Iraq provides Jordan with oil at a price below 18 dollars
Iraq provides Jordan with oil at a price below 18 dollars
(Voice of Iraq) - 12-22-2006
Iraq provides Jordan with oil at a price below 18 dollars on the price of the World A Amman. P. B : said Minister of Energy and Mineral Wealth Jordanian Khaled Al, that Iraq will be submitted to Jordan oil at a preferential price less 18 per barrel on the world price.
The newspaper «» of Al-Ghad as saying that «Iraq will be oil to the Kingdom under the import signed by the two sides recently, at a preferential price below 18 dollars a barrel on the price of the World». ,
The two countries have signed a memorandum of understanding in the field of crude oil supply Iraq provides Jordan with between ten and thirty% of its daily needs of crude oil, which is estimated at about one hundred thousand barrels.
Sotaliraq.com
Al-Sadr set to rejoin government
Al-Sadr set to rejoin government
22 December 2006 (Aljazeera)
Muqtada al-Sadr boycotted the Iraqi government after Nouri al-Maliki (picture), the Iraqi premier, met George Bush
Muqtada al-Sadr, the Iraqi Shia cleric, has agreed to allow his supporters to rejoin the Iraqi government after a three-week boycott.
The cleric pulled out of the government three weeks ago to protest against the Iraqi prime minister's meeting with George Bush, the US President, officials close to the militia leader said late on Thursday.
"The main [United Iraqi] Alliance forces and the al-Sadr movement have agreed to solve the problems and overcome the obstacles," said Abdul Karim al-Anizi, a Shia MP from the Dawa faction.
"Within two days, the al-Sadr movement will return to the government and parliament," he said.
Al-Sadr loyalists walked out of their positions in parliament and the cabinet after Nouri al-Maliki, the Iraqi prime minister, met Bush in Jordan three weeks ago.
Two figures in al-Sadr's movement, an aide to the cleric and a member of Iraq's parliament, also said the cleric had agreed to allow his followers to rejoin the government.
"We will rejoin the government and the parliament very soon," the parliament member said, speaking on condition of anonymity because of the sensitivity of ongoing meetings.
"We have some guarantees during our meeting today," he said.
On Thursday, al-Sadr's loyalists met with members of the Shia bloc, and laid out their demands for returning to the government, the official said.
Al-Sadr set to rejoin government | Iraq Updates
41 billion dollars, the volume of the budget for 2007
41 billion dollars, the volume of the budget for 2007
22 December 2006 (Iraq Directory)
Iraqi Minister of Finance, Baqer Jabr Al-Zubaydi, announced that "No change in the 2007 budget, which is fixed at 41 billion dollars", but he indicated "transfers and distributions will be made so that the new budget will cover all sectors of the Iraqi people to avoid the mistakes that happened in last year's budget, and the confusion that happened in the implementation of investment projects".
After the economic committee meeting under the chairmanship of Vice-President Adel Abdel Mahdi, the Iraqi minister revealed that "new conditions are put to punish the parties who fall behind in the implementation, then withdraw the funds that have not been spent and convert them to the implementation of large projects in the country".
Regarding the amendments to the salaries of governmental employees at the beginning of next year, Azzubaidi announced: "400 million dollars have been allocated to make the necessary adjustments to the salaries of the employees. The increases would range between 50 and 70%, and each employee will get the increase he deserves, starting from the beginning of next January".
Azzubaidi pointed out that 2007budget "will be set at the rate of 1260 dinar to the dollar and 50 dollars per barrel of oil with the production of 1.7 million barrels a day". He explained that the Iraqi Central Bank "started raising interest rates from 12 to 16% now", pointing out that there are no immediate plans to continue raising interest rates.
He explained that the aim of raising interest rates is "to strengthen the Iraqi dinar, and curb the inflation of 56% now, as well as strengthening the confidence of Iraqis in the local currency".
41 billion dollars, the volume of the budget for 2007 | Iraq Updates
Look at that raise of salaries, which will increase inflation on the mid-term I thought as they have done it before they know it.
Curbing the inflation of 56% (we also read 70% or more).
And that all with a wonderfull dinar rate of 1260!!
Personally I think this is all BS! :fryingpan :fryingpan
We know now that CBI will increase the dinar to 1260 in the last few auctions!
I am very curious to see the rate with their new business year/fiscal year, if it is
still 1260 or perhaps with a nice RV!