Monthly Archives: March 2010
The Fight for Iraq’s Future Begins
| March 31, 2010 | Filled under All Dinar Trade Articles |
The survival of its democracy is dependent on a ‘just’ allocation of key posts in the new Iraq, as cumbersome as that may be. There is good news and bad news coming out of Iraq. The good news is that election results have finally been announced by the Election Commission more than three weeks after the country’s second poll since the…
Iraq’s Majnoon Oilfield to Hit 175,000 BOED in 2012
| March 29, 2010 | Filled under All Dinar Trade Articles |
YAS ISLAND, March 29 (Reuters) – Iraq’s Majnoon oilfield is is expected to produce 175,000 barrels of oil equivalent per day when commercial production begins in 2012, a senior Royal Dutch Shell executive said on Monday. Iraq’s largest field is currently pumping at 45,000 boe/d, Shell’s Mounir Bouaziz, Vice-President New Business LNG for the Middle East and North Africa, told an…
Iraq May Negotiate Shell on Agreed Shares
| March 27, 2010 | Filled under All Dinar Trade Articles |
BAGHDAD: Iraq may renegotiate with Shell on the agreed shares to invest gas in Basra, according to the spokesman for the oil ministry. Essam Jihad asserted that the ministry would give higher interest to the gas industry after the success of the two licensing rounds. Iraq’s oil minister had said that Iraq extended a memorandum of understanding with Royal Dutch Shell…
Tony-Gate: Blair Strikes Oil in Iraq
| March 25, 2010 | Filled under All Dinar Trade Articles |
by Jayne Lyn Stahl March 25th, 2010 Here in the States when someone mentions “UI,” most of us think of Unemployment Insurance, but not former UK prime minister Tony Blair. Late last week came word of a major scandal from the UK Daily Mail. In the three years since he stepped down as prime minister, Blair pocketed more than $30 million…
Iraq’s Kurdistan Ready for Oil Exports
| March 25, 2010 | Filled under All Dinar Trade Articles |
Iraq’s Kurdistan region is ready to start exporting oil at a rate of 100,000 barrels per day as soon as a new Iraq government is formed, its Natural Resources Minister Ashti Hawrami said today. “We can begin exporting 100,000 barrels per day tomorrow – as soon as we have a government,” Reuters quoted Hawrami as telling reporters at an industry conference.…
Iraq Eyes Non-Oil Investments, Production Sharing
| March 25, 2010 | Filled under All Dinar Trade Articles |
BAGHDAD, (Reuters) By Aseel Kami – Iraq wants to revamp its battered economy and boost non-oil revenue by offering production-sharing deals with state-run companies to foreign investors, a deputy industry minister said. Iraq is trying to shake off the legacy of years of violence, sanctions and economic decline by opening up its financial and industrial sectors and luring foreign investment and…
Iraq Stops Importing Fuel for First Time Since 2003
| March 23, 2010 | Filled under All Dinar Trade Articles |
By Fatima Kamal Azzaman, March 20, 2010 For first since the 2003-U.S. invasion Iraq produces enough fuel to meet all its domestic needs, the Oil Ministry said in a statement. “We have reached the state of self-sufficiency in fuel products such as gasoline, kerosene and liquefied gas,” the statement said. It said no fuel products were imported in the past three…
Gambling on Iraq’s Slow Rise From Ruin
| March 21, 2010 | Filled under All Dinar Trade Articles |
Hub Investors Bought Bonds Others Shunned By Farah Stockman Globe Staff / March 21, 2010 Some count the kidnappings. Others count the suicide bombs. Still others count the deaths of US soldiers. But, in the saga of Iraq’s slow struggle toward normalcy, Robert Smith keeps track of something far more obscure: the price of Iraqi government issued bonds. Smith, one of…
Iraqi Dinar Revaluation Soon
| March 19, 2010 | Filled under All Dinar Trade Articles |
The Dinar Trade- March 19, 2010 Iraqi Dinar Revaluation Soon A growing question by individual investors outside of Iraq looking in is, “Will Iraq’s currency, the Iraqi Dinar, gain value compared to other world currencies soon?” As more and more new investors buy into this speculation, they tell their friends about it. And as their friends buy into it, those…
China Has Agreed to Turn Off 80% of the Debt Owed by Iraq
| March 18, 2010 | Filled under All Dinar Trade Articles |
(Voice of Iraq) – Baghdad _ the center breaking news (Supreme Council) March 18, 2010 The Ministry of Finance of Iraq that it received a letter from the state of China expressed its willingness to sign a final agreement to put 80% of the debt owed them by Iraq, saying it would send next week a delegation headed by Undersecretary of…
Turkish Firms Becoming More Active in Iraqi Market
| March 18, 2010 | Filled under All Dinar Trade Articles |
The activity of Turkish companies working in Iraq has been increasing over recent years thanks to developing economic and commercial relations between the two countries. While Iraq used to be a leading market for Turkish exports just before the first Gulf War, trade between the two countries was curbed with a 12-year UN embargo, which was lifted on May 22, 2003.…
Bank of Iraq Continue to Ensure the Delivery of Pensions to the Iraqis Abroad
| March 16, 2010 | Filled under All Dinar Trade Articles |
Baghdad / Mustafa Al Hashimi Continue Rafidain major formations and the Ministry of Finance transfers the delivery of pensions to the Iraqis in Jordan, Lebanon and Abu Dhabi, Bahrain, Yemen, Syria and Turkey The statement by the Ministry received (Citizen) yesterday that the bank seeks to provide better services to the retired segment of Iraqis residing in those countries where the…
Iraq Completes Three Economic Reform Programs supported by IMF
| March 15, 2010 | Filled under All Dinar Trade Articles |
Since 2004, Iraq has successfully completed three economic reform programs supported by the International Monetary Fund (IMF): one under the Emergency Post Conflict Assistance (EPCA) facility and two (precautionary) Stand-By Arrangements (SBA). During this period, Iraq has made considerable progress under very difficult circumstances, including a very challenging security situation. Iraq has successfully reduced inflation, showed fiscal discipline, and started rebuilding…
Next 4 Years Will Be the Phase of Construction and Better Economy
| March 14, 2010 | Filled under All Dinar Trade Articles |
Iraqi Vote Signals Shift From Religious Leaders By LARA JAKES (AP) – Mar 13, 2010 BAGHDAD — Prime Minister Nouri al-Maliki’s political coalition took an early vote lead Saturday in the election’s all-important battleground of Baghdad, pulling away from its two closest rivals in the latest indication that Iraqis want a moderate government instead of Shiite religious hard-liners leading the postwar…
Iraq Opens Big Slice of Oil Riches to Outside Bids
| March 13, 2010 | Filled under All Dinar Trade Articles |
Iraq dangles even bigger share of its crude to foreign companies, but will they bite? It’s been a strained courtship between Iraq and oil companies jockeying for its untapped riches — complicated by jitters about insecurity, lack of a legal rule book to govern investments and Baghdad’s tightfisted bargaining that turned last summer’s much-hyped bidding round into a failure. Even as…
Iraqi Dinar Re-evaluation Has To Do With Economic Conditions
| March 12, 2010 | Filled under All Dinar Trade Articles |
28 February 2010 Iraqi Prime Minister Nouri al-Maliki said on Sunday that the process to re-evaluate the Iraqi dinar has to do with economic conditions that have to be strengthened. “The Iraqi dinar has all the reasons to grow stronger thanks to an increase in revenues and development of the economy,” Maliki said in response to some questions through the National…
Iraq to Modernize Public Financial Management
| March 12, 2010 | Filled under All Dinar Trade Articles |
Over the next two years, Iraq intends to transform and modernize its public financial management (PFM) system. Late last year, in consultation with the IMF and the World Bank, Iraq has adopted a three-year action plan that identified priority measures in the areas of budget preparation, execution and reporting; cash management; public procurement; and the accounting framework. Specifically: – To improve…
OPEC Likely to Face Iraq Test Sooner Than Expected
| March 12, 2010 | Filled under All Dinar Trade Articles |
Reuters March 12, 2010 Dubai/London: The storm brewing on the Organization of Petroleum Exporting Countries’ (OPEC) horizon over future Iraqi oil output could engulf the producer group sooner than it would like. “There’s only one issue, but it’s a big one. It’s a tsunami. Iraq,” said Leo Drollas at the Centre for Global Energy Studies. After years of sanctions and war,…
Alcohol in Southern Iraq
| March 10, 2010 | Filled under All Dinar Trade Articles |
Alcohol is freely on sale again but the Islamists may yet violently object. Iraq’s biggest southern city was a byword for pleasure and vice during Saddam Hussein’s rule: booze flowed freely, lubricating casinos and brothels as well as restaurants. But after his fall Basra was gradually taken over by ferocious Islamist militias. Anyone caught with a bottle was liable to meet…
Iraq, U.S. Military Announce Election-eve Capture of Al Qaida Cell Leader
| March 10, 2010 | Filled under All Dinar Trade Articles |
BAGHDAD — Iraq, amid an offensive to foil insurgency strikes on Election Day, has captured what was described as a major Al Qaida operative. The detainee was said to have been a leader of the Al Qaida-aligned Jaysh Rijal Al Tariqa, which operated in Anbar. In 2007, he was said to have helped plan a car bombing outside a Ramadi government…
Turkish Company Gets $339.2 Mln Iraq Oil Contract
| March 9, 2010 | Filled under All Dinar Trade Articles |
Turkey’s TPIC, the international exploration unit of state-run Turkish Petroleum, known as TPAO, has won a $339.2 million contract to drill 45 wells in Iraq’s largest oil field, Rumaila in southern Iraq, a government spokesman said Tuesday. Ali al-Dabbagh said the Turkish company would execute work in 25 months on a turnkey basis….(more story)
IRAQ: IDP’s Returning to Diyala Province in Increasing Numbers
| March 9, 2010 | Filled under All Dinar Trade Articles |
9 March 2010 (IRIN News) – The security situation in Iraq’s northeastern province of Diyala is slowly improving and thousands of displaced families have returned to their homes, according to officials. “Despite the fact that the security situation in some parts of the province is not good, some areas where the security situation has improved are witnessing good return levels,” said…
Recent Comments