Range Press / Baghdad
Agreed that Prime Minister Nuri al-Maliki and President of the Kurdistan Regional Government Nechirvan Barzani, on Monday, to pass important laws that have the effect active in resolving the “outstanding issues” between the two parties, such as oil and gas law, and give the security side “of particular importance in all parts of Iraq, as agreed continue meetings to resolve all issues. (more…)
Posts Tagged ‘oil’
Tags: Baghdad, Dinar, erbil, HCL law, hydrocarbon law, Ibrahim al-Jaafari, Iraq, Iraqi Kurdistan, kurdistan, Kurdistan Regional government, National Alliance, oil, Oil and Gas
Range Press / Baghdad
Tags: Baghdad, Constitution of Iraq, Dinar, economy, HCL, Iraq, Iraqi people, kurdistan, Ministry of Petroleum (Iran), oil, Oil and gas law in the United States, petro, Transparency International
Matmron: oil and gas law needs to be enriched with the participation of popular
12/25/2012 12:00 am
Seminar reviewing the reasons for delay approval
conference discussed oil on the draft law of oil and Algasalve organized by the Center fire eternal development and development points of contention on the law and leading to broad popular participation to the most important resource Alaohualnaft as belong to all people. (more…)
Tags: Dinar, economy, HCL, Iraq, Law, oil, oil and gas law, petro, Rezin
Oil Ministry demanding an end to personal Ajthadt on the wording of the draft law of oil and gas
Sunday, 23 January 1 / December 2012 18:41
The Oil Ministry announced, for approval of the Council of Ministers on the new draft of the oil and gas law, noting that the draft turned to parliament, calling at the same time to put an end to the personal interpretations over the wording of the text of the law. (more…)
Tags: Dinar, HCL, Iraq, Law, oil
Decision of the Committee on Energy: Adoption of the law of oil and gas depends on resolving the political crisis .. And difficult to read it
Date: 28/08/2012 11:50:39 Tuesday
Baghdad (news) .. Exclude Rapporteur of the Commission on oil and energy MP / coalition of Kurdish blocs / Qassim Mohammed Qasim, approve oil and gas law in the coming period in the absence of a radical solutions to the political crisis in the country, pointing out that the repercussions of the political crisis weighed on the overall economic issues in the country, including oil . (more…)
Oil and energy parliamentary committee is formed to resolve the differences on the law of oil and gasPosted: August 28, 2012 in Iraqi Dinar/Politics
Tags: economy, HCL, Iraq, Law, oil
28 August, 2012 09:55:00
Formed the Commission on oil and energy parliamentary committee of 12 deputies in order to resolve the differences on the law of oil and gas. (more…)
Tags: citizens, Dinar, economy, Iraq, oil, Revenue, sharing
Baghdad, June 13 (Rn) – The Iraqi Ministry of Planning Tuesday it is nearing completion of the finalization of the basic instructions for the distribution of share of oil by 25% on the population by the end of this year, according to what passed the House of Representatives. (more…)
Tags: HCL, Iraq, Law, oil, parliament
Reuters – [1/30/2012]
After five years in the making, Iraq’s parliament could have a first reading of a landmark oil law by early February, a senior Iraqi energy official said on Monday.
Adnan al-Janabi, head of Iraq’s oil and energy committee, said he “hoped for some movement next month” on the legislation that is crucial to resolving a bitter feud between Baghdad and the semi-autonomous Kurdistan region over oil rights.
Janabi’s committee has been poring over two versions of text that address the core disagreements between Baghdad and Arbil: the role of the governorates, the composition of the federal council, the ability of the regions and governorates to sign contracts and the issue of previously signed contracts. (more…)
Tags: economy, Iraq, oil, petro, political
On: Tue 01/17/2012 12:23
Baghdad (news) .. Warned oil expert Halim Kazem continuing political problems in the country because they Statheraly the production and export of oil, which would do serious harm to the economy of Iraq.
Kazim said (of the Agency news) on Tuesday: The repercussions of the political crisis in the country will affect the production and export of oil in Iraq During the withdrawal of international companies working on oil production that leads to the stoppage. (more…)
Tags: Dinar, economy, Iraq, oil, reserves
Beirut, January 11, 2012 (AKnews) – considered an expert on U.S. foreign policy, Paul Mather “The report, prepared by journalist Jamil Tahir for energy companies in Iraq reminds us of one of the most important reasons why the United States to invade Iraq, where the oil is driven the larger the neo-conservatives. “
In a report published by the Institute, “Foreign Policy Fox,” American Research, pointed Mater that “the oil form part of the discussion concerning the imposition of sanctions on Iraqi President Saddam Hussein, where some felt that the latter will be funded terrorist organizations from oil revenues, which will inevitably move the Iraqi economy “.
He emphasized that “the promotion of these reasons, began long ago through ambiguous statements in the corridors of multinational corporations, and institutions of thought and public opinion.” (more…)
Tags: Arab, Dinar, Economic, Iraq, oil, petro
On: Tue 03/01/2012 7:12
Discuss President Obama and Prime Minister Nuri al-Maliki, a lot of important issues in Washington last Cansahab U.S. forces and the fragility of democracy in Iraq and the threat of Iran’s presence on the borders of Iraq and elsewhere. But the paragraph that was at the bottom of the agenda may be the most important factors in the future of Iraq, namely oil.
Iraq has the fourth largest oil reserves on the planet. This treasure to make Iraq one day more advanced countries of the region in terms of the economy. If Iraq was able to re-energize its oil industry, he can – with the nascent democracy – that becomes more developed countries in the Arab world.
Iraq hopes to increase its oil production from 2.7 million barrels per day currently to 13.5 million by the year 2018. The foreign experts that half this rate is considered a great accomplishment. In any case, the large increase in production will need to invest more than foreign companies that have the expertise and capital, which defeats Iraq through decades of war and unrest. However, this enthusiasm has waned due to routine delays and confusion of legal and poor condition of pipelines and storage facilities and export terminals and the like. (more…)
Tags: Dinar, economy, HCL, Iraq, oil, petro
Confirmed its contribution to poverty reduction
Iraq seeks to double its imports of Finance by increasing the rates of export of oil, which is funded by the President of the budgets of the country, which sought the government has established a number of licensing rounds that led to the presence of a group of major international oil companies specialized in the extraction and exploration or exploitation of associated gas, and is expected are interested in Iraq’s oil exports rise in the years 2015 – 2016 to 12 million barrels per day, which means that the financial revenues that would accrue the country would be sufficient to fund dozens of projects, investment and construction, as well as the total elimination of what you are suffering from a deficit of public budgets owner for years. (more…)
Tags: economy, HCL, Iraq, oil
After a year-long slumber to close the Public
After a long sleep more than a year to close the file of oil and gas law and put it back on the shelves of those interested Alyatarth new feelings that go past without the benefit of this wealth, and that the time has come for legislation Is the year 2012 will witness the launch of whether the law will be initiated or not? And we will find in the folds of the following report visions of economists and law and their vision of the importance of law and how to get out of its impasse.
Has become the symposium panel discussion on the challenges of the extractive oil industry to a constructive dialogue in order to establish oil and gas law to be of the oil industry and other extractive power of the law make it in the forefront of the industries that serve the development programs. (more…)
Tags: Iraq, oil, OPEC, petro
TEHRAN (FNA)- Iraq was elected as new president of the Organization of Petroleum Exporting Countries on Wednesday.
Oil ministers of the producing countries arrived in Vienna this week for their 160th meeting today, when they decided output levels for the first half of 2012.
During the opening session, Iran proposed the member states to choose Iraq as the next rotating president of the oil cartel, which was welcomed by the participants. (more…)
Tags: Iraq, oil
Halim said oil expert Kazim, that in the case of Iraq’s ability to produce more than (6) million barrels of oil a day will compete with the major powers of the oil and the second product in the world after Saudi Arabia.
Kazim said in a press statement yesterday that if Iraq were able to produce more than (6) million barrels of oil per day will be the second product in the world after Saudi Arabia and the oil states will compete during the majority of the production and export. (more…)
Tags: Iraq, oil
Erbil, Nov. 17 (AKnews) – Royal Dutch Shell is pulling out of talks with the Kurdistan Regional Government (KRG) in a bid to protect its lucrative contracts with Baghdad, reports the Financial Times.
The Anglo-Dutch supermajor has concluded a $17 billion USD, 25 year deal with the Iraqi Government in conjunction with Mitsubishi to collect the vast supplies of wasted natural gas from the country’s southern oil fields.
The Iraqi Council of Ministers agreed to a a deal with the international companies to establish the Basra Gas Company, a public-private partnership seeing Baghdad take a 51% stake, Shell 44% and Mitsubishi 5%. (more…)
Tags: Iraq, oil
He sees oil Hamza jeweler, said that Iraq has the capacity to produce more than (13) million barrels of oil a day, referring to Iraq’s inability to export this amount to the outside of the linkage in OPEC.
A jeweler in a press statement yesterday, “The Iraqi oil fields big and bulky and can that produce more than (13) million barrels a day, because the companies that are existing oil is one of the first companies to develop the oil industry in the world. (more…)
Tags: Ali Hassan, Business, Dinar, economy, Initial public offering, investing, Investment, Investor, Iraq, ISX, oil, Sudan
Economists emphasized that a lot of investors with few opportunities to work with the presence of liquid compete for investment opportunities in the country and especially after the rise in property prices is very large as well as the difficulties faced by many investors, including self-financing and preference for foreign investments and others, as noted specialists in their conversations for ” Future of Iraq “that many of the deposits do not give good returns.
Economic expert behind Kanani said that investment can be defined is the part of income saved and re-use in order to develop and maintain. The selection of the investor to invest should take a certain knowledge of the realism of the various types of investment and features of each. (more…)
Tags: Baghdad, Barrel (unit), Extraction of petroleum, International Energy Agency, Iraq, Iraqi government, oil, OPEC, Politics of Iraq, UN
United Nations confirmed in a report that Iraq has oil reserves, stressing more than 143 billion barrels and potential reserves exceeding 200 billion barrels, placing the country among a small group of countries that have a high potential for oil production and influence in global oil markets. The unit of information and analysis of inter-agency United Nations and UNDP for the organization (Yu said DBS) prepared a report on the reality of the oil and gas in Iraq, which included a complete analysis of this sector. (more…)
Tags: HCL, Iraq, oil
Nov, 06, 2011 12:01 AM – Pakistan & Gulf Economist
Iraq and the semi-autonomous northern Kurdish region have agreed to work on amendments to a draft hydrocarbons law and reach an accord by year-end, potentially defusing a major row, Iraqi officials said.
Kurdish officials have harshly criticized a draft law approved by Iraq’s cabinet in August that would have given the central government in Baghdad more control over the nation’s oil reserves, the world’s fourth largest. (more…)
Tags: 140, Iraq, oil
Kurdistan Alliance bloc said on Thursday not to the possibility of forming regions in the provinces covered by Article 140 of the Constitution unless it is applied, indicating that the problem of the disputed areas would end if the application of the said article.
The MP for the coalition of Kurdish blocs Ashwaq dry in an interview with “Twilight News”, “The provinces covered Pttbak Article 140 of the Constitution can not announce the formation of regions at the present time, is not entitled to any party to claim that unless the normalization of the situation in the disputed areas it. “
Attorney Jubouri: Oil revenue sharing would place strain on the shoulders of the citizens and budgetPosted: November 1, 2011 in Iraqi Dinar/Politics
Tags: economy, Iraq, oil
On: Tue 01/11/2011 12:30
Baghdad (news) .. Warned by the Finance Committee representative and the representative / National Alliance / Haitham Jibouri of the distribution of cash to citizens of the oil revenues the annual as preventing the State from implementing their investment projects.
Jubouri said in a statement to the Agency (news) on Tuesday: Can not the Federal Government that the the distribution of cash from oil revenues to citizens as restricting the state of implementation of investment projects, due to the operating budget coming and reached to more than (70%) can not be loaded more money at the expense of investment. (more…)
Tags: HCL, Iraq, oil
BAGHDAD – Al Sabah
The government unveiled its agreement with the delegation of the Kurdistan Regional Government to adopt the draft law of oil and gas governmental organizations that submitted in February 2007. The chief advisers Fadel Ghadhban was quoted by the agency, Kurdistan News: “The government agreed with the delegation of the Government of Arbil, the adoption of the draft law of oil and gas governmental organizations that submitted in February 2007 and negotiated before the end of this year. ” (more…)
Tags: Dinar, economy, GCC, oil
Most of increase is in oil sector as crude prices are seen at all time high of $109
A surge in oil prices to their highest average of around $109 a barrel this year will add a whopping $305 billion to the economies of Gulf hydrocarbon producers while their current account surplus will also hit a record high.
Projections by a key Western financial centre showed the bulk of the increase in their nominal GDP of the six-nation Gulf Cooperation Council (GCC) will be in the hydrocarbon sector due to high prices and production by members.
Tags: HCL, Iraq, oil
Deputy calls for third party intervention between the Governments of the center and the region to resolve the dispute over oil and gas law
BAGHDAD / With: The member of the Commission on oil and energy parliamentary Bahaa Jamal al-Din, Saturday, to the intervention of a third party dispute between the Gota separates the center and the region around the oil and gas law.
He said Jamal al-Din told the future that “the Governments of the center and the region depend on the constitutionality of materials they offer when you sit down to resolve the issue of oil and gas law, and that this law and its attendant problems between the two governments on the need to separate them.” (more…)
Tags: HCL, Iraq, Maliki, oil, Oil and Gas
Erbil, October 30 / October (Rn) – A political analyst in the capital Aladrnah Amman, that the problem of oil and gas law in Iraq crisis, and need a longer period of two months that have been identified by the Iraqi Prime Minister Nuri al-Maliki and President of the Kurdistan Regional Government Barham Salih earlier to solve the problem, pointing out that the al-Maliki and the benefit is not only political propaganda, according to the site, “Arab News” in Saudi Arabia. (more…)
Tags: Budget, economy, Iraq, oil
On: Sat 29/10/2011 13:45
Baghdad (news) .. rule out economic researcher Hussein star for a fiscal deficit during the budget year (2012) that the projects have not been implemented yet, criticized at the same time financial management in Iraq to talk about the fiscal deficit before disbursing the budget.
The star told the reporter (Agency news) on Saturday: I do not expect a financial deficit in the annual budget for the next that is not the start regardless the budget, both on the investment or operational, noting: that the rates of completion of projects that have been implemented in the current year amounted to (60% to 65%), although the proportion of targets budget of up to (65%), leading to rotate a lot of money to the next budget.
Oil Expert surprised at the lack of representation in Iraq and calls for OPEC to find a character is representedPosted: October 29, 2011 in Iraqi Dinar/Politics
Tags: economy, Iraq, oil, OPEC
On: Sat 29/10/2011 13:50
Baghdad (news) .. called oil expert Hamza Jeweler to the need for a representation of an Iraqi OPEC, adding: This command is the responsibility of the Ministry of Oil.
The jeweler said in a statement (of the Agency news) on Saturday: it is necessary that there should be a representative of Iraq in OPEC, surprising what revelations Energy Commission for the lack of representation of Iraqis in OPEC, while he noted the importance of this in economic terms for the country.
Tags: HCL, Iraq, oil, parliament, Republic of Iraq
|Tuesday July 26, 2011 @ 9:30am
1. read verses from the Koran.
2. the vote on the proposed law on the board of Public Integrity. (Integrity Committee, Legal Committee).
3. to discuss the government program. (Committees).
4. discuss the issue of the passport system number (2) for the year 2011. (Legal Committee, the Foreign Relations Committee, Member of the Committee on Parliamentary and development).
5. The first reading of draft law on ratification of the Statute of the Arab Environment Facility. (Committee on Health and Environment, Committee on Foreign Relations).
6. The first reading of the draft law crimes informatics. (Commission on Security and Defence, Higher Education Commission).
7. the second reading of Bill Nations Convention on the Rights of Persons with Disabilities. (Commission on Human Rights, the Committee on Foreign Relations).
8. the second reading of draft law on Iraq’s accession to the Treaty of the Islamic Conference on Combating International Terrorism. (Commission on Security and Defence, the Foreign Relations Committee).
9. the second reading of the draft law of the Republic of Iraq to join the International Convention for the Suppression of the Financing of Terrorism. (Commission on Security and Defence, the Foreign Relations Committee).
10. the second reading of the draft accession of the Republic of Iraq to the International Convention for the Suppression of Acts of Nuclear Terrorism. (Commission on Security and Defence, the Foreign Relations Committee).
11. second reading of the bill and the Ministry of Commerce. (Committee on the economy and investment). (more…)
Tags: Fatih Birol, gas, Gulf War, Hurricane Katrina, International Energy Agency, Iraq, Libya, middle east, oil, OPEC, petro, Saudi Arabia
Fears that high oil prices to economic recession and warned the International Energy Agency, based in Paris, the risk of continuation of current levels of high oil prices, which may lead towards a new global economic recession.
The chief economist Fatih Birol said “oil prices, which range at an average $ 120 a barrel, threatening to make the world sliding into recession again.”
Tags: Baghdad, Barrel (unit), Basra, Iraq, Jordan, Kirkuk, oil, Oil Ministry, petro, SOMO
BAGHDAD (Iba) .. Revealed the Oil Ministry said Wednesday that Iraq exported an average of 2.225 million barrels per day in May, compared with 2.141 million barrels per day in April to its highest level since 2003.
The news agency Reuters news of the President of the State Oil Marketing Organisation (Somo) Falah al-Ameri said that Iraq exported 1.725 million barrels per day of oil hub of Basra in the south and 500 thousand barrels per day from the northern oil fields around Kirkuk, including ten of thousands of barrels per day by truck to Jordan .
Al-Ameri added that the average selling price was about $ 108 a barrel.