Millionday Roundtable 10/09/13
[millionday] Central Bank Governor Abdel Basset Turki said at the annual meetings of the International Monetary Fund and the World Bank as Governor of Iraq to fund in Washington. A statement from the Central Bank received (News Agency), a copy of: the delegation of the Central Bank, led by Governor left for Washington to participate in the annual meetings of the International Monetary Fund and the World Bank as the Governor of Iraq's mutual fund
[millionday] be back -- looking around
[millionday] Research and Foreign Minister Hoshyar Zebari on Wednesday, in the office of the ministry, with U.S. Ambassador Robert Stephen Beecroft, bilateral relations and the upcoming visit of the Prime Minister to the United States.
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According to a statement of Foreign Affairs received the Agency (news): He was During the meeting they discussed relations, Iraq - U.S. and political and security situation in the country, and stand on the ongoing preparations for holding the upcoming legislative elections.
Statement added: The two sides discussed the upcoming visit of the Prime Minister to the U.S. and a number of issues of common interest in the forefront of political and economic cooperation, as has been discussed the regional situation in the region.
[millionday] i would like some economic cooperation i would think we are going to see a lot of prepping for the upcoming meetings
[wmawhite] Does the delay in the elections until March 2014 have an effect with the raising/deletion of the zeros?
millionday] here is this interesting news -- Chaired by His Excellency the Minister of Communications of the first sessions of the Conference of the telecommunications sector in Iraq, in the presence of an inspector general of the ministry and general manager of communications and general manager of Internet and general manager of planning and follow-up and a representative Undersecretary oldest and technical representatives of the private sector companies.
Been discussed many themes raised at the dialogue table in the conference including revision of regulations international communications, and strengthen the legal framework and institutional framework to support the growth of the telecommunications sector rapid in Iraq,
and the development of a successful partnership to drive growth and bring new opportunities for Iraq (at the level of high-quality, after-out of the item VII),
[millionday] delay ? they arent scheduled until april -- that would be moving it up -- interesting that they are doing that march right ?
[wmawhite] millionday ...............some have called for a delay until after the elections..........your thoughts??
[millionday] i dont think it will matter and i have to say i would believe that maliki would want it done before so it is part of his history
wmawhite] millionday ....concur
[RLAAAHL] millionday Slow news day?
[millionday] this is another conference -- i will start over with it sorry
[millionday] no i am just too chatty lol
[dlherm] millionday lol
[RLAAAHL] millionday No I meant not much out there
[millionday] here this is again -- lets look at this conference -- i agree -- all preparation stuff really
[millionday] Chaired by His Excellency the Minister of Communications of the first sessions of the Conference of the telecommunications sector in Iraq, in the presence of an inspector general of the ministry and general manager of communications and general manager of Internet and general manager of planning and follow-up and a representative Undersecretary oldest and technical representatives of the private sector companies.
Been discussed many themes raised at the dialogue table in the conference including revision of regulations international communications, and strengthen the legal framework and institutional framework to support the growth of the telecommunications sector rapid in Iraq, and the development of a successful partnership to drive growth and bring new opportunities for Iraq (at the level of high-quality, after-out of the item VII),
[millionday] and evaluate the role of foreign funding to expand the Iraqi Communications and address the requirements of vital infrastructure and the definition of law pivotal infrastructure,
as well as the study of how to motivate companies to support the deployment of telecommunications infrastructure of Iraq, and the definition of the requirements of a network of Iraq and match them with appropriate solutions,
as well as a discussion of all that is new and based system for submarine cable link between Iraq and the major markets, as well as evaluating the development of fiber Iraqi and Internet and accelerate steps towards building infrastructure,
and evaluate changes in the market for portals influence of the Internet of Iraq, and work to overcome the challenges facing Internet companies in Iraq, in addition to the discussion of how to overcome challenges facing the movement of data and the role of Iraq as a communications center, as well as discuss the draft National Iraqi Satellite Communications.
millionday] so this is actually going on -- not coming up
[millionday] wow are they moving fast dotting their t` s-- this is the internet service in with the data entry system and the meeting to declare that it is right and what will come to follow
[millionday] telecommunications is something we have come to be very used to -- so it is hard to imagine how much we use it -- it even covers being able to check your balance -- stocks that you have --- credit cards -- the government being able to adjust and be transparent --- the rate able to move with the market --- real time--- so much that they are covering in this little word
[dlherm] millionday yeah but I am old enough to remember when we didn't have it. Heck I worked in banking and watched it all unfold here.
[millionday] and also it is huge in their and all stock markets due to the uses and the huge market smile
[millionday] Began the modern new refineries and major commercial companies in turning its sights on the tankers capable of long distances and harbors with large storage capacity in the major centers at a time of change refiners and traders based approach for decades in the context of the struggle to win new markets.
And benefit latest refineries in Asia and the Middle East and the United States from the lower cost of raw materials and energy, taxes and the lack of regulations.
This allows them to compete with local refineries in Europe, Latin America and Africa to sell products such as gasoline, diesel and gas oil and jet fuel. And refining companies looking to increase sales and then use the long-distance carriers, which is a payload capacity of 75 thousand tons, equivalent to twice the payload conventional tankers for petroleum products.
[millionday] The main refineries, which exports its products Jamnagar refinery, a subsidiary of Reliance Industries and Indian production capacity of 660 thousand barrels per day and the new Jubail refinery in Saudi Arabia, which has a capacity of 400 thousand barrels per day, a joint venture with Total.
And said Dario Skafarda the Director General of the Italian Saras group Independent during the refining of oil and money conference in London this week, "All engines (commercial) change."
The target of some major refineries on the coast of the Gulf of Mexico in the United States is also the world market at a time when increase the production of gasoline and diesel thanks to the abundance of oil shale local low-sulfur light.
Among these refineries Motiva refinery production capacity by 600 thousand barrels per day in Port Arthur owned companies Royal Dutch Shell and Saudi Aramco. And began to companies including Shell, Total and Vitol also use more ships long distances over the past months to transfer diesel from the coast of the Gulf of Mexico in the United States to Europe, a commercial line is getting crowded.
[millionday] more money to be made
[Domino] millionday So it looks as though they are making and discussing deals all over the world, correct?
[millionday] it sure does -- look at the market impact there the refineries are a huge issue for gain - ours are old many are old -- so of course there is money to be made in advancements but the recession bit that in the ars
[Domino] millionday The sad thing about that is the price of oil needs to remain high enough for businesses to invest in their own infrastructure, even though there is no current need for the price to be as high as it is.
[millionday] It is expected to increase global refining capacity by about ten percent over the next five years to 106.7 million barrels per day, and the superiority of demand is expected to reach about 95 million barrels per day.
Will increase competition among refiners only unit. And said Rob Niggst, CEO of Vitol Tank Terminal, a subsidiary of Vitol oil, told Reuters in an interview, "European refineries negatively affected by large investments in India and the Gulf region."
Bot said Aernaot, commercial director of the company Vitol Tank Terminal in the same interview, "What is important here is the presence of ports capable of receiving large ships. These refineries will produce huge quantities."
[millionday] Legal experts and lawmakers because the causes of delayed legislation on services of interest to the citizen, to the political struggle between parliamentary blocs, and the lack of a methodology for prioritizing the laws that come from the Council of Ministers for approval.
The Member Services Committee of the House of Ihsan Al-Awadi to 28 draft law came from the Council of Ministers to the House of representatives is discussing the adoption of 18, with ten laws stopped while it affects the lives of citizens relating to infrastructure and services, energy, oil, housing and economic side, as a result of the objection of some blocks and for reasons related to the political conflict between the legislative blocs, or Moody house management include the discussion of laws.
[millionday] According to a member of the Parliamentary Committee on oil and energy ULI Shara that discounts between leaders of political blocs and the incompatibility between those blocks clear negative repercussions on the adoption of laws that concern the lives of citizens, calling for a comprehensive review of the latter in accordance with the rules of procedure, noting that it is the duty of the Presidency of Parliament which repeatedly requests need to include SOA in laws top priority for discussion and approval.
Say morning karbouli, legal adviser to the speaker of the House of representatives that the Council Presidency offering projects that come from Cabinet and the Council of State, high professionalism of presentation and discussion at meetings of the House of representatives, but political differences among the parliamentary blocs to pass most legislation, indicates that there are boycotting the meeting for his objection to some laws, forcing the Council Presidency to withdraw and the postponement of the submission.
[Rudie] Does this sound like they are going back to their old tricks of not showing up?
[millionday] they are saying that some of them dont come because they dont agree and also they are saying that it is the president of the house responsibility to get them there and enforce
[millionday] so that is the laws -- the rest is preparation and i have to run an errand so will see you in a bit
[Rudie] k thx for clarification. smile
[millionday] love to ya