Thread: HCL is with parliament.

Originally Posted by stargate-sg13

Does this help?

Iraq Oil, Gas, Petrochemical & Electricity Summit

I pulled this off the site above. It came from the latest press release.
Don't know if they just haven't updated it yet or what? New Dates Confirmed for Iraq Oil, Gas, Petrochemical & Electricity Summit following Government Consultation

Following in-depth consultation with the Unity Government of Iraq, the Iraq Oil, Gas, Petrochemical & Electricity Summit will now be taking place in Amman, Jordan on 28-30 May 2007.

The summit will welcome representation from the Iraqi Ministries of Oil, Industry & Minerals and Electricity, as well as the Iraq Energy Council, Investment Promotion Agency and the Kurdistan Regional Government (KRG) Ministry for Natural Resources. It will also host many of the state operating companies operating under the Iraqi Ministry of Oil and senior representatives of the Iraq Reconstruction Management Office (IRMO).

For the most important sectors of the Iraqi economy, this historic landmark event will be the first of its kind since the formation of Iraq's Unity Government, with these key decision makers participating with the full intent of establishing relationships and entering into contractual negotiations with all international operators wishing to be part of both the upstream and downstream sectors.

For more information on registering to attend the summit, please visit the official summit webpage

Originally Posted by Hummerman

I pulled this off the site above. It came from the latest press release.
Don't know if they just haven't updated it yet or what? New Dates Confirmed for Iraq Oil, Gas, Petrochemical & Electricity Summit following Government Consultation

Following in-depth consultation with the Unity Government of Iraq, the Iraq Oil, Gas, Petrochemical & Electricity Summit will now be taking place in Amman, Jordan on 28-30 May 2007.

The summit will welcome representation from the Iraqi Ministries of Oil, Industry & Minerals and Electricity, as well as the Iraq Energy Council, Investment Promotion Agency and the Kurdistan Regional Government (KRG) Ministry for Natural Resources. It will also host many of the state operating companies operating under the Iraqi Ministry of Oil and senior representatives of the Iraq Reconstruction Management Office (IRMO).

For the most important sectors of the Iraqi economy, this historic landmark event will be the first of its kind since the formation of Iraq's Unity Government, with these key decision makers participating with the full intent of establishing relationships and entering into contractual negotiations with all international operators wishing to be part of both the upstream and downstream sectors.

For more information on registering to attend the summit, please visit the official summit webpage

This site is reporting two different dates.
I'm confused.

Welcome to crazyville! That's Iraq's news system, it's all smoke & mirrors!

Originally Posted by Hummerman

I pulled this off the site above. It came from the latest press release.
Don't know if they just haven't updated it yet or what? New Dates Confirmed for Iraq Oil, Gas, Petrochemical & Electricity Summit following Government Consultation

Following in-depth consultation with the Unity Government of Iraq, the Iraq Oil, Gas, Petrochemical & Electricity Summit will now be taking place in Amman, Jordan on 28-30 May 2007.

The summit will welcome representation from the Iraqi Ministries of Oil, Industry & Minerals and Electricity, as well as the Iraq Energy Council, Investment Promotion Agency and the Kurdistan Regional Government (KRG) Ministry for Natural Resources. It will also host many of the state operating companies operating under the Iraqi Ministry of Oil and senior representatives of the Iraq Reconstruction Management Office (IRMO).

For the most important sectors of the Iraqi economy, this historic landmark event will be the first of its kind since the formation of Iraq's Unity Government, with these key decision makers participating with the full intent of establishing relationships and entering into contractual negotiations with all international operators wishing to be part of both the upstream and downstream sectors.

For more information on registering to attend the summit, please visit the official summit webpage

I like what this is saying. My understanding is that the summit is now on May 28-30. Also the other article said they will be discussing the new oil laws (sounding like theve been passed).

encouraging to say the least, it was set for Sept., they moved it up to May to coincide with everything else happening. good news, i say we are still on track, ladies and gentlemen.

Originally Posted by deepfreeze

encouraging to say the least, it was set for Sept., they moved it up to May to coincide with everything else happening. good news, i say we are still on track, ladies and gentlemen.

no
check the date. Iraq Development Program - IOGP&E Summit confirmed to take place in Dubai, UAE on 28-30 May 2007

that is the one that you found on the site, the date is april 24, 07.

Please forgive me if I'm being stupid but when I go to the site it says that the conference is rescheduled till September and when I go to the press releases, the newest one is: (april 24th)

Iraq Oil, Gas, Petrochemical & Electricity Summit confirmed to take place in Dubai, UAE on 28-30 May 2007 (24/04/07)
Iraq Development Program - IOGP&E Summit confirmed to take place in Dubai, UAE on 28-30 May 2007

WHAT I'M I MISSING????

AS I do remember the the Jordan setting was the original site for the oil conference that was postponed from April 19th...it was rescheduled first to 27-28th of May and then switched to Dubai. This September Conference was reported as being organized in London by some English Company (reported in the Think Tank)...then yesterday, when the guys at USAID blinked...they switched the May conference to the September date..

Do you think that the conflicting dates could be some form of misdirection. It wouldn't be the first time a news article was wrong. Or could the new oil law be passed, the RV anounced, and the powers that be for big oil to meet in September.

Or does this mean another 3 month delay? What do you think Neno?

JUST FROM WHAT I KNOW...

The oil law was written with a built-in escape clause by the government and that was passed by the PM's Cabinet clearly stated that if the Parliament fails to act on the passage of this bill by 30 May 2007 that it will fall upon the duty of the Oil Minister in cooperation with the PM to go ahead and sign waiting oil contracts on behalf of the Iraqi People...

SO, on this level...Oil Law or not, the Oil Minister and PM can and do have a right to proceed with signing any oil contract that they deem in the benefit of the people.

This always downplayed the actual logistics of the oil law's actual passage.

BUT, Here is where it is critical to pass

First
It was an IMF/WTO/US Government Benchmark thus (MAYBE) the TRIGGER for RV (MAYBE NOT).

SECOND
The oil companies will not begin work in country other than entry exploration or entry logistics without the law as they need to protect their multi-hundred of million dollar investments by the rule of law.

Otherwise, they could end of losing their whole investment if the government decided to later pass a law that included nationalization.

Also, the oil companies need in writting who gets what and who gets paid what and how we work the paperwork from the field to market.

Without that,

they would have no international legal status in a future claim against Iraq as they had no binding contract - as remember that the Oil Minister said that any Oil contract signed before the new HCL (or other than signed by the Oil Minister/PM but only after 30 MAY 2007) would be illegal.

WHAT DOES THIS MEAN?

The Oil Conference while important (as it was to be the sceen of oil contracts starting to be signed) is not critical to Iraq nor to the RV.

IMHO...

The passage of the combination of the restoring the civil rights to the Sunnis (important as an actual trigger for implementing debt relief from the Saudis and Eygptians and Gulf States) and the passage of the HCL ARE CRITICAL as they were speficially noted as the benchmarks that the IMF/World Bank/US Government had set.

Remember oil deals can be signed anywhere or can be done electronically...by means of the Internet if nothing else. These can be done at any time also. There is no need nor desire to wait till the September Conference.

THUS,

The cancelation of the conference has only a PR Effect on the continued instablity of Iraq...will not. It can not effect any planned RV.

THIS JUST DAWNED ON ME...

The Oil Conference was created by the USAID, sponsored and populated by large American Oil Companies (Standard Oil among others) that have close ties to George Bush's Government (VP/GWB in general and Condi Rice with Standard Oil - as she was at one time on their Board of Directors)...

This fully means to the Iraqi People and in many parts of the world this played out as a totally American event...

Please remember that the Iraqi Government goes to great length to prove and show that they are independent of the direct power of the USA.

It does not, given this factor, seem a far stretch to say that this was done on purpose to show the world and, more importantly to show the Iraqi People, that this Government is it's own master and not the lap dog of American Interests.

Again, as the actual conference had NO serious value to the Iraqis other than a chance to get oil contracts flowing and which they can then do on their own announcement at any time of their own choosing; they had nothing to lose and everything to gain by making the USAID and Oil People Blink.