Archive for March 26, 2011

Iraq’s oil minister believes his nation can produce 10-12 million barrels of oil a day sometime in the next 5 to 10 years. That would be 5 times the 2.2 million barrels Iraq is producing at present. Those 10-12 million barrels represent more oil than either of the two largest oil producers today– Russia and Saudi Arabia.– can accomplish.

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Warned the Iraqi Central Bank Consultant appearance of Mohammed Saleh of the consequences of flooding the market with goods and imported goods, as well as continued high rates of inflation as a result of the adoption of Iraq largely on oil imports to support the economy.

He suggested that the resort for the central bank to review its monetary policy to ensure the state of economic balance and reduce inflation situation in the country.

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The House was included on the agenda Sunday discuss five important bills after holiday lasted ten days.

Member of the House of the National Alliance: Abbas Hammoud today include read five laws including the law body integrity and infrastructure reconstruction Act. The Agency reported Iraq voices “: the” meeting of five laws include readings and Corporation law and integrity of Iraq and Housing Fund Act law repeal the defunct Revolutionary Command Council resolution 349 of 1991 and dissolved Revolution Command Council Act No. 100 of 1995 “,

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Sinan-economy

Baghdad, March 26 (Rn) – It seems that the popular protests in the cities of Iraq because of poor services was the reason behind the launch of a number of government decisions to reform the service situation in the country.

However, the absence of strategic planning for these reforms to make it ineffective and inadequate, and will have negative repercussions on the economic reality of the country, especially that Iraq today is based on 90% of its oil, according to economists.
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Beirut, 26 March (Rn) – saw an economic analyst for the Lebanese, on Saturday, that what is happening movements in some Arab countries have negative effects on the regimes, but are in favor of the poor in the long term, also affect positively on the oil-producing countries through rise in fiscal revenue due to higher oil prices.

Said Dr. Ghaleb Abu Musleh told the Kurdish news agency (Rn) that “what is happening in the Arab countries of the revolutions and movements have a negative impact on the economies of countries, but it reflects the positive effects on oil-producing countries that are not volatile.”

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With low levels of violence in the country this year and last year the form of a sign to leave him on the situation in the country and in particular, and his economic situation, and that fell bombings, collapsed terrorist organizations in front of the Iraqi security forces even reflected in the Iraqi economy, which suffered greatly during the past years.

In the absence of neck thrive, as Marafo the “capital is a coward” should enhance the security situation in the country to stimulate the foreign companies operating In all the terms of reference for work in Iraq and started this company a year ago to enter the Iraqi market through Alqata oil that despite of the instability of C at the security situation in percent, but the dozens of foreign companies operating in the area participated in the oil licensing rounds hosted by the Iraqi Ministry of Oil for the production and exploitation of oil in Iraq.

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map of Kuwait (CIA)

Iraq-Kuwait Border

  • Iraq move to expand its port maritime
  • Tomorrow .. The commencement of the Joint Ministerial Committee between Iraq and Kuwait

At the time said Undersecretary of the Ministry of Foreign Affairs, however, Abawi said the Joint Ministerial Commission between Iraq and Kuwait to resolve all outstanding issues between the two countries will begin their work tomorrow, sources revealed on the movements of Iraq to expand the port’s maritime country on the Persian Gulf.

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Erbil, March 26 (AKnews)- Media and relation secretary of Erbil governorate said this week the food ration compensation will be issued to the residents in the province.

Some 15,000 Iraqi Dinars (IQD)- almost $12 will be issued per capita. This follows an order by the Iraqi Prime Minister Nouri al-Maliki early 2011 to compensate the Iraqi citizens for the shortcomings and the low quality of the items distributed to the public under the food ration program.

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Iraqi currency, MONEY, Para, iraq money

Baghdad, 26 March (Rn) – The Central Bank of Iraq adviser, on Saturday, the bank select the $ 250 billion Iraqi dinars as a minimum for the establishment of private banks in the country.

He said the appearance of Mohammed Saleh told the Kurdish news agency (Rn) that “the Central Bank of Iraq select 250 billion Iraqi dinars capital companies that want to establish private banks in the country given half after getting the final license by the Central Bank.”

And the central bank of Iraq in the last month that he would give the number of licenses to establish private banks, stressing that the increase in banks will enhance the economic role of the country.
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BAGHDAD (Iba) .. Confirmed member of the Commission on oil and energy and natural resources in Parliament MP Saad Susan that will vote on Sunday on the first legal Crathma Committee previously.

Al-Saad said in a statement received by the independent press (Iba) a copy of the committee will be legal abolition

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Baghdad, 27 March (Rn) – A member of the National Alliance, on Saturday, that the House of Representatives will discuss the laws of the oil at tomorrow’s meeting, noting that the Council may discuss the names of candidates, security bags no later than the week.

He said Furat al-Shara told the Kurdish news agency (Rn), “The House of Representatives will discuss in tomorrow’s meeting laws of the oil the first law Ahdab oil field, and the other law-line strategic carrier gas to Turkey,” noting that “the agenda is fixed may arise upon amendments even during the decade of meeting of the Council of Representatives. “

He explained that “display the names of candidates on the baggage security will be the House of Representatives this week,” adding that “quasi-political blocs agreed on the names of some candidates.”

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BAGHDAD / Aswat al-Iraq – The National Council for Strategic Policies (ICSP) is expected to be abolished after al-Iraqiya Coalition’s concession, Legislature from the National Coalition, Batoul Farouq said on Saturday.

“The NCSP had been proposed by al-Iraqiya Coalition, but when it had announced its concession, this means that things would go into this direction, and I don’t think the National Coalition would form the NCSP and assign its leadership to another bloc,” Farouq told Aswat al-Iraq news agency.

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Arbil, March 26 (AKnews) – The Iraqi prime minister, on Saturday, said the ministers of candidates to take over the security ministries will be brought before the House of Representatives to vote on them next week as the deadline and definitively, belying the accusations of secret prisons to the Iraqi government as well as information on the supervision on Brigade The military security tasks outside the framework of the armed forces.

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3/26/2011 10:37 AM

BAGHDAD / Aswat al-Iraq – The Iraqi Parliament has decided to discuss 12 laws, including oil production, leading officials salaries and the Iraqi Journalists Protection, in its sessions on Sunday and Tuesday, the semi-official al-Sabah newspaper reported on Saturday.

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World Trade WT/ACC/1

24 March 1995

(95-0651)

ACCESSION TO THE WORLD TRADE ORGANIZATION – Procedures for Negotiations under Article XII

Note by the Secretariat General

1.         In accordance with Article XII of the Marrakesh Agreement Establishing the World Trade Organization (WTO Agreement), a State or a separate customs territory possessing full autonomy in the conduct of its external commercial relations and of the matters provided for in the WTO Agreement and the Multilateral Trade Agreements (MTAs) annexed thereto may accede to the WTO on terms to be agreed between such State or separate customs territory and the Members of the WTO.  Such accession shall apply to the WTO Agreement and the MTAs.  Accession to a Plurilateral Trade Agreement annexed to the WTO Agreement shall be governed by the provisions of that Plurilateral Trade Agreement. (more…)

Baghdad (news) .. source revealed to the sphere of decision-making within the alliance that the heads of the national components of the Alliance will meet on Saturday morning at the House of Representatives to expedite Pettmsip one of the five figures of the Ministry of the Interior.

And put on the table of negotiations, the National Alliance are the names of five (Mohsen Al-Kaabi, Abboudj Qanbar, Farouk al-Araji, Ibrahim al-Lami, Ahmed Chalabi) to the Ministry of the Interior.

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2011-03-26 12:18:00

(Baghdad, Post) – The MP for the National Alliance on Saturday, Susan Saad, a proposal to resolve the issue of security bags to refer the candidates to the parliament instead of the political blocs.

Said Al-Saad said in a statement has received Agency (Baghdad Post) copy of it today, “The term, which lasted nomination by the ministers of security had taken the period of adequate and appropriate for the selection of the best of the sensitivity of the subject should expedite the submission of candidates to address the security breaches that occur between now and then the other.”

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Special (Baghdad Post), member of the parliamentary Economic Committee that the laws of a political nature hinder the passage of laws in economic and timely manner.

Said Abdul-Hussein told the Baghdad Alabtan Post that “the laws on public administration of the country in which the pattern of political hinder the passage of laws in the economic and time specified on the agenda.”

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Special (Baghdad Post) – A member of the Commission of Petroleum and Energy that the parliamentary law, you will read next Sunday to activate the National Oil Company to be approved next month.

He said Furat al-Shara told the Post that Baghdad “to the oil and gas will be read Sunday’s parliamentary legislation to activate the role of the national oil company in the organization of political oil in the country.”

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Baghdad (news) .. A commission of economy and investment plans for parliamentary quick to follow the Ministry of Commerce to provide a ration card items, in addition to inform them of the contracts.

A member of the economic and investment commission deputy for the National Alliance Amer Al-Fayez said in a statement (of the Agency news) today: “The Committee has plans for a quick follow-up to the Ministry of Commerce for providing the requirements of the ration card, as well as access to contracts,” revealing “contacts with the Ministry of Agriculture and directorates in the governorates to reach some decisions like turning off some debt poultry breeders, and owners of livestock as well as addressing the problems of fishermen and the effects that contribute to the advancement of agriculture. “

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Baghdad (news) .. A member of the Integrity Committee in the Parliament and the Kurdistan Alliance MP Sheriff Soliman meeting of the Committee to determine a date for the recall of some ministers to the Commission.

Sulaiman said in a statement (of the Agency news) said on Saturday: “There will be a meeting this week to the Integrity Commission and we will establish the agenda for the call by some officials, ministers and deputy ministers, inspectors Infected and Alaadiid staff for investigation on corruption in their ministries and their constituencies.”

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See General Company for the automotive industry in Alexandria is currently popular among the citizens before the purchase of the company’s products from saloon cars and pick-up and field.

Said Engineer Adnan Ahmad, director of the company that the company has mobilized cadre production and marketing to meet the needs of citizens of those cars through direct sales, indicating that the reservations and the state departments arrived to the Company regarding the purchase of various trucks and specialized equipment.

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Experts agreed the economy that the problem of the Iraqi economy is poor economic management in the country and due to their reliance on the oil sector to maximize the financial resources, as well as the adoption of privatization as a solution to most of the economic problems in the country.

The economic expert and former minister of planning Mehdi al-Hafez, the problem of the Iraqi economy, large and is weak economic management of the state, however, pointed to the need not to talk about the issue in isolation from the existing serious problems.

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Adviser warned the Iraqi Central Bank of the continuing high rates of inflation as a result of near total dependence on oil imports. that excessive inflation in the general level of prices and rising incomes in cash or a component of cash income such as wages or profits as well as high costs and excessive in the creation of cash balances.

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