NEWS (Iraq & World Currency)
* Iraq delivers 136 rolls of micro film from the archives of newspaper Kuwait in the presence of United Nations
Sumerian News / Baghdad announced that the Iraqi embassy in Kuwait on Wednesday that Iraq handed the Kuwaiti side 136 Micro film from the archives of newspaper on the Kuwaiti official.
* GOI Spokesman: Outstanding issues with Kuwait need high-level meetings to resolve
Karbala, February 22 (Rn) – A spokesman for the Iraqi government said on Wednesday that the outstanding issues between Iraq and Kuwait need for high-level meetings to resolve it, pointing out that the Iraqi government has a certain vision in supporting the private sector.
* UN: We are ready to work for the promotion of democracy in Iraq
Erbil, February 22 (Rn) – The Regional Director for the United Nations Program for Development (UNDP), Wednesday, on the role of the House of Representatives in the transition taking place in Iraq, noting that the United Nations stands ready to work for the promotion of democracy in Iraq.
* Member of Committee on Energy: Warns Kuwait of its use of horizontal oil drilling into Iraq oil fields
Baghdad (news) .. Warned a member of the Committee on Energy and Oil MP / mass change / Bayazid Hassan Kuwait over the rights of Iraq’s oil through the use of horizontal drilling on its oil fields near the Iraqi border.
* Finance committee approves the allocation of 2% of its oil revenues to Iraqi citizens
Wednesday February 22, 2012
The Finance Committee that it had agreed to be a financial allocation of 2% of oil revenues and the budget included and distributed to the Iraqi people.
The MP said the Liberal bloc Zamili governor: “The bloc demanded that the money given to the citizen and not as items in cash and then do not apply.”
* MPs to vote on budget bill tomorrow; Oil revenue allocation provides citizens 10m IQD ($8,500 US) each
ERBIL, Feb. 22 (AKnews) – MPs will vote on the budget bill tomorrow after receiving the Finance Committee’s final report on the proposed legislation.
Second Deputy Speaker of the House of Representatives Aref Tayfur said no parties, including the Kurds, have objected to the bill as a whole.
* U.S. agency: important amendments to the oil contracts for the next licensing round
22/2/2012 | (Voice of Iraq) – add comment – Baghdad / follow-term sources American journalist that Iraq had important amendments to the oil contracts in the licensing round, the fourth is expected to take place in May next, and pointed out that these amendments provide for global companies to obtain large concessions, including 100% of the share of projects, as well as compensation for any delay caused by the government.
* Brent crude down towards $ 121 due to concerns about the euro area
22/2/2012 | (Voice of Iraq) – Add Comment – SINGAPORE (Reuters) prices of futures contracts for Brent crude was down near $ 121 a barrel, down from the highest level in nine months, a result of weak data for the manufacturing sector in China and renewed concerns about the debt crisis in the euro area,
* Iraq Boosts Oil Export Capacity
This article was written by Ali Sarhan, and was originally published by the Institute for War and Peace Reporting, iwpr.net. It is reproduced by Iraq Business News with permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News.
A plan to triple Iraq’s oil exporting capacity took off with the inauguration of the first floating terminal in the Gulf port of Basra this week.
* Al-Qaeda Believed to be Behind Iraqi Dinar Racket
AKnews reports that businesses and currency traders are rejecting 10,000 dinar notes because of rumours about the increasing spread of counterfeit currency.
Government sources said last year that an estimated 7 billion dinars worth of forged 10,000 notes came into Iraq from Iran.
* January Crude Oil Exports Slightly Down
Exports averaged 2.107 million barrels per day in January, compared to 2.145 million bpd in December.
* Iraq OKs Petrofac’s $330m Oilfield Tender
Reuters reports that Iraq’s cabinet has approved a $329.8 million tender with British oil service firm Petrofac for the country’s Badra oilfield.
Petrofac plans to build a major crude processing facility to help production at the field to reach 170,000 barrels of oil per day (bpd) in 2017, a target which was set by Iraq’s oil ministry.
* American Parliamentary Intelligence: Withdrawal “big mistake”
Baghdad / range expressed a number of politicians Alamirkan regretted the decision of the departure of U.S. troops from Iraq, stressing that there is a lot of problems left by the withdrawal. However, the State of Law Coalition led by Prime Minister Nuri al-Maliki said that these problems are normal due to the presence of American forces in the country , diminishing the importance of the remarks the United States
* Traders: the phenomenon of dumping commodity markets cast a shadow on the Basra
Basra / Resan Cheetah markets are local in the city of Basra dumping Commodity remarkable for the decline of the local product, in the absence of government action to reduce this phenomenon, which is usually cast a shadow on the movement of local markets. According to media sources and informed economic markets in Basra has become a hotbed of goods.
* Ahrar bloc to boycott budget vote unless demands are met
22/02/2012 09:19 BAGHDAD, Feb. 22 (AKnews) – The Ahrar parliamentary bloc has renewed its threat not to vote for the 2012 federal budget unless its demands are implemented.
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