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

Irish firm in negotiations over projects in Basra

Negotiations have been held between the investment commission in Basra and an Irish company over the establishment of investment projects in the southern province.

“The company has submitted significant projects in the housing and services sectors to the investment commission,” the head of the commission, Haydar Ali Fadel, told Aswat al-Iraq news agency.

The projects include the establishment of 20,000 housing units for the South Oil Company’s personnel, as well as universities, schools, bridges, and sports cities, Fadel noted.

The Shiite province of Basra lies 590 km south of the Iraqi capital Baghdad.

http://en.aswataliraq.info/?p=120230

U.S., Iraqi businessmen take on investments

A U.S.-Iraqi conference on investment projects in Iraq will be held later this month with the participation of 700-800 Iraqi and American businessmen, the Iraqi National Investment Commission said on Sunday.

“The conference will provide an opportunity for Iraqi businessmen to work with their American counterparts,” a statement received by Aswat al-Iraq news agency quoted the chairman of the commission, Sami Raouf al-Araji, as saying.

“A total of 750 investment projects in 12 different sectors will be put forward during the conference,” the statement noted.

The conference will focus on infrastructure projects, including electricity and water, as well as housing, it added.

http://en.aswataliraq.info/?p=120249

Oil Ministry signed a contract for a period of 20 years can be extended with a British company

The Ministry of Oil signed a contract to develop the southern Rumaila oil which increases the daily production is currently one million barrels, with two British and China together won a contract of service in the first round of licensing.

The foreign ministry spokesman Asim Jihad told a news correspondent transfer The contract signed on Thursday initialed with the companies of British Petroleum, British and Chinese National Oil Company will be referred to the Cabinet for approval.

The jihad that the duration of the contract would amount to nearly 20 years may be extended, saying the two companies to accept the condition set by the ministry is to pay two dollars for every barrel of new results in this field

http://al-iraqnews.net/new/iconomi/37435.html

Low demand of international companies to invest in Iraq due to the lack of adoption of amendments to the Investment Law

National investment agency attributed the low demand of international companies to invest in Iraq, not to adopt amendments to the Investment Law. Investment authorities in the provinces warned of the danger of delay adoption of the amendments to the law as it would cause the loss of opportunities for economic recovery.

http://translate.googleusercontent.c...o7_x9ezO9gYZjQ

Iraq is ready to start negotiations with the Russian company Lukoil and Philips of America

Revealed the Iraqi embassy in Moscow from Baghdad's willingness to resume talks with the Russian Lukoil on cooperation in the field of oil.

The embassy said in a statement that Iraq welcomes the participation of Lukoil in the draft Iraq's oil.

Adding that the problems of oil and gas were at the forefront of the agenda of the Russian president's envoy to Iraq, Alexander Sultanov in his talks with Iraqi officials.

On the other hand, the president of Lukoil and a single Russian company that Alekperov and ConocoPhillips of America are ready to start direct negotiations with Iraq on their access to the right to develop the West Qurna field, and under the conditions proposed by the former Iraq.

http://translate.googleusercontent.c...Hxf2BCPWBjZrHA

Authorize the Minister of Oil signed a memorandum of understanding between Iraq and the European Union

Said government spokesman Dr.. Ali al-Dabbagh said the Cabinet decided to approve the authorization of the Minister of Oil to negotiate and sign a draft memorandum of understanding between the Government of the Republic of Iraq and the EU strategic partnership in the energy field, as adjusted and approved by the State Consultative Council.

Based on the provisions of Article (80 / item VI) of the Constitution and the Foreign Ministry in coordination with the Oil Ministry on the preparation of the necessary authorization in accordance with the approved contexts and submit to the Secretariat of the Council of Ministers in order to obtain the signature of the Prime Minister.

Dabbagh said that the approval to authorize the Minister of Oil to negotiate and sign a draft memorandum of understanding between the Government of the Republic of Iraq and the EU strategic partnership in the energy sector aims at improving relations with energy producing countries, including Iraq, as specified in the Action Plan for energy policy for years ( 2007/2009) adopted by the European Council of 8-9 / March 2007 and this policy takes into account the role of President that energy plays in economic development in Iraq and the opportunities that the energy market in the European Union's largest integrated energy market in the world to develop Iraq's energy exports and especially natural gas.

Dabbagh said a Foreign Ministry had sought the guidance through the study of the draft memorandum According to Article IV / 1 of the contract law of treaties in force, introducing the draft memorandum of the Legal Department and the State Council have included items such as the memorandum of understanding to contribute to the preparation of comprehensive and integrated policy for Iraq's energy development and modernization of the electricity sector by identifying and establishing a legal framework and a sound system in Iraq and in particular to encourage investment structure, transparent, and prepare a work program in the area of energy cooperation between Iraq and the EU for the period from 2010-2015 to implement the above and update the appropriate institutional environment within the Iraqi administration to implement the programs properly taking into consideration the evolving international environment of energy.

Dabbagh said the two sides were seeking to cooperate in the areas of evaluating the current network to transport and supply of hydrocarbons to prepare a plan to modernize the infrastructure facilities and enhance the safety and reliability of the network's pipeline transportation and export of energy and to identify and find additional sources and routes of supply of gas from Iraq to the European Union with the development of infrastructure facilities infrastructure for energy production and treatment in Iraq and promoting the convergence of norms and technical standards and cooperation in the field of technological, scientific and industrial energy and to encourage the exchange of experiences and the establishment of appropriate structures for training and education of young professionals in science subjects and modern technology on energy in addition to the technical support of the strategic partnership is noteworthy that Iraq has already participate as an observer at the center of the East European gas - which is the Arab Prime contractor for the supply of natural gas in the EU market as an observer.

http://translate.googleusercontent.c...2a0nV3DzombhbA

Form a committee to reform the system of ration card

Government decided to form a committee to reform the ration card system, chaired by Secretary-General of the Council of Ministers on the Keywords. A member of the Committee, President of the Central Bureau of Statistics and Information Technology Ministry of Planning and Development Cooperation, Dr. Mehdi Keywords in a statement singled out by the (morning)

That placed the reform of the ration card is part of a strategy of poverty alleviation to gain access to effective social protection for the poor.

He added that this committee emerged the three sub-committees currently working on determining the direction the reform of the ration card system in three areas: the targeting of beneficiary groups and identify basic basket of goods of the card and the card management system reform, and expressed hope that the work to be completed before the end of this month. And the device Central Bureau of Statistics has carried out an opinion poll showed that families still believe that the system of ration is the sure way to ensure food security. He said the poll, which lasted for ten days, which included 458 agent agents preparing food ration of 120 thousand households in fifteen counties, noting that Despite the negative aspects recorded by the survey, but the families still believe that the ration system is the sure way to ensure food security.

Also carried out market research and consumer protection at the University of Baghdad, a similar survey included Karkh and Rasafa in Baghdad and a variety of different segments of the economic and social results, which showed the lack of complete conviction of the share supply current when the majority of the slide, as well as answer them that monetary compensation is not profitable in general and the absence of conviction and care of himself and satisfaction to varying degrees as a result of the high cost of living, rising prices and lack of it fits the market prices and trade, or the difficulty of obtaining payment or they confused the family budget, while 80 percent chose the slide to keep the option to ration its current form.

The Center recommended at the end of the survey need to maintain the ration as a way to fill the needs of consumers at the present time with the need to focus on the quality of the vocabulary included in the quota, activating and developing the style distribution centers in coordination with relevant research and development of a network of social protection for consumers hardest hit by the policies and economic structural reform so as to ensure satisfaction of basic needs of food safety and decent living as well as the need to develop a new mechanism for the distribution of the ration card items, taking into consideration the standard of living and income of the categories of eligible citizens to alleviate the burdens on the state budget.

http://www.alsabaah.com/paper.php?so...page&sid=91314

Iraqi oil law impasse hamper small businesses

A senior U.S. official said it was unlikely to impede Iraq's failure to pass energy bill deferred activity major oil companies in a country already risky but that could disrupt investment in small fields.

Said Patricia Haslak, which oversees U.S. efforts to help revive the Iraqi economy in an interview that "the law of oil and gas in Iraq is certainly important but not decisive for the big energy companies.

"It will be crucial if he wants to (Iraq) to develop small fields as small companies that may come to the governorate and choose to field production going on between 35 thousand and 40 thousand barrels per day. Those companies are in need of greater protection and working environment more traditional."

Iraq desperately needs foreign exchange to develop its oil sector, which ranks third globally in terms of size of the reserves but is unable to shake recovering from decades of war, sanctions and deterioration of the solution since the US-led invasion in 2003.

It was supposed to lead the overthrow of Saddam Hussein, the United oil industry and the expulsion of foreign companies to the flow of major oil companies in Iraq to put on the top exporters.

But most companies failed to act in Iraq during the years of violence and anarchy since 2003, with the local oil industry suffered from repeated attacks by the militants and officials have struggled to just re-production to pre-invasion levels.

With the decline in violence significantly in recent oil ministry invited some of the big energy companies in the world to compete in two rounds of awarding contracts to win deals for the most promising oil fields.

The China National Petroleum Corporation (CNN.. Me. C), which explores for oil already in the Ahdab southeastern Iraq are the only foreign company, which operates a field in Iraq beyond the semi-autonomous Kurdistan region.

And works by Royal Dac Shell and Mitsubishi a deal on gas in southern Iraq.

Iraq and gave its initial approval this week to hold the giants won by me. My Lucy. That. Me. C to develop the giant Rumaila a contract only granted in the first round of bidding.

http://ara.reuters.com/article/busin...59A0JL20091011

Parliament has not ratified the election law led to the postponement of the names of candidates of political entities

Independent High Electoral Commission decided to postpone the elections in Iraq the names of candidates of political entities because of the approval of the parliament on the new election law, according to the tower will a member of the Commission.

The Sardar Abdul Karim told Kurdish news agency said the Commission decided to postpone the registration of political entities, the names of candidates approved until further notice, pointing out that he was scheduled to begin registering the names of candidates on Monday, but the failure to ratify the election law resulted in the postponement until the register ratification of the Act, adding that he was not yet clear whether the elections will be held in accordance with the open lists or closed

http://radionawa.com/ar/NewsDetailN....9181&LinkID=99

Free trade zones with Iraq .. a leap towards the promotion of commercial traffic

quickly on all States to take advantage of trade and economic partnership through the agreement on establishing free trade areas among them, has increased the number of agreements of free trade zones in the world to more than 250, according to the Convention on the latest reports ..

In Europe, small countries proceeded to the signing of economic protocols with other countries to expand trade movement and mutual benefit, so that the continent is now distinct from other continents in this aspect.

And therefore, are not far away, where the Arab Gulf States have moved toward agreements with the United States as well as was the case with the countries of North Africa, included the exchange of experiences in the industrial, agricultural and services and strengthen domestic capital.

After more than six years on economic change in Iraq, which included the establishment of stock exchange for trading stocks and the introduction of smart cards and credit cards and establish a network of social protection are lacking in a number of countries, but the theme of partnership with neighboring countries and the establishment of free trade areas not seen the light so far , despite calls for parliamentarians and those involved in economic affairs tuned ..

We believe that the security situation prior, most observers attribute the cause to the weak control the military and border security with neighboring countries were behind the delays in project implementation with a large economic interest of the country, .. Iraq has become the only country absent from partnerships with neighboring countries through the establishment of these areas. .

And the absence of Iraq, where it became a big loss is entirely dependent on consumption of agricultural crops, goods and materials and goods from neighboring countries where manufactured or imported foreign such as fruits, for example, and the possibility that Iraq was developing the production sectors and make other benefit from the production as a beneficiary of the country's neighbor.

The government's efforts to create a legislative environment conducive to the application of the economic reform program, an orientation towards the social market economy through the harmonization of existing legislation with the requirements of the new economic order with the addition of the necessary modern legislation provides protection and balance of the market, are not taken through the development of plans alone, but to move towards serious and rapid application of slate developed ..

A comprehensive look at this matter, we believe that the Ministry of Commerce on the subject is required to move to achieve this objective, which will pave the important steps to support Iraq in its most significant moves towards joining the World Trade Organization and reinforce its position among the countries that trade in the older material and human potentials.

http://www.ipairaq.com/index.php?nam...onomy&id=16359