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

MP Jaber Al-Khalifa: interrogation of oil minister will be professionally and away from politics

MP virtue parliamentary bloc and the Rapporteur of the Commission on oil and gas Jaber Khalifa Jaber said "the Presidency has sent a formal letter to the Office of Oil Minister Hussain al-Shahristani, a request for questioning in the Iraqi Council of Representatives."

Khalifa said in a statement taken reporter "The interrogation of oil minister, will be professionally and literally away from politics and did not see any question of the Minister of undocumented documents and official documents and evidence to prove the case for presentation to representatives of the people to be informed and know the facts."

He added that "the issue of oil minister and asked summoned began in 2007, not today comes up for election purposes in addition to questioning so that the constitutional right of Council members to" perform their oversight role We oppose the result, not the government and this is the duty of the opposition It is our right to represent the Iraqi citizens in the official accounting defaulting ".

Khalifa noted that "some of Representatives is a lawyer and an advocate of the government, not the people who suffer the bitterness of poor and lack of services and the most important elements of life."

http://al-iraqnews.net/new/siaysiah/37834.html

high central bank sales to 225 million dollars

Close the CBI on Tuesday Daily auction for the sale of foreign currency and the dollar high level Sales The dollar was To 225 million and 925 thousand dollars, he has had in its Previous 205 thousand dollars 680 at a stable exchange rate was 1170 dinars per dollar.

This was announced by the Central Bank I got in a bulletin a copy of which also states that the total sum of sales of the dollar were distributed between 1 and 500 thousand dollars in cash transactions in cash and bank shot at a fixed exchange rate was 1183 dinars, including bank commission of $ 13 dinars per dollar, and amounts transferred out of Iraq $ 224 million and 425 thousand dollars Around the bank for cash at a fixed conversion reached 1173 dinars, including the World Bank commission of $ 3 dinars per dollar.

Did not make The 22 banks participating in the auction for any offers to buy the dollar, knowing that the bank earns a commission of $ (16) dinars per dollar with a discount (8) JD / USD on the amounts purchased. The central bank held five meetings during the Iraqi DIFC Week.

http://al-iraqnews.net/new/iconomi/37858.html

Minister of Transport: Media play an important role in attracting investors and capital

Transport Minister Amir Abdul-Jabbar Ismail on the importance of information in business and ministry-level formations.

The Director of Information Ministry Kausar Aqil told the independent press (Iba) Ismail stressed during his meeting with officials of the configuration of the media ministry, "The media play an important role in highlighting the activities of the institution, and this sector is one of the most important sectors, with priority to those sectors."

Ismail said that "the media to know how to pray to the mentality of the private sector and this is very important, as the media play an important role in attracting investors and capital and this prompts us to maximize the resources of those companies."

Wa he added, "the doors of ministry open to all investors and the private sector for contract opportunities with these companies, especially since these companies have a lot of those opportunities which can enter it in accordance with inter-operability standards, or investment."

He highlighted during the meeting, to the potential media interest in the development of the media and through courses that take place within and outside Iraq, as well as communication with the media and to benefit from the development of information and resources by attracting advertising to other sectors of the state and the private.

He called for the exploitation of Iraqi Airways Company and buses to transport passengers and delegations as well as railway carriages and the exploitation of berths for river tourism and garages of the Department of Transport sector.

He added: "It is possible to work on finding a formula for cooperation with a number of T.elevision channels and work to build a centralized information system for all the formations established-radio ministry concerned with issues of transport, highlighting the role of this Ministry, which is now considered one of the best ministries and their performance in order to provide the necessary services required for the Iraqi people and the accomplishments achieved during the last period as the companies self-financing companies are seeking to profit, God willing.

Ismail pointed to the role of the ministry, since they are the national carrier and has a willingness to move all the goods and materials through its marine and rail, such as transportation and all ports in the world, whether of the state sector or the private transport sector.

http://www.ipairaq.com/index.php?nam...onomy&id=16425

Iraqi oil production beyond the normal rates

Oil Minister Hussain al-Shahristani to achieve a further increase in the federal budget up to $ 5 billion through increased production and oil exports.

An official source at the ministry, the minister predicted the increase in the federal budget by an increase in oil production and export during the past month.

He added that this increase occurred in the southern fields, where the output of these fields to more than 100 thousand barrels per day, adding that the ministry and through the plans and the national effort to Mlakatha will add to domestic production actually increased up to 400 thousand barrels per day during the period the next few.

The source confirmed that the ministry has now exceeded the highest level in oil production, amounting to more than two million barrels a day

http://radionawa.com/Ar/NewsDetailN....221&LinkID=105

Maliki warns of election delay

Warned Prime Minister Nuri al-Maliki to postpone the legislative elections under any pretext calling for the adoption of the open list.

This came during a meeting on Monday, former House Speaker Mahmoud al-Mashhadani and called on Maliki to "hold parliamentary elections as scheduled at the same time calling for the adoption of open-list and approval."

The face of al-Maliki and al-Mashhadani called on all Iraqis to participate in the wide elections, stressing the need to be conducted on a safe and stable to consolidate the democratic experience and support the political process.

http://www.radiodijla.com/cgi-bin/ne...?id=2009-10-12

U.S. general: the tension between Arabs and Kurds is a major security challenges

The spokesman for U.S. forces in Iraq, Gen. Steve Lanza, tensions between Arabs and Kurds in the disputed areas is the most important security challenges.

The Lanza in a press conference in Baghdad continue to improve the security situation in Iraq three months after the withdrawal of U.S. troops from cities.

Lanza pointed out that the attacks and armed to the lowest level since 2004, representing a decline of more than 80% since June 2007, as well as lower proportion of deaths and injuries among civilians about 90% since the same year.

http://www.radiodijla.com/cgi-bin/ne...?id=2009-10-13

Cabinet approves budget, oil contracts

The Iraqi cabinet approved on Tuesday the 2010 federal budget and the first round’s oil investment permissions.

“The decisions came during the cabinet’s 38th meeting on Tuesday,” Dr. Ali al-Dabbagh, the Iraqi government’s official spokesperson, said in a release received by Aswat al-Iraq news agency.

He said that the budget’s total amount is ID78.733 trillion, with a deficit of ID17.9 trillion.

Al-Dabbagh said that the government will pursue certain measures to get more incomes and to minimize spending.

http://en.aswataliraq.info/?p=120363

Foreign firms will get less than $1 per barrel – oil minister

Foreign firms investing in the oil sector will get less than $1 per each additional barrel, the Iraqi oil minister said on Tuesday.

Minister Hussein al-Shahrestani said that three oil contracts have been approved according to the first round of oil investment permissions.

“Oil production in each contracted oil field is expected to exceed six million barrels per day,” al-Shahrestani said in a press conference in Baghdad.

He said that his Ministry is determined to preserve Iraqi people’s interests.
“Companies will get back those projects’ costs without interests,” he said.

http://en.aswataliraq.info/?p=120354

Basra braces up for Washington conference with 120 investment ventures

Preparations are underway to participate in a conference in Washington as the Basra Investment Commission is planning to offer 120 investment opportunities in the province during the event, the commission chief said.

“The projects are coving the various sectors of production in Basra during the Washington conference which we hope would offer a chance to attract international investment companies,” Hayder Ali told Aswat al-Iraq news agency.

Washington is hosting a conference on October 13-21, to be attended by more than 750 Iraqi and U.S. businessmen.

Ali noted that another conference will be held at the Basra International Airport on Tuesday (Oct. 13), where representatives of eight British companies will be enlightened about investment opportunities in the fields of oil and gas.

“The British firms’ representatives are scheduled to pay field visits to a number of government institutions in Basra,” he added.

The oil-rich port city of Basra lies 590 km south of the Iraqi capital Baghdad.

http://en.aswataliraq.info/?p=120327

Iraq approves 2010 budget, plans bond issues

Iraq's cabinet has set its 2010 budget deficit at 17.95 trillion dinars ($15.3 billion) and plans to cover it with bond issues and loans from the multilateral lenders, a government spokesman said on Tuesday.

The 2010 budget includes spending of 78.73 trillion Iraqi dinars ($67.29 billion) as the country strives to rebuild after more than six years of war and destruction, and decades of conflict and sanctions under former dictator Saddam Hussein.

Ali al-Dabbagh said the budget, which must first be passed by parliament, would raise spending by 15 percent from this year's $58.6 billion. It was little changed from the figure of 78 trillion dinars proposed last month.

That previous figure was based on expected oil exports of 2.15 million barrels per day (bpd) -- slightly higher than current levels -- and the price of oil at $60 per barrel.

The spokesman said operating costs would amount to 57.87 trillion dinars and 20.86 trillion for investment spending.

Crude is Iraq's main export item and source of income, and the steep fall in oil prices from last year's all-time high of $147 a barrel punched huge holes in Iraq's spending plans.

The country is in talks with the IMF on a $5.5 billion loan programme, and a deal is expected 'in coming weeks', a spokeswoman for the body said last week.

http://www.forbes.com/feeds/afx/2009...fx6994537.html