The Dinar Daily, Friday December 12, 2014 - Page 2
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  1. #11

    Re: The Dinar Daily, Friday December 12, 2014

    Governor of the Central Bank: compensation citizens of Daash attacks amounted to $ 5 billion



    The governor of the Central Bank of Iraq, the relationship, that "the compensation owed by the Iraqi citizens organize Daash terrorist attacks, amounted to about 4.5 billion dollars."

    The words Keywords in a press statement on the sidelines of the sidelines of the fifth summit of the Bosphorus, which was launched in Istanbul last Wednesday, and concludes today, with the participation of ministers, experts, academics, and business leaders to discuss investment opportunities, and joint action.

    He added, "we have concluded contracts worth billions of dollars arming, due to the continuation of the war on Daash, and the damage was greatest juniors share our cities, and our citizens, and we are determined to avoid the damage."

    The governor of the Central Bank of Iraq, "We had a meeting in Istanbul with a delegation from the International Monetary Fund, expect the biggest economic decline due to lower oil prices by about 30%, is added to the Daash control of the trade routes with the Kurdistan region."

    On the decline in global oil prices he said: "We can increase our production, unlike the rest of the members of OPEC [Organization of Petroleum Exporting Countries], where we have not reached yet the maximum allowed us in this context, because of the problems faced by our country, through dozens of past years."

    He pointed out, "is still our production and Sadratna less of our energy, and we have the right to Zaadthma", "adding that" Iraq's oil production will reach 4 million daily barrels by 2016 ".

    The working Council of Ministers on the study of the preparation of the draft budget law, which was scheduled to be approved in its meeting on 29 of last month but postponed that the sharp drop in global oil prices, which fell below $ 63 what is causing the rise in disability rates, with the formation of a ministerial committee shall conduct a comprehensive review of public expenditure of the State; to come up with recommendations to address and reduce the projected deficit in the budget. "

    As finance minister, Hoshyar Zebari, revealed the intention of his ministry reducing the budget in 2015 to 120 trillion dinars, after it was 155 trillion dinars to reduce the deficit through a review of its provisions with the Ministries of State, and the search for domestic sources to reduce the deficit rather than borrowing Alojunba.anthy.

    https://www.kululiraq.com/?p=136416



  2. #12

    Re: The Dinar Daily, Friday December 12, 2014

    Energy Agency expects to export 300-400 thousand b / d of Kurdistan and Kirkuk oil in 2015



    Twilight News / International Energy Agency said Friday that it is expected that oil exports ranging from Kirkuk and the Kurdistan Region of Iraq between 300 thousand and 400 thousand barrels per day in 2015.

    Comes Agency estimates which were based on regional and Western sources from the sector after reaching an interim agreement between Baghdad and the Kurdistan Regional Government this month on the long-running dispute over oil sales.

    Energy Agency reported that sources believe that the independent pipeline of the Government of Kurdistan has increased, including energy could add more oil to the global oil market, which has already seen a 45 percent drop in prices since June because of an oversupply.

    The agency said that the Paris-based in its monthly market "regional and Western industry sources believe that exports from northern Iraq - including the future of the Kurdistan Regional Government and Kirkuk - volumes could rise to an average of between 300 thousand and 400 thousand barrels per day in 2015 If you abide by Baghdad and the Kurdistan concluded in the second of December. "

    She added, "They say (sources) he has been re-employment pipeline Kurdistan Regional Government and can transport up to 550 thousand barrels per day."

    The agency cut power Friday its growth forecast for oil demand and said it was likely that prices under further pressure. Brent and went down to the lowest level in five years at $ 62.75 a barrel after the IAEA report.

    After a bitter dispute lasted years Erbil 250 thousand barrels per day will be delivered from the raw product in Kurdistan for the Oil Marketing Company (SOMO) of the central government under the current month agreement will allow pumping 300 thousand barrels per day from the Kirkuk oilfields in northern Iraq by Kurdish pipeline to the Turkish port of Ceyhan.

    He stopped work Baghdad pipeline extends to Ceyhan since early 2014 after being attacked by gunmen which led to most of the supply interruption Kirkuk. Line passes lands currently held by the organization Daash.

    Kurdish forces took control of Kirkuk and Bai Hassan field next door in June after the Iraqi army withdrew in the face of progress Daash.

    The government of Kurdistan controlled in the former reservoir on only one of the three reservoirs in Kirkuk, a Khormalp while the Baghdad government to the North Oil Company manages Mkmena Ivana and Alibaba.

    The IEA said "in November managed the Kurdistan Regional Government to increase the pipeline flows to about 300 thousand barrels per day, thanks to inflows of $ 120 thousand barrels per day of Ivana and Bai Hassan."

    She added, "By early December, the government of Kurdistan was transported up to 350 thousand barrels per day to the Turkish Mediterranean coast, according to regional sources," but pointed out that it is not yet the size of the quantities that were stored instead of the crude exported from clear.

    https://www.kululiraq.com/?p=136352

  3. #13

    Re: The Dinar Daily, Friday December 12, 2014

    Deputy calls to activate the various sectors to supplement the economy and not rely only on oil

    Called an MP for the union coalition Iraqi forces Nahida Daini, to activate the various sectors of their own identity and activated to supplement the resources of the Iraqi economy, the country needs and to minimize the financial crisis afflicting.

    She Daini told all of Iraq [where], that "it is necessary to activate the important economic aspects of agriculture, industry and investment and to create the appropriate atmosphere for use in the present time and in the future what we are going through the Trov economic volatile."

    She stressed the revitalization of the agricultural sector increased by 100% and no activation formality through farmer support through the provision of fertilizers and giving him a share of the water and the area of ​​freedom, as well as preventing the importation of fruits and vegetables, because we know that there is a drying of the orchards and converted into cities process, in addition to cancel so Taatcespb laws import fruits and vegetables from abroad.

    They pointed to the importance of stimulating economic and investment sectors by adjusting the investment law and industries in Iraq before 2003 ".

    She continued, "must be enabled private and mixed because of its sector of importance in addition to support investors, and to provide all facilities for them, to be Iraq's space industry as well as the revitalization of the border crossing points, and the agreement with the Kurdistan to be there is a special tariff and customs Aldharyibh Guanyin."

    She concluded that "the Finance Committee has engaged two consultants, experts and began to develop a new financial that are imposed customs tariff, through the imposition of taxes on a number of goods that are not imposed on them in the past."

    It is said that Iraq is witnessing great economic decline due to lower oil prices, and other factors, the negative impact on the general budget of the country, and the deterioration of the economic sphere in general. Ended 2

    https://www.kululiraq.com/?p=136255

  4. #14

    Re: The Dinar Daily, Friday December 12, 2014

    Brent down to the lowest price in more than 5 years



    Twilight News / inn Brent Friday for $ 63 a barrel to its lowest level since July 2009 July constantly influenced by fears of a glut of global supply and demand prospects bleak.

    Brent fell nearly nine percent since the beginning of the week and about 45 percent compared with its peak in June, where $ 115 a barrel exceeded, according to Reuters reported and seen by "Twilight News".

    The International Energy Agency is likely that oil prices are exposed to more downward pressure and cut its forecast for demand growth in 2015 is expected to rise over supplies from outside the Organization of Petroleum Exporting Countries (OPEC) of oversupply.

    And reduced the agency - which advises industrialized nations on energy policy - its forecast for global oil demand in 2015 by 230 thousand barrels per day.

    The OPEC, which contributes one-third of global oil production this week lowered its forecast for demand in 2015 to its lowest level in more than ten years.

    The price of Brent crude down 85 cents to $ 62.83 a barrel at 0922 GMT.

    US crude fell as the price of $ 1.04 to $ 58.90 a barrel after falling to $ 58.80 its lowest level since July 2009. Crude and lost about ten percent since the beginning of the week.

    https://www.kululiraq.com/?p=136238

  5. #15

    Re: The Dinar Daily, Friday December 12, 2014

    Parliamentary energy: oil exports will rise to 3 million barrels except production region and Kirkuk



    Commission on oil and energy parliamentary announced near the height of Iraq's crude oil exports to 3 million barrels per day, with the exception of the production of the Kurdistan region and the province of Kirkuk.

    The Vice-Chairman of the Committee on the Qubool told all of Iraq [where] that "The oil ministry has taken it upon themselves to develop a program three years ago to increase exports, and there is gradual directly proportional to the capacity to arrive soon to 3 million barrels spread over fields of the South, mainly the Basra, Maysan and Dhi Qar and Wasit. "

    He added that "these exports added to the agreed amount of oil in the northern region include the Kurdistan region of 300 000 barrels and 250 000 barrels of Kirkuk province and this total, will Brphi financial budget and that it was something as simple as our ambition was to increase the production capacity to four million barrels per day in 2015 from the oil fields in the north and the south produce. "

    He Qubool "optimism to produce 250 000 barrels of the region and the addition of imports at the expense of the national oil company Sumo."

    The Oil Ministry announced on the first of the month that the statistical initial oil exports for the month of November last achieved a rise in the average daily quantities of exported crude oil compared to previous months, reaching 2.51 million barrels.

    The spokesman said the ministry, Assem Jihad said in a statement received [where] a copy of "the amount of total exports amounted to 75 million and 310 000 barrels revenues amounted to five billion and $ 250 million based on the price of $ 70 and 4 cents per barrel."

    The federal government and the Kurdistan Regional Government has announced in two of this month to reach an agreement in relation to oil exports and the region's share of the budget.

    Under the agreement, the export of the Kurdistan region 250 000 barrels per day through Turkey's Ceyhan line with the export of 300 000 barrels of the province of Kirkuk fields through the same line, and delivery of their revenues to the federal government, which agreed to turn the Kurdish Peshmerga forces paying salaries as part of the security system Alaracah.anthy 2

    https://www.kululiraq.com/?p=136196

  6. #16

    Re: The Dinar Daily, Friday December 12, 2014

    America .. approve the spending bill trillion dollars



    BAGHDAD / follow Baghdadi News / ... The US House of Representatives approved a bill to spend $ 1.1 trillion to fund most federal agencies until the end of the current fiscal year on the thirtieth of September 2015.

    The Council approved by a majority of 219 votes against 206 votes in a ballot on the project, which will be financed by the Department of Homeland Security until the end of February only to give Republicans an opportunity early next year to try to stop the immigration reforms proposed by President Barack Obama.

    However, the project still needs Senate approval before it is sent to Obama for his signature to become law.

    An aide to the leader of the Republican majority in the House of Representatives is likely to approve the Council at a later date on a separate bill to fund the federal government for two days.

    This project is necessary to give the Senate more time to pass a spending bill of $ 1.1 trillion and avoid government stopped working at midnight on Thursday, the date of the expiration of the current funding.

    The US House of Representatives approved last September on legislation to fund the federal government agencies, starting from the beginning of October until December 15, but it included a clause hamper Obama's program to reform the health care system, which is known as "Obama Care".

    At that time, Obama warned that continuing budget crisis negatively affect the image and reputation of the United States in the world.

    Obama said at a news conference: "Every time we are about these things, our reputation in the world are affected. As if we do not know where we are headed, ".anthy

    https://www.kululiraq.com/?p=136109
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  7. #17

    Re: The Dinar Daily, Friday December 12, 2014

    Iraq's oil production will reach 4 million barrels per day by 2016



    said Governor of the Central Bank of Iraq on the Keywords, on Friday, that Iraq's oil production will reach 4 million barrels per day by 2016, indicating that the compensation owed ​​by the Iraqi citizens organize Daash terrorist attacks, amounted to about 4.5 billion dollars. "

    Keywords and said in a press statement on the sidelines of the sidelines of the summit, the fifth of the Bosphorus, which was launched in Istanbul last Wednesday, and concludes today, with the participation of ministers, experts, academics, and business leaders to discuss investment opportunities, and joint action.

    "We have concluded contracts for the arming of billions of dollars, due to the continuation of the war on Daash, and damage the larger juniors was awarded to our cities, and our citizens, and we are determined to avoid damage. "

    He continued, "We had a meeting in Istanbul with a delegation from the International Monetary Fund, expect the biggest economic decline due to lower oil prices by about 30%, is added to the control Daash the trade routes with the Kurdistan region. "

    On the drop in global oil prices he said: "We can increase our production, unlike the rest of the members of OPEC, where we have not reached yet the maximum allowed us in this context, because of the problems faced by our country, through dozens of past years."

    He that "he is still our production and Sadratna less of our energy, and we have the right to Zaadthma", "adding that" Iraq's production of oil per day will reach 4 million barrels by 2016. "

    bent Council of Ministers on the study of the preparation of the budget bill, which was due to be approved in its in 29 of the last month but postponed that the sharp drop in global oil prices, which fell below $ 63 what is causing the rise in disability rates, with the formation of a ministerial committee shall conduct a comprehensive review of public expenditure of the State; to come up with recommendations to address and reduce the projected deficit in the budget as revealed Finance Minister Hoshyar Zebari, the intention of his ministry reducing the budget in 2015 to 120 trillion dinars, after it was 155 trillion dinars to reduce the deficit through a review of its provisions with the Ministries of State, and the search for domestic sources to reduce the deficit rather than borrowing Alojunba.anthy / 25 j

    https://www.almaalomah.com/news/5565/...604;غ-4-

    BGG ~ First, with the looming price of oil, Iraq will need this boost. The interesting point, what does the Gov of the CBI have to do with oil production projections?? This guys is just showing his "connection" to the previous GOI. My take - al-Allaq is about to get "bumped" - he's taking to the "airwaves" to say something reassuring... JMHO

  8. #18

    Re: The Dinar Daily, Friday December 12, 2014

    USD / IQD 1,153 1,155 -1 (-0.09%) 12 Dec 2014 16:17




    https://www.zawya.com/middle-east/countries/iraq/

  9. #19

    Re: The Dinar Daily, Friday December 12, 2014

    Iran establishes joint bank with Iraq

    Iran has established a joint bank with Iraq to facilitate bilateral trade, Hassan Motamedi, managing director of Iran's Eghtesad Novin Bank said, the country's Fars news agency reported Dec. 10.

    Motamedi said that the Iranian Eghtesad Novin Bank has invested $120 million for establishing the Islamic Regional Cooperation Bank for Development and Investment (Taawon Bank).

    He added that the Iranian bank shares 68 percent of the joint bank's capital.

    Motamedi said that the bank has various subsidiaries in Iraqi cities and one in Iran, adding despite the security problems the joint bank continues its activities in Iraq.

    Iranian Minister of Economic Affairs and Finance Ali Tayyebnia said in May that the volume of trade transactions between Iran and Iraq will reach $20 billion over the next three years.

    Tayyebnia put the value of the 2013 trade exchanges between Iran and Iraq at $6 billion.

    He said that the value of Tehran-Baghdad transactions, including technical and engineering exports, gas and electricity export and transit hit $12 billion in 2013.

    Iraq was second top importer of Iranian goods during the first ten months of 2014. The country imported $4.89 billion worth of goods during the period, according to the Iranian Customs Administration.

    https://www.zawya.com/story/Iran_est...=free-homepage

  10. #20

    Re: The Dinar Daily, Friday December 12, 2014

    Riyadh to reopen embassy in Baghdad

    Manama: Saudi Arabia is sending a technical team to Baghdad to scout for a location for its embassy in the Iraqi capital.

    The mission is being coordinated with the Iraqi government ahead of the opening the diplomatic mission in Baghdad more than 24 years after the last Saudi ambassador residing in the Iraqi capital left the country following the invasion of Kuwait by the Iraqi army in August 1990.

    The new embassy building will be inside the Green Zone, the fortified area that contains a number of Iraqi ministries and the US and British embassies, and the location-finding mission will be in Iraq within weeks, Osama Naqli, the head of the media at the foreign ministry said, Saudi daily Al Sharq Al Awsat reported on Thursday.

    https://www.zawya.com/story/Riyadh_t...=free-homepage

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