Thread: Archive Latest News - Dinar Think Tank - 27/08/08 - 15/01/09

Iraq will be able to protect its oil installations in 2012

The commander of the protection of oil installations, said it will be able by 2012 to take over security for all oil infrastructure in the event of his money to do so. A statement on Saturday the commander, Brigadier Hamid Abdullah as saying this week of U.S. Gen. Frank Hellmich "We hope to be able to protect oil pipelines by the year 2012 if we get the budget necessary."

The many organ, which dates back to 31 thousand Interior Ministry policeman. Abdullah hoped the addition of five thousand police officers to enable him to assume the responsibility alone. Share the Facilities Protection Service oil with the Ministry of Defense assistance of coalition forces.

Abdullah said that "money is given to our most important issue, to find an alternative to replace the elements of the Ministry of Defense."

According to the scheme Abdullah, there will be 22 battalions of 750 men each, or 16,500 police officers assigned exclusively to monitor the oil pipelines by 2012 compared to ten thousand now, while others will protect refineries and packaging plants.

And carry the small arms and Abdullah hoped to use helicopters to intervene in cases of emergency, better communications equipment and building walls of concrete aspects of the oil pipeline.

The U.S. military says that the device protecting oil installations, which was founded early 2004, allowing the reduction of sabotage and smuggling operations by 90%. The volume of oil production is currently about 2.5 million barrels per day, only 1.9 million barrels.

Translated version of http://www.hewarat.dk/hewarat_data.php?sid=12795

Iraqi government to hold extraordinary session on SOFA

A close source from the government said that the council of the ministers will hold an extraordinary session in case of receiving the U.S. reply on its proposed changes on the security pact.

According to al-Sabah newspaper, a source on condition of anonymity said that the government will receive Washington’s reply this week “without defining a specific date”.

He clarified that there are positive signs on accepting some of the Iraqi proposals. He also said that the government refuses to cession the national principles the committed to since the beginning of the negotiations.

PUKmedia :: English - Home

Kimmitt: Delaying sign of security pact may affect investments in Iraq

Robert M. Kimmitt the U.S. deputy secretary of the Treasury said that delays in signing the security pact with U.S. could make the investors hesitate in investing in Iraq in spite of the security improvement there.

“The businessmen tell us that they are observing the negotiations while setting the general policy of their decisions regarding the investment”, Kimmitt added.

PUKmedia :: English - Kimmitt: Delaying sign of security pact may affect investments in Iraq

The economic importance to recommend Iraq's accession to the WTO

Recommended a final statement to Iraqi dialogue conference - U.S. investment, the importance of Iraq's accession to the World Trade Organization, at the time agreed to hold an economic conference expanded in the country during the first half of next year.

At the conclusion of the conference on Monday, the importance of removing obstacles to foreign investment and private sector development, in addition to the need to establish legislation that makes the Iraqi economy is moving towards a free market. The conference was attended by a large number of Iraqi and U.S. officials, experts and specialists economy and investment.

The final statement said: The Iraqi dialogue - the U.S. gave the opportunity for senior officials to put their experiences in the investment market of Iraq, and propose the most important steps scientific overcome difficulties and obstacles, and make the country a center for attracting capital, Iraqi and foreign investment and businesses.

It pointed out that the Iraqi side confirmed The importance of removing obstacles to investment and private sector development such as the adoption of necessary legislation and remove all legal and administrative obstacles and other difficulties that will impede the work of the private sector and foreign companies to conduct business investment in Iraq. He recommended the two parties (the Iraqi and American) for the full implementation of the investment law of 2006, one of the priorities of work National Commission for investment, which is supported by the Iraqi authorities and local federal, pointing out that Iraq's accession to the WTO is a step for the integration of the President of the integration of Iraq into the global economy and adaptation measures with full trade and international investment.

The two sides agreed to continue bilateral dialogues in the area of economic cooperation as a way to support a prosperous economy in Iraq and to promote cooperation between the two countries, advertisers reach a formula that expanded economic conference held during the first half of next year in the country.

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The features of tomorrow's economic vision

The presence of a crowd of academics and those involved in the economic table conference in the long-term institution that has been popularized in a charged atmosphere of dialogue optimism for the future of the Iraqi economy despite the repercussions of the global financial crisis, which pulled the price of oil is scary .. Large crowd of academics and those involved in the economic aspect, who attended the table did not hide his fear of economic decline in oil prices more in spite of expectations based on accounts linked to economic studies of the reality of crisis and stagnation with the legacy of exploring the reality of the oil market

Referring to the price within the range of (60) dollars a barrel in the coming stage appearance by Matoukah Dr. Mohamed Salih, adviser to the Central Bank of Iraq, which reviewed his vision for the future of monetary policy on the impact of high Baalmip repercussions of the crisis, which has proved attendance and testimony of the professors at the Center for Mustansiriya Mustansiriya University with some of the Baghdad University professors and bankers who attended the talk shows ..

The policy of the Central Bank of Iraq paying off and it shifts the relative impact of the repercussions of the global financial crisis .. Despite the intensification of debates and differences in views, but our dialogue Regarding the monetary policy, was able to reveal much of what was absent - even on the minds of academics in regard cash - is calculated in all humility to the table, which had been overlooked by the extrapolation of the investment policy also Following the repercussions of the global financial crisis ..

Was representative of the National Authority for Investment to introduce the present to see the national investment in this regard and quite frankly, pointing out the obstacles to the creation of the investment climate in the forefront of these constraints that hinder the scourge of corruption, administrative procedures as the bureaucratic practices in the joints institutional..

Showing the vision of the future in the work of the Commission .. In spite of boycotting the views of some experts and workers in the private sector or by businessmen who attended the seminar, but this intersection in the vision to create an atmosphere of convergence of ideas, which helped to clarify the features of tomorrow's economic vision that was intended to be more Growth than it is now, despite the repercussions of the crisis, by focusing on the development of scientific programs with no omission of the possibility of lower oil prices significantly .. What ended our table is classified within a box the discussions on the global financial crisis and the as, it was a serious attempt to read what tomorrow holds transnational economic hit of the ideas of a good selection of academics, experts and businessmen on the table long.

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Maliki: World Bank objected to increase in salaries of Iraqi personnel & Iraq to persuade him to change his position

The Prime Minister Nuri al-Maliki that the World Bank threatened Iraq claims downing of debt that the Paris Club on Iraq, amounting to 80 billion dollars, if Iraq had increased the salaries of staff without the match by raising fuel prices.

Maliki said that Iraq was able to convince the World Bank to change its position, saying in a meeting with tribal leaders in Baghdad said: "We objected to the World Bank when we raised the salaries of staff, the bank told us we will you debt, if not to raise fuel prices, after recent attempts that These allow you to salary decisions, but must be two "

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Papin: fear of economic problems in absence of speedy signing of the Convention security

The Planning Minister Ali Baban Ghalib, on Sunday, he did not expect that a large budget deficit for next year 2009, noting at the same time, fears of economic problems in the event of delay in convening the Security Agreement with Washington.

Papin said in an interview with "Uzmatik" on Sunday, that "the Iraqi funds in the treasury of the current year 2008, which was destined for the supplementary budget for this year, will be transferred to next year 2009 because it did not happen, the lack of sufficient time for the implementation of projects allocated to them."

Baban said that "Iraq will not therefore be a great financial next year and, if obtained, it would be the end of next year," pointing out that "if global oil prices fell to below the current price we will be the obvious difficulties in financing the budget" He said.

The price of oil registered a big rise in the beginning of the year 2008 and exceeded the $ 150 per barrel in September last, but prices quickly fell dramatically after that until the price of a barrel of Brent crude in New York to less than $ 65.

Meanwhile, the planning minister said that "Iraq to expedite the signing of the agreement with the United States security," adding that "We fear the consequences of political and security impact on the economic side in the event of delay in the conclusion of the convention security."

He Baban that "there are funds and Iraqi assets abroad, which belongs to the Iraqis, can not compromise in any way, and this is the economic dimension, which must inform the Iraqi public opinion was," adding that "this issue is the most important reasons for my frank For the convening of this Convention "as he put it.

The Minister of Planning that "no objection to the deal to improve conditions for Iraqis, but we clear that the conclusion of this agreement in a short time to close the door on any developments or any calculated negative developments associated with failure to sign the Convention," he said.

The number of Iraqi officials, including President Jalal Talabani warned that "failure to reach positive results on the Iraqi-American Convention, is not good for Iraq, because it could endanger the confiscation of Iraqi oil to the view of the risk of lifting his immunity."

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Talabani: You cannot U.S. troops stay in Kurdistan without consent of Iraqi government

Iraqi President Jalal Talabani on Sunday night, it was possible that U.S. troops should stay in Kurdistan without the consent of the Iraqi government, indicating at the same time that Iraq still has time to sign a security agreement with the United States.

Talabani said in an interview with the semi-official Al-Iraqiya, late today, Sunday, that "can not survive U.S. forces in the region of Kurdistan without the consent of the Iraqi government", noting that "Kurdistan is part of Iraq, the applicable laws and regulations that apply to the Constitutional other The land of Iraq. "

The head of the Kurdistan region Massoud Barzani said yesterday, Saturday, the U.S. media, the Kurdistan region would agree to the survival of U.S. forces in the province if parliament approved Kurdistan and the Kurdish people to the survival of those forces.

Talabani said, speaking about the possibility of approval of the security agreement between Iraq and the United States, "the Iraqi negotiator, was brilliant during the negotiations," adding that the U.S. side "made too many concessions to Iraq in terms of the agreement."

On the current situation between Iraq and the United States after Iraq's request that amendments be held on some terms of the agreement, Talabani said Iraq is awaiting a U.S. response so far, can not expand on details, and received this response.

The Iraqi Cabinet approved last Tuesday, described the amendments as "essential and necessary and appropriate" due to the withdrawal of the draft agreement of U.S. forces from Iraq and its presence as the provisional views and trends of the masses of politics, the Ptslehma to the American side, pending the submission of the final response.

This Convention has sparked heated debate between the popular and political circles of Iraq, while Government officials say the U.S. side made major concessions to reach a final draft of the Convention, in the opinion of politicians that it contains items affecting the sovereignty and independence of Iraq

And the positive aspects of the Convention for security to Iraq, Talabani said that the most prominent of these aspects, "is to determine the date for the withdrawal of U.S. troops and restoring Iraq's sovereignty, through the receipt of the security forces to control the airspace and security," indicating that Iraq "still has some time to sign the Convention Security ", expressing confidence that" Iraqis will make their decisions through national consensus "

Talabani justified the delay in the commencement of negotiations on the Convention, Talabani said: "The estimate is correct, the right of the importance of the Convention, one of the main reasons for the late start of negotiations, in addition to the concern of many in Iraq are important in time past."

On the international position of the security agreement, Talabani said that the agreement is widely accepted, and that the EU "supports the convening of the Convention", as well as "The acceptance by the United States of a large number of amendments to the Convention, confirmed that negotiations on its way to success."

Talabani added that the agreement will be "Li parliament after approval by the government and parliament's approval means the agreement of the Iraqi people who elected members of parliament," he said, adding that the position of religious authorities "clear the question of support for the agreement would preserve the sovereignty of Iraq and authorities do not interfere in the details, but only things Basic truths and national. "

The Prime Minister Nuri al-Maliki said after his recent visit to the op-Sistani in Najaf that the Shiite Supreme entrusted parliament to take action with the American Convention security rejection or acceptance, however, Sistani's office issued a statement last Wednesday saying that the reference "stresses not to prejudice the sovereignty of Iraq, It was following closely the developments so clear final agreement. "

Talabani said, referring to a U.S. raid on a Syrian Abu Kamal region bordering Iraq, "Iraq does not assume responsibility for the operation, it still does not have sovereignty, overshadowed by the shot, and I (and talk to the president) do not have the right to block any Iraqi arrest unless Sign the Convention and regain sovereignty and full independence. "

The U.S. military helicopters, raided last Sunday Albuqmal area near the Syrian border with Iraq, killing eight people, and justified the U.S. forces that motivated the raid was targeting a senior al-Qaeda is the introduction of foreign militants into Iraq after the "failed" Syria To take action against him, in Damascus, described the raid as "terrorist attack" threatened to retaliate in the event of recurrence

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Not to sound like a Killjoy, but more and more it sounds like the dinar isn't going to be rising any time soon. What do you all think?

Well, at the moment there are an awful lot of articles talking about a lop. We shall see. I think something will happen one way or another between Christmas and March of next year. Although probably sooner rather than later.