Thread: Archive News - Iraqi Dinar Think Tank - 22/06/2010 - 04/10/2010

Vice President Adel Abdul-Mahdi receives the Governor of Central Bank

Deputy Chairman of the candidate of the National Coalition for the presidency of the Council of Ministers, Mr. Adel Abdul Mahdi, on Thursday morning 09/30/2010 Dr. Shabibi Iraqi Central Bank Governor.

During the meeting, discuss matters and issues relating to the Iraqi banking system and the efforts made by the Central Bank of Iraq to develop the performance and effectiveness of national banks in order to achieve the country's real breakthrough in this area.

http://nahrain.com/d/news/10/09/100930ab.htm

Privatisation Opportunities to Continue in Iraq

One striking characteristic of business in Iraq is the extent of state-ownership of enterprise and assets. Mudher Kasim, a senior advisor to Iraq’s Central Bank, claimed that “the problem in Iraq is that 90 percent of the wealth of the nation is in the hands of the government. So centralism always dominates the mindset everywhere”.

Last week an economist argued that the “best solution for the return of Iraq’s industrial activity” is to privatise all companies affiliated with the Ministry of Industry, and adjust the prices of their products to compete with imported products from industrial countries.

It is surely a coincidence that within days the Deputy Minister for Industry announced a plan to divest the Ministry of the 250 production facilities it currently owns, starting with “joint strategic partnerships on a 15-year production-sharing basis” for several businesses in the cement, petrochemical, steel and pharmaceutical sectors.

http://www.iraq-businessnews.com/201...tinue-in-iraq/

World Bank: Iraq unable to achieve its development objectives

The World Bank announced that all countries in the Middle East and North Africa with the exception of Yemen, Djibouti, Iraq, will meet most of the Millennium Development Goals or fail to so narrowly.

The report said the bank posted on its website entitled "Millennium Development Goals in the Middle East and North Africa" that the Middle East and North Africa has made strides significantly improve the quality of health care, education and standard of living for its population, but the countries of the region face a number of challenges, including social and economic gaps Between rich and poor and high unemployment rate among young people and the continuing differences between the sexes.

The World Bank report to the Millennium Development Goals adopted by world leaders in 2000 and is required to achieve by 2015 are the objectives of global and local situation of each country to suit the specific development needs.

The report considers that these objectives are more specific development goals and comprehensive agreed upon by the world in its history and objectives that received more support in general.

And allowing eight goals associated with the time factor "2015" reference levels of concrete and numerical to deal with the issue of extreme poverty in many dimensions, which include goals and targets on income poverty, hunger and death of mothers and children, disease, and shelter is not appropriate and gender inequality, environmental degradation and global partnership for development.

http://www.wasatonline.com/index.php...7-31&Itemid=93

Group of the European Nabucco expects to be the first supplies of gas to Europe from Iraq

Nabucco, the European Iraq is the more realistic potential partners to be a link to the supply of natural gas in the project to transfer gas from the Caspian Sea to Europe.

The director of corporate affairs in Iraq Nabucco larger and less dependent on Russia from Turkmenistan or Azerbaijan, but this is expected to come first supplies of gas from Iraq.

The official said the company in a statement given to reporters in Bucharest today that initial supplies of Iraq has up to ten billion cubic meters.

He explained that the company is in preliminary negotiations with the Iraqi Oil Ministry by RWE, the German participation in the project.

It is supposed to begin work in the construction of the carrier gas after the announcement of the World Bank and European Bank for Reconstruction and Development, European Investment Bank on funding and approval in the second half of next year.

The agreement between the KRG and the German company to export natural gas from fields in the region to Europe across the line of NAPCO has led to disagreements with the Ministry of oil due to its objection to the legal agreement.

http://www.ipairaq.com/index.php?nam...onomy&id=30851

Political analyst: most of the political blocs to not wish to take over al-Maliki as prime minister for second term

Said political analyst Nizar Samarrai said most of the political blocs to not wish to assume Nuri al-Maliki as prime minister for a second term, explaining that the Supreme Council insisted not to attend the meeting of the National Alliance to thwart the efforts of al-Maliki for a second term.

http://radionawa.com/ar/NewsDetailN....877&LinkID=158

Chalabi went to Washington to discuss the question of a compromise candidate for prime minister

Sources close to the talks taking place between the political blocs that the President of the Iraqi National Congress and leader of the Iraqi National Coalition, Dr. Ahmad Chalabi, left for Washington on Thursday.

The sources said (of the Agency news) on Thursday: Chalabi went to Washington to discuss the issue of forming a government crisis, as well as the possibility of settlement resolved a candidate.

The sources said that Chalabi had put his name as a compromise candidate to resolve the crisis, did not reveal the sources for more information on the Book of Chalabi, this has put forward the name of the leader of the National Coalition Ahmad Chalabi as a compromise candidate to the Bagrajabr Zubaidi Finance Minister and leader of the Novus Supreme Islamic.

http://www.ikhnews.com/news.php?action=view&id=2547

Nabucco, says Iraqi agreement is the most realistic
A group backed Nabucco gas from the European Union that Iraq is the most realistic partner to supply gas and stepped up pressure on Azerbaijan , saying that Baku should not be lured offers on the basis of high prices, only .....

Dimitar Abadjiev Said corporate affairs manager in Nabucco, told reporters on Thursday on the sidelines of a seminar on energy "Iraq is probably the gas supplier and the most realistic and logical. "

He explained that the company is in preliminary negotiations with the Iraqi Oil Ministry, through a company RWE German participation in the project.

"Iraq is the greatest .. and on the border with Turkey directly. It's easier. which is less dependent on Russia. We have had preliminary talks ... and I'm optimistic."

The aim of the Nabucco pipeline project to transport up to 31 billion cubic meters of gas annually from Iraq and the Caspian region to the center of the gas in Austria through Turkey and Eastern Europe in order to rid Europe of its dependence on Russian gas.

Azerbaijan is locked in talks with more than 20 companies and a consortium will be taken later this year a decision on who will get the gas from the Shah Deniz fields, two giant run by me. BP and Statoil.

Abadjiev said that it expected to receive the first Nabucco gas supply from Iraq, which would amount to ten billion cubic meters in addition to eight billion cubic meters of Shah Deniz in 2015.

http://www.oil.iraqiamedia.com/index...atest&Itemid=1

French company Lafarge Cement Plant receives Karbala to start formally developed

Head of the Economic Committee in the provincial council in Karbala that the French company Lafarge, launched officially on Thursday, the receipt of the responsibility of Karbala Cement Plant has been established to direct the opening ceremony inside the factory to be the first foreign company to invest in the province.

The Tariq Ktevp Kikhany told (Voices of Iraq), "received the French company Lafarge Cement Plant Kerbala, formally took over direct responsibility and became the lab is now under management," adding that "the process of the handover took place during a ceremony held in the lab and was attended by local officials and the Ministry of Industry and French officials".

He pointed out that "the company Lafarge is the first foreign firm to begin their work actively in the province and begin investment projects and that's a good omen for the city to receive other foreign companies which want to invest in the province and that have already signed memoranda of understanding with the local government."

http://radionawa.com/ar/NewsDetailN....839&LinkID=155

Kurdistan: We will participate in forming a government even if it pulled out of Iraq and the Council for higher

denied a member of a coalition Mahmoud Othman, Kurdish blocs reports that the decision of the Kurdistan coalition not to participate in the next government, if not shared by the Supreme Council and the Iraqi List, indicating that the Coalition does not link the fate of other blocs .

On the other hand new Othman call for Washington to intervene to resolve the political stalemate that Iraq is going through now and insisted that the invitation of Foreign Minister Hoshyar Zebari to Washington to intervene to resolve the deadlock that has seen the political process came in his official capacity as Minister for Foreign Affairs of Iraq, was not personal, noting that the coalition of Kurdish blocs has to go The same but it is not official.

Othman explained that the U.S. role could contribute significantly to finding a solution to the current crisis with the political process now, explaining that the U.S. side began to reduce its commitment to Iraq.

http://www.nakhelnews.com/pages/news.php?nid=2450

Iraq invites international companies to reduce gas-fired oil wells

The economic adviser in the Iraqi government ended its mandate today, Thursday, that the Iraqi government seeks to reduce the rate of gas burnt during the process of extracting crude oil through the introduction of specialized international companies.

The chancellor said Salam al-Quraishi, told the Kurdish news agency (Rn), "The government will invite international companies specialized in order to reduce gas-fired during the process of extracting oil from the wells of the country," noting that "Iraq is losing a lot of money because of the rising proportion of gas-fired."

He explained that "there is a tendency in the Iraqi government the need to extract the oil and gas the lowest possible cost to make the most of the oil prices in the building and supporting infrastructure."

Qureshi stressed that "the report of the financial control revealed the loss of access for the Southern Oil Company to about 23 billion Iraqi dinars as a result of the high proportion of gas-fired during the extraction process," noting that "it could be repeated in other oil companies."

The economic adviser to the Iraqi government, "there are problems with significant economic impact of this loss that must be addressed and the development of modern scientific means to prevent it from escalating and continuing."

The report of the Court of Audit has revealed Reserve SOC losses of more than 23 billion Iraqi dinars, pointing out that there was a rise in proportion to the total gas-fired gas producer, which resulted in carrying the company's estimated loss of more than 23 billion dinars.

Iraq produces 2.4 million barrels of oil per day, but these rates are still lower than those of the late eighties before the invasion of Kuwait, while oil accounts for 94 per cent of the country's revenues.

Quraishi said that "it is scientifically appropriate and logical that Iraq remains entirely dependent on the export of oil from the activation of other means such as industry and agriculture to support its economy."

The government approved the outgoing Iraqi yesterday Tuesday, to forward the draft pipeline and construction of floating platforms to export crude oil to the company, "Leighton Offshore" Singapore's $733 million.

Iraq had signed contracts with foreign companies for the development of ten oil fields, which is expected to up production to about 12 million barrels per day within six years.

Iraq has the third oil reserves in the world is estimated at 115 billion barrels after Saudi Arabia and Iran.

http://www.aknews.com/ar/aknews/2/185152/