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

Originally Posted by rvalreadydang

العراقThe draft law allows foreign companies to exploit the oil in Iraq
منعليه.National economic newspaper "The Independent on Sunday" today that Iraq is preparing to license foreign companies to exploit the huge reserves of oil based on the draft bill dated in July 2006 able to see it.
عبر المقبلة.The British weekly said that the bill, which cooperated in the preparation of the United States through consulting companies will be submitted to the Iraqi Parliament in the coming days. .According to the newspaper, the Czech Republic through the introduction of production sharing agreements, companies such as British "BP (Bi. Me) "and the Anglo-Dutch Shell and Exxon, two Americans and Chevron signed contracts for a period of thirty years for the extraction of Iraqi oil.
ذلك.Production sharing agreements are contracts under which the country remains the owner of oil producer but foreign companies carrying out exploration and exploitation of oil in return receive a share of production.
ان.According to "The Independent on Sunday", the foreign companies may hold up to 60 or 70% of the oil revenue to cover the amounts are invested at the outset. اما 0%.The normal rate is 40%.
بعد.After that could retain 20%, against 10% in the normal situation. بان .This difference explains that the stabilization of the situation in Iraq, according to specialists, but I asked them to the newspaper acknowledged, however, that this figure remains high.
هذا .Combines specialists also agreed that the big companies do not rush to enter the Iraqi market because they prefer to wait until the country to restore some stability. .The intermediate risk some companies only in the short term.
.In the event that this will be the first time that the participation of foreign companies investing in the Iraqi oil since the nationalization of the industry in 1972.
.The production-sharing agreements will be a precedent in the Middle East, where controlled Saudi Arabia and Iran, the first and second major sources of oil in the world, the oil companies bereft of the State.
بي.Iraq owns the third confirmed oil reserves in the world estimated at 115 billion barrels, according to company ABB.
ومنذ .Since the outbreak of the war on Iraq in March 2003 retreat of Iraqi oil production significantly to the decline of 3.5 million barrels per day to about two million barrels per day now.
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للطباعة Printing ارسل الى صديق Sent to a friend

1/7/2007July 1, 2007

LOL not really sure why they have the date of July here
Translated version of http://www.e-ahli.net/Fron_P/MainP_List_F.asp

Are we to assume these are newly signed based on the passing of the HCL, or were these signed a while back?

Originally Posted by pipshurricane

Books : nakr2004 on Monday, March 12, 2007 1:01 PM-BT

The House of Representatives will discuss a draft bill of oil and gas ارDargham of Muhammad Ali Abdel Amir, Kawther
Baghdad - (Voices of Iraq)

The House discussed at its meeting held today, Monday, the draft resolution on oil and gas, with the Council postponed the second reading of the law regulating broadcasting frequencies and because of its relationship to the law of the provinces.
He said Dr Khalid al-Attiyah, first deputy chairman of the Chamber of Deputies, who chaired today's meeting that "the competent authorities demanded postponement of the second reading of the law regulating broadcasting frequencies, due to the completion of the governorates."
The law regulating broadcasting frequencies and the organization of the work of the mobile phone networks and broadcasting via radio to the media on television and radio and the development of the law of the Communications and Information is responsible for granting special leave mobile phones and transmission via the Iraqi ether.
The net objected purity and Minister of State for Parliamentary Affairs on the postponement that the government needs to enact the law. In addition to the fact that the Ministry of full implications of their work it. "
And in relation to, said Judge Wael Abdel Latif, the Iraqi from the list at today's meeting that "agriculture in Basra collapsed completely collapsed."
Abdel Latif added, "The reason for the deterioration is due to the lack of agricultural supplies and higher wages instead Landiaali four times from what it was under the decision of the Ministry of Agriculture."
The parliament today had a first reading of the draft law of the irrigation and drainage networks, which provided for the doubling of wages instead of land for those who default on the payment for the first half of the year.
The judge said Abdel-Latif, "agriculture in Iraq need material support, and not to increase the tax burden, especially as farmers in Iraq are represented (60 - 65%) and the strange topic that citrus fruits and intervention of the eyesight of Egypt and Kuwait, and other such that I knew of during my meeting Balmlakat and farming associations in Basra."
وHe added : "Therefore, the need to support agriculture, seeds, fertilizers and water."
The director of Information Office of the President of the Chamber of Deputies, Muhannad Abdul Jabbar had said earlier today told (Voices of Iraq) said that the parliament "will be held today during its first regular legislative chapter III, to be chaired by Dr. Mahmoud Almshahadani President of the Council."
He explained that the Parliament will be discussed in today's meeting, "the second reading of the draft private investment liquidation of crude oil."
No legal quorum for a session held by the House of Representatives last Tuesday, and around the audience members to "consultative meeting" ... .Discussed during the parliament's work over the coming period.
The number of members of the House of Representatives (275) Iraqi Vice, and the required quorum of meetings is half the number of members plus one ... .Any (139) deputies.
Abduljabbar added, "As the House of Representatives today will discuss the second reading of the draft law on the Office of the High Commissioner for Human Rights, and the second reading of the amendment of the law on irrigation and drainage networks (No. 12 of 1995), and the second reading of the draft law to the Ministry of Municipalities and Public Works."
He continued, "as well as reading data for a number of Council members on various issues."

Version traduite de la page http://www.aswataliraq.info/?newlang=ara

It looks obvious, but should we be reading this any other way than this is the 2nd reading of the HCL?

Iraqi Leaders Struggle to Meet U.S. Benchmarks
Last Edited: Monday, 12 Mar 2007, 6:30 AM CDT
Created: Monday, 12 Mar 2007, 5:30 AM CDT

03/12/2007 --

Iraq's fragmented leadership is struggling to meet the major benchmarks that it has pledged to the United States to achieve soon, with political wrangling and a chaotic legislature standing in the way.

The issue took on new urgency last week when House Democrats drafted legislation that would require President Bush to certify by July 1 and again by Oct. 1 whether the Iraqi government is making progress on security, an oil plan and constitutional amendments.

Even if the Democratic proposals never make it through Congress, pressure is mounting for the Iraqis to meet a timetable or risk losing U.S. troops and support.

But the Iraqis face a host of stumbling blocks that go to the heart of the crisis.

And recent talk of changes in Prime Minister Nouri al-Maliki's government may just increase the paralysis as groups maneuver for power.

Iraq missed the Dec. 31 target dates to enact laws establishing provincial elections, regulating distribution of the country's oil wealth and reversing measures that have excluded many Sunnis from jobs and government positions because they belonged to Saddam Hussein's Baath party.

The U.S. is also pushing for constitutional amendments to remove articles which the Sunnis believe discriminate in favor of the Shiites and Kurds.

U.S officials also want Iraqis to pass a bill to set new elections for provincial governments to encourage greater public participation at the grass roots level.

So far, the only success has been a new oil law, which al-Maliki's Cabinet endorsed on Feb. 26 and sent to parliament for approval. Leaders of all main political blocs have pledged to support the bill, which lays down rules for negotiating contracts and distributing the revenues among Shiites, Sunnis and Kurds.

But parliament has not taken up the measure yet, and the deputy speaker told The Associated Press that the draft may have to be sent back to the Cabinet because al-Maliki's staff skipped some legal steps in endorsing it the first time.

Likewise, the bill on provincial elections is bogged down in procedural matters. The measure is designed to redress problems caused when the Sunnis boycotted the January 2005 election, which provincial councils were chosen.

That resulted in Shiites winning power in some areas with Sunni majorities. Shiite lawmakers are not anxious to give up those gains.

Legislation to relax the ban on former Baath party members holding government jobs or elective office faces an even tougher road.

Shiites and Kurds, who suffered the most under Saddam's Sunni-dominated regime, are reluctant to reinstate thousands of members of the party responsible.

The government provides most jobs here, and the ban effectively deprives thousands of former Baath members of a livelihood. Many are Sunnis, and the U.S. believes the current rules are driving Sunnis into the insurgency.

The main Sunni bloc in parliament wants the rules loosened so that thousands of lower-ranking party members can get their jobs back.

Ali al-Lami, executive-secretary of the government committee that screens former party members, told the AP that the factions reached a broad compromise during a meeting Feb. 28, whereby the number of Baath members under the ban would be cut by more than half.

Other former party members would be offered reinstatement or retirement with pensions, he said. Al-Lami said al-Maliki had endorsed the compromise.

But that's no guarantee of swift passage. Many Shiite and Kurdish lawmakers hold strong personal views on the issue, and most of the 275 parliament members have not seen details of the compromise since the legislature adjourned for a month in early February.

It was to have reconvened last Tuesday, but only a handful of members showed up and the session was rescheduled until Monday — when only about 50 appeared. The assembly needs half the members plus one for a quorum.

Kurdish legislator Mahmoud Othman said opinion among rank-and-file lawmakers was still divided.

Othman said he hoped that both the oil bill and changes in the Baath membership ban would be approved by July when parliament begins its summer recess.

"I think the issue of the constitutional review would take a longer time because all political groups and parties, not parliament only, are involved in this sticking issue that might shape and determine the future and the destiny of this country," Othman said.

The Shiites and Kurds agreed to consider amendments so that Sunni politicians would endorse a vote on the constitution, but the Sunnis are demanding are the very changes that the Shiites and Kurds have fought hard to prevent, and neither side shows much sign of backing down.

The Baghdad security operation now under way may have complicated things.

Al-Maliki, under U.S. pressure to rein in Muqtada al-Sadr's Mahdi Army, has moved to reduce al-Sadr's influence in his government. Al-Maliki's announcement of an imminent Cabinet reshuffle has set off a new round of power-playing that could slow the legislative process and make approval of benchmarks hostage to promises of power or patronage.

An official source in the office of the presidency that the President of the Kurdistan region Masoud Barzani will visit Saudi Arabia today, Monday, to discuss with Saudi officials on the Iraqi situation and bilateral relations between the two countries and regional situation.
This is the first visit by Mr. Masoud Barzani, after the fall of Saddam Hussein's regime as president of the Kurdistan region, where he was taken and visited Saudi Arabia in the late 1990s as president of the Democratic Party of Kurdistan.
لوكالةءThe head of the Office of the Presidency of the Kurdistan Dr. Fouad Hussein, in a statement to the News Agency (Voices of Iraq) Independent, that Barzani "will visit Saudi Arabia today, Monday,,
On top of a high-level Kurdish delegation. "

He added Hussein, "the visit came after the receipt of the President of the Kurdistan official invitation from the Custodian of the Two Holy Mosques, King Abdullah bin Abdul Aziz."
The Chief of Staff of the Presidency of the Territory that the visit "will take several days, during which he will meet President of the Saudi monarch, and to discuss relations with the Kurdish people in Saudi Arabia."
،He continued : "We will also talk about the Iraqi situation, whether political or security,
The Saudi-Iraqi relations ... "In addition to the regional situation. "
It is expected to leave Barzani Erbil International Airport this morning, to the Saudi capital Riyadh.
Version traduite de la page http://www.aswataliraq.info/?newlang=ara

Originally Posted by One Oar

Are we to assume these are newly signed based on the passing of the HCL, or were these signed a while back?

I'm wondering the same thing, even the date on this article leaves that a mystery

IMF Executive Board Calendar -- Sorted by Date

March 12, 2007 Country: Iraq

Title: Third and Fourth Reviews Under the Stand-By Arrangement

Let's not forget this.

The House of Representatives will discuss a draft bill of oil and gas

(Voice of Iraq) - 12-03-2007
This issue was sent to a friend

Dargham of Muhammad Ali Abdel Amir, Kawther
Baghdad - (Voices of Iraq)

The House discussed at its meeting held today, Monday, the draft resolution on oil and gas, with the Council postponed the second reading of the law regulating broadcasting frequencies and because of its relationship to the law of the provinces. He said Dr Khalid al-Attiyah, first deputy chairman of the Chamber of Deputies, who chaired today's meeting that "the competent authorities demanded postponement of the second reading of the law regulating broadcasting frequencies, due to the completion of the governorates."
The law regulating broadcasting frequencies and the organization of the work of the mobile phone networks and broadcasting via radio to the media on television and radio and the development of the law of the Communications and Information is responsible for granting special leave mobile phones and transmission via the Iraqi ether.
The net objected purity and Minister of State for Parliamentary Affairs on the postponement that the government needs to enact the law. In addition to the fact that the Ministry of full implications of their work it. "
And in relation to, said Judge Wael Abdel Latif, the Iraqi from the list at today's meeting that "agriculture in Basra collapsed completely collapsed."
Abdel Latif added, "The reason for the deterioration is due to the lack of agricultural supplies and higher wages instead Landiaali four times from what it was under the decision of the Ministry of Agriculture."
The parliament today had a first reading of the draft law of the irrigation and drainage networks, which provided for the doubling of wages instead of land for those who default on the payment for the first half of the year.
The judge said Abdel-Latif, "agriculture in Iraq need material support, and not to increase the tax burden, especially as farmers in Iraq are represented (60 - 65%) and the strange topic that citrus fruits and intervention of the eyesight of Egypt and Kuwait, and other such that I knew of during my meeting Balmlakat and farming associations in Basra."
He added : "Therefore, the need to support agriculture, seeds, fertilizers and water."
The director of Information Office of the President of the Chamber of Deputies, Muhannad Abdul Jabbar had said earlier today told (Voices of Iraq) said that the parliament "will be held today during its first regular legislative chapter III, to be chaired by Dr. Mahmoud Almshahadani President of the Council."
He explained that the Parliament will be discussed in today's meeting, "the second reading of the draft private investment liquidation of crude oil."
No legal quorum for a session held by the House of Representatives last Tuesday, and around the audience members to "consultative meeting" ... Discussed during the parliament's work over the coming period.
The number of members of the House of Representatives (275) Iraqi Vice, and the required quorum of meetings is half the number of members plus one ... Any (139) deputies.
Abduljabbar added, "As the House of Representatives today will discuss the second reading of the draft law on the Office of the High Commissioner for Human Rights, and the second reading of the amendment of the law on irrigation and drainage networks (No. 12 of 1995), and the second reading of the draft law to the Ministry of Municipalities and Public Works."
He continued, "as well as reading data for a number of Council members on various issues."
RB

But parliament has not taken up the measure yet, and the deputy speaker told The Associated Press that the draft may have to be sent back to the Cabinet because al-Maliki's staff skipped some legal steps in endorsing it the first time.

And then again, maybe not!? I expect not! Let's pray not!

Accord Front and the Iraqi National Bloc opposed to the discussion of the law of oil and gas
اFrom Santa Mikhail hushed Abdulamir

Baghdad - (Voices of Iraq)
She Iraqi Accord Front and the Iraqi National Bloc headed by former Prime Minister Dr. Iyad Allawi opposed to the draft bill of oil and gas on the agenda of the House of Representatives at its meeting held today, Monday,.
The deputy said Alvluji Hussein of the Iraqi Accord, "We believe that the time is not appropriate and inappropriate and we need to deal with the security issue first before discussing the draft."
He added Alvluji who belongs to the third largest parliamentary bloc (Sunni) News Agency (Voices of Iraq) Independent today, "The political and social conditions and the security of selfishness does not allow this step now, and that the draft opens the way for investment companies for the control of the Iraqi oil."
He explained, "it is necessary to host global experts to determine their views on this step with the need to deal very cautiously with this important wealth."
The former Minister of Industry Osama Alnjevi with Alvluji that the timing was not appropriate to discuss a draft law of oil and gas because of the presence of possible constitutional amendments to change the law later. " He pointed out that the council's powers of the federal oil and gas, which formed according to this law are expected to be weak and Atkhaddm national interest.
He told Alnjevi (Voices of Iraq) today, "and that the powers of the regional (provincial and district) wide and clash with the Federal Council, the upper and give priority in the decision of this body and cause future conflict and the disintegration of the country."
Clear Alnjevi who belongs to the Iraqi National list (fourth largest parliamentary bloc), "it is necessary to give the highest powers of the Federal Council has final say in the conclusion of contracts with the companies."
He pointed out that the law gives the Federal Council an opportunity (60) days to make a decision perseverance contracts in the absence of approval, the contract is concluded.
He continued Alnjevi "There is also the national oil company, which is now Canceled but must be shaped by the law and the opinion must be formed before the discussion of the bill and passed and the opportunity to compete with the company's global companies now weak due to the migration of its cadres."
He said that the "law of oil and gas gives an opportunity for foreign investments, without specifying the type of contracts, leading to investment in the fields of giant fields and neglect of vulnerable reservists."
He criticized the composition Alnjevi Federal Council, which by law must be compatible with the nature of the components of the Iraqi people, saying that "this means personal and very serious issue, and there must be qualified regardless of ethnic background and sectarianism."
On the other hand, said MP Mahdi Al-Hafiz from the Iraqi List today, "must not be fragmented and oil bills considered by one batch."
He added Hafiz interjection during the visit in the first meeting of the separation of legislative third day, "government must submit draft uniform laws concerning oil and the societal, because this is not the interests of the country."
Today, the parliament has the second reading of the law of private investment to liquidate oil, which provides for opening the door to the Arab private sector and Alajbni investment in the liquidation of crude oil, according to specified conditions.
One of the reasons for needing this legislation law, according to exceed version was reading in the parliament today is to provide the opportunity for the private sector to invest in the liquidation of crude oil to refineries to be established by the investment companies according to global requirements, and the Ministry of Oil to provide these refineries, crude oil prices raised them one%, and the cost of transportation.
The right of the investing company leasing land for a period of (40) years excluded from the Iraqi Rent Act, as entitled to keep the company's ownership of the lands which commends by the liquidator of the company may not use leased land for other purposes, as entitled to keep crude oil trading company.

Version traduite de la page http://www.aswataliraq.info/?newlang=ara

So many conflicting stories... they are reading the law today... they are not reading the law today... they are reading the law today for the 2nd time... they are sending the law back to the cabinet... the law will be passed in July when summer session begins... the law needs to be passed now... can't pass the law til security measures are cleared up ...

So which is it? Is there anybody out there that can read these articles and make heads or tails of them?

Oh, never mind! That's why my head is in a tizzy right now, cause of all the opinions. Just give me some good solid facts and I will be happy!

What!? None to be found!?

Guess I will just have to keep the faith and have patience!