Iraqi Dinar News

Iraq Oil, Gas, Petrochemical & Electricity Summit concludes

September 10, 2007 The leading figures from within the global energy sector gathered in Dubai on 2-4 September 2007 for the Iraq Oil, Gas, Petrochemical & Electricity Summit, the world's first event organized to consider the future of Iraq's abundant energy resources through direct consultation with the international private sector.
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Iraq Violence Drops as Economy Revives, Officials Say

September 07, 2007 The plus-up of U.S. forces has contributed to a marked decrease in sectarian attacks and other violence across Iraq, while a bevy of programs is breathing life into the country's battered infrastructure and economy, U.S. officials told reporters.
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Lack of legal framework keeps oil investors out of Iraq

September 2, 2007 DUBAI, United Arab Emirates: Iraqi government officials and energy experts presented detailed plans for exploiting the wartorn country's vast petroleum wealth but admitted that the absence of a law regulating the industry is a bigger obstacle than security to attracting foreign investment.
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Iraqs Economy to Grow 6%

September 5, 2007 Improved security is boosting Iraq's war-ravaged economy which is heading for growth of more than six percent this year, a senior US official said on Wednesday, supporting IMF projections.
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The State of Iraq: An Update

September 4, 2007

By JASON CAMPBELL, MICHAEL O'HANLON and AMY UNIKEWICZ

IN advance of the much-anticipated Congressional testimony next week of Ryan Crocker, the ambassador to Iraq, and Gen. David Petraeus, the top United States military commander, many have agreed on what appear to be two crucial realities in Iraq: there is military momentum for combined American-Iraqi forces and there is political paralysis in Baghdad. While the recent Government Accountability Office report on the 18 benchmarks set out by Congress in May gave a very pessimistic view, our data above, culled from official Iraqi and American sources and press reports, support a more mixed picture.

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Iraq Shi'ite, Sunni officials meet in Finland

September 4, 2007 HELSINKI (Reuters) - Officials from Iraq's warring Shi'ite and Sunni Arabs agreed to work towards ending sectarian violence crippling the country, a local group that organised the meeting in Finland said on Tuesday.
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The Tide Is Turning in Iraq

September 4, 2007

By KIMBERLY KAGAN

The initial concept of the "surge" strategy in Iraq was to secure Baghdad and its immediate environs, which is why its proper name was the "Baghdad Security Plan." But as President Bush pointed out during his surprise trip to Iraq, operations and events on the ground are already showing successes well beyond Baghdad in Anbar, Diyala and Salahaddin provinces -- formerly al Qaeda strongholds and hotbeds of the Sunni insurgency.

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U.S. Shifts Iraq Focus

September 4, 2007 By YOCHI J. DREAZEN and PHILIP SHISHKIN in Iraq, and GREG JAFFE The Bush administration is quietly moving toward a major shift in Iraq policy, driven by successes in formerly intractable insurgent strongholds combined with dispiriting failures at fostering national reconciliation.
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UK's Brown pledges Iraq policy stability

September 4, 2007 Prime Minister Gordon Brown pledged Tuesday to keep Britain's Iraq policy in line with that of the United States, seeking to allay fears the country's move out of the southern city of Basra marked the start of a major withdrawal.
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Iraq's parliament reconvenes after break

September 4, 2007 Iraq's parliament reconvened Tuesday after a monthlong summer break but it was not immediately clear whether it would be taking up key benchmark legislation demanded by Washington.
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Iraq's leader expects favorable report

September 3, 2007 Iraq's prime minister said Monday he expects the U.S. ambassador and military commander to give his government favorable marks when they report to Congress next week and predicted passage of a law soon that could return more Sunnis to government jobs.
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Iraq still faces hurdles to pass oil law

September 3, 2007 DUBAI (Reuters) - Iraq's parliament must overcome major disagreements over control of the world's third biggest oil reserves before it can pass a vital oil law to lure billions in foreign investment, Iraqi officials said on Monday.
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Inflation in Iraq slumps says central bank chief

September 3, 2007 WASHINGTON: Iraq's core rate of inflation has been driven down by monetary policy and the central bank is ready to take further action if needed, Iraq Central Bank Governor Sinan Al Shabibi said yesterday.
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US downplays split in Iraq government

September 1, 2007 The White House downplayed Wednesday the resignation of Iraq's largest Sunni bloc from the government, calling the move "internal politicking" while political leaders continue negotiations.
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Sunni Political Group Withdraws From Iraq Cabinet

September 1, 2007 By Megan Greenwell BAGHDAD, Aug. 1 -- Iraq's largest Sunni political group formally withdrew from Prime Minister Nouri al-Maliki's government Wednesday, dealing a major blow to Maliki's efforts to build a cohesive government.
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Saudis are considering formal ties to Iraq

September 1, 2007

JIDDA: Saudi Arabia pledged Wednesday to explore opening diplomatic relations with the Shiite-led government in Iraq, an endorsement long sought by the United States.
The Saudi foreign minister, Prince Saud al-Faisal, told the visiting U.S. secretaries of state and defense that his country would soon send a diplomatic mission to Baghdad to "explore how we can start an embassy in Iraq."

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Saudis Begin Talks on Opening Embassy in Iraq

September 1, 2007 By Robin Wright and Josh JIDDAH, Saudi Arabia, Aug. 1 -- Saudi Arabia announced Wednesday that it has begun talks with Iraq about opening an embassy in Baghdad, a move that could be a major boost to U.S. reconciliation efforts. The Sunni-led kingdom has long resisted appearing to bolster the Shiite-dominated government in Baghdad.
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Shell And Dow Prepare $2.1 Billion Iraqi Petro Plan

August 29, 2007 LONDON - Anglo-Dutch oil company Royal Dutch Shell is reportedly in talks with Dow Chemical to develop an Iraqi petrochemical plant for $2.1 billion, in a likely attempt to gain a strong foothold prior to the hoped-for opening up of the country's broken oil industry. But analysts believe the project itself has little hope of being profitable.
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Iraq's leaders agree on key benchmarks

August 27, 2007 BAGHDAD - Iraq's top Shi'ite, Sunni Arab and Kurdish political leaders announced on Sunday they had reached consensus on some key measures seen as vital to fostering national reconciliation.
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Oil Majors to meet with the Iraq Government

August, 23, 2007 The world’s pre-eminent operators within the global oil, petrochemical, electricity and security sectors will descend on Dubai early next month for the forthcoming Iraq Oil, Gas, Petrochemical & Electricity Summit, the worlds first event organised to consider the future of Iraq’s abundant energy resources through direct consultation with the international private sector.
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Iraq Plans WTO Membership

August 22, 2007 Iraq plans to enact a business-friendly customs code and expects to join the World Trade Organisation (WTO) within two years despite the violence damaging its economy, the Iraqi trade minister said on Tuesday.
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The Kurdish miracle

August 21, 2007

ERBIL, NORTHERN IRAQ - All the important people in Iraqi Kurdistan can be found in the Charwa Chra hotel restaurant, in the center of Erbil. The director-general of the new airport; the communications minister, there with his family; senior officials from the Kurdish government; and some rich Iraqis who have found temporary refuge in the hotel, until they decide whether to invest in Kurdistan or continue on to some European country. Rawand Darwesh, a senior Kurdish official, and Hamin Hassan, who was partner to the civilian social revolution in Kurdistan, are among the guests.

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Saudi wipes Iraq's debt

August 19 Iraq's Finance Minister Bayan Jabor has revealed Saudi Arabia has agreed to wipe off most of the $15.5bn the war-ravaged country owes the kingdom, reported the Dow Jones newswires.
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Arab investor buys shares with $1.6 m in Iraq stock exchange

August 17, 2007 The largest number of traded shares and biggest trading was the Kurdistan Bank's shares as an Arab investor implemented a contract exceeded 900 million shares at cost of $2 billion iraqi dinar.
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IMF advises Iraq to shore up reconstruction, oil investment

August 17, 2007 WASHINGTON, Aug 15 (NNN-KUNA) -- For the first time in 25 years, the International Monetary Fund (IMF) has advised Iraq to increase the pace of reconstruction and investment, mainly in the oil sector.
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Iraq oil law up in Sept., official says

August 16, 2007 A top official in the Iraqi Embassy in Washington expects the oil law to top Parliament’s agenda when lawmakers return to session at the start of next month.
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Oil majors to meet with the Iraq Government

August 15, 2007 The world's pre-eminent operators within the global oil, petrochemical, electricity and security sectors will descend on Dubai early next month for the forthcoming Iraq Oil, Gas, Petrochemical & Electricity Summit, the world's first event organised to consider the future of Iraq's abundant energy resources through direct consultation with the international private sector.
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Oil companies mapping strategies for dynamic Iraqi situation

August 13, 2007

International oil companies have been waiting patiently for the new Iraq oil law to be enacted and they now believe that there could be progress when parliament resumes next month. At the same time, the deadline nears for the US military commander in Iraq to report on the country's political progress. These two events are forcing oil giants to forge alliances to develop the country's prized fields.

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Golden opportunity ahead for Iraq to use its oil wealth

August 10, 2007 The optimal development of Iraq's enormous oil and gas reserves is the most critical economic element for the future of the country.
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Iraq Says LUKoil Will Get a Fair Shake

August 9, 2007 Iraq's oil minister arrived in Moscow late Wednesday for talks with Industry and Energy Minister Viktor Khristenko and senior oil executives and said he would offer new terms for Russian companies seeking to work in the war-torn country.
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