Millionday News 11/08/15 Part 1 of 2
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Millionday: Ministry of Oil continue its consultations to amend the contracts for the international oil companies operating in Iraq, in light weights because the amendments include participation b »profit and loss».
A spokesman for the Oil Ministry, Assem Jihad, in the interview that «the ministry is continuing in consultation with international oil companies operating in Iraq, to review the licenses obtained by decades », indicating that« includes a review held every oil field on the unit to reach a new agreement on it achieves the benefit of both parties, according to the understanding between them ».
Millionday: NOTE -- THE OIL CONTRACTS WERE UNDERSTOOD TO BE AMENDED DUE TO UNDERSTANDING BETWEEN THEM -- THE AMENDMENTS ARE ABOUT PROFITS AND LOSS -- FIGURES
Millionday: NOTE -- THE AMENDMENTS INCLUDE COST FIGURE CHANGES
Millionday: He added that« one of the terms of the licensing contracts offers the possibility of revision in the light of Variables », adding that« dialogues with the oil companies are going about quiet until now ».
Jihad is likely to« include changes to the oil licensing reduce production costs and the proportion of profits contracts », adding that« the ministry will announce the details of each contract after the completion of agreed upon with the company concerned ».
Millionday: NOTE -- THE FIGURE CHANGES ARE NOT BEING RELEASED YET BUT ARE EXPECTED TO BE
Millionday: Furthermore, said the Commission on oil and energy parliamentary member Aziz Ugaili: that the former officials in the oil ministry, did not think the changes that can occur to world oil prices, when they signed licensing rounds decades, pointing out that they «thought only profit is possible to achieve a timely manner».
He added Ugaili, in an interview, that «Iraq pay for that minor thinking after falling oil prices and has become the loss of its share alone», adding that «the current oil minister, Adel Abdul-Mahdi, is working to modify some of the terms of licenses consensual contracts, without means So cancel ».
Millionday: NOTE -- OIL CONTRACT FIGURES ARE BEING CHANGED NOW
Millionday: He predicted a member of the Commission on oil and energy parliamentary, that« the amendment is heading to the participation of loss and profit as is the case in the Kurdistan region », ruling that« oil companies concerned rejects amendment decades licenses ».
Millionday: SO AS WE SEE -- SOME OF THE CONTRACTS HAVE BEEN IN EFFECT FOR DECADES AND ARE BEING CHANGED NATIONALLY
slh5282: ARE THE CHANGES IN PRICING GOING TO BE THE REVALUED RATE?
Millionday: I DONT KNOW SLH -- JUST KNOW THEY ARE BEING AMENDED --
Nadita: Are they talking about amending HCL and now start paying them what supposed to be paid..?
Millionday: NO THIS IS THE ACTUAL CONTRACTS THAT ARE BEING AMENDED IN THIS REPORT -- NOTHING IS STATED ABOUT THE HCL IN THIS BUT THAT DOESNT MEAN SOME OTHER NEWS WONT ADDRESS IT
198r: MD would like your comment of this article - http://translate.google.com/translat...%2F-&sandbox=1
Millionday: 198 -- I WILL PULL IT UP AND ADDRESS IT AT THE END OF NEWS -- THANKS HUN
Millionday: NOTE -- THIS IS THE DEVELOPMENT NOT JUST TALK ETC
Millionday: President of the Parliament confirms its support for the development of financial control process and the preservation of public money
The head of the House of Representatives Saleem al-Jubouri, Sunday, support for the development of financial control process to fight corruption and the corrupt and the preservation of public money.
Millionday: NOTE -- JUBOURI HAS CONFIRMED SUPPORT FOR FINANCIAL CONTROL STEPS
Millionday: Jubouri said Office in a statement the agency / information / received a copy of it, "the speaker of parliament, received in his office , today, the President of the Board of Supreme Audit During the meeting, they discussed ways to develop the work of the bureau and to overcome the obstacles that hinder the progress of the regulatory process.
Millionday: NOTE -- THIS MEETING WAS ON THE STEPS TO REGULATE FINANCES
Millionday: The head of the parliament, according to the statement," full support for the Foundation as an important pillar in the consolidation of the oversight role of the fight against corruption and the corrupt and concern for the public money.
He explained that "the House of Representatives is keen to develop the regulatory process and the adoption of modern methods and means which would contribute to building solid institutions.
Millionday: SO THIS IS OBVIOUSLY THE STEPS TO SET REGULATIONS TO DEVELOP THE FINANCIAL CONTROL
Millionday: IMF AND IRAQI MEETINGS ARE TAKING PLACE
Millionday: Iraq looking with the International Monetary Fund to support the financial stability of the country
Iraqi Ministry of Finance / said on Sunday that a government delegation is going on in the Jordanian capital Amman talks with senior experts and International Monetary Fund officials to study the country's financial and economic situation and ways to support and assist the Fund.
Millionday: NOTE -- THEY ARE MAKING PLANS TO ASSIST THE IMF IN SUPPORTING IRAQ `S FINANCIAL STABILTY
Millionday: The ministry said in a statement responded to Twilight News, that the Iraqi delegation participating in the talks consists of Finance Minister Hoshyar Zebari on the Keywords Governor of the Central Bank and financial and economic adviser to the prime minister appearance of Mohammed Saleh and directors of budget departments, accounting, public debt, and representatives from the Ministry of Oil and Planning and the Central Bank.
Millionday: WHOOPOW -- WHAT A LIST OF ATTENDEES -- LOVE IT
Millionday: She noted that consultations take place to reach a memorandum of understanding for technical Fund monitoring program to strengthen public financial management and strengthen cash management and provide stability to the financial sector in the country.
The ministry said that due to these consultations will continue for several days
Millionday: SO THIS WILL CONTINUE FOR A SEVERAL DAYS --
Nadita: Looks like the books are being balanced and ready for a new fiscal year and new Iraq.. WHOOPOW... MD.. thank you so much
Millionday: I AGREE HUN -- LOOKS GREAT
Millionday: YW ALL THE TIME -- VERY EXCITING IMO -- CANT WAIT FOR RESULTS
Mod.LLN65.copycat: didn't catch when meetings over
Millionday: THEY JUST SAID IT WILL LAST SEVERAL DAYS
Millionday: THIS IS ANOTHER REPORT ON THE MEETINGS
Millionday: Jordanian capital Amman financial and technical talks between the government delegation of representatives of ministries of finance, oil, and planning, the central bank with senior experts of the International Monetary Fund officials IMF; to study the country's financial and economic situation, and ways of supporting the Fund.
Millionday: A statement from the Ministry of Finance received "official Iraqi News Agency, he said that" Finance Minister Hoshyar Zebari, and the Governor of the Central Bank on the Keywords, financial and economic to the Prime Minister and the Chancellor appearance of Mohammed Saleh, took part in these talks.
Millionday: NOTE -- THE LIST OF ATTENDEES IS GROWING -- WHOOPOW
Millionday: NOTE -- THIS TELLS US WHAT THEY ARE HOPING TO GET DONE
Millionday: "The consultations take place; to reach a memorandum of understanding for technical Fund monitoring program to strengthen public financial management, and strengthen cash management, and provide stability to the financial sector in the country, it is due to these consultations last for several days."
Millionday: WHOOPOW Millionday: HUGE MEETING IMO
Nadita: Memorandum of Understanding?? that is huge..... this is the final approval of a plan and yes everyone will get paid.. what you think, MD..?
Nadita: I like the sound of "provide stability to the financial sector in the country.
Millionday: IMO -- IT IS THE SET UP OF ALL OF MONITORING AND FINANCIAL DEVELOPMENT PLAN
Tiger: With a meeting like this, with this many top officials makes me think something new is up
Millionday: IT IS VERY ENCOURAGING TO ME TOO HUN -- I CANT WAIT TO READ THE RESULTS OR ANY COMMENTS COMING OUT OF THESE MEETINGS -- Millionday: WHOOPOW
Tiger: They have not gone meetings like this before, so it stands to reason they are looking at something new
quicktolegit96: I THOUGHT 2 DAYS AGO, YOU HAD MENTIONED THAT IRAQ HAD SOME KIND OF RATE SET DUE TO THAT MEETING BEING OVER? OR AM I WRONG? I AM TRYING TO RECALL
Millionday: NO I HAVE NEVER SAID I KNOW OF THE RATE -- IM NOT SURE WHAT YOU COULD BE THINKING OF HUN
Millionday: CBI STATED THIS -- SO THINK ABOUT THE RESULTS FOR THE BANKS -- THIS WOULD MINIMIZE THE ABILITIES OF SOME BANKS -- SO THERE MUST BE OPPORTUNITY COMING UP THAT THEY WILL BE LEFT OUT OF IMO
Millionday: The Central Bank of Iraq, Sunday, to take all legal action against offending banks to auction foreign currency, stressing that the bank's audit teams continuing its work in this area in coordination with the judicial authorities.
The bank said in a statement received by the agency / information /, a copy of it, that "in light of the recounted by some of the media and social networking sites of news and information and presentation of documents pertaining to violations of some banks and companies in the sale and purchase of foreign currency window emphasize
Millionday: that we had previously taken all legal action against those banks and their clients in conflict with the instructions for an auction of foreign currency for the years 2012, 2013 and 2014 ".
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