Thread: Iraqi/Dinar News before 3-12-2007 7:45PM CentralTimeZone

Originally Posted by stargate-sg13

I can't wait to hear what comes out of this conference.

this is the 'stability with, and in, the area' part that is a stipulation of the imf, what the ici is working at achieving, tying the security situation up with a somewhat bow of sorts. very important milestone in the area for sure.
one more step closer to our goal!!!

Originally Posted by CharmedPiper

I THINK WE HAVE OUR HCL FOLKS! IS THIS IT!

A draft bill of oil and gas

(Voice of Iraq) - 08-03-2007
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The Council of Ministers
Committee on Oil and Energy

The Republic of Iraq

A draft bill of oil and gas


No. of 2007

February 15, 2007
Contents

Chapter / article
Title
Page

Reasons

Introduction

Chapter I : basic conditions
Article 1
Property sources of oil

Article 2
Scope of application

Article 3
End

Article 4
Definitions

Chapter II : Department sources oil

Article 5
The powers of the authorities

Article 6
The establishment of the Iraqi National Oil Company

Article 7
The reorganization of the Ministry of Oil

Article 8
Rehabilitation and development of oil and gas fields

Article 9
Licensing

Article 10
The mechanisms for negotiation and contracting

Article 11
Oil imports

Article 12
State participation

Chapter III : exploration and development activity fields

Article 13
The contract for exploration and production

Article 14
The obligations of the owners of exploration and production licenses

Article 15
Building efficiency and local content

Article 16
Standardization

Article 17
Conservation

Article 18
Free access to pipelines

Article 19
Data ownership

Article 20
Restrictions on production levels

Chapter IV : Transportation

Article 21
Main pipelines


Article 22
The rights and obligations of the pipeline


Chapter V : gas


Article 23
The exploitation of gas


Article 24
The gas attendant


Article 25
Burning gas


Article 26
Non-associated gas


Chapter VI : organizational matters


Article 27
Regulations oil operations


Article 28
Use and use of the land and the rights of passage


Article 29
Free access to the areas under the jurisdiction of maritime


Article 30
Inspection


Article 31
Environmental protection and safety


Article 32
Transfer of ownership and the end of instruction


Chapter VII : financial system


Article 33
Taxes


Article 34
Rents


Article 35
Bookkeeping


Chapter VIII : miscellaneous items


Article 36
Transparency

Rule 37
The application of anti-corruption laws

Article 38
Bring competitive year

Rule 39
Conflict resolution

Article 40
Existing contracts

Article 41
Amendments to the administrative border

Article 42
The relationship with the existing legislation
Article 43
Force


Supplement No.-1
The fields currently producing "assigned to the Iraqi National Oil Company


Supplement No.-2
The fields already discovered - developed given the Iraqi National Oil Company

Supplement No.-3
- Discovered fields developed outside of the Iraqi National Oil Company


Supplement No.-4
Exploratory areas

Reasons

Since the Republic of Iraq entered a new phase after the adoption of the Constitution in 2005.

Since that article 111 of the Constitution referred to states that oil and gas is the property of all the Iraqi people in all provincial and district.

Since the articles 110, 112, 114 and 115 and who read in the light of article 111 was generally known as the responsibilities and powers federal authorities and the regional authorities and provinces including with regard to the petroleum sector.

Since the Republic of Iraq Talented rich sources of oil and gas, and part "great discoverer of them already and ready for development while additional sources of oil yet to be discovered.

Since the Iraqi production capacity during the past decades, low compared to a rich source of oil and gas in Iraq.

As the Iraqi people finds itself at a crossroads to the future of a new and more prosperous, which requires funding for the rapid reconstruction projects reconstruction and modernization.

Since the proceeds of oil and gas are the most important pillars of the development of the country in general and the Iraqi economy, in particular on the foundations sustained and coordinated manner and wholesome scheme that takes into account the objectives of the Constitution, including the unity of Iraq, and the nature of natural sources of oil depletion, and the need to preserve the environment.

In order to enable the Ministry of Petroleum to focus on its role as president for policy development, planning and supervision at the same while many of the modernization needed to improve operational efficiency, it should be distributed actors oil currently undertaken by the Ministry of Oil and bodies between commercial entities and technical major oil companies, including Iraqi national and independent business, and giving a role for the regions and governorates productive.

Since the modernization and Alttwiraladhavi to the oil industry will boost the participation of international and local investors have skills and the administrative and technical drawing, in addition the sources of capital to actively assist and modernization of national experience and effectiveness in the oil sector.

Since the national private sector and linked directly or indirectly to the oil sector needs support and encouragement in order to be able to playing a prominent role in the development of this sector.

And as the positive interaction between regional authorities and federal regulations require legislation to appropriate institutional frameworks to ensure effective coordination.

Since the entry of actors-international and local-variety in the development of the oil sector requires clear legislation, according to background the conditions and frameworks ready to work to ensure effective partnership between the Iraqi authorities and the concerned parties as well as among themselves.

Since the development of the oil sector must be consistent and coordinated closely with the development community and the national economy has maintained the continuity of development the economy, the environment and reduce long-term dependence on imports of oil and gas.

Since the conditions for the organization of the oil sector of great importance to all of the Iraqi people as is the case for investors in this sector , there was a need for a fair, clear and transparent and effective guarantee for all participants in the petroleum sector effective participation cooperation, including the governmental bodies at the federal and regional levels and the oil-producing provinces in addition to the actors on the level local and international.

For that initiated this law.

Chapter I
Prerequisites

Article 1

Property sources of oil

The ownership of oil and gas is all the Iraqi people in all regions and provinces.

Article 2
Scope of application

ا. This Act applies to oil operations in all regions of the Republic of Iraq, including land and the land underneath it, as well as in the internal waters and territorial waters.

ب. Excluded from the scope of this law Oil Refining and Gas Processing and Astkhaddamathma industrial, as well as the storage and transportation and distribution of petroleum products.

Article 3
End

ا. This law establishes the management system of oil operations in the Republic of Iraq, taking into account existing international conventions between the Republic of Iraq and the States again with regard to the transfer of crude oil.

ب. This law aims to define the foundations of cooperation between the concerned ministries in the federal government, as well as the establishment of a coordination and consultation between the federal authorities and the regional authorities and the oil-producing provinces.

Article 4
Definitions

For the purposes of this Act shall be of the words and phrases where they received on / below the meanings assigned to it, but if the text meaning another :

1. "Discovery" - the first presence of oil are encountered in an ambush by drilling, which can be drawn to the surface through conventional oil industry.

2. "Commercial discovery" - discovery Iattabrlagradh commercial development by the owner of exploration and production licenses

3. "Territory" of the Kurdistan RESTAURANTS-shaped territory after Sidorhta law in the Republic of Iraq "in accordance with the provisions of the Constitution.

4. "Best practices in the petroleum industry" - all of these practices on oil operations, which are generally accepted in the international oil industry as good and safe and environment-friendly, economical and efficient in exploration and production of oil.

5. "Optimal methods for the management of the pipeline network" - all those practices relating to transit through pipelines - including the design and construction and preparation for the operation, maintenance, operation and termination of instruction pipeline - which are generally accepted in the international oil industry as good, The safe and environmentally friendly, economical and efficient in the transfer of oil.

6. Production "- extraction and disposal of oil.

7. "Oil" - all producers of raw natural gas or any hydrocarbon producer Auimkin production of crude oil or natural gas or oil Tar sand or rock.

8. "D" - activities carried out by the owner of a permit exploration and production based on field development plan or plan of development pipelines the key, which aims to produce and transport oil.

9. "Prospecting" - the search for oil by geological, geophysical and other means, including drilling exploratory wells, and valuation.

10. "Field" - an area containing the ambush or group strengths, combined or linked to the same geological structure or status Alsttgravi . The domain name refers to the surface area, but perhaps also indicates "at the same time to the surface, producing formations in the beneath the ground.

11. "Pipeline workers" - the pipeline including the valve stations and pumping stations, power stations, stamping and accompanying facilities, which compiles crude oil or gas from the field or group of fields to be delivered to a transfer point for the transfer of overtime.

12. "Pipeline" - engineering business consists of a pipeline elongated along with the accompanying material on the surface level including so valves and pumping stations and stamping equipment and the accompanying measurement and control, communications and remote control for the purposes of transporting crude oil or gas from the point of conversion at the point of processing at the point of delivery.

13. "The main pipeline" - the main pipeline including the valve stations and pumping stations, power stations, stamping and installations are built by the carrier for the transportation of crude oil or natural gas from a field or several fields, sources inside or outside Iraq.

14. "Plan to develop the field" - the schedule and cost estimate specified for the appraisal and development activities required to develop and produce oil from specific fields or a group of fields by the owner of the contract for exploration and production, which was prepared in accordance with this Act and the relevant requirements in the regulations operations and oil exploration and production contract, which covers an area of contract.

15. "Plan to develop the main pipeline" - plan and estimate the cost of all activities identified to be performed for the carrier to transport oil pipeline Abrann in Iraq and across the territory of neighboring countries, which have been prepared in accordance with this Act and the relevant conditions in the systems and processes oil contract exploration and production, which covers the contract and any relevant bilateral agreements.

16. "Plan cancellation instruction" - a plan for the closure of the operations of oil and re operational environment to the original situation, including the removal of all installations and disposal by.

17. "Iraqi person" - any citizen of Iraqi nationality, or any company or institution a list of legal personality and registered according to Iraqi legislation with a main center in Iraq and has more than 50% of the shares of capital owned by the Iraqi citizens or before institutions or companies, public or private Iraqi.

18. "Alien" - any person other than the Iraqi citizen, company or institution legal personality and the list of registered according to Iraqi legislation, and it less than 50% of the shares of capital owned by local citizens, companies or private or public institutions Iraqi.

19. "Petroleum operations" - all activities related to exploration, development, production, isolation and treatment, storage, transport, sale or delivery of oil at the point of delivery or the point of export or processing point agreed upon inside or outside Iraq, and include the processing of natural gas and the closure of all activities agreed.

20. "Gas" - all hydrocarbons which are in a state of gas in the atmospheric conditions of temperature and pressure, whether associated with liquid hydrocarbons or not, as well as remnants of gas remaining after extraction of liquid hydrocarbons from the reservoir.

21. "Algazalmassahab" - gas reservoir under the circumstances either the Mtaba "in the mass Haidrokerboni or in the dome over oil and gas senses of crude oil.

22. "Non-associated gas" - gas except gas attendant.

23. "Operator" - body appointed by the competent authority in consultation with the owner of the right of exploration and production for oil operations on behalf of the latter.

24. "Preservation productive" - any of the governorates of the Republic of Iraq in which there is production of oil and gas in a sustainable and commercial rates to quote the (150) one thousand barrels / day.

25. "Reservoir" - combine oil in a separate unit specific geological characteristics and limits of rock or synthetic Tabaghih and roofs contact between oil and water composition, or any joint overlap them, to affect oil production in any part of this gathering of the total oil pressure Rally in Oil whole.

26. The "contract" - the region where the owner permits authorized exploration and production, including exploration, development and production of oil.

27. "The development and production" - part of the contract, which was identified after a commercial discovery under paragraphs and conditions of the contract for exploration and production.

28. "Crude oil" - all hydrocarbons and regardless of the specific weight, which are produced and made available bed situation at the liquid temperature The air pressure, including the asphalt, and tar and liquid Alhidrokerboinh known Balmkotrat or condensers, which are obtained from the gas within the the contracting.

29. "Carrier" - designated by the Council of Ministers for the receipt of crude oil or natural gas from the owner of the right of exploration and production at the point the conversion and delivery of crude oil or natural gas for export to the owner of the right of exploration and production at the point of delivery.

30. "A point of measurement of production" - site (sites) in which the measurement of sizes and the quality of crude oil or gas, which will be converted to a point conversion.

31. "Transfer point" lip entrance to the pipelines from the point of measurement of external production, where the carrier's receipt of crude oil or natural gas the owner of the right of exploration and production.

32. "Point of delivery" - points (points), loading facility where crude oil up to the entrance of the reservoir, lip-ship, which received crude oil or those other point within 13-17 or Iraq, as agreed under the contract for exploration and production. In the case of gas, it is the entrance to the receiving facilities receiving gas.

33. "Point of supply" - site, which is converting crude oil or gas, which is the main pipeline or pipeline to the field a different type of transport or treatment or employment.

34. "Ministry" - and the Ministry of Oil of the Republic of Iraq, companies and other institutions identified and the High body.

35. "Competent body" - the Oil Ministry or the Iraqi National Oil Company, or regional body.

36. " Regional body "- the competent ministry in the government of the province.

37. The Federal Council of the oil and gas-Council, which formed the Council of Ministers under Article 5 /

V of the Act for the exercise of the powers entrusted to it in accordance with "the law.

38. Office-Bureau of independent advisers to be appointed by the Federal Council and oil Algazovka "to the provisions of this Act.


Chapter II
Management sources of oil

Article 5

The powers of the authorities

ا. The House

First. " Initiate the House of Representatives all federal laws related to the oil and gas sector.
II. " The House of Representatives ratified all the conventions of international oil stomach and relevant communication operations in the oil and gas sector and concluded by the Republic of Iraq with other nations.

ب. The Council of Ministers

First. " The Cabinet recommendation to the House of Representatives with respect to the proposed draft legislation for Iraq to develop sources of oil and gas.

II. " The Council of Ministers is the authority's jurisdiction to Agheraralsiash federal oil and supervision of the application of that policy. It will also oversee the total petroleum operations including the adoption of federal policy for all Alamuralte organization governed by the Act including exploration and production, transportation and marketing The proposal legislative tools in the oil sector and to ratify the necessary regulations of the things listed above from time to time.

III. " In order to carry out the tasks mentioned above, the Council of Ministers to ensure the adoption of the Federal oil and gas and the ministry means appropriate and effective for consultation and coordination with regional authorities and provinces producing oil and gas in accordance with the "what is stipulated in the constitution.

ت. The Federal Oil and Gas

First. " In order to facilitate the functions of the Council of Ministers in connection with the adoption of petroleum policy implications and plans, which are being prepared by ministry in coordination and consultation with the regions and producing governorates, as well as to develop the necessary instructions to conclude the contracts for exploration and production under Article No. 9 this law establishes a body, the Council of Ministers (the Federal Oil and Gas). the prime minister or his nominee and comprising membership in both "from :

1), and oil ministers of finance and planning and development cooperation of the federal government.

2) Governor of the Central Bank of Iraq.

3) a representative from each territory degree Minister.

4) representative from each province productive irregularly in the province.

5) Presidents heads of the most important oil-related institutions, among them the National Oil Company and the Iraqi Oil Marketing Company.

6) experts deal with matters relating to oil and gas, finance and economy of no more than three are appointed for a maximum period of five years from the decision the Council of Ministers.

Taking account of the formation of the Federal Council of oil and gas representation of the basic components of the Iraqi people.

II. " The Federal Council of oil and gas responsible for the development of policies and plans of federal oil exploration and development fields and the main pipeline plans inside Iraq, and has the right to approve any substantial modification of such plans.

Originally Posted by CharmedPiper

Is this it do you think???

Originally Posted by Adster

Sure is. And the Law is there, nice and clear.........no mention of rate but we can take positives from the above.......

Great Find CP. Closer and Closer.

Originally Posted by Adster

Posted elsewhere from my pal Kev, speaks a lot of sense and for me too on this and other things. Got his permission to post it.


Ah, panic time! NOT. If I was Iraq and I wanted to remove more currency out of circulation from small speculators and a major increase in currency value was about to occur I'd probably make it look like it was going the other way because, guaranteed, a few people (maybe not most) would sell thinking this investment is a no-hoper!

As was explained to me this is a typical method of Arab business practice:

1. Make something look more valuable or begin increasing the value (happened with Dinar rise).
   
2. Follow it with lots of news that appears good but is misleading and conflicting (happened Nov/Dec/early Jan 2006).
3. Followed by a period of virtually no news and little movement to make people think nothing is going to happen (late Jan-mid Feb)
4. Good news, good news and more good news (happening).
5. Panic everybody into thinking the deal is not going through (happening).
6. Wham! Everything in place. Deal is done.

This usual Arab business philosophy was (genuinely, I'm not making this up) explained to me by someone who did some business contracts with Arabs....

Hang in there people!

Thanks Adster. This one should help with some minds that are hurting.

Originally Posted by neno

Thanks Adster. This one should help with some minds that are hurting.

my mind is hurting but i suspect it was the .99 cent margaritas !!!

Originally Posted by shotgunsusie

my mind is hurting but i suspect it was the .99 cent margaritas !!!

Must RV higher, and then get those 10.00 ones, all day. They just do the Trick Better.

Looks like the official signing of the International Compact will be Sat. March 16. Things are starting to fall into place fast. Praise God!



Economic progress. On the economic side, on March 16th in New York there will be a formal closure of the text of the International Compact for Iraq. This is quite an extraordinary, very detailed document worked out over the course of much of the last year between the Iraqi Government, the United Nations represented by the World Bank. It is a very detailed lay down of commitments on structures for Iraq's economy, for commercial openness, for investment-friendly regulation. Much of that agenda has already been implemented or is in the process of being addressed and implemented. The compact also contains commitments on the security and national reconciliation front which are very important.


We see this as a very positive step. It's a step which needs not only Iraqi actions in terms of continued implementation, but also reciprocal treatment from the international community, from Iraq's neighbors, who, as Iraq reaches out to them with these commitments on an open economy, on progress on political reconciliation and security, in turn receives support from its neighbors, from the broader international community.


Iraq does need to become economically self-sufficient. The Administration has taken the extraordinary step of requesting from the Congress in the '07 supplemental and in the regular and global war on terror '08 budget request economic assistance for Iraq. Now, Iraq has some $12.5 billion of assets within its current accounts. Those are assets which exist largely as the result of an inability to spend a capital infrastructure budget in 2006. Iraq needs to be able to move its own resources to its own critical needs, both essential services -- the now part of its economic needs -- and a meaningful capital infrastructure investment budget for tomorrow's needs.


But because of the focus on clear, secure, and then the third phase, build, it's essential that economic resources that can stabilize a situation, particularly in conflicted areas after they have been cleared of elements engaged in violence, secured adequately from return of those elements, that there is a build component as well that provides an economic and social stake for the inhabitants of those areas who want a normal, peaceful life to be able to live that life, to be able to mobilize themselves against those who would come in and disrupt.


We need -- we believe we have an obligation -- to help make sure that build component is present when it is needed. We are focused on building Iraqi budget execution capability. That's a critical priority for our efforts in Baghdad and through the PRTs elsewhere. Iraq needs to move into the lead on meeting these needs on building itself, but we are prepared to help. We are prepared to address capacity issues through the assistance we have requested from the Congress over the course of the coming year.

Read more: On-the-Record Briefing by Senior Advisor to the Secretary and Coordinator For Iraq David M. Satterfield on Iraq

Originally Posted by ourhouse37

From what I understand, the "Muslim nation" has no real leader or head, just a bunch of imam sorts who probably range from truly good and spiritual to the vicious hatemongers that we hear about in the news. Whatever one might think about the Catholic church, they do have one main guy who sets the tone and tells them what to do. That leaves them in a state of self determination, which as we know as humans, can be a very good thing if you're strong and decent, or bad if one allows oneself to be led by fanatics.
As reported in a very good hour report on NPR.

Excellent Kristin, we must drink and talk one day, after the reval. I'll buy the first bottle of Crystal.

نThe Office of the United Nations in Amman to follow up the affairs of displaced Iraqis
Rice, Abdullah II refugee problem in the Slovak Republic for the Baghdad International

Washington time
.The United Nations announced yesterday that it will open an office in Amman is administered humanitarian problems arising from the violence in Iraq. especially with regard to the conditions of refugees and displaced persons. He said John Holmes, the new Assistant Secretary-General for Humanitarian Affairs and Emergency Relief Coordinator of the United Nations, in a statement, that branch Office for the Coordination of Humanitarian Affairs planned to be set up will be enormous humanitarian problem and the growing more organized than they were things so far. .It will about a dozen people in the first phase at a branch in Amman, Jordan.

He said the British diplomat who assumed his post in the beginning of this month that "the human face of the Iraqi conflict should be dealt with the international level in a clearer and more transparent. There are about 1.8 million displaced persons inside Iraq now, with two million others displaced from their country since the invasion of Iraq in March 2003, according to United Nations estimates. Most headed to Jordan and Syria. will the United Nations 17 and 18 of next month in Geneva, an international conference on Iraqi refugees.
This issue will also be the focus of an international conference on Iraq held in Baghdad on the 10th of March.
Holmes also pointed to other problems experienced by Iraq, including food insecurity as a result distribution system contains many impurities.
For its part, Jordanian sources disclosed yesterday that the Jordanian monarch, King Abdullah II, and Condoleezza Rice agreed during their talks in Washington raise the issue of Iraqi refugees in the international conference on Iraq to be held in Baghdad on the 10th of this month.
Participants in this conference Syria, Jordan,which both countries hosting the largest number of Iraqi refugees in addition to Iran, Turkey, Kuwait and Saudi Arabia and the United States and Britain.

A spokesman for the State Department Sean McCormack that the issue of Iraqi refugees, which were at the heart of the Regional Conference on Iraq the end of this week in Baghdad, occupies a position in the interests of Jordanian officials.

.He added that the Jordanians know feel deeply concerned by the pressure exerted on the support networks in Jordan and the ability of non - governmental organizations working in Jordan to meet the humanitarian needs of approximately 600 thousand Iraqi refugees in the country.
.He described the Jordanian monarch announcement of the conference last week that an important development, as he said the Jordanian delegation in a statement issued after lunch work.
The statement said that the Iraqi crisis affects all of Iraq's neighboring countries and Arab countries are willing to contribute to peace and stability in the Iraq. "
.The Jordanian monarch also called on the American administration to support the Arab peace initiative.

.Under this initiative on the Israeli Arab comprehensive peace with full security guarantees to Israel by the Arab countries in return a Palestinian state viable and independent, and an Israeli withdrawal from all the Arab territories occupied since 1967 and the agreement on the refugee issue, as pointed out the Jordanian statement.
A statement added that this initiative Piort endorsed by the Arab summit in the year 2002, attracting growing interest among Islamic states from outside the region that want to make a constructive contribution to regional peace efforts.
.The Jordanian embassy in Washington said that these countries are Pakistan, Indonesia and Malaysia.


Azzaman International Newspaper - Issue 2637 - Date 7/3/2007Azzaman International Newspaper-2637-Issue Date March 7, 2007

7/3/2007Newspaper (Azzaman) - The International 2637-the date March 7, 2007

azzaman

Originally Posted by shotgunsusie

my mind is hurting but i suspect it was the .99 cent margaritas !!!

...I gotta move to Alaska!

I have had a lot of layovers in Anchorage and my head hurts just thinking about those bars. Back in the day there was the Montana club, Monkey Bar and of course the old Alaska Bush Compnay and many more. Man I wish I had all that money back.