Thread: Archive News - Iraqi Dinar Think Tank - 01/10/09 - 27/03/10

CBI sells $185m on Monday

The Central Bank of Iraq’s (CBI) dollar sales reached $185.485 million in its daily auction on Monday, compared to $130.669 million in the previous session.

“The demand hit $14.08 million in cash, covered at an exchange rate of 1,170 Iraqi dinars per dollar, and $171.405 million in foreign transfers outside the country, covered at an exchange rate of 1,173 Iraqi dinars per dollar,” according to a CBI news bulletin received by Aswat al-Iraq news agency.

None of the 14 banks that participated in today’s session offered to sell dollars.

http://en.aswataliraq.info/?p=127041

British firms vie for contracts in Iraq’s Basra

The southern Iraqi Province of Basra has invited 25 British firms to persuade them to bid for contracts and invest in the impoverished region.

The British business E.xecutives were led by Baroness Emma Nicholson.

Hayder Fadhil, head of the province’s investment commission, said the visit was an opportunity for the firms to see that conditions were suitable for foreigners to invest.

He said the province, of which the city of Basra is the capital, was in urgent need of foreign investment.

Fadhil said foreign firms were also most welcome to bid for contracts in southern Iraq.

Foreigners are not yet willing to start businesses in the country or implement the contracts they sign. They cite lack of security as the main reason.

The province holds the largest portion of the country’s proven oil reserves of about 115 billion barrels.

It is home to some of the world’s giant oil fields which still await development.

http://www.azzaman.com/english/index...02-15\kurd.htm

143 candidates banned from Iraqi elections

Justice and Accountability Commission officially announced the ban of MPs Saleh Al Motlaq, Zafer Al Ani and 143 other candidates from Iraqi upcoming Parliamentary elections.

Head of the Commission Ahmad Al Chalabi accused Washington of exercising pressure on the appeal panel to allow banned candidates to stand in elections.

MP Mithal Al Allusi accused Vice President Tarek Al Hashemi of supporting terrorism by helping former minister Asaad Al Hashemi run away after he was accused of killing Al Allusi’s sons.

http://www.alsumaria.tv/en/Iraq-News...elections.html

Is Parliament extended to prevent MPs trial?

A close source from Iraq’s government accused Parliament Speaker Iyad Al Samarraie of trying to extend the Parliament till after elections in order to prevent the trial of certain lawmakers.

Al Samarraie and a number of political parties are trying to extend Parliament’s term until the new Parliament is formed in order to prevent the trial of some MPs charged of different crimes, the source told Alsumaria News.

Ten MPs are wanted by Iraqi Justice which is waiting for the end of Parliament’s legislative round to arrest them, the source added.

These accusations are untrue, Parliament speaker media office said.

It is part of Iraq’s parliamentary electoral campaign; it added noting that Parliament legislative round ends on March 16.

http://www.alsumaria.tv/en/Iraq-News...-trial%3F.html

Business guide: Operating in Iraq
The overwhelming potential that work in Iraq holds for the majors embarking on their mammoth tasks will deliver an immense opportunity for hundreds of Middle East based oilfield service companies, EPC contractors and niche technology providers.

If the work is to be done in the timeframes suggested, domestic knowledge and skills will be nowhere near enough.

However, doing business in Iraq can be a costly, frustrating and difficult business. For the first time in many years, however, the opportunity is so great that it easily outweighs the pitfalls, as many first-movers from the international and Gulf region are finding.

To open the lid on the business environment in Iraq, Oil & Gas Middle East tracked down Baghdad residents John Desrocher, minister counselor for economic coordination, US State Department, and Gary Soper, first secretary, head of UK Trade and Investment, Iraq.

"The Iraqi message is very much one of investment. They are very keen to see more companies establish operations there, but also to broaden that whole dialogue to include trade as well," explains Soper.

However, getting your investments off the ground in Iraq will be an uphill task. "It is clear that in some ways this is a challenging place to do business. This is a country which is essentially rejoining the world economy for the first time in decades," outlines Desrocher.

For small and medium size enterprises Iraq remains a small but growing opportunity landscape. For the time being the biggest rewards are there for the multi-national companies which carry the clout of global support with them.

Breaking into to Iraqi markets also represents challenges quite beyond those of the rest of the region. "It's important to bear in mind that the private sector is still small in Iraq. Over 43% of the working population is employed by the government or state owned enterprises, so there isn't the same dynamism in private hands that you find elsewhere," explains Soper.

"However, it's still early days and there is a very steep learning curve under way. You can see from the difference in the way the first and second oil bid rounds were undertaken that the improvements are being made swiftly."

A further consideration is that a great deal of international work is predominantly handled by the ministries. SME's might not have the level of financial backing required to stay in for the long haul currently required.

In terms of getting started, both Desrocher and Soper agree that your home country's embassy or trade mission is the best place to start. Following that step, the National Investment Commission, which was established in 2006, is the next port of call. The NIC, led by its Chairman Dr. Sami Al-Araji, is the face of private investment in Iraq, with a mission to serve as promoter, facilitator, monitor and policy advisor for firms looking to invest in Iraq.

"The NIC is one of the first places we would direct people and can help companies clear all the hurdles and challenges which are out there. They are really very dedicated and they work very hard promoting investment, as well as being good people to work with," says Desrocher.

Whilst a number of agencies have sprung up focused on specific industries, in theory to streamline processes and procedures, but it is not always clear where the lines of demarcation between them lie, and vested interests still have a habit of coming to the fore. Clearly not a market for the feint hearted, but things are improving.

Government ministries don't have the pedigree of making important decisions. The ingrained system is that everything goes up to the highest level. "There have been instances of $40,000 projects which aren't signed off because trade and development contracts do not have a framework in place. There is a natural tendency to send everything towards the presidential office for authorisation," says Soper.

For companies looking to set up in Iraq and finding office space in the International Zone (formerly the Green Zone) the consensus is be prepared to progress slowly. "There are companies on the ground in the International Zone which have facilities for rent - either for flying visits, kitted out as a standard board room, as well as temporary and medium term office units," explains Soper.

For long-term partnerships the model appears to be that once companies have the confidence to set up a local joint venture that will facilitate moving out of the International Zone.

The market is clearly not one for the feint hearted, and much ground work must be laid before embarking on your business plan. Rich pickings won't come quickly, and finding a suitable JV partner looks to be the best vehicle for medium-term penetration. For the firms that successfully crack the major projects, the rewards are unparalleled in the coming decade.

http://www.arabianbusiness.com/58123...n-iraq?start=1

Barzani: Totalitarianism is gone forever from Iraq

The president of Iraq’s Kurdistan region, Massoud al-Barzani, on Monday said that totalitarian rule is gone forever from Iraq, calling for building a country that believes in partnership and balance and based on the constitution.

This came during his speech at the inauguration session of the 5th Conference of Muslim Scholars Union in Kurdistan, which kicked off earlier today.

“We want an Iraqi and balanced partnership. The constitution should be the arbitrator,” Barzani pointed out.

Barzani has stressed the necessity of resolving differences between Baghdad and the Kurdistan Regional Government (KRG).

http://www.pukmedia.com/english/inde...ion&Itemid=385

Foreign exchange reserves at the central bank .. conflict development or stability

Foreign exchange reserves (Foreign exchange reserves) is literally deposits and bonds in foreign currency only maintained by the central banks and monetary authorities. However, include the term in the common use of foreign exchange and gold reserves and the positions of the SDR (Special Drawing Rights) and the International Monetary Fund.

A more widespread use, preferably described as the official international reserves or international reserves. And keeps the assets of the Central Bank reserves in various currencies, mainly from the U.S. dollar, including the euro and the pound sterling and the Japanese yen, and is used in the fulfillment of debts such as the local currency of which the holder is really the body that issued it and the various reserve banks deposits with the Central Bank by the government or financial institutions.

The official international reserves, is a means of international payments official, was previously only of gold and sometimes silver. But in the framework of the Bretton Woods system, adopted the U.S. dollar as reserve currency, and also become part of the official international reserve assets of the States. The year 1944-1968 was U.S. dollar convertible into gold by the Federal Reserve System, but after 1968, unique to central banks the possibility of the dollar's convertibility into gold of the official gold reserves, and after 1973 did not enable any individual or institution of the dollar's convertibility into gold of official reserves of gold. Since 1973, it is no longer possible to convert any of the other major currencies into gold from the official reserves of gold. Must be on individuals and institutions are now buying gold in private markets, like other commodities. Even if the U.S. dollar and other currencies are no longer convertible into gold from the official reserves of gold, it is still working in official international reserves.

At a time when we all appreciate and respect the makers of monetary policy in the Iraqi Central Bank and realize their potential scientific, but the conflict economic schools not complain on one of the debates would not prevent the serious scientific department five years ago the Central Bank and the Economic Advisory for prime minister because it will deepen the knowledge of the result and expand economic decision which is the best Murad everyone, and can be viewed from the perspective of dialectical monetary stability, which may one day lead to economic development, missing since 30 years ago and posed by the tight monetary policy (deflationary) and economic illustrious patron Dr Ahmed Salih, adviser to the appearance of the central bank , and controversial broad economic development in every sense in the short term and medium term (broken for monetary imbalances and welcome) in order to break the cycles of underdevelopment and poverty and move the economy towards a wider spaces in terms of performance in the side of the real and the creation of entry and delivery of services and the restoration and reconstruction of damaged infrastructure (development) to lead by extension, to the stability of the monetary side, in the sense that monetary policy is to have a permissive (invasive) and the patron author of these lines.

As for management of the Iraqi Central Bank to its foreign exchange reserves could not have provided them a lot of the observations and reservations, including:

First: The indicators that are declared by the Central Bank, to reflect the proper management of foreign exchange reserves (given only on the assumption) that the monetary policy on (exclusively) to preserve the Iraqi dinar exchange rate (and on) with the support of the other macro economic policies in a country with a broad developmental gap, Under this assumption the monetary policy has worked successfully in Ahtiatitha investment of the assets of high liquidity and low risk and has achieved a return may seem relatively (accounted for more than economic) in the framework of (fiscal tightening), which is close to classical thought, which is that (money futile Delta), thereby The seizure of the performance of its funding is the cause of accumulated. And a reason to rein in inflation derived from the monetary reasons they believe is contrary to reality.

Third: The foreign exchange reserves is an important indicator of a country's ability to repay foreign debt and maintain a high exchange rate of the coin, and I might give the impression (we do not need him) to external creditors and claimants of that our economic situation is fine with evidence that the absorptive capacity (our economy) saturated with the financial injection and became the central bank accumulates foreign reserves which is (are) in a country ruined structures and needs more than (400) billion dollars for reconstruction, and the second exchange rate is also overstated (the larger) as it is subject to a strict regime by hard-line (UAE Time) and not through a flexible exchange rate consistent with the constitutional and ideological desire for the new system in the restoration work of the market mechanism and remove the distortions and interventions in the work (the prices), then why not keep the bank on the exchange rate ($ 1 = 1500 dinars) in 2004 as it continued each year criticized the Ministry of Finance is less dinars per dollar, so arrived at (1 $ = 1170 dinars) in 2009 to mean that it gives (the ability of less government spending, the amount of dinar and see you more than the dollar as a reserve), and the small number of central banks in the world still believes that the foreign currency has accumulated (index) the Great to show the strength of its local currency, and this (simplified) is unjustified, as part of the adoption by many other factors (domestic demand, production and productivity, imports and exports, relative prices of goods and services, employment levels ... etc) , in shaping the strength of the economy and its currency exchange rate accordingly.

Fourth: The central bank called in his messages as one of its reserves (foreign currency) rather than (dollar) and Ayad him to diversify reserves led to an innovative profit-taking, the task of being a Att (foregone conclusion), because there is a price to keep (a huge reserve), which is the price multi-faceted, including exposure to fluctuations in exchange rates in the markets, which are reflected in the gains or losses, may not be true (if the reserve was originally diverse) because the decline in the amount of the loss of some currencies appear in the gain rise in other currencies, unless the Iraqi Central Bank to make the reserve Cash (dollarised exclusively) a dispute regarding the fight against Mayalnh (dollarization), and the result may be Mkaspp is to maintain the purchasing power of reserves, the decline of the dollar exchange rate lately, but Ayad it (an additional net profit), so central bank is already successful and brilliant to predict trends in market exchange rates, this means that he had exercised function (master currency speculator), a function fought strongly (tough) when exercised by the people and that it will ease the financial sneak out to the speculative activities without the meaningful activities and sought to identify firmly margins profit from the sale and purchase of currencies and shutting down thousands of shops, which was the door of livelihood of those within the narrow margins in employment opportunities, the factors to be added to the high rates of unemployment contributed to the tightening of monetary policy significantly, however, are still to Analm if (profit) is achieved able to maintain the purchasing power of reserves or is it less than that in light of inflation rates did not decline significantly despite the financial crisis. And back they paid Kalthassan real reasons of security and the global decline in aggregate demand (deflationary pressures) caused by the crisis and not the result of monetary policy.

Fifth: We agree with the Central Bank in the fact that (the lack of foreign currency reserves) and one of the so-called risk-risk countries (COUNTRY RISK) - and support to avoid risks, too - as stated in the article by Dr. Ahmad Saleh appearance in the newspaper of the Union, but this danger does not exist in Iraq, compared to a country such as Egypt reached its reserve of foreign exchange (34) billion U.S. dollars, while the total volume of foreign debt owed by (31.5) billion dollars, because the reserves in Iraq over the last six years has not decreased but also proves continues to increase, reaching more than (52) billion dollars currently being built and this Ghali, the central bank to avert the risk (is not there already), did not contribute to the security and the security of a remote relative to avoid other risks that can be summarized in the survival of the country under pain of defaults and declining operating and production, incomes and the growing gap between the foreign exports - imports (MX) and reflections on the gap between domestic savings - investment (SI) to increase of the phenomenon of economic rent (Dutch disease specificity of Iraq) and increasing leakage from the income cycle, and not central bank can provide a document indicating the size ( Alfrsip cost) resulting from the accumulation of reserve selection (semi-frozen) for the potential benefits for development, if the economic availability (ease financial) and contented himself by comparing Mojtzep for the failure of public expenditure (investment part of it especially which is limited) to move the economy in the real sectors may be right in his assessment of this part of the overall spending, but he did not carry out any developmental role in supporting private spending and in particular (private investment expenditure), which indicates the survival of monetary policy orbit specification centrally planned economy and thus mimic the powers of anti-economic transformation was not free from AIDS ( Cluster cash off government spending) in the direction (mass cash off total expenditure) under the economic orientation is intended to be for capital spending on a leading role.

VI: The government faced a crisis in the financing of contracts with electricity companies (GE and Siemens), which is supposed to add production capacity is estimated at (10200 megawatts) and a time when the public budget deficit "the Government has requested financing of such contracts through the issuance of government bonds The Central Bank will keep or marketing and acceptance of components within the legal reserve imposed on commercial banks, did not respond to the central bank to lend to the government of (2 billion $), note that the power front and rear links with all sectors of the economy and would be able to reduce production costs in all activities so as to make output a competitor to a large extent revolve the wheel of the demand for production and to expand employment and absorbs a significant part of unemployment and increasing access to distributed production elements and a powerful wave sweeping the country of recovery, but that the central bank as usual, preferring to preserve the foreign Ahtath - Is Alfrsip Compare the cost of the options on the Iraqi economy prior to the rejection - on the grounds that his responsibility is at stability in the currency exchange rate, Tjaja Bakannouna rigid in the independence of the Monetary Authority and isolate itself from development efforts may be that the stability of the day (long term) the ability to restore confidence in the Iraqi economy Vthrol him of capital for reconstruction, and this home imbalances in the monetary policy, we have to adjust the law of the Central Bank of swimmer with the nature of our economy, because the monetary stability at the level of underdevelopment, extreme poverty and destroyed infrastructure and high costs will not lead to the development in the medium term and even long term, while development is a strong payments and a large dose injection of funding will be able to find monetary stability in a shorter time.

VII: Take the Central Bank in the second half of 2009 steps in the right direction - the pressure exerted by the school where other economic role - leading to reduced tightening in monetary policy and wish to take greater strides in this direction, especially regarding the closure of investment outlets which were open to a friendly against commercial banks and specialized governmental and civil and lower interest rates, allowing banks to pay to the practice of lending more affordable and increase the money intended for lending by reducing the legal reserve ratio now 20% of the amount as well as measures to facilitate the prescription and borrow from a lender of last resort. Especially the private banks that have a greater ability to manage (credit risk) and to give assurances on the grounds that lending takes place between (banks and the civil sector, Ahli) away from the government that they always feel that the borrowers (bulk of their money and deception is permissible), what if the central bank lent (2 billion), $ of the reserve to the banks without interest, I suppose it lent to productive sectors according to a real neat controls, the economy will spin the wheel and come out of deflation, then the dollar will be spent in the field of a sound investment (more than double the guide does not remain sterile), then the benefits of becoming a semi-liquid assets (secured) and differences in currency speculation Alajnip derived by the central bank is not of importance and here we believe that the cost Alfrsip to keep large reserves were too high for awhile.

http://www.alsabaah.com/paper.php?so...page&sid=98047

Iraq has paid the cost of oil companies in Kurdistan Region

Oil Minister Hussain al-Shahristani said on Monday that the federal government may eventually pay the costs of exploration and extraction of oil companies working in Kurdistan without profit.

Shahristani told a t.elevision channel that Iraq will not pay any dividends for companies to consider the matter, but the amounts spent by these companies on the business carried out.

He added that he still has reservations about the contracts signed by the Kurdistan Regional Government with the oil companies and special items for production sharing agreements, but that will not stand in the way for the resumption of oil exports from the region soon.

The argument broke out between Kurdistan and Baghdad for months on the oil deals signed by the province independently with foreign companies in a move considered by the central government in Baghdad is not legal.

Rejects the Arab-led government in Baghdad to pay dues to companies and stopped exports from Kurdistan last year.

Al-Shahristani said in recent days that he will soon resume exports of oil from the fields of Kurdistan.

He said Iraq's oil minister said on Monday that exports will come from the first Tawke field operated by two companies de. That. Or Norwegian, Turkish Energy Genl.

Was de. That. Or the first foreign company conducts exploration for oil in Iraq following the U.S. invasion in 2003.

It was the resumption of exports from the fields Tauki Taqtaq Taq petroleum last year, a breakthrough did not last long between the Kurdish and Baghdad, but was discontinued when the Iraqi government refused to pay dues to DVD. That. Or other companies.

The both parties in recent weeks approached the other party to end this impasse.

Baghdad and strengthened its position through a series of agreements to develop oil fields outside the semi-autonomous Kurdistan region, which could turn Iraq into one of the three largest producers of crude oil in the world.

http://www.darabeen.com/index.asp?fn...06:23:13%20%E3

Open for business
Doors of opportunity have been flung open on Iraq's collossal upstream developments.

Iraq Today

Iraq has abundant human and natural resources: a population of 30 million, the world's third-largest oil reserves, considerable gas reserves, and ample water resources. It attained the status of a middle-income country in the 1970s, developing good infrastructure and well-performing education and healthcare systems. However, over the past 25 years, dictatorship, wars, and international sanctions have undermined the country's institutions and crippled its economy.

The oil sector still dominates Iraq's economy, accounting for two-thirds of GDP and over 98 percent of exports and government's own revenues. Between 2004 and end 2007, oil production averaged at about 2 million barrels per day (mbpd), below government targets and below the pre-2003 levels. Oil production and export volumes have picked up as well during 2008, reaching record highs since 2004 of 2.4 mbpd and 1.9 mbpd respectively. This is mostly due to the recent security gains in Iraq.

Iraq has also undergone rapid political transition. A constitution was approved through public referendum in October 2005, followed by parliamentary elections in December 2005, and a constitutional government was appointed in May 2006. The current government - in power since 2006 - has moved to get key reforms back on track, and is working flat out to encourage much needed foreign direct investment.

The highly insecure environment of the years 2005 - 2008, and the transitional nature of Iraq as a state and an economy have impeded reconstruction efforts, and the delivery of basic services. Iraq's abundant hydrocarbon and human resource base could be the engine for a remarkable economic diversification and revival if conditions in Iraq are conducive.

Opportunity knocks

Although the first field development bid round was widely reported as a failure, the allocation of the super giant Rumalia Field, west of Basra was in itself a massive achievement. The Iraq Oil Ministry's award to BP and CNPC is of genuine global significance, and could see the Rumaila super-giant oil field become the second highest producer in the world, after the Ghawar field in Saudi Arabia.

"BP and CNPC have targeted a production plateau of 2.85 million barrels per day (mmb/d) over the next six years - a level of growth from a single field which is almost unparalleled in the history of the oil industry," says Colin Lothian, Middle East upstream research analyst for Wood Mackenzie.

Indeed, the largest fields, including West Qurna 2 (12.9 billion barrels), and Majnoon (12.58 billion barrels) have been awarded. If output targets from these two fields are achieved, they alone will bring an extra 2.6 million barrels of oil each day to the surface.

The BP led partnership on Rumalia is expected to invest over $20 billion alone over the course of its contract. If other supermajors are to achieve their production targets (the ramping up of production will be prolific over the coming three years), then foreign direct investment in the upstream business alone is likely to see that figure balloon by a factor of ten.

However, much work beyond upstream field development must also be factored in if the oil produced can successfully find its way to market, according to Samuel Ciszuk, IHS Global Insight's Energy Analyst for the Middle East and North Africa.

"Iraq has a huge problem with infrastructure bottlenecks. The pipeline system in Iraq is a shambles. In some places dilapidated, in other completely destroyed. On top of that the export facilities are in a bad state, and simply do not have the extra capacity to handle the millions of extra barrels of oil each day that the country has targeted for production in a relatively short timeframe," he says.

The Iraqi Oil Ministry has demanded, as part of the contract agreements that work progresses quickly. "Large incremental increases in output, initially from the southern fields such as Rumalia, West Qurna 1 will come within the next 36 months. Getting that extra oil to market is a massive challenge. If they are to come close we would need to see pipeline and terminal improvement contracts awarded this year," observes Ciszuk.

On top of the physical export infrastructure work, many millions, possibly billions of dollars will also need to be spent on basic civil infrastructures such as housing, roads and power and water projects to support the hoards of workers needed to facilitate these massive projects.

The current planned investment figure is sufficient to dwarf what else will be going on throughout the region for the next ten years. However, the work outlined above may be just the tip of the iceberg for EPC firms and oilfield service providers. Much of the outlay we can safely expect in the coming decade is based on Iraq's estimated oil reserves today - but these may prove far short of the real resource wealth that is in place.

"Exploration is Iraq hasn't really been going on in any meaningful way for the last 30 years. Deeper horizons haven't been investigated," says Ciszuk. Indeed, where supermajors have done work in Kuwait (where geophysical similarities are high), it has been proved there is a huge potential for even greater reserves in deeper terrain. "The general feeling is one of optimism regarding the fields being greater rather than smaller then currently thought," he adds.

http://www.arabianbusiness.com/581234-open-for-business

Ground support
Logistics and manpower services are a top priority for oilfield service companies.

FIAFI Group has been operating in Iraq since 2004 when it was initially involved in logistics, security, maintenance and training. On the back of increased demand from customers, the company has expanded its service offering to include construction and life support.

The company is offering solutions across environmental, pipeline and manpower services. Upstream customers are looking for integrated infrastructure solutions to support their entry into Iraq, explains Ragdan El-Akabi, CEO, FIAFI Group.

How are you placed to handle the expected influx of oil related business in Iraq?

I believe there will be a significant increase in demand for our services from the upstream oil sector and my company has been ramping up its operations during the last year to increase our operational capacity.

This included a period of re-investment to expand our logistics fleet. We have undertaken large-scale infrastructure services programs within tight mobilisation timeframes to date and so I feel that our preparation and experience puts us in a position of strength.

Which sectors have dominated your workload so far?

Our logistics and camp services have to date been dominated by providing support on US Military contracts and the various contractors operating in Iraq.

However, this is now geared to move towards supporting the oil and gas sector, although it has to be said there are huge construction contracts pending outside the upstream sector that will also require very similar services.

What housing is suitable for remote oilfield sites?

The preferred choice of housing for our clients is usually prefab units which come in flat packs and are erected on site. In areas where security is an issue, some clients prefer containers which are converted into living accommodation, the steel structure offer more durability. We have also erected large dining facilities from prefab housing.

What role do you play once a site is built?

Naturally, building the camp is just the beginning. What counts after that is the life support services coupled with operations and maintenance. This ranges from catering and laundry through to power, water and sewage. Our life support department has a history of life support services sometimes in remote locations in Iraq.

Upstream projects frequently require heavy lift equipment for its projects. How does this work in Iraq?

We do have the capability to deal with outsize cargo and heavy lift operations. FIAFI Group is ever increasing its capabilities and what we do not currently have, we either source locally for the purpose of the task at hand or purchase and import specifically to cover any capability shortfalls.

Availability of specialist equipment is dependant upon supply and demand in the market at any given time, but it is possible to cover most requirements. We also provide cross border logistics and full customs clearing solutions, though problems in that regards are less common today.

Do remote sites cause additional security concerns?

Remote sites need not cause additional security concerns as much depends on where in Iraq it is located and the measures taken to protect the site. Effective management and a sympathetic approach to the local population can pay dividends with the micro security situation surrounding the site.

Engaging with the local people and providing employment brings untold rewards. Hearts and minds are the way forward - everyone needs to be able to provide for their families.

http://www.arabianbusiness.com/581249-ground-support