aggiedad77 » January 26th, 2014, 12:26 pm
Good Sunday Morning Family.....now the first morning news:
Finance issued a schedule of goods covered by tariff
The Ministry of Finance has issued a list of 109 items that are covered by the new Tariff Act. What they mention specifically regarding the taxes includes: 80% on alcohol, 50% on cigarettes and fireworks, and 5% on many other goods such as gun powder, match sticks, and jewelry. As has been reported before, these items are to be taxed at all ports including the Kurdistan region and any non-compliance will be met with potential sanctions.
Sumo is seeking to enter the Iraqi oil to the African market
The national oil company SOMO is looking to expand future oil markets into Africa in coming years....they recognize that as their production expands to 6 million barrels of oil per day, they also need to expand their export capability to other countries.
Iraq's oil is at a crossroads
A long article that concerns the oil production and sales of said oil from Kurdistan. It seems the Kurds announced publicly back on the 8th of January they were starting to pump oil to the large reservoir storage tanks in Ceyhan, Turkey and by the end of January they will have pumped 2 million barrels of oil to Turkey. I'm assuming this is the total amount expected for January. There is still no agreement between Baghdad and the Kurds on the oil issue with Baghdad stating they will sue parties involved in the pumping of the oil illegally. So the battle continues to seesaw back and forth.
Read More Link on Right
Former Iraqi spokesman Ali al-Dabbagh threatens PM Maliki
It seems that former Iraqi spokesman al-Dabbagh has been receiving threats from the Iraqi government since he was relieved of his post as spokesman. He has issued warning to Maliki that if the threats do not cease he will release information concerning stealing and corruption that has stemmed from Maliki's State of Law Coalition, that includes personal interests as well as political and election interests.
Maliki gives Kurds three options to solve problems with Baghdad
Well this is certainly an interesting twist to budget concerns between the Kurds and Baghdad, no where in Maliki's options does the word "oil" appear. The three options that Maliki spoke of include: 1. the Kurds are to allocate the Peshmerga salaries from their portion of the budget; 2. the Peshmerga are to become a part of the Iraqi Army; and 3. to amend the constitution. At this point it is a bit unclear who's constitution he is referring to.....but I will venture a guess and say the Kurdistan constitution....he is asking the Kurds to not add new articles to the constitution each year as this just complicates things. Maliki also stated that if the 2014 budget is not approved by the end of this month (there is a deadline).....then other policies will be forced into play.....and they will not be pretty......SO AS I STATED I DON'T SEE "OIL" ANYWHERE IN THIS SO PERHAPS THEY HAVE THAT AGREEMENT IRONED OUT.
Rapporteur of the parliament: the inability of Parliament approving the budget, less than two months
This article is just a rehash of the same apparent blocks to the 2014 budget that we have been hearing about for the last week....the biggest issue for all oil producing provinces is the petrodollar....then the next biggest issue is the Kurds problems with the budget....but from the article above this, it sounds like they have come to some agreements. I personally do not see the petrodollar issue as being a problem to hold this up for 2 months....so I believe this to be unfounded. Tuesday should be a big budget day for everyone.
Kurdistan government advisor: Independence from Iraq in five years
Well we have a Kurd energy analyst stating that within 5 years Kurdistan will be independent from Iraq. This is an interesting time frame, that seems to be well thought out, they know they can't do this overnight, that it will take time. They are much further along in this drive than any other province of Iraq. To make this happen, the Kurds are placing a heavy responsibility on their ability to produce oil and gas....they have created a pipeline into Turkey and the Turkish government has dedicated three 250 million barrel tanks at the coastal city of Ceyhan to specifically handle the Kurds oil. Things are being set into play to make independence doable for them it seems.
Oil deal with Kurdistan cuts short Turkey-Iraq honeymoon
Talk about a squabble that reminds me of the feud between the Hatfield's and the McCoy's here in the US.....Maliki, the Kurds, and the Turkish government all have shotguns pointed at one another, though the Turkish shotguns are not as visible. Maliki claims he will make good on threats of suits against Turkey for accepting oil from the Kurds that was not approved by Baghdad to be pumped over the border.....the Turkish government is saying this is an issue between the Kurds and Baghdad. But tie this to the article above.....and I have to believe this issue has been resolved....JMO.....if this isn't the case then we may well see relationships disrupted between Iraq and the US as well as with Iran.
Chalabi: the Integrity Commission to investigate the billions spent by far-Maliki
The leader of the Student National Congress in Iraq is suggesting that the Integrity Commission needs to review the enormous spending that Maliki may have been guilty of in preparation for upcoming elections. This may very well amount to billions of dinar that has been seen as wasteful spending.
Busy week for Kurdistan Region President in Davos
It is very clear that President of Kurdistan Barzani is representing only Kurdistan at the Davos meetings this week. He has met with Exxon-Mobil and Chevron executives, as well as the heads of several European countries trying to lure their business into Kurdistan. From the lack of other news regarding Iraq at the Davos conference it would seem there are no other Iraqi representation there.
Nujaifi Blasts Maliki in Washington, Calls for US Support in Iraq’s War on Terror
Najafi reportedly stated on Thursday that not all Anbar problems are terrorist related......and basically denounced the Iraqi Army's waging of war within the province. He stated that there are political problems and rights that require political resolution....the same that has been stated from the US already. Najafi claims that the Iraqi Army has been disarming and persecuting many of the Anbar tribesmen, the same that helped the American soldiers in the past fight al Qaeda and this is bringing about great strife between the tribes and the Iraqi government and allowing al Qaeda to move back in stronger than ever. Najafi made no bones about his dislike for Maliki and his policies and how he runs the government. Pointing to Kurdistan and their way of developing an organized and workable government is a model to all Iraqi provinces....stating that the Kurds seek an autonomous relationship with Baghdad and he felt that other provinces will seek the same unless changes are made.
"Time to" get close to the Central Bank provides funds to book one of the defendants in the conversion of financial scandal
This is a very interesting document, obviously coming out of the CBI, looking for a fugitive named Ali Ghulam Muhammad....the CBI letter draws attention to all foreign banks doing business in Iraq possibly with this individual. It seems that this same article speaks to an alleged scandal that some companies, and by this I am assuming foreign banks are being accused of smuggling Iraqi funds abroad.....some of this money is going abroad to support giant projects in places like Jordan and Syria.
Parliament voted Tuesday to three laws and read the other five, including the budget
The upcoming meeting of the House of Representatives on Tuesday will convene to vote on a draft law amending the Law on Judicial Organization, a bill to make treaties, and the draft labor law. The first reading of the 2014 draft budget and the bill to combat drugs and psychotropic substances....it was also noted that Parliament will seek to speed up the adoption process of the budget....there are also several items that will be ready for their second reading on Tuesday as well.
Maliki, a betray the future of Iraq
This is an editorial type article that is pointing at Maliki for his cold-hearted manner of ruling Iraq ever since he first took office....that he was put there by the US....and has managed to become a pawn of both the US and Iran. Maliki will attempt to run for a third term the article states, but he will not have the backing that he has enjoyed in the past....largely due to his mismanagement of things with the government and it is believed that Iraqis of today regret their decision of the past.
Khalidi: the budget will read the first reading at Tuesday's session
Just an article that confirms the budget will receive its first reading on Tuesday.
StanChart sponsors Iraq banking summit
Standard Charter will be the lead sponsor of Iraq Finance 2014 in Dubai on January 27 and 28. The conference will bring together Iraq government and Central Bank officials, as well as the Minister of Finance and other leading financial executives and international bankers.
Imprisonment director of credit in the Trade Bank of Iraq  months for causing the loss of  billion dinars
The manager of the Credit Department of the Trade Bank of Iraq has been sentenced to six months prison for having lost 12 billion dinars while in this position. The Integrity Commission is demanding harsher penalties than six months in prison, stating that the punishment is not commensurate with the crime.
Well I will stop here with this mornings news summaries......as it is time that I snowblow a bit....unless someone wants to volunteer for that job......I didn't think so.
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[xyz] o boy ... never seen this:The Men that Crashed the World… LINK
[.SEDNET1] Sunday Snickers A passenger in a taxi leaned over to ask the driver a question and tapped him on the shoulder.
The driver screamed, lost control of the cab, nearly hit a bus, drove up over the curb, and stopped just inches from a large plate glass window.
For a few moments everything was silent in the cab, and then the still shaking driver said, "I'm sorry but you scared the daylights out of me." The frightened passenger apologized to the driver and said he didn't realize a mere tap on the shoulder could frighten him so much.
The driver replied, "No, no, I'm sorry, it's entirely my fault. Today is my first day driving a cab. I've been driving a hearse for the last 25 years."