KTFA Monday Night Conference Call
The first part is Business Promo and the second part is Dinar/Iraq Intel
PLAYBACK #: 641.715.3639, PIN: 156996#
Approx. 143 minutes long
Walkingstick: Investment bank AIIB to begin operating in mid-January
The launch of the Asian Infrastructure Investment Bank comes six months after 57 prospective founding members sign articles of agreement
By Zheng Yangpeng4:14PM GMT 04 Jan 2016
More news, analysis and features at China Watch
The Asian Infrastructure Investment Bank (AIIB) the first major multilateral lender with developing countries holding the majority of the shares and votes, has been formally established.
The launch of the bank came just six months after articles of agreement (AOA) were signed by 57 prospective founding members in June, and 26 months after President Xi Jinping proposed it in October 2013.
According to the AOA, the bank can be legally valid so long as more than 10 countries, with their represented total subscribed capital no less than 50 per cent of the total capital, havet the AOA approved by their legislatures.
So far, 17 countries have approved the mini-constitution. Their combined subscribed capital makes up 50.1 percent of the total, according to a statement by China’s Ministry of Finance.
The 17 countries are: Myanmar, Singapore, Brunei, Australia, China, Mongolia, Austria, the United Kingdom, New Zealand, Luxembourg, South Korea, Georgia, the Netherlands, Germany, Norway, Pakistan and Jordan.
The bank will be operational in mid-January, and the bank’s board of governors and board of directors will hold their first meeting from 16-18 Jan in Beijing. More prospective founding members are expected to approve the AOA by then.
http://www.telegraph.co.uk/sponsored/bu … aunch.html
Walkingstick: The completion of the oil agreement plugging the budget deficit
BAGHDAD – Muhannad Abdul Wahab
confirmed for the Oil and Energy Committee in the House of Representatives it is continuing to work to accomplish for the regulation of oil exports and imports generated by this wealth bills, stressing the need to oil exports increase in practice through the preparation and the creation of laws pertaining to this matter, to be presented for discussion at the Council House and voted on and then approved.
The Chairman of the Commission on oil and energy Ares Abdullah, the “morning”: that “the Committee examined and discussed in their meetings laws referred to it projects, for the purpose of submission to the House of Representatives, to read a first reading, and to address the government on its position on the formula that you have sent in Previous laws to the Commission, and the formation of a sub-committee members, to determine the priorities of the laws referred to, such as the draft second amendment to the law on investment in the crude oil No. 64 filter for the year 2007, and the law exempting foreign companies and sub-contractors and foreign contractors in licensing rounds of fee contracts in the bill law “, adding that” The committee expressed its observations on the recent law.
said Abdullah,” The Committee also discussed the draft law to determine the provinces producing and non-producing share, as expressed observations on the wording of a number of materials, particularly Article 3 of the law relating to the validity of the Council of Ministers reconsider the percentages granted to the provinces producing oil, as the Commission decided to agree on the abolition of this article, and voted to proceed introduced a draft law on the presidency of the Council with a view to legislation. “He continued that” the Committee also discussed the topics finance the federal budget for 2015 and accruals oil companies operating in rounds licenses and company Midland Refineries in the presence of the parliamentary finance committee.
“Statement of the oil agreement and disclosed Abdullah, for the issuance of the Commission statement on Baghdad and Erbil oil agreement, with the announcement that the Iraqi governorates outside the Kurdistan region will get the 83 percent of imports exporting oil region in the event of the success of the implementation of the oil agreement He called the Committee’s statement, all parties and political blocs to ensure the success of this agreement in the best interest of the people,
especially that this agreement will support the Iraqi economy and contribute to bridging the deficit in the general budget of the country through imports of oil Alakulaim.obin that “the supervisory role played by the committee was important in discuss the issue of lack of staff of the Ministry of Industry companies pay the salaries being funded enterprises, the self and non-productive now, where it was agreed to discuss the matter with the Finance Committee to reach a solution, and discuss the reasons for non-arrival of the product to the citizens in Anbar province and sell it on the black market or smuggled to Daash “.
energies alternative to that, said Chairman of the Oil and Energy Committee, to the host and Electricity Minister Qassim Fahdawi and officials in the ministry, came to discuss the ministry’s plans for electricity production until the year 2020 and to activate the investment side in the sector and re-pricing of Alkahraba.oadav wages “as Committee members discussed ways to the achievement of reliance on alternative energies, and the factors that hinder the arrival of the oil product to Anbar province, where it was agreed to Overture Anbar Operations Command and other security agencies to make a list of the names of the liberated areas and finding safe ways to deliver these products.
“He noted the Chairman of the Commission on oil and energy to the host committee to the Minister of Oil Adel Abdul Mahdi, and a number of general managers in the ministry, to discuss the recent oil understanding between the federal government and the Kurdistan Regional Government and discuss plans developed by the Ministry of Oil in regards to the production and export of crude oil for 2016, its future prospects and benefits companies within the licensing rounds. distribution of wealth in turn , Deputy Chairman of the oil Bahadli,
“The committee’s visits to the Kurdistan region, discussed the oil policy in the region, and the willingness of the Ministry of Natural Resources to cooperate with the federal government to resolve all outstanding issues and agree on communication and coordination between the two sides and work on the convergence of views as part of the Commission’s role oversight.
“He said Bahadli” morning “: that” it was agreed to a legal oil and gas, financial resources and the equitable distribution of the wealth of the Iraqi people and the concerted efforts to fight Daash approval, being the enemy of all, “revealing the conclusion of a memorandum of understanding between the Commission on oil and energy parliamentary and the Committee on Industry and Energy and natural resources in the region’s parliament, includes a number of principles and see, supervision and follow-up on the agreements between the federal and provincial government in the oil, power, gas and natural resources areas of agreements and work on sustainability and implementation and to identify the obstacles they face and to express an opinion to the convergence of views, pointing out that the note included the principle of cooperation common to study the draft laws relating to oil and gas, energy, natural resources and other relevant laws under the Constitution.
bilateral agreements and draw Bahadli that the committee visited the Maysan province, to attend a conference Exhibition and Conference Misan Second International Energy and Construction (science, technology and means of development and innovation), and visit one of the oil wells in the field Halfaya for the functioning of the said meeting field with a field project Halfaya Chinese company manager (Petro China Halfaya) for the company’s work mechanism and put the problems and constraints affecting the Amlha.obin “The committee met with French Ambassador Marc Baretti to Iraq, economic adviser at the embassy to discuss the situation Iraq in the areas of security, economy and ways to develop relations and the common interests to serve the two countries, especially in the oil and energy sector to coincide with the fall in oil prices in the world markets and lack of stability. ”