

Newspaper: Iraq is "not sure" to meet the conditions of the IMF

Aimrgenj Markets magazine quoted on Saturday as senior adviser to the CBI saying he was "not sure" that Iraq could meet the IMF conditions for a loan of $ 5.5 billion.

Iraq says it seeks to conclude the program with the IMF $ 5.5 billion over 18 months, which would be the largest funding agreement between the Fund and the new Iraqi government. The Fund had previously entered into two arrangements in place less than one billion dollars each.

The harmful Salim Qassim, senior advisor to the Iraqi Central Bank to reach an agreement with the IMF may take a long time.

Could not be immediately suspended from the IMF. Kassem said "Iraq is still in transition."

"The security situation sometimes turn upside down so it's very difficult to take a decision on these things."

The country's oil exports in more than 95 percent of state revenues and much-need money to rebuild after years of sectarian conflict and insurgency that Kindle Crarthma US-led invasion in 2003.

Iraq and delivering a speech to foreign investors, Dr. A program of the IMF should also lend some credibility to the government's economic policies.

http://translate.googleusercontent.c...6aNsAzvWCJLSvQ

Here's another take.....

Monetary Fund shows confidence in the conduct of talks with Iraq on a loan worth $ 5.5 billion

Masood Ahmed, head of the Middle East and Central Asia in the International Monetary Fund said Saturday that the fund works well with Iraq in their talks on the loan and expressed confidence in identifying appropriate ways to support the country.

He was senior adviser to the Iraqi Central Bank said in remarks published in the journal Aimrgenj Markets today he was "not sure" that Iraq could meet the requirements of the Fund with respect to a loan of $ 5.5 billion.

Ahmed said "We are having discussions on how best to support them through a program of some kind over the next year."

"I am confident that we are working well together and we will be able to identify ways to help."

http://radionawa.com/Ar/NewsDetailN....289&LinkID=105

Arab League: Warning Maliki's role in the crisis with Syria is not acceptable

League of Arab States expressed regret at the al-Maliki said that the Arab effort to move the issue between Iraq and Syria from the United Nations to the Arab League will lead to waste of the rights of Iraqis.

An source said an Arab League official said in remarks made yesterday by the We are sorry for such a situation is unacceptable, stressing that the university has worked for years to achieve the interests of the Iraqi people of all classes and sects.

He added that Maliki knows this very well and continued efforts of the University over the years since the Iraqi reconciliation meeting held at the university in November 2005 and was attended by Maliki before he takes office, in addition to visits by Arab League Secretary General to Iraq in the most difficult circumstances.

The source added that the Arab League did not request a file transfer issue between Iraq and Syria to.

He said, "Iraqi Foreign Minister Hoshyar Zebari said in more than one occasion his support for the Arab-Turkish efforts to work out of the crisis with Syria."

It was stated that "the Arab League and Turkey are working to achieve that in the interests of the two brotherly countries."

He wondered how to harmonize the source of Iraq's claim Arab support in various fields, and then comes after such a questioning of the role the Arab League.

The source demanded that these doubts and skepticism in the Arab positions on Iraq and the Arab League, which it considers a cornerstone of the Arab world and the state of it and its role, which requires action on the benefit of Iraq's role can be played by the institution that reflects the Arabs interest.

http://translate.googleusercontent.c...Nu8a1pcS-V0Z7g

Committee on Oil and Gas: There are many obstacles of the reasons for the delay to pass laws the oil sector

Head of Oil and Gas Committee in the House Blue Ali Hussein, "There are obstacles still persist behind the delay of passage of laws relating to the oil sector, is expected to delay the issuance of the necessary legislation to parliament next."

He said at a news conference on Saturday "was supposed to be enacted a number of laws necessary and vital to Iraq's economy, especially in the oil sector, both oil and gas law or the law of the structure of the Ministry of Oil and the distribution of oil revenues or the law of Iraqi National Oil Company."

He explained: "The delay in passing these laws was for many reasons, which draws some agencies in the federal government, private and Oil Minister Hussain al-Shahristani Ptsourh that the Oil Ministry and the Ministry must be managed centrally, as well as for different interpretations to the constitutional and political interventions, which is reflected on the discussions with the responsible for creating an integrated draft law to parliament."

He continued: "The Commission hopes to be able to oil the political blocs and parties participating in the federal government to avoid different interpretations of these visions, but obstacles still continuing."

On what was reported as a financial and administrative corruption in the Ministry of Natural Resources in the Kurdistan region, "said Blue Kurdistan Alliance MP:" After the contacts and deliberations with the Minister of natural resources in the region, confirmed to us that these things are not unfounded, particularly with regard to the deal, which took place between the company (or DNA) of Norway and the shares were purchased by the government of the province, as he was the target company's support for the performance of their work."

And he: "There was some interpretations and explanations of a political nature, and from there tried to call the election and the exploitation of natural resources minister to the parliament, which is outside the powers of the Federal Parliament, because there is a parliament and government in the region and requests from the political blocs in the regional parliament to call the minister to provide clarification on the subject."

Blue and went on: "We play our part in the oil and gas, we addressed a letter to the provincial government and the Ministry of Natural Resources to provide explanations on the subject, and we will share the media on any misconduct or something like that, if any."

http://translate.googleusercontent.c...bdRvQQP4wxBnnQ

Iraq delays hydrocarbons law until after election

BAGHDAD - Iraq has delayed the discussion of a stalled hydrocarbons law, seen as key to the country ramping up its oil production, until after parliamentary elections in January, a senior MP said on Saturday.

The proposed law, which would regulate the oil sector and divide responsibility between the central government in Baghdad and Iraq’s provinces, has been held up for three years due to disagreements between MPs from the country’s majority Shia and minority Sunni, Kurd and other communities.

‘There is no agreement on the contents of the oil law ... because this government wants the management of the oil sector to be centralised,’ said Ali Hussein Balo, a Kurd and chairman of the parliamentary oil and gas committee.

‘Due to these conflicts, we have decided to delay the oil law enactment until after the election,’ he told AFP.
Iraq hopes to be able to pump six million barrels per day, up from current output of around 2.5 million, within the next four to five years as new projects come online, Oil Minister Hussein Al Shahristani has said.

The country has the world’s third-largest proven reserves of oil, with more than 115 billion barrels, behind only Saudi Arabia and Iran.
But investment in Iraq’s ageing energy infrastructure has been hampered by delays to the hydrocarbons law.

When the government auctioned eight major energy contracts in June, only energy giants BP and China’s CNPC won a bid, agreeing to receive only two dollars a barrel to operate the giant Rumaila field, which has known reserves of 17.7 billion barrels.

It was the first big upstream deal between Iraq and foreign oil majors since nationalisation of the country’s oil production about four decades ago.
The second round of bidding for Iraqi oil contracts is due in the first half of December, Shahristani said last month.

http://www.khaleejtimes.com/displaya...middleeast&col=

Election law a source of controversy among many of the political blocs

The Electoral Act No. 16 of 2005 a source of controversy among many political blocs, where opinion is divided between pro retain the old system, based on the closed list and the next election according to the open list.

http://www.radiodijla.com/cgi-bin/ne...?id=2009-10-03

Iraqi Oil Ministry denied China's Sinopec to participate in the second round of oil contracts

An official at the Iraqi Oil Ministry denied that his country is China's Sinopec to participate in the second round of bidding for major oil deals by buying a Swiss oil company operating in the Kurdistan region of Iraq.

Abdul-Mehdi al-Amidi, the Deputy Director-General of the Department contracts and licenses the Oil Ministry in a press statement that the ministry had not received a positive response from Sinopec and therefore deemed ineligible to participate in the second round of bidding up to rethink its position on the Addax and withdraw from the contract.

The Iraqi Oil Ministry last month said it may include Sinopec on the black list if they confirmed the purchase of Addax Petroleum Corp., operating in the Kurdistan region.

http://radionawa.com/Ar/NewsDetailN....312&LinkID=105

CNBC Chinese lift its stake in development of Rumaila oil & reduce share of BP PLC

An official in the Iraqi oil sector on Saturday that China National Petroleum Corporation CNBC raised its stake in a project to develop Iraqi oil field Rumaila giant while reducing BP, the British share.

The Reuters news agency quoted the official, who asked not be named, said CNBC has become the share of 37% from 25% and BP's share fell from 50 to 38% remained in the Iraqi oil marketing company SOMO reserves by 25%.

The source said that officials from both companies met with Iraqi officials the Southern Oil Company in Basra late last September for a period of 3 days to finalize a deal Rumaila operating expenses included research and investment and the number of staff in a joint operating group of companies and Iraqi workers but did not give a timetable for completing the process.

http://radionawa.com/Ar/NewsDetailN....320&LinkID=105