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

Shell announces cut gas flaring in Iraq

Announced the company (Royal Dac Shell) on the reduction of gas flaring in oil fields in southern Iraq by 15 to 20 percent, and it is ready to strike a deal to develop gas resources in Iraq's rich.

The vice president of the company Mounir Bouaziz on the sidelines of a workshop on Iraqi oil in Istanbul, "has been stopped already burned more than 100 million cubic feet a day."

Bouaziz, adding that the joint venture, pending final approval from the Iraqi Ministry of Oil and Shell ready to sign, adding that if approved by the Ministry of Oil Agreement be referred to the Cabinet for approval.

And that Shell negotiations to reach an agreement to extract and use of gas released as a byproduct of the process of extracting oil from fields in southern Iraq, which is being disposed of by burning.

http://www.radiodijla.com/cgi-bin/ne...?id=2009-10-19

Ali al-Dabbagh: more than a thousand personal investment involved in the Iraqi-US Investment Conference

Government spokesman Ali al-Dabbagh said more than a thousand personal investment involved in the Iraqi-US Investment Conference held in Washington.

Al-Dabbagh said in a press statement that the attendance was remarkable on the part of companies and investors, where the conference included the participation of different sectors in the economic field and trade, noting that the Iraqi side had a big role in this engagement.

A government spokesman said the conference would help Iraq is also to be a first map of the future strategy to create a more expansive environment for investments in the country.

http://translate.googleusercontent.c...gfBJIMCNqvSpPQ

Washington stresses Sahia to strengthen economic partnerships and trade ties with Iraq

Began the work of the business and investment Iraqi-American in the U.S. capital on Tuesday attended by Secretary of State Hillary Clinton and Prime Minister Nuri al-Maliki.

Clinton urged during the conference, companies and economic and investment to promote investment in Iraq after the progress made by several levels of security, political and economic.

She stressed that Washington would seek to strengthen economic partnerships and trade relations between the two countries, calling on investors to move quickly and not to miss opportunities to establish trade relations with Iraq.

http://radionawa.com/Ar/NewsDetailN....110&LinkID=105

Iraqi Oil Ministry confirms that there is canceling contracts with companies

Reduced the Iraqi oil ministry the importance of the oil companies warning that the next government might cancel the contracts, asserting that the agreements signed and the high level of transparency.

He said ministry spokesman Assem Jihad, the oil of life that the government enter into contracts in a transparent and clear in the national interest.

He explained that the contracts entered into provide the best production of oil fields as Rumaila, noting that the contracts are contracts of service, not a monopoly, and Iraq goes towards the building of state institutions.

So said another source at the Oil Ministry that the contracts if it introduced some amendments or changes it is normal and the changes that some are trying to give an aura of excitement and fear of them will be a formality.

The Committee on the oil and gas companies warned in parliament, signed investment contracts for the rehabilitation of some of the fields to cancel or change the terms of such contracts from the next government.

http://radionawa.com/Ar/NewsDetailN....146&LinkID=105

Obama hails Maliki's business visit

US President Barack Obama hailed the importance of a visit by Prime Minister Nuri al-Maliki, who is accompanied by E.xecutives from 200 businesses and officials overseeing some 750 projects in all economic sectors.

"It represents a transition in our bilateral relationship so that we are moving now to issues beyond security and we are beginning to talk about economy, trade, commerce," Obama said as a two-day business and investment conference began at a Washington hotel on Tuesday.

"We've seen over the last several months progress being made on providing clarification about investment laws inside of Iraq. There are obviously enormous opportunities for our countries to do business together," Obama said.

With US troops withdrawing from Iraq, Maliki, who appeared earlier at the conference, said US-Iraq ties are moving beyond security cooperation to "economic development."

"We are trying to rebuild all our sectors of agriculture, oil sectors, tourism and so forth," Maliki said.

"We want to give the US companies an opportunity to be present in investing in Iraq, and all this cooperation on the basis of the Strategic Framework Agreement," he added.

Maliki said elections scheduled for next year must be held on time and done properly.

US Secretary of State Hillary Clinton, who was with Maliki at the business forum, said free, fair and safe elections would pave the way for a new national unity government and improve the climate for business.

Although the Iraqi parliament has delayed a vote on a comprehensive hydrocarbon law to regulate the oil sector, Clinton said, Baghdad can take steps in the interim to lend transparency to how natural resources are managed.

The chief US diplomat also made a plug for investment in Iraq.

"As the Iraqi government continues to make its reforms, I urge US businesses to really see all of the progress that has been made. The security situation has improved. The conditions for investment are stronger," Clinton said.

While Iraq's National Investment Commission chief Sami al-Araji has conceded he does not expect deals to be inked at the conference, some 750 projects will be presented to potential investors.

Obama Tuesday said it was important for Iraq's parliament to overcome delays and pass an election law.

"We are very interested, both of us, in making sure that Iraq has an election law that is completed on time so that elections can take place on time in January."

Obama reassured Maliki that the United States would meet its deadline to withdraw its troops from Iraq.

"I re-emphasized my commitment to Prime Minister Maliki that we will have our combat troops out of Iraq by August of next year, and all of our troops out of Iraq by 2011," Obama said.

"What is wonderful about this trip is that it represents a transition in our bilateral relationship, so that we are moving now to issues beyond security and we are beginning to talk about economy, trade, commerce," Obama said after the Oval Office talks.

Maliki pleaded for remaining UN sanctions against Iraq, imposed after former leader Saddam Hussein invaded Kuwait in 1990, to be lifted.

http://pukmedia.com/english/index.ph...14001&Itemid=1

Iraqi Parliament again fails to vote on Election Law

The Iraqi Parliament failed again to vote on Election Law in Wednesday’s session October 21, Speaker of the Parliament Iyad al-Samarai postponed session to next Sunday.

In a press statement, Lawmaker Bahaa al-Araji said that the draft law was sent to the Political Council for the National Security because the parliamentary blocs failed to reach an agreement about it.

Bearing in mind, this is the 3rd time the Iraqi lawmakers fail to vote on the aforementioned law.

http://pukmedia.com/english/index.ph...14004&Itemid=1

Interesting,

Check out CNBC and Erin Burnett who was in Iraq this week on special to learn that even Jim Cramer is waking up to Iraqi Dinar. Things look very positive with over 500 companies represented at the Iraq investment conference. This is the first major coverage on Iraq based on positive growth potential and what is going on. Worth a look, I think it is timely for a reason.

Success to all, Mike
http://www.cnbc.com/id/15840232?video=1301859004&play=1

Iraqi Parliament speaker meets with UN Envoy in Iraq

Ahead of the parliamentary session, Iraqi Parliament Speaker Dr. Iyad al-Samaraie met with the UN special envoy in Iraq Mr. Ad Melkert in his office in Baghdad on Tuesday October 20, 2009.

They discussed the issue of Kirkuk and the ways of pushing forward the political process through approving the elections law.

Bearing in mind, al-Samaraie cancelled his official visit to Turkey, which was scheduled on Tuesday due to the account of complications over approving the elections law.

http://pukmedia.com/english/index.ph...14009&Itemid=1

Shammari: we will draft the disengagement between the issues of Kirkuk and the electoral law to pass amendments to the Law
A member of the Legal Committee, MP Hassan Shammari said he would draft the disengagement between the issues of Kirkuk and vote on the proposed amendments to the electoral law

Shammari said the head of the parliamentary virtue in a televised statement with al-Hurra: "We will raise tomorrow," Today "project breaking the link between the issues of Kirkuk and the electoral law and this project is not required to vote on all the paragraphs, all the proposals submitted to the Legal Committee, except the issue of Kirkuk."

He said Shammari, "The issue of Kirkuk, the discussion and negotiation, which will continue to hold elections in Kirkuk until after the settlement of the dispute around which may be used by some of the breakdown of law and Rahua to the old law and the closed list."

He continued, "We present this project officially Iua tomorrow and we will try to convince our partners in the National Coalition and other political blocs."

http://translate.googleusercontent.c...P5m1VYCmP_FmQw

Council of Ministers to constitute a committee to follow up the m.obile phone companies

The cabinet formed a committee to follow up the implementation of the Media and Telecommunications Council of Ministers Decision No. (165) for the year 2009 and to require m.obile phone companies to pay the premiums due and the amount of $ one billion and eight hundred and seventy-five million dollars with all of the amounts to be paid for accrued interest and fines imposed on the company due to lack of improvement The realities of service and network deployment and fines resulting from the use of gates of influence belonging to the Ministry of Communications.

In addition to the fines on the rights of citizens affected by those companies. Alganpbriasp came Minister of Communications and Membership Advisor to the Ministry of Finance and Assistant Secretary-General of the Council of Ministers as well as a representative of the Ministry of Justice and a representative of the Office of the Minister of state for national security.

http://translate.googleusercontent.c...z2bq73PeeCR95Q