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Major economic events in Iraq in 2011

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1Major economic events in Iraq in 2011 Empty Major economic events in Iraq in 2011 Mon Dec 26, 2011 4:49 pm

gente

gente

Major economic events in Iraq in 2011

26/12/2011 11:25

Baghdad, December 26 / December (Rn) - Excellence in 2011 for the year 2010 a lot of events important economic, which was the starting point for strengthening the role of Iraq, the differences of political and security challenges of the many that led to that describes the observers this year as "in crisis" has not reduced the effort of economic , as it has this year signed dozens of agreements and the opening of a number of important trade fairs and trade volumes rose from the previous year.

In the January 9 form a committee of Iraq's Ministry of Finance and Central Bank and the Office of Financial Supervision and the State Department to protect Iraqi funds, In 10 of the same month, Iraq signed a long-term economic agreement with Jordan to improve trade between the two countries, in 15 of Iraq signed a contract with the company Alixtrom to implement the project pending the train, in month 16 of the Security Council voted to extend immunity for Iraqi funds.

In 20 of the same month, the Iraqi government began to extend an oil pipeline through its territory to Syria to deliver Iranian gas to the Mediterranean, and in 23 of the month, Iraq signed an agreement with Germany to develop the oil fields and projects worth $ 2 billion.

In February 1st Iraq signed an agreement with German company Baronk for the development of government banks, and in 7 of the Ministry of Communications signed a preliminary agreement with the Federal Corporation STC Saudi Arabia to link Iraq via optical cable system to neighboring countries.


March 1 / March was the Prime Minister deadline percent on the development of the economic situation and the service of the government institutions, and in 15 of the month which ended Iraq prepared by the restructuring of the development of payments in the government banks, On 24 March the Iraqi government announced it had agreed with the EU on the development of the instruments in banks governmental organizations.

On April 5 and the Iraqi government signed the Convention for two years with Turkey for the development of factories and rehabilitation in the country, and in 7 of the same month the Ministry announced that the Federal Trade that 50 international companies and territory and local participated in the exhibition's second building requirements and housing talk.

On April 10, opened the Iraqi Ministry of Electricity Station Sadr gas card up to 320 mega watts and a value of 100 million euros, 28 Iraqi government announced that the volume of trade with Turkey amounted to 12 billion dollars.


On 13 May / May have agreed the Ministry of Electricity with the Iranian Oil Ministry to import 25 million cubic meters of natural gas to generate 2500 megawatts of electricity, and on 17 have agreed the Iraqi Oil Ministry with the South Korean government to provide the crude oil export of 166 thousand barrels per day to 250 thousand barrels per day.

23 of the month, Kuwait to freeze the assets of Iraqi Airways in Jordan, and in 29 of Iraq to resolve the issue of freezing of funds by the Jordan Kuwait to freeze the assets of Iraqi Airways.

In the June 6 struck the Iraqi Oil Ministry and two finalists with the Turkish Petroleum Company, Kuwait and Kuwait Energy Company, Kocaz Korea, to develop the fields Sebe and Mansuriyah invading into the third round of licensing approval of the Council of Ministers on the initial contract.

On June 12, Washington announced afford the protection of Iraqi funds, as agreed in 17 of Iraq with Turkey to establish a company Skkih common between them, and in 21 of the same month announced the Federal Ministry of Transport said it had agreed with France to develop the country's airports and equipped with modern equipment.

In 26 of the same month agreed to the Ministry of Transport with France to develop the line railway in the country according to the payment on credit, and in 29 of the same month announced that the Ministry of Planning and Development Cooperation has allocated $ 500 million to build housing complexes for low income people within the Chtha to alleviate poverty in the country.

On July 1 and signed the Iraqi Ministry of Electricity signed a contract with any ECG Iranian extend the gas pipeline worth $ 365 million, and in 2 of the same month, The Ministry of Communications entry communications system to accommodate 400 thousand line of light of coordinating with international companies, and in 3 of the same month entered into the Ministry of Science and Altklnoggio agreement for a period of 5 years and worth $ 256 billion with Iran to develop technical projects and Altklnoggio in the country.

On 6 July and signed an information and communications contract with Eskom Swedish $ 800 thousand euros to import 8 devices to check the electronic mobile phone service, and in 8 of the same month completed the Iraqi Ministry of Finance and the final accounts for the years 2008 and 2009.

In 23 of the same month announced the Office of the Deputy Prime Minister for Energy that Iraq agreed on a draft of the China World in charge of the development of Ahdab to increase production to 200 thousand barrels, and 24 of The Ministry of Planning and Development Cooperation stop the entry of goods is licensed from foreign companies that Iraq contracted with them to inspect the goods in the countries of origin, as agreed and the Iraqi Ministry of Industry on July 28 with the Ministry of Industry and Minerals Algiuah the investment of the General Company for Iron.

On 2 August / August completed the final designs for the refinery in Karbala oil, was signed a memorandum of understanding with the investment company is Italian for a period of six months of the completion of financing and providing technical personnel to start work on a refinery in Karbala, and in 7 of the form of Iraq's technical committee to discuss the damage to the port of Mubarak on Iraqi ports, announced in the Iraqi oil on the 14 of the 41 companies worldwide involved in the licensing round four.

On 20 August, Ministry of Finance announced it has completed the final accounts for 2010 to all ministries and government bodies, and in 22 of the month, Ministry of Transport announced that the Jordanian government and formally agreed to extend the plans Skki from the port of Aqaba to the Iraqi border, and on 30 it entered the 16 companies Italian to work in the field of Housing through the payment term.

In September 11th, the Ministry of Municipalities officially the fourth licensing round with the participation of 44 international companies, in 14 of the same month the Iraqi government announced that the level of trade between Iraq and Kuwait dropped to $ 100 million due to a port of Mubarak.

In 15 of the same month revealed that the Council of Ministers of Iraq's debt in accordance with the Paris Club amounted to $ 23 billion, while launched the National Investment Commission in the register 17 of the draft Basmajh residential south of Baghdad, which contains over a million units.

On 23 September and signed the Ministry of Communications with Alixtrom global contract worth $ 9 million to implement the project the gates of power electronics, and in 28 of the same month and agreed to the Iraqi government to develop the field of crutch by a company Kocaz Korean, and in the same day announced the Federal Ministry of Transport for the allocation of 95 million euros to build the port of Faw initial phase in 2012.

In the October 1 agreed to the Ministry of Oil with Italy's ENI to raise the level of oil production in the Zubair oil field to 1.2 million barrels and production was the field with a time about 227 000 barrels per day, and in 4 of which Ministry has decided to Alinvtt View Generation Msfian in the provinces of Karbala and Maysan up their energy productivity to 290 thousand b / d, the same day and agreed with the Ministry of Transport and the stricken Iranian Park on the rehabilitation of the railway system.

On 8 October, said the Iraqi Central Bank, the IMF agreed to a policy of Iraq's cash, and in 9 of the same month began the Baghdad Provincial Council to create the first industrial city $ 250 million in the Nahrawan area south of Baghdad, while the telecommunications ministry said in 11 of the completion influence of the electronic gates of the project cost amounted to $ 16 million.


In November 1st, the Ministry of Commerce Baghdad International Fair Bdorth 38 and with the participation of 200 companies worldwide and witnessed the signing of 50 Convention on secondary, and on 9 October and agreed to both Iraq and Kuwait on establishing a free market near the port of Safwan for the promotion of trade, and in 11 of Iraq began procedures to open port a new border with Turkey to enhance trade between the two countries.

On November 13 the government told the Iraqi company Aksen Mobil non-legal work in the Kurdistan region, and in 14 of the same month announced that the Iraqi government and the sudden inability to pay the Egyptian debts amounting to $ 400 million Samn budget in 2012, with Iraq agreed in 15 of the establishment Basra Gas Company in partnership with Shell Mitsbouche German and Korean.

On November 18, Shell announced that the production of the Majnoon field was 76 thousand barrels of oil a day, and in 23 of the same month, Iraq signed a contract funded by the European Union at a cost of 24 billion euros for the development of human capacity, and on 26 Iraq has officially informed company Aksen Mobil prohibition of entry into the fourth round If you insisted on working in Kurdistan, and in 27 of the said President of Kurdistan region Masoud Barzani that he had obtained the approval of the work of al-Maliki Aksen Mobil in oil exploration sites of the province of Kurdistan. On the same day and the Ministry of Oil signed a final contract with Shell to establish a gas with a capital of Basra, an estimated $ 20 billion.

In December 12th exhibition opened Baghdad for reconstruction and housing participation of 200 international and Arab companies and local, and in the 23rd, the Kuwaiti government announced that facilitate the entry of Iraqi traders to, and on 25 the Iraqi government announced that Iraq would emerge from Chapter VII depends on the position of Kuwait.

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