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Economic : Is a draft bill will be presented to Parliament oil?
21.04.07

Boredom debate before in Dubai
Baghdad-Sabah.

Expected presentation on the new oil law of Parliament, which aims to attract foreign investment, which is estimated at billions of dollars this week. This was announced by the Iraqi Oil Minister, Dr.. Hussein Shahrastani said in a press statement in Dubai on the sidelines of the discussion of the law.

By 60 members of the Iraqi parliament and experts at a meeting in the UAE last Wednesday to discuss the contents of the law that would grant the right of the Non negotiation with international companies to develop oil fields.

He pointed out that political blocs in parliament agreed to attempt to pass the bill before the end of the month.

The minister had said last month in the mid us that the Cabinet had approved the bill unanimously.

Iraq aims to produce more than three million barrels of oil a day this year, and facing the oil industry in Iraq, acts of sabotage and outdated infrastructure for the production of two million barrels per day.

The law requires distributing oil wealth in accordance with the proportions of the population as well as to revitalize national oil company dissolved since the 1980s and which will be responsible for production and export.

And Iraq has the third largest proven oil reserves in the world after Saudi Arabia, estimated at (115) billion barrels, and oil is the main source of income in Iraq, the issue now 1.6 million barrels per day, Iraq needs foreign investments of billions of dollars to revive the oil industry.

http://www.alsabaah.com/paper.php?so...page&sid=40920

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Kurds agree --- Erbil, Baghdad, 19 April (AKI) - The regional government of Iraqi Kurdistan has reached a definitive accord with the central government in Baghdad on the law on oil according to the Kurdish regional prime minister Neghervan Barzani, quoted by Kurdish language newspaper Aso. Barzani said that the bill "was about to be handed over to parliament" for approval. "

Finance Minister urged his Egyptian debt write-off for Iraq by 100% ?? ???From just the latest )Baghdad - (Voices of Iraq) .He urged Mr. Zubaidi Baqir Jabr, the Iraqi Minister of Finance today, Thursday, Mr. Boutros-Ghali and Minister of Finance to write off the debts of Egypt on Iraq by 100% as the host of the meeting of the International Covenant. ???? ."According to a statement by the Ministry of Finance received the Iraqi News Agency (Voices of Iraq) Independent today that Mr. Ghali between that previously submitted to Egyptian President Hosni Mubarak promised that the debt would be written off by 100%, affirming support for the Arab Republic of Egypt to the government of Iraq. " .Hosts Egyptian city of Sharm El-Sheikh early next month, both the International Covenant and the neighboring ...