Thread: Iraq/Dinar News Until 5/3/07 Midnight CST.

Shahrastani : parliamentary blocs agreed to the law end of the month as oil





قال حاليOil Minister said yesterday, Wednesday, Hussein Shahrastani : that the new oil transmit to the House of Representatives and the parliamentary blocs including the Kurdistan Alliance agreed on the endorsement end of the current May
.Shahrastani told reporters in Saudi Arabia that the law was sent to the House, where the political parties agreed to work together for approval late this month. .He added, we still hope that the House of that. .He said the government of the Kurdistan to Ataard draft law, but on the contrary they are very satisfied with them.
وکالة ال�رات العراقية للانباء

By THE ASSOCIATED PRESS
Published: May 3, 2007

Filed at 5:02 a.m. ET

SHARM EL-SHEIK, Egypt (AP) -- Iraqi Prime Minister Nouri al-Maliki called on all countries Thursday to forgive Iraq's foreign debts on the opening day of an international gathering on the country's future.

In another development, the United States looked likely to meet with some of its staunchest Mideast foes -- Syria and Iran -- at the strong urging of Iraq and other Arab countries at the summit here.

In his speech opening the conference, al-Maliki also pledged to institute reforms that the United States and Sunni Arab governments have repeatedly called for, including bringing more Sunni Arabs into the Iraqi political process.

Al-Maliki said forgiving Iraq of its debts was the only way the country could embark on much needed reconstruction projects.

''The national unity government has embarked on a national reconstruction program and needs huge finances for these project,'' he said. ''We call on all the friends and brothers participating in this conference to forgive Iraq all its debts in order to enable it to start the projects.''

Iraq owes some $50 billion, notably to Saudi Arabia, Kuwait, Russia and China, according to Iraqi Finance Minister Bayan Jabr. The debts were run up mostly during former leader Saddam Hussein's war against Iran in the 1980s.

Another $100 billion already has been written off by the Paris Club of lender nations.

''We express our thanks and appreciation for all countries which have either canceled or reduced the debts incurred on Iraq,'' al-Maliki said.

http://www.nytimes.com/aponline/wor...&hp&oref=slogin

Originally Posted by rvalreadydang

Shahrastani : parliamentary blocs agreed to the law end of the month as oil





قال حاليOil Minister said yesterday, Wednesday, Hussein Shahrastani : that the new oil transmit to the House of Representatives and the parliamentary blocs including the Kurdistan Alliance agreed on the endorsement end of the current May
.Shahrastani told reporters in Saudi Arabia that the law was sent to the House, where the political parties agreed to work together for approval late this month. .He added, we still hope that the House of that. .He said the government of the Kurdistan to Ataard draft law, but on the contrary they are very satisfied with them.
وکالة ال�رات العراقية للانباء

By end of the month, could be before, although with their track record best we aim for the end of month at best.

As long as the Kurds are happy this really should pass fairly easily.......Am sure this is what they will be saying at the IC. 'We will have an Oil Law by the end of May'. Plus we have the Oil Summit at the end of May where details of the HCL will be discussed in detail, so it really needs to be done before that IMO.



Iraq Oil, Gas, Petrochemical & Electricity Summit
28-30 May 2007, Dubai, UAE
Explaining Iraq's New Hydrocarbon Law>>>

In collaboration with the Iraqi Government, the Iraq Development Program (IDP) is proud to announce the official Iraq Oil, Gas, Petrochemical & Electricity Summit. For the most important sectors of the Iraqi economy, this historic landmark event will be the first of its kind since the formation of the new Unity Government.
^click on image to view larger map^


Iraq has the world’s second largest proven oil reserves and the Government has now finalised its new hydrocarbon laws, following the declaration of the investment laws for the extractive industries. The timing of this Summit could not be better.

The key decision makers from the Iraqi Government will be 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.
This Summit represents an unmissable opportunity to sit face-to-face with the key ministerial decision makers all under one roof at the same time. They will include:

Ministry of Oil
State operating companies: Oil Projects Company, Oil Exploration Company, North Oil Company, South Oil Company, Pipelines Company, North Midland & South Refining Companies, North & South Gas Companies, Iraq Drilling Co.

Ministry of Industry & Minerals
State Company for Petrochemicals

Ministry of Electricity

Iraq Energy Council

Prime Ministers Office
Investment Promotion Agency


Kurdistan Regional Government
Ministry for Natural Resources, Office of the President

Government representation will include the Ministers, Deputy Ministers and Director Generals.

Each Ministry will also be represented by the respective head of the Iraq Reconstruction Management Office (IRMO).

Other leading international bodies will be in attendance, such as UNIDO and the World Bank. The Iraqi Government will also be making direct personal invitations to GCC and international energy and oil ministers.

Key Content

Each Iraqi Government Ministry will be presenting details of their key projects, contracts and areas of investment.


Oil & Gas
• Full details of new hydrocarbon laws
• Announcement of most up-to-date geological and seismic studies
• Special announcement on Iraqi gas reserves and concession opportunities
• Drilling and exploration rights
• Refineries, oil depots, pipelines and storage tanks
• Crude oil marketing to the international community
• Details of Northern oil operations, including Kirkuk, Nineveh, Erbil and Diyalla
• Management of the 29 central and southern oil fields
• Oil refinery operations and new contract and investment opportunities
• Pumping stations and pipeline distribution
• Technological innovations for the future of Iraq’s hydrocarbon industry

Petrochemicals
• Refinery and petrochemical integration
• Feedstocks flexibility and availability for petrochemical production
• New world scale petrochemical project
• Petrochemical complex #1 Basra
• Petrochemical complex #2 (refinery-integrated) Mussayab
• South Fertiliser – Basra
• North Fertiliser – Baji
• Sawary Resins Company – Baghdad

Electricity
• Refinery and electricity integration
• Petrochemical and electricity integration
• Annual protective maintenance for generation units
• Investment in new power production facilities
• Rehabilitation of older generation units
• Stability of the power and transmission systems
• Construction of new transforming stations and power lines

Special Security Briefing

Iraq’s oil and electricity security is of paramount importance to its political and economic stability, with huge resources in place to ensure that these most vital industries are protected to the highest possible standards.

Insurgent and terrorist attacks are a daily threat to oil pipelines, refineries, petrochemical and fertiliser plants, oil tankers, storage facilities, electricity generation plants, transforming units and power lines.

The Iraq Oil, Gas, Petrochemical & Electricity Summit will run a parallel briefing led by the security heads for the oil, petrochemical and electricity sectors. This will enable private security companies and defence contractors along with suppliers to present the best in breed products and services to these key decision makers.

Registering for the summit

Originally Posted by Adster

By end of the month, could be before, although with their track record best we aim for the end of month at best.

As long as the Kurds are happy this really should pass fairly easily.......Am sure this is what they will be saying at the IC. 'We will have an Oil Law by the end of May'. Plus we have the Oil Summit at the end of May where details of the HCL will be discussed in detail, so it really needs to be done before that IMO.



Iraq Oil, Gas, Petrochemical & Electricity Summit
28-30 May 2007, Dubai, UAE
Explaining Iraq's New Hydrocarbon Law>>>

In collaboration with the Iraqi Government, the Iraq Development Program (IDP) is proud to announce the official Iraq Oil, Gas, Petrochemical & Electricity Summit. For the most important sectors of the Iraqi economy, this historic landmark event will be the first of its kind since the formation of the new Unity Government.
^click on image to view larger map^


Iraq has the world’s second largest proven oil reserves and the Government has now finalised its new hydrocarbon laws, following the declaration of the investment laws for the extractive industries. The timing of this Summit could not be better.

The key decision makers from the Iraqi Government will be 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.
This Summit represents an unmissable opportunity to sit face-to-face with the key ministerial decision makers all under one roof at the same time. They will include:

Ministry of Oil
State operating companies: Oil Projects Company, Oil Exploration Company, North Oil Company, South Oil Company, Pipelines Company, North Midland & South Refining Companies, North & South Gas Companies, Iraq Drilling Co.

Ministry of Industry & Minerals
State Company for Petrochemicals

Ministry of Electricity

Iraq Energy Council

Prime Ministers Office
Investment Promotion Agency


Kurdistan Regional Government
Ministry for Natural Resources, Office of the President

Government representation will include the Ministers, Deputy Ministers and Director Generals.

Each Ministry will also be represented by the respective head of the Iraq Reconstruction Management Office (IRMO).

Other leading international bodies will be in attendance, such as UNIDO and the World Bank. The Iraqi Government will also be making direct personal invitations to GCC and international energy and oil ministers.

Key Content

Each Iraqi Government Ministry will be presenting details of their key projects, contracts and areas of investment.


Oil & Gas
• Full details of new hydrocarbon laws
• Announcement of most up-to-date geological and seismic studies
• Special announcement on Iraqi gas reserves and concession opportunities
• Drilling and exploration rights
• Refineries, oil depots, pipelines and storage tanks
• Crude oil marketing to the international community
• Details of Northern oil operations, including Kirkuk, Nineveh, Erbil and Diyalla
• Management of the 29 central and southern oil fields
• Oil refinery operations and new contract and investment opportunities
• Pumping stations and pipeline distribution
• Technological innovations for the future of Iraq’s hydrocarbon industry

Petrochemicals
• Refinery and petrochemical integration
• Feedstocks flexibility and availability for petrochemical production
• New world scale petrochemical project
• Petrochemical complex #1 Basra
• Petrochemical complex #2 (refinery-integrated) Mussayab
• South Fertiliser – Basra
• North Fertiliser – Baji
• Sawary Resins Company – Baghdad

Electricity
• Refinery and electricity integration
• Petrochemical and electricity integration
• Annual protective maintenance for generation units
• Investment in new power production facilities
• Rehabilitation of older generation units
• Stability of the power and transmission systems
• Construction of new transforming stations and power lines

Special Security Briefing

Iraq’s oil and electricity security is of paramount importance to its political and economic stability, with huge resources in place to ensure that these most vital industries are protected to the highest possible standards.

Insurgent and terrorist attacks are a daily threat to oil pipelines, refineries, petrochemical and fertiliser plants, oil tankers, storage facilities, electricity generation plants, transforming units and power lines.

The Iraq Oil, Gas, Petrochemical & Electricity Summit will run a parallel briefing led by the security heads for the oil, petrochemical and electricity sectors. This will enable private security companies and defence contractors along with suppliers to present the best in breed products and services to these key decision makers.

Registering for the summit

Iraq has the world’s second largest proven oil reserves and the Government has now finalised its new hydrocarbon laws, following the declaration of the investment laws for the extractive industries. The timing of this Summit could not be better.

Originally Posted by screwball

Iraq has the world’s second largest proven oil reserves and the Government has now finalised its new hydrocarbon laws, following the declaration of the investment laws for the extractive industries. The timing of this Summit could not be better.

This was written a while ago, in fact before the current one where the Summit was meant to go ahead at the end of April and they just changed the dates to May! All of the articles are telling us differently unfortunately. IMO it's not been passed yet. IF it has been and announced at the IC I'll be the first to woot and hoot.

Here's a thought, we have read the new budget of 54 trillion which has still not been implemented was based on a rate of 1260 to the dollar, the rate today is 1267, it's possible they are waiting to reach 1260 then reval. Still feel we have a few weeks to go, we have no HCL, Pension Law is being amended, no de-Baathification Law, certain debt forgiveness and we know the meeting with the IMF to discuss Article IV is in mid May. All of this gives them the time to drop to 1260 then revalue overnight and implement the budget with the new rate. This is no rumour, just a theory based on facts.

Rafidayn Bank Dir-Gen Announces New Reform Program
03 May 2007 (MEMRI)

The director-general of the Rafidayn Bank in Iraq, Abdul Hussein Al-Yasseri, announced a new program to reform the banking sector in Iraq through the introduction of a comprehensive electronic system.

[The Rafidayn Bank is the largest commercial bank in the country, established in 1941.]

Rafidayn Bank Dir-Gen Announces New Reform Program | Iraq Updates

And this on Tuesday......


Tuesday 01 May 2007
Flights to transfer currency from the Rafidain Bank to a number of banks

Luna / Baghdad / The Iraqi company for banking services several trips to the transfer of currency to the Rafidain bank branches all over in Baghdad during the third week of April.

The source added that the branches are (Rustumiyyah, Haifa, Liberals, the White Palace, paradise, Khansa, Jerusalem, Al-Mansour, Diyala bridge, in essence, Karradat Maryam, the eastern section, Azwaih, projectors, Hotel Babylon, oil compound, Waziriyah, New Dawn), has moved the company private currency Rashid Bank and its branches, some branches of private banks, adding that the company has several flights outside Baghdad governorate to the Wasit governorate, including three special Rafidain Bank branches in the (Suwayrah, Wasit, the project) and another trip to the Rasheed Bank branch in (Nu'maniyah).
__________________

No : the speech of Mr. Prime Minister in the International Covenant

(صوت العراق) - 03-05-2007

(Voice of Iraq) - 03-05-2007

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No : the speech of Mr. Prime Minister in the International Conference in Sharm el-Sheikh

The text of a speech professor Prime Minister Nuri al-Maliki in the International Covenant, which began its meetings today in Sharm el-Sheikh Arab Republic of Egypt and sponsored by the United Nations and major powers in the presence of the 50th participating State.

Mr. Maliki Shahdo word here :

http://www.youtube.com/iraqtube

Http://www.youtube.com/iraqtube

Note : Footage of two parts

Translated version of http://www.sotaliraq.com/

Sunni Accord Front criticize the government of Iraq

(صوت العراق) - 03-05-2007

(Voice of Iraq) - 03-05-2007

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BAGHDAD (Reuters) - Iraqi Accord Front criticized the chief representative of Arab Sunnis in the political process, the government of Iraq, accusing it of double standards led to the arrival of the country to "national disaster by all standards" and threatened to take a unified position on the participation of the government, without specifying this position.

"She said in a statement read Front MP and spokesman in Baghdad, Salim al-Jabouri Accord Front to participate in the political process and the current government headed by Nuri al-Maliki was on the basis of "understandings and agreements binding with the rest of the political blocs known."

"

He added : "After more than a year, it is regrettable to say that the harvest this participation was not only bitter harvest, a national disaster by all measures."

"

The statement said that the widespread chaos in the country by deepening divisions "sectarian, religious and politicized security services and the growing breach in the case of human rights and the spread of the phenomenon of administrative corruption ... And the judiciary has a lot of independence and formats the official media as a means to promote their agenda about Iraq strange. "

"

He added : "The turning over to the four million Iraqi refugees inside and outside Iraq .. The best witness and evidence to the volume of the tragedy that befell Iraq. "

"The statement said that the events in the era of the government headed by al-Maliki missed "an opportunity for Iraqis in progress and construction."

"He added that this would not have happened "if committed entities to participate in the government, which paved the conventions to the formation of the current government."

"The statement said that the political situation posed by the Iraqi reality "does not absolve the current government, but carried the bulk of the responsibility."

"The statement accused the government of pursuing a policy of "exclusion and marginalization and monopolizing political decision until this hour ... Separating what participating in the government of content and loosing its value and meaning. "

"

The Front statement by saying it calls on the government again, "and urges them to review many of the files, which are still pending and invites their commitment .. Negotiating National Covenant, which should pave the way for the international community. "

"She added, "Otherwise, the front taught many of the hard political choices .. And it will not hesitate to take appropriate political decision in a timely manner if continued policy of procrastination and delay to it indefinitely. "

Translated version of http://www.sotaliraq.com/