Thread: Archive News - Iraqi Dinar Think Tank - 06/10/2010 - 24/01/2011

The Iraqi List, reveals a new meeting between Allawi and Maliki

Revealed the Iraqi List, Monday, about a new leader will bring together existing Iyad Allawi, Prime Minister Nuri al-Maliki to resolve all the problems regarding the naming of the rest of the cabinet.

A member of Iraq's Shaker Book of the Kurdish news agency that it was scheduled to meet with Iyad Allawi, Prime Minister Nuri al-Maliki soon to discuss the outstanding issues, and the designation of the rest of the cabinet and in particular that recent meetings between the two has resulted in a lot of positives, he said.

He added that the recurrence of such meetings between Allawi and Maliki would be in favor of political stability, and push the political process and the work of government of national partnership

http://radionawa.com/ar/NewsDetailN....980&LinkID=158

Iraq says to sign deal this month for Akkas gas field

Iraq’s government expects to sign an agreement later this month with two foreign companies seeking to develop the country’s Akkas natural-gas field, Abdul-Mahdy Al Ameedi, an oil ministry official, said.

The ministry had planned to sign an agreement for Akkas on November 14 with Korea Gas Corp, known as Kogas, and KazMunaiGaz National Co., Kazakhstan’s state fuel producer. Authorities in Al Anbar province, where the field is located, had been concerned that all of the gas from Akkas would be exported and had worried they might not benefit from it, Iraqi Oil Minister Abdul Kareem Al Luaibi told a news conference in Baghdad today.

“There are no more problems with al-Anbar province,” the minister said.

Akkas is the largest of three fields for which the government awarded development licenses in October. An agreement for the field will be signed in January, Al Ameedi, deputy director general at the ministry’s Petroleum Contracts and Licensing Directorate, told the news conference.

Iraq holds the world’s fifth-largest crude reserves and is seeking foreign investment to help it increase production of gas as well as oil. The country needs money from energy exports to rebuild after years of conflict and economic sanctions, and its output has suffered from inadequate spending and insurgent attacks.

Oil output has hovered at around 2.4 million barrels a day since the 2003 US-led invasion that ousted the regime of President Saddam Hussein. The government has awarded 12 licenses for oil developments and three for gas since then.

Kogas and KazMunaiGaz have agreed to produce 400 million standard cubic feet of gas a day at Akkas, at a price of $5.50 for every barrel of oil equivalent produced

http://www.arabianbusiness.com/iraq-...d--370802.html

Jordan's request to extend the contract to provide him with Iraqi crude oil and increase to 30 thousand barrels per day

Asked the Jordanian government of their Iraqi counterparts to extend the contract under which the Kingdom to receive crude oil from Iraq and increase the supply of 10 thousand barrels per day to 30 thousand

The Jordan News Agency Petra Tuesday, it came when visiting Jordanian Prime Minister Samir Rifai in Baghdad on Monday, noting that the Iraqi side promised to study the request.

Iraq provides Jordan with crude oil a substantial discount of $ 18 a barrel for Brent crude downloading the specified date. The two sides reached in 2006 to a three-year agreement was renewed for another three years in 2008, when Nuri al-Maliki's visit to Amman.

The Iraqi government spokesman Ali al-Dabbagh, had said yesterday that the two countries also agreed in principle to the establishment of a pipeline to transport Iraqi crude oil to Jordan's Zarqa refinery.

The Jordanian Prime Minister has on a quick visit to Baghdad at the head of a large official delegation during which he met Prime Minister Nuri al-Maliki and other Iraqi government officials.

http://www.ipairaq.com/index.php?nam...onomy&id=34201

Hussein: Kurds have right to demand security position

Head of Kurdistan Presidency office Foad Hussein announced that Kurds’ demand to fill a security position in the new government is a legitimate right.

Iraqi parties in Iraq agree on the necessity to allocate Interior, Defense and National Security ministries to independent figures, Hussein said.

Kurds have the right to demand a security position when Al Iraqiya and National Alliance start negotiating over ministerial positions, he added.

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

Audit: $ 9 billion of Iraq's revenues received by the Pentagon after 2003

Office of Financial Supervision said that Iraqi and U.S. Department of Defense (Pentagon) did not provide explanations about the disbursement of funds received by the Iraqi after 2003.

A source in the Information Office of the Office of Financial Supervision in a statement the Ministry said that the Chief of Staff Abdul Basit Turki received a letter from Assistant U.S. Secretary of Defense (Controller) on the Iraqi funds received by the authorities of America and having apologized to the ministry twice about sending their representatives to attend a meeting of the International Advisory and Monitoring At the request of the Iraqi side.

The source said the letter did not provide clear about how payment of these amounts, which are tentatively estimated at approximately $ 9.1 billion, indicating that the BSA is still pursuing for more than five years to answer about how they were spending money returning to Iraq since 22 / 5 / 2003.

http://radionawa.com/Ar/NewsDetailN....063&LinkID=155

Ambassador: Iran supports Iraq new government

Iranian Ambassador to Iraq Hassan Danaei-Far believes the present Iraqi government outdoes previous governments as it is operating in better circumstances.

Iran’s government endorses the present government in Iraq, Far said. Al Maliki’s previous government was focused on ascertaining security stability in the country, he told Alsumaria News.

Iran has offered and will continue to offer all capacities possible and expertise to help the country ascertain its security, the Iranian Ambassador noted.

Iranian support is not restricted to the political and security level, but extends as well to the economic level, he said.

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

The Blue: Kurdistan will not accept the control of Baghdad on oil contracts

Stressed Advisor, Ministry of Natural Resources Kurdistan Regional Government that the Federal Government does not want to have any authority over the territory and its oil contracts concluded with foreign companies, describing this matter is unacceptable.

The Blue stating that the governments of the region and agreed to the Federal Audit Office of Financial Supervision of all Iraqi oil contracts concluded by the region with foreign companies, but that Baghdad would not be content with that, as he put it.

He continued by saying that Blu Iraqi government does not want to have any of the Kurdistan region authority over its oil, but want to be with her all the authorities, but no doubt that the KRG will not accept this in any way.

http://radionawa.com/Ar/NewsDetailN....103&LinkID=155

The central bank denies issuing currency class 100 thousand dinars

Iraqi Central Bank denied its intention to issue paper currency that 100-thousand Iraqi dinars.

And stressed the adviser to the CBI for appearance in a press statement that the issuance of paper currency 100-thousand Iraqi dinars, not from Bank programs, denied the news which appeared in the media and Iraqi newspapers on this subject.

On the other hand, it was considered an economist Muhammad al-Samarrai that the issuance of currency greater value will be an important factor, especially in banks and dealers mass cash of companies and traders, and even citizens, pointing out that the correct decision and the Iraqi economy is needed for some time.

Samarrai said that the Iraqi economy witnessed the issuance of new currency after 2003, and became a need to reduce the vast amount of paper currency issued during the recent years. It is noteworthy that the Iraqi currency has seen inflation significantly after the first Gulf War in 1991, and the deterioration of the Iraqi dinar exchange rate for up to three thousand dinars per U.S. dollar.

http://www.ipairaq.com/index.php?nam...onomy&id=34236

Announcement of the discovery of large quantities of oil in Kurdistan

Gulf Keystone announced, Wednesday, the discovery of large quantities of oil in the region which was granted prospecting license in the Kurdistan region and at a depth of less than previous large discoveries.

Gulf Keystone has estimated it had discovered 220 million barrels of potential oil reserves in the well was drilled to test the layers of chalk near Beer Shikan huge discovered at depths greater in 2009.

A statement issued by the company's director of operations John Jerstnlaor Cretaceous resources that have been appreciated the well Sheikhan -3 in all major standards. Represent a huge oil resources of Kurdistan and Iraq.

The company said that there may be 2.2 billion barrels of oil in the layers at depths of less Sheikhan according to scale up the potential - ie the oil extraction rate of ten percent confirmed.

The Gulf Keystone, which owns 75 percent of the franchise he would transform the well to produce oil from deeper geological layers while the plan is being prepared for the development of resources located at a depth of less.

http://www.ipairaq.com/index.php?nam...onomy&id=34233

Kurdish foreign oil contracts issue remains unresolved

An Iraqi Ministry of Oil spokesman said on Monday that the federal issue of oil contracts between the Kurdistan Regional Government (KRG) and foreign oil companies has not yet been resolved; noting that this issue will be submitted to the Iraqi parliament for discussion.

Baghdad had previously maintained that the oil contracts with foreign companies signed by the KRG from 2009 were illegal as they were made without consulting the relevant federal government authorities.

The contentious dispute between the regional and federal powers has been going on for the past four years without any concessions being made by either side.

In their role as Kingmaker after an eight month political deadlock in Iraq, the Kurdistan Blocs Coalition (KBC) demanded that the oil contract issue be resolved by the future government in order to assure their allegiance to it.

Iraqi Oil Ministry spokesman Asse Jihad, acknowledged to AKnews on Monday that the issue poses a threat to relations between the federal government and the KRG.

Jihad said if the ongoing discussions between the two parties don't arrive at a mutually acceptable solution, then the issue will be dealt with by the Iraqi parliament.

Advisor to the KRG's Ministry of Natural Resources Ali Blu, accused the Iraqi government yesterday of wanting to strip the KRG of all authority over Kurdistan's oil resources.

The KRG began exporting oil in 2009 from two of the region's oil fields, Tac Tac and Tawki which produce a combined 100,000 barrels of oil per day.

After four months the exportation was stopped by the federal government which demanded that a percentage of the proceeds should be paid to Baghdad.

More recently the newly appointed Iraqi Oil Minister Abdul Karim Lu'aibi said that the Iraqi government was ready to approve the contracts signed between the KRG and foreign investors.


According to Jihad, the issue between the KRG and Baghdad will be resolved by the drafting of oil and gas laws in the Iraqi parliament that regulate the relationship between federal and regional authorities regarding the exploitation of their natural resources.

http://www.zawya.com/Story.cfm/sidZA...s%20unresolved