Thread: Archive News - Iraqi Dinar Think Tank - 08/09/09 - 09/01/10

Investment Authority welcomes the amendments that parliament is seeking to be entered on the investment law

Welcomed the supreme body of the investment, which seeks amendments to the House of Representatives amendments to the investment law, which will allow foreign companies Ptmlik land in Iraq.

The President of the Sami al-Araji in a press statement that the amendments will help to encourage foreign investment in the housing sector, which needs to be about $ 200 billion.

It is noteworthy that Iraq, despite the improving security situation in many provinces but that the demand by foreign investors is still very weak, and specialists attribute this to the lack of legislative incentives to ensure the safety of capital invested in the country.

http://209.85.229.132/translate_c?hl...5QWxcMGlIM-XPQ

Sunaid confirms that the election law will be a priority in the coming parliamentary sessions

MP for the Alliance that the efforts of Hasan al-Alaniabeyen conduct in the future will go to pass the new electoral law which the controversy going on between the various parliamentary blocs.

Sunaid said that the completion of the draft electoral law and overcome the return to the old law would be a major achievement, pointing to the existence of laws that small perhaps the Council can be passed during the legislative year.

Separately noted Sunaid leadership in the Islamic Dawa party that the coalition of the rule of law, led by Prime Minister Nuri al-Maliki will keep the door open for the forces and parties that are consistent with the objectives and programs of the election.

http://www.radiodijla.com/cgi-bin/ne...?id=2009-09-23

Expectations of higher quantities of Iraqi oil to Jordan

Informed sources said the volume of Iraqi crude oil received by Jordan since the twenty-fifth from last September until Monday, has amounted to about 3,5 million barrels, the rate of 10 thousand barrels per day transmitted by 42 tankers.

The newspaper quoted the Jordanian Constitution of the Director-General of the "Alveabat of transportation," giving effect to the transfer of oil from Iraq Nael Alveabat saying that the flow of oil from Iraq to Saudi brother, is continuing, according to the agreement signed between the Governments of the two countries.

He added that the amount of oil up to the kingdom in succession by 10 thousand barrels per day, through more than 42 tankers per day, indicating that the transport and unloading moving easily and smoothly, and the stability of the security situation inside the Iraqi territory, helped in facilitating all procedures, where The Iraqi tankers unloading cargo in the border region shared by Jordanian tanks, which in turn transport of oil to the headquarters of Zarqa refinery.

Alveabat expected to be the current increase in the volume of 10 thousand barrels per day to 15 thousand barrels early next month, without giving further details.

Under the agreement, which was renewed between the two countries to extend the memorandum of understanding signed between the two sides in the fifteenth of August 2006 for a period of three years from the twelfth of June, and Jordan on the processing of a portion of the needs of Iraqi crude oil (Kirkuk).

In the light of follow-ups with the Iraqi side and after the extension of the note, the Iraqi side agreed to increase the amount of rebate on the oil of Kirkuk crude to be sold to Jordan to be by $ 22 a barrel instead of $ 18 - barrel of Brent crude oil price - to be download from the area facilities Baiji, or facilities of Kirkuk.

The note processing of Jordan with 10 thousand barrels per day, equivalent to 10% of the daily needs of crude oil, which contacts are to be increased to 30 thousand barrels per day, a suitable amount of mixing this type of oil with the oil currently used in oil refinery.

Globally, the price of U.S. crude oil futures more than a dollar to 70.71 dollars a barrel on Tuesday, up to $ 1,08 on the settlement price yesterday.

It also increased the price of benchmark Brent crude Union more than a dollar to 69.77 dollars a barrel due to renewed concerns about the continued weak demand for energy.

http://www.ipairaq.com/index.php?nam...onomy&id=15678

Oil may extend the period of negotiations with the "Shell" to establish an investment company gas in Basra

Spokesman of the Ministry of Oil, on Tuesday, said the ministry may extend the period of negotiations with Shell to establish an investment company associated gas produced from oil fields of the province of Basra, which began in September, last year, until they reached an agreement guaranteeing the rights of all parties for investment optimization.

He said Asim Jihad told (Voices of Iraq) that "negotiations are still continuing with Shell, which was signed with the agreement of principles in September, last year to establish a company comprised of Iraq, which hold a stake of 51%, representing the Southern Oil Company, in addition to Shell and Misibouche, "adding that" a company to be created will have positive results on the Iraqi economy, which will provide large quantities of gas to power plants, petrochemical plants, liquid gas for domestic use as well as export the surplus abroad."

On the delay in reaching agreement on the company explained that the project Jihad "is too huge and needs to build a sound foundation to reach an agreement that would guarantee the rights of all parties to obtain the optimal investment," adding that "consultations are continuing until reaching a final agreement formula in terms of technical and financial aspects, legal and when completion of those requirements, the ministry will announce it, "noting that" the period of negotiations agreed upon a year of the date of signing the Agreement on Principles, nearing completion, and may be extended for a further period."

The Ministry of Petroleum and in September signed an agreement of principles in September 2008 with Shell International, which established the conditions to establish a preliminary joint venture to invest in gas associated with oil produced from the fields of the province of Basra in southern Iraq.

In the case of adoption of these conditions, the South Gas Company will own the majority of shares by 51% in the joint venture, while Shell will own 44% and Mitsubishi 5%. The company will collect and joint development of gas processing and associated crude which is produced in Basra, and then sell the natural gas processor with associated products such as condensate and liquefied petroleum gas for use in local markets and export to world markets.

http://ar.aswataliraq.info/?p=170169

Update........

Parliament to discuss pending laws after Eid

Iraq’s Parliament will set as priority discussions over electoral, oil, gas and retirement laws in Parliament’s upcoming sessions to be held after the Eid holidays, media manager of Parliament Speaker Omar Al Mashhadani said.

The Parliament insists on legislating the retirement law in order to provide higher incomes to retired people, Al Mashhadani clarified. It will consider as well journalists protection law, he added.

Iraq’s Parliament failed to hold a session before the Eid holidays for quorum was not met.

http://www.alsumaria.tv/en/Iraq-News...after-Eid.html

Talabani: Iraq to ask help of UN

Before heading to the United States, Iraqi President Jalal Talabani announced that Iraq will call upon the United Nations to help it in the inquiry of Baghdad’s last month recent bombings and to lift sanctions off the country.

In response to a question over Iraq’s demand to establish a former tribunal, President Talabani told AFP that “the tribunal will be part of our discussions, because the August 19 attacks are considered to be war crimes and crimes against humanity. We will ask for the United Nations to help us.”

Kurdish regional vice president Kosrat Rasul affirmed that Iraq would call at the assembly for its war reparations to be cancelled and debts to be scrapped in addition to its removal from UN Charter Chapter VII.

Iraqi President left Al Sulaymaniyah International Airport on Tuesday morning for the United States to attend the United Nations General Assembly 64th session meetings where he will deliver Iraq’s address.

President Talabani is scheduled to meet with a number of Presidents and senior officials participating in the meetings, a statement by Iraqi presidency said.

Talabani will attend as well the Socialist International Conference in New York in his quality of deputy head of the Socialist International, the statement added.

After attending the scheduled meetings and conference, Iraqi President will undergo a surgery in his left knee at the Mayo Clinic hospital, it noted.

http://www.alsumaria.tv/en/Iraq-News...elp-of-UN.html

Delay adoption of the Law of the Iraqi elections may lead to delayed

Approached the Iraqi elections early next year have not been voting on a new electoral law in parliament is seeking to exploit the rest of his legislative term of the vote on the bill after recess and the beginning of new chapter end of the month, MP Hasan al-Alaniabeyen that efforts to conduct in the next will go to pass the new electoral law which the controversy going on between the various parliamentary blocs.

Sunaid said that the completion of the draft electoral law and overcome the return to the old law would be a major achievement, pointing to the existence of laws that small perhaps the Council can be passed during the legislative year. Separately noted Sunaid leadership in the Islamic Dawa party that the coalition of the rule of law, led by Prime Minister Nuri al-Maliki will keep the door open for the forces and parties that are consistent with the objectives and programs of the election.

For his part, said decision of the House of Representatives and the representative of Alliance bloc, Mohammed Mahdi al-Bayati said the Electoral Commission for elections may initiate a request to defer the general parliamentary elections in the event did not reach the Council to enact a law to hold elections in the deadline it is October 15 next."

He pointed out that Al-Bayati There is likely an option to postpone parliamentary elections for the month less Recognitions behind schedule, adding that the UNHCR did not initiate until now printed papers for the elections being waiting for the law and the type of electoral system is a system that you list is open or closed and thus determine the form of a paper ballots. He added that Al-Bayati The House of Representatives, so far unable to Abjad solution to the issue of Kirkuk, which delayed the election law did not reach the statutory committees and heads of political blocs and the Presidency of the Council of Representatives a formula conducive to enact a law for the elections, adding that the issue of Kirkuk is the largest of Maitsourh some may need to solve the decision national and not at the level of committees or the heads of political blocs.

As part of preparations for the elections, said a member of the provincial council in Kirkuk, Turkmen from the list, Hassan Toran, dialogues and meetings are continuing between the parties and Turkmen political forces to form alliances and new lists to participate in the upcoming parliamentary elections. He added that the Turan Turkmen have a clear policy in this election is to access the largest possible number of the Turkmen parliament and then form a strong parliamentary bloc Turkmen, adding that the Turkmen are considered the next parliamentary elections are very important for them to show their presence in the political landscape has been confirmed in all elections previous attachment to the political process and their determination to participate in all elections held in Iraq.

In the same context, he stressed the leadership of the Islamic Party MP Salim al-that the withdrawal of a number of members The party and joining the list of Tariq al-Hashemi will not affect the work of the party and his.

The number of members the last of whom was MP Omar Karbouli Announced their withdrawal from the Islamic Party and joining the list formed by the Vice-renewal Prime Minister Tareq al-Hashemi. Jibouri said Karbouli had withdrawn from the party some time ago and not now, stressing That the party will not be affected by these withdrawals because it depends on the presence of public and not on the Leaders or individuals. He expressed the belief that these withdrawals related to Change in the leadership of the party's recent.

In terms of the restructuring of the Accordance Front, said Jubouri MILF has been engaged in negotiations with several components of the political blocs, and no Rule out that the MILF's intervention in alliances and understandings with the large blocs, both before the election Or after.

And likely to continue Jubouri components in the current compatibility Alliance within the framework of the front in addition to the accession of other components will be announced Later. And form a coalition within the Accordance Front, the party now consists of Islamic, national and the Future Movement, and National Alliance for the people of Iraq, in addition to a number of Independents.

http://209.85.229.132/translate_c?hl...J6k9VABUjfeYdQ

Kuwait FM discusses with UN official International Iraq Compact

UNITED NATIONS -- Kuwaiti Deputy Prime Minister and Minister of Foreign Affairs Sheikh Dr. Mohammad Sabah Al-salem Al-Sabah on Tuesday met with Ibrahim Gambari, the UN Special Adviser on the International Compact with Iraq, on the efforts made so far and the next steps ahead.

In a statement to KUNA and Kuwait TV following the "good" meeting, and in answer to KUNA questions, Gambari said both officials had identical views on the "need to maintain the interest in the Compact but to recalibrate it to take account of the change of realities," in reference to the new security environment, including the US withdrawal from Iraq.

He said "perhaps we should have a meeting of the Baghdad Coordinating Group sometime in early November, then wait for major steps after the elections in Iraq." Asked what the next steps would be, Gambari said to "recalibrate the Compact, stressing Iraq for reintegration with the neighbouring countries and the international community, also stressing trade and investment, the environment, all governance issues, economic reform and national reconciliation. That's the way we seem to be going."

On whether Iraq has progressed enough to deserve to join the international fold, Gambari said "my charge is really essentially the Compact, which is more both political and economic and I think, neighbouring countries value this framework and will try to continue." Pressed further on whether Iraq is now politically and economically sound, Gambari said "we have to keep working on what unites, rather than on what divides."

http://www.zawya.com/Story.cfm/sidZA...Iraq%20Compact

Central Bank of Iraq to resume its auction of $ 117 million

Resumed the Iraqi Central Bank Thursday meetings of the daily auction for the sale of foreign currency and the dollar level of demand for sales of the dollar hit 117 مليون and $ 150 thousand a fixed exchange rate was 1170 dinars per dollar.

This was announced by the central bank's bulletin obtained, A copy of which he explained that the total sales of the bank Alkali distributed 4 million to 500 thousand dollars in cash transactions Kick in cash and bank at a fixed rate of exchange was 1183 Dinars per dollar, including a $ 13 commission for the bank dinars per dollar.

And the amounts transferred out of Iraq, 112 مليون and a 650 thousand dollar Around the bank in cash and fixed price convertible amounted to 1173 dinars per dollar, including bank commission of $ 3 dinars per dollar.

Banks did not make The 11 participating in the auction, any offers to buy the dollar, knowing that the bank earns a commission of (13) dinars per dollar with a discount (8) dinars per dollar on the amounts purchased.

http://translate.googleusercontent.c...wi_22Y830wkUeA

Economic Commission calls for reform of the ration card system & directed to the poorest

Committee called for the reform of the parliamentary economic ration-card system and directed to the poorer classes, and three axes is the decentralization of the distribution and re-examine the quantity and quality of materials and identify the target population.

She is full of Baldawi member of the Committee in a press statement that it is important to reform the system of ration cards which came into force for certain reasons no longer exist, and it was not possible to keep the program forever.

The Baldawi that the process of reform of the ration card must be carried out by directing them to the poorer classes in Iraq by taking into account data of the poverty report which highlighted that 23% of Iraqis live below the poverty line.

http://translate.googleusercontent.c...Cer4cpv6crZgkg