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Sunday, 03/09/2008 11:26:05 AM

Sunday, March 09, 2008 11:26:05 AM

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New record levels of oil prices, the Iraqi American Dialogue Forum on Economic Cooperation Preparation and submission: Nazim Yasin
. These include the New Programme (Economic Report) interview with the Kuwaiti oil analyst Kamel Aharmi from continuing rises in world oil prices.
ة. As we listen to the follow-up to the Iraqi American Dialogue Forum on Economic Cooperation, which was held in Baghdad recently with high-level officials from Iraq and the United States.

- -- New record levels of oil prices
. Oil prices continued to rise in global markets in recent days, amounting to about one hundred and four dollars per barrel of American light crude in New York Stock Exchange on Monday evening, before declining to about one hundred and two dollars per barrel Tuesday morning and one day before the ministerial meeting of the Organization of Petroleum Exporting Countries (OPEC) in Vienna Wednesday.
. But officials from the oil producing States affirmed that the factors that drive prices to rise beyond the confines of the control (OPEC), including the decline in the dollar exchange rate in addition to political tensions in some regions of the world in respect of any shortfall in oil supplies.
. He noted most of the ministers in the oil countries (OPEC) pumped more than a third of oil supplies to world markets in the statements made by the hours before the Vienna meeting pointed to the need to change the current production levels but Sitdarson all factors that affect the market. . With oil sources said that it was not expected to raise the (OPEC) production levels as a measure to cope with rising prices in the coming months. لكع. But the organization has held a special ministerial meeting during the month or two months to review the situation.
. The (OPEC) decided at its previous meeting last February to keep current production levels unchanged.
في . In special statements of the (economic report), the Kuwaiti oil analyst Kamel Aharmi that continuous rises in world oil prices have nothing to do with politics productivity of the (OPEC), but mainly due to a speculation.
. In the following interview I had with him over the phone, I answered a question about the main reason behind the record levels of new oil prices, which exceeded the barrier of one hundred dollars a barrel.

() (Interview with the oil analyst Kamel Aharmi)

- -- Iraqi American Dialogue Forum on Economic Cooperation
. Said Undersecretary of the Ministry of the Treasury for International Affairs American David McCormick that Iraq carried out economic targets under the IMF programme in the past year. . But he pointed to the need for further progress, particularly improving budgetary spending and address the financial and administrative corruption and to rebuild the banking sector to support private sector investment.
. The official added that American economic Iraq should use the opportunity afforded him to improve security proceed with the economic reforms and that Washington will send more experts professionals.
. McCormick made these statements after the conclusion of a two-day visit to Baghdad, where he participated in the work of the Iraqi American Dialogue Forum on Economic Cooperation, which was held on the twenty-seventh and twenty-eighth of February. وقد . The head of the Iraqi side in the forum, Deputy Prime Minister for Economic Affairs Barham Saleh attended with the American side Ambassador Ryan Crocker, Deputy Foreign Minister for Economic Affairs, Energy and Agriculture Robin Jeffrey addition to McCormick. ن. Participated in the Iraqi delegation of ministers of finance, planning and oil, electricity, industry and trade, agriculture, housing and reconstruction, the Central Bank governor and other officials.
. The final statement of the Forum that this round of dialogue on economic cooperation is the sixth in a series of bilateral economic meetings, which focused on the reforms agenda and priorities. . He also noted the commitment of Iraqi leaders towards the establishment of market economy and active accordance with the terms of the International Covenant with Iraq. . American officials praised the efforts of the Iraqi government to make progress in the field of economic reforms, pointing to the successes achieved at the level of control over inflation rates and the law of retirement, as well as welcomed the ratification by the Iraqi parliament finally to the budget bill in 2008.
. The statement said that the two sides stressed the importance of continuing dialogue on bilateral economic cooperation in an effort to revive the Iraqi economy and raise the level of growth in the country. كما. It has also been agreed that the next meeting in the spring of 2009 at a venue to be determined later.
. Radio Free Iraq's correspondent in Baghdad Leith Ahmed attended part of the forum meetings and following up Uaana which contains excerpts from interviews conducted especially for (economic report) with the Deputy Prime Minister Barham Saleh and Finance Minister Baqir Jabr Dubai and Minister of Planning and Development Cooperation on two doors.
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