Oil Committee expects resolution of the Committee of Five Draft 2007 Oil and Gas Law

 Friday, October 05

 Twilight News / predicted oil and gas committee in parliament, Friday, the joint resolution of the Committee of Five Draft 2007 between the drafts submitted to the draft law of oil and gas.

He said the Commission's decision Qassim Mohammed Mchkta in an interview with "Twilight News" that "there is a consensus on the draft 2007 by the parliamentary blocs and the provincial government and its counterpart Federal, it is possible to choose the quintet as a bill for oil and gas or a combination of two draft out format final to them."

The Mchkta added that "the Committee of Five decided to continue meetings until an agreement on the draft of the bill."

The Deputy Speaker Qusay al-Suhail headed, first Wednesday, meeting with Oil Minister Abdul Karim and coffee and Minister of wealth and natural resources in the Kurdistan Regional Government Ashti Hawrami and heads blocks the National Alliance and the Iraqi Kurdistan to discuss oil and gas law.

The Iraqi cabinet approved a draft law of oil and gas in 2007 but faced an objection by the Kurdistan Region.

The Territory government says that the draft law focuses powers, however, the federal government in the management of oil wealth at the expense of the region and the provinces, as proposed by the Commission on oil and energy bills instead of the government but it also raised discrepant.

Since the adoption of the Constitution of Iraq, such as oil and gas law highlighted outstanding issues between Baghdad and Erbil, which is no less important for the leaders of the Kurds on Article 140 of the Constitution.

The dispute is between Arbil and Baghdad on 41 oil contracts signed by the Kurdistan Regional Government since 2007 until now and Baghdad describes as "illegal".

The Kurdistan and Baghdad agreed earlier this month to settle a dispute over oil payments after the Kurdistan pledged to continue exports, Baghdad said it would pay dues for foreign companies operating in the region.

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Expert: raise the quota of the dollar exchange rate in the banks means the success of central bank policy and exchange rate stability

 10/05/2012

Baghdad (news) .. Attributed the economic expert Manaf Al Sayegh, the reasons for the recent actions of the Central Bank to raise (Kuta) Prices of Iraqi banks for the currency, to stabilize the exchange rate of the dinar against the dollar.
Said Sayegh (of the Agency news): The Central Bank to establish new procedures raise quota prices for the currency in Iraqi banks and make market currency market free as a result of the stability and balance of the dinar against the U.S. dollar in the local market, noting that the quota prices imposed on currency in banks previously when the price of the dollar against the dinar.

He added: that the central bank to impose restrictions on the sale of the currency in Iraqi banks when increased demand for the dollar and increased its value against the dinar, ماجعلها procedures achieved a successful balance in the currency.

Sayegh stressed: that the policy of the central bank reduced the difference between the price of the two currencies in the money market and the price of the currency at the Central Bank, adding that the exchange rate of the dinar against the dollar has become parallel and the percentage difference between the two estimates (2%).

He continued: to reduce the difference between the market price and the price of the bank to make a strong Iraqi dinar against the dollar, stressing that the coming period will see a level playing field between the dinar and the dollar.

Sayegh said: demand for the currency attack earlier prompting the central bank to restrict the display of foreign currency ceilings pricing and selling virtual currency in the banks to achieve a balance between the dinar and the dollar. / End / 21. D. Q /

 

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National Alliance reveals a meeting between the blocs to resolve the final position of the Code of infrastructure

 10/05/2012

 

 

Twilight News / revealed mass virtue internalized in the National Alliance, Friday, convening a meeting between the parliamentary blocs next week to resolve the positions of the infrastructure bill, emphasizing the inclusion of all the blocks on the reviews mentioned law.

The head of the bloc Virtue parliamentary Ammar Tohme said in an interview for "Twilight News" that "there is a committee was formed to take notes parliamentary blocs on the bill infrastructure and included in it," noting that "the Committee ended its work to include all the notes on that project."

Tohme said that "next week will see a meeting of the parliamentary blocs to resolve the position of the bill law infrastructure", pointing to the existence of indicators of positive reaction from the blocks to approve the draft law. "

The House of Representatives may raise its meeting held at the beginning of the ninth month to him as a result of the withdrawal of the Iraqi List and the Kurdistan Alliance of the meeting because of their refusal to approve infrastructure law.

The House of Representatives has hosted, in 15 of the last month, Prime Minister Nuri al-Maliki, at the request of the latter to discuss infrastructure law, where the al-Maliki reviewed in front of the House of Representatives what can be achieved by private law and paragraph payment on credit in improving the fact the service in the country.

The House of Representatives decided, on 16 September last, to postpone the approval of the draft law infrastructure to further notice, at the request of the heads of the relevant committees to make a thorough study, as well as what can be achieved by economic feasibility.

The House of Representatives rejected the former Iraqi infrastructure bill tabled by the government at the time, and the law requires that grant investment companies large infrastructure projects worth $ 70 billion postpaid way when many industrial countries of the world, including a major financial crisis in.

But the bill new infrastructure requires the implementation of foreign companies, especially Korean infrastructure projects, such as schools, hospitals, water projects, in a way that payment on credit by $ 35 billion.

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MP Nrmo: failure to resolve the crisis will push the blocks to form a majority government

 10/05/2012

Baghdad (news) .. MP / coalition of Kurdish blocs / Hassan Hussein Nrmo, that accommodation to form a majority government to get rid of the crisis, noting that the Kurdistan Alliance will remain exercised the role of mediator to resolve differences.
And said Nrmo in a statement (of the Agency news) Friday: President Jalal Talabani will call the leaders of the political blocs to a national meeting to bring the views among themselves and agree on solving problems.

He added: There are signals from all the political blocs as not to reach agreement on differences will be resorting to form a majority government, demanding political blocs Pfsh way for the formation of this government because they form a majority government is at the top of democracy.

The MP said the coalition of Kurdish blocs: that the coalition will remain exercised the role of mediator in a while to reach agreement on differences that can not will have another position taken by the Kurdish leadership in a timely manner.

The leader of the solution Bloc MP / coalition in Iraq / Ziad worldwide abolition, he saw that there was no way or option to resolve the current political crisis, go to form a majority government with the presence of opposition in the House of Representatives.

The worldwide abolition in an earlier statement (the news): The differences between the political blocs will continue until the end of the current parliamentary session, and there is no way to solve it only form a majority government political and parliamentary opposition to push the political process forward. / End / 2. N. P /

 

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