Go Iraq

[6ly410]

its the same article i posted yesterday...not sure where the IN RAISING AND ENHANCING THE VALUE OF THE CURRENCY DINAR PURCHASING POWER comes from

Edited February 13, 2019 by 6ly410

[pokerplayer]

3 minutes ago, 6ly410 said:

hang on it is the same article i posted yesterday

 

 

Thats it, thank you

 

  pp

[navira]

That is the one bro. Thanks much

[6ly410]

 

[chris2028]

43 minutes ago, 6ly410 said:

 

He sure did put an emphasis on how secure Iraq was! Good way to ease the fears of foreign investors. Not to mention the acting Sec of Defense also made that surprise visit to look things over and be sure it was in fact secure. Good things all around!

[6ly410]

news right now are over the top... this is so exciting 

[NEPatriotsFan1]

1 minute ago, 6ly410 said:

news right now are over the top... this is so exciting 

Slow down gym shoes! You’re killing me..... 😂 I still gotta keep working till money is in my OSI bank account.... 

 

You’re gonna make me say something to the boss that I regret 😂

[6ly410]

Haha 

[6ly410]

nvm

Edited February 14, 2019 by 6ly410

[Gypsygirl11]

Nice article! I'm ready. More action and less talk.

[Starrider]

1 hour ago, Gypsygirl11 said:

Nice article! I'm ready. More action and less talk.

Ditto +

What she said

Starr

Edited February 15, 2019 by Starrider

[6ly410]

Iraq Oil and Gas Upstream Fiscal and Regulatory Report 2018: Challenged by Regulatory Uncertainty and Tough Fiscal Terms

 

  

February 14, 2019 05:25 ET | Source:  Research and Markets

 

 

Dublin, Feb. 14, 2019 (GLOBE NEWSWIRE) -- The  "Iraq Upstream Fiscal and Regulatory Report - Sector Challenged by Regulatory Uncertainty and Tough Fiscal Terms" report has been added to  ResearchAndMarkets.com'soffering.  

Iraq Upstream Fiscal and Regulatory Report - Sector Challenged by Regulatory Uncertainty and Tough Fiscal Terms, presents the essential information relating to the terms which govern investment into Iraq's upstream oil and gas sector. The report sets out in detail the contractual framework under which firms must operate in the industry, clearly defining factors affecting profitability and quantifying the state's take from hydrocarbon production. Considering political, economic and industry specific variables, the report also analyses future trends for Iraq's upstream oil and gas investment climate.

In April 2018, Iraq held its fifth licensing round on the basis of a new model version of service contracts introduced in the previous weeks. However, with these new service contracts, the levels of state take are among the highest in the world and this explains why the bid round obtained mixed results with only 6 blocks assigned out of 11 on offer and no major international oil companies among the winners. In March 2018, Parliament passed legislation, still to be implemented by the government, whose goal is to reform completely the management of Iraq's petroleum sector, but the regulatory outlook remains uncertain. The most important element of the legislation would be to re-establish the Iraq National Oil Company, which would be put in charge of Iraq's petroleum contracts and would be the holding company controlling Iraq's regional oil companies.

Scope

• Overview of current fiscal terms governing upstream oil and gas operations in Iraq
• Assessment of the current fiscal regime's state take and attractiveness to investors
• Charts illustrating the regime structure, and legal and institutional frameworks
• Detail on legal framework and governing bodies administering the industry
• Levels of upfront payments and taxation applicable to oil and gas production
• Information on application of fiscal and regulatory terms to specific licenses
• Outlook on future of fiscal and regulatory terms in Iraq.

Reasons to buy

• Understand the complex regulations and contractual requirements applicable to Iraq's upstream oil and gas sector
• Evaluate factors determining profit levels in the industry
• Identify potential regulatory issues facing investors in the country's upstream sector
• Utilize considered insight on future trends to inform decision-making.

Key Topics Covered:  

1. Tables & Figures

2. Regime Overview

3. State Take Assessment

4. Key Fiscal Terms- Service Contract
4.1. Bonuses and Fees
4.1.1. Signature Bonus
4.1.2. Commerciality Bonus -Round 5 Contracts
4.1.3. Employment, Training, and Technology Transfer Fund
4.1.4. Infrastructure Fund -Round 5 Contracts
4.2. Royalty-Round 5 Contracts
4.3. Cost Recovery - Round 5 Contracts
4.3.1. Cost Recovery Limit
4.3.2. Recoverable Costs
4.4. Remuneration - Round 5 Contracts
4.5. Service Fees - Round 1-4 Contracts
4.5.1. Recoverable Costs
4.5.2. Remuneration Fees
4.6. Supplementary Fees - Rounds 1-4
4.7. Taxation
4.7.1. Corporate Income Tax
4.7.2. Customs Duties
4.7.3. Transfer Tax -Fifth Licensing Round
4.8. State Participation
4.9. Abandonment and Site Restoration 

5. Key Fiscal Terms - Production Sharing Agreement
5.1. Bonuses
5.1.1. Signature and Capacity Building Bonus
5.1.2. Production Bonus
5.1.3. Additional Project Funding support
5.2. Surface Rentals
5.3. Fees and Contributions
5.3.1. Personnel Fees
5.3.2. Training Fees
5.3.3. Environment Fund Contributions
5.3.4. Technological and Logistical Assistance Contributions
5.4. Royalty
5.5. Cost Recovery
5.5.1. Cost Recovery Limit
5.5.2. Recoverable Costs
5.6. Profit Sharing
5.7. Capacity Building Payments
5.8. Direct Taxation
5.8.1. Corporate Income Tax
5.8.2. Deductions and Depreciation
5.9. Customs Duties
5.10. State Participation 

6. Regulation and Licensing
6.1. Legal Framework
6.1.1. Governing Laws
6.1.2. Contract Type
6.1.3. Title to Hydrocarbons
6.2. Institutional Framework
6.2.1. Licensing Authority
6.2.2. Regulatory Agency
6.2.3. National Oil Company
6.2.4. Joint Management of Petroleum Operations
6.3. Licensing Process
6.3.1. Federal Licensing Rounds
6.3.2. Bidding in Federal Rounds
6.4. License Terms
6.4.1. Duration
6.4.2. Work Obligations
6.4.3. Gas and Natural Gas Liquids Obligations
6.4.4. Relinquishment
6.5. Local Content 

7. Outlook

8. Appendix

List of Tables

• Iraq Regime Overview
• Iraq, Signature Bonuses for First Four Licensing Rounds
• Iraq, Winning Remuneration Percentage Bids, Fifth Licensing Round (2018)
• Iraq -Service Contracts, Production Targets and Plateau Periods, First Four Licensing Rounds
• Iraq - Service Contract, Remuneration Fee, First Four Licensing Rounds
• Iraq, Service Contract, Remuneration Fee Adjustment Factors - Rounds 1-3
• Iraq, Service Contract, Remuneration Fee Adjustment Factors - Round 4
• Iraq, PSA, Signature and Capacity Building Bonuses (US$) - Selected PSAs, 2006-2011
• Iraq, PSA, Capacity Building Bonuses, Additional Payments, 2007 and 2008
• Iraq, PSA, Production Bonuses (US$), Standard Rates and Other Variations
• Iraq, PSA, Production Bonuses (US$), Arbat and Baranan PSAs
• Iraqi Kurdistan, Production Bonuses (US$), Acquired Government Interest Stakes, Harir, Safen and Garmian PSAs
• Iraqi, Production Bonuses By Cumulative Production Levels (US$), Wasit Province PSA
• Iraqi Kurdistan, Training Fees By Project Phase, Selected PSAs
• Iraqi Kurdistan, Environment Fund Contributions By Project Phase (US$), Selected PSAs
• Iraqi Kurdistan, Technological and Logistical Assistance Contributions (US$), Selected PSAs
• Iraq, PSA, Cost Recovery Limits (%), Selected PSAs
• Iraq, PSA, Contractor's Share of Profit Oil (%), 2007 Atrush PSA
• Iraq - PSA, Contractor's Share of Profit Oil (%) for PSAs Issued from 2006 to 2011
• Iraq - PSA, Contractor's Share of Profit Oil (%), 2011 Salah ad Din PSA
• Iraq - PSA, Contractor's Share of Profit Oil (%), 2011 Wasit PSA
• Iraq - PSA, Profit Oil Capacity Building Payments, Selected PSAs
• Iraq - PSA, Capacity Building Payments, Selected PSAs
• Iraq - PSA, Capacity Building Payments, Atrush and Sarsang PSAs, 2007
• Iraq - PSA, Capacity Building Payments, Hawler PSA, 2007
• Iraq - PSA, Capacity Building Payments, Kurdamir PSA
• Iraq - PSA, Capacity Building Payments, Safen and Harir PSAs, 2010
• Iraq - PSA, Capacity Building Payments, Qala Dze, Piramagrun and Taza PSAs, 2011
• Iraq - PSA, Kurdistan Depreciation Rates (%)

List of Figures

• Iraq Regime Flow Chart - Service Contract (Fifth Round)
• Iraq Regime Flow Chart - Production Sharing Contract
• Indicative NPV10/boe, IRR and State Take Comparison, Regional Comparison - 2018
• Iraq, Legal Framework
• Iraq, Institutional Framework 

For more information about this report visit https://www.researchandmarkets.com/research/4swtzc/iraq_oil_and_gas?w=12http://globenewswire.com/news-release/2019/02/14/1725229/0/en/Iraq-Oil-and-Gas-Upstream-Fiscal-and-Regulatory-Report-2018-Challenged-by-Regulatory-Uncertainty-and-Tough-Fiscal-Terms.html

[6ly410]

 

[6ly410]

Nvm 

Edited February 15, 2019 by 6ly410

[Laid Back]

The private sector is the engine of growth. Government plays a central role in supporting economic growth and reducing poverty. It needs to provide good policy, strong institutions and efficient public goods and services to ensure the private sector can thrive and the benefits of growth reach all citizens.

 

Go investment 

Go private sector 

Go Growth 

[6ly410]

what a day bro... haha 

[navira]

Hahaha. Yes it was...let's go rv

[6ly410]

😀

Edited February 17, 2019 by 6ly410

[6ly410]

Iran Vows to Increase Economic Ties with Iraqi Kurdistan

 

http://en.farsnews.com/newstext.aspx?nn=13971127001043

 

 

 

Sat Feb 16,

 

 

TEHRAN (FNA)- Iranian Foreign Minister Mohammad Javad Zarif, in a meeting with Head of the Kurdistan Region Security Council (KRSC) Masrour Barzani on Saturday, reassured that expanding relations with Erbil, particularly in economic fields, is atop Tehran’s agenda.

Developments of relations with Iraqi Kurdistan region in all fields, in particular, in the economic field are Iran's policy, Zarif said today in a meeting with Barzani, on the sidelines of the 55th Munich Security Conference in Germany.

The Iranian minister also called for establishment of a joint industrial region between the two sides.

Zarif and Barzani also discussed the latest regional developments, including the situation in Syria.

Commenting on developments in Syria, Zarif urged respecting Syria's sovereignty.

In a related front, earlier this month, it was announced that a host of knowledge-based construction companies of Iran's private sector will showcase their capabilities, products, and achievements at the 11th Erbil international building construction exhibition in mid-April 2019.

Iran will set up a pavilion at the 11th Erbil International Building-Construction, Municipality Equipment, Machinery & Natural Stone Exhibition in the Iraqi city.

Dubbed Erbil Building, the event is the most important exhibition of building construction in Iraq, which brings together many participants and visitors from various parts of the world, particularly the neighboring countries.

The exhibition is scheduled for 22 - 25 April 2019.

Also on January 21, officials from Iran and Iraqi Kurdistan region announced that Iran and Iraq will open a new border crossing to further ease the transit of goods, transportation of cargos, and bilateral trade between the two countries.

Officials visited various facilities and commercial complexes on both sides of the border in a bid to increase economic ties.

Deputy Governor-General for Political Affairs of Iran’s Western Province of Kurdistan Hossein Khosheqbal met officials from the Iraqi district of Panjwen. 

Panjwen is part of Sulaymaniya, a city in the Iraqi Kurdistan Region. 

They visited the Siran-Band border crossing and market to see for themselves the difficulties in the way of more transport and transit.

Panjwen Mayor Zana Rahman said, “The Iraqi central government has agreed that Siran-Band become an official border crossing.” 

He said the groundwork for the crossing's formal opening has been laid so that passengers can cross the border in the coming weeks. 

The Iraqi delegation later visited commercial complexes at Baneh county on the Iranian side of the border.

In a related front on November 20, senior Kurdish officials said the Iraqi Kurdistan Region is resolved to continue business in Iran's market under any conditions, and said Erbil will help Tehran to pass through the sanctions era.

"The Iraqi Kurdistan will help Iranian people and government under the US sanctions," Chairman of Iraqi Exporters and Importers Union in Kurdistan Sheikh Mustafa Abdul Rahman said on the sidelines of an exhibition in Alborz province.

The Iraqi Kurdistan official reiterated that Iran has great potentials in the field of manufacturing and industry, and said, "We are very pleased that we live in the vicinity of the Islamic Republic of Iran."

Sheikh Abdul Rahman, meantime, welcomed the expansion of economic and trade cooperation with Iran, and said, "There is good cooperation between Iran and Iraq."

"Due to the high quality of Iranian goods, we welcome the presence of different Iranian products in the markets of Iraqi Kurdistan," he added.

The Iraqi Kurdistan official noted that in order to expand mutual trade cooperation between Iran and Iraq, the obstacles in the way of monetary and banking relations must be removed.

In relevant remarks a senior official announced in early May that Tehran and Erbil were working closely to conclude strategic agreements in the near future.

"Good economic meeting in Erbil and implementation of agreements will open new chapter in bilateral ties," Head of Iraqi Kurdistan Union of Chambers of Commerce and Industry Dara Jalil Khayyat told reporters.

He described the recent economic meeting between Iran and Iraq's Kurdistan region as satisfactory.

Iran and Iraqi Kurdistan Region held a two-day joint economic meeting in Erbil on May 2-3.

Khayyat reiterated that the joint meeting led to signing an important agreement between the two sides.

"Implementation of the agreement will solve many problems created for the businesspersons and border areas," he added.

Khayyat further said the recent mutual agreement dealt with transportation, economy and tourism.

Edited February 17, 2019 by 6ly410

[navira]

Iran does not want to miss out on Kurdistan economic boom

[navira]

I can honestly say that Kurdistan is leading the way for our blessing bro...

[6ly410]

24 minutes ago, 6ly410 said:

Iraqi Kurdistan

is leading the way...haha cheers bro

[lmb4321]

Lots of Construction and Business projects going on in Erbil........

.no ISIS to slow them down anymore.......

[6ly410]

 

[navira]

Hey bro, I was eating at a panda express today. I cracked open a fortune cookie and it said: an unexpected windfall will soon be yours. Cheers bro