2011-11-15 18:57:05
BAGHDAD (Iba) / follow-up / .. acknowledged chief of the U.S. Joint Chiefs of Staff Gen. Martin Dempsey Tuesday that concern about the future of Iraq after the withdrawal of the last U.S. occupation troops from the country at the end of the year.
Dempsey said before members of the defense committee in the Senate before the question was asked whether I was worried about the future of Iraq. The answer is yes. (more…)
(24/4/11)
The Central Bank of Iraq is studying an idea to revalue the national currency as part of its strategic project for the next five years to reform the country’s monetary system.
The revaluation would involve the deletion of three zeros from the current dinar.
“With the entry of oil investments, the Iraqi economy is about to see a major boom that will make it a major economic force in the Middle East,” said Mazhar Mohammed Saleh, an adviser to the Central Bank of Iraq. “This boom will not be commensurate with a currency replete with zeros.” (more…)
Iraqi officials praised the Ministry of Oil’s newly signed contracts for the construction of four new refineries.
The ministry signed a contract with the International United Faust Waller company on Tuesday (November 8th) to build four refineries in the cities of Nasiriyah (output capacity of 300,000 barrels per day (bpd)), Amara (150,000 bpd), Kirkuk (150,000 bpd) and Karbala (140,000 bpd).
“These refineries will definitely meet the daily consumption of oil products in the country and after they start operating will nullify the need for imports from neighbouring countries,” said Oil Ministry spokesman Assem Jihad.
Baghdad / babysit – The member of the Iraqi Council of Representatives and the decision of Mohammed al-Khalidi that the parliament’s agenda will be full of important bills that will be introduced in the parliament sessions at the resumption of its meetings.
Said Khalidi told the news agency of public opinion (and babysit) on Tuesday: “The Parliament will resume its sessions next week after the end of the holiday the second legislative term and there is a group of important draft laws on its agenda the most important discussion of the issue of withdrawal of occupation forces from Iraq.” Noting that the issue of withdrawal of occupation forces from Iraq occupies the first rank of importance for the political blocs. ” (more…)
15/11/2011 12:40
Baghdad, November 15 (Rn) – The Iraqi experts in the field of oil and energy that the problems between the governments in Baghdad and Erbil over oil and gas law is still the subject of deep differences will be resolved during the current year.
The head of the Kurdistan Regional Government of Iraq Barham Salih, had announced during his visit to the United States, for reach Arbil to deal with Baghdad on the draft law of oil and gas, which is expected to be submitted to Parliament before the end of this year, at the time said a senior official in the Ministry of Oil after the signing of company, “Mobil Aksen” U.S. contract for oil exploration. In six locations in the Kurdistan region of Iraq, he did not allow any oil company to the implementation of labor contracts in the region without the approval of the Federal Government (more…)
15/11/2011 08:38
Baghdad, Nov. 15 (AKnews) – The details of the Oil and Gas Law and agreements between the federal government and the Kurdistan Regional Government (KRG) on the management of oil wealth in the country must be revealed to public scrutiny the Oil and Energy parliamentary committee demanded Monday.
Deputy Prime Minister for Energy Affairs Hussain al-Shahristani gave Exxon Mobil Corp. the choice to work in the south on the supergiant West Qurna field or in Kurdistan but not both. This confirms he rejects the company’s contract with the KRG showing Baghdad and Erbil are still divided over oil. (more…)
The independent Iraqi news agency / p. Replied as the Commercial Court case South Company for Trading & Contracting Company set up by Kuwait against the Director General of the Rafidain Bank
And demanded the payment of the amount of eleven million two hundred and fifty thousand dollars in bills owed In the former regime
The President of the Commercial Court in Baghdad, Judge Prince Shammari reporter (Iraqi news agency, independent), the Court received the case mentioned for legal reasons, the fact that the above company filed its lawsuit after a long time exceeded the time limits provided for in Article 132 of the Trade Act, amounting to three years and was able to raise her claims after Date 09.04.2003 and this may still be legally excused, the court issued its decision on the basis of the provisions of Article 132 and 135 trade and materials (161 166 185 203) civil proceedings And 63 law firm sentenced in his presence, capable of discrimination
Announced the parliamentary Foreign Relations Committee, Tuesday, Iraq’s readiness to host an emergency Arab summit in the event of a claim the member states, stressing that Iraq is looking forward to play a positive role towards the crises faced by the Arab.
Syria is demanding the convening of an emergency Arab summit on the back of the Arab League resolution at a meeting of Arab foreign ministers meeting in Cairo this weekend, who spent suspend the membership of Syria.
A member of the Foreign Relations Committee, Emad Youkhana in an interview with “Twilight News” that “Iraq is willing to host an emergency Arab summit, and the time is appropriate, as well as to Iraq’s return to normal on the Arab and international levels.” (more…)
On: Tue 15/11/2011 11:44
Baghdad (news) .. Predicted Member of the economy and investment representative and MP / coalition in Iraq / Nora Salem, higher gold prices over the next year as a result of the global economic crisis.
The Salem in a statement to the Agency (news) on Tuesday: The year will see the next significant increase in the price of gold globally as a result of the economic crisis that hit the U.S. and Europe, which led to instability in the prices of materials and goods in global markets, saying: that the price of gold will move upward from now. (more…)
Baghdad (news) .. Said economic analyst Qais Al Mulla not affected by the Iraq economically to any global crisis as it has vast natural resources such as oil and gas.
Mulla said in a statement to the Agency (news) on Tuesday: in case of any global economic crisis, the Iraq will be away from her as a result of the attributes of the resources abundant natural gas, oil, phosphate, which will help him not vulnerable to hold such crises in spite of its association with global markets abroad.
Al Mulla said: that Iraq was to save himself through the reserves of the financial and their economy from any side effects of economic crises upon the evidence when they had a global crisis the height of the peak by more than a year was Iraq, “a far cry about it.” (more…)
The latest daily currency auction was held in the Central Bank of Iraq on the 15-NOV-2011. The results were as follows:
| DETAILS | NOTES |
| Number of banks | 24 |
| Auction price selling dinar / US$ | 1170 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 223,076,000 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 223,076,000 |
| Total offers for selling (US$) | —– |
