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

Trade: The total registered within the system of supply exceeding 32 million

Ministry of Commerce revealed that the total registered under the ration card system across the country exceeded 32 million people.

The Director General of the Department of Supply and Ministry of Planning luxurious Riad al-Hashemi told a news briefing that the number of citizens registered under the ration card system has so far reached 32 million and 247 thousand and 528 citizens.

Noting that the data card records indicate that the increase in population in Iraq up to about one million people per year.

He pointed out that the Angels Hashimi Chamber continue the process of modernization of the records on the card, and add a recording includes neo-natal and citizens returning home.

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The oil and gas legislation calls for the oil law

Meanwhile, deputy head of the oil and gas in the House of Representatives to make laws the subject of legislation before the oil accounting and Oil Minister Hussain al-Shahristani, on the grounds that the legislative process is more important than questioning the minister.

And Abdul-Hadi al-Hassani said in a press statement that there are things more important than the subject of interrogation, including the legislation of certain laws that restrict the oil and gas law and the national oil company, because the legislation of these laws will give significant benefits to the country by improving the economy and the advancement of the field of investment of oil wealth.

And that the charges raised by the oil minister is not large, and if these laws will be initiated it difficult for the minister to challenge.

Hassani acknowledged the importance of accounting and control at the moment, but he stressed the importance of laws to introduce legislation on monitoring and accounting.

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Ratification of the contracts to develop Iraqi oil field Rumaila

Council of Ministers approved contracts with Iraqi companies (BP) British and (CNBC) Chinese to develop Rumaila oil which has a capacity of 17.8 billion barrels.

And Abdel-Mahdi al-Amidi, Director, Division of Licensing, told Reuters that these contracts are the first major agreements signed in accordance with the international auction.

Amidi said that ratification of this contract sends a strong signal to the rest of the international oil companies that wish to work in Iraq.

The Amidi, that Iraqi officials were in talks again with the company (Shell) to review the offer to work in the oil fields of Kirkuk, after failing to win the company's global license in the first tender Iraq last June.

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Strength of Iraq's oil is growing, but companies are looking forward to the election

Iraq has taken a step toward becoming a major force in the world's oil but the political maneuvers by any of the parties participating in elections in January could disrupt plans to increase production to about three-fold.

Approaching Baghdad from the signing of agreements to increase the production of millions of barrels per day of the third-largest oil reserves in the world, could plunge Iraq into third place - the seventh - a list of the largest producers.

But foreign oil companies see the policy a threat to the legitimacy of contracts and a source of great seriousness on investment.

The conflict has already disrupted the attempts to attract investments worth billions of dollars necessary to reform the sector, which collapsed because of years of sanctions and war.

The E.xecutive said a major oil company compete for contracts in Iraq "is still the legal status of the contract is not clear. That is the big problem now. Spare Iraq a long way to clarify other issues, the agreements appear to be better .. .. but who will believe it .. Will the next government will respect the Hmaaltsidik ... "

And give Iraq an agreement to a consortium led by Italian oil giant Eni to develop the Zubair oil giant boost output by about one million barrels per day.

Iraq had laid another contract to increase the production Rumaila by 1.8 million barrels per day to a consortium of me. Quote, Profile, Lucy. That. Me. C-Chinese. Two decades and awaiting ratification by the Council of Ministers on them.

However, there is no agreement in Iraq, about who has the authority to approve such agreements. The Oil Ministry says that the ratification by the Council of Ministers enough. But some lawmakers say that the parliament is only those who have that power.

Fears oil companies to come to abolish the governments of those agreements. The problem is part of a wider conflict.

After more than six years of US-led invasion of Iraq after Iraq had not reached a consensus on how to develop the oil wealth and the distribution of revenues.

The crisis and delayed the adoption of a new oil law for years and left the country facing difficulties in maintaining production at the pre-war levels because of crumbling infrastructure.

Said Samuel Sizok an energy analyst at the Middle East has any. HP. Feed Global Insight "in the presence of the uncertainty associated with the ratification of the agreements, elections and other .. it may be premature to say that Iraq achieve its objective.

"But this is an important and very positive towards the provision of a much larger oil supplies to the market during the past seven to nine years."

And good conditions of Iraq oil contracts as tax cuts to attract big oil companies that had been rejected the previous conditions, which it considered difficult.

Approaching Baghdad from the signing of the third also compete as a consortium led by Exxon Mobil with another led by Lukoil, Russia to promote the production of the West Qurna field up to 1.8 million barrels per day.

And Iraq's failure to conclude agreements on the fields of Zubair and West Qurna in the bidding round held in June, was the first since the war in 2003 has not been awarded a contract in which only one of eight contracts for oil and gas before the tour.

Observers said that the E.xecutives and officials to conclude agreements at the moment and revive the interest of oil companies promise good results for the second round to be held in December.

And the second round in particular fields has been tapped so far and may increase production in larger quantities.

Said Alex Manton Foundation, an analyst at consultancy Wood Mackenzie, "It is positive from the standpoint of Iraq because it means that the negative reaction to the first round of offers .. based on the fact that the contract has been awarded only one .. no longer exists.

"This proves that these projects may be marginal in financial terms but is still economically viable companies is also accepted that the conditions for investment."

Some argue that the way it was negotiated in which the new agreements and the timing of this could cause the problems for later.

He said an oil company E.xecutive of another world "The whole thing prepared for the elections. Want (Iraqi Oil Minister Hussein) al-Shahristani, the conclusion of agreements to show that he has achieved some success."

The al-Shahristani has a lot of transparency with regard to the first round of broadcast T.elevision stations on the air, however, the new agreements were discussed behind closed doors.

It is scheduled to appear al-Shahristani told parliament for questioning on 27 October, could face a vote of no confidence over accusations of mismanaging the country's oil wealth.

The stakes are high for the Minister and Iraq and the oil market and OPEC. However, al-Shahristani can through those agreements, allegedly to make progress towards the promotion of oil revenues to pay for reconstruction.

And add 4.5 million barrels per day of oil exports could generate the Iraq $ 300 million additional day at current prices.

The total additional supplies about five percent of global daily demand. The reduced supply of new prices for years and allay fears that future demand will exceed supply.

And Iraq is a member of OPEC but is excluded from the production quota system because of the impact of war and sanctions. Could push the program to increase the production capacity of Iraq to seven million bpd from around 2.5 million barrels per day currently OPEC to discuss Iraq's claim to rein in production to not flood the market and push prices down and grab a share of other members of the market.

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MP Mahmoud Othman: Kirkuk is the only real barrier to adoption of the electoral law

MP from the Kurdistan Alliance Mahmoud Osman said that what he described as "the dilemma of Kirkuk," is the only remaining barrier in the way of adoption of the electoral law after the agreement on the open list.
He said in a news release published on Sunday that the Kurdistan Coalition submitted a proposal to review the records of the provinces of Salahuddin and Nineveh because we believe that there is abnormal increase in the preparation of electoral registers and the others thought that the increase took place in Kirkuk.

He pointed out that making the specificity of Kirkuk elections means the impossibility to reach an agreement regarding the election law, adding we are continuing negotiations side and hope to reach a satisfactory agreement before Monday.

And calls for the parties to Arab and Turkmen in Kirkuk to the division of constituencies on several components of Arabs, Kurds, Turkmen and Christians, which categorically rejected by the Kurds.

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Ayad al-Samarrai: Voting on the election law will be open

Speaker announced that the parliament Iyad al-Samarrai may resort to the method of voting to the election law if there is no consensus among political blocs.

Samarrai said in a press statement that the House of Representatives will seek to reach political consensus on the election law, adding that in the absence of political agreement would be option is to vote.

He pointed out that on Sunday or Monday is the deadline for that, saying at the same time that the vote will be open and a show of hands.

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opening a new branch of the Bank of Iraq at the helm of Hindi

The Ministry of Finance was called to order Wednesday morning a new branch of the Bank of Iraq at the helm Hindi province of Babylon.

A media source in the ministry that "the General Manager of Bank of Iraq Abdul Hussein Abdul Azeem Yasiri the morning and on behalf of the Minister of Finance Baqir al-Zubaidi ascend Hindi opened a branch of the Bank of Iraq."

The source noted that "the number of branches of the bank then became the opening (156) branches, in addition to (7) branches outside Iraq and this becomes the branches of Babil province (7) branches."

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Maliki is important talks with officials at the White House

Head of Iraqi Prime Minister Nuri al-Maliki said Sunday the United States to participate in the investment conference to be held there, as well as discuss the issue of Iraq would emerge from Chapter VII and the formation of an international court on Wednesday the bloody attacks.

The al-Sabah newspaper quoted a source close to Maliki's government as saying that there will be an important talks with officials at the White House and the United Nations and the UN Security Council.

The newspaper said it was hoped that Maliki, during his in-depth talks with UN Secretary General Ban Ki-moon and President of the Security Council on the government's latest request for an international tribunal and to send a special envoy to the fact-finding about the bloody Wednesday's blasts.

The investment conference on Iraq in Washington, held during the period between 20 to 21 of this month, with more than 800 companies and a foreign investor and an Iraqi.

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Samurai confirms that the next legislative elections will be held on schedule

Speaker of Parliament, Iyad al-Samarrai said the upcoming legislative elections will be held on schedule.

Samarrai said in a press statement that there is no basis for postponing the elections in the Constitution, both in the whole of Iraq, or in Kirkuk province, stressing that elections will be held on schedule in all governorates of Iraq from Kurdistan to Basra.

He explained that talking about boycotting the elections but it shows his point of view, indicating that does not exist for the province, but no one to talk so such things.

He further said that the election law will be issued next Monday, and there are amendments which will satisfy the Iraqi people and all parties involved in the process of political parties and blocs and individuals.

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Ministry of Commerce calls on Parliament to accelerate the adoption of the supplementary budget

The Ministry of Commerce House of Representatives need to speed up the adoption of the supplementary budget and increase dedicated to the ministry in order to allow them the opportunity to provide items of supply and ensuring a strategic reserve of food for the population.

He called on Chancellor Abdul Hadi Humairi in a statement the members of the House of Representatives to prioritize and accelerate the adoption of the supplementary budget to contribute to the removal of restrictions on the legal procedures for the provision of monthly quota of citizens of the ration card items and ensure sufficient stocks for the first half of next year.

He noted Humairi to increase dedicated to the process of supplying the components of the ration that the fixed amount under the supplementary budget of $ billion and $ 400 million is not enough to perform this operation satisfactorily.

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