June 28, 2009

Oil Bids Announcements Delayed

Ministry of Oil delays conference to announce firms winning bids to develop oilfields.

I did warn you not be shocked when this announcement was postponed.

More to Follow…

June 24, 2009

Chapter Seven Update

June 23, 2009 – Oil Minister al-Shahristani questioning at Iraq Parliament
June 29-30, 2009 – bids from International Oil Companies to be revealed
July 25, 2009 – KRG Parliament Elections
Mid July, 2009 – U.N. Security Council Special Sessions meeting on Iraq
Mid August 2009 – Ratify Oil Contracts w/Iraqi Parliament
August 21st to September 19th 2009 – Ramadan
October 16-17, 2009, Getenergy for Iraq 2009, to be held in Istanbul, Turkey – New Post
October 2009 – International Compact with Iraq– Date to be Announced – Baghdad
December 7-9, 2009 Iraq Petroleum Conference London U.K.
December 31, 2009 – Development Fund for Iraq (DFI) expires
December 31, 2009 – Article Seven U.N. Charter expires
January 16, 2010 – Iraq Referendum Vote (SOFA Security Agreement)
January 16, 2010 - National Parliamentary Elections

Continue reading "Chapter Seven Update" »

June 23, 2009

Iraq & Kuwait and the Boxes

Important Iraq Dates

June 23, 2009 – Oil Minister al-Shahristani questioning at Iraq Parliament – New Post
June 29-30, 2009 – bids from International Oil Companies to be revealed
July 25, 2009 – KRG Parliament Elections
Mid July, 2009 – U.N. Security Council meeting on Iraq - New Post
Mid August 2009 – Ratify Oil Contracts w/Iraqi Parliament – New Post
August 21st to September 19th 2009 – Ramadan
October 2009 – International Compact with Iraq– Date to be Announced – Baghdad
December 7-9, 2009 Iraq Petroleum Conference London U.K.
December 31, 2009 – Development Fund for Iraq (DFI) expires
December 31, 2009 – Article Seven U.N. Charter expires
January 16, 2010 – Iraq Referendum Vote (SOFA Security Agreement)
January 16, 2010 - National Parliamentary Elections

Continue reading "Iraq & Kuwait and the Boxes" »

June 21, 2009

CBI and Treasury Bills

June 23, 2009 – Oil Minister al-Shahristani questioning at Iraq Parliament – New Post
June 29-30, 2009 – bids from International Oil Companies to be revealed
July 25, 2009 – KRG Parliament Elections
Mid July, 2009 – U.N. Security Council meeting on Iraq - New Post
August 21st to September 19th 2009 – Ramadan
October 2009 – International Compact with Iraq– Date to be Announced – Baghdad
December 7-9, 2009 Iraq Petroleum Conference London U.K.
December 31, 2009 – Development Fund for Iraq (DFI) expires
December 31, 2009 – Article Seven U.N. Charter expires
January 16, 2010 – Iraq Referendum Vote (SOFA Security Agreement)
January 16, 2010 - National Parliamentary Elections

Continue reading "CBI and Treasury Bills" »

June 20, 2009

20 June 2009 Newsletter

Iraq Chapter Seven and the IMF

Everyone would like to see for the most part Iraq get out from under Chapter Seven Resolutions as soon as possible. As I've mentioned in previous newsletters and commentary Kuwait has a major problem with releasing Iraq from Chapter Seven. Last month in May, the Iraqi government had a few setbacks just before negotiations with officials from the United Nations (UN) and the International Monetary Fund (IMF).

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June 18, 2009

Central Bank of Iraq - 17 June 2009

Iraqi Central Bank discusses possibility of removing zeros from Iraqi currency to increase dinar's morale value without affecting its real value.


Just reported in Arab Media...

June 17, 2009

17 June 2009

It has been in interesting week with the Iraqi Council of Representatives (CoR) meeting last Wednesday which is the final day for this week to meet and will again next Tuesday. I guess the CoR was a little upset with what PM Maliki had to say to them in reference to there quest to question Ministers.

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June 14, 2009

14 June 2009 Newsletter

June 18, 2009 UNSC meeting with UNAMI
June 29-30, 2009 – bids from International Oil Companies to be revealed
July 25, 2009 – KRG Parliament Elections
August 21st to September 19th 2009 – Ramadan
October 2009 – International Compact with Iraq– Date to be Announced – Baghdad
December 7-9, 2009 Iraq Petroleum Conference London U.K.
December 31, 2009 – Development Fund for Iraq (DFI) expires
December 31, 2009 – Article Seven U.N. Charter expires
January 16, 2010 – Iraq Referendum Vote (SOFA Security Agreement)
January 16, 2010 - National Parliamentary Elections

Continue reading "14 June 2009 Newsletter" »

June 6, 2009

Oil Executive Arrested

Oil company executive arrested on terrorism charges.

More to follow in the next newsletter.

06 June 2009 Summary

The Public Integrity Commission (PIC) has hundreds of arrest warrants to be served and just recently had served 317 warrants for having forged academic certificates in the last provincial elections. The PIC are concerned at the amount of counterfeiting that is going on.

Rumors are rampant in the Dinar world concerning an RV that is pending soon. We are looking into this and hopefully will provide information on this soon.

Continue reading "06 June 2009 Summary" »

June 4, 2009

June 4 2009 Summary

Have you noticed that some of the things I've written in the Summary now are showing up a few days later in the media. It does help to establish credible contacts.

Continue reading "June 4 2009 Summary" »

June 3, 2009

Iraq Oil Minister

The Oil and Gas committee just asked for the Oil Ministry Hussein al-Shahristani for his resignation…this is developing.

More to follow.

Iraq's Oil Chief Ready for Questions

I mentioned in one of my posts a few days ago that if Iraq does not improve their energy infrastructure and oil wells that Iraq oil exports will drop.

American Contractor Said:

Let's hope they get to the 70 of the most important oil wells in Iraq that have been depleted due to bad extraction methods. I could make a list of how bad the Oil wells are but some other time. I will say the reports are that if nothing is done to get the production levels up very soon than the production level will start to drop from the current levels.

Continue reading "Iraq's Oil Chief Ready for Questions" »

3 June 2009 More Info

New developments in the cause of lifting the immunity from certain Parliament members may have come to a close. It looks like the immunity of those in parliament have been lifted on the condition that the Iraq Council of Representatives (CoR) withdraw there petitions to question the Ministries. The powers to be are asking that the (CoR) can only question Ministry members only when they have sufficient evidence of any wrong doing.

Continue reading "3 June 2009 More Info" »

May 30, 2009

Ex-trade minister arrested at Baghdad airport

Iraq's former trade minister wanted on a corruption charge was detained Saturday at the Baghdad airport after attempting to leave the country, a senior lawmaker said.

The plane carrying Abdul-Falah al-Sudani was ordered back to Baghdad during its flight to Dubai so that an arrest warrant charging him with corruption could be served, said Sabah al-Saedi, the chairman of the parliamentary integrity committee.

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30 May 2009 Newsletter

Important Iraq Dates

July 25, 2009 – KRG Parliament Elections
July 31, 2009 – Iraq Referendum Vote (SOFA Security Agreement)
January 16, 2010 - National Parliamentary Elections
August 21st to September 19th 2009 - Ramadan

Continue reading "30 May 2009 Newsletter" »

May 29, 2009

28 May Newsletter

The Iraq Ministry of Trade resignation saga continues...

Things are getting interesting in regards to the resignation of Abd-al-Falah al-Sudani, the former Iraq Trade Minister. The Iraqi Council of Representatives have decided to go ahead and conduct a vote of 'No Confidence' even after PM Maliki had accepted the Trade Minister resignation on May 14.

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Newsletter dated 27 May 2009

RV UPDATE:

As of 27 May 2009 there is no evidence of a pending RV. The Iraq government budget 2009 has a 20 Billion deficit and to overcome all of this the government is taking a loan from the IMF 7 billion and also allowing the KRG government to export oil to Turkey.

The Iraqi government ministry officials are still attempting to get the following items passed in the Iraq parliament; Political Reform Document, National Reconciliation, the future of Iraq, General Amnesty Law, Implementation of Laws, and amendment to the Iraq Constitution. The government is always trying to solve the issues of the Oil and Gas law and hopefully by the end of the year or early next will we see this issue resolved however I would'nt count on it. The next round of tenders for the Iraq oil fields is next month in June.

Continue reading "Newsletter dated 27 May 2009" »