Thread: Iraq/Dinar News. 09/05 to 01/14/07

Iraq poses a tender for the sale of Kirkuk crude soon
06/01/2007
Source: Translated by IRAQdirectory.com

The Inspector General in the Iraqi Oil Ministry confirmed that the problem of meters used in calculating the oil exported from the ports in the south still exist because of the continuing extensions in implementing the project of maintaining them and the setting of more advanced ones by the American company (Parsons). Ali Mohsen Al-Allaq added that the companies: Parsons and PCO provided a preliminary deadline which was the end of September 2006, but then extended it to the end of the year.

According to the last meeting, the deadline has been extended to the end of March 2007, indicating that after great urgency, work can be advanced one month, i.e. the end of February 2007.

Al-Allaq attributed that to the American side which is financing and supervising this project that includes several phases: beginning with the replacement of 12 meters in one of the docks, the works of cutting and welding pipes including the main opening pipeline size 42 knots, the installation of control valves as well as verification and testing devices in the dock, in addition to treating the problems of corrosion in the pipeline; explaining that in the second dock, five meters will be replaced and 7 others will be checked, maintained and standardized for the purpose of unifying the meters systems and the use of efficient and accurate ones.

As for the methods used currently in the process of exporting oil, Al-Allaq explained that the South Oil Company is using the method of Ullage, which depends on the volumetric measurement of tanks of oil tankers through the tapes included (a ruler) to determine the volume of crude oil loaded, because of the lack of accurate meters in the loading platforms; however, the current method is a scientific one and internationally accepted and used as a substitute for Meter readings in the southern ports at the present time.

Al-Allaq added that the Meters method, which is used in measuring the exported crude oil via the northern outlet (the Turkish Port Ceyhan), is much more accurate than the method of Ullage, explaining that "because of such old methods we adopted the formation of a control committee for strengthening the control over the quantity exported, according to the current Protocol in measuring crude oil".

This committee is formed from: the seller (the Oil Marketing) and the South Oil Company as well as the port administration, also the representative of the buyer (the neutral examiner) and finally, a representative of the carrier or the captain of the ship; each of these members would ratify the documents and bills of loading".

On the other hand, sources said yesterday that Iraq is expected to put a tender, in the next few days, to sell Kirkuk oil, to be the first in months, after the stores in Turkey exceeded four million barrels.

A source in the transportation industry said that Kirkuk crude stocks in the Turkish port of Ceyhan rose to 4.4 million barrels after the resumption of pumping through the pipeline from Iraq in the beginning of January, before it stopped on the third of January, and the stockpile of four million barrels per day is enough for the Iraqi oil marketing company (SOMO) to put a tender for the sale of this quantity.

The industry source said that "the tender will probably be put on Monday to the whole four million barrels".

Exports of Kirkuk crude are intermittent and constantly disrupted by subversive attacks and technical problems most of the time, since the invasion of Iraq that was led by the United States in March 2003.

The source in the transportation industry said that it is expected to resume pumping oil through the pipeline after a problem that was not disclosed and caused its blocking on the third day of January. Iraqi officials said they would resume pumping very soon once the problem is solved.

When the pipeline to Ceyhan is broken down, the only export outlet for Iraqi oil will be through the port of Basrah in the south. Iraq had already put five bids from June to September, during it which sold 6.9 million barrels of Kirkuk oil.

http://www.iraqdirectory.com/DisplayNews.aspx?id=2892

Administrative procedures hinder the export of Iraqi dates
06/01/2007
Source: Translated by IRAQdirectory.com

Dates traders accused the Iraqi Ministry of Commerce, of their loss of competitiveness in exporting their dates because of delaying the issuance of export licenses.

They pointed out that the dates exporting countries, namely: Egypt, Saudi Arabia, Iran, Algeria and Libya, dominated the international market, because they exported their dates on time.

Abbas El Abidi, a dates merchant, said that the ministry identified the mid-October for the issuance of export licenses, but then delayed them more than a month and a half, and this have led to significant losses for dates exporters, and affected the interests of an important economic sector; pointing out that the delays in the issuance of export licenses, made importers turn away from Iraqi dates.

Also merchant, Muhsin Muhammad, said that the worsening security problem in Iraq, plus the government routine, prompted some traders to export limited amounts of dates, although too late, through Dubai outlet, and this added another burden on Iraqi trader by paying new transportation costs. He noted that the markets of Pakistan, India and other Asian nations, in addition to European markets, were permanent markets for Iraqi dates, but the difficult conditions in Iraq, prevented the continuity of exporting to them.

He pointed out that the Iraqi market witnessed a sharp decline in the quantities of domestically produced dates, because of agricultural pests, and the difficulty of providing means to control them permanently.

A researcher at the Palm Research Center in the University of Basra, Abbas Hadi, said that Iraq possessed more than 30 million palm trees till 1980, but the number decreased to 2.7 million because of war and neglect.

Also, Iraq used to export more than 500 tons of dates annually, including 624 kinds of the finest types of dates in the world, and this was one of the important sources of Iraqi economy.

http://www.iraqdirectory.com/DisplayNews.aspx?id=2891

Yesterday morning the exchange rate was around 1262/1264 on menafn.


Wednesday, January 03, 2007 1268.7 IQD
Thursday, January 04, 2007 1264.3 IQD
Friday, January 05, 2007 1272.4 IQD


MENAFN - Middle East North Africa . Financial Network Currency Charts,Currency Update,Money Markets,Analysis,Projection


I am curious what the CBI will do tommorow and what we will see for rate the next 2 days!

Under Sistani's failure : the failure of the government to the line Islamic

(Voice of Iraq) - 06-01-2007
This issue was sent to a friend

A Karbala. P. B : Forensic agent warned the Shi'ah cleric, Grand Ayatollah Ali al-Sistani, during the Friday sermon yesterday, the government of failure, because that would mean the failure of the «line Islamic leadership in the things people». He said Sheikh Abdel Mahdi Alkerblai before thousands of worshipers in kindergarten Husseinieh central Karbala (110 km south of Baghdad) that «the daily suffering of the Iraqis could not continue, and that means a failure Vchelkm line Islamic leadership and management of things people», according to the French Press Agency. He called Alkerblai the government to perform its functions before «» too late. He called «officials remember their responsibilities (...) The advantage of the opportunity before it is too late; the day comes when people lose confidence in you and Stthamlon quite a large part of the responsibility »for that.

Sotaliraq.com

Originally Posted by kiko

[B][COLOR="Blue"]I am curious what the CBI will do tommorow and what we will see for rate the next 2 days!

I believe the CBI said they would hold the 1325 rate until the end of business January 7th. I took that to mean no possible change until Monday's auction. I hope I'm wrong.

Originally Posted by Dinar Cha Ching

I believe the CBI said they would hold the 1325 rate until the end of business January 7th. I took that to mean no possible change until Monday's auction. I hope I'm wrong.

I took it as they would hold the rate till the end of the business day on the
7th, and change it then...maybe before the auction on the 8th. Regardless, it will be interesting to watch the next few auctions.

Resettlement of displaced families in Najaf

(Voice of Iraq) - 06-01-2007
This issue was sent to a friend

Najaf-Fadel Rashad life-06 / 01 / 07 / /

The Civil Administration in Najaf intention to implement a project to provide shelter for families displaced to maintain, as a result of immigration.

He said media source in the provincial capital of the «life» «that the local administration will allocate tracts of land to house the thousands of displaced persons who have been abandoned or escaped from the hot spots in Baghdad and some cities where there is armed clashes and headed to Najaf».

The source confirmed «the formation of three committees to follow up the resettlement of families : the first from property owners, and the second consisting of the reconstruction and ongoing service, and three of the security supervision», «pointing to the allocation of a plot of land in the province to enable it to these families, 100 square meters for each family, but that figure can be increased». Officials said to maintain that the project will be completed next summer.

Sotaliraq.com

Iraq considers Kirkuk tender
Iraq: 3 hours, 36 minutes ago

Iraq is set to issue tenders for crude oil from its northern Kirkuk fields currently held at Turkey's Ceyhan port, reported Reuters. Stocks have climbed above 4m barrels after pumping resumed from January 1-3. It is likely the tender, to be issued by Iraq's oil marketing company Somo, will be for the full amount.

Originally Posted by DayDream

05 January 2007

The presidency of the Chamber of Deputies next Tuesday set a date for the resumption of hearings

From Santa Mikhail
Baghdad - (Voices of Iraq)

Director of Information Office of the President of the Iraqi parliament today, Friday, that the presidency of the Council next Tuesday set a date for the resumption of meetings of the Council.

He said Muhannad Abdul Jabbar in a telephone conversation with the News Agency (Voices of Iraq) Independent today, "the House will be discussed at its next several topics on the agenda, but the most important is to discuss the 2007 budget."

The sessions of the House of Representatives postponed more than once in the past month because of the lack of quorum, forcing the Council to hold consultative meetings deliberative body.

As the meetings had stopped in the past few days because of holiday Eid Al-Adha holiday and travel many members to perform the Hajj.

Cheers!
DayDream

Well, well. It looks like the lazy bums are going to show up for work on Tuesday. I hope enough show up so they can do something.

Maliki : "We will not allow any militia to take up arms instead of the Iraqi army
(To add details of the speech Maliki)
Baghdad - (Voices of Iraq)

The Iraqi prime minister said today, Saturday, in a speech marking the anniversary of the Iraqi army that the Baghdad security plan are ready, and that the Iraqi armed forces is that the implementation of the plan will support and assistance of the multinational forces, said in not allowing any militias to bear arms instead of the Iraqi army.

Nouri Al-Maliki said in a televised speech delivered at the Monument of the Unknown Soldier in Baghdad that "Baghdad security plan prepared after reviewing calculated for the previous plans."
He added : "We will use our armed forces to implement the plan with all its strength and ability."

He went on to say "The multinational forces attribution and support our armed forces, and would ask the assistance of the field commanders of those forces when their need for more of them."
He refused Maliki any reaction might play political parties in the implementation of the plan, and said, "We categorically reject the intervention of political parties in the implementation of the security plan in line with our responsibilities and our interest to the supreme interests of the country."

He added : "Baghdad security plan will provide a haven for outlaws, regardless of their ethnicity or political, as both Sanhasp slackens in implementing orders or acting on political or sectarian backgrounds and face prosecution and legally punished severest punishment."
He said Maliki "according to the plan, the military commander will give all powers to implement the plan for the firm which will oversee it."
He added that "the plan will continue to be implemented until the completion of tasks including full contribute to the strengthening of security and to serve the citizens."

Al-Maliki said, "We will not allow any militia to take up arms instead of the Iraqi army, and we will not allow anyone to carry weapons is not the Iraqi army."
He added that "the government of National Unity attaches great importance Iraqi army is the true guarantee of security and stability."
He continued : "We will not allow any political point of trying to weaken the Iraqi army."

He said "the Iraqi army will not be a tool for attacking Iraq's neighbors as in the past."
He continued, Al-Maliki, saying, "The attempt to weaken the Iraqi army mean delay in the receipt of the security functions, and the task of protecting citizens is one of the duties of the Iraqi army and no quarter."

On the other hand, Al-Maliki said in his speech that "the current year will witness a large-scale campaign to eradicate unemployment through the campaign ages."

He reiterated that "the door is open for participation in the political process, only tarnished their hands the blood of the Iraqi people."

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