This is what led to Iraq Energy Forum

[The Englishman]

"CORRUPTION NO LESS HARMFUL THAN TERRORISM," SAYS IRAQI PM ABADI

 

24 mins ago

Views 81

 

 

BAGHDAD – Iraqi Prime Minister, Haidar al-Abadi announced on Sunday (April 2) that the battle to drive Islamic State (ISIS) out of its last stronghold in the country has not prevented the government from implementing reforms

"Corruption is no less harmful than terrorism," Prime Minister Haidar al-Abadi said at the Iraq Energy Forum which is sponsored by NRT.

In his speech at the Iraq Energy Forum 2017, Abadi said that the slump in oil prices over the past few years “revealed the fragility of the Iraqi economy.”

Abadi said that "Iraq today plays a leading role in OPEC and is committed to investment plans and stimulating the market," noting that hundreds of billions have been lost because of poor planning.

"Iraq is densely populated because of the increase in population growth, and Iraq requires us to live in regional reconciliation, which we must seek" he continued.

The continuing regional conflict has prevented Iraq from making use of several energy sources and resulted in a financial crisis, Abadi said.

Iraq's revenues have fallen to 30 percent compared to 2013, he added, saying that “we managed to keep success to invest and open up more investment potential.”

The Iraq Energy Forum kicked off on Sunday (April 2) for the third time under the patronage of the Iraqi Government and with sponsorship of NRT HD and NRT Arabic.

Iraq Energy Institute was founded in 2008, as an independent institution, which aims to implement reform in the energy policy in Iraq and support reform attempts supporting legislative reform and scientific research in oil, gas, electricity and renewable energy.

The institute has been appointed as an advising side for the Iraqi Parliament’s Committee of Oil and Energy with its headquarters in London that has Iraqi experts in all energy sectors.

(NRT)

[vato96]

 

[yota691]

Abadi calls for the creation of a broad market through cooperation between the public and private sectors

 

 

Economy News / special ...     Start on Sunday morning, the work of the Iraq Energy Forum under the slogan (federal Iraq effectively energy sector and economic diversification).  Said Prime Minister Haider al-Abadi during the forum, which quoted "Economy News" that Iraq is playing a leading role in OPEC by influencing oil prices in the world so we have to create flooring suitable for the development of the oil sector and energy in general  He added that we are seeking to take advantage of every barrel of oil as well as quantities of gas burning and our work to take advantage of them and we are going to export gas. Abadi said he must create opportunities for young people and give them hope through the involvement of the private sector and not rely on the public sector, noting that Iraq was subjected to wars and the siege of a confused lag behind what make development in the economic systems in other countries  He called for alternative and renewable energy adoption and not rely on unilateral rentier economy and open more investment prospects for the development of the energy sector. The forum was attended by Prime Minister Haider al-Abadi and Iraqi Parliament Speaker Salim al-Jubouri and a number of ministers and members of parliament, businessmen and economists.
Views 26   Date Added 02/04/2017 - 11:29   Last updated 04/02/2017 - 12:41   No. Content 7041

[yota691]

Oil Minister: We are planning to raise production to five million b / d by the end of 2017

History of edits:: 2017/4/2 12:02 • 76 times readable

[Oan- Baghdad] 
Oil Minister Jabbar Luaibi said on Sunday that Iraq plans to increase crude production capacity to five million barrels per day before the end of 2017.

Allaibi said during the Iraq Energy Forum held in Baghdad , said that "Iraq will continue to parallel exploration plans in order to increase its reserves equivalent to 15 billion barrels in 2018 to reach 178 billion barrels." 
He added that the increase in the production capacity of existing fields plans include a plan to inject sea water. " 
He Allaibi to," The Oil Ministry has prepared especially for the production of four types of oil plans , "stressing that" we were able to add 10 billion barrels of oil to Iraq 's oil reserves, and by the year next we will add 15 billion barrels of oil to it. " 
he pointed out that" arrived in Iraq for the first time to export thousand tons per day of liquid gas, adding : "We hope to export 7,000 tons per day of liquid gas." 
Oil Minister announced that he will be in this year , an increase of 20 thousand barrels per day of gasoline improved, "noting saying" imported within one year of oil derivatives worth two billion dollars. 

[DWS112]

Abadi: our confrontation of terrorism will not prevent us from reforming the economy  April 2, 2017

 

Baghdad Times Agency (BTA)
Confirmed Prime Minister Haider al-Abadi, Sunday, that corruption is no less dangerous than terrorism, noting that the confrontation with terrorism and liberalization of land will not Tmananh from the direction of reform in the economy.
Ebadi said during a speech in Iraq Energy Forum, said that "Iraq has enormous potential and opportunities for promising, spacious and the government has a great keenness to encourage investment."
He added that "the government is seeking to take advantage of oil to serve the citizen and the development of the country, indicating that the gas that was wasted 90 years ago the torch we have for the first time to take advantage of this gas in addition to the importance of the shift in industries and create job opportunities for young people and give hope."
He continued Abadi, that "billions of dollars previously lost due to the loss of planning," stressing that "the government is going towards building a strong Iraqi economy for the advancement of the country and not rely on a single source."

[Boozer]

But it has, everything has played around Isis,,Until Isis is gone CBI ant doing Shizzt , and Investors want come in till there gone and your in Article 8, and the UN ant moving till your free Of Isis . Prove me wrong and do something. Talk is Cheap.

[Wiljor]

Iraq, April 2, 2017 

The Iraq Energy Forum kicked off on Sunday (April 2) for the third time under patronage of the Iraqi Government and with sponsorship of NRT HD and NRT Arabic.

The two-day forum – ‘Towards an Effective Energy Sector and Economic Diversity’ – hosted in Baghdad in the Royal Tulip al-Rasheed Hotel.

The Iraqi President Fuad Masoum and Prime Minister Haidar al-Abadi attended the forum with participation of OPEC Secretary General Mohammad Barkindo, diplomats, experts, investors, industry leaders, policy makers, government officials and company representatives.

The event aims to discuss challenges and opportunities of the Iraqi energy sector taking the environment into consideration, as well as the diversity of energy sources and renewable energy.

The participants are also set to hold talks about the impact of the U.S. policy over oil market and economy of oil investing countries in the Middle East, especially Iraq and the role of global oil companies in the country towards a lesser risk.

Iraq Energy Institute was founded in 2008, as an independent institution, which aims to implement reform in the energy policy in Iraq and support reform attempts supporting legislative reform and scientific research in oil, gas, electricity and renewable energy.

The institute has been appointed as an advising side for the Iraqi Parliament’s Committee of Oil and Energy with its headquarters in London that has Iraqi experts in all energy sectors.

 

nrttv

http://iraqdailyjournal.com/story-z15055982

[jeepguy]

Thanks wiljor ,. Wondering how many times the subject of H-C-L  gets brought up ?  Not to forget 24 / 7  power too all regions ... 

[DinarThug]

CNN. Broadcasting While The Speaker Attempts To Place A Collect Call To Action !

 

LINK

Speaker of Parliament calls for a review of the oil licensing rounds

02.04.2017 at 10:15 (Baghdad time)

Parliament Speaker Salim al-Jubouri stressed on Sunday the necessity of complying with a review of licensing contracts, calling for action to articles (111 and 112) in two special oil and gas wealth management constitution.

Jubouri said during a speech in Iraq Energy Forum, which was held today, attended / scales News /, "The oil revenues still constitute a large percentage of Iraq's revenues in hard currency," noting that "this in itself indicates the problem of unilateral Iraqi economy, which puts the future Iraq turns serious in front. "

He added that, "We must work to take practical and clear procedures; like practical translation of articles (111 and 112) in two special oil and gas wealth management constitution, part of a package of legislation aimed at deepening the interest of the wealth of Iraq," persisting "from which the law of the National Oil Company, which arrived in the House of Representatives and will be included on the agenda of the Council read, in addition to the distribution of national wealth law, a group of legislation confirming the interest Almertjah of Iraq's wealth. "

The Speaker of Parliament, that "the focus on the energy sector and the provision of administrative development, legal and financial requirements, will provide Iraq with the proceeds can be employed to expand the productive base of the guarantor to diversify the country's economy."

He Jubouri, that "the House of Representatives has spared no effort in the laws relating to energy transmitted from government legislation," pointing out that "these laws, the Ministry of Alkahrbahaih Iraqi Atomic Energy and exempt foreign companies and contractors for foreign secondary in licensing rounds decades of fees, and the law of the Second Amendment to the Law private investment liquidation of oil. "

He stressed, "the need to comply with a review of licensing contracts" .anthy

 

[jeepguy]

Well boozer , we would counter-point , your quote --- but we postponed  😂. Will pick it up  SOON.  (. I am getting good at Iraqi politics ). Hahahaha

[Big_J]

1 hour ago, DinarThug said:

The Speaker of Parliament, that "the focus on the energy sector and the provision of administrative development, legal and financial requirements, will provide Iraq with the proceeds can be employed to expand the productive base of the guarantor to diversify the country's economy."

GAN DinarThug AND DV.

[Laid Back]

"the government is going towards building a strong Iraqi economy for the advancement of the country and not rely on a single source."

 

Countries with strong economies usually have strong currencies.!

 

Go RV 

Go strong economy

   

[10 YEARS LATER]

Another  " Bless us for our intentions " article . . . a decade + of chin wagging.  Makes me wanna puke. These people don't even realize what an embarrassment they are. The people of Iraq deserve better than endless years of a government made up of Slackers, Foot Draggers & Windbags.

Yea, Abadi has his hands full, okay I get that. Still, best they get this wrapped up Pronto before another Monkey jams a Monkey Wrench into the gears, and more excuses have to be created as to why it's all "Postponed Because " yet again.  

When does the incessant gum flapping/excuse mongering/rewriting the obvious ( while ignoring the 800 lb. Gorilla in the room ) & chatter about going International without substantive results stop ? ! ?   

[10 YEARS LATER]

Endless forums, meetings, committees and statements of intent - how about showing the World you're really serious and get the IQD out there in the Front & Center. 

If I'm an investor, I want to see your currency on the international stage rather than attend yet another forum talking about "in the near future "  or " in the coming days " crap. 

No more talk Iraq; as it is, many people doubt your sincerity and unwillingness on the follow through.

[yota691]

Iraq puts it in the foreground .. soon the completion of the project to supply gas with Kuwait

economy

 Since 04/02/2017 17:40 am (Baghdad time)

Baghdad balances News

Iraq said he would put the development and export of the gas industry in the forefront of the priorities of energy that works on projects completed soon, as announced near completion of a project to supply gas with Kuwait, the signing of the Iraqi oil pipeline agreement with the Kingdom will be within the next two weeks.

This comes at a time when Iraqi Oil Minister Jabbar Luaibi said on Sunday that Iraq's production of natural gas will double to triple to 1700 million cubic feet per day by 2018 with the implementation of the OPEC member state projects to reduce gas flaring.

Iraqi Oil Minister Jabbar Luaibi said that his country enjoys good relations of cooperation with the State of Kuwait, likely soon finished the completion of a project supplying gas in accordance with the agreement concluded between the two sides.

He explained Allaibi in a speech at the opening of Iraq's energy forum, which will continue its work over the two days that Iraq will provide the State of Kuwait by about 200 million cubic feet of gas per day in the framework of good cooperation relations between the two countries.

He revealed at the same time an Iraqi - Iranian talks to sign a partnership agreement in the border oil fields, joint production.

Allaibi said that his country has achieved remarkable development in the gas industry helped to achieve a significant increase in production during the current year, noting that it has managed this year from the investment of one billion and 400 million cubic feet of gas per day compared to 650 million cubic feet last year.

He added that Iraq's production of liquefied gas rose from three to six thousand tons per day with liquefied gas export rate of thousand tons per day, while Iraq also exported 15 thousand barrels per day of condensate.

He Allaibi his expectations that production will continue to evolve over the next year to reach the gas rate investor to 7.1 billion cubic feet per day and the liquefied gas production of seven thousand tons per day.

He also predicted that Iraq's exports of liquefied natural gas, rising to 1,500 tons per day with high export condensate rate to 20 thousand barrels per day.

Last year, Iraq began exporting gas liquids production from the Basra Gas Company, a joint venture between the South Gas Company, Shell and Mitsubishi.

The Allaibi said in a press statement on 28 December last year that the encouraging conditions for the completion of the project to supply Kuwait with gas under the "great response from both parties and in conformity shared visions."

The company associated gas gathering operations and oil production from Iraq's southern fields and treat it into fuel for power plants and liquids and gas cooking.

In January, the South Gas Company said it expects that Iraq doubling LPG exports to triple and double gas condensate exports tripled in 2017 thanks to a larger collection of them from the southern oil fields amounts.

She said that due to LNG exports rise to 100 thousand tons this year from 30 thousand tons in 2016 and will increase gas condensate exports to 400 thousand cubic meters this year from 200 thousand cubic meters in

To this source revealed that the official signing of the Iraqi oil pipeline agreement with the Kingdom of Jordan will be within the next two weeks.

The source said, during the third energy summit, which was held on Sunday that the kingdom and the Iraqi government will not live with the no burden in the cost of operations of the extension, which amounts to about $ 5.6 billion, and who will bear the cost is the investor of the project "Global Diamond Company" .anthy 29 / m h n

[yota691]

Secretary General of OPEC: Iraq vows to comply fully with the agreement to reduce oil production

economy

 Since 04/02/2017 18:34 am (Baghdad time)

Baghdad balances News

Secretary-General of the Organization of Petroleum Exporting Mohammed Barkindo said on Sunday that Iraq gave assurances that he would abide by the organization is fully committed to reducing the agreement aimed at strengthening the prices of crude oil supply.

He said Iraqi Oil Minister Jabbar Luaibi told reporters after a speech at a conference in the Iraqi capital Baghdad, attended by Barkindo Iraq now committed by 98 percent agreement to cut production.

Barkindo Congress was informed that the commitment to the agreement between the producer level inside and outside OPEC to cut supply at the end of last year "encouraging".

He said that the level of public commitment to producers of oil cuts amounted to 86 percent in January and 94 percent in February.

He pointed out that the market is already balanced, adding that oil stocks go down.

Through Allaibi he expressed satisfaction with the current agreement, but declined to say whether Iraq supports extended or not leaving the decision to a ministerial meeting awaited OPEC in May.

He said that the current agreement "contains many positive elements and achieved a lot of goals and work continuously to reach a reduction of 1.8" million barrels per day, OPEC also agreed and 11 independent producers, including Russia during the first half of the year 2017.

The lifting of the agreement in crude oil prices to around $ 50 a barrel. But the increase in the price also encouraged the US shale oil producers who did not participate in the agreement to increase production.

Allaibi said that while Iraq is committed to achieving the goal of reducing the entire production, it will spend in the implementation of projects to increase production capacity to five million barrels per day.

He added that Iraq's second-largest oil producer within OPEC after Saudi Arabia, will go parallel exploration plans to increase its reserves equivalent to 15 billion barrels per day in 2018 178 billion barrels.

He pointed out that the increase in the production capacity of existing fields plans include a plan to inject seawater.

Announced that the Iraqi Oil Marketing Company (SOMO) that the average oil production reached 4.464 million barrels per day since the beginning of March, which means a decrease of more than 300 thousand barrels per day from levels before applying the OPEC agreement which entered into force on the first last January.

It said that the SOMO average crude exports amounted to 3.756 million barrels per day in March, compared to a record high exceeding four million barrels per day in November.

Most of the Iraqi oil exported from the ports of the south, where most of the country's production of crude. Allaibi said that the average South exports amounted to 3.2 million barrels per day in March.

He described Barkindo meetings on Saturday with Iraqi Prime Minister Haider al-Abadi and other Iraqi leaders in Baghdad that it was "very constructive."

Allaibi said at the conference that Iraq's production of natural gas will rise to three-fold to 1700 million cubic feet per day by 2018 in the framework of the application of projects to reduce the burning Algaz.anthy 29 / m h n

[yota691]

Parliament warns of a serious economic future

Journal April 2, 2017 Add comment 65 Visit

 

 

 

BAGHDAD - The Journal News

He warned the President of the House of Representatives, Salim al-Jubouri, the country's economy's dependence on oil as a resource and a single lead to endangering the future of Iraq for serious turning points.

Jubouri said in a speech during the Iraq Energy Forum, which was held in Baghdad today Alohd- that oil revenues still account for the vast proportion of Iraq's revenues of hard currency, and this in itself refers to a single Iraqi economy problem, which presents the future of Iraq risks.

He called for the need to take a clear process to translate articles 111 and 112 in the two special oil and gas wealth management constitution, part of a package of legislation aimed at deepening the interest of the country's wealth measures, including the National Oil Company Law.

He added that the National Oil Company Law came to the House of Representatives and will be included on the agenda, in addition to the distribution of national wealth law in order to make better use of the wealth of Iraq. Stressing that the focus on the energy sector and the provision of administrative development, legal and financial requirements will provide Iraq with the proceeds can be employed to expand the productive base of the guarantor to diversify Iraq's economy.

He said he could not be the oil sector be effective and productive as the legal and administrative framework capable of wealth to invest properly and in accordance with the Constitution and within the international oil industry standards did not have.

He noted that the House of Representatives has spared no effort to laws relating to energy transmitted by government legislation, including: the Ministry of Electricity Law, the Iraqi Atomic Energy Commission, and the law exempting foreign companies and subcontractors of foreigners in licensing rounds contracts, the fees and the law of the Second Amendment to the law of private investment liquidation oil.

[ChuckFinley]

Thanks Yota, there seems to be a lot of talk oil. 

[Mask Phantom]

1 hour ago, Laid Back said:

"the government is going towards building a strong Iraqi economy for the advancement of the country and not rely on a single source."

 

Countries with strong economies usually have strong currencies.!

 

Go RV 

Go strong economy

   

I agree with you LB....

[Half Crazy Runner]

1 hour ago, 10 YEARS LATER said:

Another  " Bless us for our intentions " article . . . a decade + of chin wagging.  Makes me wanna puke. These people don't even realize what an embarrassment they are. The people of Iraq deserve better than endless years of a government made up of Slackers, Foot Draggers & Windbags.

Yea, Abadi has his hands full, okay I get that. Still, best they get this wrapped up Pronto before another Monkey jams a Monkey Wrench into the gears, and more excuses have to be created as to why it's all "Postponed Because " yet again.  

When does the incessant gum flapping/excuse mongering/rewriting the obvious ( while ignoring the 800 lb. Gorilla in the room ) & chatter about going International without substantive results stop ? ! ?   

My feelings exactly right now! My patience is evaporating, but most likely only because I'm stuck at home with a broken foot (can't drive, can't run, can't even walk..) feeling sorry for myself 😜  So, just gonna carry on like I have been for the last 7 years ....  

[DWS112]

Abadi: Iraq is moving towards stability and community reconciliation  April 2,2017

 

Iraqi Prime Minister Haider al-Abadi, said the country, "Haider al-Abadi" on Sunday, Iraq's energy forum that Iraq is moving towards stability and community reconciliation and the country where the potential and energies of tremendous Astosmarala bureaucracy opposed lethal way to accomplish this.

He stressed that "Abadi" during his speech at the Iraq Energy Forum followed, "the Iraqi situation," the need for institutional reform of the state and create job opportunities for new energies in the country.

He said, "Abadi" that the Iraqi budgets over the past years has become accumulated with the growth and increasing population throughout the country, so as to double the proportion of the population in Iraq during a quarter of a century with double the need for energy "electric oil" in the next fifteen years.

He explained, "Abadi" that Iraq pulsing energy and we seek to take advantage of every barrel of oil and every gas flame burns, declaring that the five-year plan is no longer sufficient and suitable for adoption in production due to the ongoing and that led to a decline in economic growth is no longer the budgets of Iraq could have sufficient capacity to cope and cover wars the current cost of population growth.

He called "Abadi" in his speech today before the Iraq Energy Forum, to "create job opportunities for young people and the unemployed as a priority in order to ensure the current and future potential of youth."

And it was launched on Sunday 2 April, in the capital Baghdad, the work of the "Forum of Iraq Energy 2017", to discuss the files of interest to the reality and the economic future of the country, under the supervision of the "Iraq Institute for Energy"

[10 YEARS LATER]

18 minutes ago, Half Crazy Runner said:

My feelings exactly right now! My patience is evaporating, but most likely only because I'm stuck at home with a broken foot (can't drive, can't run, can't even walk..) feeling sorry for myself 😜  So, just gonna carry on like I have been for the last 7 years ....  

" Patience Evaporating " is excellent way to describe our present situation.

Sympathy on your broken foot. Broke my foot playing High School football. Laid me up for a couple of months and walked using a cane for 2 more months. Had to walk before I could run again. Hope you have a Full recovery and back to running soon.

In the Meantime, as patience continues to evaporate, I pray we have the RV in April. My wife has had quite enough. We don't even speak of it now. She feels foolish for lasting this long (14 yrs.) and it's still all talk. I said " I'll let U know when it hits"  - she said she's not holding her breath -

The sad part: It took Germany 8 yrs after WWII to get their new currency global, and that's after plunging the entire Planet into war and their country razed to the ground. Iraq, no where near that sort of calamity and still in limbo.  

[yota691]

Barham Salih: rentier state is embodied in the ugliest forms in Iraq

economy

 Since 04.02.2017 at 10:58 (Baghdad time)

 Baghdad balances News

The deputy secretary general of the Patriotic Union of Kurdistan, Sunday, Barham Salih, said the rentier state is embodied in the ugliest forms in Iraq.

Saleh said during his participation in the Iraq Energy Forum, which was held at the Rashid Hotel in Baghdad, said that "corruption in Iraq is that perpetuates terror and violence," he said, adding "not excessive victories that have been achieved so far."

He added that "Iraq is approaching Nasraly organization Daesh, and we must not relinquish it must be a dialogue between the components," stressing that it is time to hold an Iraqi dialogue in Baghdad, not in Ankara, neither Tehran nor Washington between all the components on the country's future economic and its system, make Baghdad based dialogue or any future political map. "

He continued, "It must be set up a fund for the development of international investment," adding that "the fund will focus on" infrastructure projects and the creation of national unity of the country. "

He also noted that "economic projects have gathered political teams," according to Tbarha.anthy 29 / d 24

[Half Crazy Runner]

2 hours ago, 10 YEARS LATER said:

" Patience Evaporating " is excellent way to describe our present situation.

Sympathy on your broken foot. Broke my foot playing High School football. Laid me up for a couple of months and walked using a cane for 2 more months. Had to walk before I could run again. Hope you have a Full recovery and back to running soon.

In the Meantime, as patience continues to evaporate, I pray we have the RV in April. My wife has had quite enough. We don't even speak of it now. She feels foolish for lasting this long (14 yrs.) and it's still all talk. I said " I'll let U know when it hits"  - she said she's not holding her breath -

The sad part: It took Germany 8 yrs after WWII to get their new currency global, and that's after plunging the entire Planet into war and their country razed to the ground. Iraq, no where near that sort of calamity and still in limbo.  

Thanks so much for the kind words 10 years later! You've been an inspiration to me since I started reading posts here a few years ago! I figured if you can wait 14 years and still be optimistic, I have nothing to complain about after waiting only about 1/2 that long! 

My husband and I still make post RV plans and lists, and talk of "when" and never "if". Gotta keep the faith! 

 

[King Bean]

I've been a big believer that al Jabouri will make a difference in leading their parliament. But I have to ask "what country is he talking about now?" They couldn't even get a quorum today and had to cancel the session. They take one and two week breaks on a whim. They haven't tackled anything serious in months and months. Then he states "HOR has spared no energy in attending to energy laws". WHAAAAAT ???  These guys are all fools, liars, thieves. They need to neuter Maliki, fire all of representatives, prioritize all the laws that will benefit citizens and get to work. Every day.