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

Jaber Khalifa Jaber: Adoption of the law of oil and gas and oil legislation package of laws of the priorities of the next parliament

MP Jaber Khalifa Jaber that the priorities of the next parliament's ratification of the oil and gas and oil legislation package of four laws that it contains. Describing the failure of the current parliament interested unfortunate and caused economic losses.

Jaber said, told the independent press (Iba) that an agreement between central government and Kurdistan Regional Government to act freely to the mineral wealth in the event of a failure to approve oil and gas law after May 2007 was the cause of Parliament forced to migrate to the law, and this led to chaos in the conclusion of contracts.

He added that the laws relating to oil as a oil and gas law and the draft national oil company formation and distribution of financial resources and restructuring the Oil Ministry to develop a mechanism for fair distribution of financial resources between the regions and governorates. Indicating that the state can not act in accordance with the framework surface with important economic laws.

He expressed his regret Jaber authentication of the House of Representatives economic laws are less than expected and is on the agenda during the past years.

It should be noted that the Iraqi government announced the first draft of the law in February of 2007, but he has not been approved yet.

http://www.ipairaq.com/index.php?nam...onomy&id=22516

Omitting zeros currency strategic project – CBI

Omitting zeros from Iraqi currency is a strategic project that has been implemented by Iraqi currency policy since 2007, Central Bank of Iraq (CBI) said on Monday.

“The project came after deep studies and discussions,” the CBI said in a release received by Aswat al-Iraq news agency.

It said that the process aims at redesign and reform Iraqi currency system relying on public and security circumstances.

“The project will not affect the state’s commitments,” the statement said.

http://en.aswataliraq.info/?p=128562

U.S. commander: the bulk of the requirements of the withdrawal from Iraq have already been implemented

The commander of the First Corps of the U.S. Army Charles Jacoby, the process of withdrawal from Iraq is going according to plan it.

Jacoby said in a statement published by Al Hayat newspaper on Sunday and said the plan drawn up for the withdrawal of U.S. troops from Iraq is going according to the dates and time frames, denying reports of a possible delay of withdrawal, and noting that the number of U.S. troops will arrive in about 50 thousand soldiers in the solutions of August (August) next.

He pointed out that the bulk of the requirements of the withdrawal, is the closure of large bases and are available in various Iraqi cities have already been implemented, pointing out that large parts of equipment and logistical large quoted were taken out of these rules handed over to Iraqi authorities to be the headquarters of the army and police.

http://radionawa.com/ar/NewsDetailN....430&LinkID=151

Opec fears losing its grip as Iraqi oil output surges

Opec fears that its grip on the global supply of oil is being threatened by the rising output of Iraq’s oilfields and the prospect of billions of dollars of multinational investment in the world’s leading untapped oil resource.

Iraqi oil exports in February were at their highest for two decades, at an average of 2.08 million barrels per day, and the country plans to lift that to 2.15 million for the rest of the year.

According to the International Energy Agency, oil output from the country’s ageing infrastructure rose by 115,000 barrels per day to 2.54 million — the biggest single contributor last month to world oil supply growth.

Moreover, Iraq is starting to worry Opec, whose members meet on Wednesday in Vienna to review production quotas. The relatively peaceful conduct of the Iraqi election and the signing of a clutch of contracts with foreign multinational companies, including BP, Shell and ExxonMobil, raises the prospect of a surge in Iraqi oil output over the next few years.

Opec is expected to agree to maintain its official output at existing levels, but behind the scenes there is concern. Iraq has been suspended from the operation of Opec quotas since 2003 amid war and civil and political chaos, but the cartel now needs to bring its wayward child back into the fold.

“There is only one issue, but it’s a tsunami: Iraq,” Leo Drollas, of the Centre for Global Energy Studies, said. With enough investment, the country has the potential to double or even triple its production. “If [Iraq] enjoys a period of stability, it could have a major destabilising effect on Opec and the oil price.”

A continuing rise in Iraqi output, at a time when the IEA is predicting nil growth in demand from Western oil consumers, would not be welcomed by Opec members. The cartel believes that high oil prices are here to stay and many members, including the hawkish nations of Iran and Venezuela, need the present price of $70 to $80 per barrel to bolster flagging economies and social support systems.

http://business.timesonline.co.uk/to...cl***61764.ece

A tie between al-Maliki, Allawi in the last doses of election results

Results showed 79.32% of the count and screening of the general elections throughout Iraq announced by the Electoral Commission surprise special access list of former Prime Minister Iyad Allawi, an equal number of parliamentary seats with a coalition of outgoing Prime Minister Nuri al-Maliki's mandate, and notes that figures to get the lists of 87 seats in the next parliament each.

The figures available for counting and sorting across Iraq over to Allawi's list with nine thousand votes, a list of al-Maliki winning 2,102,981 votes to 2,093,997 for the owners, and his Iraqi National Coalition on 1,6 million votes, which entitle them to receive 67 seats, compared to 1,132 million for the Alliance Kurdistan, which qualifies him to fill the 38 seats.

The number of seats in parliament next 325 including 15 seats reserved for minorities and compensatory seats, which is outside the arena of competition, was allocated eight seats for minorities, including five of the Christians and one for each of the Sabean Mandaeans, Yezidis, and Shabak.

According to the results of the new al-Maliki remains first in the seven provinces, including Baghdad, Babil, Karbala, Najaf, Muthanna, Wasit and Basra, while the Alliance First National in three southern provinces, Maysan and Dhi Qar, Qadisiyah, at a time when Maliki has achieved very low results in the Sunni provinces, with Allawi was able to get a good number of seats in the Shia provinces as well as five issued in the Sunni provinces with very large differences in four of them, Anbar, Diyala, Salahuddin and Nineveh, with a draw in Kirkuk with the Kurdish Alliance in Kirkuk, after the cancellation of a number of stations voting in the south west of Kirkuk, Zhi-roots Allawi's list.

And stresses the complex proportional electoral system in Iraq should be a candidate in Baghdad on 35 thousand votes Khadda minimum, and 68 seats allocated to the province of Baghdad, as well as seats for Christians and Sabean Mandaeans, out of 325 in the next parliament.

Baghdad
The results of counting and counting in Baghdad for a list of al-Maliki in Baghdad on more of 663 thousand votes, while Allawi's list won 594 thousand to be resolved in the second place, while the National Coalition on less than 410 thousand votes to come third. The value of the seat in Baghdad, about 35500 votes.

Basra
In the province of Basra's third largest province in terms of the number of seats which have 24 seats in the next parliament, confirmed results for Maliki's coalition of more of 347 thousand votes counted with a rate of almost 86 percent of polling stations, with a solution II winning the National Coalition on less than 192 thousand, while the Iraqiya list got only 58 thousand.

For its part, the UNHCR official said Bayraktar hope during a press conference held at the premises of the UNHCR and attended by "Alsumaria News" on Tuesday that "the" proportion of sorting and counting in the whole of Iraq amounted to 79.23% ", stating that it" has been the completion of the polling stations counted 36951 out of 46640 people in the country, distributed to about ten thousand polling stations. "

The percentages in the provinces ranged between about 74 percent in Salahuddin and more than 89 percent in Wasit.

According to an UNHCR spokesman Qassim bonded during the conference that "The Commission will announce final results within the next few days, with special voting will result in two days, and the results of Iraqis vote abroad."

It is expected that these figures are added to the informal to the voices of about 640 thousand voters participated in the special ballot and about 227 thousand voters participated in the vote abroad.

An estimated 12 million Iraqis who had participated last Sunday of the seventh day on March, in the second parliamentary elections in the country since the adoption of the Constitution and the third of its kind after 2003, when voters across the open list to choose 325 members of the new cycle for the upcoming House of Representatives, which will last for four years to come.

http://www.alsumarianews.com/ar/1/42...0;ة.html

Iyad Allawi, to achieve a surprise to get an equal number of seats in parliament with a coalition of Nouri al-Maliki

Has a list of former Prime Minister Iyad Allawi, a big surprise Tuesday by obtaining an equal number of parliamentary seats with a coalition of Prime Minister Nuri al-Maliki, after a nearly 80 percent of the vote. According to the numbers of the Electoral Commission for elections to Maliki's coalition and Allawi's list would receive a 87 seats each out of 310 seats.

While the Iraqi National Coalition of Shiite parties, which includes about 67 seats, while the Kurdish Alliance won 38 seats.

The results were a big surprise
It was reported that the results achieved by the list of "Iraqi" headed by former Prime Minister Iyad Allawi was a great surprise and will be felt on the equations in Iraq by obtaining an equal number of parliamentary seats with a coalition of "state law" led by Prime Minister Nuri al-Maliki, after nearly 80 percent of the polling stations. Observers say that could explain these surprising results access Allawi, the proportion of votes of the Shiite higher than obtained by the al-Maliki to Sunnis.

The difference in the proportion of votes
Available figures indicate a difference of nine thousand votes between Allawi, who received a total of 2,102,981 votes to 2,093,997 for the owners, and less than 1,6 million for the Shi'ite Islamist coalition, and 1,132 million for the Kurdistan Alliance.

For his part, Allawi solve the first in the five provinces with very large differences in four of them are Anbar, Diyala, Salahuddin and Nineveh, but it is almost tied with the Alliance of Kurdistan in Kirkuk.

In turn, the UNHCR spokesman said the judge Qasim slave "will announce the final results within a few days," without specifying what. He added that the results of voting on the show in two days and the results of Iraqis vote abroad.

Has participated in the elections that took place last Sunday 6281 candidates, including 1801 women, divided into 12 and 74 grand coalition is a political entity.

These results are limited suffrage in Iraq, not counting any of the special voting for the military and the sick and prisoners, and Iraqis vote abroad.

Meetings continued
This was confirmed by leading the "coalition of the rule of law," Ali al-Adeeb of continuing to hold meetings with the "Kurdish Alliance" to discuss the formation of the next government

http://www.radiosawa.com/arabic_news.aspx?id=2201264

CBI dollar sales go down to $186 million

The Central Bank of Iraq’s (CBI) dollar sales dropped to $186.415 million in its daily auction on Wednesday, compared to $212.910 million in the previous session.

“The demand hit $10.800 million in cash, covered at an exchange rate of 1,183 Iraqi dinars per dollar, and $175.615 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 13 banks that participated in today’s session offered to sell dollars.

http://en.aswataliraq.info/?p=128690

Increasing banks’ capitals to ID250 billion to strengthen them

The decision to raise the capitals of special banks to 250 billion Iraqi dinars aims to strengthen them as the lack of capitals decreases the financing capability for the real development purposes, the Central Bank of Iraq’s advisor said on Wednesday.

“Banks in general do not have a role in the investment field despite they enjoy a liquidity percentage which reaches more than 60% and we can not pressure banks in this critical situation as the decision will make banks stronger and with more capitals, which will increase their capabilities in lending,” Mathhar Mohammad Saleh told Aswat al-Iraq news agency.

“The decision will contribute in increasing the financial resources to serve the economic development in the country as most of the Iraqi banks’ capitals do not exceed $50 million, which can’t do anything regarding the development projects,” he explained.

http://en.aswataliraq.info/?p=128684

Shahristani: OPEC will supply the market with what it needs

He said Iraqi Oil Minister Hussain al-Shahristani said on Tuesday that OPEC will provide the market with what is necessary to supplies ...

Iraq is the only country among the twelve members of OPEC, which do not adhere to output targets set by the Organization.

Members agreed the eleven others in December, in December 2008 to cut production by 4.2 million barrels per day to 24.84 million barrels per day.
Since then, encouraged by high prices and demand for income-hungry members to increase supply

http://www.oil.iraqiamedia.com/index...atest&Itemid=1

Saddam Hussein's rule to convene an emergency session of parliament to discuss the implications of the election crisis

Independent deputy Hussein al-Falluji Presidency of the Council of Representatives to hold an emergency meeting to discuss the implications of the election crisis, and is handled all political entities on the occurrence of violations and fraud in it.

Falluji, in contact with the agency and the independent press (Iba) that the Electoral Commission an offshoot of the House of Representatives, and operate under its supervision, it is true that now operate with the Council's scrutiny.

Asked Falluji from the Presidency of the Council of Representatives and the political blocs have to pay full attention to this call, and deal with it seriously in order to spare Iraq a major crisis may occur in light of the current fallout.

He noted that the meeting now with the participation of various blocs Alsesayp possible to contribute to resolving the crises that may be produced by stifling the election after the final results.

Falluji confirmed that a claim for the expiration of the current parliament is "untrue and inaccurate" both legal and constitutional.

He explained that the legal principle stresses the continuity of the current work of state institutions, and all of its obligations until the emergence of new institutions.

He said according to this principle, the House remains in session until the announcement of the new Council and to reconvene.

The parliamentary elections in Iraq has entered a new turn after the announcement of the election commission of 79% of the results of counting and sorting, which showed a rapprochement between Iraq and a coalition of state law, amid accusations bandied among all the political blocs of electoral fraud and irregularities have occurred in it.

http://www.ipairaq.com/index.php?nam...itics&id=22626