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

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

Sami al-Araji: Business Conference in Washington, has exceeded expectations in terms of participation

The head of the National Investment Conference Sami Araji business and investment Iraqi American who was held in Washington over the past two days.

Araji said in a news briefing that the conference exceeded expectations in terms of participation and quality of inquiries and disciplinary and joint-stock companies, pointing out that the number of participants in the conference was "more than a thousand, and 100 participants.

Araji confirmed that the Iraqi side presented 750 projects economically during the conference, stressing the need for Iraq to implement projects in various economic sectors, particularly in the rehabilitation of infrastructure.

http://www.radiodijla.com/cgi-bin/ne...?id=2009-10-22

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

Maliki calls for international companies and investors to exploit investment opportunities in Iraq

Prime Minister Nuri al-Maliki's determination to find a dynamic private sector and strong and will not hesitate to take any action that would stimulate this sector to contribute to the process of transformation.

Maliki said in a speech Tuesday to the conference of the International Investment Conference in Washington, DC The state set up many joint task forces with international organizations as well as those working on a program of economic reform and modernization of financial management and banking.

He pointed out that the signing of the strategic framework agreement between Iraq and the United States impose on us more of the extraordinary efforts to achieve partnership and cooperation in all areas. "
The Prime Minister invited international companies, investors and the proceedings is a significant contribution to the development work in the fields of oil, gas, housing, education, education, communications, transportation, electricity, health, agriculture, industry and tourism.

http://www.radiodijla.com/cgi-bin/ne...?id=2009-10-20

Iraq election row could impact US pullout-official

President Barack Obama's timetable for drawing down the number of U.S. troops in Iraq next year could be changed if the country's January election is postponed, a senior Pentagon official said on Wednesday.

Any delay in withdrawing U.S. forces from Iraq could make it harder for the U.S. military to send 40,000 more troops to Afghanistan to counter a resurgent Taliban, as proposed by the top U.S. and NATO commander there.

Obama has yet to decide on General Stanley McChrystal's request.

Iraq's fractious parliament has so far failed to agree on a law that will determine how the next election is run, raising fears that the vote may have to be delayed.

Obama personally pressed Iraqi Prime Minister Nuri al-Maliki at the White House on Tuesday to complete the election law so the poll can take place as planned on Jan. 16.

The election could put to the test not only the country's fledgling democracy after years of war, but also the U.S. timeline for ending its combat mission on Aug. 31, 2010.

Pentagon policy chief Michele Flournoy said Washington was using all of its "diplomatic and other leverage to try to make sure the elections happen on time."

In testimony before a key congressional committee, Flournoy said Iraqi leaders had "another week or two" to try to work out their differences over the new election law, but could also opt to use a 2005 law as a "fallback" and remain on schedule.

If an agreement is not reached soon, she said, the United States would then have to "engage with the government of Iraq to do some contingency planning on how to secure the elections at a later date, and that might well have implications."

DRAWDOWN PLANS COULD BE CHANGED

Rep. Howard McKeon, the top Republican on the House Armed Services Committee, said he was concerned that Obama's timetable for a withdrawal left the top U.S. commander in Iraq "little room to maneuver" if the election is delayed.

"Scheduling troop withdrawals in Iraq should be based on the conditions on the ground," he said during the hearing. "Do we have contingency plans in the event the security situation demands revisiting the August 2010 timeline? Does this still make the same sense today?"

Flournoy said U.S. drawdown plans were "not rigid," allowing for "reevaluating and, if necessary, changing our plans based on developments on the ground. ... If need be, we will reexamine things."

The commander of U.S. forces in Iraq, General Ray Odierno, said earlier this month that he expected the number of U.S. troops in Iraq to drop to as few as 110,000 by the end of this year. There currently are about 119,000.

Provided the security situation is stable after Aug. 31, 2010, the United States would draw down to a 50,000-member transition force. That force would train and equip Iraqi forces, and protect provincial reconstruction teams, international projects and diplomatic staff.

So far, the U.S. military shows no sign of slowing its withdrawal.

Last week, it scrapped plans to deploy a 3,500-member Army brigade to Iraq in January. The decision means the brigade could be sent later to Afghanistan as part of a buildup there.

Officials acknowledge that any increase in troop levels in Afghanistan could hinge on drawing down the number in Iraq on schedule.

http://pukmedia.com/english/index.ph...14022&Itemid=1

Top UN official concerned over delay in amending Iraqi election law

The top United Nations official in Iraq voiced his concern on Wednesday that the delay in passing amendments to the country’s 2005 election law could disrupt the timeline and preparations for the holding of next January’s parliamentary polls.

Ad Melkert, the Secretary-General’s Special Representative for Iraq, emphasized that the date of 16 January is crucial as it is still within the limits set by the Constitution.

“Time is critical and further delays in ratifying the amendment clarifications and the legal framework can adversely affect both the current electoral timeline, and ultimately the credibility of the electoral process,” he said.

In a news release issued by the UN Assistance Mission for Iraq (UNAMI), Mr. Melkert urged all members of the Council of Representatives to ensure that the necessary progress is made to avoid disruptions to the electoral process.

Two weeks ago the Council delayed a decision on the election law amid disagreement over several aspects of proposed amendments and a desire of some parliamentary members to evaluate the performance of the Independent High Election Commission (IHEC), which is tasked with staging the polls.

“It is the collective responsibility of members of Parliament to now rise to the occasion and be ready to account to the Iraqi people who expect to exercise their right to express their preference in the upcoming elections,” stated Mr. Melkert.

He added that it is equally important that Iraqi parliamentarians recognize that the focus should remain on the national process and overcome any narrow considerations that could be the source of the current stalemate.

http://pukmedia.com/english/index.ph...14024&Itemid=1

Gulf Keystone and Oil Search announces the discovery of oil wells in Iraq
A company Gulf Keystone Petroleum Ltd. said on Thursday it had discovered an important resource for heavy oil in the Well "Shikan -1" in the Kurdistan region of Iraq.

The company said it is estimated that the total range of oil at Shikan - which have been tested at a depth of 2055 meters - between 1.0 billion and 5.3 billion barrels ...

The company undertook the Dynamic Global Advisors is an independent assessment of the well. Gulf Keystone said it continued to drill the well and set the target depth of between 3200 and 3500 meters and it expects a higher estimate for the well resource.

Earlier this month, Gulf Keystone said it had found oil in the upper parts of the section is from the Triassic of well Shikan -1.

The company's shares ended trading on Wednesday at a price of 114 pence in London Stock Exchange.

For her part, Oil Search Limited Oil and gas included in the Australian stock market it had discovered oil in the new exploration well in the Kurdistan region of Iraq.

The company said on Thursday that production testing of the different depths in the well "Hachal - 1" ranged between 750 and 950 barrels per day of oil which has a density of quality.

http://translate.googleusercontent.c...KVO8WVl4cMx3Sg

The arrest of a gang visit the Iraqi currency in central Baghdad

Said the Iraqi Interior Ministry, on Thursday, said that its security forces have arrested a network counterfeiting class 10 thousand dinars in a house in central Baghdad.

The ministry said in a statement that the detachment was formed by order director of the Anti-terrorism role raiding a residential area Sarafiya (central Baghdad) resulted in the arrest of a network operations counterfeiting Iraqi currency, the category of 10 thousand dinars, adding that the arrest warrant was issued by a court decision against the accused.

The statement added that the problem detachment seized in house printing systems and CD-ROM used to load programs in fraud, noting that the accused's statements judicially ratified to take legal action against them.

http://translate.googleusercontent.c...CmEhFMqzMNYUMw

Oil: Modify the contracts is natural

Ministry of Oil said that the introduction of amendments to the contracts with international companies is natural, but insisted on their respect for these contracts to prevent any Rsaii raise concerns among investors.

The spokesman said a spokesman for the Ministry of Oil that "if the contracts had been introduced some amendments or changes it is normal, but some try to give an aura of excitement and fear of them will be cosmetic."

The spokesman stressed that the ministry emphasized respect for contracts "because of the characteristics of respectable" and "We did not disagree with the Constitution or the law, adding that some changes or modifications is normal if it wants the next government implemented in line with public interest."

The spokesman considered that the government enter into contracts "transparent and clear in the national interest" and that the contracts concluded so far believe the best production of oil fields, as in Rumaila.

http://translate.googleusercontent.c...bGYfJghOUNxjbw

Migrate oil and gas law to parliament next decades will not affect the ministry

said Spokesman of the Ministry of Oil, said the deportation of oil and gas law to the next parliamentary session in the absence of approval during the current legislative term, will not affect the Ministry's plans to sign service contracts and product development.

He said Assem Jihad told the independent press (Iba) said Friday that the ministry deal with the issue of signing contracts in both rounds of licensing or development projects and rehabilitation of the sector within the legal limits and does not encroach on the mechanics of the contract according to Maikhaddm sector.

He said the ministry stands in opposite to the views, calling for expelling the law to the next session, where the government has launched the draft in February 2007, a period long enough to add a new paragraph or other adjustment. Stressing the importance of law in promoting economic growth of Iraq.

And the Jihad that seek to promote the work of the oil sector can not be achieved without a clear economic program, and create conditions for investment by attracting foreign companies. Pointing to the existence of Stratejp to find solutions to the problems experienced by the units in order to raise oil production capacity.

It should be noted that the number of members of the House of Representatives as likely to postpone the adoption of the law because of what they called a "political disputes," which promise to citizens disregard the will of the citizen and persevere in the failure to meet the demands for improving the reality of living according to Maordth a press reports

http://www.ipairaq.com/index.php?nam...onomy&id=16834