The Dinar Daily, MONDAY March 30, 2015 - Page 2
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  1. #11

    Re: The Dinar Daily, MONDAY March 30, 2015

    Abdul-Mahdi, reveals the loss of Iraq about $ 14.5 billion as a result of "poor" planning



    Twilight News /
    detection and Oil Minister Adel Abdul-Mahdi on Monday that Iraq has lost about $ 14.5 billion as a result of "bad" when planning paid that money to the oil companies as compensation for the delays, said the companies bear responsibility.

    Abdul-Mahdi said in a statement reported for "Twilight News" that "Iraq has lost $ 14 billion and 448 million and 146 thousand dollars at a rate of $ 3.6 billion annually since 2011 and the end of 2014 as compensation to oil companies, as a result of disruptions bore responsibility."

    He added that "poor planning or because of the application of restrictions and regulations and procedures of the obsolete Tkhosrna more than protect us or defend our interests."

    He pointed out that "licensing rounds stipulated in Article 12/5 that he is entitled to review your company extractive any proposed work program of the level of production proposal or certified by decades, has required under the written notice, the contractor or operator increase or reduction (reducing) the rate of production."

    He noted Abdul-Mahdi said that "the administration and the economy in the conditions of the modern world does not run the laws and regulations and instructions eat forever by drinking, they returned it," the real corruption and this is the big losses and real waste of money and this is a real lack of planning and good governance. "

    https://www.kululiraq.com/?p=245042



  2. #12

    Re: The Dinar Daily, MONDAY March 30, 2015

    Committees of oil and finance Alniabaten affirm the control of the oil companies put entitlements



    Committees confirmed oil and finance Alaniapetan, that put the financial dues to oil companies dominated this year, Mhirtan to the need to take advantage of other resources and open the door for investment.

    According to a statement to the House of Representatives on Monday, the agency received all of Iraq [where], a copy of the "Committees held a meeting in the presence of their members, and a delegation from the Ministry of Oil, to discuss the issue of exports and revenues of crude oil and the problems and obstacles faced by the extraction, production and export operations in light of the adoption of Iraq's budget only on oil exports. "

    "The meeting stressed that this issue is one of the big problems that hinder the reforms process because of the instability of oil prices and the adoption of the budget on oil revenue only," pointing out that "the conferees were alerted to the need to take advantage of other resources and open the door for investment."

    The statement noted that "the meeting discussed in detail the implications of financial dues to oil companies in licensing rounds and the method of payment and the proportion of deficit and the oil ministry's budget and lower oil prices, which affected the payment of dues, and asked Oil Minister to issue treasury bonds by the Ministry of Finance to pay those dues and the postponement of some projects, "stressing that" the development of the financial benefits to companies controlled for this year, ".anthy

    https://www.kululiraq.com/?p=244898

  3. #13

    Re: The Dinar Daily, MONDAY March 30, 2015

    Parliamentary Finance: We will continue to delay the application of the subject of the federal budget bill

    Nalah Commission representative confirmed Monday that it will follow the process of the delay in the application of the general budget for 2015, the law in some ministries, while likely to be the reason for the delay is the lack of financial liquidity in the country.
    The committee member said Sirhan Ahmed told / information / , "The Finance Committee will seriously the subject of delay implementation of the budget law in some ministries, and see if the cause is a lack of liquidity, or there are other reasons."
    Ahmed said that "the penal code in the Constitution of Article 240 in one of its paragraphs, provided that the non-implementation orders is a crime, punishable by law, "noting that it" may be the reason is the lack of liquidity, especially after the decline in oil revenues, because oil reliable, mainly in Iraq, while the rest of the exports, they are almost the ratio of 1% of revenue for the country. "

    The House of Representatives had voted nine minutes of the second legislative term in the first legislative Psonth (29/01/2015), the draft federal budget law for 2015. Finished / 25 T

    https://www.almaalomah.com/news/15725/المالية-البرلمانية:-سنتابع-موضوع-تلكؤ-تطبيق-

  4. #14

    Re: The Dinar Daily, MONDAY March 30, 2015

    Communications Commission: We have made two billion dollars in the 2013 financial income and face many obstacles



    Confirmed Communications Commission, on Monday, that the financial revenue for the 2013 volume exceeded $ 2.2 billion, and as pointed out that it faces many obstacles, confirmed the presence of efforts to restore orbits, which was one of Iraq's share before the nineties.

    According to a statement Media Department of the House of Representatives received by the agency / information / copy it, that "the economic and investment commission hosted during its meeting today, headed by MP Jawad al-Chairman of the Committee Chairman of the Telecommunications Authority Safa al-Din spring to discuss the Communications Act," noting that "the conferees discussed the need to expedite the enactment of the law being will decode the intersection in the powers and functions between the concerned parties to the telecommunications sector, which is improbable whatever the revenues of the country after the oil sector. "

    said al-Bolani, according to the statement the importance of this body, especially in the economic side view of its own revenues to the state treasury, "noting that the interest legislation of the law includes economic and administrative side being will determine the powers of each hand, and ensure end intersections in powers with other institutions. "
    The President of the Economic Committee on the importance of the enactment of the law as to ensure the right of the country in return the telecommunications sector, which could be exploited badly by some of the companies that are achieved astronomical profits without have a contrast service meets the ambitious Iraqi individual. "
    The chairman of the body, according to a statement on the existence of numerous obstacles faced by the body, the most important subject of frequencies reservation and reluctance to fulfilling of financial obligations owed ​​by companies and media institutions, confirming the presence of the efforts made ​​by the Commission in collaboration with the Ministry of Communications to restore orbits that were Iraq's share before the nineties. "
    Spring said that "financial revenue for the Authority in 2013 exceeded the size of the $ 2.2 billion" .anthy / 25 h

    https://www.almaalomah.com/news/15747/هيئة-الاتصالات:-حققنا-ملياري-دولار-في-

  5. #15

    Re: The Dinar Daily, MONDAY March 30, 2015

    Retrieval of more than one billion dinars were spent on fake projects Baghdad governorate

    Retrieval of more than one billion dinars were spent on fake projects Baghdad governorate

    BAGHDAD / JD / .. Integrity for retrieval of more than one billion dinars body announced spent on fake projects in Baghdad governorate, as pointed out that this money came as a result of irregularities committed by the Commission direct implementation in the province.

    The authority said in a statement received / JD / copy of it: that the investigative procedures successfully retrieving more than one billion dinars were spent on special projects and fake Baghdad governorate.

    She explained that this case involves committed by the Committee for the direct implementation in the province of Baghdad, which included the creation of living rooms for guards and models and processing Games garden hand Palestine umbrellas and showing the result of investigations by the Commission conducted it is a fake projects projects irregularities group.

    She pointed out that the director of a certificate to be set up projects in which details (hand Palestine) Entries dated 05/30/2014 to the non-implementation of the project for the creation of services and games in the garden n indicating that the other paragraphs of the project included packaging Front interfaces Balkabon and switch the outer door and build queries Foreign were not conforming to specifications, which called us and talk to the director of the non-receipt of the project.

    According to the statement, the competent investigation of integrity issues judge demanded far received inquiries vivo details in the body of Baghdad province informed of the details of the amounts spent on projects where it was found that the amounts spent on the project in terms Palestine services amounted to (435 149 375) million and spent on special aspect Games processing was (513.69 million ) million dinars spent on the project of establishing umbrellas sit amount (370 525 250) million of the total disbursements (1,246,391,400) billion dinars.

    Decided by the competent judge to reconsider your projects to investigate where the outcome of the investigation show that the signatures attributed to the Committee on the direct implementation forged by the Chairman of the Committee called (O.m.r) and members of the committee do not have any information about the project were issued recommendations of the investigation to include staff (Am RO) and (Kh.o.a) disbursements.

    House and integrity that dated 10.03.2015 informed the unit of account in Baghdad governorate competent investigation of integrity issues that the judge accused They deposit amount of $ 1,246,391,400 in the province, which supported the receiving account. / End / 22 /

    https://www.dananernews.com/News_Details.php?ID=5657

  6. #16

    Re: The Dinar Daily, MONDAY March 30, 2015

    Kurdistan promises Baghdad it will not shelter corruption wrongdoers

    Erbil is ready to cooperate in the Baghdad government’s fight against corruption by refusing to be a haven for people escaping guilty verdicts, a senior Kurdish official said Sunday.

    “I believe there will be full coordination between Baghdad and Erbil. We will not shelter criminals,” said Fuad Hussein, chief of staff to the Kurdistan Region president.

    But he said that would not affect Kurdistan allowing entry to people escaping from other parts of Iraq because of the war with Islamic State group (IS).

    “Kurdistan’s door is open for all refugees and displaced people who seek a safe zone in Kurdistan region,” he said.

    Hussein added that Kurdistan would not allow those convicted of corruption by Baghdad courts to settle in Kurdistan.

    An Iraqi commission investigating huge corruption in the war-torn country at the beginning of the year named three former ministers and 53 senior officials in its findings, saying that a whopping $330 billion of public money remains unaccounted for.

    Iraqi and Kurdish lawmakers met in January to examine ways to combat corruption and take cross-border action against convicted wrongdoers.

    Transparency International (TI) has ranked Iraq as 170 from a total of 175 countries in global corruption for the year 2014.

    According to a TI study most Iraqis are dissatisfied with the Baghdad government’s current anti-corruption efforts.

    On the same issue Kurdistan oil minister is also involved in a suspected bribery case media reported in March. The Korea Times, in collaboration with Rep. Chun Soon-ok, has reported this month that a $31.4 million signature bonus paid for the Bazian project could have been a bribe given to Kurdistan Oil Minister Ashti Hawrami.

    Kurdistan president Massoud Barzani and his relatives control a large number of commercial enterprises in Iraqi Kurdistan, with a gross value of several billion US dollars. The family is routinely accused of corruption and nepotism by Kurdish media as well as international observers.

    Korek, owned by Sirwan Barzani, nephew of president Massoud Barzani, was established in 2001 in the region and millions.

    One of the most sensitive subjects is the Barzanis’ involvement in the economy of the newly rich oil state. While Massoud Barzani’s personal wealth is estimated to be in the range of $2 billion, the exact amount of the family’s involvement is unknown due to Kurdistan’s murky legal environment and a web of offshore cross-ownership entities.

    Many Kurdish politicians and Observers believe that many of the oil industry projects in Iraqi Kurdistan are conducted in a non-transparent way. Some have even described them as secretive.

    (ekurd)

    https://iraqdailyjournal.com/story-z10549282

  7. #17

    Re: The Dinar Daily, MONDAY March 30, 2015

    Copperchase seals Iraq deal

    A Cramlington company has won a £4m contract with Hyundai Engineering & Construction to construct a new security fence for an oil refinery in Karbala, Southern Iraq.
    Iraq, March 30, 2015.

    Copperchase used a £200,000 loan from the Tees Valley Catalyst Fund, which is managed by FW Capital, to secure the required performance bond from Lloyds Banking Group.

    The company has already worked with large engineering and construction companies in the Middle East, United Arab Emirates and South Korea and hopes this latest contract will open the door to further contracts in the region over the next five years.

    Copperchase director Paul Boydell said: “We were pleased to win the Karbala refinery contract which will hopefully lead to even more work in the region. We’ve won a number of significant projects in recent years, but this is our largest to date and the Tees Valley Catalyst Fund loan was vital in helping us to fund the performance bond we needed.

    “We believe this contract will really showcase our technical and project management capabilities and be the springboard we need to win even larger contracts in future.”

    The Tees Valley Catalyst Fund was developed by Tees Valley Unlimited (TVU), the Local Enterprise Partnership for the Tees Valley to provide companies in the Tees Valley with the finance to grow and prosper.

    Last October access to the fund was widened to businesses across the North East and in parts of North Yorkshire.

    TVU’s managing director, Stephen Catchpole said: “The award to Copperchase demonstrates how the Catalyst Fund unlocks business opportunities and enhances a company’s ability to secure significant contracts and deliver growth.”

    Originally specialising in air traffic control systems, Copperchase became global market leader in the niche air traffic control sector before diversifying to take advantage of new opportunities in emerging markets.

    It set up its Middle-East projects business to take advantage of opportunities in construction and infrastructure, and has built up its presence in the region.

    FW Capital investment executive, Chris Johnson worked with Copperchase to provide the short-term loan.

    He said: “Copperchase has really expanded its overseas presence since it was first established in 1990. In recent years, the team has set up the company’s Middle-East offices to take advantage of opportunities in emerging markets like Iraq.

    “We’re delighted to provide them with the financial backing needed to deliver this contract. Copperchase has a great deal of experience with large global engineering and construction companies and is an excellent example of a North East company making its mark on the world map. This contract has the potential to boost Copperchase’s prospects significantly.”

    Copperchase operates from its headquarters in Cramlington, Northumberland with offices in Poole, Dorset, The United Arab Emirates and South Korea.

    (bqlive)

    https://iraqdailyjournal.com/story-z10549996

  8. #18

    Re: The Dinar Daily, MONDAY March 30, 2015

    Dhi Qar .. Cancel dismissal of the governor opens a window reconstruction



    Dhi Qar suffered during the last period of tension between the two governments what caused the wheel of life crashes and crashes projects.

    BAGHDAD / Obelisk: called a member of the provincial council, Huda Abdul-Zahra in an interview for "obelisk" to "accept the elimination of the judge's decision to cancel the decision to sack the governor of Dhi Qar, Yahya Mohammed Baqir al-Nasseri," calling for "solidarity between the legislative and executive governments and the advancement of the reality service to the province."

    And Dhi Qar suffered during the last period of tension between the two governments what caused the wheel of life crashes and crashes projects.

    Decided the Administrative Court, on Monday, Cancel Council of Dhi Qar province's decision to sack the governor of Dhi Qar, Yahya Mohammed Baqer Nazareth, being contrary to the materials governorates not organized in the province of Law No. 21 of 2008 average.

    A legal expert Tariq Harb "The Administrative Court overturned canceled Monday, the Council of Dhi Qar province, the judge's decision to dismiss the governor Yahya Mohammed Baqir al-Nasseri."

    He said the war, which pleads the case agent for the governor of Dhi Qar that "the governor of Dhi Qar remain in office under this resolution", pointing out that the court's decision was clear and frank, fair, accurate, has applied the court of law properly applied, "noting," We were expecting to be released in favor of the governor of Dhi Qar. "

    The House of the province of Dhi Qar, announced Thursday, in the February 19, 2015, for dismissal of the governor Yahya Mohammed Baqer Nazarene vote after 22 members in the Council on the dismissal of the 24 who attended the session.

    He said Zia Ahadjima, a member of the Council of the province of Dhi Qar stream Liberal, "We have two choices in front of the appeal before the Supreme Administrative Court or re-questioning,

    Because the reasons for accepting the appeal and flimsy most important, that the motion of the site and asked members of the interrogation site of more than a third of the members. "

    He continued, "The circumstances of the interrogation is simple and can be modified and re-questioning again."

    Nor can the governor to submit a request to the Iraqi parliament because in those cases the appeal and the interrogation would be in the conduct of business center has no right to request the Board of conservative solution

    https://almasalah.com/ar/news/50385/%D8%B0%D9%8A-%D9%82%D8%A7%D8%B1-%D8%A7%D9%84%D8%BA%D8%A7%D8%A1-%D8%A5%D9%82%D8%A7%D9%84%D8%A9-%D8%A7%D9%84%D9%85%D8%AD%D8%A7%D9%81%D8%B8-%D9%8A%D9%81%D8%AA%D8%AD-%D9%86%D8%A7%D9%81

  9. #19

    Re: The Dinar Daily, MONDAY March 30, 2015

    Tentative agreement between Iraq and Kuwait to exploit joint oil fields and gas imports



    Khandan - A spokesman for the Kuwait Petroleum Corporation (government), Talal Al-Khaled Al-Sabah, said his country has signed Memoranda of Understanding (tentative agreement) with Iraq, one on the exploitation of oil fields in common between the two sides, and the other to study and discuss the import of Kuwait opportunities for natural gas through a pipeline from Iraq .

    The two countries held a meeting in Kuwait to discuss the prospects of development of the oil cooperation on Sunday and Monday, where he headed the Kuwaiti side in the meetings Ali Bin Sabit, Under Kuwaiti Ministry of Oil by proxy, while headed the Iraqi side Fayyad grace, Senior Undersecretary of the Iraqi Ministry of Oil. He morning in a statement that the main objective of the memoranda of understanding is to facilitate negotiations and developing frameworks for joint intentions between the two sides on the principles of cooperation. And the price of the morning the Iraqi side of cooperation during the negotiations, referring to the two sides' agreement to achieve the desired goal and strengthen the bonds of cooperation and achieve common interests of the two countries. (AA)

    https://www.xendan.org/arabic/drejaA.aspx?=hewal&jmara=11434&Jor=2

  10. #20

    Re: The Dinar Daily, MONDAY March 30, 2015

    Oil and financial Alniabaten discussing asked Abdul-Mahdi Treasury bond to pay dues companies operating in Iraq



    Oil and financial Alniabaten discussing asked Abdul-Mahdi Treasury bond to pay dues companies operating in Iraq

    {Baghdad: Euphrates News}
    Committees oil, energy and finance held a meeting attended by members of the two committees and a delegation from the Ministry of Oil subject of exports and revenues of crude oil and the problems and obstacles faced by the extraction, production and export operations in light of Iraq's budget's dependence on only oil exports. According to a statement to parliament agency {Euphrates News} received a copy of it on "The meeting stressed that this issue is one of the big problems that hinder the reforms process because of the instability of oil prices and the adoption of the budget on oil revenues only, and cautioned participants to the need to take advantage of other resources and open the door investment. "

    "The meeting also discussed in detail of the oil companies, financial receivables in licensing rounds and the method of payment and the proportion of deficit and the oil ministry's budget and lower oil prices, which affected the payment of dues, and asked Oil Minister Adel Abdul Mahdi, treasury bills of the Ministry of Finance to pay those dues and the postponement of some projects, but the situation of financial dues to companies controlled for this year. "

    The Oil Ministry has earlier announced its agreement with the Central Bank of Iraq to launch treasury bonds worth {12} billion dollars to pay dues to foreign companies and contractors working in the oil fields.
    Oil Minister Adel Abdul-Mahdi, had confirmed in an earlier time news conference that "with the financial squeeze there between us and the companies financial dues were paid part of the dues in 2013 and we left some dues to 2014 and there are also benefits in 2015, and these account for a large amount exceeding $ 20 billion and prices Oil collapsed and you have to give these sources. "

    He stressed that "these amounts will have been anticipating the events was provided exporters first key sectors are allocated in the budget for Assadod what was allocated to companies in the general budget, a $ 14 trillion dinars and the second thing is that the legitimacy of the ministry demanding Prime Minister and Minister of Finance firing treasury bonds worth $ 12 billion and we started procedures in order to cover the dues companies. "
    Abdul-Mahdi stressed that "entitlements companies enjoy priority because the profitability of companies, in order to achieve specific gains you work and handed over the oil of Iraq and we have to recognize the amounts due and if they do not provide those funds, there will be lower production"

    https://translate.google.com/translate?hl=en&sl=auto&tl=en&u=http%3A%2F%2Fwwww.alforatnews.com%2Fmodules%2Fne ws%2Farticle.php%3Fstoryid%3D80689

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