Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Late Saturday AM Chat 8-27-16 Part 2 of 3
rcookie says(): Rafidain Bank directed its branches to "accelerate" in the completion of transactions of the citizens within three days
Author: HH, TG Editor: HH, NS 08/27/2016 12:12 Number of Views: 568 Long-Presse / Baghdad
Face Rafidain Bank on Saturday, all of its branches to expedite the completion of transactions of the citizens during the three-day requirement of the absence of a "legal opposed" to such transactions, and as pointed out that this procedure was to reduce red tape and overcome the obstacles in front of customers.
Rafidain Bank said in a statement received (long-Presse), copy of it, "director of the bank Khawla student Jabbar directed departments branches to expedite the completion of transactions all within a period not exceeding three days if there is no legal exhibitors," noting that "this decision comes in window shortcut routine and overcome the obstacles in front of customers. "
He said the bank, that "all branches, according to directives announced the reception and acceptance entitled to departments and state institutions all instruments apart from the bank that issued him the instrument, whether from the state bank or from my family bank," pointing out that "some of the branches of the bank had refused issued instruments the private banks. "
The Rafidain Bank, a State-owned banks in Iraq, was founded in the forties of the last century, and has more than 146 branches in Iraq and more than eight branches in Arab countries.
jimplants says():ELECTRONIC BANKING!!!Slow but still a start
rcookie says():First Published: 2016-08-27
Iraq is ready to freeze oil production in order to raise prices
Iraq's oil minister calls for a balance between supply and demand in the global market and confirms its support for the policy of OPEC to stabilize prices.
Middle East Online
Iraq Looking for the restoration of its role in the oil market
BAGHDAD - Iraq's oil minister Ali Jabbar Allaibi Saturday that Iraq was ready to play an active role within OPEC to support oil prices without explaining that Baghdad was ready to support a possible deal to freeze production in order to raise prices.
Assem Jihad, spokesman for the ministry quoted the minister as saying the oil city of Basra, "Iraq confirms its support for the policy of OPEC and strengthened and that Iraq is playing an active role in supporting the operations of oil prices."
"The Allaibi called for a balance between supply and demand in the global market."
It is scheduled to hold an informal meeting of member states of OPEC in Algeria next month on the sidelines of the International Energy Forum and expected that the participation of Russia.
He said Iraqi Prime Minister Haider al-Abadi Tuesday that Baghdad did not reach the full share of the oil market, which may indicate that they would prefer not to curb its production of crude.
He explained that Iraq has put the general budget for the year 2017 based on the price of $ 35 per barrel of oil, around the level of the current year, down from an initial forecast was around $ 45 a barrel.
Iraq is the second largest oil producer in OPEC after Saudi Arabia and the public depends spent 95 percent of oil revenues. Iraq and it seems determined to continue to promote the production, which has at present about 4.6 million barrels per day.
Iraq and reap 95 percent of the general budget revenues from oil sales and linking services agreements with companies including CNPC, BP, Shell, Eni and Exxon Mobil, Lukoil and get those companies paid for the additional quantities of oil being produced from the fields.
Sources in OPEC and the oil sector last week that Iran's third-largest oil producer in OPEC sends positive messages stating that it may support joint action to support the oil market.
Tehran has refused to join the attempt in April / April to halt production at January levels, which led to the collapse of these talks because Saudi Arabia has said it wishes to all oil producers involved in the initiative.
rcookie says():DONT YOU BELEVE IT!!!.......
magnetlady says():Don't believe which part of it rcookie? or all of it.
cobalt says to rcookie():(y)
rcookie says():FREEZING PRODUCTION...
magnetlady says():OK, several things jumped out at me, just wasn't sure.
rcookie says to magnetlady():(y)
rcookie says():Baghdad plans to export oil through Iran if "not" agree with the Kurdistan Region By Roudao
Oil wells Roudao- Erbil The Iraqi Oil Ministry, said Saturday that " the resumption of oil exports to the Turkish port of Ceyhan via the goodwill gesture of the Kurdistan Region, to encourage the Government of the Territory to start negotiations on the sharing of oil revenue, while confirming that the failure of the negotiations has been paid by the search for an alternative such as Iran, or other plug the fiscal deficit facing the country.
The agent said the Oil Ministry, Fayyad grace in a press statement, said that "the resumption of the North Oil Company pumping through the pipeline passing through the territory of the Kurdistan region to Turkey's goodwill gesture to invite the Government of the Territory to start negotiations."
He guessed that "conducting oil marketing company SOMO, (SOMO) talks with the Kurdistan Region over the next week on the export of oil through the connecting pipe to Turkish port of Ceyhan."
He said grace, that "the Iraqi government may be considering the sale of its crude oil through Iranian territory, or other in the event of stalled negotiations with the Kurdistan Regional Government on the sharing of oil revenue formula," attributing it to "Iraq's need for money to address the crisis."
rcookie says():Sports hall in eastern Baghdad project, which is created by a Turkish company
Iraq seeks to revive trade relations with Turkey and vows to solve the problem of its dues
Author: AHF, HAA Editor: AHF 8/26/2016 17:52 Number of Views: 1481
Long-Presse / Baghdad Detection and Iraqi Planning Minister Salman Jumaili, on Friday, the start of the Council of Ministers to work to find a solution to the problem of entitlements Turkish contracting with Iraqi companies, with its students to complete 85% of the projects entrusted to it to receive wages as a whole, he stressed that Iraq seeks to revive and strengthen commercial and cultural relations with Turkey after being dropped.
Jumaily said, quoted by Anatolian statements seen by the (long-Presse), during his visit to the activities of the Izmir International Fair, the eighty-fifth held to its in Turkey's Izmir province, he said that "the Iraqi Council of Ministers began work on finding a solution to the problem of wages Turkish contracting with Iraqi companies."
He Jumaili "We have decided to hand over the minimum wage for Turkish companies, amounting to 50% of the receivables that could not be received by the companies due to developments in the country and will claim all the wages companies can upon completing 85% of the projects entrusted to them," noting that "this matter will help companies Turkey to continue their work in Iraq. "
Jumaili and pointed out that "our business relationship with Turkey declined for reasons of many negative developments since 2013, when the military Anfaqatna risen since that time with our response to regulate (Daesh) at a time when oil prices have seen a sharp decline,
all of these developments have contributed to the damage to our economy as well as our business relationship with Turkey, but we are seeking to revive our cooperation again. "
The works of many Turkish companies in the country, various projects with the survival of the financial dues owed to some of the Iraqi government, which halted its funding because of the financial crisis, causing the discontinuation of some of these projects until the completion of the financial allocations.
rcookie says():refineries for Investment and Announces produce about five million barrels per day
Author: AR, HH, SKM Editor: AR, HH 08/27/2016 14:10 Number of Views: 581
Long-Presse / Basra The Iraqi Oil Ministry on Saturday, for the production of about five million barrels of oil a day from all fields, including the Kurdistan region, and confirmed its intention to launch a number of oil refineries to the investment by the private sector, while suggesting plans to develop the refineries, drawn to it working to address some of the impurities in the licensing rounds for decades.
The oil minister said Jabar Luaibi during a press conference in the Iraqi Drilling Company in Albrjsuh area, south west of Basra, and attended (range Press),
"The ministry intends to apply ambitious plans, and Mahorna fundamental is to increase the crude oil production in order to reach rates fit with the needs of Iraq oil production through licensing rounds, and through national effort and try to assign that effort again and bring him back to the top of the process of crude oil production,
"noting that" Iraq at present produces about four million and 700,000 barrels per day with the Kurdistan region and exported from the southern ports around three million and 150,000 barrels. "
Allaibi He added, "The ministry plans include increasing production within a balanced policy in the Organization of Petroleum Exporting Countries and the global market in order not affected oil prices negatively," adding that "the licensing rounds include lapses and loopholes in the contract Netjh urgent conditions weighed on the Iraqi side."
He said the oil minister, that "the ministry is in discussions with global Charcot oil to ensure the rights of Iraq without affecting the contracts away from the controversies to close the loopholes and gaps in those contracts," revealing that "The ministry was heading towards the launch of refineries for investment and private sector involvement in the construction of refineries and management."
He pointed Allaibi, that "there are 13 refinery in Iraq need to be developed to increase and improve its production of oil derivatives," explaining that "the ministry is seeking to implement an ambitious plan to increase the production of the Basra refinery to 300,000 barrels per day."
Allaibi said, "The ministry is also seeking to increase the production of the refinery to 200,000 barrels per day, as well as increased production refinery in Karbala and Kirkuk, to cover the deficit of local need."
_firefly_ says():SRSG Kubiš Welcomes Progress in Parliament’s Legislative Agenda, with Adoption of Amnesty Law in Line with National Political Agreement and Government Program
_firefly_ says():Baghdad, 25 August 2016 - The Special Representative of the United Nations Secretary-General, Mr. Jan Kubiš, welcomes the progress made in implementing the legislative agenda of the Council of Representatives, the last of which was the parliament’s adoption of the Amnesty Law.
_firefly_ says():the last of which was the parliament’s adoption of the Amnesty Law.
firefly_ says():“This is one more step towards consolidating state building,” the SRSG said. “This legislation adopted today is key for promoting national reconciliation efforts.”
Mr. Kubiš said the Amnesty Law was preceded by the Banning of the Ba’ath Party Law, another important legislation, and expressed hope that more steps will be taken to strengthen the rule of law in Iraq.
“These laws are explicitly stated in the National Political Accord of 2014 and the Government of Iraq program,” he said. “We expect that other legislation will follow, notably the Justice and Accountability law as proclaimed in the agreement and the Government’s program,” Mr. Kubiš said.
_firefly_ says():“These laws are explicitly stated in the National Political Accord of 2014 and the Government of Iraq program,” he said. “We expect that other legislation will follow, notably the Justice and Accountability law
_firefly_ says():We expect that other legislation will follow,
larrykn says to _firefly_():gm bro :)
rcookie says():2016/08/27 (00:01 pm) - hits: 192 - count (3725)
Economists claim to develop "a realistic balance" to activate the income-generating sectors
Baghdad Ibrahim Ibrahim Financial advisor to the Prime Minister, on Friday, that the arrival of balancing 2017 to Parliament would be mid-September next, with expected year end budget passed by "all," the parliamentary Energy Commission warned against rising budget deficit next year 2017 more than 24 trillion dinars if the Government repeated "mistake" dependence on oil "almost entirely" to cover the expenses of the State.
Financial advisor to Prime Minister Mohammad Saleh appearance in interview for "d" to the "September 15, next is the arrival of budget to Parliament", "passed by the end of this year, easily being uncomplicated and no thumbs are similar to last year's budget, with the exception of some things that relate to the price of a barrel of oil and the quantities exported.
Saleh said "balancing 2017 representing peace and construction budget so that Iraq will move from a war economy to a peace economy many military expenditures will turn to reconstruction and construction, Iraq obtained foreign loans taken into account in the consideration of the budget deficits.
Scio was Prime Minister Haider Abadi, announced Tuesday (23 August 2016), customize the Cabinet meeting today to discuss the budget for 2017, the arrival of the final stages of the budget submitted to Parliament.
He is a member of the Parliamentary Committee on oil and energy on Faisal fayyaz, in a statement, a copy of "term", that "the Government should expand non-oil income and reduce expenditure in the budget next year 2017,
calling on parties concerned to activate the role of income-generating sectors such as industry, agriculture and tourism while reducing expenditures on unnecessary projects and reducing government expenditures and serious and determined action against corruption and thirsty public money who plundered the bounties of the country over the years."
Fayed, warned of "rising deficits in 2017 next to more than 24 trillion dinars if the Government did not take those steps," returned to "adopt Iraq oil revenues by up to about 95 percent of State expenses while neglecting the other sectors, is a huge mistake Iraq budgets impact."
Main street Economist, said alaibi in interview for "range" to "estimate the price of a barrel of oil in balancing 2017 by $ 35 budget, forecast real and proportional to the oscillation condition in global oil markets, while it was $ 45 per barrel in 2016 balancing what the latest upward deficit."
"Increasing the amount of oil produced from 3600 b/j in 2016 to 3880 b/j in 2017 will help install the amount of next year's budget in line with the distribution of funds for all sectors of the State without extravagance".
Alaibi explained that "there are two ways they can push the development of the first Bill, representing a reduction of oil-barrel estimate in the budget to $ 35, and the second is the low oil revenues which pushes towards the rationalization of government expenditure and to increase and develop other revenue."
He continued: "the Government leave decisions improvised emergency caused by low oil prices in nearly two years, and work on a long term basis-thought strategy to fetch imports and distribution."
Prime Minister, Haidar Abadi, Monday (22 August 2016) during the crisis cell meeting, need to upgrade using estimated income for 2017 next, to secure salaries and wages and social protection network and ration card, as well as perpetuating war requirements (ISIS).
He was Prime Minister, was revealed Tuesday (23 August 2016) at a press conference in the Government Palace and his presence (range) adjustments on grades and transfers in the Ministry of health and the crowd, while the budget suffers from a "significant deficit", he stressed that the needs of the distribution of staff salaries and retirees costs 51 trillion dinars.