Newstime for Millionday From Dinar Updates By Rudie Part 1
[millionday] Prime Minister Nuri al-Maliki, Wednesday, to overturn Article (38) of the Unified Retirement Law private pensions huge for members of the House of Representatives, ministers and special grades and officials, contending included "illegal",
as he emphasized that the Council of Ministers to delete this article of law and the House of Representatives gave it back when the voting session. Maliki said in his weekly and pursued "tomorrow Press",
"The House of Representatives today is responsible for the delay and the adoption of the general budget and not income to the government in delaying because they sent to parliament," noting that "those who are trying to block the budget, want to disrupt the elections to show the people that the government failed to perform their duties.
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[millionday] note -- this is a press statement to the citizens by maliki
[millionday] "I call on the House of Representatives and concerned to set aside the article on pensions high for members of the House of Representatives, ministers and special grades and officials, because it is a paragraph illegal has been deleted from the General Retirement Law Day was in the cabinet, but the House of Representatives returned this paragraph to the law in the voting session ".
And carry-Maliki "the House of Representatives responsible for re-paragraph 38 to the pension law and delay the budget," adding that "peace and pensions new service projects and jobs will disrupt the whole due to delay adoption of the budget."
[millionday] And it seems the truth will not appear on the voice of paragraph (38) of the Unified Retirement Law and the special privileges and allowances of MPs and senior politicians in parliament under the bickering in the media.
[millionday] so as we see Maliki is formally and publicly blaming parliament of the budget delay -- he has sent back the retirement law and claims that the reason they have not gotten paid is their own fault
[millionday] this was emailed to me and is from the Arabic side of CBI
[millionday] Under the patronage of Prime Minister Nuri al-Maliki was attended by the Governor of Central Bank of Iraq d. Abdul Basit Turki Saeed Business and Investment Forum German Third Iraqi held in Berlin / Germany for the period from 19-20 / February 2014 /.
[millionday] so today and tomorrow Turki the governor of CBI is at an business and Investment forum for Iraq in Germany -- very interesting
[dinar dave] Do you think Turki got to ride in Maliki's new jet???
[millionday] I think he probably refused lol
[millionday] this is very important and i will tell you why -- it is hard to believe but refineries are very hard to find in great condition because many countries including ours has not updated them in many years -- and i mean many -- so this is huge for Iraq
[millionday] oil ministry announced yesterday, all lay the foundation stone for the refinery in Karbala card 140 000 barrels per day next Saturday, noting that this refinery is one of the most important projects of the oil industry and the largest in the field of liquidation in the history of Iraq.
said ministry spokesman Assem Jihad said in a statement press release that "the ministry will on Saturday signed decrees contract with Hyundai executing the project and lay the foundation stone for the project,
[millionday] noting that "the production capacity of the refinery will be the card 140 000 barrels per day." He added that "the cost of the contract, which won the establishment by a group headed by Korean companies Hyundai reached six billion and 500 million dollars,"
adding that "the refinery will cover the cost of establishment of the federal budget." The Jihad said that "the refinery is one of the most important projects of the oil industry and the largest in the field of liquidation in the history of Iraq," pointing out that "the refinery will produce petroleum products equivalent to a world-class European specifications developed.
[millionday] this is great and will be extreme for the advancement of the region -- i was shocked to find through research how outdated they are and this refinery will keep them from including other countries to refine their own oil -- very nice
[tbob] keep them from including other countries -- what other countries?
[millionday] i meant that they will have the refinery for their own oil production and wont have to use other countries and will have the revenue from that addition
[millionday] many countries can not refine their own oil due to lack of refineries and Iraq will not be one of them and will benefit financially from this in a huge way
[tourman] like the U.S.
[millionday] yes like the US of A yw all the time
[millionday] this is great news >>>>Al-Shahristani, deputy prime minister of Iraq for Energy, on Wednesday February 19 that the Kurds had agreed to export crude oil through the State Oil Marketing Organization "Sumo".
The al-Shahristani said in an interview with Iraqi television that this step is important to move forward, and solving the problem of Iraq's oil exports. It is noteworthy that a severe crisis erupted between Baghdad and Erbil on the back to stop the Kurdistan region in April / April 2012 to pump oil until further notice because of disagreements with Baghdad on the financial dues to oil companies operating in it.
The origin of the dispute between the governments in Baghdad and Erbil to oil contracts concluded by the region without the approval of the Iraqi central government and Baghdad, which was considered illegal, while the region confirmed that they are based on the Iraqi constitution and the bilateral agreements with the central government
[millionday] so the Kurds and federal government has agreed on the oil issue with the each other and this will be done through SOMO State Oil Marketing Organization
[jbarone21] So they agreed since yesterday?
[millionday] end of report robin --they agreed today our today their yesterday i have more on it too --
[jbarone21] Wonderful. That's a huge step right?
[millionday] oh that is very huge -- the money will be deposited in a separate account as well
[millionday] i have a report on this step so brb im here
[quicktolegit96] does that help the overall situation to push it forward quicker
[quicktolegit96] RV? Or RI?
[millionday] yes that will help it in a huge way -- it was the problem with the budget agreements
[jimplants] It should leed to the hcl?
[jbarone21] Good question
[millionday] it should also resolve those issues as well -- good point ---
[caravaggio] What did the Kurds get out of this?
[millionday] this is the resolve that will solve much of in fact all of the big issues with the kurds and iraq gov
[wmawhite] millionday ......revenues deposited in the DFI,.....correct?
[quicktolegit96] when will this be signed into law if it hasn't already?
[millionday] caravaggio they get the satisfaction of still feeling as though they are an important and respected government input with the intiative and also they get to have confidence that the money is accounted for correctly
[millionday] quicktolegit96 they have agreed on it so they will just sign an agreement as to how they will follow this -- it wont be voted on imo -- just be how the agreement will be done --
[millionday] let me add to that
[crank7] So the Kurds get their 17%?
[wmawhite] millionday .....hopefully,.....the Kurds will now show up in Parliament and vote on the budget.
[millionday] this will be how the agreement and written budget and other agreements will be done and the constitution will be followed still legally so it will be just an agrement or should be
[jimplants] Big smile big smile...now just find me the federal council please ma'am
[millionday] crank7 yes they will get their 17% that part was already agreed on
[dinar dave] This is great NEWS..... Thank you
[crank7] millionday Gotcha!! TY
[millionday] wmawhite that is a good point -- on Sunday due to this agreement we would expect for the quorum to be met in voting on the budget with them happy in this now
[millionday] jimplants we had something on that days ago when you weren't here -- i will keep an eye out for it and its report for ya hun
[sczin11] i thought the budget was taken off agenda for Sunday?
[millionday] there is a report out there about that but it was due to no agreement so we expect it to be back on now
[quicktolegit96] are they meeting for the budget this Sunday? I suppose they are
[millionday] quicktolegit96 yes the 23rd and were supposed to be working on it this whole time as well
[millionday] Kurdistan Prime Minister and Minister of Natural Resources in the region to Baghdad on Monday to promote efforts to settle the dispute with the central government regarding the region's oil exports through a new pipeline up to Turkey.
The government of the Kurdistan region has insisted in the past that you export the crude on its own terms, surpassing State Oil Marketing Organization SOMO Iraq.
Shahristani said in an interview broadcast on Iraqi state television late Wednesday that after hours of meetings, the two sides agreed on the representation of our brothers in the Kurdish region in the institution Sumo and that this port is the only national responsible for the export of oil. He added: "This is an important step forward."
[millionday] Baghdad had threatened to sue Ankara and reduce the share of the semi-autonomous region of Iraqi budget if exports flowed through the pipeline without its consent.
And the establishment of the line was completed late last year, and began pumping oil in it since then to storage tanks at the Turkish port of Ceyhan, but exports did not depart from the port to provide an opportunity for diplomatic efforts.
[millionday] so this is showing just how huge this is -- huge and great to see
[millionday] The head of the International Federation of businessmen in Iraq, the need to develop a package of measures aimed at promoting the economic reality in the country.
He d. Hamid punitive "morning" that the challenges facing the private sector need to create an enabling environment and the start of work required studies and strategies actors that would enable it to discharge really as well as the importance of interaction with the global developments accelerated to support this sector.
[millionday] note -- promoting the economic reality is what we want and what we are doing here -- this is a great report -- the reality is the actual rate inclusive of all other pricing and global market
[millionday] And Acharalakaba the need to steer the economy towards real competitiveness as well as the importance of Review laws and create the foundations and rules that can pivot them to start investing, reminding that the country needs a broad market and the recent need to investors and infrastructure for the development and promotion of pointing out that the country has potential that will bring about an improvement in the economic reality in general and the private sector in particular.
[millionday] so today we saw an invite to all private companies from the US to come and set up shop in Iraq and do business and now we see them talking about the move to bringing the reality to the country economically -- so this would mean they are as they say here working to advance to the global economy (real competitiveness)
[quicktolegit96] do you believe it will come out over 3 to begin with?
[millionday] i believe that it has been stated by saleh that they will begin where it was in the 80`s and we pulled that history and it has all been in the 3$ range so we will see
[festool] Is anbar situation solved
[millionday] festool the UN has been there today and I have a report stating that they are very happy with its solution so we will look at that in a minute
[BGG] festool - I doubt anyone can answer definitively - however, it was odd (the other day) Maliki was quoted as saying he (finally) supported a political solution and then shortly after came an announcement out of the CoM of billions (USD) in funds earmarked for ANBAR reconsruction.
[millionday] Special Representative of the Secretary-General of the United Nations in Iraq, Nikolay Mladenov decisions issued by the Iraqi cabinet on Anbar province, calling them 'a positive step to address the security and humanitarian situation in the province.'
and the transfer of a statement, I got (Agency news ) a copy of it, issued by the UN Mission in Baghdad Mladenov as saying that the proposed plan 'includes many of the ideas that were discussed between the political parties and provide a good basis to reach a national agreement' urging to implement them in concrete in a timely manner and with the consent of all parties.
[millionday] note -- the UN has received the plan for Anbar and they want it done right away and agreed on through all parties -- nice
[BGG] Whatever his agenda in Anbar was - it appears to be winding down...
[quicktolegit96] do you make anything of the four excite changing for a few hours? its in the observer
[millionday] quicktolegit96 just a mistake on their part it was not anywhere else
[millionday] he said UN Mission stands 'ready to support all initiatives that will allow the Iraqi people to live a life not marred by the fear of terrorism in a democratic society based on the rule of law and the protection of human and minority rights.'
statement continued that the United Nations' welcomes the allocation of additional compensation and funds to re- Reconstruction of civilians who have suffered more than others from violence,
as well as the initiative to hold a conference Iraqi year to address issues of national unity and sectarianism '. expressed Mladenov expressed his support for the citizens in the province in what he described as' the struggle against terrorism 'calling' continue to cooperate in the delivery of aid humanity of those affected by the fighting.
[millionday] they will have fighting there for as long as time imo -- but they are working on trying to resolve as much as they can to try to make the spill over in the area as safe as they can --- the laws in place and working with the gov and the iraqi government is helping and this agreement will as well for stricter penalties
[jbarone21] Million day are any other major hurdles for Iraq to hurdle other than the hcl with all the progress they made?
[ric] so,they kurds agreed to go through somo,you think they will agree to deposit in the dfi?
[millionday] yes it is looking very good and the reports are so very positive
[Pablo] So, between this news and the news you brought the other day, are we still looking at this as being the starting gun going off?
[millionday] jbarone21 i dont see any large agreements they need to get through
[quicktolegit96] I know nobody knows the timeline, what are the chances this year?
[festool] IF anbar DONE budget DONE Do we have a qurum?
[millionday] festool they are meeting on sunday about the agenda and also the budget with the agreement i would say
[ric] millionday is there any on the kurds agreeing on where the money will be deposited ie dfi?
[millionday] ric i have seen ny but i have to research more on where -- so i will get back to ya on that if i dont have it tonight
[jbarone21] Million day so nothing is holding up the reality rate?
[millionday] jbarone21 nothing except the points they want to cover on the steps as they told us with a report a couple of days ago -- the workshops have been done or at least the beginning one
Comments may be made at the end of PART 2 THANK YOU